We compared the best prop firms to find the most affordable options based on 100K two-step challenge fees. Our rankings of the cheapest prop trading firms focus on those that offer the lowest entry costs while maintaining trader-friendly conditions, high profit splits, and flexible payout structures.
Upfront fees and trading conditions for 100K Two-Step Challenge accounts, updated in July 2025.
| Prop Firm | Upfront Fee (100K Two Step Challenge) | Step 1 Profit Target | Step 2 Profit Target | Max Daily Loss | Max Loss | Minimum Trading Days (per Step) |
|---|---|---|---|---|---|---|
| IC Funded | $499 | $10,000 | $5,000 | $4,000 | $8,000 | 5 |
| ThinkCapital | $499 | $8,000 | $5,000 | $4,000 | $8,000 | 3 |
| Blueberry Funded | $500 | $10,000 | $5,000 | $5,000 | $10,000 | 3 |
| Seacrest Funded | $500 | $8,000 | $5,000 | $5,000 | $8,000 | 3 |
| City Traders Imperium | $519 | $10,000 | $5,000 | $5,000 | $10,000 | 3 |
| BrightFunded | $535 | $8,000 | $5,000 | $5,000 | $10,000 | 5 |
| The 5%ers | $545 | $8,000 | $5,000 | $5,000 | $10,000 | 3 |
| Funded Trading Plus | $547 | $8,000 | $5,000 | $4,000 | $8,000 | 0 |
| FundedNext | $549 | $8,000 | $5,000 | $5,000 | $10,000 | 5 |
| DNA Funded | $549 | $10,000 | $5,000 | $6,000 | $10,000 | 3 |
Reference: 100K Two-Step Challenge Fees | July 2025
The table above compares upfront costs, profit targets, and drawdown limits for prop trading challenges based on a 100K Two-Step account.
The unit of measurement is USD.
We reviewed the cheapest prop trading accounts from reputable prop firms
The cheapest prop firms charge the lowest fees for challenges while also providing you the best trading conditions for funded accounts. As well as low entry costs, when looking for cheap firms you need to keep an eye out for high profit splits, no activation fees, scaling opportunities, and transparent commission fees.
Prop Firm Score
Challenge Types
Two Step
Trading Platforms
MT4, MT5, cTrader
Profit Payout
75% – 80%
Why We Recommend IC Funded
Amongst all the reputable prop firms we’ve tested, IC Funded has the cheapest fees and best trading conditions. With the PROPFIRMS25 promo code challenge fees start at just $37, making it the cheapest funded account.
Pros & Cons
Prop Firm Details
IC Funded ranked as the cheapest prop firm overall, offering a two phase evaluation process with challenge fees as low as $49. Backed by regulated forex broker IC Markets, you gain access to their ECN like trading conditions with ultra-low spreads from 0 pips.
By using the exclusive promo code PROPFIRMS25, you can reduce your challenge fees by 25%, cementing IC Funded as the cheapest options for prop trading.
Challenges and Fees
IC Funded offers a structured two-phase challenge that allows you to access a funded account if you pass, with minimal upfront cost. The challenge fees vary by account size, and with the PROPFIRMS25 discount code, fees are as low as $37.
You also receive a full refund of your challenge fee upon your first profit withdrawal. Below is a breakdown of the evaluation fees before and after the 25% discount:
| Evaluation Level | Account Size | Challenge Fee | Discounted Fee (25% Off) | Max Daily Loss | Max Overall Loss | Profit Targets (%) |
|---|---|---|---|---|---|---|
| Level 1 | $5,000 | $49 | $37 | $250 | $500 | 10%, 5% |
| Level 2 | $10,000 | $99 | $74 | $500 | $1,000 | 10%, 5% |
| Level 3 | $25,000 | $149 | $112 | $1,250 | $2,500 | 10%, 5% |
| Level 4 | $50,000 | $289 | $217 | $2,500 | $5,000 | 10%, 5% |
| Level 5 | $100,000 | $499 | $374 | $5,000 | $10,000 | 10%, 5% |
| Level 6 | $250,000 | $1,249 | $937 | $12,500 | $25,000 | 10%, 5% |
| Level 7 | $500,000 | $2,498 | $1,874 | $25,000 | $50,000 | 10%, 5% |
IC Funded allows you to scale your account up to a maximum of $500,000 as well, offering an opportunity to grow your trading capital over time.
