Best Cheapest Forex Prop Firms: Get Funded for Under $50

Forex prop firms offer traders a chance to access trading capital with minimal upfront costs. In 2025, several firms provide evaluation programs starting at under $50, making them accessible for budget-conscious traders. Here’s a quick breakdown:

• FundingPips: Starts at $29, with discounts dropping it to $23.20. MT4/MT5 supported.
• FundedNext: $32 base fee, with promo codes offering up to 120% refunds. MT4/MT5 supported.
• The5ers: $39, reduced to $37.05 with discounts. MT5 only.
• Maven Trading: $15 for a $2,000 account, $22 for $5,000. Discounts available. MT5, Match-Trader, and TradingView supported.
• Blueberry Funded: $35, discounted to $24.50. MT5 only.
• Goat Funded Trader: $25 for MT5/Match-Trader, $37 for TradeLocker. No monthly fees.
• E8 Markets: $40, discounted to $38. MT4/MT5 supported.
• Alpha Capital Group: $50, often discounted to $40. MT5, cTrader, and other platforms supported.

These firms vary in pricing, platform compatibility, and features like refund policies and profit splits. Choose based on your trading style, platform preference, and budget.

Quick Comparison

Each firm has its pros and cons. Review their terms carefully to find the best fit for your needs.

Best 5 FX Prop Firms 2025 Review

1. FundingPips

FundingPips stands out as a budget-friendly option for 2025, earning a 4.3 out of 5 rating from 760 reviews on Prop Firm Match.

Entry-Level Price (Before Discount)

The starting price for FundingPips’ evaluation is just $29, making it an affordable choice for traders looking to get started.

Discounted Price (After Promo)

With a 20% discount, the evaluation fee drops to $23.20. This promotion was actively featured on the Prop Firm Match website in November 2025.

Platform Compatibility (MT4/MT5/TradingView)

FundingPips supports trading on both MT4 and MT5 platforms, but does not offer TradingView bridging. According to Trusted Prop, the firm ranks as the 3rd cheapest prop firm, with 1,347 users giving it an impressive 4.5 out of 5 rating.

For traders prioritizing affordability, FundingPips provides one of the lowest evaluation costs, starting at $29 – or $23.20 with the discount. Up next, let’s see how FundedNext compares in terms of cost.

2. FundedNext

FundedNext provides an affordable way to start trading with a $5,000 account evaluation priced at just $32.

Cheapest Tier Price (before promo)

The Stellar Lite account, offering a $5,000 evaluation, is available for $32.

Typical Promo Price (after discount)

FundedNext frequently offers promotional codes that can refund a significant portion – even more than the original evaluation fee:

• "PROPFIRMS": Refunds 120% of the challenge fee upon passing.
• "MDFS": Refunds 110% of the evaluation fee after success.
• "FT5": Another coupon option to reduce costs.

These promotions can effectively reduce the net cost for traders who successfully complete the challenge.

Monthly Fee After Funding

There are no recurring monthly fees once funding is secured. Instead, commissions are applied based on trade types:

• Forex and Commodities: $3 per lot for Evaluation, Express, and Stellar plans; $7 per lot for the Stellar Lite plan.
• Indices and Crypto: No commission is charged.

The higher commission rate on the Stellar Lite plan ($7/lot) is a trade-off for the lower upfront cost of the evaluation.

Platform Access (MT4/MT5/TradingView)

FundedNext supports MT4 and MT5 trading platforms, with occasional access to TradingView through bridging options. While MT4 and MT5 are consistently available, TradingView access may vary.

The Stellar Lite plan’s increased commission rate is balanced by its reduced initial evaluation fee, making it a compelling choice for budget-conscious traders.

Next, we’ll take a closer look at The5ers to explore more low-cost evaluation opportunities.

3. The5ers

The5ers provides a $5,000 trading challenge for just $39, offering traders a chance to scale their accounts over time.

Cheapest Tier Price (before promo)

The evaluation fee starts at $39. With a 5% discount applied, the price drops slightly to $37.05.

Platform Access (MT4/MT5/TradingView)

The5ers exclusively supports the MetaTrader 5 (MT5) platform. It does not offer compatibility with MT4 or TradingView.

This pricing makes The5ers an attractive choice for traders who are comfortable with MT5. However, the lack of support for other platforms is an important consideration for those exploring their options. Up next, we’ll dive into Maven Trading’s fresh take on affordable trader evaluations.

4. Maven Trading

Maven Trading has made a name for itself as a forward-thinking prop trading firm, offering some of the most budget-friendly pricing options in 2025. It’s become a go-to choice for traders looking for an affordable way to access funded trading accounts.

