How To Get A Free Prop Firm Challenge Account For Forex - FundingTraders Blog (2024)

There are unique opportunities to get a free prop firm challenge account for forex. The current competition in the prop firm industry has created new offers to attract traders. Many forex prop firm challenge offers include smaller accounts, lower challenge fees, and refunds upon passing.

However, some “free prop firm challenges” may not be exactly free. Forex traders may have to settle for lower profit splits, poorer trading conditions, or extended trial periods.

As an aspiring trader, you can leverage your skills and talents to pass a prop firm challenge. Then, receive a refund for the challenge fee on your first payout.

>> Funding Traders encourages everyone to select free-trial accounts and evaluate the platform in a risk-free environment. After a complete due diligence with the free account, sign up for our live challenge accounts and leverage:

  • Up to $2M funded accounts
  • No-time period challenge accounts
  • No-commission challenges
  • Support for news trading
  • Rapid 7-day payouts

Here’s how to get a free prop firm challenge account for forex trading.

Select Your Account Size

First, select your challenge account size to trade in forex. Prop firms offer a wide variety of free challenge accounts to cater to different traders. Select your preferred account size – based on your expertise, requirements, and trading goals. Additionally, evaluate available drawdown types to select a free challenge best suited for your trading objectives.

At Funding Traders, you can select a challenge account with varying capital, including:

  • $10K challenge account
  • $25K challenge account
  • $50K challenge account
  • $100K challenge account
  • $200K challenge account
  • $300K challenge account
  • $500K challenge account

>> Skilled traders can also sign up for our Apex and Elite challenge accounts to manage $1M and $2M funded accounts.

While selecting a challenge account, you should also determine if the prop firm aligns with your trading strategies. Plus, check the available leverage on your challenge account to increase your earnings. Definitely, contact a reputable forex prop firm for different free challenge accounts.

Sign Up For Discounts And Giveaways

Next, sign up for exclusive discounts, giveaways, and contests to get free prop firm challenge accounts. Many prop firms offer consistent discounts and giveaways to reward skilled traders. Small-scale proprietary firms often require traders to promote their social media handles in return for discounts. Meanwhile, industry-leading prop firms like Funding Traders offer exclusive discounts to all traders – without completing any milestones.

Here are a few discount offers available for our challenge accounts:

  • Use “BLOG” for 30% off
  • Use “Blueberry” for 30% off+90% profit split
  • Use “2024” for 24% off + 90% profit split
  • Use “FEB1” for 25% off

Similar to discount offers, you can also participate in trading contests to get free challenge accounts. These contests reward traders with high returns, strong risk management compliance, and proven skills. Join our online communities to receive the latest updates on discounts, trading contests, and free challenge account giveaways.

Definitely, look for exclusive discounts and giveaways to get free prop firm challenge accounts for forex trading.

Pass Your Prop Firm Challenge For 100% Refund

Pass your prop firm challenge to get a 100% refund and a free forex-funded account. Often, prop firms structure their payout policies to refund the initial fee – creating a mutual trust level with the trader. Meet the challenge conditions, profit targets, and drawdown limits to pass your challenge. Plus, you should also demonstrate strong risk management to complete the evaluation process successfully.

Some cheapest prop firms with free challenge accounts set high-profit targets and drawdown limits – restricting many traders from getting a refund. Meanwhile, Funding Traders offers a stress-free evaluation period with simple rules to pass the challenge.

Meet these challenge objectives and get your 100% refund of the initial fee:

  • 1-Step Profit Target: 10%
  • 2-Step Profit Target (Phase 1): 10%
  • 2-Step Profit Target (Phase 2): 5%
  • 1-Step Daily Drawdown: 4%
  • 1-Step Maximum Drawdown: 5%
  • 2-Step Daily Drawdown: 5%
  • 2-Step Maximum Drawdown: 10%

>> At Funding Traders, all challenge accounts offer no time limits – allowing traders to take as many days to pass the challenge. Once passed, we process a 100% refund of your joining fee along with the first payout.

Indeed, join a free prop firm that offers a 100% refund of the challenge account fees.

Request Account Review For Exclusive Discounts

Request an account review to receive support and exclusive discounts. When buying a challenge account, you can add the “Account Review” addon during checkout. This gives you added guidance and support on your challenge performance. Whether you pass or fail, the accounts department will provide:

  • A written report for performance analysis
  • Actionable plans to improve strategy
  • Scheduled call to discuss development
  • An exclusive discount on the next purchase

By establishing a nurturing relationship with your forex prop firm, you can pass your challenge and get a refund on the fees. Even though your first challenge might not be a free account, you can get a free prop firm challenge account by passing future challenges. Certainly, sign up with a prop firm that offers exclusive opportunities and discounts by nurturing relationships with traders.

Keep Up To 100% Profit Split

Keep up to 100% profit split with your free forex prop firm challenge account. Often, free challenge accounts offer a limited profit split, restricting your earning potential. In some cases, you may only be eligible for 40% of the earned profit – while the company keeps 60% of the split.

With these prop firm payout policies, you only get to keep a lower profit percentage. Funding Traders rewards traders’ winning performance with comparatively higher profit split. By default, all traders are eligible for 80% profit in their favor.

>> You can also sign up for exclusive add-ons during checkout to keep up to 90% or 100% of earned profit on your funded account. To access your winnings faster, you can even request fast 7-day payouts and get your profit split within a week.

Indeed, choose a free prop firm challenge account with up to a 100% profit split.

There are several opportunities to get a free prop firm challenge account for forex trading. First, select a challenge account size that best suits your trading goals, requirements, and preferred strategies. To get a free challenge account, join the prop firm’s online communities and look out for exclusive discounts.

