The best free trial prop firms listed and reviewed

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Free trial prop firms explained and ranked

Written by

Phillip Dosen

Written on

Sep, 2024

Updated on

Sep, 2024

Table of content

Prop firms or proprietary trading firms are financial institutions that generate income from direct financial trading activities. These companies use their own capital for trading and try to attract profitable traders to their funded accounts. Free trial prop firms allow traders to first access the firm’s technologies such as the trading platform and dashboard free to check trading conditions. This is very attractive as traders typically are required to pay fees to access trading challenges and get funded. Let’s explain the free trial meaning and its benefits and then list the best prop firms with free trial accounts.

What is the free prop firm challenge and why it is appealing

Before we switch to free trial props let’s first explain the prop trading model briefly. Prop firms have a unique business model where they offer traders funded account challenges where traders have to reach certain profit targets without reaching various rules ensuring only profitable traders get access to funded accounts. These rules often include a daily risk limit, maximum drawdown, and other requirements to protect the firm’s capital from irresponsible trading activities. The main difference between using the funded accounts and trading with your own money is huge, traders are o longer in need to risk their capital. Funded accounts allow traders to trade almost risk-free and they are not liable for losses incurred in funded accounts. When trading with your own money you are at risk of losing all of it which increases both risk and psychological pressure considerably. Surely, prop firms charge fees for registering for funded challenges but these fees are usually tiny when compared to actually acquiring capital necessary for profitable trading. Reliable prop firms that offer free trials, allow traders to access funded accounts without paying fees to check all the trading conditions and rules. This is incredibly useful for traders to understand not only the rules and limitations but also how well their strategies can pass the evaluation challenges without paying fees.

A free trial funded account is a funded account just like a regular funded challenge where a trader can trade and check their strategy and conditions such as spreads. Some trading strategies like scalping methods require low spreads to be profitable and testing them on free trial accounts is the best way to check the effectiveness without paying money.

Top free trial prop firms

When trying to sign up for a free account it is essential to only choose a reliable firm. This is because when you test its services and adjust your strategy, you need to apply without fear of getting scammed out of your fees. Here we have some of the most reliable prop firms with free challenges listed:

Blue Guardian — One of the lowest fees
FTUK — Highest maximum funding
Instant Funding — fastest evaluation
Forex Prop Firm — Overall solid
FundYourFX — The best scaling plan

These firms are reliable and have very positive reviews from traders which is the most critical part. When the majority of traders evaluate the prop firm to be safe, there is very little room left for scams and frauds.

Blue Guardian — Lowest fees

Blue Guardian is among the best free trial prop firm challenges provider firms that have been around since 2019. The firm allows traders to access funded accounts from 10k to 200k USD and has an impressive 85% profit sharing. The fees are also competitive and the firm is known for being a super reliable brand among the prop trading community.

? Here are all the critical specs of the Blue Guardian prop firm:

Year founded — 2019
Based in — Solihull, West Midlands, England
Minimum fee for a one-step account — 87 USD
Minimum Blue Guardian funding — 10,000 USD
Maximum Blue Guardian funding — 200,000 USD
Blue Guardian daily loss limit — 4%
Blue Guardian maximum drawdown — 6%
Blue Guardian profit target — 10%
Blue Guardian profit sharing (payouts) — 85%
Trading platform — MetaTrader 4
Trading markets — FX, FX Exotics, Indices, Gold & Commodities, and Cryptos

Blue Guardian Safety, Funding Options, and Assets

Safety is the most important factor when evaluating prop firms. Blue Guardian has been a safe and reliable free challenge prop firm since 2019. The firm is partnered with various regulated brokers and liquidity providers to provide top-notch trading services with low spreads and high leverage levels. The firm has an impressive 4.8 score in the Trustpilot which is among the best results for prop firms. Blue Guardian offers 10k, 25k, 50k, 100k, and 200k USD funded accounts on four different challenge account types, Unlimited, Elite, Rapid, and 3 Step. The firm allows traders to speculate on a number of financial markets including Forex pairs, indices, and commodities.

Blue Guardian Rules, Fees, and Platforms

Blue Guardian prop firm stands out from other prop firms with free trials by offering simplistic rules. The firm only requires traders to follow daily risk and maximum drawdown limits to ensure its capital is in safe hands. There is a profit target of 10% which is standard in the prop trading industry with the daily limit being 4% and the maximum drawdown being 6%. The firm offers advanced trading platforms including MetaTrader 5 (MT5) which is one of the most popular and capable platforms in the Forex scene. There are also TradeLocker and MatchTrader popular prop trading platforms offered.

Blue Guardian Education and Support

Blue Guardian mainly targets traders who have already figured out how to trade and have well-designed trading strategies. The firm has a trading blog where various interesting posts are published, but it is not enough to learn trading from zero. When it comes to customer support, the firm offers high-quality customer service. Blue Guardian support is provided via live chat and email options, and both the website and support are in English.

