Best Prop Firms for Beginners

New traders need low entry fees, simple rules, and forgiving drawdown. We ranked firms by the lowest barrier to entry combined with the easiest rules to follow.

#1
FundedNext
2-stepUp to 95% splitTier 1

Entry from $59. Static (floor never moves). No consistency rule.

Drawdown

Static

Cheapest Fee

$59

Payouts

Within 24 hours

Markets

forex, indices, commodities, crypto

Platforms

MT4, MT5, cTrader

News Trading

allowed

#2
For Traders
2-stepUp to 90% split

Entry from $49. Static (floor never moves). No consistency rule.

Drawdown

Static

Cheapest Fee

$49

Payouts

Monthly

Markets

forex, indices, commodities

Platforms

MT4, MT5

News Trading

allowed

#3
Goat Funded Trader
1-step / 2-stepUp to 95% split

Entry from $68. Static (floor never moves). No consistency rule.

Drawdown

Static

Cheapest Fee

$68

Payouts

Bi-weekly

Markets

forex, indices, commodities, crypto

Platforms

MT4, MT5

News Trading

allowed

#4
TopStep
1-stepUp to 90% splitTier 1

Entry from $49. Trailing EOD (floor moves up at end of day). No single day > 50% of total profit.

Drawdown

Trailing EOD

Cheapest Fee

$49

Payouts

Weekly

Markets

futures

Platforms

NinjaTrader, Tradovate, TradingView

News Trading

allowed

#5
The5%ers
2-stepUp to 100% splitTier 1

Entry from $95. Static (floor never moves). No consistency rule.

Drawdown

Static

Cheapest Fee

$95

Payouts

Bi-weekly

Markets

forex, indices, commodities

Platforms

MT5

News Trading

allowed

Rankings based on data verified against official firm websites. Last updated March 2026. Rules can change -- always verify with the firm before purchasing a challenge.

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