Prop Firms in Australia

DNA Funded ranked 1st place in our list of the best prop firms, earning a top score of 97/100 for its low challenge fees from $49, flexible one- and two-step evaluations, and 80%–90% profit splits. Backed by DNA Markets, it offers tight spreads and uses the TradeLocker platform.

You get access to over 800 markets including forex, stocks, and crypto, making it a strong option whether you’re just starting out or scaling up.

Use PROPFIRMS25 to get 25% off challenge fees, making it cheaper to get started!

Based on our analysis of the top prop firms worldwide, we found DNA Funded to be the best prop firm overall with a score of 97/100.

The Australian-based prop firm is backed by regulated broker DNA Markets (ASIC AFSL 514425), offering traders access to institutional-grade conditions like tight spreads, fast execution, and low trading costs. It stands out for its flexible one-step and two-step challenges, competitive fees, and profit splits of up to 90%.

With TradeLocker integrated with TradingView, access to 800+ markets, and trading rule sets that align with forex broker compliance standards, DNA Funded offers the most complete setup we’ve tested.

Prop Challenges and Accounts

DNA Funded offers three challenge types, catering to various trading styles:

• Single Helix (1-step challenge): Account sizes from $5,000 to $200,000. Fees start at $59, with a 10% profit target and no time limits, making it ideal for swing traders and those focused on longer-term strategies.
• Double Helix (2-step challenge): Account sizes also range from $5,000 to $200,000, with fees starting at $49. Phase 1 requires a 10% profit target, while Phase 2 lowers it to 5%, with flexible trading days.
• Rapid Challenge (1-step challenge): Designed for more experienced traders with account sizes ranging from $10,000 to $100,000, and fees from $99. This challenge requires a 5% profit target to be met within 10 days, with a stricter drawdown limit, making it suitable for scalpers or high-frequency traders.

After passing the evaluation process of your choosing, you will receive a certificate of recognition, as Noam Korbl did when testing the prop firm firsthand.

Markets and Leverage

DNA Funded provides access to over 800 forex, commodities, indices, stocks, and crypto markets (with restrictions on crypto in the Pro Challenge).

Leverage varies by challenge type and asset. Forex is capped at 1:50 on Double Helix and 1:30 on Single Helix and Pro Challenge. Commodities and indices are fixed at 1:10, stocks at 1:5 following a recent reduction from 1:10, and crypto is 1:2 but only available on Single and Double Helix.

Trading Platforms

All trading is done through TradeLocker, which comes fully integrated with TradingView. This setup is ideal for manual traders who want advanced charting, one-click execution, and a clean web-based interface. However, automated trading and EAs are not supported.

DNA Funded keeps its trading rules simple and in line with broker-backed standards. All accounts follow daily and overall drawdown limits based on the challenge type, and a daily profit cap of 40% now applies. This means you can only count up to 40% of your payout target in one trading day, which helps support steady, consistent trading.

Automated trading and expert advisors (EAs) are not allowed. You can copy trades between your own accounts, but not from others. News trading is allowed, but you’ll need to avoid opening or closing positions within 10 minutes of high-impact news. Weekend trading is also permitted.

Trust and Community 

DNA Funded is backed by DNA Markets, a well-known ASIC-regulated broker (AFSL 514425), ensuring tight spreads and reliable execution. While DNA Funded is still new, its connection to DNA Markets boosts its credibility hugely.

The prop firm is also developing an active trading community through its Discord channel, offering a space for traders to connect and share insights.

Our Verdict on DNA Funded

DNA Funded is the best prop trading firm for 2026 even in the early stages of launch thanks to its flexible challenges, low fees, and an 80% – 90% profit share. Backed by DNA Markets, it provides reliable market access across forex, commodities, indices, stocks, and crypto. You can read our full evaluation on our DNA funded review page.

With a user-friendly platform like TradeLocker and growing community support, DNA Funded is the best prop firm for both new and experienced traders looking for a new challenge to become a funded trader.

Visit DNA Funded

BrightFunded earnt 2nd place with its flexible two step challenges, profit splits scaling to 100%, and innovative add-ons for faster payouts. Its Trade2Earn loyalty program rewards active traders with free evaluations, while the firm’s broad market access and unlimited scaling provide long-term growth potential.

With account sizes up to $200,000 and customisable trading rules, BrightFunded is ideal for consistent traders seeking rewards and scalability.

