One of the great things about online prop trading is the ability to break into the trading industry without the need to risk thousands of dollars in capital. Nevertheless, many challenges can still be quite costly, especially for those in low-GDP countries.
Therefore, the reason for this article is to highlight 5 great prop firm challenges that you can start with less than $100. All the prop firms on this list have been verified by us.
So, we have $100 to spend on a prop firm challenge. Let’s see what we can get.
5. FundedNext – $15,000 Evaluation
Price: $99
Whilst on the higher end of our budget FundedNext offers great value with a $15,000 challenge for just $99. This is based on their standard two-phase challenge with profit targets of 10% / 5%.
To top it off, this firm will also pay out 15% of the profits made during the demo challenge. Furthermore, they will also refund the entire fee upon passing the challenge. This means that upon passing the challenge, you will already be able to withdraw over $300!
This is certainly a great option for the budget-conscious trader.
4. The Concept Trading – $1150 Junior Associate (Traditional)
Price: $75
The Concept Trading offers a unique method of funding. The traditional accounts is effectively a single-phase challenge. However, instead of a 10% profit target, there is only a 5% profit target needed to progress to a live account.
Another great aspect of this firm is the speed at which you can grow an account. The account will increase by 50% every time a 5% profit is hit. The maximum amount of capital is also extremely large, going into multi-million dollars.
If you’re looking for a firm with a great scaling plan and simple-to-follow rules, make sure to check out the concept trading.
Current Promotion – 5% Discount
3. Traders with Edge – $5,000 Turtle Challenge
Price: $50
Traders with Edge are an Australian-based prop firm offering multiple funding models. One such model includes the “turtle” challenge which is a single-phase challenge with a full year to complete.
Some other perks of this firm are the regular promotions and competitions they run. Be sure to check out their in-built community/forum for more information on this.
Overall, this is certainly a firm you should check out if you are on a budget.
Current Promotion – 10% Discount
2. My Forex Funds – $5,000 Evaluation
Price: $49
My Forex Funds have a great reputation in the industry and recently launched their $5k accounts which cost just $49 (even less with a discount!). This challenge is based on their extremely relaxed evaluation model which gives traders a generous 12% drawdown.
This firm also has a few more options within our budget of $100 such as the $10k evaluation ($84) or the instant funding option, accelerated, which comes in at $99.
For those on a budget, you can’t go wrong with My Forex Funds.
Current Promotion – 5% Discount
1. My Funded FX – $5,000 Challenge
Price: $50
Similar to My Forex Funds, this firm also offers a $5k account but with MyFundedFX you have an option of single-phase and two-phase. What’s more, both challenges come with zero time limits and no minimum trading days.
Again, MyFundedFX also offers the $10k account which comes in at around $100. Another point to note, this firm is usually always running a promotion so be sure to keep an eye out for discount codes.
If you’re looking for a challenge for under $100, MyFundedFX is certainly a great choice.
Current Promotion – 10% Discount + other perks
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