We compared the best prop firms to find the most affordable options based on 100K two-step challenge fees. Our rankings of the cheapest prop trading firms focus on those that offer the lowest entry costs while maintaining trader-friendly conditions, high profit splits, and flexible payout structures.
We reviewed the cheapest prop trading accounts from reputable prop firms
The cheapest prop trading firms charge the lowest fees for prop challenges while also offering the best conditions for funded accounts, including high profit splits, scaling opportunities, and low trading fees. The most cost-effective prop firms balances affordability with trader-friendly rules, ensuring reasonable drawdown limits, transparent commissions, and flexible payout structures.
Prop Firm Score
Challenge Types
Two Step
Trading Platforms
MT4, MT5, cTrader
Profit Payout
75% – 80%
Why We Recommend IC Funded
IC Funded has the lowest challenge fees among reputable prop firms, starting from just $37 with the PROPFIRMS25 promo code, making it the cheapest option for traders wanting a funded trading account.
Pros & Cons
Prop Firm Details
IC Funded ranked as the cheapest prop firm overall, offering a two-phase evaluation process with challenge fees as low as $49. Backed by regulated forex broker IC Markets, you gain access to their ECN like trading conditions with ultra-low spreads from 0 pips.
By using the exclusive promo code PROPFIRMS25, you can reduce your challenge fees by 25%, cementing IC Funded as the cheapest options for prop trading.
Challenges and Fees
IC Funded offers a structured two-phase challenge that allows you to access a funded account if you pass, with minimal upfront cost. The challenge fees vary by account size, and with the PROPFIRMS25 discount code, fees are as low as $37.
Additionally, traders receive a full refund of their challenge fee upon their first profit withdrawal, making the evaluation process even more appealing.
Below is a breakdown of the evaluation fees before and after the 25% discount:
| Evaluation Level | Account Size | Challenge Fee | Discounted Fee (25% Off) | Max Daily Loss | Max Overall Loss | Profit Targets (%) |
|---|---|---|---|---|---|---|
| Level 1 | $5,000 | $49 | $37 | $250 | $500 | 10%, 5% |
| Level 2 | $10,000 | $99 | $74 | $500 | $1,000 | 10%, 5% |
| Level 3 | $25,000 | $149 | $112 | $1,250 | $2,500 | 10%, 5% |
| Level 4 | $50,000 | $289 | $217 | $2,500 | $5,000 | 10%, 5% |
| Level 5 | $100,000 | $499 | $374 | $5,000 | $10,000 | 10%, 5% |
| Level 6 | $250,000 | $1,249 | $937 | $12,500 | $25,000 | 10%, 5% |
| Level 7 | $500,000 | $2,498 | $1,874 | $25,000 | $50,000 | 10%, 5% |
IC Funded allows you to scale your account up to a maximum of $500,000 as well, offering an opportunity to grow your trading capital over time.
The prop firm also provides access to low forex spreads starting from 0 pips plus $3.50 commission, ensuring cost-effective trading conditions.
To maintain a structured and disciplined approach, IC Funded does enforce a consistency rule that requires you to exhibit steady performance without abrupt changes in trade sizes or strategies.
Any breach of risk management rules, such as exceeding daily or overall loss limits, results in forfeiture of the challenge account.
Additionally, there are no time limits on completing the challenge, allowing traders to progress at their own pace while adhering to the evaluation criteria.
Other Key Details
IC Funded offers a balanced trading environment with flexible conditions that appeal to different trading styles.
Key details include:
Verdict on IC Funded
IC Funded offers one of the most cost-effective prop trading opportunities, especially with the 25% promo code discount. Its backing by IC Markets, low spreads, and flexible trading conditions make it a top choice for traders looking for an affordable funded account. However, the scaling cap at $500K may be limiting for traders seeking higher funding potential.
Prop Firm Score
Challenge Types
Instant, Lightning, One Step, Two Step, Three Step
Trading Platforms
MT4. MT5, DXTrade + TradingView
Profit Payout
Up to 90%
Why We Recommend FXIFY
FXIFY offers some of the lowest challenge fees among reputable prop firms, starting from just $39, making it an affordable option for traders seeking a funded account.
Pros & Cons
Prop Firm Details
FXIFY offers low challenge fees and flexible evaluation options, making it an affordable choice for traders looking to secure a funded account.
With One Phase, Two Phase, and Three Phase challenges, as well as Lightning and Instant Funding options, there are multiple pathways to funding while allowing traders to scale their accounts over time.
