In this guide, you will find the list of 7 best instant funding forex prop firms to choose from and why.
| Firm | Initial Balance | Profit Split | Feature |
|---|---|---|---|
Surgetrader Learn more | $25,000 – $1 million | 75% | Great for experienced traders |
MyForexFunds Learn more | $10,000 | Up to 85% | High potential profits |
FTUK Learn more | $14,000 | Up to 80% | Good balance of risk and reward |
BluFx Learn more | $25K – $99 $50K – $49 (per month) | Up to 50% | Wide range of initial balances |
The 5%ers Learn more | $24K, $40K, $80K (with fee) | 50%/50% (starts with), up to 80%/20% (funded conditions) | Flexible funding options |
AudaCity Capital Learn more | $15,000 (Funded Trader Program), $15,000 – $480,000 (Ability Challenge) | 50% (Funded Trader Program), 75% (Ability Challenge) | Offers two funding plans |
City Traders Imperium Learn more | $10,000 – $2 million (Standard, Classic, Direct Funded Trader Programs), $10,000 – $200,000 (Daily Trading Funded Trader Program) | 60% (Standard, Classic, Direct Funded Trader Programs), 70% – 100% (Daily Trading Funded Trader Program) | Wide range of trading programs |
Surgetrader Review
Surgetrader is a prop trading firm that offers a unique opportunity for traders to start trading on a live account immediately, without the need for an evaluation process. This is a great advantage for traders who want to start trading as soon as possible and don’t want to spend time and money on an evaluation process that may or may not lead to funding.
One of the standout features of Surgetrader is the wide range of initial balances available. Traders can start with a balance of $25,000 and go all the way up to $1 million, depending on their trading experience and capital. This allows traders to start at a level that is comfortable for them and gradually increase their balance as they gain more experience and confidence.
Another positive feature of Surgetrader is the profit split, which is set at 75%. This means that traders get to keep a significant portion of their profits, which can be a major incentive for traders looking to maximize their earnings.
Surgetrader also supports a wide range of forex pairs, including USD/BRL, USD/CLP, USD/HKD, and USD/RUB, among others. This gives traders a lot of flexibility and allows them to trade the pairs that they are most familiar with.
Overall, Surgetrader is a great option for traders who want to start trading on a live account immediately and are looking for a prop firm that offers a wide range of initial balances and a favorable profit split. Its support for a wide range of forex pairs is also a major plus. So, it can be a good fit for experienced traders.Regenerate response
Myforexfunds Review
MyForexFunds is a forex prop trading firm that offers three funding schemes for traders to choose from. The Rapid program allows traders to start earning bonuses on a demo account before moving to a live account, with the option for Consistency Enabled or No Consistency accounts.
The Evaluation program involves a two-step evaluation process, with traders who pass given access to a live account with minimal restrictions.
The Accelerated program allows traders to start live trading and earning profits immediately, with the option to scale up the account size when profit targets are reached. All three programs offer leverage of up to 1:500 and the option to use expert advisors and robots.
MyForexFunds also offers educational courses, trade copying, and the ability to reset or refresh accounts for a fee. Payment options include credit/debit cards and bank wire.
Myforexfunds Features
- Three funding schemes: Rapid, Evaluation, and Accelerated.
- Demo account trading with 12% bonus payout for Rapid program.
- Two account types for Rapid program: Consistency Enabled and No Consistency.
- Evaluation program with two 30-day phases and profit targets of 8% and 5% respectively.
- Accelerated program with immediate access to live trading and the ability to scale up the account size when profit targets are reached.
- Payout rates of 12% bonus payout for demo accounts (Rapid program), 75% (Evaluation program) and 80% (Accelerated program)
- Maximum daily drawdown of 5% for all programs.
- Maximum overall drawdown of 12% for Rapid and Evaluation programs and 10% for Accelerated program.
- Leverage of 1:500 for Rapid program, 1:100 for Evaluation program, and up to 1:500 for Accelerated program.
- Trading instruments include Forex, CFD’s, commodities, and cryptocurrencies (Accelerated program only on weekdays)
- Usage of expert advisors and robots allowed in all programs.
- Weekend, news, scalp, and swing trading allowed in Evaluation and Accelerated programs.
- Option to reset or refresh the account size in Rapid program for a fee.
- Refund of registration or evaluation fees after getting access to a live account in Rapid and Evaluation programs.
- Trade copying allowed for your own trades, copying of third parties trades disallowed.
- Two hedge positions allowed at any given time (Rapid and Evaluation programs)
- Option to trade on multiple accounts in Accelerated program.
