What’s The Easiest Prop Firm To Pass? Try These Challenges - FundingTraders Blog (2024)

Looking for the easiest prop firm to pass? Try these unique challenges to get funded for forex trading. Prop firms have become increasingly popular – with retail traders looking for profitable opportunities in forex. Keep in mind, the easiest prop firms are not always reliable, primarily due to lower profit splits, strict trading rules, and poor payout cycles. While these prop firms may provide a funded account without evaluation, traders may not receive fair & competitive trading conditions.

Instead, join the best FX prop firms – who utilize challenges to fund skilled, profitable, and experienced traders. These prop firm evaluations are straightforward to complete for traders with competitive skills. Of course, traders with strong risk management tactics, unique strategies, and a disciplined approach will also excel in these challenges.

As an experienced forex trader yourself, consider these straightforward prop firm challenges to get funded for forex trading. Funding Traders offers a variety of challenges with transparent rules, easier conditions, and realistic goals. In addition, our one and two-step evaluations feature:

  • Zero Commission
  • Support for Weekend/Overnight Holding
  • No Minimum Trading Days
  • News/Copy Trading Supported
  • EA/Bot Support On Challenge Accounts

Read on to learn more about the easiest prop firm challenges to pass for a funded account.

Small Funded Account Challenges

Start off with a small funded account challenge from the easiest forex prop firm. In the beginning, you may be tempted to dive right into a larger evaluation – and maximize prop firm funding. Of course, it is highly advised to start off with a smaller, more manageable challenge – especially for beginner forex traders.

These easier prop firm evaluations give you time to get familiar with the drawdown limits, rules, and profit targets. With more familiarity with the requirements, you’ll improve your skills and become more confident in your forex trading abilities. Additionally, smaller challenges empower you to learn from potential mistakes – without risking significant capital in the process.

> At Funding Traders, you can start with a small $5,000 or $10,000 account challenge to get funded.

After passing a smaller account challenge, continue to leverage forex prop firm scaling plans to increase your capital – all the way up to $2M. Certainly, try small-funded account evaluations from the easiest prop firm.

No Time Limit Prop Firm Challenges

In addition, some of the easiest prop firms offer no time-limit funding challenges. In these evaluations, you’re still required to meet profit targets and sustain minimal losses. However, there are no rigid time restrictions – providing you with a flexible, indefinite trading period.

Trade without overwhelming time pressures to achieve your desired targets. Of course, some of these easier prop firm challenges still require minimum trading days – requiring you to prove your skills over a period of time.

> With Funding Traders, take advantage of the no-time limit rule across a wide range of challenge accounts.

This way, you can avoid rushing to impulsive decisions without a thorough analysis of each trade. Plus, the no-time limit prop firms eliminate psychological factors – including anxiety, frustration, and fear.

Surely, try a no-time-limit challenge with the easiest forex prop trading firms.

One-Step Prop Firm Challenges

Try one-step funding challenges from the easiest prop firms. These challenges are ideal for traders that can confidently meet consistent profit targets – while following stringent risk management guidelines.

The single-phase evaluation reduces the time to complete the challenge and get a funded account. Of course, you can still take as much time to meet the required profit targets. To successfully pass the one-step challenge easily, avoid any malicious practices restricted by your prop firm.

Meet Funding Traders’ one-step evaluation rules to effectively manage risks and pass the challenge:

  • Reach a 10% profit target in relation to your starting account balance
  • Maintain a 5% maximum loss on the initial account balance (trailing)
  • Keep the risk per trade below 2%

During the 1-step prop firm challenges, many traders may prefer EAs/bots. While Funding Traders supports EAs/bots, you should avoid off-the-shelf EAs marketed to complete prop firm evaluations. Instead, traders are encouraged to rely on EAs with strong risk management to streamline their trading strategies during a 1-step challenge. Definitely, consider challenges with the easiest prop firms to get funded.

Two-Step Prop Firm Challenges

Next, you can also select a two-step evaluation with the easiest prop firm for forex funding. These challenges include two evaluation stages to test a trader’s skills in realistic conditions. Typically, prop firms use two separate evaluations to fund disciplined, skilled, and profitable traders – looking to work in a risk-controlled environment.

During the first stage, you are required to maintain predefined profit targets, drawdown limits, and maximum loss on the initial account balance. In the second stage, you move on to the verification challenge – designed to evaluate your consistency during changing market conditions. Typically, the verification stage requires a comparatively smaller profit target to complete the challenge.

For easy onboarding, Funding Traders offers realistic evaluation milestones with the two-step challenge account.

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

>Leverage the no-time limit rule to complete both evaluation stages without any time restrictions.

Definitely, sign up for the easiest two-step prop firm evaluation to get a funded account.

