Getting along with the right Forex prop firm can be exciting and challenging, especially when finding affordable Forex prop firms.
For traders seeking cost-effective ways to access significant capital, Cheapest Forex prop firms offer a gateway to test strategies, refine skills, and grow without heavy financial commitments. At FX Arial, we’re dedicated to delivering insights that help you make informed decisions in this competitive market.
From a beginner to an experienced trader, understanding how to evaluate these firms is key to maximizing your potential.
In this article, we’ll explore what makes these firms appealing, their benefits, and how they can align with your trading goals—all while keeping costs low and opportunities high.
Do Cheapest Forex Prop Firms Deliver Poor Services?
The perception that the Cheapest Forex prop firms deliver poor services is inaccurate. While affordability might raise concerns about quality, many low-cost firms offer competitive features such as fair profit splits, transparent fee structures, and flexible trading conditions.
However, it’s crucial to assess each firm’s reputation, terms, and support systems. Some budget-friendly firms may cut corners on customer service or impose restrictive rules, but others maintain high standards while keeping costs low.
In the later sections, we have emphasized that affordability doesn’t always mean compromise—thorough research can uncover reliable options that balance cost and quality. Ultimately, the key is to verify the firm's credibility and ensure its offerings align with your trading goals.
Trader Demographics
Prop trading is predominantly male-dominated (78%), with over 60% of clients being Millennials and Gen Z, indicating its appeal to younger generations.
Cheapest Forex Prop Firms You Can Consider
| Prop Firm | Profit Split | Evaluation Process | Max Funding |
|---|---|---|---|
| Quant Tekel | Up to 90% | 1-step, 2-step, and 3-step challenges | $200,000 |
| FundingPips | 60% to 100% | 1-step, 2-step, and instant funding | $100,000 |
| FTUK | Up to 80% | Multi-phase evaluations | Not specified |
| Finotive Funding | 75% to 95% | 1-step, 2-step, and instant funding | $3.2 million |
| Monevis | Up to 85% | Single-phase evaluations | $100,000 |
| DNA Funded | 80% (upgradable to 90%) | Single-phase and multi-phase challenges | $600,000 |
| FunderPro | 80% | 1-step and 2-step evaluations | $5 million |
1. Quant Tekel
Quant Tekel is a South Africa-based Forex prop firm offering traders access to capital ranging from $10,000 to $200,000. Known for its competitive profit split of up to 90%, Quant Tekel provides multiple evaluation models, including 1-step, 2-step, and 3-step challenges. With transparent rules, low commissions ($4 per round lot), and flexible trading platforms like MetaTrader and cTrader, it caters to traders at all levels. The starting price for accounts begins at $276.
Highlights of Quant Tekel
2. Funding Pips
Funding Pips, headquartered in Dubai, is a trader-focused Forex prop firm offering account sizes up to $100,000 with a profit split of up to 100%.
Known for its flexibility and transparency, it provides unlimited trading days, fast payouts (weekly or on-demand), and access to diverse trading instruments like Forex, commodities, indices, and cryptocurrencies. The starting price for Funding Pips accounts is $36, making it an affordable choice for traders at all levels.
Highlights of Funding Pips
3. FTUK
FTUK is a UK-based Forex prop firm offering traders funding options from $10,000 to $100,000, with a profit split of up to 80%. Known for its flexibility, FTUK provides instant, one-step, and two-step funding programs, making it suitable for both beginners and experienced traders.
With transparent rules, advanced trading platforms like cTrader and Match-Trader, and a maximum scaling potential of $6.4 million, FTUK ensures traders have ample growth opportunities. The starting price for FTUK accounts begins at $99.
Highlights of FTUK
4. Finotive Funding
Finotive Funding, based in Cyprus, is a versatile Forex prop firm offering funding options from $2,500 to $200,000. With profit splits ranging from 75% to 95%, it supports traders through its 1-step and 2-step evaluation programs as well as instant funding options.
Known for its high leverage of up to 1:400 and access to MetaTrader 5, Finotive Funding provides a trader-friendly environment. The starting price for accounts begins at $50.