- Payment options include bank wire, credit/debit card, and e-wallets.
- Educational courses and 1-to-1 mentoring available.
- Support for MetaTrader 4 platform.
FTUK Review
FTUK is a funded trading firm that offers two account types: Low Risk and Aggressive, as well as two funding programs: Evaluation and Instant Funding.
The Low Risk account has lower leverage and a mandatory 1.5% stop loss, but also has a lower profit target and more time to reach it. The Aggressive account has higher leverage and no mandatory stop loss, but also has a higher profit target and less time to reach it.
The Evaluation program starts traders on a demo account at level 1, and once they reach the profit target, they can move to a live account at level 2.
The Instant Funding program starts traders on a live account at level 1, and they must reach the level 1 profit target to be able to withdraw funds.
FTUK offers a variety of add-ons, including the ability to unlock level 8, double the maximum trading days, and request a evaluation retake.
The firm allows expert advisors and robots, and allows trade copying from a non-FTUK account to a FTUK account, but not between different FTUK accounts.
It also allows overnight, scalping, news, and weekend trades, as well as hedging. Payouts can be received at a request as long as the trader’s share is above a certain amount.
FTUK Features
- Two account types: Low Risk and Aggressive.
- Two funding programs: Evaluation and Instant Funding.
- Six account sizes with corresponding registration fees and starting/maximum account sizes.
- Profit target: 10% for Low Risk accounts, 25% for Aggressive accounts.
- Maximum overall drawdown: 5%.
- Leverage: Depends on account level, up to 1:50 for Low Risk accounts and up to 1:100 for Aggressive accounts.
- Trading instruments: Forex, metals, indices, and commodities.
- Time to reach profit target: 180 days for Low Risk accounts and 90 days for Aggressive accounts at level 1, no time limit for higher levels.
- Addons: Unlock level 8, double maximum trading days, joining fee refund, evaluation retake.
- Minimum trading days: None.
- Payout rate: Depends on account level, starts at 50% and goes up to 80% at the maximum level.
- Trading platform: MetaTrader 4.
- Payment options: Bank transfer, Deel card, Coinbase, PayPal, Payoneer, Revolut, Wise.
- Other features: One-to-one trader interviews, private session with support coach, expert advisors and robots allowed, trade copying allowed from non-FTUK account to FTUK account but not between different FTUK accounts, overnight, scalping, news, and weekend trades allowed, hedging allowed, payouts can be received at a request with a minimum amount of £150, €200, or $250.
The5ers Review
The5ers is a funded trader platform that offers financing for forex traders looking to make the leap to full-time trading.
Founded in 2016 by Gil Ben Hur and Snir Achiel, two professional forex traders who recognized the need for a way to trade with more capital, The5ers has since become one of the top prop firms in the industry.
The platform allows users to trade real money from the start without any qualification or self-funding requirements, and offers continuous support from experienced traders.
Forex traders can choose from four different funded account options based on the account size and immediate funding they wish to receive, with both low-risk and aggressive options available.
The5ers also offers a variety of tools and resources for traders, including a proprietary trading platform, market analysis, risk management, and more.
The5ers Features
- Funded trading accounts and funded trader programs.
- Forex trading options with account sizes ranging from $24,000 to $80,000.
- Options for low-risk or aggressive trading programs.
- Evaluation program or instant funding options.
- Evaluation process to assess a trader’s performance and determine their level.
- Multiple account levels with increasing account sizes and benefits as traders reach higher levels.
- Option to unlock a Level 8 account for double the maximum trading capital.
- Double maximum trading days add-on available.
- Ability to refund the joining fee.
- Option to retake the evaluation process.
- No minimum trading days requirement.
- Payout rate that increases with account level, starting at 50% and going up to 80%.
- MetaTrader 4 platform.
- Payouts through Deel account with various payment options including bank transfer, Deel card, Coinbase, PayPal, Payoneer, Revolut, and Wise.
- Support for expert advisors and robots.
- Trade copying allowed from non-The5ers accounts to The5ers accounts, but not between different The5ers accounts.
- Allowed to trade during weekends, scalp, news, and overnight.
- Hedging allowed.
- Option to receive payouts at a request for amounts above a certain threshold ($250, €200, £150).
- One-to-one interviews and private support coaching sessions available at request.
Audacity Capital Review
AudaCity Capital is a funded trader platform that offers two options for traders seeking financing.
The Funded Trader Program allows traders to start trading on a live account immediately, with the option to withdraw profits and double their account size once they reach a profit target of 10% of their account size.
