Best Cheapest Prop Trading Firms in 2025
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If you're too busy to read the entire article and want a quick answer, the cheapest prop firm is Hola Prime. Why? Here are its key advantages:
- Is legit in your country (Identified as United States
) - Has a good user satisfaction score
- Low fees with high execution reliability
- High liquidity
Cheapest prop companies are:
- Hola Prime - A prop trading firm licensed by the FSC of Mauritius that provides funding up to $500,000 with the potential to scale accounts to $4 million
- SabioTrade - Best for those who want to work as non-staff traders with up to 90% of profit
- Instant Funding - Prop firm offering instant funding with account sizes up to $80,000
- GoatFundedTrader - A proprietary trading firm registered in Saint Lucia and Hong Kong, offering simulated capital of up to $400,000 for Forex and CFD trading.
- Earn2Trade - Convinient scaling plans (relatively low profit goal, account upgrades after withdrawing first profit target)
Have you ever dreamed of trading full-time but lacked the capital to do so? Funded trading accounts offer a solution by providing traders with funds to allow them to put their strategies to the test.
In this analysis, we will walk through the most affordable options for funded accounts. Fees vary widely between programs, as do crucial aspects like profit-sharing and evaluation paths. Beyond cost, however, numerous other factors require consideration. Experience and performance carry greater weight than expense alone. An inexpensive program loses value without proper guidance or a reasonable chance of profit. Therefore, we also identify features like educational support, risk management guidelines, and payout structures.
Сheapest prop firms
We compared the prop firms with the lowest challenge participation fees. Additionally, for these companies, we compared other useful evaluation parameters such as profit split, the maximum funding amount, and trading instruments.
| Funding Up To, $ | Profit split up to, % | Min Trade Days | Free Evaluation | Demo | Open an account | |
|---|---|---|---|---|---|---|
| 4 000 000 | 95 | 2 | No | No | Open an account Your capital is at risk.
|
|
| 200 000 | 90 | No time limits | No | Yes | Open an account Your capital is at risk.
|
|
| 2 500 000 | 90 | 3 | No | No | Open an account Your capital is at risk.
|
|
| 2 000 000 | 95 | 3 | No | No | Open an account Your capital is at risk.
|
|
| 400 000 | 80 | 10 | No | No | Open an account Your capital is at risk. |
Cheapest trading challenges conditions
Choosing a prop company with the most favorable trading conditions is a key factor in increasing profits and optimizing costs. Below is a table where we have collected prop trading firms with the cheapest trading conditions. This will help you quickly evaluate the available options and choose the optimal platform for trading.
Prop firms with the cheapest trading conditions
| Managed amount, USD | Price, USD or EUR | Daily loss, % | Max. loss, % | |
|---|---|---|---|---|
|
5 000 |
65 |
3 |
6 |
|
|
20 000 |
119 |
5 |
6 |
|
|
5 000 |
49 |
3 |
8 |
|
|
15 000 |
114 |
4 |
6 |
|
|
25 000 |
75 |
2,2 |
6 |
What are funded trader costs?
Funded trader programs provide access to trading capital in exchange for a share of profits. These programs typically involve several costs, including evaluation fees, monthly subscriptions, and trading commissions.
Evaluation fees. Most funded trading programs require traders to pass an evaluation to demonstrate their skills. The fees for these assessments vary based on the account size selected, ensuring traders are assessed appropriately for their goals.
Monthly subscriptions. Traders often pay a recurring fee for access to trading platforms, real-time data, and other essential resources. These fees depend on the services offered and the account size chosen, ensuring the trader has the tools needed for success.
Commissions and platform costs. After funding, traders are responsible for covering trading commissions and, in some cases, platform fees. These costs can impact overall profitability, so understanding them is crucial for long-term success.
Is there a free prop firm account?
While most proprietary trading firms require traders to pay evaluation fees to access funded accounts, there are some opportunities to secure accounts without upfront costs. These options often include free trials, promotional challenges, or performance-based refunds.
