Top 5 Affordable Futures Prop Firms for 100K Accounts (2024)

One aspect that often poses a challenge is the cost associated with joining prop trading firms, especially for traders venturing with 100K accounts. This article sifts through the financial layers to list the top five futures prop trading firms, emphasizing affordability for maintaining 100K accounts with 2-step challenges. These rankings are based on standard pricing, excluding any temporary discounts, as discounts may fluctuate over time, but the standard price offers a more accurate benchmark for comparing affordability.

Significance of Pricing Structure in Futures Prop Trading Firms

In the trading world, the pricing structure of a firm determines the accessibility of the platform for various traders. Affordability in futures prop trading firms lowers the entry barrier for new traders, facilitates access to larger capital, and may reduce financial stress, allowing traders to focus more on strategy and performance. Moreover, for prop traders, especially those managing 100K accounts, budgeting extends beyond personal finances, encompassing trading fees, potential profit splits, and the cost of additional services. Therefore , a firm's affordability is a key component in a trader's decision-making process, directly impacting their potential for profit and longevity.

Below, we highlight the five most cost-efficient Futures Prop Trading firms for traders specifically seeking 100K account sizes and 2-step challenges:

#1 Elite Trader Funding: $75/month

Starting with the most budget-friendly option, Elite Trader Funding is a US-based prop trading firm, offering a 100K account at $75 per month with an $80 per month activation fee. Members benefit from professional trading platforms like NinjaTrader, Tradovate, TradingView, and Rithmic. Additionally, the firm supports trading in markets like CBOT, COMEX, CME Group, and NYMEX. They offer several evaluation options, retaining 90% of all profits after the first $12,500 earned. Their evaluations range from a 10K to a 300K evaluation, each with different terms regarding max positions, profit targets, and trailing drawdowns. Moreover, they offer a wide range of trading instruments across various asset classes including equity futures, interest rate futures, agriculture, currency futures, cryptocurrency futures, and metals.

#2 Apex Trader Funding: $137/month

Apex Trader Funding, based in the United States, offers a platform for traders via Rithmic and Tradovate. Apex Trader Funding positions itself in the affordability spectrum with a $137 monthly fee. However, there is an $85/month activation fee or a one-time activation fee of $220 involved. Apex Trader Funding offers a funded trader program where individuals can receive 100% of the first $25,000 per account and 90% beyond that, with two payouts per month. The program allows qualification in as little as 7 days and provides real-time data, simple risk management rules, and the ability to trade full-sized contracts in evaluations or funded accounts. There are no daily drawdowns, and trading is allowed on holidays and during news announcements. They offer multiple funding plans with starting capital ranging from $25,000 to $250,000, each with different contract sizes, profit goals, and trailing thresholds.

#3 My Funded Futures: $200/month

My Funded Futures is a proprietary trading firm based in the United States and has been in business from 2023. At $200/month, My Funded Futures presents a middle-ground solution with a one-time activation fee of $149. The firm operates on platforms like Rithmic and Tradovate. They offer a wide range of trading instruments across various asset classes including equity futures, interest rate futures, currency futures, agricultural futures, energy futures, metal futures, micro futures, and cryptocurrencies. The firm invites traders to demonstrate their trading skills and get funded within a very short period, sometimes as quickly as one trading day. It offers a profit-sharing model where the first $10,000 of profit is entirely the trader's to keep, with a 90% share of the profits thereafter. This firm is focused on futures trading, and along with their sister company, My Funded FX, has, over time, garnered a community of over 50,000 active traders with a total pay-out exceeding $10,000,000.

