The verdict. No firm in this survey sells a funded $100,000 account. Every one of them sells an attempt at one, and the advertised fee is the smallest part of what that attempt costs. Across the 23 firms we priced from their own live pages on 9 September 2026, the headline number for a ~$100K programme ran from $39.90 with a coupon to $969 at list, and from $99 a month to $350 a month on the subscription side. The ranking inverts once you count monthly billing, activation fees, resets, expiry dates, paid profit-split add-ons and discount codes the firms themselves label temporary. The single biggest caveat: only two firms here publish how many candidates pass, and their own numbers are 8.89% and 16.8%.

How we priced this, and what “cheapest” has to mean

Every figure below was read on the firm’s own live pricing or rules page on 9 September 2026. Nothing is carried from memory, from an affiliate comparison table or from a third-party ranking site. Where a firm publishes a struck-through list price beside a promotional price, both appear. Where a price could not be read, the firm is left out of the table rather than estimated, and named at the end.

“Cheapest” is doing a lot of work in the search query that brings most readers here, and it hides three separate questions. The cheapest sticker price is one thing. The cheapest all-in cost of a single attempt — fee plus activation plus data plus any add-on you must buy to get the advertised terms — is another. And the cheapest cost per funded account, which divides that all-in figure by the odds of passing, is a third, and it is the only one that describes what a trader actually spends. On the one firm where both a price and a pass rate are published, the gap between the first number and the third is a factor of eleven.

The price of a $100,000 account: CFD and forex firms

These are one-time fees. The final column is computed by The Industry Spread and is published by none of these firms: it divides the current advertised price by 8.89%, the only evaluation pass rate any firm in this survey discloses with a stated methodology. No CFD firm in this table publishes its own pass rate and none has endorsed that divisor. It is an illustration of scale, not a claim about any individual firm’s odds.

Firm	Programme	Advertised, $100K	List price	Structure and catch	Split	Cost per funded account (computed at 8.89%)
The5ers	Summer Plan, 1 Step	$249	$249	“One-time Fee”; refund from 3rd payout; $2,000 payout cap	75%	$2,801
Goat Funded Trader	10% targets, no consistency rule	$263	$438.00	“One-time 100% refundable fee”	Up to 100%	$2,958
Aqua Funded	Standard	$283	not shown	“100% refundable fees”; 100% split is an upgrade	90% standard	$3,183
Maven Trading	Standard 1-Step	$342 with coupon	$380	“Refundable on the third withdrawal”	80%	$3,847
Alpha Capital Group	Alpha One 6%, 1-step	$397	$397	4% trailing max loss; 90% split costs “+~10% plan price”	80%	$4,466
FTMO	1-Step Challenge	€399	€499	One-time; the 1-Step fee is not refunded	90%	€4,488
Fintokei	StartTrader, 3-step	$419	$419	“One-time fee”; three phases, 2% + 3% + 6%	50–100%	$4,713
FTMO	2-Step Challenge	€439	€540	One-time; fee refunded with the first Reward	80%, 90% on scaling	€4,938
City Traders Imperium	1-Step Challenge	$449	$449	“One-Time Payment”; no daily drawdown	Up to 100%	$5,051
Blue Guardian	Instant	$467.00 with code BG25	$623.00	90% split sold as an add-on; news trading not allowed	“Up to 90%”	$5,253
SabioTrade	Advanced	$479	$479	One-time	not shown on the tariff card	$5,388
Fintokei	SwiftTrader, 1-step	$499	$499	“One-time Fee”; a single 6% target	90%	$5,613
FunderPro	Classic 2-Phase	$539	$539	$0 upfront — “will be processed with 1st reward”	80%	$6,063
DNA Funded	2 Phase	$549	$549	One-time; new orders currently paused	Up to 90%	$6,175
FundedNext	Stellar 2-Step	$549.99	$549.99	Site-wide promo code excludes the 100K tier; reset $494.99	80%, up to 95% with add-ons	$6,187
Atlas Funded	Instant	$554 with code WC50	$969	Discount labelled “LIMITED TIME”	100%	$6,232
FundedNext	Stellar 1-Step	$569.99	$569.99	Reset $512.99, cheaper than a repurchase	80%, up to 95% with add-ons	$6,412
DNA Funded	1 Phase	$619	$619	One-time; new orders currently paused	Up to 90%	$6,962
BrightFunded	2-Step Classic	€357.75 (−25%)	€477	One-time, priced in euro	Up to 90%	€4,024

Read on the firms’ own pages, 9 September 2026: The5ers, Goat Funded Trader, Aqua Funded, Maven Trading, Alpha Capital Group, FTMO, Fintokei, City Traders Imperium, Blue Guardian, SabioTrade, FunderPro, DNA Funded, FundedNext, Atlas Funded and BrightFunded.

