Author: Eduardo Montero
Last Updated on September 21, 2023
Don’t like challenges or evaluations? Want to trade with a live account directly after the fee is paid? If you are interested in finding the best prop firms in the market that offer instant funding, here are what I consider to be the best options after having analysed in depth a multitude of proprietary trading firms over the last few years:
No Evaluation Prop Firms
| Prop Trading Firm | Instant Funding Fee | Features | |
|---|---|---|---|
| $3,500 balance for $200 $10,000 balance for $550 $15,000 balance for $750 $22,500 balance for $1200 Scaling plan up to $2,880,000 |
| 20% OFF SPECIAL DISCOUNT Coupon 5% OFF Coupon  | |
| $5,000 balance for $299 $10,000 balance for $599 $25,000 balance for $1,499 $50,000 balance for $2,999 $75,000 balance for $4,499 $100,000 balance for $5,999 Scaling plan up to $2,000,000 |
| 10% OFF Coupon  | |
| $6,000 balance for £147 $15,000 balance for £297 $30,000 balance for £577 Scaling plan up to $1,750,000 |
| 10% OFF Coupon  |
Any alternative for quick access to a funded account with better conditions?
Here’s another option from a reliable prop trading firm (FundedNext) that offers a one-step challenge where you receive 15% of the profits you generate after passing the challenge, allows you to quickly access a funded account and earn 80% profit from the start and 90% by participating in their scaling programme where you can manage a balance of $4M:
| Prop Trading Firm | Instant Funding Fee | Features | |
|---|---|---|---|
| 6k balance for $59 15k balance for $119 25k balance for $199 50k balance for $299 100k balance for $519 200k balance for $999 Scaling plan up to $4,000,000 |
| 5% OFF Coupon  |
What is the best prop trading firm with instant funding?
Here is a comparison table with the most relevant features of these proprietary trading firms with instant funding:
| Prop Firm | Balance / Fee | Profit Split | Profit Target | Max. Drawdown | Maximum Time | Instruments | Leverage | Visit |
|---|---|---|---|---|---|---|---|---|
$3,500 balance for $200 $10,000 balance for $550 $15,000 balance for $750 $22,500 balance for $1200 Scaling plan up to $2,880,000 | 50% (level 1) up to 80% (level 7) | 10% | 6% (of the balance of each level on scaling plan). | No time limits | Forex, Indices, Commodities and Metals. | Up to 1:100 | 20% OFF SPECIAL DISCOUNT Coupon 5% OFF Coupon  | |
$5,000 balance for $299 $10,000 balance for $599 $25,000 balance for $1,499 $50,000 balance for $2,999 $75,000 balance for $4,499 $100,000 balance for $5,999 Scaling plan up to $2,000,000 | 60% to 100% (according to the level of the scaling plan) | No target for payments. 10% to advance in the scaling plan. | 5% from initial balance. | No time limits | Forex, Indices and Commodities. | 1:10 | 10% OFF Coupon  | |
$6,000 balance for £147 $15,000 balance for £297 $30,000 balance for £577 Scaling plan up to $1,750,000 | (70% with scaling plan) | No target. Every time you reach a profit of 10% they will increase your balance by 50%. | 5% Max drawdown on Level 1-2 of the scaling plan. 7% Max drawdown on Level 3-4. 10% Max drawdown on Level 5-8. | 90 days to profit at least 5%. | Forex, Crypto, Indices and Commodities. | Up to 1:100 | 10% OFF Coupon  | |
One-step challenge | 6k balance for $59 15k balance for $119 25k balance for $199 50k balance for $299 100k balance for $519 200k balance for $999 Scaling plan up to $4,000,000 Stellar Challenge Prices (More programs available) | 80% by default and 90% with scaling plan. 15% Profit share from challenge phase. | 10% | 3% Max Daily Loss (Balance Based). 6% Max Overall Loss. | No time limits | Forex, Indices and Metals. | 1:30 | 5% OFF Coupon  |
How have we selected the best instant funding prop firms?
Nowadays there are a multitude of prop trading firms on the market and it is difficult to select the most suitable one for your profile. If you are also trying to find prop firms with instant funding the options are considerably reduced as most of the well-known companies such as FTMO, Topstep or The Funded Trader require you to pass an evaluation or challenge phase to access a funded account. At most of them even the evaluation phase consists of two steps, with different levels of requirements, so reaching a significant balance with which to trade takes quite a long time and you must first prove to the proprietary trading firm that you know how to trade and that your strategy is profitable before they will let you trade with their capital.
Then there are other much less reliable prop trading firms whose aim is to entangle the trader in an endless evaluation process or an impossible challenge to make money through initial fees. This is why it is very important to work with reliable prop firms, aligned with the trader’s interests and backed by extensive experience, rather than just going with the most aggressive offer.
If there is no evaluation phase, it is much easier for the company to only earn a significant amount of money by funding truly profitable traders.
At 5bestproprietarytradingfirms.com we try to help you find the best proprietary trading firms. The table above shows what I consider to be the best instant funding prop firm list. To reach this conclusion I have thoroughly analysed and personally tested a multitude of prop trading firms and I have also tried to gather the opinions of other traders to find out their experience working with these companies.
The most important factors that I used to draw up the comparison table were:
- Reputation of the proprietary trading firm.
- Access requirements to a real money funded account and objectives to be achieved.
- Simplicity of the trading rules.
- Quality of customer support service.
- Tradable financial instruments, speed of execution and commissions.
- Profit payments on time and without complications for withdrawal.
If you prefer to opt for a prop firm without evaluation process, the best options currently available I believe are: FTUK, a London-based funding firm with fairly simple trading rules, two programs to suit different types of traders (low risk mode or agressive mode) and a profit split that starts at 50% for the trader and ends up at 80%. Then there is City Traders Imperium, a prop trading firm based in Dubai (United Arab Emirates), which offers instant funding for Forex, indices and commodities, 60% to 100% profit split and accounts with no challenge that you can go up to $2,000,000. Finally there is the FundYourFX option which is based in the UK, has no assessment or challenge and unlike the previous ones does not impose a profit target. You just need to meet the risk targets and be profitable to be able to work with their funded accounts instantly.
After conducting a thorough research I believe that FundedNext, a prop firm based in United Arab Emirates is currently the most balanced option for a larger number of traders to access a funded account in a fast way. It is true that this prop trading firm has a one-step challenge but the requirements I think are quite affordable (you only need to reach 10% profit while keeping risk under control). Their trading rules are much simpler than other prop trading companies and the profit sharing percentage (80% by default and up to 90% with the scaling programme) is more beneficial to the trader than other instant funding prop firms without evaluation. It has the additional advantage over other prop trading firms with an assessment process of offering a 15% profit share on profits earned during the challenge once the challenge has been passed.
As you can see, most of these companies without challenge specialise in Forex (check here the best forex prop firms), although some also offer other financial instruments such as indices, cryptocurrencies, or stocks. HeIf you are interested in these assets, here is for example a list of the best prop firms for crypto.
Access fees are higher in prop firms without an evaluation process than in those where you have to pass a challenge to access a funded account. If you want to know which are the lowest priced prop firms you can see this list: Cheapest prop trading firms. As you can see, the more steps in the evaluation process, the lower the price tends to be.
I hope you find this information useful.
Author: Eduardo Montero
I'm Eduardo Montero. Computer scientist by profession and passionate about online trading with more than 10 years of experience in the financial markets. I'm the author of hundreds of articles published in other websites about the online trading industry. Learn more about me here: About the author.