What are the Cheapest Prop Firms in 2024? (February Update) (2024)

Unlike a couple of years ago, there are now a large number of proprietary trading firms on the market. Each of them has its own characteristics, trading rules, profit split schemes and access prices to their funded accounts, so finding the cheapest prop firm is not an easy task.

Moreover, not all prop trading firms are reliable. Some of them will immerse the trader into a never-ending challenge with the sole aim of keeping their access fees instead of testing their strategy and risk control and then letting them manage their capital in a live account and mutually profit from it.

To help you find the cheapest prop firms we have put together this comparison table where we list only the most reliable and reputable prop firms among traders around the world. To make it easy for you to compare them and find the one that best suits your preferences we have included their main features and pricing plans focusing on the access fee of an average account with a funded capital of $50,000.

We will make a separate comparison between those prop trading firms with a one-off payment for accessing the evaluation process and those with a monthly recurring payment.

Prop Firm 50k Balance / Fee Challenge Steps Profit Split Profit Target Max. Drawdown Instruments Leverage Visit

Dragon Challenge Account

50k balance for $205

Other account sizes:
5k balance for $49
10k balance for $99
25k balance for $135
100k balance for $355
200k balance for $495

3 steps

80% by default and up to 90% with scaling plan.

8% (Phase I).
5% (Phase II).
5% (Phase III).

5% Maximum Daily Loss.
10% Maximum Loss.

Forex, Indices, Commodities, Metals and Cryptocurrencies.

Up to 1:30.

15%
OFF

Coupon

CEASER Show Code

15% Off Coupon Code on The Funded Trader

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What are the Cheapest Prop Firms in 2024? (February Update) (2)

Royal Challenge Account

best overall

50k balance for $289

Other account sizes:
100k balance for $489
200k balance for $939
300k balance for $1399
400k balance for $1869

2 steps

80% by default and up to 90% with scaling plan.

8% (Phase I).
5% ( Phase II).

5% Maximum Daily Loss.
10% Maximum Loss.

Forex, Indices, Commodities, Metals and Cryptocurrencies.

Up to 1:200.

15%
OFF

Coupon

CEASER Show Code

15% Off Coupon Code on The Funded Trader

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What are the Cheapest Prop Firms in 2024? (February Update) (4)

Stellar Challenge

50k balance for $299

Other account sizes:
6k balance for $59
15k balance for $119
25k balance for $199
100k balance for $519
200k balance for $999

1 step or 2 steps
(same price with different trading rules)

80% by default and 90% with scaling plan.

15% Profit share from challenge phase.

1 Step:

10%

2 Steps:

8% (Phase I).
5% ( Phase II).

1 Step:

3% Max Daily Loss (Balance Based).
6% Max Overall Loss.

2 Steps:

5% Max Daily Loss (Balance Based).
10% Max Overall Loss.

Forex, Indices, and Metals.

1 Step:

1:30

2 Steps:

1:100

5%
OFF

Coupon

5BESTOFF Show Code

5% Off Coupon Code on FundedNext

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What are the Cheapest Prop Firms in 2024? (February Update) (6)

E8 Account

50k balance for$338

Other account sizes:
25k balance for$228
100k balance for$588
250k balance for $988

2 steps

80%

8% for Step 1.
5% for Step 2.

5% Daily Drawdown.
8% Overall Drawdown.

You can scale your overall drawdown up to 14%

Forex, Commodities, Indices, Equities, and Cryptocurrencies.

FX Majors up to 1:100.
FX Exotics up to 1:50.
Commodities and Indices up to 1:50.
Cryptos up to 1:5.

10%
OFF

Coupon

ELLIOTE8 Show Code

10% Off Coupon Code on E8 Funding

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What are the Cheapest Prop Firms in 2024? (February Update) (8)

50k balance for €345

Other account sizes:
10k balance for€155
25k balance for€250
100k balance for€540
200k balance for €1080

2 steps

In non scaled accounts: 80% for the trader.
In scaled accounts: 90% for the trader.

10% for Step 1 and 2 in Normal Mode.
20% for Step 1 and 10% for Step 2 in Aggressive Mode.

Normal Mode:
5% Maximum daily loss.
10% Maximum loss.
Aggressive Mode:
10% Maximum daily loss.
20% Maximum loss.

Forex, Indices, Commodities, Cryptocurrencies and Stocks.

Up to 1:100.

50k balance for $399

Other account sizes:
10k balance for $99
20k balance for $179
100k balance for $999

1 step

60% to 80% (depending on the level of scaling plan).

8%

5% (Daily drawdown).
10% (Max trailing drawdown).

Forex, CFDs, Indices, Commodities, Stocks and Crypto.

1:30.

50k balance for $400

Other account sizes:
25k balance for $250
100k balance for $700
250k balance for $1.8k
500k balance for $3.5k
1m balance for $6.5k

1 step

75%
(or 90% with add-on purchase)

10%

5% (Daily loss limit).
8% (Max trailing drawdown).

Forex, Stocks and Crypto.

1:10 Forex, 1:5 Stocks and 1:2 Crypto.

10%
OFF

Coupon

EM10OFFSTX Show Code

10% Off Coupon Code on SurgeTrader

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What are the Cheapest Prop Firms in 2024? (February Update) (12)

Instant Funding Account

50k balance for $559

Other account sizes:
$10,000 balance for $159
$25,000 balance for $299
$75,000 balance for $799
$100,000 balance for $949

1 step

50% to 100%

9%

5% Absolute Drawdown

Forex, Crypto, Commodities and Major Index Stocks.

Up to 1:10.

10%
OFF

Coupon

CTI10% Show Code

10% Off Coupon Code on City Traders Imperium

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What are the Cheapest Prop Firms in 2024? (February Update) (14)

As you can see with the above data it is easy to quickly define which is the cheapest prop firm. If we base it only on the price, we could say that the cheapest one is the first in the list and that is because its price is the cheapest but it is also the one with the longest challenge and with more steps. That is why it is good that you compare all the options and choose the one that can be more balanced for you and your characteristics as a trader.

On our website you can also see this comparison of the best no evaluation prop firms with instant funding. The prices are usually higher than those offered by these proprietary trading firms with evaluation but in exchange you can start trading on a funded account from the very first moment.

What are the Cheapest Prop Firms in 2024? (February Update) (2024)
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