Cheap forex funded account  - Forex Prop Reviews (2024)

The forex prop trading industry has massively grown and is becoming more and more attractive to forex traders worldwide. However, everyone doesn’t have the capital to start with account sizes of up to $1,000,000. That being said, in this article, we will present prop trading firm funding programs that are one of the cheapest.

FundedNext $6k two-step evaluation account = $49

FundedNext $6k two-step evaluation account rules:

  • Phase 1 profit target: 10%
  • Phase 2 profit target: 5%
  • Maximum daily loss: 5%
  • Maximum total loss: 10%
  • Minimum trading days: 5 calendar days
  • Phase 1 trading period: 30 calendar days
  • Phase 2 trading period: 60 calendar days
  • Leverage: 1:100

FundedNext 5% discount code: FOREXPROPREVIEWS

True Forex Funds $5k two-step evaluation account = €49

True Forex Funds 5k two-step evaluation account rules:

  • Phase 1 profit target: 8%
  • Phase 2 profit target: 5%
  • Daily equity drawdown: 5%
  • Equity drawdown: 10%
  • Minimum trading days: 5 calendar days
  • Phase 1 trading period: 30 calendar days
  • Phase 2 trading period: 60 calendar days
  • Leverage: 1:100

Finotive Funding $2.5k two-step evaluation account = $50

Finotive Funding $2.5k two-step evaluation account rules:

  • Phase 1 profit target: 7.5%
  • Phase 2 profit target: 5%
  • Daily equity drawdown: 5%
  • Equity drawdown: 10%
  • Minimum trading days: No minimum trading days
  • Phase 1 trading period: No time limit
  • Phase 2 trading period: No time limit
  • Leverage: 1:100

Finotive Funding 5% discount code + an increased +5% profit split: FOREXPROPREVIEWS

The5ers $5k High Stakes challenge = $39

The5%ers $5k two-step evaluation account rules:

  • Phase 1 profit target: 8%
  • Phase 2 profit target: 5%
  • Daily equity drawdown: 5%
  • Equity drawdown: 10%
  • Minimum profitable days: 3 calendar days
  • Phase 1 trading period: No time limit
  • Phase 2 trading period: No time limit
  • Leverage: 1:100

The5%ers5% active discount link:https://the5ers.com/?ref=7909

Fidelcrest $15k two-step evaluation account = €99

Fidelcrest $15k two-step evaluation account rules:

  • Phase 1 profit target: 10%
  • Phase 2 profit target: 5%
  • Maximum daily loss: 5%
  • Maximum loss: 10%
  • Minimum trading days: No minimum trading days
  • Phase 1 trading period: 60 calendar days
  • Phase 2 trading period: 60 calendar days
  • Leverage: 1:100 up to 1:200

Fidelcrest 15% active discount code: FPR-15

Alpha Capital Group $10k Lite two-step evaluation account = $97

Alpha Capital Group $10k two-step evaluation account rules:

  • Phase 1 profit target: 8%
  • Phase 2 profit target: 5%
  • Daily equity drawdown: 5%
  • Equity drawdown: 10%
  • Minimum trading days: 5 calendar days
  • Phase 1 trading period: 35 calendar days
  • Phase 2 trading period: 60 calendar days
  • Leverage: 1:100

Alpha Capital Group15% active discount code:FOREXPROPREVIEWS

Blue Guardian Unlimited $10k two-step evaluation account = $97

Blue Guardian Unlimited $10k two-step evaluation account rules:

  • Phase 1 profit target: 8%
  • Phase 2 profit target: 4%
  • Daily equity drawdown: 4%
  • Equity drawdown: 8%
  • Minimum trading days: No minimum trading days days
  • Phase 1 trading period: No time limit
  • Phase 2 trading period: No time limit
  • Leverage: 1:100

Blue Guardian10% active discount code:forexpropreviews

Bespoke Funding $10k Rapid two-step evaluation account = $99

Bespoke Funding $10k Rapid two-step evaluation account rules:

  • Phase 1 profit target: 8%
  • Phase 2 profit target: 5%
  • Daily drawdown: 5%
  • Maximum drawdown: 8%
  • Minimum trading days: No minimum trading days
  • Phase 1 trading period: No time limit
  • Phase 2 trading period: No time limit
  • Leverage: 1:100

