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Expert Comparison & Ranking

Cheapest Prop Firm Challenges (2026)

Start trading funded capital on a budget. We ranked the lowest-cost evaluation challenges offering real payouts and full capital scaling.

All Firms Directory 🤖 Best for EAs & Algo 💰 Cheapest Challenges ⏳ No Time Limit ⚡ Instant Funding
#1

FundingPips

4.7

Fast Weekly Payouts & Ultra-Low Evaluation Prices

Starting Price $32
Profit Split 80% - 90%
Max Drawdown 10%
Trading Period Unlimited
Full Review →
EAs Allowed: Yes Payouts: Weekly (Every 5 trading days) Platforms: MetaTrader 5, cTrader, MatchTrader
#2

Alpha Capital Group

4.7

Zero Commission Trading on US30 & Major Indices

Starting Price $47
Profit Split 80% - 90%
Max Drawdown 10%
Trading Period Unlimited
Full Review →
EAs Allowed: Yes Payouts: Bi-weekly (Instant on request) Platforms: MetaTrader 5, cTrader
#3

FundedNext

4.8

15% Profit Share Even in Challenge Phases

Starting Price $59
Profit Split 60% - 95% + 15% Challenge Profit Share
Max Drawdown 10%
Trading Period Unlimited
Full Review →
EAs Allowed: Yes Payouts: Bi-weekly (24-hour guarantee) Platforms: MetaTrader 4, MetaTrader 5, cTrader
#4

The 5%ers

4.9

Instant Funding Programs and Scaling Up to $4,000,000

Starting Price $95
Profit Split 80% - 100%
Max Drawdown 10%
Trading Period Unlimited
Full Review →
EAs Allowed: Yes Payouts: On-Demand Bi-weekly Platforms: MetaTrader 5
#5

FXIFY

4.6

Fully Customizable Challenges with Up to $400k Single Accounts

Starting Price $99
Profit Split 75% - 90%
Max Drawdown 6% - 10%
Trading Period Unlimited
Full Review →
EAs Allowed: Yes Payouts: On-Demand / Bi-weekly Platforms: MetaTrader 4, MetaTrader 5, DXtrade
#6

FTMO

4.9

The Gold Standard of Prop Trading with 10+ Years Track Record

Starting Price €155
Profit Split 80% - 90%
Max Drawdown 10%
Trading Period Unlimited
Full Review →
EAs Allowed: Yes Payouts: Bi-weekly / Monthly (On-Demand after 14 days) Platforms: MetaTrader 4, MetaTrader 5, cTrader, DXtrade

Frequently Asked Questions

What is the cheapest prop firm challenge available?

FundingPips offers a $5,000 challenge starting at just $32, followed by Alpha Capital Group ($10k from $47) and FundedNext ($6k from $59).

Are cheap prop firm challenges legit?

Yes, established discount firms like FundingPips and Alpha Capital have paid out millions in verified trader withdrawals.

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