Highlights of Finotive Funding
5. Monevis
Monevis is a cost-effective Forex prop firm offering traders account sizes ranging from $5,000 to $100,000. With a profit split starting at 75% and scaling up to 90%, it supports diverse trading strategies, including scalping and Expert Advisors (EAs).
Monevis operates on its proprietary MetaTrader 5 servers, ensuring stability and fast execution. The firm’s two-step evaluation program features realistic profit targets of 10% (Phase 1) and 5% (Phase 2). The starting price for Monevis accounts is $60.
Highlights of Monevis
6. DNA Funded
DNA Funded is a broker-backed Forex prop firm offering traders access to simulated capital of up to $600,000. With profit splits starting at 80% and upgradeable to 90%, it provides flexible challenge options, including one-phase, two-phase, and rapid challenges.
Traders can access over 800 instruments, including Forex, commodities, indices, and cryptocurrencies. DNA Funded is known for its low fees, fast execution through Trade Locker, and competitive trading conditions. The starting price for challenges begins at $49.
Highlights of DNA Funded
7. FunderPro
FunderPro is a Malta-based Forex prop firm offering traders access to real capital, with account sizes ranging from $5,000 to $200,000 and scaling potential up to $5 million. With an 80% profit split, unlimited trading periods, and no minimum trading day requirements, FunderPro is designed for flexibility.
FunderPro supports multiple evaluation models, including one-step and two-step challenges. The starting price for accounts begins at $49, making it an affordable choice for traders.
Highlights of FunderPro
FAQs About the Cheapest Forex Prop Firms
What are the Cheapest Forex Prop Firms Mentioned in the Article?
Quant Tekel, FundingPips, FTUK, Finotive Funding, Monevis, DNA Funded, and FunderPro are highlighted as affordable options for traders seeking funded accounts.
What makes Quant Tekel unique among Prop Firms?
Quant Tekel offers a 90% profit split, supports multiple trading platforms like MetaTrader and cTrader, and provides account scaling up to $2 million.
What Funding Programs Do FundingPips Offer?
FundingPips provides four funding options: two two-step evaluations, a one-step evaluation, and an instant funding program with a profit split up to 100%.
How does FTUK Support Traders?
FTUK offers instant funding and evaluation accounts with fast scaling options. Traders can keep up to 80% of profits while benefiting from transparent rules.
What is Finotive Funding’s Standout Feature?
Finotive Funding allows account scaling up to $11.4 million, offers profit splits of up to 95%, and imposes no time limits on evaluations.
What Trading Platform does Monevis use?
Monevis operates its own MetaTrader 5 (MT5) servers with a MetaQuotes license, ensuring platform stability and security for traders.
What are DNA Funded’s Key Advantages?
DNA Funded features low fees starting at $49, spreads from 0.0 pips for major Forex pairs, and profit splits of up to 90%.
How Does FunderPro Benefit Traders?
FunderPro funds traders with capital up to $200,000 and guarantees payout liquidity while offering a transparent profit-sharing model.
Can Traders hold Trades overnight or during weekends with these Firms?
Yes, firms like FundingPips allow overnight and weekend holding (except specific programs), while others like Monevis also support flexible strategies.
Which Firm Offers the Highest Potential Account Scaling?
Finotive Funding leads with account scaling up to $11.4 million, followed by Quant Tekel’s $2 million scaling potential.
END NOTE
The cheapest forex prop firms offer diverse options for traders seeking affordable funding opportunities. From Quant Tekel's budget-friendly challenges to FundingPips' scalable profit splits, FTUK's instant funding feature, and Finotive Funding's flexible programs, traders have a range of choices.
Monevis stands out with its fast payouts, while DNA Funded provides broker-backed liquidity and optional boosters. FunderPro rounds out the list with its unique evaluation structures. When selecting a Cheapest forex prop firms, consider factors like profit targets, drawdown rules, and scaling opportunities. Ultimately, the best cheapest forex prop firms will depend on your trading style, experience level, and financial goals.
