7 Cheapest Prop Firm Challenge Under $50

Understanding Prop Firms

Proprietary trading firms, or prop firms, support traders by supplying the capital required to execute larger trades than their personal finances would permit. These firms essentially bet on the traders’ potential, giving them a share in the profits from the trades they conduct. Prop firms don’t just provide financial resources; they also offer educational materials, mentorship programs, and access to sophisticated trading tools. Their goal is to enhance a trader’s skills and understanding of the market.

Evaluating Prop Firms

When the goal is to partner with a cost-effective prop firm, certain criteria become pivotal in making an informed choice:

  • Reputation and Trustworthiness: Research the firm’s standing and track record in the trading community.
  • Profit Sharing Arrangement: Examine the framework for how earnings are distributed between the trader and the firm.
  • Supportive Infrastructure: Assess the extent of support provided, be it through analytics, market insights, or educational content.
  • Operational Terms: Familiarize yourself with the operational guidelines, including drawdown limits and profit objectives.
  • Trading Instrument Availability: Ensure the firm supports the asset classes you’re interested in trading.

Benefits of the Cheapest Prop Firms Challenge Under $50

Opting for a prop firm challenge that costs under $50 and offers a $5K funding account can present numerous advantages:

  • Reduced Financial Exposure: A modest initial capital investment minimizes the risk of significant financial loss.
  • Educational Value: These challenges serve as practical learning platforms for novice traders to refine their trading strategies and decision-making skills.
  • Experimental Ground for Strategies: Traders can test and validate their trading approaches with real funds, yet within a controlled and limited risk environment.
  • Expansion Opportunities: Success in these challenges can lead to account upgrades, enabling traders to manage increased capital over time.
  • Broader Market Access: Even with a smaller investment, traders can participate in a wider array of markets, potentially enhancing their trading scope and opportunities.

1. Maven

Maven: A New Horizon for Prop Traders

Maven prop trading firm, based in Canada and started in November 2022, quickly became a key platform for traders of all experience levels. Known for its dynamic trading challenges and competitive conditions, Maven has established itself in the prop trading industry, providing traders with access to substantial capital.

Maven Features and Advantages

  • Accessible Trading Capital: Maven unlocks the gateway to substantial trading capital through its economically priced prop firm challenges, tailored for traders aspiring to expand their market reach without hefty initial investments.
  • Optimal Trading Conditions: Esteemed for its integrity and superior trading conditions, Maven cultivates an environment where traders can thrive.
  • Enhanced Profit Potential: With a lucrative profit sharing model, Maven aligns its success with that of its traders, offering up to 85% of the profits.
  • Advanced Trading Support: Beyond capital, Maven extends a suite of educational resources and cutting-edge platforms (MT4, MT5, Match-Trader) to bolster trader proficiency and strategy development.

Maven’s Economical 2-Step Challenge

Maven introduces its budget-friendly 2-Step Challenge, priced under $50, showcasing its commitment to promoting trading excellence and financial accessibility.

At only $19, this challenge offers traders the chance to manage a $5K account, featuring realistic profit targets of 8% for Phase 1 and 5% for Phase 2. It also promotes a balanced risk management with a 4% maximum daily loss and an 8% maximum total drawdown. Maven’s challenge encourages strategic trading, requiring no minimum number of trading days and providing unlimited time to achieve the profit targets.

Maven 2-Step Challenge Account Rules for $5K:

  • Phase 1 Profit Target: 8%
  • Phase 2 Profit Target: 5%
  • Daily Drawdown: 4%
  • Total Equity Drawdown: 8%
  • Trading Platform Accessibility: MT4, MT5, Match-Trader
  • Leverage: Up to 75:1, empowering traders to maximize their strategies.

2. Funding Pips

Funding Pips: Empowering Traders with Comprehensive Support

Funding Pips, under the leadership of CEO Khaled Ayesh, has quickly positioned itself as a notable contender in the prop trading industry since its inception in the United Arab Emirates in November 2022. With a focus on providing robust support and advanced trading platforms like Match Trader and cTrader, Funding Pips is dedicated to fostering the growth of traders at all levels.

Funding Pips Features and Advantages

  • Broad Range of Instruments: Offering Forex, Crypto, Indices, Metals & Energies, Funding Pips caters to diverse trading preferences and strategies.
  • Competitive Leverage Options: With leverage options scaling up to 1:100 for Forex, Funding Pips ensures traders have the flexibility to maximize their trading strategies.
  • Low Commission Structure: Traders benefit from a low commission of $2 per lot on Forex and Metals, with other instruments being commission-free, enhancing the profitability of trading strategies.
  • Structured Scaling Program: The unique tiered scaling plan encourages continuous growth, allowing traders to expand their account sizes and trading capabilities progressively.