You can trade some of the lowest forex spreads we’ve seen, starting from 0 pips plus $3.50 commission. When prop trading when IC Funded you do need to follow their consistency rules that requires you to trade in a steady manner without abrupt changes in your trade sizes or strategies.
Any breach of the firms risk management rules, like exceeding daily or overall loss limits, results in closure of your challenge or funded account.
A perk is there’s no time limits on completing the challenge, allowing you to progress at your own pace while working towards the challenges targets and rules.
Other Key Details
IC Funded offers a balanced trading environment:
Verdict on IC Funded
IC Funded offers one of the most cost-effective prop trading opportunities, especially with the 25% promo code discount. Its backing by IC Markets, low spreads, and flexible trading conditions make it a top choice if you are looking for a cheap funded account. However, the scaling cap at $500K may be limiting if you want future account growth.
Prop Firm Score
Challenge Types
One Step, Two Step, Three Step
Trading Platforms
MT5, ThinkTrader + TradingView
Profit Payout
Up to 90%
Why We Recommend ThinkCapital
ThinkCapital is a broker-backed prop firm with affordable challenge fees starting at $39 and account sizes up to $200K. It offers three evaluation challenges with Lightning, Dual Step, and Nexus accounts, giving you the choice between a fast-track one-step challenge or structured multi-phase evaluations.
Pros & Cons
Prop Firm Details
ThinkCapital is 2nd on our list of cheap prop firms, offering a broker-backed prop trading experience with affordable challenge fees and high-leverage options. You can choose from three evaluation challenges, each with different risk parameters and profit targets.
Challenges and Fees
ThinkCapital offers three challenge types:
ThinkCapital’s scaling plan allows you to grow your account balance by 20% every three months, with a maximum funding cap of $1M, making it a solid option if you are aiming for long-term account growth.
The prop firm offers raw spreads from 0 pips on MT5, though if you use this platform will incur a $4 per lot commission on forex and metals. Alternatively, ThinkTrader users can trade commission-free, but with slightly wider spreads.
Payouts are processed bi-weekly by default, ensuring consistent access to profits, while an optional weekly payout add-on provides even greater flexibility. You can also customize your accounts with 90% profit splits, access to news trading, and EA support, tailoring your setup to match their preferred strategy.
Other Key Details
ThinkCapital combines affordable challenges, flexible payouts, and scaling potential with a broker-backed trading environment. Its high-leverage options and bi-weekly payouts make it attractive, but its crypto-only payout method and smaller community may be drawbacks.
Verdict on ThinkCapital
ThinkCapital provides a high-leverage prop trading experience with affordable fees, flexible evaluation options, and rapid bi-weekly payouts. The scaling plan up to $1M, raw spreads, and customizable account add-ons make it an appealing option if you are looking to grow your funded account over time.
Prop Firm Score
Challenge Types
One Step, Two Step, Rapid, Stock
Trading Platforms
MT4, MT5, DXTrade, TradeLocker
Profit Payout
80% – 90%
Why We Recommend Blueberry Funded
Blueberry Funded offers some of the lowest-cost prop challenges, starting from $32.50, with the 100K two-step challenge priced at just $500. The prop firm scored 93/100 overall, ranking 3rd on our list of the cheapest prop firms.
It is also the only low-fee prop firm offering structured stock trading, making it great value for both forex and share traders.
Use the exclusive promo code PROPFIRMS20 to save 20% off your challenge fees.
Pros & Cons
Prop Firm Details
Blueberry Funded ranks as the 3rd most affordable prop firm on our list, with an overall score of 93/100 thanks to low-cost evaluations, diverse market access, platform range, and payout reliability.
