Cost-Effective Offers from the Cheapest Prop Firms in 2024

At FundedNext, traders have the opportunity to access up to $200,000 in capital by selecting the largest Evaluation package. The firm engages in Forex, indices, and commodities trading, allowing traders to secure a 15% profit right from the start, even during the evaluation period, irrespective of the chosen model.

FundedNext offers an express evaluation model that eliminates time constraints, setting a profit objective instead. Achieving this target enables traders to get a 95% profit split on their earnings.

FundedNext accommodates various trading approaches, including intraday and swing trading, scalping, among others. As long as traders maintain a growth rate above 25% and keep their total losses below 10% of their trading capital, they are poised for advancement with FundedNext.

A standout feature here is the addition of a Dedicated Account Manager for every trader. Consistently positive performance is rewarded with a scale-up strategy, offering a 40% increase in account balance every four months, with a maximum limit of $4 million.

FundedNext is a newly launched global proprietary trading platform, boasting a presence across several countries such as the USA, UAE, UK, and Bangladesh. This company offers an array of assets at exceptionally low commission rates and tight spreads.

It boasts a community of over 97 thousand funded traders who have collectively received payouts exceeding 95 million dollars.

FTMO is a prop firm that offers a whopping $400,000 of trading capital to its legitimate traders. To become an FTMO trader, you need to complete a two-step evaluation process.

The first step is the FTMO Challenge, during which the company checks your trading skills. The second and final step is Verification after which you become an official trader at FTMO. 

For less experienced traders, FTMO offers video tutorials to help them learn how to use the platform and get familiar with forex trading. Additionally, all traders can participate in webinars where they can learn about advanced trading strategies from their experienced counterparts. 

FTMO has a high 9:1 payout ratio, which translates into traders receiving 90% of the profits. Once you pass the evaluation stage and set up your FTMO Account, your trading period is indefinite, and there are no profit targets. 

Furthermore, traders get access to the most popular trading platforms including MT4, MT5, and cTrader. You can trade a wide range of assets -  hundreds of forex pairs, metals, equities, and crypto. Payment options include bank transfers, debit/credit cards, Skrill, Nuvei, and PayU.

FTMO also offers a free trial account. This is a great way to get a better sense of what this firm has to offer before signing up for an official proprietary account and paying fees.

FTMO, founded in 2014 and headquartered in Prague, has a strong reputation for its generous trading capital. It distinguishes itself further by offering round-the-clock customer support through phone and live chat, along with a wealth of online resources and webinars.

PipFarm is a relative newcomer on the market, standing out from the competition with its groundbreaking lifetime loyalty system and a high level of scalability and flexibility in its evaluation programs.

The firm is also among the cheapest on the market, as it only charges a one-time fee, and doesn't force you into subscriptions or requires you to purchase add-ons like some other companies do. The starting price is at a low $50 for an account with $5,000 in funds, which is a really good offer for beginner traders and those that want to start off with a lighter account.

You also have the option to choose between a one-step and a two-step evaluation process. The one-stage evaluation additionally allows you to choose between an account with a 12% trailing drawdown or a 6% static drawdown, while the one-stage evaluation has a 9% static drawdown rule. All accounts come with a tight 3% daily drawdown rule.

While PipFarm is mainly focused on Forex trading, you are also given access to a plethora of other instruments, for instance commodities like metals or Brent Crude Oil, to indices and cryptocurrencies.

The trading platform of choice here is cTrader, which is widely regarded as the most advanced platform on the market, with the best selection of trading tools.

What really makes PipFarm stand out, however, is its groundbreaking lifetime loyalty system, in which you earn experience (XP) and rank up in levels based on your performance, which earns you additional perks like a higher profit share, or an increase to your daily loss limit.

You can also scale up your account up to $1,500,000 with the firm's scaling plan.

All in all, PipFarm offers one of the cheapest and most innovative trading solutions on the market, making it a great choice for experienced traders who don't want to be burdened by subscription fees and hidden costs.

PipFarm was launched in 2023, and is operated by ECI Ventures Pte. Ltd., with headquarters in Singapore. The company aims to provide talented traders with access to institutional capital, all with a low entry price and a highly innovative platform that rewards loyalty and skill.

Darwinex Zero, introduced in April 2023, is a cutting-edge service that offers experienced traders a unique opportunity to build their track record and manage investor capital without risking their own money.

For a monthly subscription of $38, you will gain access to a virtual trading account, allowing you to demonstrate your trading strategies to potential investors.

Darwinex Zero supports the MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms, and is available on both desktop and mobile devices.

As with other firms on our list, the progression through Darwinex Zero is structured into multiple stages, beginning with a training phase where the Darwinex's proprietary risk engine will analyze your trades.

Successful completion of this stage advances you to the DarwinIA Silver stage, where you will compete in a monthly Seed Capital Allocation Programme. Capital allocations in the Silver stage range from $25,000 to $250,000, and you need to manage this capital successfully for three months, while keeping 15% of the profits as performance fees.

Outstanding traders can further progress to the DarwinIA Gold stage, receiving up to $3,000,000 in allocations for six months, with the potential to sell their successful trading strategies to external investors.

Darwinex Zero provides access to over a thousand instruments across various markets, including Forex, CFDs, Futures, Commodities, US stocks, and ETFs. The platform offers advanced analytical tools, algorithmic trading plugins, and API connectivity for enhanced trading strategies.

You can deposit and withdraw funds through a variety of ways, including credit/debit cards, bank transfers, and e-payment services like Skrill. While the educational resources are not as extensive as some competitors, the platform offers valuable training programs and a community forum for knowledge sharing.

Overall, Darwinex Zero empowers traders to grow their skills and establish themselves as professional investment managers in a risk-free environment.

Based in London and regulated by the FCA, Darwinex was built with the idea of democratizing finance by creating a bridge between retail traders and institutional investors.

The company aims to provide a risk-free environment where traders can develop their strategies and prove they can manage capital at scale in order to build their own brands and attract outside investors.