How To Get A Free Prop Firm Challenge Account For Forex - FundingTraders Blog (2024)

There are unique opportunities to get a free prop firm challenge account for forex. The current competition in the prop firm industry has created new offers to attract traders. Many forex prop firm challenge offers include smaller accounts, lower challenge fees, and refunds upon passing.

However, some “free prop firm challenges” may not be exactly free. Forex traders may have to settle for lower profit splits, poorer trading conditions, or extended trial periods.

As an aspiring trader, you can leverage your skills and talents to pass a prop firm challenge. Then, receive a refund for the challenge fee on your first payout.

>> Funding Traders encourages everyone to select free-trial accounts and evaluate the platform in a risk-free environment. After a complete due diligence with the free account, sign up for our live challenge accounts and leverage:

  • Up to $2M funded accounts
  • No-time period challenge accounts
  • No-commission challenges
  • Support for news trading
  • Rapid 7-day payouts

Here’s how to get a free prop firm challenge account for forex trading.

Select Your Account Size

First, select your challenge account size to trade in forex. Prop firms offer a wide variety of free challenge accounts to cater to different traders. Select your preferred account size – based on your expertise, requirements, and trading goals. Additionally, evaluate available drawdown types to select a free challenge best suited for your trading objectives.

At Funding Traders, you can select a challenge account with varying capital, including:

  • $10K challenge account
  • $25K challenge account
  • $50K challenge account
  • $100K challenge account
  • $200K challenge account
  • $300K challenge account
  • $500K challenge account

>> Skilled traders can also sign up for our Apex and Elite challenge accounts to manage $1M and $2M funded accounts.

While selecting a challenge account, you should also determine if the prop firm aligns with your trading strategies. Plus, check the available leverage on your challenge account to increase your earnings. Definitely, contact a reputable forex prop firm for different free challenge accounts.

Sign Up For Discounts And Giveaways

Next, sign up for exclusive discounts, giveaways, and contests to get free prop firm challenge accounts. Many prop firms offer consistent discounts and giveaways to reward skilled traders. Small-scale proprietary firms often require traders to promote their social media handles in return for discounts. Meanwhile, industry-leading prop firms like Funding Traders offer exclusive discounts to all traders – without completing any milestones.

Here are a few discount offers available for our challenge accounts:

  • Use “BLOG” for 30% off
  • Use “Blueberry” for 30% off+90% profit split
  • Use “2024” for 24% off + 90% profit split
  • Use “FEB1” for 25% off

Similar to discount offers, you can also participate in trading contests to get free challenge accounts. These contests reward traders with high returns, strong risk management compliance, and proven skills. Join our online communities to receive the latest updates on discounts, trading contests, and free challenge account giveaways.

Definitely, look for exclusive discounts and giveaways to get free prop firm challenge accounts for forex trading.

Pass Your Prop Firm Challenge For 100% Refund

Pass your prop firm challenge to get a 100% refund and a free forex-funded account. Often, prop firms structure their payout policies to refund the initial fee – creating a mutual trust level with the trader. Meet the challenge conditions, profit targets, and drawdown limits to pass your challenge. Plus, you should also demonstrate strong risk management to complete the evaluation process successfully.

Some cheapest prop firms with free challenge accounts set high-profit targets and drawdown limits – restricting many traders from getting a refund. Meanwhile, Funding Traders offers a stress-free evaluation period with simple rules to pass the challenge.

Meet these challenge objectives and get your 100% refund of the initial fee:

  • 1-Step Profit Target: 10%
  • 2-Step Profit Target (Phase 1): 10%
  • 2-Step Profit Target (Phase 2): 5%
  • 1-Step Daily Drawdown: 4%
  • 1-Step Maximum Drawdown: 5%
  • 2-Step Daily Drawdown: 5%
  • 2-Step Maximum Drawdown: 10%

>> At Funding Traders, all challenge accounts offer no time limits – allowing traders to take as many days to pass the challenge. Once passed, we process a 100% refund of your joining fee along with the first payout.

Indeed, join a free prop firm that offers a 100% refund of the challenge account fees.

Request Account Review For Exclusive Discounts

Request an account review to receive support and exclusive discounts. When buying a challenge account, you can add the “Account Review” addon during checkout. This gives you added guidance and support on your challenge performance. Whether you pass or fail, the accounts department will provide:

  • A written report for performance analysis
  • Actionable plans to improve strategy
  • Scheduled call to discuss development
  • An exclusive discount on the next purchase

By establishing a nurturing relationship with your forex prop firm, you can pass your challenge and get a refund on the fees. Even though your first challenge might not be a free account, you can get a free prop firm challenge account by passing future challenges. Certainly, sign up with a prop firm that offers exclusive opportunities and discounts by nurturing relationships with traders.

Keep Up To 100% Profit Split

Keep up to 100% profit split with your free forex prop firm challenge account. Often, free challenge accounts offer a limited profit split, restricting your earning potential. In some cases, you may only be eligible for 40% of the earned profit – while the company keeps 60% of the split.

With these prop firm payout policies, you only get to keep a lower profit percentage. Funding Traders rewards traders’ winning performance with comparatively higher profit split. By default, all traders are eligible for 80% profit in their favor.

>> You can also sign up for exclusive add-ons during checkout to keep up to 90% or 100% of earned profit on your funded account. To access your winnings faster, you can even request fast 7-day payouts and get your profit split within a week.

