Top 18 Prop Firm that Offers the Cheapest $100,000 Challenge (2024)

This is a continuation of our previous post on the cheapest proprietary firm challenge for traders at all levels but with more focus on which prop firm that offers the cheapest $100,000 challenge. Most prop firms offer $100k accounts in their various trading programs. Some of them come with unrealistic rules that make it difficult for traders to pass the evaluation process or make money with their trading accounts.

Fortunately, We were able to do thorough research and came up with a list comprising of the best prop firms offering the cheapest $100,000 challenge only. We did not just pick any proprietary firm and add it to the list as doing so would defeat the aim.

We put so many things into consideration before coming up with this article, things like the legitimacy of the prop firm, good reputations, having a registered office address, known founders, transparent trading rules and verifiable payout proofs, and of course cheaper challenge program. So let’s go…

How Does a Prop Firm Challenge Work?

The specifics of a proprietary firm challenge can vary depending on the firm, but generally, they can be a one-phase challenge process, two-phase challenge, and three-phase challenge program where traders are given a set of rules to follow while trading a virtual account. The rules may include maximum daily loss limits, maximum drawdown limits, and profit targets. If a trader is able to meet the profit target while keeping all the trading parameters, they will receive a funded account.

At the stage of the funded account, the trader makes profits and can withdraw them using the payout method made available by the prop firm. The payout duration can range from 3 hours to 30 days depending on the company, and the firm takes a cut of the profit such as 5% to 30% depending on the type of program.

Trading evaluation with the right prop firm can be a great way for traders to gain experience and access a funded account to start making money online. Alternatively, skilled traders can opt for an instant funding prop firm program with no need to pass through a lengthy evaluation process.

Factors to Consider When Choosing a Prop Firm Challenge

1. Subscription Fee: The cost of the prop firm challenge is, of course, a major factor to consider. Most of the prop firms we listed offer challenges for under $500, while very few may charge upwards of $550, but all are under $600. And when you consider the prop firms discounts and other offers, the price still comes under $500.
2. Payout Split: The payout split offered by these prop firms is very appealing. Almost all of them offer a profit split of 80% and above, and some are even up to 100% plus other incentives such as refundable fees, extra monthly salary bonuses, and so on.
3. Trading Rules: Each prop firm on the list may have different trading rules and restrictions, but generally they are reasonable for any experienced trader to easily observe and get funded. See our article for tips on how to successfully pass a prop firm challenge. Traders should review these rules and ensure they can comfortably trade and follow the firm’s guidelines.
4. Reputation: Above all, we made sure the prop firms on this list have good reputations, excellent customer reviews and ratings plus verifiable payout proofs. There may be many prop firms out there that offers cheaper challenge but the question remain: Do they pay out after traders have passed the challenge and make a profit?

One Phase Prop Firms that Offer the Cheapest $100,000 Challenge.

In this section, we made a list of the cheapest one phase prop firm challenge for the $100k account. These are reputable prop firms with excellent reviews from users and verifiable payout proofs.

1. Funded Trading Plus One Phase Evaluation

Number one on the list is the Funded Trading Plus Experienced Trader prop firm simulated program which offers the cheapest $100,000 challenge program in a simulated environment (now $125,000) for a cost of $499. It is a single phase evaluation program that comes with certain trading rules such as a 4% maximum daily simulated loss, a 6% overall simulated loss, and no minimum or maximum simulated trading days.

Funded Trading Plus is known for its advanced features and fastest payouts which are mainly processed within a few hours from the time of withdrawal request. FTM prop firm also allows traders to place a withdrawal for as little as $50 from their first day of making profits trading a simulated funded account. Traders can save an extra 10% by applying the Funded Trading Plus discount code: PTP10 during the checkout.