Use PROPFIRMS20 for 20% off your evaluation fee, so you can start trading with a lower upfront cost.

BrightFunded earnt the second spot on our list scoring 95/100 for its flexible challenge options, scalable accounts, and a loyalty program designed to reward trader activity.

With account sizes ranging from $5,000 to $200,000, BrightFunded offers a structured two step evaluation process and unlimited scaling for consistent traders.

Perks include customisable add-ons, allowing traders to reduce payout cycles, increase profit splits, and eliminate minimum trading days, along with the unique Trade2Earn loyalty program.

Prop Challenges and Accounts

BrightFunded provides traders with a straightforward two step evaluation process to reach funded trader status.

• Step One: You must achieve an 8% profit target while adhering to strict risk parameters, including a 5% daily drawdown and 10% maximum drawdown.
• Step Two: The profit target is reduced to 5%, with the same drawdown limits, ensuring consistency before accessing funded accounts.

Once funded, you receive an 80% profit split, which can scale to 100% through BrightFunded’s unlimited scaling program.

Account sizes range from $5,000 to $200,000, with fees starting at €55. Additional customisation options are available, such as faster payouts and increased profit shares, allowing traders to tailor their challenges to their needs.

Markets and Leverage

BrightFunded provides access to a wide range of financial instruments:

• Forex: Over 50 major and minor pairs
• Commodities: Gold, silver, and oil CFDs
• Indices: Popular global indices such as US30 and GER40
• Cryptocurrencies: Leading digital assets like Bitcoin and Ethereum

Leverage varies across asset classes, with up to 100:1 for forex, 20:1 for indices, and 5:1 for cryptocurrencies.

Trading Platforms

BrightFunded now offers three  trading platforms – cTrader, DXtrade, and MetaTrader 5:

1. MetaTrader 5 (MT5) is the most popular prop trading platform worldwide and comes packed with advanced charting tools, one click trading, and full support for Expert Advisors. It’s the natural pick if you’re already familiar with MT4 or MT5 and want reliable automation.
2. cTrader is built for precision and speed, featuring Level II pricing, advanced charting, and support for algorithmic trading in C#. It’s a great choice if you prefer tight execution control and automated strategies.
3. DXtrade offers a customizable interface with built-in risk tools, multi-asset support, and fast execution. It’s designed for discretionary or hybrid traders who want flexibility without needing to code.

All trading is conducted in a simulated environment using demo accounts with real market data, ensuring risk free evaluation and funded phases.

Trust and Community

BrightFunded is an independent prop firm but has established itself as a reliable provider with strong user reviews. A 4.7/5 Trustpilot rating highlights its emphasis on transparency, responsive customer service, and prompt payouts.

The firm has an active trading community on Discord with 16k + members, where you can share strategies, trade ideas, and market insights. This community focus fosters collaboration and support among traders.

Additionally, BrightFunded now publishes payout certificates to show what funded traders are actually earning. The example on the right shows a $4,052.71 payout from April 2025. It’s a simple way to back up their fast payouts, scaling model, and growing community with real proof.

Our Verdict on BrightFunded

BrightFunded is a top tier prop firm offering flexible challenges, high profit scaling, and access to multiple financial markets. Combined with transparent rules, loyalty rewards, and the potential for 100% profit splits, BrightFunded remains a strong pick for long term traders looking to scale.

Visit BrightFunded

Blueberry Funded ranks as the 3rd best prop firm thanks to its range of challenges and accounts, low fees, and strong broker backing. You can choose between instant funding for immediate access to capital or structured evaluations through one and two step challenges. Across all account types and platforms, trading conditions stay transparent with raw spreads from 0.1 pips, profit splits up to 90%, and access to over 1,100 financial markets.

Apply PROPFIRMS20 to get 20% off challenge fees!

Blueberry Funded is a prop trading firm that came in 3rd place in our rankings with a score 93/100. This is because they’ve developed one of the most versatile setups among the top prop firms, giving you the choice between instant access and structured evaluation processes. Each challenge follows clear, rule based conditions with defined drawdown limits and payout structures.