#4 TradeDay: $275/month

TradeDay, headed by CEO James Thorpe, is a US-based proprietary trading firm founded in 2020 and is registered in Illinois, USA. The company also maintains a presence in the UK. TradeDay, with its $275 monthly fee and no activation, approaches the higher end of the affordable spectrum. They operate on platforms such as Tradovate, NinjaTrader, TradingView, and Jigsaw, collaborating with broker CME Group. In addition to their 100K account, they have a one-step challenge priced for a 150K account size, offering a 90% profit split. TradeDay allows traders to enter live markets immediately upon successful evaluation, without imposing any setup fees. The company calculates its trailing drawdown limit based on end-of-day balances, rather than intraday balances, and imposes no restrictions or requirements on withdrawals. Additionally, TradeDay provides an extensive array of resources, including institutional-grade research, live market commentary, daily morning meetings, and complimentary coursework.

#5 Earn2Trade: $315/month

Down in the list is Earn2Trade, a proprietary trading firm based in the USA, offering a $100K trading account for a monthly fee of $315 and a one-time activation fee of $139. Established in 2017, the company focuses on funding traders who specialize in Futures trading, including various CME (Chicago Mercantile Exchange) assets, such as Micros. Earn2Trade operates through Phillip Capital, EdgeClear, and Advantage Futures as their brokers. The range of instruments available for trading through Earn2Trade encompasses Equity Futures, Foreign Exchange Futures, Agricultural Futures, Energy Futures, Interest Rate Futures, and Metals Futures. Commissions are structured with a maximum of $0.54 per side for full-size contracts and $0.46 per side for micro contracts. Other fees include a Rithmic Platform Fee of $0.10 per side, NFA Fee of $0.02 per side, and platform-dependent Trading Platform fees. Additionally, Earn2Trade offers no leverage, adopting a one-to-one (1:1) approach, where the trading account balance serves as the sole buying power.

Summary

Affordability is a crucial pillar in the selection of a futures prop trading firm, and our list analyses the affordability of various futures prop trading firms for traders handling 100K accounts, pinpointing five firms that provide competitive pricing. Elite Trader Funding emerges as the most budget-friendly choice at $75/month. On the higher end of the affordability scale are TradeDay and Earn2Trade, charging $275 and $315 per month, respectively. Ultimately, the choice of a trading firm must align with individual financial strategies, trading goals, and desired market engagement levels. By considering these firms, traders invest in themselves, strategically aligning with platforms that are cost-effective. A careful balance between cost and value is the key to a sustainable trading career.

Top 5 Affordable Futures Prop Firms for 100K Accounts (2024)

FAQs

Top 5 Affordable Futures Prop Firms for 100K Accounts? ›

Apex Trader Funding is the best futures prop trading firm on this list for a variety of reasons, but most notably because it boasts the highest pass rate for its evaluation program out of all the futures prop firms on this list. It is also by far the most friendly option for beginner futures traders.

Which prop firm has the cheapest price? ›

Best cheap forex prop firms
  • FTMO: evaluations starting at $399.
  • TopStepTrader: Challenges starting at $375.
  • T4tCapital: Flexible evaluation options starting at $299.
  • Funded Trading Plus: Starting at $25.
  • Earn2Trade: $99 Mini challenge.
  • True Trading Group: $49 evaluation with a $25,000 virtual account.
Feb 27, 2024

What are the best funded prop firms for futures? ›

Some of the best prop firms for futures are:
  • FTMO.
  • TopStepTrader.
  • IG.
  • DreamTicks.
  • Jane Street.
  • 3Red Partners.
  • The Trading Pit.
Mar 28, 2024

Which prop firm is the most reliable? ›

Apex Trader Funding is the best futures prop trading firm on this list for a variety of reasons, but most notably because it boasts the highest pass rate for its evaluation program out of all the futures prop firms on this list. It is also by far the most friendly option for beginner futures traders.

Which prop firm is better than FTMO? ›

FTMO 's top competitors in May 2024 are: FunderPro, the5ers and more. FunderPro is currently rank as the number one on the list of top Forex Prop Firms.