Cheapest Tier Price (before promo)

The entry-level pricing is hard to beat. Maven Trading’s $2,000 account, available through a 1-step challenge, costs just $15. For a $5,000 account, the price varies by platform: $22 for a 2-step challenge on MT5 or Match-Trader, and $44 for the same on the cTrader platform.

Typical Promo Price (after discount)

Discounts make these accounts even more accessible. By using the MVN8 discount code, traders can reduce the $5,000 2-step account fee from $22 to $20.24. Similarly, the $2,000 account fee can drop to as low as $13.80 with the same code.

Monthly Fee After Funded

Maven Trading keeps ongoing costs simple and trader-friendly. Once traders pass the evaluation and receive funding, there are no monthly fees. Even better, the evaluation fee is typically refunded in full upon successful completion of the challenge.

Platform Access (MT4/MT5/TradingView)

For platform flexibility, Maven Trading has traders covered. The $5,000 2-step account can be used with MetaTrader 5 or Match-Trader, while the cTrader option is available at a slightly higher rate. Additionally, integration with TradingView is offered, adding another layer of convenience.

With its combination of low starting costs, no recurring fees, and platform variety, Maven Trading has earned a solid reputation. The firm holds a 4.2-star rating from 548 reviews, reflecting its appeal among traders.

5. Blueberry Funded

Blueberry Funded is a prop firm centered around MT5, offering straightforward pricing with no recurring fees, making it a hassle-free choice for traders. Here’s a closer look at what they provide:

Cheapest Tier Price (Before Promo)

The starting price for Blueberry Funded’s $5,000, 2-step challenge account is $35.

Typical Promo Price (After Discount)

Promotional deals often bring the fee down to about $28, with occasional offers reducing it further to as low as $24.50.

Monthly Fee After Funded

Once traders are funded, there are no monthly fees. Additionally, the initial challenge fee is fully refundable after successfully passing the evaluation and completing the first withdrawal. This transparent pricing structure helps traders manage their upfront costs effectively.

Platform Access (MT4/MT5/TradingView)

Blueberry Funded exclusively supports MT5. There is no access to MT4 or TradingView integration.

6. Goat Funded Trader

Goat Funded Trader is known for its variety of platform options and competitive evaluation fees. Let’s break down the pricing and features for each platform they support.

Cheapest Tier Price (Before Promo)

The pricing for Goat Funded Trader depends on the platform you choose. The 2-step GOAT challenge costs $25 for MT5 and Match-Trader, while the same challenge is priced at $37 for TradeLocker.

Monthly Fee After Funded

One of the standout benefits of Goat Funded Trader is the lack of monthly fees after you’re funded. This means traders can keep their profits without worrying about recurring costs cutting into their earnings. It’s a clear advantage for long-term profitability.

Platform Access (MT4/MT5/TradingView)

Goat Funded Trader supports MT5, Match-Trader, and TradeLocker platforms. However, MT4 and TradingView bridging are not available. The platform you choose will influence your initial cost – both MT5 and Match-Trader cost $25, while TradeLocker is priced at $37.

Traders can also enjoy profit splits ranging from 80% to 100%, with payouts processed quickly – withdrawals can be made just three days after hitting a 3% profit target. This setup is ideal for active traders looking for fast access to their earnings.

7. E8 Markets

E8 Markets stands out with its straightforward interface and adaptable evaluation setups, allowing traders to tailor challenges to suit their trading preferences. This flexibility has made it a favorite among those who prioritize customizable options.

Cheapest Tier Price (Before Promo)

The standard evaluation challenge at E8 Markets is priced at $40, placing it among the more affordable options in the market. This fee covers the entire challenge, with no hidden charges.

Typical Promo Price (After Discount)

E8 Markets often provides a 5% discount on its challenge fees, bringing the cost down to approximately $38.

Monthly Fee After Funded

E8 Markets follows a one-time payment model for its evaluation challenges. Once traders are funded, there are no recurring monthly fees. This structure ensures traders can retain more of their earnings without worrying about ongoing costs. Additionally, the initial challenge fee is refundable upon successfully completing the evaluation.

Platform Access (MT4/MT5/TradingView)

E8 Markets supports both MT4 and MT5 platforms, offering traders familiar and versatile tools. However, TradingView bridging is not available, so those accustomed to TradingView will need to shift to the MetaTrader environment.