Prop Challenges and Accounts

Blueberry Funded offers everything from instant accounts to two step challenges:

• Instant Lite & Instant Elite: No evaluation required. You trade funded capital immediately with fixed trailing drawdowns. Lite is tighter for short-term strategies, while Elite gives more room for longer trades.
• Rapid Challenge: A single-phase evaluation designed for faster traders who want quick feedback and short timeframes.
• One Step Challenge: A straightforward, single-phase model suited to confident traders who prefer a clear target and static drawdown.
• Two Step Challenge: A traditional two-phase evaluation for those who prefer structure and gradual progression.
• Prime Challenge: A slightly stricter version of the Two Step challenge, built for consistency-focused traders.

This great range of account options make Blueberry one of the few prop firms offering both instant funding and multiple evaluation processes, without overcomplicating the rules.

Markets and Leverage

Blueberry Funded gives access to over 1,100 instruments across six asset classes, with conditions and leverage varying slightly by challenge type.

• Forex: Available across all programs with spreads from 0.1 pips. Instant Elite, Two Step, and Prime accounts offer up to 1:50 leverage, while Instant Lite, One Step, and Rapid accounts trade at up to 1:30.
• Indices: 14 global markets including US30, NAS100, and GER30. Leverage is capped at 1:10 across all account types.
• Commodities: 17 products including gold, silver, oil, and natural gas, traded at up to 1:10 leverage.
• Cryptocurrencies: 52 pairs such as BTC/USD and ETH/USD, with 1:2 leverage and 24/7 trading on MT5 and TradeLocker.
• Stocks: Over 1,000 US stock CFDs available through the Stock Challenge and Instant Elite accounts, with 1:10 leverage.
  Synthetics: 12 volatility-based synthetic indices with leverage up to 1:30, exclusive to the Synthetic Challenge.

The market coverage is broad enough for diversified trading across forex, commodities, and equities, while maintaining sensible leverage that supports steady, controlled performance.

Trading Platforms

Blueberry Funded offers four trading platforms:

• MetaTrader 4 (MT4): Best for forex traders, with strong support for Expert Advisors (EAs) and advanced charting tools.
• MetaTrader 5 (MT5): Offers additional features like Depth of Market (DOM) and multi-threaded backtesting for more advanced traders.
• DXTrade: A browser-based platform, which, while flexible, lacks the advanced features of MT4 and MT5, making it less ideal for active traders.
• TradeLocker: A newer platform known for its clean interface and user-friendly layout. It’s accessible via web and mobile, and is especially useful for traders who want a modern, simplified trading experience without the heavier footprint of MT4/MT5.

Trust and Community

Blueberry Funded’s partnership with Blueberry Markets, a regulated Australian broker (ASIC AFSL 535887), provides confidence in its pricing and operational integrity. The firm is also a founding member of The Prop Association, a group promoting transparency and trader protection across the industry.

Its growing Discord community now includes more than 30,000 members, offering daily updates, payout confirmations, and peer discussion for both new and funded traders.

Blueberry has also begun publishing verified payout proofs, showing consistent payment reliability as the program continues to expand.

Our Verdict on Blueberry Funded 

Blueberry Funded scored 93/100 overall which came down to accessible pricing, professional trading conditions, and a clear selection of challenges for every experience level. Whether you want instant access to capital or prefer to earn funding through structured evaluations, the options are well balanced with fair trading rules.

With regulatory backing, strong platform coverage, and transparent costs, it’s by far one of the most complete prop trading firms currently available.

Visit Blueberry Funded

FXIFY ranked 4th overall, but it holds 1st place on our instant funding prop firm list. You can start with up to $50,000 in capital instantly, scale to $4 million, and keep up to 90% of your profits. Prefer to go through an evaluation? FXIFY also offers One Step, Two Step, and Three Step challenges.

Backed by FXPIG, FXIFY combines tight pricing, fast execution, and an active Discord community for added support.

Use our latest prop coupon code PROPFIRMS15 for 15% off challenge fees. 

FXIFY scored 83/100 and is the 4th best prop firm we tested thanks to its instant funding accounts and flexible evaluation challenges. You can start with up to $50,000 in capital immediately, making it one of the best prop firms if you want to skip the entire evaluation process and trade straight away.

For those who prefer an evaluation, FXIFY also offers Lightning, One Step, Two Step, and Three Step challenges, with scalable account sizes and profit splits up to 90%. You can also trade futures through their FXIFY Futures branch, which came in 7th place on our list after establishing a reputation as the best futures prop firm worldwide.