Bespoke Funding10% active discount code:FOREXPROPREVIEWS

MyFundedFX $5k two-step evaluation account = $50

MyFundedFX $5k two-step evaluation account rules:

  • Phase 1 profit target: 8%
  • Phase 2 profit target: 5%
  • Daily drawdown: 5%
  • Maximum drawdown: 8%
  • Minimum trading days: No minimum trading days
  • Phase 1 trading period: No time limit
  • Phase 2 trading period: No time limit
  • Leverage: 1:100

MyFundedFX10% active discount code:FOREXPROPREVIEWS

Smart Prop Trader $10k two-step evaluation account = $97

Smart Prop Trader $10k two-step evaluation account rules:

  • Phase 1 profit target: 7%
  • Phase 2 profit target: 5%
  • Daily drawdown: 4%
  • Maximum drawdown: 8%
  • Minimum trading days: No minimum trading days
  • Phase 1 trading period: No time limit
  • Phase 2 trading period: No time limit
  • Leverage: 1:100

Smart Prop Trader5% active discount code:FOREXPROPREVIEWS

Funding Pips $5k two-step evaluation account = $32

Funding Pips $5k two-step evaluation account rules:

  • Phase 1 profit target: 8%
  • Phase 2 profit target: 5%
  • Daily drawdown: 5%
  • Maximum drawdown: 10%
  • Minimum trading days: No minimum trading days
  • Phase 1 trading period: No time limit
  • Phase 2 trading period: No time limit
  • Leverage: 1:100

Funding Pips5% active discount code:FOREXPROPREVIEWS

Glow Node $5k two-step evaluation account = $50

Glow Node $5k two-step evaluation account rules:

  • Phase 1 profit target: 8%
  • Phase 2 profit target: 5%
  • Daily drawdown: 5%
  • Maximum drawdown: 12%
  • Minimum trading days: No minimum trading days
  • Phase 1 trading period: No time limit
  • Phase 2 trading period: No time limit
  • Leverage: 1:30

Glow Node10% active discount code:FOREXPROPREVIEWS

Goat Funded Trader $5k Classic two-step evaluation account = $45

Goat Funded Trader $5k Classic two-step evaluation account rules:

  • Phase 1 profit target: 7%
  • Phase 2 profit target: 5%
  • Daily drawdown: 4%
  • Maximum drawdown: 10%
  • Minimum trading days: No minimum trading days
  • Phase 1 trading period: 30 calendar days
  • Phase 2 trading period: 60 calendar days
  • Leverage: 1:100

Goat Funded Trader10% active discount code:FOREXPROPREVIEWS

RebelsFunding $5k Copper Program = $25

RebelsFunding $5k Copper Program account rules:

  • Phase 1 profit target: 5%
  • Phase 2 profit target: 5%
  • Phase 3 profit target: 5%
  • Phase 4 profit target: 5%
  • Maximum daily drawdown: 5%
  • Maximum drawdown: 10%
  • Minimum trading days: No minimum trading days (4 minimum trades)
  • Phase 1 trading period: Unlimited
  • Phase 2 trading period: Unlimited
  • Phase 3 trading period: Unlimited
  • Phase 4 trading period: Unlimited
  • Leverage: Up to 1:200

RebelsFunding20% active discount code:FOREXPROPREVIEWS

The Trading Pit $10k Lite challenge account = €99

The Trading Pit $10k one-step evaluation account rules:

  • Profit target: 10%
  • Maximum daily drawdown: 5%
  • Maximum trailing drawdown: 10%
  • Minimum trading days: 3 calendar days
  • Trading period: 90 calendar days
  • Leverage: 1:30

The Trading Pit has a 15% cashback option for those who purchase a challenge through our affiliate link

Super Funded $15k one-step evaluation account = $99

Super Funded $15k two-step evaluation account rules:

  • Profit target: 10%
  • Maximum daily drawdown: 4%
  • Maximum drawdown: 8%
  • Minimum trading days: No minimum trading days
  • Trading period: 90 calendar days
  • Leverage: 1:30

Super Funded 10% active discount code: forexpropreviews

This article was lastly updated on 22.01.2024 at 11:15 (CE(S)T).

Cheap forex funded account  - Forex Prop Reviews (2024)

FAQs

Is it hard to pass the prop firm challenge? ›

If so, then you may have heard about the prop firm challenge. This is a popular way for traders to prove their skills and potentially secure funding from a prop firm. However, passing this challenge can be quite daunting and requires a lot of hard work and dedication.