The price of a $100,000 account: futures firms

The futures side is where the monthly-versus-one-time distinction lives, and it is the largest single variable in this whole exercise. Every profit target below is $6,000 and every maximum drawdown is $3,000 or $3,500, which is precisely what makes the fee structures the deciding factor.

Firm	Programme	Advertised, $100K	List	Billing	Activation fee	Reset	Drawdown	Split
Apex Trader Funding	100K Intraday Trail	$39.90 with coupon	$399.00	One-time; “eval active for 30 days”	$59, one-time	“N/A … NO RESETS”	$3,000 intraday trailing	100% in sim funded
Topstep	$100K Trading Combine	$99	$129 without activation fee	Per month	$149 Express Funded activation	$99; credit included on rebill	$3,000 end-of-day trailing	90/10
TradeDay	100k Intraday, Quick Pay	$108 with code TDNEW	$240	Per month	“No activation fee”	$108	$3,000 intraday trailing	50/50 below $4k, then 80/20
OneUp Trader	1-Step Evaluation	$150	$150	Per month	none stated	“Unlimited Balance Resets”, free	$3,500 trailing	90%
MyFundedFutures	Rapid	$178 with code CLUB	$356	One-time, “no renewals”	$0	not published separately	$3,000 end-of-day	90/10
MyFundedFutures	Pro	$200.50 with code CLUB	$401	One-time, “no renewals”	$0	not published separately	$3,000	80/20
Bulenox	Qualification	$215	$215	One-time; “access valid for 30 days”	not on the pricing page	not on the pricing page	up to $3,000, no daily loss limit	first $10,000 at 100%
Take Profit Trader	$100k Test	$330	$330	Per month, stops on passing	$130 one-time PRO fee	$169	$3,000 end-of-day trailing	80/20 on PRO
Earn2Trade	Trader Career Path TCP100	$350	$350	Per month	$139, from the first withdrawal	$100 fixed; free on rebill	$3,500 end-of-day	50% under $3,000, 80% over

Read on the firms’ own pages, 9 September 2026: Apex Trader Funding, Topstep, TradeDay, OneUp Trader, MyFundedFutures, Bulenox, Take Profit Trader and Earn2Trade.

The cheapest advertised price is rarely the cheapest funded account

Five cases from the tables above invert the ranking outright.

Apex Trader Funding. At $39.90 it is by a distance the cheapest headline price in this survey — and the terms attached to it are the hardest. The same card reads: “ONE-TIME FEE. NO REBILL. EVAL ACTIVE FOR 30 DAYS. WILL EXPIRE AFTER 30 DAYS. NO RESETS. $399.00 $39.90 – (with Coupon Code).” The reset fee field says “N/A”. So the $39.90 buys a single 30-day window with no second attempt: fail on day 29 and the only route back is another purchase. The list price is ten times the coupon price, and passing then triggers a “One-Time Activation Fee $59” — more than the evaluation itself cost. On the coupon, the all-in cost of getting funded once is $98.90; at list it is $458.

Blue Guardian. Its Instant $100K is priced at $467.00 with the site-wide BG25 code against a $623.00 standard rate — mid-table on the sticker. But the same purchase panel lists “90% Profit Split” under the heading Add-Ons Available. The card’s split reads “Up to 90%”; the 90% is sold separately. Whatever that add-on costs, it is not in the $467. TIS has found the identical structure at Sway Funded and at Rhodium FX, whose 100K terms exclude the 90% upgrade its marketing pages advertise.

Alpha Capital Group. At $397 for the Alpha One 6% plan it is the cheapest of the established CFD names here. Its own rules table then gives the performance split as “80% (90% add-on)”, and the add-on line reads: “90% add-on — +~10% plan price — All Alpha One plans, and Alpha Pro On-Demand only (not Bi-Weekly). Not on Swing; Direct is 90% base.” Buying the advertised split costs roughly $40 more, which pushes the plan past FTMO’s discounted 1-Step. That plan’s maximum loss is also a 4% trailing limit against a 6% profit target.