Features of Funded Trading Plus one phase cheapest $100,000 challenge prop firm program:

• Simulated Account Size: $100,000 virtual, scaling up to $2,500,000
• One Time Fee: $499
• Challenge Type: One Phase evaluation
• Fee type: Refundable at 10% profit during funded account
• Simulated Profit Target: 10%
• Daily/ Maximum Simulated loss: 4%/ 6%
• Stop Loss rules: Not required
• Simulated Profit Split: 80%
• Minimum Withdrawal: $50 (from first day)
• Simulated Account Leverage: 1:30
• Allow Prop Firm EA Trading: Yes
• Scaling at every 10% profit.
• Maximum/ Minimum Simulated Trading Days: Unlimited/ No minimum trading days

2. OneUp Trader

OneUp Trader 1 step prop firm cheapest $100,000 evaluation program attracts a monthly subscription of $300/ month. This is different from other programs that charge a one-time fee for unlimited trading days. On the other hand, it is great, cheaper, and better than those with 30 maximum days limit especially if you can be able to pass the challenge and make withdrawals within the one-month validity period.

OneUp Trader’s $100k challenge is a one-step process before getting funded. The program has a profit target of 6%, no daily drawdown, and a 3.5% (trailing) Overall drawdown. OneUp Trader also offers a risk-free trial, where traders can practice trading on a simulated account before taking the challenge.

Features of OneUp Trader 1 step cheapest $100,000 evaluation prop firm program:

• Account Size: $100,000 virtual money
• Monthly Fee: $300
• Challenge Type: 1 Step Evaluation
• Maximum Contracts: 12
• Profit Target: 6%
• Daily Loss Limit: No
• Maximum Drawdown: 3.5%, Trailing
• Profit Split: 90%
• First $10,000 Profits: FREE
• Balance Resets: Unlimited
• NinjaTrader License: FREE
• Market Data/Level 2: FREE
• Priority Customer Support: 24/7

3. FXIFY 1 Phase Program

FXIFY one phase prop firm offers the cheapest $100,000 challenge for a fee of $475. The challenge comes with trading rules such as a 5% daily loss limit, a 6% Maximum drawdown, 5 minimum trading days, and a profit target of 10%.

The FXIFY one-phase program is best for those who want to start fast without the need for a second evaluation process. Traders can reach the trading objectives and access a funded account without further delays. By applying the FXIFY discount code: SOCIAL20 you save an extra 20% off the cost.

Features of FXIFY One Phase prop firm cheapest $100,000 challenge account program:

• Account Size: $100,000 virtual, scaling up to $4 million
• One Time Fee: $475, refundable
• Program Type: One Phase evaluation
• Fee type: Refundable plus an extra 25% during the funded account
• Profit Target: 10%
• Daily/ Maximum Drawdown: 5%/ 6%
• Drawdown Type: Trailing
• Leverage: 1:30, customizable up to 1:50
• Profit Split: 80%, up to 90%
• Minimum Withdrawal: no minimum (from first 24 hours)
• Allow Prop Firm EA Trading: Yes
• Scaling at every 10% profit.
• Maximum Trading Days: Unlimited
• Minimum Trading Days: 5 days
• Broker Partner: FXPIG

Traders can also customize their program to suit their trading strategy.

4. Instant Funding

Instant Funding offers a cheaper one phase challenge prop firm account of $100,000 for a fee of $479. Instant Funding started with a core offering of no evaluation, no assessment instant accounts, and gradually added one-phase and two phase challenge programs with scaling up to $1,250,000.

Their evaluation programs come with no minimum or maximum trading days, a 3% daily drawdown, and a 10% maximum smart drawdown. The profit split is 80% and can go up to 90%. Additionally, Instant Funding has an ongoing promotional offer of a 12.5% discount plus a free $12,500 one-phase accountif you apply the coupon: GIVINGBACK when purchasing any account from $5,000 and above. The 12.5% discount plus a free $12,500 account is valid till the 24th of October. However, you can also getan extra 10% off fees by applying the discount code: PTP10OFF

Features of Instant Funding one phase cheapest $100,000 challenge prop firm program:

• Virtual Account Size: $100,000, scaling up to $1,250,000
• One Time Refundable Fee: $479
• Challenge Type: One Phase evaluation
• Scaling Plan: Yes, at every 10% profit
• Profit Target: 10%
• Max Daily Loss: 3%
• Max Smart Drawdown: 10%
• Maximum Days Limits: Unlimited
• Minimum Days: No minimum trading days
• Profit Split: 80% up to 90%
• First Withdrawal: 7 Days
• Account Leverage: 1:100
• EA Trading: Allowed

5. FundedNext Stellar Program

FundedNext is another prop firm that offers a 1 step cheapest $100,000 challenge for just $519. Traders who pass the challenge will gain access to a $100k funded account.