Indeed, choose a free prop firm challenge account with up to a 100% profit split.

There are several opportunities to get a free prop firm challenge account for forex trading. First, select a challenge account size that best suits your trading goals, requirements, and preferred strategies. To get a free challenge account, join the prop firm’s online communities and look out for exclusive discounts.

You can also pass your prop firm challenge to get a 100% refund on your initial joining fees. You can also get the exclusive “account review” add-on to get a performance analysis report – along with an additional discount on your next challenge account. Finally, you can keep up to a 100% profit split with your free challenge account.

Ready to get a forex funded account? Click here to start your free prop firm challenge trial.

How To Get A Free Prop Firm Challenge Account For Forex - FundingTraders Blog (2024)

FAQs

How to get a prop firm account for free? ›

You can win free accounts by completing simple tasks, such as following, liking, subscribing, or referring others. In conclusion, you can get a free funded account by simply entering trading competitions, or participating in giveaways.

Are there any free prop firm challenges? ›

There are unique opportunities to get a free prop firm challenge account for forex. The current competition in the prop firm industry has created new offers to attract traders. Many forex prop firm challenge offers include smaller accounts, lower challenge fees, and refunds upon passing.

What is the free funded forex account challenge? ›

Several trading firms and platforms offer free funded trading challenges that allow traders to demonstrate their trading skills and potentially qualify for funded forex accounts. These challenges typically involve trading simulated or live accounts with virtual funds provided by the platform.

Is it possible to pass the prop firm challenge? ›

With the Prop Firm challenges, it's not just about failing or winning. 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.

How to get a free forex funded account? ›

How Axi Select works
  1. Register. Join the programme for free - register for a Live trading account with no signup or membership fees.* ...
  2. Trade. Deposit at least $500 USD into your account, start trading and achieve an Edge score of at least 50.
  3. Get funded.

What is the free prop firm challenge that pays real money? ›

1. FTMO. FTMO is one of the most popular forex prop firm challenges, and it is known for its high payout potential. Traders who are able to successfully complete the challenge can receive a funded account of up to $200,000.

Can I get a free FTMO challenge? ›

Before you decide to accept an FTMO Challenge, we want to make sure that you know what you are up against. After you sign up, you can either start an FTMO Challenge right away or, as we usually recommend, start with our Free Trial, which is a free version of our FTMO Challenge intended for practicing purposes.

Is there a free FTMO challenge? ›

If you are able to repeatedly pass our Free Trial, then there are chances you can succeed in the full FTMO Challenge as well. This should encourage you to start your journey to become one of our FTMO Traders. Please note that Free Trials don't give you any eligibility to automatically secure your FTMO Account.

Which prop firm offers instant funding? ›

FTUK is a reputable prop firm with instant funding accounts, which attracts seasoned traders who want to access large trading capital without a lengthy evaluation process. The funding range is from 14k to 5 million USD with a profit share of 80% and maximum leverage of 1:100.

What happens if you lose money on a funded forex account? ›

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.

Who can teach me forex trading for free? ›

Best forex brokers with free trading courses
  • IG - IG Academy and DailyFx.
  • AvaTrade - Ava Academy (20+ courses, 145+ lessons, 45+ quizzes).
  • Interactive Brokers - Traders' Academy has a vast library of finance-related courses.
  • FOREX.com - Trading Academy courses are organized by theme and experience level.
Mar 5, 2024

How do I grow a $100 forex account? ›

How to grow 100 USD in Forex
  1. Educate Yourself. Begin by investing in your education. ...
  2. Select a Reputable Broker. ...
  3. Create a Trading Account. ...
  4. Use a Demo Account. ...
  5. Fund Your Live Account. ...
  6. Develop a Trading Strategy. ...
  7. Trade with Discipline. ...
  8. Monitor the Market.
Oct 16, 2023

How to easily pass prop firm challenge? ›

Below are three steps to take, to pass the prop firm challenge and always be at the top of your game:
  1. TAKE 100% RESPONSIBILITY: ...
  2. PACE YOURSELF, START SMALL AND ALWAYS RISK LESS THAN 1% PER TRADE (especially for Day Traders and Scalpers): ...
  3. WATCH YOUR EMOTIONS, ESPECIALLY DURING NEWS EVENTS:
Nov 23, 2023

How many people fail prop firm challenges? ›

Around 10% pass

According to FTMO statistics, only about 10% of traders are able to pass the funded account challenge at any account level. This means approximately 90% of aspiring funded traders fail the evaluation and are unable to gain access to the firm's capital.

Which prop firm has the lowest fees? ›

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

How do I get a prop firm account? ›

Most prop firms have a two-step evaluation process. The first step is usually a simulated trading challenge, where traders are given a demo account and a set of rules to follow. If the trader passes this phase, they move on to the second phase, which involves trading with real money.

Do you have to pay for prop firm? ›

If you want to trade with a prop firm, you need to start by getting either an instant funding account or an evaluation account. With an instant funding account, you pay a fee, and can start trading immediately. With an evaluation account, you first have to pass a challenge, and then you can begin trading with the firm.

How much money do you need to start a prop trading firm? ›

Minimum Capital Requirements

In the United States, the SEC requires prop trading firms to maintain a minimum net capital of $100,000. However, this amount can increase significantly depending on the type of securities you trade in.

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