- What Is A Prop Firm Free Trial?
- Why Take A Free Trial?
- Our Top Prop Trading Firms with Free Trial
- Comparison Table of Prop Firms with Free Trial
- FTMO
- SurgeTrader
- Topstep
- Elite Trader Funding
- Lux Trading Firm
- Final Thoughts
Due to the increasing popularity of prop trading in recent years, there are lots more proprietary firms for you to choose from. Whilst that does give you lots of variety in terms of trading challenges and funded account, it does make it harder to choose the best prop firm for your needs. This is where a prop firm trial can come in handy.
Prop Firms with Free Trial
What Is A Prop Firm Free Trial?
A prop firm free trial does exactly what it says. It enables you to try out the prop firm for a specified number of days without needing to pay anything upfront. This is a way to make sure that they have everything you need to succeed before taking part in a paid trading challenge or getting an instant funded account. Most prop firms will allow you one free trial but you can always try a few different prop firms with free trials to compare them with each other.
There are some limitations to think about when it comes to free trials. Primarily, they are not offered by many prop trading firms. This is because it takes them time and money to get each prop trader setup. The free trial will probably only last a few weeks which might not be enough time to judge the quality of the prop firm. Passing a trial trading challenge will not get you access to a funded account so don’t expect any share of profits.
Prop Firms with Free Trial
Why Take A Free Trial?
Despite the restrictions that prop firm trials can have, there are still many distinct advantages that make them worthwhile. Mainly, you can get a feel for the trading conditions and customer support. This will give you an idea as to whether you will be able to pass their trading challenges and get help when you need it. It can also be a great way to compare prop firms if you have a few in mind but cannot make a decision which to choose.
Prop Firms with Free Trial
Our Top Prop Trading Firms with Free Trial
OnlyFunds Review
OnlyFunds provide funded trading accounts with a large 90% profit share, along with straightforward and fair trading conditions to ensure a level playing field for all traders.
9.7
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FTMO Review
FTMO is an award-winning prop trading firm where you can take part in challenges to qualify to trade the company’s capital and receive up to $2 million in funds and keep 90% of profits. The company provide you with support along the way and will even cover the losses.
9.3
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SurgeTrader Review
SurgeTrader accelerates your path to becoming a professional trader by putting real capital into live accounts for you to trade. They have a good variety of funded trader programs where you can keep up to 90% of the profits if you successfully pass the audition phase and scale up to $500K.
9
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Topstep Review
For retail traders, Topstep is the one of the best funded account options. Their objective is to provide a secure environment where traders may turn their passion into a profession and securely participate in and earn from the financial markets. Topstep look to produce better traders, with healthier habits, through learning by doing. Trade up to $150,000 in capital and share 90% of profits.
8.7
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Lux Trading Firm Review
Lux Trading Firm is a London based prop firm offering account funding up to $200,000 and an aggressive scaling program up to $10,000,000, with profit sharing up to 75%.
8.5
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Elite Trader Funding Review
Elite Trader Funding give traders the chance to receive live funding based on how well they perform in simulated accounts. You can trade multiple accounts (up to 20) under one login, choose from several evaluation options and keep 80% of all profits.
8
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Prop Firms with Free Trial
Comparison Table of Prop Firms with Free Trial
Prop Firms with Free Trial
FTMO
You can give the FTMO Challenge a full trial run absolutely free. FTMO are the leading prop trading firm in the industry. They pay out a generous 90% of profits and have funded accounts that can be scaled up to $2,000,000 if you pass the evaluation phase.
| Step 1. FTMO Challenge | Step 2. Verification | Step 3. FTMO Trader | |
|---|---|---|---|
| Trading Period | 30 days + 14 days | 60 days | indefinite |
| Minimum Trading Days | 10 days | 10 days | x |
| Maximum Daily Loss | $500 | $500 | $500 |
| Maximum Loss | $1,000 | $1,000 | $1,000 |
| Profit Target | $1,000 | $500 | x |
| Free Repeat | Yes | Yes | x |
| Refundable Fee | €155 | free | refund |
The evaluation process begins with the FTMO Challenge. To go to the Verification level, you must be successful here. The FTMO Challenge lasts for 30 calendar days, and the Verification lasts for 60. You do not have to wait for the remaining period days if you are able to complete the Trading Objectives sooner The FTMO Challenge is condensed into the Free Trial account with identical trading terms.