FTUK — Highest maximum funding limit

FTUK is another reliable and popular prop trading brand based in the UAE. When searching for a reliable prop firm free trial is important to check their services. Luckily, FTUK offers free challenges to ensure traders can check the conditions and their trading strategies before applying for the real challenge. The firm has been around for years and offers up to 80% profit sharing which is attractive. Funded challenges range from 10k to 100k with a comprehensive scaling plan to increase the default funding even further after consistent trading.

? List of FTUK instant funding specs:

Year founded — 2021
Based in — Dubai, United Arab Emirates
Minimum fee FTUK account — 149 USD
Minimum FTUK funding — 10,000 USD
Maximum FTUK funding — 100,000 USD (6,760,000 USD with scaling)
FTUK daily loss limit — None
FTUK maximum drawdown — 8%
FTUK profit target — 10%
FTUK profit sharing (payouts) — 80%
Trading platform — MetaTrader 4, MetaTrader 5
Trading markets — Forex, commodities, indices, cryptos

FTUK Safety, Funding Options, and Assets

Safety is the number one important thing when seeking free evaluation prop firms. FTUK is a reliable and secure platform backed by regulated brokers to ensure a transparent and safe trading environment. The firm has positive trader feedback overall and offers funding options of 10k, 25k, 50k, and 100k USD. The firm is partnered with regulated brokers to offer a safe trading platform for all of these funded options which is critical in prop trading. Traders can access various asset classes including FX pairs, indices, cryptos, and commodities. The maximum leverage is high at 1:100, more than enough for prop trading. Controlling large trading positions will allow experienced traders to hit the profit target much faster.

FTUK Rules, Fees, and Platforms

FTUK is a prop firm that prioritizes simple and trader-oriented rules allowing for greater flexibility. The trading platform is MT5 and MT4 is also offered which is flexible as many traders prefer old MT4 over its successor. The fees at FTUK for one-step funded accounts that require only achieving a profit target are as follows:

10,000 USD funding accounts – 99 USD fee
25,000 USD funding accounts – 179 USD fee
50,000 USD funding accounts – 269 USD fee
100,000 USD funding accounts – 499 USD fee

These fees are super competitive and spreads are also low which is the firm’s policy to allow traders to achieve funded status easily.

FTUK Education and Support

The education at FTUK free prop firm challenge accounts are almost none. The firm mainly tries to attract seasoned traders despite having a trader blog available. However, the customer support is excellent and provided via live chat and email channels. The website and support are both offered in English, which is a slight downside.

Instant Funding — Highest funding speed

When considering going for a free prop firm account, Instant Funding is probably the best option for lower funded amounts. Instant Funding offers funding options from just 1,250 dollars which is super flexible for beginners. The pricing is also super low and the maximum default funding is capped at 100k dollars. The firm is based in the UK and offers up to 90% profit sharing as well.

? Instant Funding specs are as follows:

Year founded — 2023
Based in — London, United Kingdom
Minimum fee on lowest account — 79 USD
Minimum funding — 10,000 USD
Maximum funding — 100,000 USD
Instant Funding daily loss limit — 3%
Instant Funding maximum drawdown — 6% smart drawdown
Instant Funding profit target — 10%
Instant Funding profit sharing (payouts) — 80% (90% for scaled accounts)
Trading platform — MetaTrader 5, cTrader, DXTrade
Trading markets — Forex, indices, commodities, cryptos

Instant Funding Safety, Funding Options, and Assets

Instant Funding is a safe prop firm with very positive trader feedback on Trustpilot and several other platforms. The firm is also partnered with a regulated broker, ThinkMarkets, allowing for a safe trading platform where trades are executed instantly. The range of funding options offered by Instant Funding is between 1,25k to 100k USD with a maximum leverage of 1:100, providing traders with considerable buying power. The profit target required is 10%, the daily risk limit is 3% and the maximum drawdown is 6%. The firm allows traders to instantly access funded status by purchasing instant funding accounts. There are other accounts as well, where traders can access numerous markets such as Forex pairs, indices, cryptos, and commodities such as metals and oil.

Funded accounts offered are Instant Funding, One-Phase, Two-Phase, and Three-Phase.

Instant Funding Rules, Fees, and Platforms

Instant Funding has simple rules as mentioned above and almost all kinds of trading styles are allowed. The firm has a very simple approach towards rules which is super flexible for traders. EAs are allowed which is very beneficial for traders using the MT5 platform. Instant Funding one-phase funded accounts have the following one-time fees:

10,000 USD — 79 USD
25,000 USD — 149 USD
50,000 USD — 259 USD
100,000 USD — 429 USD

Instant Funding offers access to several advanced trading platforms such as MetaTrader 5 (MT5), DXTrade, and cTrader. Mobile trading platforms are also available through mobile versions of these platforms allowing traders to trade on the go.

Instant Funding Education and Support

The firm lacks educational resources which is a minor downside of Instant Funding. There is a trading blog offering interesting facts and tips for traders but it is not a replacement for a trading education.

Customer support is excellent at Instant Funding, provided via email and live chat options. Traders can access the website and support of Instant Funding in several languages, making Instant Funding a truly international prop trading brand.

