5 Ways to get a free prop firm challenge (Updated) - PropTrading.online (2024)

No money to buy a prop firm challenge? Or not ready to invest in one yet? Check out this post for options available to get started trading without spending a penny.

There are a few ways to get hold of free capital or challenges to trade such as:

  • Trading Competitions – You receive a demo account and those who perform best, under certain rules, will win a prize such as a challenge or live account.
  • Social media competitions – The prop firm industry is growing rapidly and many new firms are coming out each month. A lot of these are happy to reward people for bringing in new traders.
  • In-House competitions – After choosing a prop firm to trade with, keep an eye out for competitions they may offer, The Funded Trader are great for this!
  • Facebook groups – Its best to join as many related Facebook and other social media groups as possible to be sure not to miss any giveaways

Prop Traders Club Competition

Prop traders club are running multiple giveaways, including 2x $15k FundedNext Evaluation Accounts!

Sign up Now (Free)

The Funded Trader Giveaway - $10,000 Challenge Account!

The current giveaway is sponsored by The Funded Trader

For Details See Here.

(UPDATE): Joint 1. The Funded Trader treasure hunt

5 Ways to get a free prop firm challenge (Updated) - PropTrading.online (1)

This is a fantastic way to earn a free or heavily discounted prop firm challenge. With this method, you earn points/coins for completing various tasks. Tasks can include liking or sharing content such as YouTube videos or signing up for their competition.

There are tons of rewards and even a cool spin feature.Sign up today by clicking here.

(UPDATE): Joint 1. Alpha capital group Competition

5 Ways to get a free prop firm challenge (Updated) - PropTrading.online (2)

Prove your skills in one of the newest prop firm trading competitions. There are only around 300 traders left in the December competition, so you have great chances of earning a place at the top!

Prizes include:

1. $100,000 Alpha Pro Challenge

2. $50,000 Alpha Pro Challenge

3. $25,000 Alpha Pro Challenge

(UPdate): Joint 1. The prop firm competition and giveaway facebook page

The prop traders club community have recently launched a Facebook page dedicated to highlighting free competitions, giveaways and other promotions in the prop trading industry. Like the page to get updates!

1. The Funded Trader Monthly Competition

5 Ways to get a free prop firm challenge (Updated) - PropTrading.online (3)

The Funded Trader has a competition open to everyone in which they give away free challenges as well as great discounts for purchasing challenges.

The competition runs every month and provides a demo account to each participant, who must than prove their trading abilities and climb the leaderboard. At the end of the month those in the top 10 or so positions will receive a prize ranging from 50% discounts to a free $200k challenge!

2. City Traders Imperium Monthly Competition

5 Ways to get a free prop firm challenge (Updated) - PropTrading.online (4)

The second competition on our list is held my City Traders Imperium, a prop firm operating out of the UK.

The compeition prizes are as follows:

  • 1st Place:$100,000 Live Funded Account.
  • 2nd Place:$50,000 Live Funded Account.
  • 3rd Place:$25,000 Live Funded Account.
  • 4th Place:$10,000 Live Funded Account.
  • 5th Place:1 Free Challenge.
  • 6th Place:1 Free Challenge.
  • 7th Place:1 Free Challenge.
  • 8th Place:75% Discount on $50K Challenge
  • 9th Place:50% Discount on $50K Challenge
  • 10th Place:25% Discount on $50K Challenge

3. MyFundedFX 10k Challenge give away

5 Ways to get a free prop firm challenge (Updated) - PropTrading.online (5)

A relatively new prop firm to the scene is MyFundedFX, and they are offering a completely free 10k challenge for inviting new members to their discord channel.

With a 5% profit target for phase 1 and a 4% for phase two, this could be one of the best ways to get a live account completely free!

UPDATE: This promotion may be over, however, they regularly run similar promotions as well as hosting a monthly trading competition. Head over now to see whats available!.

4. The Funded Trader Weekly Chess Competition

5 Ways to get a free prop firm challenge (Updated) - PropTrading.online (6)

The Funded Trader has another spot on this list with their weekly chess competition held every Saturday. To participate you must have previously purchased a challenge from them, but its certainly a great opportunity to boost your capital, or get another free challenge after failing previously.

They offer two levels beginners and professionals based on your chess.com rating. with the winner of each receiving a free challenge.

5. Traders with Edge 50k account giveaway

5 Ways to get a free prop firm challenge (Updated) - PropTrading.online (7)

Traders with edge currently have an promotion in which they are giving away numerous 50K challenges.

To enter simply register on their website and look out for the email for your personalized link, then watch a video, then you are in the draw – Simple!

UPDATE: This promotion may be over, but they also host a free monthly trading competition with plenty of prizes!

Bonus! - FundingU

5 Ways to get a free prop firm challenge (Updated) - PropTrading.online (8)

FundingU is a not-for-profit company aimed at helping traders achieve their goals. As well as offering paid challenges they also offer a free entry to a certain number of traders each month.

The trader will need to pass a “pre-challenge” before being given the standard 2-phase challenge.

Why not check out the Prop traders club verified firm list?

5 Ways to get a free prop firm challenge (Updated) - PropTrading.online (9)
5 Ways to get a free prop firm challenge (Updated) - PropTrading.online (2024)

FAQs

How to get a free prop firm challenge account? ›

Monitor or research different prop firms to see who offers this opportunity. For example, at RebelsFunding, you can join the monthly trading contests for free and trade on the RF-Trader for a certain period of time. If you reach the profit target and follow the rules, you can win a funded account and even cash prize.