Pros
- One-time fee only (no recurrent charges or other fees)
- No limits or restrictions on your trading style
- Choice of platforms (MT4, MT5, cTrader)
- Access to some handy trading apps designed to help you with risk management and profit maximization
- Trade Forex, Commodities, Indices, Crypto, Stocks, Bonds
- No limits on the volume traded (lot size)
- Leverage up to 1:100
- FTMO’s scaling plan allows their most skilled traders access to up to $2 million of trading capital
- A thorough account analysis for every account
- The fee will be reimbursed to you with the first Profit Split
- Customer Support in 17 languages
- The most trusted and reputable Prop Trading Firm in the industry
- So many traders have used FTMO over the years that there is an incredible amount of trader-generated resources available, including lots of great advice on how to pass the FTMO Challenge
Cons
- Strict requirements for the test period
- Steep 10% profit target for the first step of the FTMO evaluation, however, it eventually drops to 5% for the second verification stage
- FTMO keeps all traders on demo accounts, even those that have passed the FTMO Challenge and become fully funded
- In order to receive a funded account, traders must first pass the FTMO Challenge, followed by a verification stage
9.3
FTMO Best seller
FTMO is an award-winning prop trading firm where you can take part in challenges to qualify to trade the company’s …
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Prop Firms with Free Trial
SurgeTrader
Experience the SurgeTrader Audition just like you would as a registered trader with the same conditions, spreads and environment. Free trials start with a default balance of $100,000 and traders are entitled to only one free trial per person.
| Starter – $25K | Intermediate – $50K | Seasoned – $100K | Advanced – $250K | Expert – $500K | Master – $1M | |
|---|---|---|---|---|---|---|
| Account Type | Standard | Standard | Standard | Large | Large | Large |
| Profit Share | 75% | 75% | 75% | 75% | 75% | 75% |
| Profit Target (10%) | $2,500 | $5,000 | $10,000 | $25,000 | $50,000 | $100,000 |
| Daily Loss Limit | 4% | 4% | 4% | 4% | 4% | 4% |
| Max Trailing Drawdown | 5% | 5% | 5% | 5% | 5% | 5% |
| Audition Fee | $250 | $400 | $700 | $1,800 | $3,500 | $6,500 |
Whilst SurgeTrader deliver some of the best customer support in the prop trading industry, to accommodate the large number of support requests in the funded trader program, limited support is available to free trial accounts.
Pros
- Simple, straightforward trading rules
- No minimum trading days
- No 30-day assessment period
- Scale up from $25K all the way to $500K
- One-Time fee with no ongoing costs
- No restrictions on trading strategies
- 1 step evaluation process
- Good choice of trading instruments
- Trade on both MT4/MT5 platforms
- Handy trader dashboard
- Realistic profit target set at 10% of the total account balance
- After passing the audition you will start trading directly on a live account, with real profits and losses taken by the company, no demo accounts
- You will have access to a free 30-day membership with BKForex, which includes daily trading signals, tools, indicators, webinars and more
- Quick withdrawals and no minimum or maximum amount restrictions, which can be requested at any time once a month
- Very generous profit share that goes all the way up to 90%
- Free trial of the audition upon request
Cons
- A stop-loss is required for each trade
- All positions must be closed on Friday
- Maximum open size of 1 lot per $10,000 of the account balance
- 5% maximum trailing drawdown
- Low leverage 10:1, 5:1 and 2:1
9
SurgeTrader
SurgeTrader accelerates your path to becoming a professional trader by putting real capital into live accounts for you …
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Prop Firms with Free Trial
Topstep
Topstep let you begin with the free 14-day trial if you are not yet prepared to be reviewed for funding. There is no credit card required to sign-up, just a short online form to complete and you will be up and running in minutes.
| $50k | $100k | $150k | |
|---|---|---|---|
| Monthly Price | $165/month | $325/month | $375/month |
| Profit Target (Per Step) | $3,000 | $6,000 | $9,000 |
| Maximum Position Size | 5 Contracts | 10 Contracts | 15 Contracts |
| Daily Loss Limit | $1,000 | $2,000 | $3,000 |
| Trailing Max Drawdown | $2,000 | $3,000 | $4,500 |
The Topstep free trial lets you gain the confidence you need trading futures with no risk. At any time, you can enter the trading evaluation to earn access to trading capital up to $150,000 and share 90% of profits.
