Author: Eduardo Montero
Last Updated on June 5, 2023
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:
What is the best prop trading firm with instant funding?
| Prop Trading Firm | Instant Funding Fee | Features | |
|---|---|---|---|
| 25k balance for $250 50k balance for $400 100k balance for $700 250k balance for $1.8k 500k balance for $3.5k 1m balance for $6.5k |
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Don’t like doing trade evaluation? Want to trade live account straight after the fee is paid? Here are what in my opinion are the best prop firms with no evaluation. Despite having a lower profit split scheme than SurgeTrader, will allow you to access a funded account from the start without evaluation or the need to pass any audition or challenge.
No Evaluation Prop Firms
| Prop Trading Firm | Instant Funding Fee | Features | |
|---|---|---|---|
| $3,500 balance for £119 $10,000 balance for £299 $15,000 balance for £349 $22,500 balance for £449 Scaling plan up to $2,880,000 |
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| $6,000 balance for £147 $15,000 balance for £297 $30,000 balance for £577 Scaling plan up to $1,750,000 |
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| $6,000 balance for €235 $10,000 balance for €385 $20,000 balance for €745 Scaling plan up to $4,000,000 |
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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 |
|---|---|---|---|---|---|---|---|---|
25k balance for $250 50k balance for $400 100k balance for $700 250k balance for $1.8k 500k balance for $3.5k 1m balance for $6.5k No scaling plan. | 75% (or 90% with add-on purchase) | 10% | 5% (Daily loss limit). 8% (Max trailing drawdown). | No time limits. | Forex, Stocks and Crypto. | 1:10 Forex, 1:5 Stocks and 1:2 Crypto. | ||
$3,500 balance for £119 $10,000 balance for £299 $15,000 balance for £349 $22,500 balance for £449 Scaling plan up to $2,880,000 | 50% (level 1) up to 80% (level 7) | 10% (Low Risk Mode). 25% (Aggressive Mode). | 5% (of the balance of each level on scaling plan). | 180 days (Low Risk Mode). 90 days (Aggressive Mode). | Forex, Indices, Commodities and Metals. | Up to 1:50 (Low Risk Mode). Up to 1:100 (Aggressive Mode). | ||
$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 | ||
$6,000 balance for €235 $10,000 balance for €385 $20,000 balance for €745 Scaling plan up to $4,000,000 | 50% | 6%-7% (Low Risk Mode). 12% (Aggressive Mode). | 6% of the balance at LV1 and LV2 of the scaling plan. 4% at higher levels. | 180 days (Low Risk Mode). 60 days (Aggressive Mode). | Forex. | 1:10 (Low Risk Mode). 1:30 (Aggressive Mode). |
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 My Forex Funds require you to pass an evaluation or challenge phase to access a funded live 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.
After conducting a thorough research I believe that SurgeTrader, a prop firm based in the USA (Naples, Florida) is currently the most balanced option for a larger number of traders to access a funded account in a fast way. To learn more about how it works and what its features are, here is this instant funding prop firm review: Surgetrader review. It is true that this prop trading firm has a one-step audition process and you don’t have a funded account from day one but I think the requirements are quite accessible (you only need to reach 10% profit while keeping risk under control to access a live funded account). Their trading rules are much simpler than other prop firms, they don’t have an endless scaling program (you can access an account between $25,000 and 1 million dollars from the start depending on the fee that suits you best) and the profit split percentage is more beneficial to the trader than other instant funding firms without evaluation: 75% (and you can increase this percentage to 90% with the purchase of an add-on).
If you prefer to opt for a prop firm without evaluation process, the best options currently available I believe are: FTUK, a London-based firm with fairly simple trading rules, two programmes to suit different types of traders (low risk or agressive) and a profit split that starts at 50% for the trader and ends up at 80%. Then there is The 5%ers, a prop trading firm based in Israel, which offers instant funding for Forex, also with 2 profiles depending on the level of risk the trader prefers, a 50/50 profit split and a instant funding account with no challenge from $6,000 which can go up to $4,000,000. 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.
As you can see, most of these companies without challenge specialise in Forex, 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.