FundedNext. Its site carries a promotional badge reading “UP TO 50% OFF” with the code START6K. The pricing data behind the same page lists, for both the Stellar 2-Step and the Stellar 1-Step packages, "excludePromo":["200k","100k","50k","25k","15k"]. The headline discount does not apply to the $100,000 account, or to any size above $6,000. What FundedNext does offer is a genuine retry: a failed Stellar 2-Step $100K can be reset for $494.99 against the $549.99 purchase price, one of the few explicit reset discounts we found anywhere.

Fintokei. Its cheapest route to a $100,000 account is StartTrader at $419, $80 less than SwiftTrader at $499. StartTrader is a three-phase evaluation with profit targets of 2%, then 3%, then 6%. SwiftTrader is one phase at 6%. The cheaper product asks for eleven percentage points of cumulative profit against the more expensive one’s six, and adds a rule capping any single day at 40% of the profit target. Per unit of work, StartTrader is the more expensive account.

Two further caveats sit across the whole survey. Atlas Funded’s Instant $100K is $554 with the WC50 code against a $969 list — a 43% gap that decides whether Atlas ranks eleventh or last, and the firm labels the offer “LIMITED TIME” itself. And DNA Funded‘s $549 two-phase account is competitive on price, but the banner across the top of its own homepage reads: “MT5 accounts are migrating to TradeLocker (impacted clients notified directly). All other trading remains unaffected. New orders are currently paused.” A price you cannot pay is not a price.

Monthly versus one-time is the biggest hidden variable

Six of the nine futures products above bill monthly. Three do not. And two of the three “one-time” products — Apex and Bulenox — attach a 30-day expiry to the account, which converts a one-time fee into a monthly one by another route. Bulenox’s card reads “$215 one-time — Access valid for 30 days”. Apex’s reads “EVAL ACTIVE FOR 30 DAYS. WILL EXPIRE AFTER 30 DAYS.” Neither is a subscription; both are a month.

MyFundedFutures‘ Rapid plan is the only genuinely open-ended one-time product in the futures table: $178 with the CLUB code, “One-time payment, no renewals”, $0 activation fee. Set against OneUp Trader‘s $150 a month — the cleanest monthly offer here, with free NinjaTrader licensing, free market data and Level 2, unlimited free resets, and the line “Data Fees – None! Hidden Fees – None!” on its own price card — the arithmetic is:

Time to pass	OneUp Trader, $150/mo	Topstep, $99/mo	Take Profit Trader, $330/mo	Earn2Trade, $350/mo	MyFundedFutures Rapid, $178 one-time
Month 1	$150	$99	$330	$350	$178
Month 2	$300	$198	$660	$700	$178
Month 3	$450	$297	$990	$1,050	$178
Month 4	$600	$396	$1,320	$1,400	$178

Those are our computations from each firm’s published monthly rate, before activation fees. The cheapest monthly product in the survey stops being cheaper than the cheapest one-time product between months one and two; the most expensive monthly product costs more in a single month than most of the CFD firms charge outright. A monthly price is not a price, it is a rate, and the total depends entirely on a variable only two firms publish — how long it takes to pass. Topstep’s own disclosure that 16.8% of Trading Combines are completed successfully while 51.8% of participants pass in at least one of theirs is the clearest published evidence that repeat purchase is normal rather than exceptional.

Rules that make a cheap account expensive

Drawdown that moves. OneUp’s $100,000 account carries a $6,000 profit target and a $3,500 trailing drawdown — a loss limit smaller than the target it is chasing, and one that follows the account’s high-water mark. Apex and TradeDay both use intraday trailing at $3,000; Topstep, Take Profit Trader, MyFundedFutures and Earn2Trade recalculate at the close instead. Blue Guardian’s Instant $100K pairs a $3,000 daily loss limit with a $6,000 trailing drawdown; Alpha Capital’s cheapest plan trails at 4%. A floor that tracks unrealised equity is the mechanic that voids the most accounts, and TIS has documented the extreme version at Leeloo Trading and at Redline Futures Funding, where the floor tracks money the trader never realised. Traders Launch shows the end-of-day alternative at a similar price.

Consistency rules. Apex applies 50% consistency, Topstep 50%, TradeDay 30% on its Intraday plan, Earn2Trade 30%. MyFundedFutures applies 50% during the evaluation only. Fintokei caps any single day at 40% of the profit target across all three StartTrader phases. Alpha Capital’s payout consistency is “40% best day + 2% min profit”, tightening to a 15% best-day rule on its Direct product. Maven’s Standard 1-Step advertises no consistency score at all. None of this is in the price, and all of it decides whether the price buys anything. TIS has traced how far it can go at Equity Edge and Uprofit, whose consistency rule appears with three different numbers across its own pages.