Challenges and Fees
FXIFY offers five challenge types, each catering to different trading styles and risk preferences:
FXIFY provides access to scaling opportunities for each challenge type, allowing you to increase your account size by 25% every three months if you meet a 10% profit target with two profitable months.
The prop firm also offers competitive spreads starting from 0 pips, but transparency on actual trading costs could be improved. Traders choosing FXIFY’s raw spreads model will pay a $6 per lot commission on forex, metals, indices, and crypto.
Additionally, you can customize your accounts with add-ons, such as a higher 90% profit split, performance protection, bi-weekly payouts, and increased leverage (up to 50:1 for forex and gold).
Other Key Details
FXIFY combines low-cost evaluations, flexible risk parameters, and multiple platform options to create a well-rounded prop trading experience. While it lacks some transparency on trading costs, its strong community presence, scaling plan, and high-profit potential make it a competitive option.
Verdict on FXIFY
FXIFY is a low-cost, flexible prop firm that appeals to traders who want multiple challenge options and high-profit potential. The scaling plan, payout flexibility, and account customizations add value, but limited transparency on trading costs may be a downside.
Prop Firm Score
Challenge Types
One Step, Two Step, Three Step
Trading Platforms
MT5, ThinkTrader + TradingView
Profit Payout
Up to 90%
Why We Recommend ThinkCapital
ThinkCapital stands out as a broker-backed prop firm with affordable challenge fees starting at $39 and account sizes up to $200K. It offers three evaluation challenges—Lightning, Dual Step, and Nexus—giving traders the choice between a fast-track one-step challenge or structured multi-phase evaluations.
Pros & Cons
Prop Firm Details
ThinkCapital offers a broker-backed prop trading experience with affordable challenge fees and high-leverage options. Traders can choose from three evaluation challenges, each with different risk parameters and profit targets.
Challenges and Fees
ThinkCapital offers three challenge types, allowing traders to choose an evaluation that fits their style and risk tolerance:
ThinkCapital’s scaling plan allows traders to grow their account balance by 20% every three months, with a maximum funding cap of $1M, making it a solid option for those aiming for long-term account growth.
The prop firm offers raw spreads from 0 pips on MT5, though traders using this platform will incur a $4 per lot commission on forex and metals. Alternatively, ThinkTrader users can trade commission-free, but with slightly wider spreads.
Payouts are processed bi-weekly by default, ensuring consistent access to profits, while an optional weekly payout add-on provides even greater flexibility. Traders can also customize their accounts with 90% profit splits, access to news trading, and EA support, tailoring their setup to match their preferred strategy.
Other Key Details
ThinkCapital combines affordable challenges, flexible payouts, and scaling potential with a broker-backed trading environment. Its high-leverage options and bi-weekly payouts make it attractive, but its crypto-only payout method and smaller community may be drawbacks.
Verdict on ThinkCapital
ThinkCapital provides a high-leverage prop trading experience with affordable fees, flexible evaluation options, and rapid bi-weekly payouts. The scaling plan up to $1M, raw spreads, and customizable account add-ons make it an appealing option for traders looking to grow their funded accounts.
Prop Firm Score
Challenge Types
One Step, Two Step, 7 Day
Trading Platforms
MT4, MT5, DXTrade
Profit Payout
80% – 90%
Why We Recommend Blueberry Funded
Blueberry Funded offers low-cost evaluations, starting at just $35, making it one of the most affordable two-step challenges available. Use the exclusive promo code PROPFIRMS25 to save 25% off your challenge fees.
Pros & Cons
Prop Firm Details
Blueberry Funded ranks among the top prop firms, providing multiple evaluation options, competitive spreads, and access to 128 markets, including cryptocurrencies—a feature many firms lack. Traders benefit from profit splits up to 90% and bi-weekly payouts.
Challenges and Fees
Blueberry Funded offers three challenge types, allowing traders to choose a structure that best fits their strategy:
Blueberry Funded’s scaling plan allows traders to increase their account balance by 25% every three months, with a maximum simulated allocation of $2M.
The prop firm offers raw spreads from 0 pips, though forex trades incur a $7 round-turn commission. Profit withdrawals are available every 14 days, and traders can increase their profit split to 90% with consistent performance.
Other Key Details
Blueberry Funded combines affordable fees, diverse market access, and a strong scaling plan to provide a balanced trading experience. While it has strict rules on news trading and limited payment options, its low-cost challenges and crypto market access make it stand out.