Funding Pips’ Economical 2-Step Challenge

Funding Pips, staying true to its goal of making professional trading accessible, provides an affordable 2-Step Challenge. This is designed for traders who want to use their skills to gain access to significant capital.

At just $32, this challenge provides traders the opportunity to manage a $5K account, featuring attainable profit targets of 8% for Phase 1 and 5% for Phase 2. It includes a balanced risk management system with a 5% maximum daily loss and a 10% maximum total drawdown. Tailored to support different trading styles, the challenge allows for the use of Expert Advisors, copy trading, and specific rules for news trading.

Funding Pips 2-Step Challenge Account Rules for $5K:

  • Phase 1 Profit Target: 8%
  • Phase 2 Profit Target: 5%
  • Daily Drawdown: 5%
  • Total Equity Drawdown: 10%
  • Trading Platform Accessibility: Match-Trader, cTrader
  • Leverage: Up to 100:1, providing a competitive edge to execute diverse trading strategies.

3. Skilled Funded Traders

Skilled Funded Traders: Navigating the Path to Trading Mastery

Under the leadership of CEO Omar Agag, Skilled Funded Traders has emerged as a dynamic player in the proprietary trading firm landscape in the United States. Since its establishment in June 2023, the firm has rapidly gained recognition for its innovative trading methods on the MT4 and MT5 platforms, working with well-known brokers such as EightCap, ThinkMarkets, and Purple Trading Seychelles. Skilled Funded Traders offers account sizes from $5,000 to $200,000, along with a two-step evaluation process that accommodates various trading strategies and goals.

Skilled Funded Traders Features and Advantages

  • Diverse Trading Instruments: Catering to a wide array of preferences with Forex, Metals, Commodities, Indices, and Crypto.
  • Adaptable Leverage Options: Tailoring leverage to fit each trader’s needs across different account types, with up to 1:100 for Forex in Regular Accounts.
  • Transparent Commissions: Competitive rates with Forex trades at $7 per lot and Metals at $3 per lot, ensuring clarity and fairness.
  • Progressive Scaling Plan: A strategic approach to facilitate consistent growth, enabling traders to incrementally increase their account size and trading power.

Skilled Funded Traders’ Economical 2-Step Challenge

Skilled Funded Traders is dedicated to making professional trading accessible to more people, offering an economical 2-Step Challenge. This opportunity allows traders to use their skills to gain access to substantial trading capital.

Priced at $33, this challenge offers traders the chance to manage a $5K account, making it an attractive starting point. It sets clear profit targets: 8% for Phase 1 and 5% for Phase 2, with a sound risk management strategy that includes a 4% maximum daily loss and an 8% total equity drawdown limit. The challenge is tailored to accommodate different trading methods, allowing the use of Expert Advisors, copy trading, and specific rules for news trading.

Skilled Funded Traders 2-Step Challenge Account Rules for $5K:

  • Phase 1 Profit Target: 8%
  • Phase 2 Profit Target: 5%
  • Daily Drawdown: 4%
  • Total Equity Drawdown: 8%
  • Trading Platform Accessibility: cTrader, DXTrade
  • Leverage: Up to 50:1, offering traders a substantial edge to deploy a variety of trading strategies effectively.

4. The 5%ers

The 5%ers: A Comprehensive Platform for Diverse Trading Strategies

The 5%ers, under CEO Saul Lokier’s leadership, has been a prominent figure in the proprietary trading firm landscape since its establishment in January 2016 in Israel.The 5%ers utilize the MT5 platform and work with commercial liquidity providers, offering a wide range of account sizes from $5,000 to $250,000, catering to various traders. Their unique evaluation system includes 1 Step, 2 Step, and 3 Step processes, enabling traders to choose a pathway that matches their experience and objectives. This adaptability, along with a variety of instruments and flexible leverage options, highlights The 5%ers’ dedication to fostering traders’ diverse strategies and development.

The 5%ers Features and Advantages

  • Versatile Trading Instruments: With Forex, Metals, Indices, Crypto, and Commodities on offer, The 5%ers caters to various trading interests and strategies.
  • Adaptable Leverage Options: The platform provides different leverage settings across its programs, including up to 1:100 for Forex in the High Stakes program, accommodating aggressive trading approaches.
  • Transparent Commission Structure: The 5%ers’ ECN-Broker-Fees-Structure ensures clarity in trading costs, with a commission of $4 per lot round trip for Forex & Metals, and commission-free trading for Indices, Crypto, and Oil.
  • Dynamic Scaling Plan: Offering a path to account balances of up to $4 million, The 5%ers rewards successful traders with account doubling at every 10% profit milestone, enhancing potential earnings and growth opportunities.