Fees charged only after you pass. This is the single most reliable way for a cheap evaluation to stop being cheap. Topstep’s card lists an “Express Funded Activation Fee: $149” — half again the $99 monthly Combine fee, and payable only once you succeed. Apex charges $59 on an evaluation that cost $39.90. Take Profit Trader charges a “One Time $130 Fee” on the move to a PRO account. Earn2Trade’s $139 is, in its own words, “deducted only from your first successful withdrawal”. Against that, TradeDay states “No activation fee” on every card and MyFundedFutures markets $0 explicitly as a differentiator. TIS has seen the sharp end at Top One Futures, where a $35 reset becomes $1,349 once funded, and at PropEd Capital, where a $10 account costs $109.

Payout caps and minimum days. A cheap account with a ceiling on withdrawals is not cheap. Topstep’s $100K sets payout caps of $2,000 then $4,000 on its Standard path, requiring “at least five (5) $150 winning trading days”, or $3,000 then $6,000 on its consistency path. Apex requires five trading days between rewards. The5ers’ Summer Plan $100K funded account carries a $2,000 payout cap and a $250 minimum withdrawal against a 75/25 split — the lowest split in the CFD table, attached to the lowest price. FundedNext’s Stellar 2-Step opens withdrawals after 21 days, then every 14. TIS has covered the harder version at PipFarm, which caps every payout at $5,000, and at Futures Elite, which requires six qualifying days between them.

Data and platform fees. OneUp bundles the NinjaTrader licence and Level 2 data at no charge and says so on the price card. Earn2Trade lists free platforms across Finamark, R Trader Pro, NinjaTrader, Tradovate, TradingView and BlackArrow, but notes market data fees on the live tier. Neither Apex nor Topstep publishes a market-data figure on its pricing page at all; Topstep’s data-fee page states that the charge “is for Live Funded Traders only” and puts the amount behind a payment form. Where a firm’s help pages contradict its pricing page, the help pages tend to be the operative document — see Trader2B, whose help centre calls a mandatory data fee optional, and Hydra Funding, whose $29 monthly platform fee can breach the account it is charged against.

Reset costs. The reset is the cheapest way back into an evaluation and the least consistently published number in this survey. OneUp offers unlimited free resets. Topstep charges $99 with a “Monthly Reset Credit on Rebill: Included”. TradeDay charges $108, exactly one month’s fee. Take Profit Trader charges $169. Earn2Trade charges a fixed $100 and gives a free reset each time the plan rebills. FundedNext discounts a $100K retry by 10%. Apex offers none at all. Most of the remaining CFD firms publish no reset price on their pricing pages, which means a failed attempt is a full repurchase unless a cheaper path exists inside the dashboard; FTMO’s FAQ index carries no reset product, and its answer on fees says only that “The fee paid for an FTMO Challenge is a one-time fee, and there are no recurring fees associated with our products.”

Payout reality, and what could not be verified

This is the section that matters, and most of it is a list of things nobody publishes.

Two firms disclose pass rates with a stated methodology. Earn2Trade‘s exam disclaimer reads, verbatim: “In 2025, 8.89% of candidates passed the Trader Career Path® / Gauntlet Mini™ examinations. Percentage is based on subscriptions passed against new subscriptions.” It continues: “Of candidates who passed either exam or progressed in the Trader Career Path®, 5.23% traded a Live account, and 94.77% traded a LiveSim® account. In 2025, 18.04% of Live accounts and 18.20% of LiveSim accounts had at least one withdrawal from them.”

Earn2Trade is therefore the only firm here where a published price and a published pass rate can be put side by side. Its TCP100 is $350 a month. Dividing that by its own 8.89% gives roughly $3,937 of subscription fees per funded account, plus the $139 activation — and that assumes a single month of billing, so it is a floor rather than an estimate. Carry the disclosure one step further and multiply 8.89% by the roughly 18% of funded accounts that took at least one withdrawal, and about 1.6% of subscriptions ended in a payment of any size. On the same one-month assumption, that implies on the order of $21,600 in fees for each subscription that produced a withdrawal. Every one of those figures is our arithmetic on the firm’s own two published numbers, not a disclosure by the firm — and no other firm in this survey publishes what would be needed to run the same calculation.