Verdict on Blueberry Funded
Blueberry Funded offers some of the cheapest two-step challenges, along with scaling opportunities, crypto trading, and flexible evaluation options. The $2M scaling cap, bi-weekly payouts, and diverse market access make it a strong choice, though strict news trading rules and limited payment methods may be drawbacks for some traders.
Prop Firm Score
Challenge Types
One Step, Two Step, Three Step
Trading Platforms
MT5, MatchTrader, cTrader, DXTrade
Profit Payout
80% – 90%
Why We Recommend Seacrest Funded
Seacrest Funded offers a range of low-cost trading challenges, with one-step evaluations starting at just $50. This makes it one of the most affordable entry points for traders looking to secure a funded account.
Pros & Cons
Prop Firm Details
Seacrest Funded (previously known as MyFundedFX or MFFX), provides a mix of one-step, two-step, and three-step evaluations, catering to different risk levels. While its leverage is lower than competitors, the firm’s active trading community, flexible payouts, and competitive spreads create a balanced trading environment.
Challenges and Fees
Seacrest Funded offers four challenge types, allowing traders to choose an evaluation structure based on their experience level and risk preference:
Traders can increase their profit split to 90% by paying 20% extra on their challenge fee. Seacrest Funded also offers a scaling plan, increasing account size by 25% every three months for traders who meet a 12% profit target over 90 days.
While spreads start from 0 pips, commission fees vary by platform, with MatchTrader offering the lowest trading costs at $3 per lot.
Other Key Details
Seacrest Funded offers low-cost evaluations, flexible payouts, and an engaged trading community. However, lower leverage (1:30) and restrictions on algo trading may be drawbacks for some traders.
Verdict on Seacrest Funded
Seacrest Funded is a great choice for traders looking for a low-cost one-step challenge, with quick payouts and strong community engagement. The scaling plan, 90% profit split upgrade, and multiple trading platforms add flexibility, but lower leverage and EA restrictions may not suit every trader.
Prop Firm Score
Challenge Types
Instant, One Step, Two Step
Trading Platforms
MT5, MatchTrader, cTrader, DXTrade
Profit Payout
80% – 90%
Why We Recommend CTI
City Traders Imperium (CTI) combines low fees, a monthly trader salary, and profit splits of up to 100%. The prop firm provides multiple funding options and a scaling plan for long-term growth.
Pros & Cons
Prop Firm Details
CTI offers multiple challenge types, including instant funding for traders who want to skip evaluations. Funded traders receive a monthly salary based on account size, providing financial stability. The Golden Trader Loyalty Program rewards consistent performance with higher profit splits, faster payouts, and coaching.
Challenges and Fees
CTI offers four different challenge types, allowing traders to choose an evaluation that fits their style and risk tolerance:
| Challenge Type | Audition Fees | Account Sizes | Max Time Limit | Min Active Trading Days | Profit Target | Max Drawdown | Profit Share |
|---|---|---|---|---|---|---|---|
| 2-Step Evaluation Process | $39 - $519 | $2.5k - $100k | Unlimited | 5 Days | 10%, 5% | 10% | 80-100% |
| 1-Step Evaluation Process | $29 - $449 | $2.5k - $100K | Unlimited | None | 10% | 6% | 80-100% |
| Instant Funding | $69 - $1,499 | $2.5k - $80k | Unlimited | None | 10% | 6% | Up to 100% |
| Instant Funding Pro | $299 - $4,799 | $5k - $80k | Unlimited | None | 10% | 6% | Up to 100% |
CTI is also one of the few prop firms that pays a monthly salary to funded traders on top of their profit share. Salaries scale with account size, starting from $12.50 per month and going up to $500 per month for a $100K account.
CTI also offers a scaling plan, allowing traders to grow their capital allocation up to $2M by meeting profit milestones.
Other Key Details
City Traders Imperium provides a structured approach to funding, offering multiple evaluation types, a unique trader salary, and a scaling plan up to $2M. Traders benefit from bi-weekly payouts, a loyalty rewards program, and access to an active trading community for support and growth.
Verdict on City Traders Imperium
City Traders Imperium offers a unique mix of profit splits up to 100%, instant funding options, and a trader salary program, making it ideal for those seeking both short-term payouts and long-term capital growth.
Prop Firm Score
Challenge Types
Two Step
Trading Platforms
BrightFunded Trading Platform
Profit Payout
80% – 100%
Why We Recommend BrightFunded
BrightFunded stands out with its Trade2Earn loyalty program, rewarding traders for their activity regardless of trading outcomes. The firm also offers unlimited scaling with high profit splits, allowing traders to grow their accounts over time. Use the exclusive promo code PROPFIRMS26 for a 26% discount on your challenge fees.
