Whether you’re new to prop trading or not willing/able to invest money in it yet, this article is for you. I’m going to outline 10 ways to get hold of a free prop firm challenge or even live funds, with zero investment.
There are a number of ways to achieve this, but in this guide, we’re going to look at a few key areas.
For starters, we will be giving a free prop firm challenge every month to our youtube subscribers. Hit the button below to subscribe now!
Prop Firm Explorer
1. Prop Firm Explorer Reward System and Fair Giveaways
Our latest iteration of Prop Firm Explorer offers a range of methods to earn a free account, including:
- Rewards system – Complete tasks and offers to earn points, redeemable for cash or challenges.
- Cashback – Earn points on challenges you buy and use those to get free challenges.
- Provably Fair Giveaways – Enter the fairest giveaways in the industry backed with cryptographic tech.
- Referring users – each time a referred user claims a reward earn $10 in points!
You can also easily explore the best priced challenges to find accounts for as little as $5-10. Head over to get started now.
Prop Firm Competitions
One popular way prop firms like to find the best traders and attract new talent is by running trading competitions. These typically operate in a similar style to the challenges they offer and will include rules such as:
- Drawdown limits – Check for daily and overall drawdown limits. Be sure you understand how they are calculated as well; some are relative, and some are absolute.
- Expert Advisors and Copy Trading – Make sure to check the rules around algo trading if that’s how you trade.
- Winning Criteria – Not all firms only care about raw profit. Many value consistency over the capital gained. Be sure to check how traders are ranked.
- Any Other Rules – There are countless other rules which may be included such as weekend holding, lot size restrictions, consistency rules, and many more. Make sure you understand the rules before starting the competition.
Now let’s look at which firms offer trading competitions.
2. FunderPro Free Monthly Trading Competition
FunderPro are firm offering trades up to $200k of trading funds upon passing a simple two-step evaluation. They are also one of the few places to use the TradeLocker platform, in which you can trade directly on Tradingview.
They run a monthly competition which is limited to 5000 traders and offers a chance to a free challenge up to $200k!
Current prizes include:
- $200k Challenge
- $100k Challenge
- $50k Challenge
- $25k Challenge
- $25k Challenge
- $10k Challenge
- $10k Challenge
- $10k Challenge
3. BullRush Trading Competitions
BullRush is an interesting trading competition platform which gives traders a chance to battle each other for great prizes. Most competitions require a small entry fee, but some are completely free to join and still offer real prizes.
This firm also provides excellent prop trading accounts which back traders with live funds in the real markets. If you haven’t already, check them out below!
4. The 5%ers Free Weekly Competition
The 5%ers are a hugely popular prop firm which was one of the first retail trading firms. Every week they run a free competition which is open to all.
There are 100 prizes up for grabs, with the top 10 winning a free high-stakes two-phase challenge. Here’s an overview of the prizes:
- 1st place: 60K High Stakes
- 2nd place: 20K High Stakes
- 3rd place: 10K High Stakes
- 4th place: 5K High Stakes
- 5th place: 5K High Stakes
- 6th place: 5K High Stakes
- 7th place: 5K High Stakes
- 8th place: 5K High Stakes
- 9th place: 5K High Stakes
- 10th place: 5K High Stakes
- 90 secondary winners: 11-20th Places: 20K Bootcamp | 21-80th Places: $5 HUB CREDITS | 81-100th Places: $5 TTP HUB CREDITS
Get started with The 5%ers free competition by signing up here.
5. City Traders Imperium Competition
City Traders Imperium is a popular UK-based prop firm with years of experience in the industry. They regularly run competitions with prizes ranging from discounts to live-funded accounts.
They completed a world cup for traders on 18th November with the winner receiving a huge $400k live-funded account!
Keep an eye out on their website for future competitions. (Click here to visit City Traders Imperium)
Get a Free Prop Firm Challenge with Giveaways
Every now and then, to raise awareness for a new product or the company in general, a prop firm will do a giveaway. Usually, these can be found by following various firms’ social media and discord channels.
6. Prop Traders Club Social Media Giveaways
We consistently run giveaways across our social media network. This usually just involves liking or commenting on posts to have a chance of winning a free challenge.
We run two types of giveaways:
- Sponsored Giveaways – These are usually larger giveaways that are open for a month. We are provided with accounts to give away from our partnered prop firms in exchange for helping raise exposure for their business. This is a win-win for everyone!
- PTC Funded Giveaways – These are usually smaller giveaways in which we use our own funds to purchase accounts for our members. It could be a random member or a member who is active in the community. (Please do not message us asking for free accounts, however).
To keep up to date with our giveaways give us a follow on X.
7. Prop Traders Club Newsletter
We also provide a free challenge account every month to a random email subscriber. You don’t need to do anything to enter this giveaway except subscribe to our emails! Join below.
Next Prize: 1x $10,000 Challenge with a partnered prop firm.
To enter, simply enter your email below.
Other Ways to Get a Free Prop Firm Challenge
8. Affiliate Marketing / Refer a Friend
Many firms are willing to pay a commission to anyone who can bring traders to their firm. Typically, these firms will pay between 5% and 25% commission to anyone who signs up through your link.
What’s more, most of these firms are also happy to convert the commissions made directly into challenges with their firm. Here are some ideas on how you can promote your link:
- Social Media – This is a popular one. Do you have a lot of traders on your socials? Try to provide value to people by explaining what the benefits are which that particular firm. Avoid spamming as this rarely works.
- Forums – Another popular method is by posting on forums. Either make useful posts about the firm you are promoting or include a link/description in your signature.
- Blog/Website – A blog is a great way to promote firms. It takes a lot of time and effort to get started, but it is well worth the effort in the long run.
9 and 10 + Conclusion
This is far from a complete list. If you have put a lot of work into building a profitable strategy as well as the other vital parts of being a successful trader, there will always be someone looking for you.
There are also other places you can earn money from your skill alone, here are a few more ideas to think about:
- Providing Signal Services – There are a number of ways to get involved in delivering signals or allowing others to copy your trades. Check out the Metatrader signal service, for example.
- Share Your Trade Journal with Firms – If you were wise enough to keep a track of your trades, on MyFXBook for example, try reaching out to various prop firms and ask if they are able to help.
- Take it Offline – Search for proprietary trading jobs in your area. If you are close to a major metropolitan city, there is a good chance of a live trading room searching for profitable traders.
In closing, if you have the ability to make money in the markets, don’t let the lack of capital prevent you from breaking into the industry.
Useful information thanks for sharing prop funded firms links.
Thanks this bas helped me made a living for myself and my family