Topstep publishes more than anyone, on its own homepage: “From January through December 2025, (a) 16.8% of all Trading Combines initiated were successfully completed and afforded the opportunity to advance to the Funded Level, (b) 51.8% of individual participants who entered one or more Trading Combines advanced to the Funded Level in at least one of their Trading Combines, (c) 33.3% of all individual participants at the Funded Level received a payout, and (d) 0.71% of individual participants trading in an Express Funded Account were called up to a Live Funded Account.” At $99 a month and a 16.8% per-Combine rate, that implies about $589 of Combine fees per funded account before the $149 activation — again our arithmetic, on Topstep’s price and Topstep’s rate. The 16.8% and the 51.8% measure different things, attempts against people, and the 0.71% is the number to sit with.

Everything else in this survey is a volume claim without a denominator. Apex shows total and 90-day “compensation to customers” counters. Blue Guardian shows “$25M+ Total Payouts”. Goat Funded Trader shows “$29 MILLION Paid in rewards”, “$2,180 Average Reward” and “250K+ Active Traders”. TradeDay shows “$10M+ Verified Payouts”. Fintokei shows an average payout of $3,881 and an average payout time of 3h 4m. Atlas Funded shows an average payout of $15,389 on the $100K size. BrightFunded shows an average reward of $2,422.00, FundedNext an average reward of $3,342.24 on the Stellar 2-Step $100K. None is audited, and none states how much was collected in fees against it.

Goat’s three numbers can at least be read against each other. $29 million of rewards at an average of $2,180 implies roughly 13,300 individual reward payments. Because one funded trader can be paid many times, the number of distinct traders paid is at most 13,300 — no more than about 5% of the “250K+ active traders” the same page claims, and realistically well below it. That is our arithmetic on two of the firm’s own figures. Trustpilot’s own notice on Goat’s profile states that “This company’s rating is unavailable due to a breach of our guidelines” and that “We’ve removed a number of fake reviews for this company”, against 4,286 reviews of which 38% are one-star — a notice published by Trustpilot, not by us.

What we could not verify. Trustpilot blocked automated retrieval of the remaining firms’ profiles on 9 September 2026, so review scores and volumes for the other twenty-two firms are not reported here. Reddit was unreachable from our environment, so no r/PropFirmTester or r/propfirm payout threads were read for this piece. We found no regulator, exchange or academic source publishing an independent pass-rate estimate for prop evaluations; every widely circulated “5–10% industry pass rate” traces back to affiliate comparison sites and none should be treated as evidence. No firm here publishes payouts as a percentage of fees collected, and none submits payout data to an auditor whose report is public. Apex publishes no market-data or platform fee anywhere on its pricing configurator, and Topstep does not publish the Level 2 data charge for Combine accounts. Bulenox’s reset and funded-account activation fees are not on its pricing page and we have not priced them.

Regulatory posture: unregulated, and the funded account is simulated too

Almost none of these firms is regulated as a financial institution, and most say so in their own footers. The5ers’ website disclaimer reads: “Five Percent Online Ltd. (‘We’, ‘Our’, ‘Us’, or ‘Company’) operates as a proprietary trading firm. The Company is not a custodian, exchange, financial institution, trading platform, fiduciary or insurance business outside the purview of financial regulatory authorities… All trading activities conducted through the Company Hub are executed in a simulated environment.” FTMO’s terms state that “all accounts we provide to our clients are demo accounts with fictitious funds and any trading is in a simulated environment only”.

The point traders most often miss is that the simulation does not end when the evaluation does. MyFundedFutures’ own footnote is unambiguous: “The funded account stage operates exclusively in a simulated trading environment. All trades are executed on a demo basis and do not involve real capital.” A second footnote adds that “All MFFU accounts operate in a simulated environment. Evaluation fees are non-refundable.” Apex’s own product summary makes the same distinction, promising “100% Requested Rewards – No split in Sim Funded” and describing a live invitation as something the firm’s teams award to “the best traders”. Topstep’s 0.71% describes the same reality from the other end.

