5%ers Logo

5 Prop Firm Challenges under $100

Getting started with prop trading can be expensive if your not careful. Some challenge fees can run into $1000s with no guarantee of any returns. Whether your new to the industry or have limited funds this article is aimed at you. 

This list includes a few different challenge models so there is sure to be something for everyone. 

Here a few more points to think about before purchasing any challenge, regardless of price:

  • Rules – Does the prop firm rules align with your trading strategy? Think about things like time limits, consistency rules, expert advisor/copy trading rules and max total or daily drawdowns. 
  • Reputation – All the prop firms on this site have been vetted and you can feel comfortable joining any on this list, but make sure if your chose one not on this list you do your own independent research as their are a lot of people in this industry who are just after your money. 
  • Payouts – Make sure to check that you are happy with the payout split and methods. Deel is a great choice for many and cryptocurrency payouts suiting a lot of people also. Be sure to check out the payout split as well as it can range from 25% up to 100% with most falling around the 75% area. 
  • Make sure your ready! – The most important point, are you ready to trade? Do you have a solid trading plan? Risk management plan? Have you back tested your strategy? Have you got the right mindset? These are all questions you need to be asking yourself before forking out money for a prop firm challenge. 

So, if you feel your ready to begin your prop firm challenge then read on to find our best selection of budget challenges – all under $100.

5. 5%ers $100k Bootcamp challenge

5%ers Logo

Cost: $86

Model: 3 Phase challenge

Payout Split: 50/50 rising to 100 with scaling

Proptrading.online overall rating: 8.8/10

This challenge model is unique in the fact that they only ask for a small fee to begin the prop firm challenge and ask for the remainder after passing. This is by far one of the cheapest ways to get hold of $100,000 of capital. 

5%ers is also a great long standing prop firm, so you can be sure your money is safe!

4. Bouytrade $1000 Instant funding Account

bouytrade logo

Cost: $68

Model: Instant Funding

Payout Split: 50/50 rising to 90/10 with good trading and scaling

Proptrading.online overall rating: 8.3

Bouytrade offers exclusivley instant funding models. While the account balance is only an initial $1000, the rapid scaling can see this grow up to over $1,000,000!

Bouytrade also has a great reputation, this is one of the few options for successful traders to grow their capital to 7 figures.

3. Finotive Funding $2500 Classic Challenge

finotive funding logo

Cost: $50

Model: 2 Phase challenge

Payout Split: 75/25 rising to 95/5 with scaling

Proptrading.online overall rating: 8.6

Finotive funding has a range of models and challenges available. Their new instant funding model looks extremally promising, but for those on a budget make sure to check out the standard models which have very fair prices.

2. My Forex Funds $5,000 Evaluation Challenge

My Forex Funds Prop firm

Cost: $49

Model: 2 Phase challenge

Payout Split: 75/25 rising to 85/15 month by month

Proptrading.online overall rating: 8.5/10

One of the big players in the industry recently started to offer a $5000 challenge account for just $49. My Forex Funds have some of the most relaxed rules around with a huge max drawdown of 12% and reasonable profit targets of just 8% and 5%.

1. Traders with Edge $5000 Turtle Challenge

Traders with edge logo

Cost: $44 (With 20% Discount)

Model: Single phase challenge

Payout Split: 80/20

Proptrading.online overall rating: 8.7/10

Number 1 on this list goes to Traders with Edge, a relatively new prop firm which has a lot of promise.

They are currently running a promotion which offers up to 20% challenges by sharing their link on social media. This coupled with a huge 365 day time limit and a single phase challenge makes this an option not to be missed!

Traders with edge logo

5 Ways to get a free prop firm challenge

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 

PropTrading.online $100k Competition

We are holding a competition to give one lucky trader a free $100k My Forex Funds account. Simply enter your name and email below to be entered into the competition.

 

Subscribe for a chance to win a free $100,000 challenge account with My Forex Funds!

For full details and Terms visit:
https://proptrading.online/proptrading-online-competition/

1. The Funded Trader Monthly Competition

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

City Traders Imperium logo

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:

3. MyFundedFX 10k Challenge give away

MyFundedFx logo

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!

 

4. The Funded Trader Weekly Chess Competition

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

Traders with edge logo

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!

Bonus! - FundingU

fundingU logo

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.