The 5%ers’ Economical Evaluation Challenges

The 5%ers are recognized for their cost-effective evaluation challenges, which make professional trading more accessible to many people. The High Stakes Challenge, in particular, is noted for its affordability and the opportunities it provides.

Starting at $39, this challenge grants access to manage a $5K account, with achievable profit targets and a well-structured risk management approach. The use of Expert Advisors, copy trading, and tailored conditions for news trading makes this challenge adaptable to different trading preferences.

The 5%ers 2-Step Challenge Account Rules for $5K:

  • Phase 1 Profit Target: 8%
  • Phase 2 Profit Target: 5%
  • Daily Drawdown: 5%
  • Total Equity Drawdown: 10%
  • Trading Platform Accessibility: MT5
  • Leverage: Up to 100:1, offering a competitive edge for diverse trading strategies.

5. Goat Funded Trader

Goat Funded Trader: Elevating Trading Potential with Tailored Programs

Goat Funded Trader, spearheaded by CEO Edoardo Dalla Torre, has swiftly emerged as a distinguished prop trading firm from Spain since its inception in May 2023. This firm differentiates itself by offering trading capabilities on both MT4 and MT5 platforms, in partnership with ThinkMarkets as the broker. Goat Funded Trader caters to a wide range of traders, offering account sizes from $5,000 to $200,000. Its evaluation process is highly adaptable, consisting of two main steps: achieving a 7% profit target in Step 1 and a 5% target in Step 2. This approach, along with a selection of tradable instruments and leverage options, makes Goat Funded Trader a supportive platform for traders who want to boost their trading skills.

Goat Funded Trader Features and Advantages

  • Diverse Trading Instruments: Encompassing Forex, Commodities, Indices, Equities, and Cryptocurrencies, Goat Funded Trader caters to various trading interests.
  • Flexible Leverage Options: The firm offers leverage up to 1:100 for Forex, Metals, and Oils in the Classic and No Time Limit Evaluations, providing traders with substantial flexibility in strategizing their trades.
  • Innovative Evaluation Process: Through its two-step evaluation process with adjustable profit targets, Goat Funded Trader facilitates tailored progression paths for traders.
  • Comprehensive Trading Support: With offerings like Expert Advisors (EA’s) allowance, and conditions for news trading, the firm supports a wide array of trading strategies.

Goat Funded Trader’ Economical 2-Step Challenge

Among its varied evaluation challenges, Goat Funded Trader’s No Time Limit – 2-Steps Challenge stands out for its adaptability and potential for traders.

Priced at $45, this classic 2-step challenge offers traders the opportunity to manage a $5K account with up to 95% profit split. The challenge is designed to accommodate a broad range of trading styles, setting a feasible profit target of 7% in Phase 1 and 5% in Phase 2, alongside a balanced risk management framework.

Goat Funded Trader 2-Step Challenge Account Rules for $50K:

  • Phase 1 Profit Target: 7%
  • Phase 2 Profit Target: 5%
  • Daily Drawdown: 4%
  • Total Equity Drawdown: 8%
  • Trading Platform Accessibility: Match Trader, ThinkTrader
  • Leverage: Up to 100:1.

6. Limitless Funding

Limitless Funding: Navigating Trading Aspirations with Adaptive Evaluations

Limitless Funding Limitless Funding takes a progressive stance in the remote proprietary trading firm arena, providing traders a platform to demonstrate their skills via well-organized evaluations. Traders have options among 1-phase, 2-phase, and 3-phase evaluations, with funding levels from $5,000 to $200,000, and the possibility of accessing trading capital up to $2,250,000. Notably, successful traders can receive up to 90% of the profits, highlighting Limitless Funding’s dedication to recognizing and rewarding trading expertise.

Limitless Funding Features and Advantages

  • Versatile Evaluation Options: Catering to diverse trading styles and proficiency levels, the firm presents 1-phase, 2-phase, and 3-phase evaluations.
  • Generous Profit Splits: Traders can earn up to a 90% share of the profits, emphasizing the firm’s favorable trader-centric profit-sharing model.
  • Expansive Trading Capital Access: Upon successful evaluation, traders gain access to significant trading capital, showcasing the firm’s trust and investment in trader growth.
  • No Time Limits on Evaluations: Traders are afforded the flexibility to achieve their targets without the pressure of a time constraint, promoting a focus on quality and strategic trading.
  • Comprehensive Trading Instruments: Offering a wide array of tradable instruments including Crypto, FX, Indices, Metals, and Equity Shares, catering to varied trading interests.

Limitless Funding’ Economical 2-Step Challenge

With a registration fee of only $42 for a $5K account, traders start a journey that leads to significant trading capital. This evaluation challenge is crafted to accommodate traders at all levels, offering a profit split of up to 90%. It sets a clear goal of a 5% profit target in Phase 1, followed by a 5% target in Phase 2, and another 5% in Phase 3, all without any time limit constraints.