The FundedNext Stellar 1 step challenge has a maximum loss limit of 6%, a daily loss limit of 3%, and a profit target of 10%. Get an extra 10% off all the challenge fees and an additional 15% from the evaluation profit and a 150% refund of the subscription fee with FundedNext discount code: GALAXY10.

Features of Funded Next Stellar 1 step prop firm cheapest $100,000 challenge account program:

• Account Size: $100,000 virtual account
• One Time Fee: $519, refundable
• Program Type: One Phase evaluation
• Fee type: Refundable once a Funded Trader
• Profit Split: 80%, up to 90% plus 15% from challenge phase
• Profit Target: 10%
• Daily/ Maximum Drawdown: 3%/ 6% (balance based)
• Trading Leverage: 1:30
• Prop Firm EA Trading: Allowed
• Trade Copier: Yes.
• Maximum Trading Days: Unlimited
• Minimum Trading Days: 5 days
• News Trading: Yes
• Weekend Holding: Yes
• Platforms: MT4 and MT5
• Broker Partners: Growthnext and Incenteco.

6. Topstep 1 Step Program

Topstep 1 Step is another prop firm program that offers a cheap $100,000 challenge. The subscription cost of the challenge is $99 per month, and it is a 1-step evaluation process.

The Topstep challenge first step has a profit target of $6,000, a maximum loss of $3,000, and a maximum open positions size of 10 contracts. Topstep also offers a 90% profit split and a free dedicated coach to help traders when taking the challenge.

Features of Topstep 1 Step prop firm cheapest $100,000 challenge program:

• Account Size: $100,000 demo
• Program: 1 Step Challenge
• Monthly Fee: $99/ month
• Profit target: 6%
• Maximum drawdown: 3%
• Profit Split: up to 90%
• Minimum Trading Days: 2
• Max Trading Time: 30 days
• Fastest payout: Yes, within 7 hours
• Weekend holding: At checkout

2 Phase Prop Firms that Offers the Cheapest $100,000 Challenge

In this section, we have more of the prop firms, about 13 on the list that offers cheaper $100k challenge programs, unlike the one phase section. Kindly go through the features and rules, and pick the one that best suits your trading style.

7. Smart Prop Trader

Smart Prop Trader two step prop firm offers the cheaper $100,000 challenge prop firm for a $499 subscription fee. The STP evaluation programs come with certain trading rules and objectives to guide traders, like a 4% daily drawdown, an 8% maximum drawdown, and profit targets of 7% and 5%.

Smart Prop Trader being one of the biggest prop firms that have paid an individual trader over $300,000, provides evaluation programs that allow you to trade your own style. Their program allows you to trade a variety of trading instruments like Forex, crypto, indices, and commodities on MT4 and MT5 platforms that are powered by the EightCap broker.

Smart Prop Trader also has a scaling plan that can help consistent and profitable traders to grow their accounts up to $2.5 million, with 25% every 3 months according to the Scaling Plan. Get 8% off with Smart Prop Trader discount code: SPT099

Features of Smart Prop Trader two phase cheapest $100,000 challenge prop firm account:

• Account Size: $100,000 demo
• Price (USD): $467
• Maximum Drawdown: 4% Daily or 8% Total
• Payout Split: 85
• Minimum Trading Days: 1 Day
• Evaluation type: 2 Phase
• Max Time limits: Unlimited
• Profit Targets: 7% & 5%
• Hold Trade On Weekends: Allowed
• Broker: EightCap

8. The Funded Trader

The Funded Trader Royal Challenge program offers one of the prop firm’s cheapest $100,000 challenges for just $485. This unique challenge model requires a small fee to start, with a profit share of 80%, up to 90%. Traders can enjoy an extra 15% saving off the challenge fee by using The Funded Trader discount code: Caesar thereby reducing the fee to only $415.65.

The Funded Trader challenge is a two-step process, with an 8% profit target in the first step and a 5% profit target in the second step. Profit targets are 10% and 5% while the daily drawdown is %5 and the overall drawdown capped at 10%. Traders can trade with a leverage of 1:200 for an unlimited period of time.