You can choose from four challenge types, including a stock-specific model with access to 1,000+ US shares. Entry fees start from just $32.50, and all challenges include bi-weekly payouts and profit splits up to 90%. The prop firm is also backed by Blueberry Markets, an ASIC-regulated forex broker, adding credibility and execution quality.
Challenges and Fees
Blueberry Funded offers four challenge types and allows trading on multiple platforms, with account sizes from $5,000 to $200,000.
Scaling is available across all challenges. If you meet a 10% net profit and complete four successful payouts within 3 months, your account balance increases by 25%, up to a maximum simulated allocation of $2 million.
The Two Step Challenge is priced at $500 for a 100K account, keeping it among the lowest-cost evaluations available.
Other Key Details
Blueberry Funded combines transparent trading rules, good market access, and low challenge fees across all accounts:
Verdict on Blueberry Funded
Blueberry Funded is one of the most affordable and well-rounded prop firms available. With bi-weekly payouts, fees from $32.50, and a clear path to $2M funding, and backing from a regulated broker, it the 3rd cheapest prop firm on our list.
Prop Firm Score
Challenge Types
One Step, Two Step, Three Step
Trading Platforms
MT5, MatchTrader, cTrader, DXTrade
Profit Payout
80% – 90%
Why We Recommend Seacrest Funded
Seacrest Funded offers a range of low-cost trading challenges, with one-step evaluations starting at just $50. This makes it one of the most affordable entry points for traders looking to secure a funded account.
Pros & Cons
Prop Firm Details
Seacrest Funded (previously known as MyFundedFX or MFFX), provides a mix of one-step, two-step, and three-step evaluations, catering to different risk levels. While its leverage is lower than competitors, the prop firm’s active trading community, flexible payouts, and competitive spreads earn it
Challenges and Fees
Seacrest Funded offers four challenge types:
If you want a higher split, you can increase your profit share to 90% by paying 20% extra on your challenge fee when you sign up, which can add up for larger account sizes.
A scaling plan is also available to grow your accounts, increasing account size by 25% every three months if you meet a 12% profit target over 90 days.
While the prop firm advertises spreads from 0 pips and commission fees are as low as $3 per lot.
Other Key Details
Seacrest Funded offers low-cost evaluations, flexible payouts, and an engaged trading community. However, lower max leverage of 1:30 and restrictions on algo trading may be drawbacks for some.
Verdict on Seacrest Funded
Seacrest Funded placed 4th on our list of the cheapest firms and is a great choice if you are looking for a low-cost one-step challenge, with quick payouts and strong community engagement. The scaling plan, 90% profit split upgrade, and multiple trading platforms add flexibility, but lower leverage and EA restrictions may not suit everyone.
Prop Firm Score
Challenge Types
Instant, One Step, Two Step
Trading Platforms
MT5, MatchTrader, cTrader, DXTrade
Profit Payout
80% – 90%
Why We Recommend CTI
City Traders Imperium (CTI) combines low fees, a monthly trader salary, and profit splits of up to 100%. The prop firm provides multiple funding options and a scaling plan for long-term growth.
Pros & Cons
Prop Firm Details
CTI offers multiple challenge types, including instant funding if you want to skip evaluations entirely. A major perk is funded traders receive a monthly salary based on account size, which is not offered by many firms.
The Golden Trader Loyalty Program also rewards you with higher profit splits, faster payouts, and coaching is you can prove consistent performance and trading, which makes it a good option if you are in it for the long haul.
Challenges and Fees
CTI offers four different challenge types:
| Challenge Type | Audition Fees | Account Sizes | Max Time Limit | Min Active Trading Days | Profit Target | Max Drawdown | Profit Share |
|---|---|---|---|---|---|---|---|
| 2-Step Evaluation Process | $39 - $519 | $2.5k - $100k | Unlimited | 5 Days | 10%, 5% | 10% | 80-100% |
| 1-Step Evaluation Process | $29 - $449 | $2.5k - $100K | Unlimited | None | 10% | 6% | 80-100% |
| Instant Funding | $69 - $1,499 | $2.5k - $80k | Unlimited | None | 10% | 6% | Up to 100% |
| Instant Funding Pro | $299 - $4,799 | $5k - $80k | Unlimited | None | 10% | 6% | Up to 100% |
On top of your standard profit share, CTI is also one of the few prop firms that pays a monthly salary to funded traders. Your salary scales up with account size, starting from $12.50 per month and going up to $500 per month for a $100K account.
