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Best Prop Firms for Beginners

20 firms ranked · Updated April 2026

Starting with a prop firm can be overwhelming. The best firms for beginners offer low entry costs, generous drawdown rules, simple evaluation processes, and educational resources. We scored each firm on beginner-friendliness using challenge cost, drawdown flexibility, payout speed, and TrustPilot reputation.

20 Firms
92% Avg Max Split
$20 From
4.5 Avg TrustPilot
# Firm Profit Split Starting Price Payout Drawdown TrustPilot PFM Score
1 Phoenix Trader Funding Deal 80% (can scale higher) $39 14d cheapest price trend: +$0.00 over 14 points Bi-weekly None (Classic/Spark), 25% Dyna... 4.6 (243) 3.3 14d PFM score trend: -0.50 over 14 points View
2 BluSky Deal Up to 90% to the trader $59 14d cheapest price trend: +$0.00 over 14 points Daily Trailing (EOD) on Launch, Prop... 4.8 (826) 3.2 14d PFM score trend: -0.30 over 14 points View
3 E8 Markets Deal Up to 100% $48 14d cheapest price trend: +$0.00 over 14 points On Demand EOD (Signature) / Dynamic (E8... 4.4 (3,237) 2.8 14d PFM score trend: +0.40 over 14 points View
4 MyFundedFutures Deal 80% (Core/Pro), 90% (Rapid) $48 14d cheapest price trend: +$0.00 over 14 points Every 5 winning days (Core/Rapid), Every 14 calendar days (Pro) No daily loss limit; EOD trail... 4.9 (17,493) 3.2 14d PFM score trend: -0.30 over 14 points View
5 Traders Launch 55% or 80% profit split $20 14d cheapest price trend: $-29.0 over 14 points Same-day payouts EOD drawdown for futures (no i... 4.8 (62) 2.4 14d PFM score trend: -0.30 over 14 points View
6 Tradeify Deal 90% (100% on first $15K for Growth/Lightning) $99 14d cheapest price trend: +$0.00 over 14 points Daily (Select Daily) or every 5 winning days (Select Flex), 7-day cycle others EOD trailing drawdown. Growth... 4.6 (2,590) 3.8 14d PFM score trend: +1.3 over 14 points View
7 TradeDay Deal 95% $87 14d cheapest price trend: +$0.00 over 14 points Daily Trailing Max Drawdown 4.6 (1,350) 2.8 14d PFM score trend: -0.20 over 14 points View
8 Aqua Funded Deal Up to 100% $29 14d cheapest price trend: +$0.00 over 14 points On Demand 1-Step: 3% daily/6% trailing |... 3.1 (1,373) 2.8 14d PFM score trend: +0.10 over 14 points View
9 Take Profit Trader Deal 80% (PRO) / 90% (PRO+) $150 14d cheapest price trend: +$0.00 over 14 points Daily (24-48 hours via Rise) EOD trailing (Test/PRO+), Intr... 4.4 (8,980) 3.0 14d PFM score trend: +0.30 over 14 points View
10 Alpha Futures Deal 70% to 90% $63 14d cheapest price trend: +$0.00 over 14 points Every 14 days (Standard) / Weekly (Advanced/Zero) 4% trailing from EOD balance (... 4.9 (3,613) 2.7 14d PFM score trend: +0.00 over 14 points View
11 Alpha Capital Group Deal Up to 80% $50 14d cheapest price trend: +$0.00 over 14 points Bi-weekly or on-demand 4-5% daily, 6-10% total (varie... 4.7 (18,792) 6.9 14d PFM score trend: -0.30 over 14 points View
12 Funding Pips Deal 60-100% $29 14d cheapest price trend: +$0.00 over 14 points Weekly (Tuesday) Varies: 3-5% daily, 5-10% max 4.5 (52,621) 2.9 14d PFM score trend: +0.00 over 14 points View
13 Quant Tekel (Ascendx) Deal 80% (up to 90%) $26 14d cheapest price trend: +$0.00 over 14 points Bi-weekly (Prime) / On-demand (Instant, Power) 3-4% daily, 6-10% max (varies... 4.3 (12,362) 2.8 14d PFM score trend: -0.60 over 14 points View
14 City Traders Imperium Deal 80-100% $27 14d cheapest price trend: $-2.0 over 14 points On-demand (first after 14 days, then anytime) None (1-Step), 5% (2-Step), va... 3.2 14d PFM score trend: +0.60 over 14 points View
15 Lark Funding Deal 80% (up to 90%) $50 14d cheapest price trend: +$0.00 over 14 points Bi-weekly (14 days) Static, varies by program, 5-8... 4.4 (611) 2.5 14d PFM score trend: -0.50 over 14 points View
16 Trade The Pool Deal 70% (eval), up to 80% (funded) $47 14d cheapest price trend: +$0.00 over 14 points Every 14 days Day Trade: 2% daily / 4% max s... 4.3 (596) 2.0 14d PFM score trend: +0.10 over 14 points View
17 Ment Funding 75% (up to 90%) $250 14d cheapest price trend: +$0.00 over 14 points On demand 3% daily (futures) / 5% daily... 4.9 (227) 3.0 14d PFM score trend: +0.20 over 14 points View
18 FundYourFX 80% up to 100% $23 14d cheapest price trend: +$0.00 over 14 points Weekly No daily drawdown / 7% trailin... 3.8 (100) 2.3 14d PFM score trend: +0.00 over 14 points View
19 The Upside Funding Deal Up to 90% N/A Fast payouts (on-demand) 1-Step: no daily, 4% trailing... 4.8 (43) 2.4 14d PFM score trend: +0.30 over 14 points View
20 Elite Trader Funding Deal Up to 100% $38 14d cheapest price trend: +$0.00 over 14 points Same Day Static, EOD, or Trailing (vari... 3.9 (1,067) 3.7 14d PFM score trend: +0.00 over 14 points View

Frequently Asked Questions

Can beginners use prop firms?
Yes. Many prop firms are designed for newer traders with simple 1-step evaluations, generous rules, and low entry costs. Just make sure you have a basic trading strategy first.
How much does it cost to start?
You can start a prop firm challenge for as little as $10-50 with active promo codes. The cheapest options are typically smaller account sizes ($5K-$25K).
What should beginners look for in a prop firm?
Low challenge cost, no daily drawdown limit, generous profit targets (8-10%), bi-weekly or faster payouts, and a TrustPilot score above 4.0.

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