Features of The Funded Trader Royal two step cheapest $100,000 challenge prop firm account:

• Account Size: $100,000 demo
• Price (USD): $485
• Evaluation type: 2 Phase
• Maximum Drawdown: 5% Daily or 10% Total
• Payout Split: 80% up to 90%
• Minimum Trading Days: 5 Day
• Max Time limits: Unlimited
• Profit Targets: 8% & 5%
• Leverage:1:200
• EA trading: Allowed
• Broker: EightCap and ThinkMarkets

9. Maven Trading

Maven Trading 2 step evaluation presents one of the cheapest $100,000 challenges for just $495. The program is suitable for traders who have the skills, and patience to go through a two step evaluation process.

The 2 step program has trading rules such as a 10% drawdown, 5% daily drawdown, and a profit target of 9% in phase 1, and 5% in phase 2 which traders need to observe so as to get funded. Get an extra 10% off plus 100% fee refund with Maven Trading Discount code: SEPTEMBER

Features of Maven Trading 2 step cheapest $100,000 challenge prop firm account:

• Account Size: $100,000 demo
• Price (USD): $495
• Evaluation type: 2 Step
• Profit Target: 9% / 5%
• Profit split: 80%
• Daily drawdown: 5% Balance Based
• Overall drawdown: 10% Static
• Minimum trading days: No minimum
• Maximum trading days: unlimited days
• News trading: Allowed
• Used of Expert advisors: Allowed
• Weekend holding: Yes
• Unique buyback feature

10. Next Step Funded

The Next Step Funded Two Step prop firm Cheapest $100,000 challenge can be subscribed for $500. The challenge comes with trading rules and objectives that a trader must meet in other to become a funded trader. 8% discount code: NSF8 ends on 10th November.

There are 5 Minimum Trading Days, a maximum daily Loss of 5%, and a Maximum drawdown of 12%. The profit target for phase 1 is 10% while the profit target for phase 2 is 5%. Additionally, traders who phased the two phases of the challenge and get funding can pocket up to 80% profit share.

Features of Next Step Funded one phase cheapest $100,000 challenge prop firm account:

• Account size: $100,000 demo
• Cost: $499
• Type of challenge: 2 Phase
• Profit target: 10% phase 1, 5% phase 2
• Minimum Trading Days: 5 days
• Max Daily /Overall drawdown: 5%/ 12%
• Prop firm EA trading: Allowed
• Consistency Rules: Apply for the first 2 months.
• 50% Rules: Apply
• News Trading Yes
• Refundable Fee: Not available
• Profit split: up to 80%
• Payouts are processed via Deel

1: b. Funded Trading Plus Advanced Trader

The Funded Trading Plus Advanced Trader program offers a cheaper $100,000 challenge prop firm for a $499 subscription fee. Just like other evaluation programs. FTP cheapest $100k challenge simulated account comes with rules and objectives like daily drawdown, maximum drawdown, and profit targets.

FTP allows you to save an extra 10% by applying the Funded Trading Plus discount code: PTP10 during the checkout.

Features of Funded Trading Plus two phase prop firm cheapest $100,000 challenge account:

• Simulated Account size: $100k demo, scaling up to $2,500,000
• Subscription fee: $499
• Challenge type: Two-Phase
• Fee type: Refundable at 10% profit
• Simulated Profit Target: 10% phase one, 5% phase two
• Simulated Daily loss: 5%
• Maximum Simulated loss: 10%
• Stop Loss: Required
• Simulated Profit Split: 80%
• Minimum Withdrawal: $50 (from first day), weekly payouts via Deel
• Simulated Leverage: 1:30
• Prop Firm EA Trading: Allowed
• Scaling at every 10% profit.
• Maximum/ Minimum Simulated Trading Days: Unlimited/ No minimum trading days

3: b. FXIFY Two Phase Program

The FXIFY two-phase program has one of the cheapest $100,000 challenge programs which goes for $475 just like the one-phase challenge. The program is built for traders with consistent discipline over two assessments. Traders will have to pass two assessment stages to get funding.

The FXIFY two phase evaluation program provides different trading account sizes of up to $400,000 in virtual funds with the first profit-split payouts being available on demand. Traders can also grow their accounts up to $4 million by scaling up. If you apply the FXIFY discount code: SOCIAL20 you can save an extra 20% off the cost.

