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.

Join Free Funded Trading Challenges

These challenges typically involve trading simulated or live accounts with virtual funds provided by the platform. Traders who meet certain performance criteria during the challenge period may be offered funded accounts with real capital upon successful completion.

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?

If you are able to repeatedly pass our Free Trial, then there are chances you can succeed in the full FTMO Challenge as well. This should encourage you to start your journey to become one of our FTMO Traders. Please note that Free Trials don't give you any eligibility to automatically secure your FTMO Account.

1. FTMO. FTMO is one of the most popular forex prop firm challenges, and it is known for its high payout potential. Traders who are able to successfully complete the challenge can receive a funded account of up to $200,000.

Challenge Assessment

To be awarded a funded TTG trading account, you need to pass their training evaluation by meeting set metrics. Within 30 days with a $5,000 account you must: Make minimum $500 profit. Not exceed 10% total account drawdown Once fully passed, traders keep 80% of net profits.

To pass this trading account challenge and secure the position of a prop-funded trader, it is crucial to have an in-depth understanding of the financial markets and the potential to make profitable trades while managing risks effectively.

We see the trader in you

Joining the programme is 100% free and incurs no registration or membership fees*. Axi Select welcomes traders with different abilities, strategies and experiences to make their way to the top through six progressive stages and benefit from profit-sharing up to 90%.

What is the best funded trader program? ›

In summary, the FTMO challenge sees only around a 10% passing rate, with approximately 90% of aspiring funded traders failing evaluations. Strict trading constraints coupled with psychological pressures contribute to low success levels.

At Lux Trading Firm, our Elite Traders Club has the highest pass rate in the industry – so we know what we're talking about! The most common reasons traders fail prop firm challenges are simply overleveraging their trades, not understanding the rules, and not having a profitable trading strategy.

When you are trading with a prop firm, your losses are usually limited to the foregone risk of your challenge/account fee. You are generally not liable for the prop firm's lost funds.

With the Prop Firm challenges, it's not just about failing or winning. You must be profitable and fulfill certain trading objectives which makes it even harder. Less than 1% of traders who attempt the challenge pass and get funded.

Axi Select aims to provide a holistic trading environment, where you can gradually build your skills, and easily track your progress. The goal is to help you naturally grow as a trader with all the right conditions, tools and resources. Here's what we offer: 100% Free to join 0 Registration fees and no hidden costs*

FunderPro: FunderPro is the most popular alternative to FTMO. It has a similar two-step challenge process, but the requirements are slightly more lenient. For example, the FunderPro Challenge requires a 10% profit target in 30 days, while the FTMO Challenge requires a 12% profit target.