Pros
- Not much capital needed to start
- Account reset option available
- Free 14-day trial to enter program
- Excellent choice of professional trading platforms
- Keep up to 90% profits with a 50% account balance withdrawal available
- A real focus on improving trading skills via the Trading Combine program
- Great range of educational resources, community access, coaching and live webinars
- Quick evaluation process. Step 1 can be completed in just five trading days, and Step 2 no longer has a minimum days requirement
- Respected prop firm with many years in the business and millions of dollars of trader withdrawals
Cons
- No forex trading
- No MetaTrader platforms
- Very complicated account options and trading conditions
- No weekend positions
- Futures instruments only
- Withdrawals are limited to ACH or international bank wire transfers
- Higher monthly fixed costs because of exchange data fees
- Quite strict rules to follow
8.7
Topstep
For retail traders, Topstep is the one of the best funded account options. Their objective is to provide a secure …
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Prop Firms with Free Trial
Elite Trader Funding
Elite Trader Funding provide a 14-day free trial so you can practise trading on a simulated account in preparation for your review. A 250K Fast Track account will be made available to you for your trial. A trial account does not meet the requirements for an elite account. Each trader is only permitted one trial.
| Maximum capital | $300,000 |
| Profit split | Up to 80% |
| Scaling | No |
| News trading | Yes |
| Weekend trading | No |
| Automated trading | No |
| Free trial | Yes |
| Maximum leverage | N/A |
Pros
- Access to multiple exchanges and products
- Trade multiple accounts (up to 20) under one login
- Several trader evaluation options
- Keep 80% of all profits after your first $12,500
- Optional evaluation reset fee is only $75
- Automatic free evaluation account resets on monthly subscription renewal if account is failed
- Ninjatrader, Tradovate, Tradingview and other professional platforms
- Get funded in just 5 trading days
- Flexible trading strategies allowed
- Free trial available
Cons
- Relatively new prop trading firm
- Lack of individual stock instruments
- No MetaTrader platforms
- No overnight or weekend trading
- Copy trading not allowed
- Maximum 80% profit share
8
Elite Trader Funding
Elite Trader Funding give traders the chance to receive live funding based on how well they perform in simulated …
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Prop Firms with Free Trial
Lux Trading Firm
Lux Trading Firm is a London based prop firm offering account funding up to $200,000 and an aggressive scaling program up to $10,000,000, with profit sharing up to 75%. They provide excellent trading conditions through partnership with a regulated brokerage where you can trade a variety of financial instruments.
There is the option of a free 7-day trial with Lux Trading Firm. You can select the trading platform that you wish to use during the trial. They have an excellent choice including TraderEvolution, TradingView and MetaTrader 4.
Pros
- Trade up to $10 million
- Large increase in capital every time you advance
- Quick scaling plan
- No time limit on profit target
- Flexible trading conditions
- Overnight trading and weekend holding allowed
- News trading allowed
- Expert advisors accepted
- Lots of tradable assets
- Realistic profit targets
- Excellent choice of trading platforms
- Tight spreads, low fees and fast execution
- 100% refundable fee
Cons
- 5% maximum relative drawdown
- 75% profit share low compared to competitors
- No MetaTrader 5 platform
- Maximum 1:10 leverage
8.5
Lux Trading Firm
Lux Trading Firm is a London based prop firm offering account funding up to $200,000 and an aggressive scaling program …
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Cheapest Prop Firms
Pros & Cons of Free Trial Prop Firms
Pros
- Get a feel for the trading conditions without paying anything upfront
- Make sure your trading strategy is allowed
- See if the trading objectives are realistic
- Practice your trading strategies with no risk
- See how good or bad the prop firm support is
- Compare prop firms with each other
Cons
- You will still need to pay a fee to take part in a challenge after your trial
- Free trials are limited to a couple of weeks
- There are not many prop firms with free trials
Cheapest Prop Firms
Final Thoughts
Taking part in a prop firm free trial can be a perfect way to see if they are a match for you. With more and more proprietary trading firms popping up all over the place, it can seem overwhelming when trying to decide which one you should use. A free trial is a safe and risk-free way to get a feel for what they have to offer before making a commitment.
However, they are usually limited in terms of the funded accounts you can choose and how long they last. You will also not be funded with a real account if you pass the challenge and of course, will not get a share of any profits. If you are short on capital, you might want to consider our cheapest prop firms instead.