Free trials and demo accounts. Some firms offer free trials or demo accounts, allowing traders to practice and demonstrate their skills in a simulated trading environment. These trials are usually available for a limited time and provide an opportunity to understand the firm’s trading conditions without any financial commitment.
Promotional challenges. Certain firms run competitions or challenges where traders can participate without paying an entry fee. Successful participants may receive funded accounts as a reward, offering a cost-free way to start trading with firm capital.
Fee refunds on success. Some firms refund evaluation fees once traders pass the challenge and start trading live accounts. This approach reduces the financial risk for skilled traders who meet the firm’s criteria.
What to look for when choosing funded trading programs?
When choosing a funded trading program, there are several factors to consider in addition to the lowest costs. Here's what you need to pay attention to:
Reliability. Look for a program offered by a reputable and trustworthy proprietary trading firm. Check their track record and read reviews from other traders.
Initial capital amount. Funded account sizes vary, so choose a program that provides enough capital to trade based on your strategy and financial objectives.
Trading platforms and tools. Ensure that the program offers reliable and user-friendly trading platforms and tools that are suitable for your trading approach.
Profit target and profit share. Understand the program's profit-sharing arrangement and the percentage of profits you can keep. Look for a fair and transparent profit-sharing ratio.
Educational resources and support. Consider the program's offerings in terms of webinars, mentorship, coaching, and access to advanced trading tools. A supportive environment can significantly enhance your chances of success.
Risk management. Choose a program that emphasizes risk control and provides risk management strategies to help you minimize potential losses.
Funding progression based on performance. Some programs offer opportunities for funding progression as you demonstrate consistent profitability. Understand the rules and requirements for advancing to higher funding levels.
Withdrawal conditions and payout methods. Check the program's fees, withdrawal conditions, and available payout methods to ensure they align with your preferences and needs.
By considering these factors, you can choose a funded trading program that not only offers low costs but also provides the necessary support, resources, and opportunities for growth to help you succeed in the trading industry.
How to make the most of funded trading
Here are five tips for beginners to make the most of funded trading:
Develop a profitable and tested strategy
One of the core aspects of becoming a successful funded trader is having a profitable strategy. Backtest your strategy over a significant period, such as five years of data or 50 trades, to ensure its viability.
Believe in your trading ability
To become a funded trader and handle a significant amount of capital, you need to have confidence and belief in your own trading ability. This is crucial, as 90% of traders lose 90% of their capital in the first 90 days.
Create a trading routine
Establish a daily trading routine that includes checking the news, marking important price zones, and identifying high and low levels for the day. A well-defined routine can help you stay focused and make better trading decisions.
Set realistic goals and manage risk
When trading with funded capital, it's essential to set realistic profit targets and manage your risk effectively. Enter positions with lower risk and exposure, and be prepared for the unpredictability of the market.
Treat trading like a business
Approach funded trading as a full or part-time business, not as a hobby or a job. Develop a trading plan with entry, exit, and money management criteria, and use technology to your advantage. This will help you stay organized, disciplined, and focused on your long-term goals.
Access to reliable trading platforms, and analysis tools can improve your efficiency
When choosing a proprietary trading firm, focus on understanding their funding models and risk management rules. Some firms offer direct capital access, while others require passing evaluations. Select a firm that aligns with your trading style and risk tolerance, ensuring you can meet their criteria without compromising your approach.
Evaluate the firm’s technology and support systems. Access to reliable trading platforms, real-time data, and analysis tools can improve your trading efficiency. A firm that provides advanced technology shows its commitment to supporting its traders effectively.
Lastly, review the profit-sharing model and fees. A fair profit split and reasonable costs ensure your efforts are well-compensated. Avoid firms with unclear or excessive fees that might hinder your potential earnings. By thoroughly assessing these aspects, you can find a prop firm that supports your growth and trading objectives.
Methodology for compiling our ratings of prop firms
Traders Union applies a rigorous methodology to evaluate prop companies using over 100 quantitative and qualitative criteria. Multiple parameters are given individual scores that feed into an overall rating.