Prop Challenges and Accounts

FXIFY offers four funding options, including a direct instant funding account and three evaluation challenges:

1. Instant Funding Account: No challenge required, you can start trading immediately with up to $50,000 in capital. Comes with an 8% trailing drawdown and 90% profit split.
2. One Step Challenge: A single-phase challenge with a 10% profit target and a 6% max drawdown, designed for traders who want a faster route to funding.
3. Two Step Challenge: A structured two-step evaluation, requiring 10% profit in Phase 1 and 5% in Phase 2, with a 10% trailing drawdown limit.
4. Three Step Challenge: The most gradual challenge, designed for lower-risk traders, requiring 5% profit in each phase, with a 5% daily loss cap.

Markets and Leverage

FXIFY provides access to 100+ trading instruments, including forex pairs, indices, commodities like gold and crude oil, major stocks (MT5 only), and cryptocurrencies (MT4 & MT5 only).

Standard leverage is 30:1 for forex and gold, 10:1 for indices, and 2:1 for stocks and crypto, with an optional upgrade to 50:1 leverage for forex and gold.

Trust and Community

FXIFY is backed by FXPIG, a trusted forex broker, ensuring competitive pricing and fast execution. The firm has built a strong trader community, with over 38,000 members on Discord and a 4.2/5 TrustPilot rating.

While FXIFY generally receives positive reviews for its flexible account options and profit splits, some traders report delays in payouts for larger accounts and limited transparency on spreads.

Our Verdict on FXIFY

FXIFY is the best prop firm for instant funding, offering traders capital from day one without a challenge. With profit splits up to 90%, flexible evaluation options, and a scaling plan that can grow accounts to $4M, it took spot number fourth on our best prop trading firms list for 2026.

FundedNext came in 5th place, offering funded accounts with profit splits up to 95%, a flexible scaling plan, and fast withdrawals. Use exclusive discount code PROPFIRMS to receive a 120% refund after completing your challenge.

You can choose between the Stellar and Stellar Lite models, depending on your trading style and budget. With account scaling up to $4 million and bi-weekly withdrawals, FundedNext is a top prop firm if you want fast access to funding and flexible trading options.

FundedNext has quickly become a recognised player in the prop trading space, earning a score of 92/100 and 5th place on our best prop firms list.

Launched in 2022, it offers a high profit share, flexible trading challenges, and fast profit earning from the start of its evaluation phase.

Best Prop Firms readers can take advantage of our exclusive discount code, PROPFIRMS, to receive a 120% refund after completing the evaluation process.

Prop Challenges and Accounts

FundedNext offers two core models: Stellar and Stellar Lite.

• Stellar accounts include both one-step and two-step evaluations. You can earn 15% profit share during the challenge phase, with payouts just 5 business days after passing the one-step model, or monthly for the two-step.
• Stellar Lite is a lower-cost, two-step model with slightly tighter risk limits. It doesn’t offer challenge-phase payouts, but unlocks 95% profit share once you’re funded.

There are no time limits on any challenges, and you can boost flexibility with add-ons like no minimum trading days, extended drawdowns, and bi-weekly payouts.

FundedNext publicly shares weekly payout data, with over $2.1 million paid out in the first week of April alone and an average payout time of just 8 hours and 34 minutes. They also highlight top trader earnings, including profit splits like the $14,835 and $18,694 payouts shown below. This level of transparency, backed by real proof, sets FundedNext apart from less verified prop firms.

Markets and Leverage

FundedNext gives you access to 83 markets: 50 forex pairs, 18 indices, 5 commodities, and 10 cryptocurrencies.

Leverage goes up to 100:1 for forex and indices on most accounts, and 2:1 for crypto. Stellar One Step accounts have 30:1 leverage for added risk control.

Trading Platforms

You can trade using MT4, MT5, cTrader, or Match-Trader. MT4 and MT5 are free, but cTrader and Match-Trader have a $25 fee and are limited to smaller account sizes. MT5 also integrates with TradingView for advanced charting, though this feature is temporarily paused for updates.

MT4 and MT5 accounts allow EAs and algorithmic trading. Automated trading isn’t available on cTrader.

Trust and Community

FundedNext has a 4.6/5 rating on Trustpilot and a large, active community with over 225,000 members on Discord. It also runs a busy Telegram channel and has 77K+ subscribers on YouTube with over 1,200 trading education videos.