Limitless Funding 3-Phase Challenge Account Rules for $5K:

  • Phase 1 Profit Target: 5%
  • Phase 2 Profit Target: 5%
  • Phase 3 Profit Target: 5%
  • Daily Drawdown: None
  • Total Equity Drawdown: 5%
  • Leverage: Offers up to 1:30.

There is a 15% off if you use the code PFR15.

7. Consummate Traders

Consummate Traders: Unleashing Trader Potential with Flexible Capital Access

Consummate Traders is transforming the prop trading industry in Africa by giving retail traders the capital to chase financial independence. Created to address the issue of traders lacking funds, it provides access to over 1000 trading instruments, such as stocks, crypto, forex, and others. This firm is tailored to meet different trader requirements, offering straightforward entry methods, rigorous evaluations for accessing larger capital, and generous profit sharing.

Consummate Traders Features and Advantages

  • Adaptive Entry Options: Consummate Traders provides both direct entry for trading up to $50,000 without any evaluation and a challenging pathway to manage up to $400,000, catering to traders of various risk appetites and confidence levels.
  • High Profit Share: Highlighting its commitment to rewarding trader skill and effort, the firm offers up to 90% profit split, one of the most generous in the industry.
  • Substantial Capital Offering: Demonstrating significant trust in its traders, Consummate Traders makes available impressive capital up to $400,000 for trading upon passing evaluations, further extendable under its scaling policy.
  • No Minimum Trading Days: This feature allows traders the freedom to operate on their schedule, emphasizing skill and market timing over arbitrary time constraints.
  • Diverse Trading Instruments: With access to over 1000 instruments across stocks, crypto, forex, and more, the firm supports a broad spectrum of trading strategies and preferences.
  • Supportive Infrastructure: Consummate Traders not only provides financial backing but also stands out for its supportive ecosystem, including 24/7 customer support, a refundable fee structure, and a commitment to comprehensive trader development.

Consummate Traders’ Economical 2-Step Challenge

Consummate Traders offers a special chance for traders to interact with the markets via its well-priced challenge. Charging a $49 registration fee for a $5K account, this challenge is thoughtfully planned to suit traders with various experiences and goals. Providing up to a 90% profit split, it creates a practical route for traders seeking financial independence through disciplined trading and effective risk management.

Consummate Traders 2-Phase Challenge Account Rules for $5K:

  • Phase 1 Profit Target: 8%
  • Phase 2 Profit Target: 5%
  • Daily Drawdown: 6%
  • Total Equity Drawdown: 12%
  • Leverage: Up to 1:100.

There is a 15% off if you use the code BUYBACK017.

Comparison and Analysis


Maven presents a $5K funding challenge, priced at $19.00. Its standout feature is the no minimum trading day requirement, plus the chance to scale with up to 75:1 leverage, appealing to traders at all skill levels.

Funding Pips

Funding Pips offers a similar $5K challenge for $32.00. It’s known for low commissions and a structured scaling plan, providing up to 100:1 leverage and a variety of trading instruments, ideal for growth-focused traders.

Skilled Funded Traders

Skilled Funded Traders has a $5K challenge at $33.00, aiming to offer excellent trading conditions with its dynamic platforms and competitive leverage, suitable for traders seeking supportive conditions and substantial capital.

The 5%ers

The 5%ers, with a $5K account challenge at $39.00, are noted for their wide range of trading instruments and scaling plan, targeting traders who want substantial career progression.

Goat Funded Trader

Goat Funded Trader enters with a $5K challenge at $45.00, known for its flexible leverage and extensive trading support, catering to various trading styles.

Limitless Funding

Limitless Funding, priced at $42.00 for its $5K challenge, stands out with high profit shares and large capital access, plus a flexible evaluation timeframe, ideal for traders desiring freedom and profit-sharing.

Consummate Traders

Consummate Traders, offering a $5K challenge for $49.00, emphasizes a high profit share, extensive capital, and supportive infrastructure, aiming to provide a comprehensive platform for traders needing flexible entry and diverse instruments.


In the pursuit of unlocking financial potential and market access, the prop firms outlined – Maven, Funding Pips, Skilled Funded Traders, The 5%ers, Goat Funded Trader, Limitless Funding, and Consummate Traders – each present unique opportunities through their affordable $5K funding accounts. With varied leverage options, profit splits, and support systems, these firms cater to a wide range of trading preferences and strategies.

Traders should explore the details of each prop firm to find the one that matches their trading style and growth goals. Choosing a prop firm that fits their trading approach allows traders to use the financial and educational resources offered to tackle the global financial markets’ challenges and forge a successful trading career.

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