CTI also offers a scaling plan, allowing you to grow your capital allocation up to $2M by meeting profit milestones.
Verdict on City Traders Imperium
City Traders Imperium offers a unique mix of profit splits up to 100%, instant funding options, and a trader salary program, making it ideal if you are seeking both short-term payouts and long-term capital growth.
Prop Firm Score
Challenge Types
Two Step
Trading Platforms
cTrader, MT5, DXtrade
Profit Payout
80% – 100%
Why We Recommend BrightFunded
BrightFunded is popular thanks to its great Trade2Earn loyalty program, rewarding you for your trading activity regardless of the outcomes. They also offer unlimited scaling with high profit splits, allowing you to grow your account over time. Use the exclusive promo code PROPFIRMS20 for a 20% discount on your challenge fees.
Pros & Cons
Prop Firm Details
BrightFunded makes our cheapest prop firms list because its challenges start at just €55. Despite the low entry price, it doesn’t cut corners, you still get access to three top platforms (MT5, cTrader, and DXtrade), fast payouts, and an unlimited scaling plan that lets your account grow without limits.
Challenges and Fees
BrightFunded runs a traditional two step evaluation process. In the first step, you’ll need to reach an 8% profit target while respecting a 5% daily drawdown and 10% total drawdown. In step two, the target drops to 5% with the same limits. Minimum trading days are set at five per step (but this can be eliminated with addons) and there’s no maximum time limit, so you can trade at your own pace. Account sizes range from $5K to $200K, with fees between €55 and €975 depending on the size.
| Account Size (USD) | Challenge Fee | Phase 1 Profit Target (USD) | Phase 2 Profit Target (USD) | Max Daily Loss (USD) | Max Total Drawdown (USD) |
|---|---|---|---|---|---|
| $5,000 | €55.00 | $400 | $250 | $250 | $500 |
| $10,000 | €95.00 | $800 | $500 | $500 | $1,000 |
| $25,000 | €195.00 | $2,000 | $1,250 | $1,250 | $2,500 |
| $50,000 | €295.00 | $4,000 | $2,500 | $2,500 | $5,000 |
| $100,000 | €495.00 | $8,000 | $5,000 | $5,000 | $10,000 |
| $200,000 | €975.00 | $16,000 | $10,000 | $10,000 | $20,000 |
You can tailor your challenge with add-ons that adjust payouts and trading rules. Options include weekly or bi-weekly payouts, a 90% starting profit split, no minimum trading days, swap-free accounts, and even a refundable challenge fee. These extras do cost more, but they let you tailor things to your ideal account.
BrightFunded unlimited scaling plan is also one of the best in the industry, increasing account size by 30% every four months, provided you meet profit targets and other criteria.
Verdict on BrightFunded
BrightFunded is 6th on our cheapest prop firm shortlist because it balances low entry fees with trader friendly features like scaling, loyalty rewards, and high profit splits. It’s a flexible, affordable option that works for both new and experienced traders, and the unlimited growth potential gives it an edge over other budget firms.
Prop Firm Score
Challenge Types
One Step, Two Step, Three Step
Trading Platforms
MT5, MatchTrader
Profit Payout
80% – 100%
Why We Recommend The 5%ers
The 5%ers provide a mix of evaluation programs with account scaling up to $4 million and profit splits as high as 100%. The firm offers trading across forex, indices, commodities, stocks, and crypto, and is one of the most well-known and popular prop firms worldwide.