Support is available 24/7 via live chat and email, and funded traders get direct access to in-house experts through Pro Support.

Our Verdict on FundedNext

FundedNext offers a fast track to profitability, with an immediate 15% profit from day one and the potential to scale up to $4 million in capital.

With profit splits up to 95%, a maximum funding cap of $4 million, and challenge models for every budget, it’s one of the most adaptable prop firms on the market.

Visit FundedNext

ThinkCapital came in 6th place on our list of best prop firms, combining affordability with flexibility. The broker backed prop firm has super low fees starting at $39 as well as high profit splits up to 90%, which earnt it a score of 91/100 overall.

Its three challenge types (Lightning, Dual Step, and Nexus) suit a range of trading styles, and the integration of ThinkTrader with TradingView provides strong technical analysis tools.

The prop firm scores 91/100 with up to 90% profit splits, account sizes from $5,000 to $200,000, and bi-weekly payouts. ThinkCapital offers three evaluation challenges tailored to different trading styles: Lightning (1-step), Dual Step (2-step), and Nexus (3-step).

Prop Challenges and Accounts

ThinkCapital’s challenges cater to diverse trading preferences. The Lightning Challenge provides a straightforward one-step evaluation with a 10% profit target, while the Dual Step Challenge offers more structure with two evaluation phases.

The Nexus Challenge focuses on advanced risk management and consistency with a three-step evaluation and an 18% total profit target.

Markets and Leverage

ThinkCapital offers diverse financial instruments, including forex, commodities, indices, and cryptocurrencies. Leverage varies depending on the platform and challenge type, ranging from 1:30 to 1:100 for forex and 1:2 for cryptocurrencies.

Trading Platforms

ThinkCapital offers ThinkTrader, which integrates directly with TradingView, giving you access to advanced charting tools and seamless trading execution. If you’re familiar with TradingView, you’ll appreciate how easy it is to place trades straight from charts, use built-in indicators, or even set up automated strategies. The integration means you can focus on analysis without jumping between platforms.

For those who prefer more traditional platforms, MT5 is also available. It’s a solid choice if you want automated trading via Expert Advisors or need access to multi-threaded backtesting for testing your strategy. Both options cater to different trading styles, whether you’re into manual trading or algorithmic setups.

Trust and Community

ThinkCapital holds a Trustpilot score of 4.5/5, with users praising its transparent trading rules, fast payouts, and responsive support. The firm’s 9,000-member Discord community offers traders a platform to share strategies and success stories.

Our Verdict on ThinkCapital

ThinkCapital is a strong choice for traders seeking competitive evaluation challenges and flexible account options. Its three-step Nexus Challenge stands out for experienced traders, while the Lightning Challenge appeals to those new to prop trading.

IC Funded is ranked 7th overall in our overall best prop firm list. Its backed by IC Markets and offers ultra-low spreads from 0 pips, competitive fees, and top-tier platforms like MT4, MT5, and cTrader.

With funding up to $500,000 and profit splits of 75%–80%, IC Funded is a strong choice if you’re focused on forex and want low-cost trading with a trusted provider.

Enter PROPFIRMS25 at checkout to get 25% off challenge fees!

IC Funded scored 90/100 thanks to its low audition fees and strong connection to IC Markets. As a sister company to one of the best forex brokers in the world, the prop firm is able to provide spreads as low as 0 pips plus a competitive commission fee of $3.50 per side.

IC Funded is a great option for those looking for the tightest spreads available, and funded accounts are rewarded with a profit split of 75% to 80% after passing the two-phase evaluation process.

Prop Challenges and Accounts

IC Funded offers a total of seven evaluation levels, with account sizes ranging from $5,000 to $500,000. Our full IC Funded Review found the audition fees to be competitive, allowing traders to demonstrate their skills without risking significant capital.

Markets and Leverage

Our research found that IC Funded offers a broad range of financial markets, including:

• Forex: 66 currency pairs, covering majors, minors, and exotics.
• Commodities: 5 commodities, including gold and oil.
• Indices: 25 global indices CFDs.

Leverage options vary, with up to 50:1 available for forex and gold, and 10:1 for indices and other commodities.

Trading Platforms

IC Funded provides access to the three most popular trading platforms: MT4, MT5, and cTrader. Each platform is equipped with unique features that cater to different trading styles.