Elite Funded Account Challenges

Complete the exclusively available elite-funded account challenges from the easiest prop firms. These groundbreaking challenge accounts are available for serious traders – ready to prove their profitability on a bigger account. The $1 million Elite-funded accounts stand out as a unique opportunity to showcase advanced trading skills. To pass the challenge, traders must follow the minimum & maximum trading days limit. Plus, you must implement sound risk management strategies and stop loss parameters for consistent progress toward profit targets.

Funding Traders’ Elite account challenges start with a one-on-one consultation with our ex-Wall Street trader, CEO. During this initial incubation period, you can learn about the challenge account, trading objectives, and other institutional-level opportunities.

Choose between a 1-step or 2-step evaluation process and meet these milestones to complete the $1 million elite-funded account challenge.

2-Step

  • Profit Target (Phase 1): 10%
  • Profit Target (Phase 2): 5%
  • Max. Daily Loss: 5%
  • Max. Overall Loss: 10%
  • Min. Trades: 20 for swing traders / 50 for day traders / 100 for scalpers
  • Min. Trading Period: 2 months
  • Max. Trading Period: 6 months

1-Step

  • Profit Target: 10%
  • Max. Daily Loss: 4%
  • Max. Overall Loss: 5%
  • Min. Trades: 20 for swing traders / 50 for day traders / 100 for scalpers
  • Min. Trading Period: 2 months
  • Max. Trading Period: 6 months

>Upon meeting the consistent profit targets, you can also scale your Elite account to a $2 Million funded capital account.

Manage your position sizes effectively to manage a substantial $1 million challenge account. A structured position scaling plan may help progress gradually, meet profit targets, and limit risk per trade – making it easier to complete the challenge. Plus, you must monitor your performance and optimize trading strategies to increase your chances of completing the evaluation. Definitely, try the Elite $1M challenges from the easiest forex prop firms.

Find the easiest prop firm challenges to pass for forex trading. Start your trading journey with small challenge accounts for more manageable, realistic, and easier profit targets. The best prop firms offer no-time limit evaluation rules to help traders achieve challenge milestones in an indefinite time.

Based on your risk tolerance and trading goals, you can also select between 1-step and 2-step prop firm challenges – with varying profit targets. Or, apply for $1 million funded account challenge to get funded with a bigger funded account for forex trading.

Ready to start your trading journey? Click here to join the easiest prop firm challenge to pass for forex trading.

What’s The Easiest Prop Firm To Pass? Try These Challenges - FundingTraders Blog (2024)

FAQs

Are there any free prop firm challenges? ›

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.

What is the best prop firm right now? ›

Overview: Funder Trading stands first in our list of the top prop trading firms in 2024 due to multiple reasons but notably it is the only prop trading firm that offers options funding and includes coaching for every trader signed up.

How do you clear the prop firm challenge? ›

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

What is the cheapest prop firm? ›

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

How many people fail prop firm challenges? ›

Around 10% pass

According to FTMO statistics, only about 10% of traders are able to pass the funded account challenge at any account level. This means approximately 90% of aspiring funded traders fail the evaluation and are unable to gain access to the firm's capital.

Which prop firm offers instant funding? ›

While FTMO stands out as the best overall prop firm, other options such as Fidelcrest, 5%ers, BluFX, Glow Node, Smart Prop Trader, FTUK, Instant Funding, and SurgeTrader also offer attractive features and benefits.

What is the best instant funding prop firm? ›

Top Instant Funding Prop Firms
  • FTUK. Best Overall.
  • Instant Funding. Best Trading Rules.
  • SurgeTrader. Best for Speedy Account Approval.
  • The 5%ers. Best for Beginners.

Which prop firm is the most trusted? ›

Best Prop Trading Firms 2024 - Reviewed by Experts
  • Topstep.
  • The 5%ers.
  • Earn2Trade.
  • SurgeTrader.
  • FTMO.
  • E8.
  • City Traders Imperium.
  • Fidelcrest.
Feb 2, 2024

What percentage of traders pass prop firm challenge? ›

That result should look catastrophic for anyone who hopes to join a prop firm. The article from Lux Trading Firm provides slightly different results. 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.

Do you need a Series 7 to trade at a prop firm? ›

Each Representative shall be required to pass the Series 7 General Securities Representative Qualification Examination unless his or her activities are so limited as to qualify him or her as a Proprietary Trader as specified hereafter.

Is FTMO the best prop firm? ›

FTMO Investment Options

One of the main reasons why FTMO is a good prop firm is their investment options. They offer traders the opportunity to trade with their own capital, as well as access to additional capital from FTMO.

Is RYZE a legit prop firm? ›

Those anyone have experience using https://www.ryze.trading/ I just passed the first phase of their $500 challenge account. Ryze has 15% 1 star reviews on trustpilot. Probably a scam prop. And it is like 15% passing rate on Phase 1 and 2 combined, so you can estimate probably every funded trader had problems with them.

Is there a free FTMO challenge? ›

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.

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

How hard is it to pass a 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.

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