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

Is it easy to pass prop firm challenge? ›

This is a popular way for traders to prove their skills and potentially secure funding from a prop firm. However, passing this challenge can be quite daunting and requires a lot of hard work and dedication.

How many people actually pass prop firm challenges? ›

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. While this result is not nearly as bad as the one discussed earlier, it still looks bleak for prospective prop traders. But why is the percentage of failure so high?

How do you pass funded challenges? ›

Staying focused and disciplined is essential when taking the Funded Account Challenge. Avoid distractions and stay focused on your trading strategies. Don't be afraid to take a break if you need it, but always come back with a clear head and renewed energy.

What prop firm has the fastest payout? ›

Fastest Industry Payouts – MyFundedFutures has the fastest payouts in the futures prop trading space which has become more and more important with some of the other futures prop trading firms taking weeks to payout.

Are prop firm challenges worth it? ›

Participating in a Prop Firm Challenge can be a stepping stone to a successful trading career. The benefits, including improved skills, access to capital, and networking opportunities, make these challenges an attractive option for traders looking to advance in the industry.

What is the success rate of prop firm evaluation? ›

It is estimated that only 4% of Forex traders succeed with prop firm challenges, and only 1% of traders can generate profits consistently without violating any rules.

Is it hard to pass funded challenge? ›

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. It's best to invest in a few challenges. Instead of purchasing a 200K FTMO Challenge, take five smaller 10K challenges.

What is the failure rate for FTMO? ›

The FTMO challenge has a reputation for being extremely difficult to pass. Across FTMO's various account levels, it is estimated that only around 10% of traders are able to successfully complete the evaluation and become a funded trader. This means approximately 90% of those who attempt the challenge end up failing.

How long does it take to pass prop firm challenge? ›

In Summary – How Long Does It Take To Become A Funded Trader? In conclusion, it can take around 4-5 months to pass a prop firm trading challenge and become a funded trader.

Which prop firm is the best? ›

FTMO is one of the leading prop firms globally, offering traders the opportunity to trade with a funded account. It has a reputation for high-quality education, rigorous evaluation process, and excellent customer support. In Nigeria, FTMO is a top choice for traders looking to take their trading to the next level.

Which prop firm is the cheapest? ›

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

What happens if you lose a funded account challenge? ›

On a funded account, losing a large amount of money does not mean much. Even if it results in losing your funded account, you can still try to pass the evaluation at the same firm again or just join another one. Ultimately, you do not risk much and do not lose much.

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.

Which prop firm has no time limit? ›

Is there any prop firm without trading days restrictions? True Forex Funds is an option worth exploring for those seeking prop firms without trading day restrictions. They offer challenges with no minimum trading days, providing flexibility. To learn more, check their official website.

What are the top 5 futures prop firms? ›

The top futures prop firms are TopStepTrader, Jane Street, FTMO, 3Red Partners and The Trading Pit. Jane Street and 3Red Partners are very secretive about their fees and profit splits but they do offer some of the best technology and high-frequency trading.

What percentage of traders pass prop firm challenge? ›

The FTMO challenge has a reputation for being extremely difficult to pass. Across FTMO's various account levels, it is estimated that only around 10% of traders are able to successfully complete the evaluation and become a funded trader. This means approximately 90% of those who attempt the challenge end up failing.

How do prop firm challenges work? ›

Prop firm challenges, like the FTMO challenge, are evaluation phases during which a trader must prove their trading skills to gain the backing of the firm. These challenges often involve meeting certain profit targets while staying within specified risk parameters.

What is the best prop firm strategy? ›

Trend following is a popular strategy among prop traders because it allows them to ride the momentum of a trend and potentially generate significant profits. However, it is important to note that trends can change quickly, so proper risk management is crucial when using this strategy.

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