Trust and Community 

IC Funded is backed by IC Markets, a well-established and regulated broker. This connection enhances trust and provides traders with confidence in the firm’s reliability.

While IC Funded is not regulated itself, the oversight from IC Markets by regulators like ASIC in Australia adds a layer of security. The firm fosters a supportive trading community, allowing traders to engage and share insights.

Our Verdict on IC Funded

IC Funded is one of the best prop firms for traders seeking access to funded accounts with low entry costs and a solid profit-sharing model.

The clear evaluation process, diverse market access, and support for popular trading platforms make it a top choice in the prop trading space.

Visit IC Funded

FXIFY Futures ranks 8th overall in our list of the best prop firms worldwide, and it’s the highest-rated futures prop firm we tested, scoring 88/100.

You only need to pass a one-step evaluation with no time limit, and once funded, there are no ongoing fees. Profit splits start at 80% and scale to 100%, with payouts every 14 days.

Funding goes up to $150,000, with real-time CME data and TradingView charts on FXIFY’s custom FFX Platform.

Use our FXIFY Futures promo code PROPFIRMS15 to get 15% off your challenge fee.

FXIFY Futures ranked highly for its low-cost evaluation, fast funding process, and no monthly fees once you go live.

You can choose between two types of futures trading accounts, the Starter Plan or the Expert Plan. Both use the same one step evaluation format, but differ in pricing, position limits, and payout structure.

Futures Prop Challenges

The Starter Plan is a lower-cost option with a smaller position size cap and a fixed activation fee. The Expert Plan removes the activation fee, increases your contract limits, and starts at a higher profit split.

Both futures challenges have no time limit to complete the evaluation, and you can withdraw profits every 14 days. Payouts scale from 60% up to 100% once you’re funded.

Markets and Leverage

FXIFY Futures offers access to major CME markets, including equity indices like the E-mini S&P 500, micro contracts, metals, energy, and forex futures. Pricing is round-turn and includes exchange and regulatory fees. For example, micro equity futures cost $0.74 per round-turn, while full-size equity contracts are $2.80.

You can trade up to 15 contracts depending on your plan and account size, with leverage based on futures margin requirements. Real-time CME data is included on all accounts.

Trading Platforms

FXIFY Futures only supports the FFX Platform, a web-based platform built for futures trading.

• TradingView charting tools
• Real-time CME data included
• Bracket orders, drag-and-drop trade entry
• Level 2 data upgrade available

Trust and Community

FXIFY Futures is backed by FXIFY and FXPIG, providing credibility from a known broker and CFD prop trading brand.

It has a growing Discord community with over 38,000 members, offering payout proof, admin verification, and peer support. While its Trustpilot score is currently 3/5, it’s based on early reviews and expected to grow with time.

Our Verdict on FXIFY Futures

FXIFY Futures is one of best futures prop firm for 2026 thanks to its one-step challenge, no time limits, and profit splits up to 100%. While the platform lacks NinjaTrader or EA support, its built-in TradingView charts and real-time CME data make it a strong choice if you’re looking for flexible futures funding with no ongoing fees after passing.

Visit FXIFY Futures

OANDA Prop Trader ranked 9th overall in our firsthand prop firm testing and is one of the best options for beginner traders. It offers low entry fees from $35, profit splits up to 90%, and uses the trusted MT5 platform for trading forex, indices, and commodities.

With flexible challenge models and account sizes from $5,000 to $500,000, it’s a straightforward way to get started with prop trading.

Use the discount code PROPFIRMS to get 20% off evaluation fees, making it one of the cheapest ways to get funded!

OANDA Prop Trader is ranked 9th on our list of the best prop firms with a score of 85/100, and while suited to all levels of trading experience, is a great prop firm for beginners new to prop challenges.

With affordable entry fees starting from just $35 and profit splits reaching up to 90%, OANDA provides a straightforward and accessible path to funded trading.

Backed by the trusted OANDA brand, traders can access a range of markets including forex, indices, and commodities, all on the reliable MetaTrader 5 platform.

Whether you’re looking to start small or aim for larger profits, OANDA’s flexible challenges make it an attractive option for traders of all levels.