Forex Prop Firm — Solid offerings

Forex Prop Firm is a prominent prop firm that offers free trial accounts to ensure traders can test trading conditions and rules in real time to increase their chances of success. FPF offers funded accounts ranging from 10k to 400k USD from 94-dollar pricing, which is very low. The profit sharing is 80% and the firm has spread from 0 pips on major pairs. Traders can use a scaling plan to increase their default funding without paying extra fees, which is also very flexible for the firm.

? Here are important Forex Prop Firm specs for its 1-step funded account:

Year founded — somewhere in 2015
Based in — Quebec, Canada
Minimum Forex Prop Firm account fee — 94 USD
Minimum Forex Prop Firm funding — 10,000 USD
Maximum Forex Prop Firm funding — 400,000 USD
Forex Prop Firm daily loss limit — 4%
Forex Prop Firm maximum drawdown — 6%
Forex Prop Firm profit target — 10%
Minimum trading days — None
Commission — 4.5 USD per lot (0.45 USD per lot for indices)
Forex Prop Firm profit sharing (payouts) — 80%
Trading platform — MetaTrader 4, MetaTrader 5
Trading markets — Commodities, Forex, Indices & Stocks

Forex Prop Firm Safety, Funding Options, and Assets

FPF (Forex Prop Firm) has been around since 2015, making it one of the most experienced prop firms in the industry with free trial accounts. The firm is partnering with several regulated brokers ensuring a safe trading environment without price manipulation. Because of these, trader er feedback has been very positive around FPF, indicating the firm’s superior quality of services. Forex Prop Firm has a 4.6 score on the Trustpilot, meaning the vast majority of traders evaluate the firm as a high-quality prop firm that is also reliable and safe. The exact funding options include 10k, 25k, 50k, 100k, 200k, and 400k USD. Offered trading asset classes by Forex Prop Firm include Forex pairs, indices, commodities, stocks, and cryptos. The leverage restrictions include 1:30 for FX, 1:10 for cryptos, and 1:5 for stocks.

Forex Prop Firm Rules, Fees, and Platforms

Forex Prop Firm rules are pretty simple, traders have to follow certain risk limits such as daily loss limit and maximum drawdown and achieve a 5% profit target which is among the lowest and easiest to achieve. The fees depending on the fund adoption of one-step accounts include:

10,000 USD — 94 USD one-time fee
25,000 USD — 209 USD
50,000 USD — 319 USD
100,000 USD — 549 USD
200,000 USD — 999 USD
400,000 USD — 1,899 USD

Forex Prop firm allows EAs and custom indicators, and its platforms are offered for all mobile devices, allowing trading on the go.

Forex Prop Firm Education and Support

FPF falls short of educational resources and offers only a trading blog. The blog also offers many interesting tips and tricks that can not be used as a full replacement for financial trading education. Forex Prop Firm support is excellent and the firm allows traders to contact the firm associates via live chat email channels. Both the website and support are available in English only, a slight downside.

FundYourFX — Highest scaling

FundYourFX is another experienced firm that offers funded account free trials, ensuring increased chances of success for its potential prop traders. The firm offers advanced trading platforms, and funded options from 7k to 80k USD depending on the funded account selected.

?Below is the list of FundYourFX specs:

Year founded — 2021
Based in — Indonesia
The minimum fee for a one-step account — 197 USD
Minimum one-step funding — 7,000 USD
Maximum one-step funding — 80,000 USD
One-step daily loss limit — None
One-step maximum drawdown — 5%
One-step profit target — 10%
One-step profit sharing (payouts) — 50-90%
Trading platform — EightCap MetaTrader 4, MetaTrader 5
Trading markets — Forex pairs, commodities, indices, cryptos

FundYourFX Safety, Funding Options, and Assets

FundYourFX is a reliable prop trading brand that has been around since 2021. Being partnered with regulated brokers, the firm ensures a safe and transparent trading environment, attracting both beginner and experienced traders alike. Profit sharing is high at 90% and traders can access diverse accounts.

FundYourFX Rules, Fees, and Platforms

FundYourFX rules are straightforward and transparent with daily risk limits and maximum drawdown requirements only. The profit target is 10% which is standard in the prop trading industry and traders can get up to 90% of their generated profits which is also an attractive condition. Trading platforms offered include MT4 and MT5 advanced software which are also available for mobile devices, allowing trading on the go.

FundYourFX Education and Support

The firm lacks in education but offers excellent customer support via live chat and email. The support as well as the website of FundYourFX are provided in English only which is a minor downside.

Top free prop trading firms comparison table

To better visualize the specs of each of the firms that offer free trials here is a table.

Firm	Min funding	Max funding	Min funding fee	Profit share	Daily loss limit	Max loss limit
Instant Funding	10,000 USD	100,000 USD	79 USD	80%	3%	6%
Blue Guardian	10,000 USD	200,000 USD	47 USD	85%	4%	6%
FPF	10,000 USD	400,000 USD	94 USD	80%	4%	6%
FTUK	14,000 USD	90,000 USD	99 USD	80%	None	8%
FundYourFX	6,000 USD	2,000,000 USD	187 USD	50-90%	None	5%

As we can see, Blue Guardian is the cheapest prop firm with free trial accounts, allowing traders to switch from trial to real challenge at lower prices.