Features of FXIFY two phase prop firm cheapest $100,000 challenge account:

• Account Size: $100,000 virtual, scaling up to $4 million
• One Time Fee: $475, refundable
• Program Type: Two Phase evaluation
• Fee type: Refundable plus an additional 25% with a funded account
• Profit Target: 10%/ 5%
• Daily/ Maximum Drawdown: 5%/ 10%
• Drawdown Type: Static
• Leverage: 1:30, customizable up to 1:50
• Profit Split: 80%, up to 90%
• Withdrawal: Deel (from first 24 hours)
• Allow Prop Firm EA Trading: Yes
• Scaling at every 10% profit.
• Maximum Trading Days: 30 days/ 60 days
• Minimum Trading Days: 5 days
• Broker Partner: FXPIG

Traders can also customize their program to suit their trading strategy.

4: b. Instant Funding

Instant Funding prop firm has the cheapest two phase challenge account of $100,000 for a subscription fee of $479. Instant Funding core offering of instant account no evaluation, no assessment instant accounts and has gradually added one phase and two phase challenge programs with a scaling plan to $1.25m at 10% profit.

The evaluation program offers no minimum and no maximum trading days, a 5% daily drawdown and a 10% overall smart drawdown. The profit split starts at 80% and goes up to 90%. Also, Instant Funding has an ongoing promotional offering 12.5% discount plus FREE $12,500 one-phase account by using the coupon: GIVINGBACK when purchasing any account from $5,000 and above. The 12.5% discount plus a free $12,500 account is valid till the 24th of October.

Features of Instant Funding two phase cheapest $100,000 challenge prop firm program:

• Account Size: $100,000 virtual, scaling up to $1.25m
• One Time Refundable Fee: $479
• Challenge Type: Two Phase evaluation
• Scaling Plan: Yes, at every 10% profit
• Profit Target: 10%
• Max Daily Loss: 3%
• Max Smart Drawdown: 10%
• Profit Split: 80% up to 90%
• Maximum Days Limits: Unlimited
• Minimum Days: No minimum trading days
• First Payout: 7 Days
• Account Leverage: 1:100
• Prop Firm EA: Allowed

11. The 5%ers High Stakes

The 5%ers High Stakes 2 Step prop firma cheaper $100,000 challenge for just $495 with a scaling plan that increases the account balance and profit split at every 10% profit.

5ers High Stakes challenge rules include a daily drawdown of 5% maximum drawdown of 10%, minimum profitable days of 3, and a profit target of 8%.

Features of The5ears prop firm cheaper $100,000 challenge account:

• Account size: $100,000 demo with scaling up to $500,000
• Cost: $495 Refundable
• Challenge type: 2-Step Evaluation
• Max Trading Days: Unlimited
• Minimum Profitable Days: 3/ 3
• Maximum Daily drawdown: 5%/ 5%
• Overall Maximum Loss: 10%/ 10%
• Profit Target: 8% / 5%
• Profit Split: 80% up to 100%
• Monthly Salary: $95 reward
• Inactivity Rule: 14 days expiry
• Leverage: 1:100
• Payout: 14 days

12. Bespoke Funding Traders Choice

Bespoke Funding two phase evaluation offers one of the cheapest $100,000 challenge programs for $499. The prop firm is known for its instant credentials, and auto close of open positions once a trader reaches the profit target. The Bespoke Funding Traders Choice challenge provides 87.5% profit splits, a 140% refund of fee, and a 22.5% off fee with discount code: Funded. Traders can also increase their account balance by 40% every 4 months through the scaling plan.

The Bespoke trading rules and parameters that come with the evaluation phases that traders need to maintain so as to get funded, such as a maximum daily drawdown of 5%, an overall drawdown of 8%, no minimum trading days, and unlimited trading time. Alternatively, traders who want up to 10% overall drawdown can choose the Bespoke Classic challenge for a fee of $529.