Pros & Cons
Prop Firm Details
BrightFunded provides multiple evaluation options and customization features, making it one of the most flexible prop firms. Traders can choose from different challenge structures and add-ons to tailor their experience, including faster payouts, higher profit splits, and reduced minimum trading days.
Challenges and Fees
BrightFunded offers a three-phase evaluation, with account sizes ranging from $5,000 to $200,000. Traders can also select from various challenge add-ons for increased flexibility.
Traders can enhance their evaluation with optional add-ons:
BrightFunded also offers a scaling plan, increasing account size by 30% every four months, provided traders meet profit targets and complete two payouts.
Other Key Details
BrightFunded provides a fully customizable evaluation, an active trader community, and flexible payout structures.
Verdict on BrightFunded
BrightFunded is a good prop firm for traders looking for long-term growth with its unlimited scaling plan and loyalty rewards program. The flexible evaluation structure, fast payouts, and high-profit splits make it one of the most trader-friendly prop firms.
Prop Firm Score
Challenge Types
Instant, One Step, Two Step, Three Step
Trading Platforms
MT5, MatchTrader
Profit Payout
80% – 100%
Why We Recommend The 5%ers
The 5%ers provide a mix of evaluation programs with account scaling up to $4 million and profit splits as high as 100%. The firm offers trading across forex, indices, commodities, stocks, and crypto, making it one of the most diversified prop firms.
Pros & Cons
Prop Firm Details
The 5%ers is a well-established prop firm offering multiple challenge structures, each catering to different trader preferences. The firm stands out for its ability to scale accounts up to $4 million and offers instant funding through its Hyper Growth program. While it maintains a high TrustPilot rating, some concerns exist regarding its pricing transparency and trading conditions.
Challenges and Fees
The 5%ers offers four main challenge types, each with different risk levels and evaluation steps:
Other Key Details
The 5%ers provides a structured funding model, high profit splits, and multiple trading challenges to accommodate different trader needs.
Verdict on The 5%ers
The 5%ers is a strong choice for traders looking for account growth, high profit splits, and diversified market access. The firm’s variety of challenges allows traders to choose between gradual progression, instant funding, and high-stakes trading. However, its higher trading costs, limited platform options, and lack of transparency on spreads may be a drawback for traders prioritizing low-cost execution.
Prop Firm Score
Challenge Types
Instant, One Step, Two Step
Trading Platforms
DXTrade, Match-Trader, cTrader, MT4, MT5
Profit Payout
80% – 90%
Why We Recommend FTP
Funded Trading Plus offers a variety of funding options, including One-Phase, Two-Phase, and Instant Funding challenges. With account sizes reaching $200,000 and profit splits between 80% and 90%, traders have flexibility in their growth.
Pros & Cons
Prop Firm Details
Funded Trading Plus (FTP) is a London-based prop trading firm that provides a structured evaluation process with multiple challenge formats. With flexible payout schedules (3, 5, or 7 days) and optional profit split upgrades (up to 90%), it is one of the more adaptable firms for traders.
Challenges and Fees
Funded Trading Plus offers three primary challenge types:
Other Key Details
Funded Trading Plus balances flexible evaluation structures with competitive profit splits and scaling potential.
Verdict on Funded Trading Plus
Funded Trading Plus stands out for its flexible challenge types, quick payout processing, and account scaling opportunities. However, the lack of transparency on spreads and higher costs for instant funding could be concerns. If you’re looking for an adaptable funding model with strong community support, Funded Trading Plus is a solid option.
Prop Firm Score
Challenge Types
One Step, Two Step
Trading Platforms
MT4, MT5, cTrader, TradingView
Profit Payout
80% – 95%
Why We Recommend FundedNext
FundedNext stands out with profit splits up to 95%, profit payouts, and a range of challenge models including Evaluation, Express, and Stellar. With scaling up to $4 million, it’s designed for prop traders seeking both structured growth and fast funding options. Use code PROPFIRMS to get your challenge fee refunded—100% back plus an extra 20% in cash as a reward.
Pros & Cons
Prop Firm Details
FundedNext is a well-regarded proprietary trading firm, offering a range of evaluation programs that provide access to funded accounts from $5,000 to $200,000. With profit splits starting at 80% and increasing up to 95%, traders can earn substantial returns on their performance.