The Ability Challenge requires traders to pass a two-step evaluation process before gaining access to a live account.
In the Challenge phase, traders must reach a 10% profit target within 30 days, and in the Verification phase, they must do the same within 60 days. AudaCity Capital has a requirement for a phone or face-to-face interview before deciding whether to fund a trader.
The firm charges registration and monthly fees, and offers limited trading instruments and withdrawal options. However, it also has a scaling account size and decent drawdown limits.
Audacity Capital Features
- AudaCity Capital offers two plans: Funded Trader Program and Ability Challenge.
- Funded Trader Program offers immediate funding with scaling account size and a profit target of 10% to progress to the next stage and withdraw profits.
- Account size starts at $15,000 and can grow up to a maximum of $480,000.
- Registration fee is $298 and there is a monthly fee of $99.
- Maximum lot size starts at 0.5 and increases at each stage up to a maximum of 16.
- Maximum overall drawdown is 10%.
- Trading instruments include Forex in the first three stages and Forex, indices, and commodities in the last three stages.
- Trading platform is MetaTrader 4 and payout rate is 50%.
- Payment options include the firm’s app or email.
- Ability Challenge requires a trader to pass a two-step evaluation before getting access to a live account.
- Account size options and corresponding registration fees are: $15,000 for £$49, $30,000 for $269, $60,000 for $369, and $120,000 for $629.
- Minimum trading time is 7 days and maximum daily and overall drawdown is 7.5% and 15% during the Challenge stage and 5% and 10% during the Verification and Live Account stages.
- Trading platform is MetaTrader 4 and payout rate is 75%.
- Trading instruments include Forex, gold, and certain indices such as GER30, US30, US500, and NAS100.
- Leverage is 1:100 and payment options include credit/debit card, PayPal, bank transfer, Bitcoin, and Skrill.
- Other features include required interview, allowed expert advisors, allowed news, weekend, and overnight trading during evaluation stages, monthly profit withdrawal, consistency rule, and refundable registration fee if the Verification stage is passed.
City Traders Imperium Review
City Traders Imperium is a funded trader platform that offers three main trading programs: Standard Funded Trader Program, Classic Funded Trader Program, and Daily Trading Funded Trader Program.
The Standard and Classic programs have different requirements for passing evaluations, but once funded, traders in both programs can grow their account size by reaching a 10% profit target up to a maximum of $2 million.
The Daily Trading program has a two-stage evaluation process and allows traders to grow their account size by 30% each time they reach the 10% profit target and several other requirements up to a maximum of $200,000. The company also offers educational courses and 1-to-1 mentoring.
The programs have different fees, account sizes, evaluation requirements, and other features such as trading instruments, leverage, and payment options.
City Traders Imperium Features
- Three main trading programs: Standard Funded Trader Program, Classic Funded Trader Program, and Daily Trading Funded Trader Program.
- Account size can double each time the trader reaches the 10% profit target up to $2 million for Standard and Classic programs.
- Option to skip evaluation via the Direct Funding Program at a higher registration fee.
- Daily Trading program targets traders who want to trade with higher risk and higher rewards.
- Educational courses and 1-to-1 mentoring options available.
- Evaluation requirements vary between Standard, Classic, and Direct Funding programs.
- Funding requirements for Daily Trading program include two stages of evaluation.
- Account size can grow by 30% each time the 10% profit target and other requirements are reached up to a maximum of $200,000 for Daily Trading program.
- Leverage options range from 1:10 to 1:33.
- Trading instruments include forex, gold, indices.
- Trading platform is MetaTrader 5.
- Payment options include credit/debit card, cryptocurrencies, and bank wire.
- Payout rates range from 60% to 100%.
- Other features include KYC documents, affiliate program, educational courses, monthly withdrawals, weekend trading, news trading, trade copying, expert advisors, and hedging.
- Refund options for evaluation program fees and registration fees in certain circumstances.
Conclusion
In conclusion, instant funding forex prop firms can be a great option for traders who are looking to start their trading career with significant capital and support from experienced professionals.
These firms provide traders with the opportunity to trade with real money from the start, without the need for qualification or self-funding.
By offering funded trading accounts and various evaluation programs, these firms can help traders improve their skills and potentially achieve higher profits.
However, it is important to carefully evaluate the terms and conditions of these programs, including fees, profit targets, and trading restrictions, before making a decision to join one of these firms.
What are the Best Forex Prop Trading firms?
Some of the best forex prop trading firms are FTMO, Surgetrader, Top Step, Fidel Crest, The5ers and Blufx.
Also Read the full article on best prop trading firms here
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