Features of Bespoke Funding Traders Choice cheaper $100,000 challenge program:

• Account size: $100,000 demo with scaling up at 40% every 4 months
• One-time Fee: $499 Refundable
• Challenge type: 2-Step Evaluation
• Maximum Time limit: unlimited trading days
• Minimum Trading Days: no minimum
• Maximum Daily drawdown: 5%/ 5%
• Overall Maximum Loss: 8%/ 8%
• Profit Target: 8% Phase 1 and 5% Phase 2
• Profit Split: 80%
• Challenge Leverage: 1:100
• Broker partners: Eightcap, ThinkMarkets
• Trading Platforms: MT4 and MT5

13. Finotive Classic Challenge

Finotive prop firm provides a Two Step classic evaluation prop firm that offers one of the cheapest $100,000 challenge for a fee of $500. The Finotive Classic challenge program has clear performance targets and trading rules that traders need to achieve in order to progress to the funding stage, such as a 7.5% profit target in step 1 and a 5% profit target in step 2 with unlimited trading time. To save an extra 5% bringing the cost down to $475 and become eligible for an additional 5% profit split, make sure you apply the Finotive discount code: PTP10 in the space for coupon during your checkout on the page:.

Since risk management is key to becoming successful in trading, there are some foundational risk parameters that must not be violated such as 5% daily drawdown, 10% maximum drawdown, and responsible trading rule (use of stop loss, not risking more than 50% of drawdown per trade).

Features of Finotive prop firm cheaper $100,000 challenge account:

• Account size: $100,000 demo, can buy up to $600,000
• Fee: $500 Refundable
• Challenge type: 2-Step Evaluation
• Maximum Trading Days: Unlimited
• Minimum Trading Days: 0
• Maximum Daily drawdown: 5%
• Overall Maximum Loss: 10% (equity-based)
• Responsible Policy: no more than 50% of drawdown per trade
• Stop loss: Required
• Profit Target: 7.5% / 5%
• Profit Split: 75% up to 95%
• Payout: Deel and Crypto (same day)
• Weekend holding: Yes
• Crypto Trading: 24/7
• Broker: Finotive Markets

14. City Traders Imperium 2 phase evaluation

City Trader Imperium offers a 2 Phase cheaper $100,000 prop firm challenge for $509. The prop firm challenge allows traders to use any type of trading style whether prop firm EA trading, news trading, or swing trading that can carry traders over the weekends.

City Traders Imperium 2 phase challenge comes with certain trading rules such as 45 maximum days limits for each phase of the challenge, a 10% profit target for phase 1 and 5% for phase 2, a 10% overall drawdown from the initial balance, and 4% daily loss limit from the daily balance.

Additionally, traders who join City Traders Imperium enjoy a 10% monthly salary of their evaluation account size, up to a 100% profit split plus a full refund of the subscription fee if they meet the trading requirements.

Features of City Traders Imperium 2 phase trading cheapest $100,000 challenge program:

• Account size: $100,000 demo
• One Time Fee: $509
• Refundable Fee: Yes
• Type of challenge: 2 Phase
• Profit target: 10% phase 1, 5% phase 2
• Minimum Trading Days: 5 days for each phase
• Maximum Trading Days: 45 for each phase
• Daily drawdown: 4% starting balance
• Maximum drawdown: 10% initial balance
• Leverage 1:33
• Profit split: up to 100%
• Monthly Salary Bonus $1,000 / Month
• Payouts are processed via Deel

15. FundedNext Stellar Program

FundedNext Stellar 2 step prop firm cheapest challenge goes for $519. This comes with a profit target of 8% for phase one and 5% for phase two, there is also a 5% maximum daily loss and a 10% overall loss limit that is balance-based.

Traders also need to trade for a minimum of 5 trading days and pass the challenge phases to gain access to a $100k funded account. The FundedNext Stellar 2-step challenge has no maximum trading days and a leverage of 1:100. Get an extra 10% off all the challenge fees and additional 15% from the evaluation profit and a 150% refund of the subscription fee with FundedNext discount code: GALAXY10.

Features of Funded Next Stellar 2 step prop firm cheapest $100,000 challenge account program:

• Account Size: $100,000 Demo account
• One Time Fee: $519, refundable
• Program Type: 2 Step Challenge
• Fee type: Refundable once a Funded Trader
• Profit Split: 80%, up to 90% plus 15% from challenge phase
• Profit Target: 8% phase one, 5% phase two
• Daily/ Maximum Drawdown: 5%/ 10% (balance based)
• Trading Leverage: 1:100
• Prop Firm EA Trading: Allowed
• Trade Copier: Yes.
• Maximum Trading Days: Unlimited
• Minimum Trading Days: 5 days
• News Trading: Yes
• Weekend Holding: Yes
• Platforms: MT4 and MT5
• Broker Partners: Growthnext and Incenteco

16. FTMO.

The 2-step Normal Evaluation of FTMO offers one of the prop firm’s cheapest $100,000 Challenge accounts for a fee of €540. The FTMO 2-phase evaluation account comes with 4 minimum trading days and unlimited maximum days.

