Author: Eduardo Montero
Last Updated on November 16, 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 $5,760,000 |
|
20%
OFF
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 £197 $15,000 balance for £297 $30,000 balance for £577 Scaling plan up to $2,000,000 |
|
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 (The Funded Trader) that offers a one-step challenge (Knight Challenge) where you can earn 80% profit from the start and 90% by participating in their scaling program. You can trade at your own pace (no time limits) and quickly pass the challenge (no minimum trading days) and receive your first payout after 7 days being one of the fastest in the industry:
| Prop Trading Firm | Balance / Fee | Features | |
|---|---|---|---|
| 25k balance for $189 50k balance for $289 100k balance for $489 200k balance for $939 Prices for Knight Challenge (1 Phase). More programs available. Scaling plan up to $1,500,000 |
|
10%
OFF + 92.5% PAYOUTS + 125% BONUS
Coupon
15%
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 $5,760,000 |
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
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, Crypto, Indices and Commodities. |
1:10 |
10%
OFF
Coupon
|
|
$6,000 balance for £197 $15,000 balance for £297 $30,000 balance for £577 Scaling plan up to $2,000,000 |
50% (90% with scaling plan). |
10% |
5% Max drawdown on Level 1-2 of the scaling plan. 7% Max drawdown on Level 3-4. 10% Max drawdown on Level 5-6. |
90 days. |
Forex, Crypto, Indices and Commodities. |
Up to 1:100 |
10%
OFF
Coupon
|
|
One-step challenge (Knight Challenge) |
25k balance for $189 50k balance for $289 100k balance for $489 200k balance for $939 Prices for Knight Challenge (1 Phase). More programs available. Scaling plan up to $1,500,000 |
80% by default and 90% with scaling plan. |
10% |
3% Max Daily Loss. 6% Max Loss. |
No time limits. |
Forex, Indices, Commodities, Metals and Cryptocurrencies. |
Up to 1:200 |
10%
OFF + 92.5% PAYOUTS + 125% BONUS
Coupon
15%
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, cryptocurrencies, 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. 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 The Funded Trader, a prop firm based in United States (Texas) 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. The Funded Trader allows you to quickly pass the challenge as there are no minimum trading days and you can receive your first profit payment in as little as 7 days.
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.
It is usual for most proprietary trading firms to offer promotions and discount coupons that allow you to save a significant amount of money on your access fee. To keep up to date with the best deals you can check out our Prop Firms Discounts page where you will find coupons like this one: the funded trader coupon code.
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.