Challenges and Fees
FundedNext offers three main challenge types:
Other Key Details
FundedNext provides competitive features, but strict trading rules may require careful management.
Verdict on FundedNext
FundedNext offers a variety of funding challenges catering to different trader preferences. The ability to scale up to $4 million and profit splits of up to 95% make it an attractive choice for experienced traders.
To identify the cheapest prop firms, we focused on the cost of their 100K Two-Step Challenge accounts. This challenge type is one of the most common across prop firms, making it a fair and direct comparison. We ranked firms purely based on their fees, ensuring a straightforward look at affordability.
This list highlights the most cost-effective firms that also meet our quality benchmarks, helping traders find the best balance between price and trustworthiness.
| Prop Firm | Fee for 100K Two Step Challenge | Rank |
|---|---|---|
| IC Funded | $499 | 1 |
| FXIFY | $499 | 2 |
| ThinkCapital | $499 | 3 |
| Blueberry Funded | $500 | 4 |
| Seacrest Funded (MyFundedFX) | $500 | 5 |
| City Traders Imperium | $519 | 6 |
| BrightFunded | €495 | 7 |
| The 5%ers | $545 | 8 |
| Funded Trading Plus | $547 | 9 |
| FundedNext | $549 | 10 |
| DNA Funded | $549 | 11 |
| FTMO | €540 | 12 |
| OANDA Prop Trader | $599 | 13 |
| The Trading Pit | $999 | 14 |
However, price alone isn’t enough. To maintain quality standards, we excluded low scoring prop firms in our overall rankings. Our scoring system considers factors like trading rules, profit payouts, platform options, and transparency. By filtering out lower-rated firms, we ensure that traders get both affordability and reliability.
While our list focuses on the best prop trading firms, some did not meet the criteria to be included. Firms like Lark Funding and OneUp Trader received overall scores between 50/100 – 65/100. While they are legitimate and functional, they do not offer the same level of value, reliability, or trader-friendly conditions as the firms in our top rankings.
These firms tend to struggle in a few key areas such as:
Prop trading firms that score below 50/100 during our testing process typically have serious concerns such as unclear payout policies, high challenge fees, poor customer support, or restrictive trading rules. Prop firms such as Goat Funded Trader, Alpha Capital, and Funding Pips fall into this category as we found them to offer less attractive evaluation processes and funded accounts to traders.
For traders looking for the most cost-effective, reliable, and high-payout prop firms, we recommend choosing those that score above 80/100 in our rankings. You can explore our full list of the best prop firms to find the most trusted options.
The cheapest prop firms based on 100K two-step challenge fees are IC Funded, FXIFY, and ThinkCapital, all priced at $499. Blueberry Funded and Seacrest Funded (aka MyFundedFX) follow closely at $500. These firms not only offer low challenge fees but also provide competitive profit splits, reasonable drawdown limits, and strong funding options.
The most trusted prop firm is DNA Funded with an overall trust score of 97/100, scoring 10/10 in challenges, spreads, and trust due to its low fees, 80%-90% profit splits, and being broker backed by DNA Markets. It offers fast execution, clear trading rules, and reliable payouts, making it the top choice for traders. BrightFunded follows closely with a score of 95/100, with scalable funding and profit splits up to 100%.
The fastest payout prop firm is FXIFY, offering instant withdrawals after the first profitable trade and a default monthly payout schedule, which can be upgraded to bi-weekly payouts with an add-on. With a profit split up to 90% and flexible challenge options, FXIFY provides traders quick access to earnings.
The best prop firms in 2025 are DNA Funded, BrightFunded, and Blueberry Funded, offering low fees, high profit splits, and strong funding opportunities.
DNA Funded is the best prop firm overall for 2025 with fees from $49, profit splits up to 90%, and flexible challenges. BrightFunded allows traders to scale profit splits up to 100%, while Blueberry Funded provides access to 100+ financial markets with low-cost challenges.
Proprietary trading firms fund traders with firm capital, allowing them to trade financial markets like forex, stocks, and commodities without risking personal money. Prop traders must pass an evaluation, meeting profit targets and risk limits, to access a funded account. In return, profits are shared, typically 80%–90% for the trader.
The evaluation process in prop trading firms is designed to test your trading skills before granting access to a funded account. Most firms follow a one-step or two-step challenge model, where you must meet a profit target while staying within risk management limits like drawdowns and maximum losses. To understand the rules and requirements in more detail, it’s important to know how prop trading challenges work. Passing the evaluation allows you to trade with firm capital while earning a profit split.