Greg Rubin, Head of Axi Select, put the model plainly to Finance Magnates: “Currently, prop trading is a little like the Wild West with very few industry regulations. Most players in this space use demo accounts and charge a registration fee to participate. They ultimately structure the offering to be virtual and non-financial, and therefore not subject to financial regulations.” In the same report, Evdokia Pitsillidou, Risk and Compliance Director at SALVUS Funds, said European regulators “are anticipated to introduce requirements for proprietary trading firms, including authorisation under the Markets in Financial Instruments Directive (MiFID)”, while Devexperts chief executive Evgeny Sorokin said “Regulation will definitely come, but it’s unclear when, how, and from whom”, adding that the rules “could be better suited to the gaming and gambling industry legislation rather than financial”. The same report quotes Belgium’s FSMA describing prop trading as a “game of shadow investing, a practice that costs money and can lead to reckless behaviour”; we could not locate the original FSMA publication and report that wording as Finance Magnates carried it. Approached by the publication, ESMA said only that “The meeting dates of ESMA meetings are not published, nor are the agendas of these meetings.” TIS has covered the firm in this space that sits closest to a regulated broker in its Axi Select review, and the rare case of an auditable, broker-dealer-backed desk in its Seven Points Capital review.

Firms we dropped, and why

Tradeify was excluded because its live pricing table is unfinished: on 9 September 2026 it displayed the same $359 struck through to $251 for the 25K, 50K, 100K and 150K accounts, alongside the placeholder strings “Lorem ipsum dolor.” and “Save $X with code DASH”. Funding Pips serves a security interstitial to every non-browser client and E8 Markets returns HTTP 403 on every path, so neither could be priced. Elite Trader Funding and Funded Trading Plus block automated retrieval of their plan pages. ThinkCapital, Instant Funding, FXIFY, Hola Prime, Quant Tekel and Finotive Funding render their $100K prices only after a client-side selection we could not resolve to a published figure. Guessing at any of them would have defeated the purpose.

Frequently asked questions

Which prop firm is genuinely cheapest for a $100,000 account?
On advertised price alone, Apex Trader Funding at $39.90 with its coupon, then Topstep at $99 for a month, then TradeDay at $108. On the CFD side, The5ers’ Summer Plan 1 Step at $249. On total cost the ranking changes: Apex’s evaluation expires after 30 days with no resets and adds a $59 activation fee, and Topstep adds $149 on passing, so MyFundedFutures Rapid at $178 one-time with a $0 activation fee is the cheapest product here that does not put a clock on you.

Is a monthly fee cheaper than a one-time fee?
Only if you pass quickly. Topstep at $99 a month beats a $178 one-time evaluation for one month and loses from month two. Take Profit Trader at $330 and Earn2Trade at $350 cost more in a single month than most CFD firms charge outright. Because only two firms publish an average pass rate and none publishes an average time to pass, the trader carries that uncertainty and the firm collects on it.

What is the real cost of a funded account?
Divide the all-in fee by the odds of passing. Earn2Trade’s $350 a month against its own published 8.89% pass rate implies at least $3,937 in fees per funded account before its $139 activation fee. Topstep’s $99 a month against its own 16.8% per-Combine rate implies about $589 before its $149 activation fee. Those are our computations from each firm’s own published price and own published rate.

Do prop firms actually pay out?
Some do, and two publish evidence. Topstep states that 33.3% of individual participants at the Funded Level received a payout in 2025. Earn2Trade states that about 18% of its funded accounts had at least one withdrawal. Every other firm here publishes a cumulative dollar figure with no denominator, which cannot be checked.

Are prop firms regulated?
Almost none of them is. Several state in their own footers that they sit outside the purview of financial regulators, and that both the evaluation and the funded account are simulated. Topstep’s disclosure that 0.71% of Express Funded participants were called up to a live account puts a number on how rarely the simulation ends. That is the single most important fact about the product, and the one the pricing pages never lead with.

Does the discount code matter?
Enormously, and not always in the buyer’s favour. Apex’s $100K Intraday Trail is $399.00 at list and $39.90 with a coupon. TradeDay’s is $240 at list and $108 with TDNEW. Atlas Funded’s is $969 and $554 with WC50, an offer the firm itself labels “LIMITED TIME”. MyFundedFutures Rapid is $356 and $178 with CLUB. FundedNext, meanwhile, advertises “UP TO 50% OFF” across its site while its own pricing data excludes the $100,000 tier from that promotion. Any ranking of cheapest prop firms is, in practice, a ranking of this week’s promotions.

Featured image: the Chicago Board of Trade trading floor, photograph by Lars Plougmann, via Wikimedia Commons, CC BY-SA 2.0.

This review is independent editorial analysis and is not financial, investment, or trading advice, and is not an endorsement or solicitation. The Industry Spread has no affiliate or referral relationship with the firms covered. Proprietary trading challenges carry a fee that is generally non-refundable, most participants do not reach a funded account, and funded capital is the firm’s capital, not the trader’s. Terms change frequently — always verify current rules directly with the firm before paying any fee.