Key aspects of the assessment include:
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Trader testimonials and reviews. Collecting and analyzing feedback from existing and past traders to understand their experiences with the firm.
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Trading instruments. Companies are evaluated on the range of assets offered, as well as the breadth and depth of available markets.
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Challenges and evaluation process. Analyzing the firm's challenge system, account types, evaluation criteria, and the process for granting funding.
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Profit split. Reviewing the profit split structure and terms, scaling plans, and how the firm handles profit distributions.
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Trading conditions. Examining leverage, execution speeds, commissions, and other trading costs associated with the firm.
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Platform and technology. Assessing the firm's proprietary trading platform or third-party platforms it supports, including ease of use, functionality, and stability.
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Education and support. Quality and availability of training materials, webinars, and one-on-one coaching.
Conclusion
Choosing the right prop firm should be based on a thorough analysis of the terms and understanding of their key features. Commission levels, account fee structure, and scalability can all significantly impact your profitability. It’s not just the profit sharing percentage that needs to be considered, but also additional incentives such as increased funding and profit share. A successful choice will allow you to focus on trading while minimizing costs and risks. When analyzing the available options, focus on your goals and experience to find the best balance between costs and benefits. This approach will help you confidently build a career in trading with the support of a reliable prop firm.
FAQs
Should you use funded trading accounts?
Funded trading accounts can be beneficial for traders looking to access capital without a significant initial investment. However, their value depends on the specific terms of the funding program, including profit sharing agreements and risk management rules.
Are funded trading programs legal?
Funded trading programs are generally legal, but traders should exercise caution and research the program carefully before participating. Legitimate programs usually have clear terms, risk management guidelines, and a history of paying out profits to traders.
What happens if I lose all the money in a funded trading account?
If a trader loses all the money in a funded trading account, the consequences can vary depending on the terms of the program. In some cases, a trader may be required to cover the losses, while other programs may provide a reset or recovery option.
How much does a funded trader make on average?
The average income of a funded trader can vary significantly depending on trading skills, market conditions, and the terms of the program. There is no set amount, and traders can earn anything from modest to substantial.
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Team that worked on the article
Maxim Nechiporenko has been a contributor to Traders Union since 2023. He started his professional career in the media in 2006. He has expertise in finance and investment, and his field of interest covers all aspects of geoeconomics. Maxim provides up-to-date information on trading, cryptocurrencies and other financial instruments. He regularly updates his knowledge to keep abreast of the latest innovations and trends in the market.
Chinmay Soni is a financial analyst with more than 5 years of experience in working with stocks, Forex, derivatives, and other assets. As a founder of a boutique research firm and an active researcher, he covers various industries and fields, providing insights backed by statistical data. He is also an educator in the field of finance and technology.
As an author for Traders Union, he contributes his deep analytical insights on various topics, taking into account various aspects.
Mirjan Hipolito is a journalist and news editor at Traders Union. She is an expert crypto writer with five years of experience in the financial markets. Her specialties are daily market news, price predictions, and Initial Coin Offerings (ICO).
Cryptocurrency is a type of digital or virtual currency that relies on cryptography for security. Unlike traditional currencies issued by governments (fiat currencies), cryptocurrencies operate on decentralized networks, typically based on blockchain technology.
Trading involves the act of buying and selling financial assets like stocks, currencies, or commodities with the intention of profiting from market price fluctuations. Traders employ various strategies, analysis techniques, and risk management practices to make informed decisions and optimize their chances of success in the financial markets.
A broker is a legal entity or individual that performs as an intermediary when making trades in the financial markets. Private investors cannot trade without a broker, since only brokers can execute trades on the exchanges.
Risk management is a risk management model that involves controlling potential losses while maximizing profits. The main risk management tools are stop loss, take profit, calculation of position volume taking into account leverage and pip value.
Proprietary trading (prop trading) is a financial trading strategy where a financial firm or institution uses its own capital to trade in various financial markets, such as stocks, bonds, commodities, or derivatives, with the aim of generating profits for the company itself. Prop traders typically do not trade on behalf of clients but instead trade with the firm's money, taking on the associated risks and rewards.