Prop Challenges and Accounts

OANDA Prop Trader offers two styles of prop challenges:

1. Classic Challenge: Suitable for beginners, with account sizes ranging from $5,000 to $500,000. Classic challenges have a trailing drawdown, a 80% profit split, and fees starting at $35.
2. Boost Challenge: Designed for experienced traders, offering profit shares between 80% – 90% with account sizes from $25,000 to $100,000. The challenge has a static drawdown and fees from $249.

Markets and Leverage

OANDA provides access to 56 instruments, including forex, indices, and commodities. Leverage goes up to 100:1 for forex, and 50:1 for indices and commodities, offering traders ample market exposure.

Trading Platforms

OANDA Prop Trader uses MetaTrader 5 (MT5), a popular platform with advanced charting tools and support for automated trading through Expert Advisors (EAs). While MT5 is a solid choice for most traders, some may find the lack of platform variety limiting.

Trust and Community 

Backed by the well-established OANDA brand, this prop firm benefits from a strong reputation within the trading industry. Although OANDA Prop Trader isn’t regulated, its connection to the larger OANDA brand lends it credibility and trust.

Our Verdict on OANDA

OANDA Prop Trader offers a solid option for both beginners and experienced traders, with flexible account sizes and competitive profit splits of up to 90%.

The low entry fees, especially in the Classic Challenge, make it accessible for newer traders, while the Boost Challenge provides higher returns for those seeking larger profits. However, the limited platform choice and lack of cryptocurrency trading may be a downside for some.

Visit OANDA

FTMO came in 10th place with a score of 83/100, thanks to its popular scaling plan, flexible account types, and profit splits up to 90% for consistent performance. Its two-step evaluation process balances achievable profit targets with manageable risk limits, and the FTMO name is a trusted name in the prop trading industry.

Supporting platforms like MT4, MT5, and cTrader, FTMO is an solid choice for traders aiming to grow their capital through scaling and long-term consistency.

FTMO came in 10th place of all the prop firms we tested, scoring 83/100 thanks to its great scaling plan and reputation. It provides you with an 80% profit split initially, increasing to 90% for consistent performance.

The prop firm offers a structured two-step evaluation process with clear profit targets and loss limits, but better suited to experienced prop traders with some experience under their belt.

Prop Challenges and Accounts

FTMO offers three main account types:

1. Standard Account: Suitable for balanced trading with a 10% profit target during the Challenge phase and a 5% target during Verification. The daily loss limit is 5%, and the maximum overall loss is 10%.
2. Aggressive Account: For traders comfortable with higher risk, requiring a 20% profit target during the Challenge and 10% during Verification, with increased loss limits.
3. Swing Account: Designed for long-term traders, offering the flexibility to hold positions over weekends and during news events, with reduced leverage up to 1:30.

The audition fees range from €155 to €1,080, depending on the account size. FTMO offers an automatic scaling plan, increasing account sizes by 25% every four months if traders meet a 10% profit target. The firm supports accounts up to $2 million through this plan.

Markets and Leverage

FTMO provides access to a diverse range of financial markets, including 28 major and minor forex pairs, popular commodities like gold, silver, and oil, as well as global indices such as the US30, GER40, and UK100.

For traders interested in cryptocurrencies, FTMO offers access to assets like Bitcoin, Ethereum, and Litecoin. Additionally, the platform supports trading in select global stocks, including leading companies like Apple, Amazon, and Tesla.

Leverage varies depending on the account:

• Standard and Aggressive: up to 1:100
• Swing: up to 1:30 for lower-risk trading over longer periods

Trading Platforms

FTMO supports four main platforms:

• MetaTrader 4 (MT4) & MetaTrader 5 (MT5): Known for automated trading and customisable tools.
• cTrader: Offers Depth of Market (DOM) and advanced charting for experienced traders.
• DXtrade: A multi-asset trading platform offering advanced functionalities but available only as a webtrader.

Trust and Community 

FTMO has earned a 4.9/5 rating on Trustpilot with over 5,000 positive reviews. The firm’s social media presence on Instagram, YouTube, and Twitter is active, focusing on educational content, tips, and trader interviews.

FTMO’s support is available 24/7 via live chat, phone, and email, making them accessible and reliable for traders.

Our Verdict on FTMO

FTMO provides a great automatic scaling plan and offers solid account flexibility through Standard, Aggressive, and Swing options.

With a two-step evaluation process and transparent rules, it’s a top choice for serious traders aiming for growth and consistency. However, the commission charges on trades may be drawbacks for some.

Visit FTMO