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Cheapest Challenge

Cheapest Prop Firm Challenge — 19 Firms Ranked

Reviewed by TradingEdge

Every TradingEdge partner prop firm ranked by cheapest entry — the lowest-tier Challenge fee after the discount. It starts at just $20 with Goat Funded Trader. Every price already includes the 10-15% discount. This answers "what is the smallest amount to start with a prop firm" — but price is only one factor; always check payout history and rules before deciding.

Cheapest: Goat Funded Trader $20 ($5k · −50%)
1
Goat Funded Trader
HBGFT public code: BOGO + 50% off · FIRSTGFT: 50% off new customers · verified May 2026.
Tier$5k
Price$20 $39
Discount−50%
Refund100% at first payout
2
FundingPips
Cheapest entry in the market — $28 for a $5k Challenge.
Tier$5k
Price$25 $28
Discount−10%
Refund100% at first payout
3
E8 Markets
E8 Markets (Dallas) — Match-Trader + DXTrade · 80/20 split scaling to 100% · runs frequent stacked promos beyond the 5% WHALE floor.
Tier$5k
Price$31 $33
Discount−5%
Refund100% at first payout
4
The5ers
Long-term scaling — funded accounts up to $4M.
Tier$5k
Price$35 $39
Discount−10%
RefundProgressive
5
Instant Funding
Public codes verified May 2026: FLOW 27% (multi-use), DRIVE 20%, BFNEW 42% (new customer), BF2090 20%, OURBEST 10%. Try BFNEW first if first-time.
Tier$5k
Price$36 $49
Discount−27%
RefundPartial
6
Funded Trader Markets
MAY public code (verified May 2026): up to 60% off 1-Step/2-Step, 40% off Instant. Expires May 31. $100k = $622 → $249.
Tier$10k
Price$36 $89
Discount−60%
Refund100% at first payout
7
Alpha Capital Group
UK-based — value tier with sub-$50 entry.
Tier$10k
Price$40 $45
Discount−12%
Refund100% at first payout
8
FXIFY
Public codes verified May 2026: FXIFY3 33% (everything) or NEW40 40% (One-Phase, new users). $100k = $548 → ~$367 (FXIFY3) / $329 (NEW40).
Tier$10k
Price$40 $59
Discount−33%
Refund100% at first payout
9
Wemastertrade
Standard $100k Challenge $320 verified May 2026 — apply WHALE for partner discount.
Tier$10k
Price$43 $49
Discount−12%
Refund100% at first payout
10
FunderPro
Public 25% OFF promo runs until Dec 31, 2026. $100k One-Phase = $539 → ~$404. cTrader + DXTrade · stable payout since 2022.
Tier$10k
Price$52 $69
Discount−25%
Refund100% at first payout
11
Maven Trading
OMO public code = 40% off, verified May 2026. $100k ~$440 net after code.
Tier$10k
Price$53 $89
Discount−40%
Refund100% at first payout
12
Tier$10k
Price$57 $65
Discount−12%
Refund100% at first payout
auto
13
Tier$10k
Price$71 $79
Discount−10%
Refund100% at first payout
auto
14
Eightcap Challenges
Broker-backed prop — ASIC-regulated parent.
Tier$10k
Price$71 $79
Discount−10%
Refund100% at first payout
auto
15
FTMO
Industry benchmark — $300M+ paid out, 11-year track record.
Tier$10k
Price$80 $89
Discount−10%
Refund100% at first payout
auto
16
Tier$10k
Price$80 $89
Discount−10%
Refund100% at first payout
auto
17
Trade The Pool
US-equity prop — stocks, not forex. Niche but useful.
Tier$20k
Price$87 $97
Discount−10%
RefundPartial
18
CryptoFundTrader
Crypto-native prop — BTC/ETH spot + perps.
Tier$10k
Price$89 $99
Discount−10%
Refund100% at first payout
19
City Traders Imperium
No-daily-DD option — popular with swing traders.
Tier$10k
Price$143 $159
Discount−10%
RefundProgressive
auto

Prices include the TradingEdge floor-rate discount · click a firm name for the discount on every tier.

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FAQ

Which prop firm has the cheapest Challenge?

Goat Funded Trader — its smallest tier ($5k) is just $20 after the 50% discount (list $39). The most expensive entry in the table is City Traders Imperium at $143.

Does a cheap fee mean a low-quality firm?

Not necessarily. Challenge fees depend on the business model — volume-focused firms price lower than premium ones. FundingPips is cheap yet has paid out tens of millions. Rank firms by payout track record, rule clarity and an account size that matches your skill — price second.

Should I just start with the cheapest firm?

Starting small/cheap is sensible for beginners — you lose less if you fail, and you prove the strategy before scaling. But "cheapest" must still clear the trust bar. Read the "Choosing the Right Prop Firm" ebook for the full selection framework.

Do the prices here include the discount?

Yes. Every price in the "After discount" column is the Challenge fee after the 10-15% TradingEdge discount. The list price is shown for comparison. Click a firm name to see the discount on all of its tiers.

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