Pros & Cons
Prop Firm Details
The 5%ers is a well-established prop firm offering multiple challenge structures, each catering to different preferences. The firm is popular because you can scale up your accounts to $4 million and quick funding with their Hyper Growth program.
Challenges and Fees
The 5%ers offers four main challenge types, each with different risk levels and evaluation steps:
Overall, The 5%ers provides a structured funding model, high profit splits, and multiple trading challenges,
Verdict on The 5%ers
The 5%ershas impressive account growth, high profit splits, and diversified market access. The firm’s variety of challenges allow you to choose between gradual progression and high-stakes trading. However, it’s lack of transparency on spreads may be a drawback if you are prioritizing low-cost execution.
Prop Firm Score
Challenge Types
Instant, One Step, Two Step
Trading Platforms
DXTrade, Match-Trader, cTrader, MT4, MT5
Profit Payout
80% – 90%
Why We Recommend FTP
Funded Trading Plus offers a variety of funding options, including One-Phase, Two-Phase, and Instant Funding challenges. You can work towards funded accounts up to $200,000 and earn profit splits between 80% and 90%.
Pros & Cons
Prop Firm Details
Funded Trading Plus (FTP) is a London-based prop trading firm that provides a structured evaluation process with multiple challenge formats. With flexible payout schedules (3, 5, or 7 days) and optional profit split upgrades (up to 90%), it is one of the more adaptable firms.
Challenges and Fees
Funded Trading Plus offers three primary challenge types:
Funded Trading Plus balances flexible evaluation structures with competitive profit splits and scaling potential up to $5 million.
Verdict on Funded Trading Plus
Funded Trading Plus is known for its flexible challenge types, quick payout processing, and account scaling opportunities. However, the lack of transparency on spreads and higher costs for instant funding can put you off. But, if you’re looking for an adaptable funding model with strong community support, Funded Trading Plus may be an option worth considering.
Prop Firm Score
Challenge Types
One Step, Two Step
Trading Platforms
MT4, MT5, cTrader, Match-Trader
Profit Payout
Up to 95%
Why We Recommend FundedNext
FundedNext is the best value prop firm if you want flexible evaluation types and payout focused accounts. The Stellar Lite challenge starts at just $32, making it one of the most cheapest challenges out. You can also choose a faster 1-step challenge, a more relaxed 2-step, or a low-cost Lite model, all with profit splits up to 95% and scaling to $4 million.
Use code PROPFIRMS to get a 120% refund on your challenge . You’ll get 100% back plus 20% extra in cash when you withdraw profits.
Pros & Cons
Prop Firm Details
FundedNext is a most versatile prop firm with funded accounts ranging from $5,000 to $200,000 and options for both fast-track and lower-cost challenges.
Each model has no time limit and offers a clear payout path, with flexible drawdowns and optional add-ons.
Challenges and Fees
FundedNext offers three account types:
FundedNext provides competitive features:
Verdict on FundedNext
FundedNext delivers strong value with multiple affordable entry points and high payout potential. Whether you’re looking for a quick one-step path, a budget-friendly two-step, or a long-term scaling opportunity, FundedNext offers one of the best cost-to-payout ratios in the industry, especially with the Stellar Lite option starting from just $32.
Prop Firm Score
Challenge Types
One Step, Two Step, 10 Day
Trading Platforms
TradeLocker + TradingView
Profit Payout
80% - 90%
Why We Recommend DNA Funded
DNA Funded is 10th on our list of the cheapest prop firm with low cost challenges, transparent rules, and strong backing from regulated broker DNA Markets. With three challenge types and flexible add-ons for faster payouts and higher profit splits, it offers solid value across all key areas.
Use the DNA Funded promo code PROPFIRMS25 for a 25% discount!
Pros & Cons
Prop Firm Details
DNA Funded is fully broker-backed, using DNA Markets as its liquidity provider. This allows for very low spreads (0.0 pips on EUR/USD) and a flat $5 commission per trade. This combined with reasonable challenge fees make it a great option if you are used to CFD trading conditions.