How many people pass the prop challenge? ›

According to it, 4% of traders, on average, pass prop firm challenges. But only 1% of traders kept their funded accounts for a reasonable amount of time. While this result is not nearly as bad as the one discussed earlier, it still looks bleak for prospective prop traders. But why is the percentage of failure so high?

Is it hard to pass a funded account? ›

In conclusion, passing a funded account challenge requires developing a solid trading plan, demonstrating consistency, managing your risk effectively, and being willing to learn and improve.

Is forex funded account worth it? ›

There are several advantages to using a funded account in forex trading: Risk Mitigation: By using someone else's capital, traders can limit their personal financial risk. They can focus on honing their trading skills without the fear of losing their own money.

Which prop firm is easy to pass? ›

Overview: MyFundedFutures is the best futures prop trading firm on this list for a variety of reasons, but most notably because it boasts one of the highest pass rate for its evaluation program out of all the futures prop firms on this list.

How long does it take to pass a prop firm? ›

It typically takes around 4-5 months to become a prop firm funded trader, if you're a consistently profitable trader. Some traders can achieve this much faster by using increased risk. However, the likelihood of failing the trading challenges would be increased.

What is the failure rate of the prop firm challenge? ›

Understanding the Prop Firm Challenge

At its core, the prop firm challenge can be a way for prop firms to make money from failed challenges. This is because some sources have the failure rate of prop trading challenges at 90%. So for every 10 traders that buy a challenge, 9 will fail.

What happens if you lose prop firm money? ›

Proprietary trading firms often provide evaluation accounts where you prove your trading skills. Usually, you pay a one-time fee to enter this “challenge.” If you lose money during this evaluation, you won't owe anything beyond the initial fee.

Which is the cheapest prop firm? ›

Cheapest Prop Firms Forex 2024 - with $5K Funding Accounts...
  1. The5%ers. The5%ers specializes in providing funding of up to $100,000 to forex traders. ...
  2. FTMO. ...
  3. MyForexFunds. ...
  4. Earn2Trade. ...
  5. The Funded Trader Program. ...
  6. OneUp Trader. ...
  7. Apex Trader Funding. ...
  8. True Trader.
Feb 27, 2024

What happens if you fail a funded account? ›

Terms of Use Violations

As before, the Trader's Dashboard will reflect this violation with an account status of "Failed" and the trader must purchase another account in order to get another chance at the evaluation.

Is it hard to get funded by a prop firm? ›

Becoming a funded trader with a prop firm involves showcasing your trading skills and adherence to risk management during an evaluation process. While the difficulty can vary, it's achievable with consistency, dedication, and a solid trading approach.

What happens if you lose money on a funded forex account? ›

Retail prop traders will trade in demo accounts, making all profits and losses theoretical, meaning they are not liable for any losses. So, what happens if you lose money on a funded account? Traders who violate the maximum drawdown rule lose access to the account and must pay and pass the challenge again.

What is the best funded account? ›

Top 5 Best Funded Trader Programs 2024
  1. Bespoke Funding Program. Bespoke Funding Program is a prop firm where traders come together to help each other grow and succeed. ...
  2. Funded Trading Plus. ...
  3. Trade The Pool. ...
  4. The 5ers. ...
  5. Instant Funding.
Mar 15, 2024

What are the odds of passing the prop firm challenge? ›

In September 2023, Forex Prop Firm published their challenge passing rates, revealing that only 10.59% of participants were able to pass the first level, and a mere 9.26% qualified for the advanced pro level.

How hard is it to get funded by a prop firm? ›

Becoming a funded trader with a prop firm involves showcasing your trading skills and adherence to risk management during an evaluation process. While the difficulty can vary, it's achievable with consistency, dedication, and a solid trading approach.

What happens if you pass the prop firm challenge? ›

Upon successfully passing a Prop Firm Challenge, traders may be required to fund their trading accounts with an initial amount. The firm may also have scaling plans that determine how much capital traders can access based on their performance. Understanding these conditions is vital for your success in the challenge.

How to crack prop firm challenge? ›

With the Prop Firm challenges, it's not just about failing or winning. You must be profitable and fulfill certain trading objectives which makes it even harder. Less than 1% of traders who attempt the challenge pass and get funded. It's best to invest in a few challenges.

References

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