There is a 5% daily drawdown, a 10% maximum drawdown, and a leverage of 1:100, all for a fee of €540. The profit target for step 1 evaluation is 10% while the profit target for the step 2 assessment stage is 5%. Traders can choose between MT4, MT5, or the Ctrader platforms. Register with FTMO prop firmand enjoy advanced trading features

Features of FTMO two phase prop firm cheapest $100,000 challenge account:

• Account size: $100,000 demo, scaling up to $2 million
• Cost: €540 Refundable fee
• Challenge type: 2 Steps
• Profit target: 10% step 1, 5% step 2
• Daily drawdown: 5%
• Overall drawdown: 10%
• Minimum Trading Days: 4 days
• Prop firm EA trading: Allowed
• Profit split: 80% up to 90%.
• Payouts are processed bi-weekly through Deel or Cryptocurrency

3 Phase Prop Firms that offer the Cheapest $100,000 Challenge

In this section is a list of the cheapest 100k prop firm challenges with 3-phase evaluation. The good thing about the 3-phase evaluation is that it has more relaxed trading rules, unlike instant funding which has aggressive trading rules or one-phase and two-phase evaluations. Although it comes with a more lengthy trading evaluation process. You can go for it if you have the patience (of course as a trader you need patience)

17. E8 Funding

The E8 Funding offers the cheapest $100,000 challenge for $358 through its E8 track 3 Phase challenge program. Traders who choose this program will have to go through 3 steps of evaluation processes before getting funded.

E8 Track account comes with an 8% profit target for step 1 and 5% for steps 2 and 3. There is also a daily drawdown of 5% and an overall drawdown of 8% which can be scaled up to 14% during the funded account stage, with no minimum and maximum trading days and the fee is refundable. Save big using the E8Funding discount code: UNFAZED for 20% off, 90% profit split, and 125% refund.

Features of E8 Funding Three phase cheapest $100,000 challenge prop firm account:

• Account size: $100,000
• Fee: $358
• Challenge type: 3 Phase evaluation
• Profit target: 8%, 5%, 5%
• Daily loss limit: 5%, 5%, 5%
• Overall drawdown: 8%, 8%, 8%
• Min/ Max Trading Days: no minimum days
• Refundable fee: Yes $358
• Prop firm EA trading: Allowed

18. Lark Funding

Lark Funding prop firm offers the cheapest $100,000 challenge for just $370. The Lark Funding 3-stage program genuinely offers cheaper prop firm challenge with 75% off for resets. The $100k account comes with no daily drawdown, no minimum trading days, no maximum trading days, and a static overall drawdown.

Traders can pocket a profit split of 80% after meeting the profit targets of 5%, 4%, and 3% in each of the challenge stages and make a profit in their funded accounts. One beautiful thing about Lark Funding is that if you breach your account as a funded trader, you will still receive a payout of every profit you made in the account. Isn’t that amazing?

Additionally, you save 10% off the cost of the 3-step challenge with Lark Funding discount code: 3STAGE10

Features of Lark Funding Three phase cheapest $100,000 challenge prop firm account:

• Account Size: $100,000 demo
• Program: 3 Step Challenge
• One Time Fee: $370
• Profit target: 5% Stage 1, 4% Stage 2 and 3% Stage 3
• Maximum daily drawdown: Does not apply
• Overall drawdown: 5% per each stage
• Profit Split: 80%, up to 90%
• Min. Trading Days: 0
• Trading Period – Unlimited
• Discount & promos – Yes
• Weekend holding: At checkout
• Monthly competitions – Yes
• Expert Advisors trading: Allowed
• Consistency Rules: Not applicable

Although, there are many prop firms that may offer a cheap $100,000 challenge. The list above is what we can come up with based on certain criteria such as quality service, advanced features, and good reputation. These are some of the cheapest 100k programs available. Traders should carefully consider the trading rules and terms of each firm before choosing the one that best suits their needs.

Conclusion

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