Challenges and Fees
DNA Funded offers three main account types:
Note: A 40% daily profit cap applies across all challenges. This means no more than 40% of your total payout target can be generated in a single day.
DNA Funded stands out with broker-backed conditions and flexible trading rules:
Verdict on DNA Funded
DNA Funded is 10th on our list of the cheapest prop firms, offering a mix of broker-backed trading conditions, low-cost challenges, and flexible payout structures. With up to 90% profit splits and a wide range of markets, it suits both swing and intraday traders.
To identify the cheapest prop firms, we focused on the cost of their 100K Two-Step Challenge accounts. This challenge type is one of the most common across prop firms, making it a fair and direct comparison. We ranked firms purely based on their fees, ensuring a straightforward look at affordability. Our top 10 list highlights the most cost-effective firms that also meet our quality benchmarks, helping traders find the best balance between price and trustworthiness.
However, price alone isn’t enough. To maintain quality standards, we excluded low scoring prop firms in our overall rankings. Our scoring system considers factors like trading rules, profit payouts, platform options, and transparency. By filtering out lower-rated firms, we ensure that traders get both affordability and reliability.
While our list focuses on the best prop trading firms, some did not meet the criteria to be included. Firms like Lark Funding and OneUp Trader received overall scores between 50/100 – 65/100. While they are legitimate and functional, they do not offer the same level of value, reliability, or trader-friendly conditions as the firms in our top rankings.
These firms tend to struggle in a few key areas such as:
Prop trading firms that score below 50/100 during our testing process typically have serious concerns such as unclear payout policies, high challenge fees, poor customer support, or restrictive trading rules. Prop firms such as Goat Funded Trader, Alpha Capital, and Funding Pips fall into this category as we found them to offer less attractive evaluation processes and funded accounts to traders.
For traders looking for the most cost-effective, reliable, and high-payout prop firms, we recommend choosing those that score above 80/100 in our rankings. You can explore our full list of the best prop firms to find the most trusted options.
The cheapest prop firms based on 100K two-step challenge fees are IC Funded, FXIFY, and ThinkCapital, all priced at $499. Blueberry Funded and Seacrest Funded (aka MyFundedFX) follow closely at $500. These firms not only offer low challenge fees but also provide competitive profit splits, reasonable drawdown limits, and strong funding options.
The most trusted prop firm is DNA Funded with an overall trust score of 97/100, scoring 10/10 in challenges, spreads, and trust due to its low fees, 80%-90% profit splits, and being broker backed by DNA Markets. It offers fast execution, clear trading rules, and reliable payouts, making it the top choice for traders. BrightFunded follows closely with a score of 95/100, with scalable funding and profit splits up to 100%.
The fastest payout prop firm is FXIFY, offering instant withdrawals after the first profitable trade and a default monthly payout schedule, which can be upgraded to bi-weekly payouts with an add-on. With a profit split up to 90% and flexible challenge options, FXIFY provides traders quick access to earnings.
The best prop firms in 2025 are DNA Funded, BrightFunded, and Blueberry Funded, offering low fees, high profit splits, and strong funding opportunities.
DNA Funded is the best prop firm overall for 2025 with fees from $49, profit splits up to 90%, and flexible challenges. BrightFunded allows traders to scale profit splits up to 100%, while Blueberry Funded provides access to 100+ financial markets with low-cost challenges.
Proprietary trading firms fund you with firm capital, allowing you to trade financial markets like forex, stocks, and commodities without risking your own personal money. To get a funded account, you must pass an evaluation process (that is usually one to three steps long depending on the challenge), meeting profit targets and risk limits along the way.
In return for your efforts and strategy development, you earn a profit split, which can be anywhere from 50% to 100%, and usually 80% – 90%
The evaluation process in prop trading firms is designed to test your trading skills before granting access to a funded account. Most firms follow a one-step or two-step challenge model, where you must meet a profit target while staying within risk management limits like drawdowns and maximum losses. To understand the rules and requirements in more detail, it’s important to know how prop trading challenges work. Passing the evaluation allows you to trade with firm capital while earning a profit split.