You can also pass your prop firm challenge to get a 100% refund on your initial joining fees. You can also get the exclusive “account review” add-on to get a performance analysis report – along with an additional discount on your next challenge account. Finally, you can keep up to a 100% profit split with your free challenge account.

Ready to get a forex funded account? Click here to start your free prop firm challenge trial.

How To Get A Free Prop Firm Challenge Account For Forex - FundingTraders Blog (2024)

FAQs

How To Get A Free Prop Firm Challenge Account For Forex - FundingTraders Blog? ›

First, select a challenge account size that best suits your trading goals, requirements, and preferred strategies. To get a free challenge account, join the prop firm's online communities and look out for exclusive discounts. You can also pass your prop firm challenge to get a 100% refund on your initial joining fees.

How to get a prop firm account for free? ›

One way to start prop trading without paying a dime is to enter trading contests, where you can compete with other traders and show your skills. These are great opportunities to test your trading strategies, get feedback, and win prizes. Monitor or research different prop firms to see who offers this opportunity.

Can I get a funded account for forex for free? ›

Several trading firms and platforms offer free funded trading challenges that allow traders to demonstrate their trading skills and potentially qualify for funded forex accounts. These challenges typically involve trading simulated or live accounts with virtual funds provided by the platform.

How to get a forex trading funded account? ›

How to get a funded trading account
  1. Step 1: Research and Choose a Provider. The first step in acquiring a funded trading account is to research and choose a provider. ...
  2. Step 2: Meet the Eligibility Requirements. ...
  3. Step 3: Submit an Application. ...
  4. Step 4: Pass the Evaluation Process. ...
  5. Step 5: Sign the Agreement and Start Trading.
Mar 18, 2024

How many traders pass prop firm challenge? ›

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. It's best to invest in a few challenges.

What is the free prop firm funding challenge? ›

Enter the free prop firm challenge, a revolutionary concept that allows beginners to showcase their skills and potentially land a funded account with a prop firm, all without risking their own money.

Which prop firm gives free trials? ›

The Best Prop Firms with Free Trials
FirmOverall ScoreProfit share
FTMO4.0390%
Smart Prop Trader3.5785%
Fidelcrest3.580-90%
Finotive Funding3.3575%
1 more row

Are there any free funded trading accounts? ›

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 happens if you lose money on a funded forex account? ›

On a funded account, losing a large amount of money does not mean much. Even if it results in losing your funded account, you can still try to pass the evaluation at the same firm again or just join another one. Ultimately, you do not risk much and do not lose much.

Can anyone get a funded forex account? ›

While funded accounts are available to traders, not everyone may be eligible. Providers often have specific requirements, such as a minimum level of trading experience, a proven trading track record, or the successful completion of a qualifying evaluation phase.

What is the 50K prop firm challenge? ›

The $50K prop firm challenge is a unique opportunity provided by these firms to aspiring traders. In this challenge, traders are given a simulated account with $50,000 in virtual capital. The objective is to generate profits under specific rules and constraints set by the firm.

What prop firm has a 5k account? ›

Funded Trading Plus is a prop firm that offers traders the opportunity to trade with a funded account. They have different account types, but their most affordable option is the Basic account, which costs $99. This account comes with a virtual account ranging from $5,000 to $25,000, depending on the package you choose.

Is myForexfunds legit? ›

CFTC Charges “My Forex Funds” with Fraudulently Taking Over $300 Million From Customers Hoping to Become Professional Traders.

How to crack prop firm challenge? ›

Follow Your Strategy 100%

One of the most crucial aspects of passing a prop firm challenge is having a well-defined trading strategy. A trading strategy is a set of rules that guide your decision-making process in the market. It includes entry and exit criteria, risk management rules, and trade management techniques.

Are prop firm challenges worth it? ›

Participating in a Prop Firm Challenge can be a stepping stone to a successful trading career. The benefits, including improved skills, access to capital, and networking opportunities, make these challenges an attractive option for traders looking to advance in the industry.

How to pass prop firm challenge fast? ›

Tips for Passing a Prop Firm Trading Challenge
  1. Understand the Rules of Engagement: ...
  2. Master Your Trading Strategy: ...
  3. Risk Management is Non-Negotiable: ...
  4. Leverage Your Analytical Skills: ...
  5. Stay Disciplined and Patient: ...
  6. Continuous Learning is the Key: ...
  7. Embrace Feedback and Adapt: ...
  8. Simulate Real Trading Conditions:
Feb 5, 2024

Which prop firm has the lowest fees? ›

Top Best Cheapest Prop Trading Firms
  • 1) Funded Trading Plus.
  • 2) FTMO.
  • 3) TopStepTrader.
  • 4) Fidelcrest.
  • 5) LuxTradingFirm.
  • 6) OneUp Trader.
  • 7) FTUK.
  • 1) Funded Trading Plus.
Apr 4, 2024

How to get a prop firm account? ›

Most prop firms have a two-step evaluation process. The first step is usually a simulated trading challenge, where traders are given a demo account and a set of rules to follow. If the trader passes this phase, they move on to the second phase, which involves trading with real money.

Do you have to pay for prop firm? ›

If you want to trade with a prop firm, you need to start by getting either an instant funding account or an evaluation account. With an instant funding account, you pay a fee, and can start trading immediately. With an evaluation account, you first have to pass a challenge, and then you can begin trading with the firm.

How much money do you need to start a prop trading firm? ›

To summarize, the amount of money you need to open a prop firm can range from $10,000 to $1 million, depending on the type of prop firm, the technology, the registration, the liquidity, and the CRM tool.

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