Which prop firm gives real money? ›

Prop Trading Firms with Real Capital
Proprietary Trading FirmProvided with Real Capital
FunderPro
Funding Pips
FXIFY
Glow Node
35 more rows
Apr 26, 2024

What is the best prop firm in 2024? ›

FTMO: FTMO is our pick for the best overall prop firm. They offer a large funding size, a fair profit split, and a relatively low minimum deposit. They also have a robust evaluation process that helps to ensure that only profitable traders are funded. The5%ers: The5%ers is our pick for the best prop firm for beginners.

Which futures is most profitable? ›

What futures are most profitable? Trading in futures markets such as the Micro E-Mini Russell 2000 (M2K), Micro E-Mini S&P 500 (MES), Micro E-Mini Dow (MYM), and Micro E-Micro FX contracts can be highly profitable due to their distinct market characteristics.

Which prop firm offers instant funding? ›

FTUK is a reputable prop firm with instant funding accounts, which attracts seasoned traders who want to access large trading capital without a lengthy evaluation process. The funding range is from 14k to 5 million USD with a profit share of 80% and maximum leverage of 1:100.

Is FTMO banned in the US? ›

FTMO Banned USA Clients – Heres our Top 5 Alternatives (Accepting USA Traders) FTMO have now restricted access to all new US-based traders as of January 2024. This appears to be related to regulatory issues and may have something to do with the recent My Forex Funds case.

Do prop firms really pay out? ›

Statistics on Average Trader Payouts

Profit Split: The average prop firm will offer a 80-20 profit split once you become a funded trader. TFT, on the other hand, gives up to a 90% split, — even as high as 95% in some promotions — the highest in the industry.

What are the negatives of prop firms? ›

Foreign Exchange Specialist at FTMO.
  • Strict Risk Management Rules and Trading Guidelines: ...
  • Profit Sharing: ...
  • Profit Targets During the Evaluation Period: ...
  • Limited Control Over Capital and Payouts: ...
  • Lack of Regulatory Oversight: ...
  • High Leverage and Margin Requirements: ...
  • Financial Risk and Capital Exposure:
Feb 11, 2024

What are the disadvantages of prop firms? ›

But there are aspects you need to be aware of (cons)
  • The rules – they need to be clear and easy to understand. ...
  • Minimum trading Days – the prop firm doesn't want you to be a 1-trade-wonder. ...
  • Maximum trading Days – be careful that your trading style will reach the target in the allocated amount of time.

Is TopStep better than FTMO? ›

Features Comparison: TopStep vs FTMO

Range of Markets: FTMO offers a wider range of trading instruments compared to TopStep's focus on futures. Profit Sharing: FTMO tends to offer a higher profit share ratio. Educational Support: TopStep provides more structured educational content, especially for futures trading.

How do I choose a prop firm? ›

Don't just pick the first prop trading firm you find. Choose one with a good reputation, support for traders, good tools, safety measures, fair costs, and a friendly community. This way, you can trade smarter and have a better chance at success.

What is the biggest FTMO payout? ›

Dariusz from the USA exceeded everyone's expectations and made his dreams come true. As our FTMO Trader with a maximum allocation, he beat the previous record payout of $500,180 thanks to his profit of $1,206,225, the biggest payout in the industry! Huge respect for Dariusz.

Is there any free prop firm? ›

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.

Which prop firm has the lowest spread? ›

Considered among the top low spread prop firms for Forex, Lark Funding is ideal for traders focusing on currency markets. Traders can access diverse markets of Forex pairs, indices, commodities, and popular cryptos.

What is the cheapest prop firm challenge 5k? ›

Overview. The 5%ers 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 Mini account, which costs $249. This account comes with a virtual account of $10,000, making it an attractive choice for traders on a budget.

How much do prop firms charge? ›

Performance Fees/Profit Splits

The amount of profit split greatly depends on the prop firm you're working with, but it typically ranges from 50%-90%. For example, if you were working with a prop firm on a 90% split and made a $10,000 profit that month, you'd keep $9000, and the prop firm will take $1000.

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