How to pass prop firm challenge easily? ›

Tips for Passing a Prop Firm Trading Challenge
  1. Understand the Rules of Engagement: ...
  2. Master Your Trading Strategy: ...
  3. Risk Management is Non-Negotiable: ...
  4. Leverage Your Analytical Skills: ...
  5. Stay Disciplined and Patient: ...
  6. Continuous Learning is the Key: ...
  7. Embrace Feedback and Adapt: ...
  8. Simulate Real Trading Conditions:
Feb 5, 2024

Which prop firms are giving free accounts? ›

Which prop firms give a free trial? FunderPro, FTMO, UltraCap Trading are some of the best options for traders who want to join a prop trading firm that offers free trials or demo accounts.

What is the pass rate for prop firm challenges? ›

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?

How to pass prop firm challenge quora? ›

The secret to passing prop firms:
  1. Strong trading strategy.
  2. Effective risk management.
  3. Consistency in performance.
  4. Meeting evaluation criteria.
  5. Patience and discipline.
Feb 16, 2024

Which prop firms offer free trials? ›

Prop Firms that Offers Free Trials for Trading
  • E8 Funding. E8 Funding is a relatively new player in the prop trading scene, having started its journey on November 5, 2021. ...
  • FTMO. ...
  • Alpha Capital Group. ...
  • City Traders Imperium. ...
  • Audacitycap. ...
  • TradeThePool. ...
  • Topstep. ...
  • SmartPropTrader.
May 10, 2024

Can I get a free FTMO challenge? ›

We offer a Free Trial account, which is an abridged version of an FTMO Challenge. The purpose of the Free Trial is to serve our new clients to see how it works and assess their trading skills to see if they have what it takes to pass an FTMO Challenge and Verification.

What is the $1 million prop firm challenge? ›

The 1 Million Dollar Prop Trading Firm Challenge with FundedX is not just an opportunity; it's a pathway to financial triumph. It allows traders to access substantial capital, share in the profits they generate, and ultimately advance their careers in the trading world, with the support of FundedX.

Which prop firm is better than FTMO? ›

FTMO 's top competitors in June 2024 are: FunderPro, the5ers and more. FunderPro is currently rank as the number one on the list of top Forex Prop Firms.

Which prop firm offers instant funding? ›

FTUK is a reputable prop firm with instant funding accounts, which attracts seasoned traders who want to access large trading capital without a lengthy evaluation process. The funding range is from 14k to 5 million USD with a profit share of 80% and maximum leverage of 1:100.

How to get a free funded forex account? ›

How Axi Select works
  1. Register. Join the programme for free - register for a Live trading account with no signup or membership fees.* ...
  2. Trade. Deposit at least $500 USD into your account, start trading and achieve an Edge score of at least 50.
  3. Get funded.

How many people pass the funded account challenge? ›

It's estimated that only 4% of forex traders successfully pass forex prop firm challenges, with only 1% of traders holding onto their funded accounts for the long term by not violating any rules. This number may surprise you, but it's actually built this way by design.

How many people pass FTMO? ›

There is estimated to be a 90% fail rate of traders that take the FTMO challenge. The reason behind this is due to traders chasing the profit target with a time restriction in place.

How much does FTMO cost? ›

Minimum Deposit. Another important aspect of the FTMO 200k account price is the minimum deposit required to start trading. The minimum deposit for the $200,000 account is $5,000. This means that once you have paid the $485 fee, you will need to deposit an additional $5,000 to start trading.

Is it easy to pass 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 to clear prop firm challenge? ›

To avoid this pitfall, you should treat the challenge as if it was real money. You should respect the rules of the prop firm, follow your trading plan, and trade with discipline and patience. You should also keep track of your performance and emotions, and review them regularly.

Is it illegal to pass a prop firm challenge for someone else? ›

Here's why:Breach of Contract: Prop firm challenges are designed to assess your own trading skills and knowledge. Having someone else complete the challenge undermines this purpose and likely violates the terms and conditions of the prop firm agreement.

Is there any free prop firm challenge? ›

Bespoke Funding Program

Luckily, the landscape is evolving. Enter the free prop firm challenge, a revolutionary concept that allows beginners to showcase their skills and potentially land a funded account with a prop firm, all without risking their own money.

How many people fail prop firm challenges? ›

Studies have shown that around 4 out of 10 people pass the first stages of any Prop Firm Challenge, and 2 out of the 4 make it through to get a Funded Account. But only 1 person ends up getting paid.

Which prop firm is the cheapest? ›

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

Are prop firm challenges free? ›

Benefits of Free Prop Firm Challenges

Zero Financial Risk: Unlike traditional funded accounts that require upfront fees, free challenges allow you to test your mettle and hone your strategies without any financial commitment.

Can I get a funded account for free? ›

Several trading firms and platforms offer free funded trading challenges that allow traders to demonstrate their trading skills and potentially qualify for funded forex accounts. These challenges typically involve trading simulated or live accounts with virtual funds provided by the platform.

How much does a prop firm account cost? ›

In most cases though one can expect to pay a flat monthly fee, set up fee and in some cases a fee per account. Once again, each software provider varies with their pricing with some only charging per demo. As a general rule one should expect to pay at least $50,000 to operate a prop firm for one year.

What is the cheapest prop firm? ›

Top Best Cheapest Prop Trading Firms
  • 1) Funded Trading Plus.
  • 2) FTMO.
  • 3) TopStepTrader.
  • 4) Fidelcrest.
  • 5) LuxTradingFirm.
  • 6) OneUp Trader.
  • 7) FTUK.
  • 1) Funded Trading Plus.
Apr 4, 2024

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