The firm provides an 80% base profit split, with the option to increase it through paid upgrades. A standout feature is the allowance for unlimited trading days during the evaluation phase, giving traders ample time to meet the requirements. However, it’s important to note the 4% trailing drawdown rule, which is stricter compared to static drawdown policies. This combination of flexibility, fair pricing, and clear rules makes E8 Markets a compelling choice for budget-conscious traders.

8. Alpha Capital Group

Alpha Capital Group, based in the UK, stands out as a prop firm with competitive pricing and flexible challenge structures, making funded trading accessible and budget-friendly.

Cheapest Tier Price (Before Promo)

The most affordable option is the Alpha One 5K assessment, available for just $50. This provides a low-cost entry point for traders seeking funding.

Typical Promo Price (After Discount)

Promotions often bring the price down to $40 for the $5K Alpha Pro 6% challenge. Additional savings are available through coupon codes like FUNDEDTRADING15.

Monthly Fee After Funded

Once traders successfully pass the evaluation and get funded, there are no ongoing monthly fees. Instead, the firm operates on a performance-based model, offering traders an 80% profit share for Qualified Analyst plans, while retaining 20% themselves.

Platform Access (MT4/MT5/TradingView)

Traders can choose from platforms like MT5, cTrader, DXTrade, and TradeLocker. However, MT4 and TradingView are not currently supported. These platform options, combined with favorable trading conditions, enhance the firm’s appeal.

Alpha Capital Group has built a strong reputation, earning a 4.4/5 rating on Prop Firm Match from 741 reviews and being trusted by over 899 users on The Trusted Prop. Recognized as the #4 most affordable prop firm in 2025 by FundedTrading.com, it also offers leverage up to 1:100 on Forex. However, traders should be aware of strict inactivity rules: accounts are closed after 30 days of inactivity or if risk limits are exceeded.

9. Blue Guardian Capital

Before diving into Blue Guardian Capital, it’s important to note that their details haven’t been independently verified yet. To get the most accurate and up-to-date information, it’s best to reach out to them directly.

Cheapest Tier Price (Before Promo)

The evaluation fee specifics aren’t confirmed. If you’re interested, contact Blue Guardian Capital directly to check their pricing.

Typical Promo Price (After Discount)

Details about discounts or promotional pricing are currently unavailable. Reaching out to the firm is the only way to confirm any ongoing offers.

Monthly Fee After Funded

Information about monthly fees for funded accounts hasn’t been verified. It’s recommended to connect with Blue Guardian Capital for the latest fee structure.

Platform Access

Whether they support platforms like MT4, MT5, or TradingView remains unclear. For accurate details, contact Blue Guardian Capital directly to confirm platform access options.

10. MyFundedFX

MyFundedFX wraps up our overview of affordable Forex prop trading firms, offering another option for traders looking to keep costs manageable.

Cheapest Tier Price (Before Promo)

Currently, details about the evaluation fee for MyFundedFX‘s entry-level tier are unavailable.

Typical Promo Price (After Discount)

There’s no confirmed information on promotional pricing at this time.

Monthly Fee After Funded

It’s unclear whether MyFundedFX imposes monthly fees for funded accounts. This is an important consideration for traders planning to maintain long-term trading arrangements.

Platform Access (MT4/MT5/TradingView)

Information on platform compatibility – whether they support MT4, MT5, or TradingView – has not been verified. Platform access plays a crucial role in ensuring traders can execute their strategies effectively.

For the most accurate and up-to-date information on fees, platform options, and promotional deals, reach out to MyFundedFX directly. With this final addition, we’ve covered a range of budget-friendly prop trading firms to help you make an informed choice.

Pros and Cons Comparison

Here’s a clear side-by-side look at the key strengths and weaknesses of each prop firm, based on our analysis:

If you’re looking for the lowest fees, FundingPips and FundedNext stand out. For traders requiring MT4 compatibility, consider FundingPips, FundedNext, The5ers, Maven Trading, Alpha Capital Group, or MyFundedFX. On the other hand, Blueberry Funded, Goat Funded Trader, E8 Markets, and Blue Guardian Capital cater exclusively to MT5 users.

It’s always a good idea to verify specific details directly with the firms. Features like free reset policies and no monthly fees can significantly impact profitability, especially for long-term traders.

This comparison lays the groundwork for exploring VPS hosting options, which are essential for uninterrupted EA trading.

VPS Hosting for 24/7 EA Trading

When it comes to uninterrupted EA trading, VPS hosting is a game-changer. Running Expert Advisors (EAs) and automated strategies on platforms like MT4 and MT5 demands consistent internet connectivity. If your computer shuts down or loses connection, your EAs stop functioning, which can lead to missed trades or delayed stop-loss activations.

A Virtual Private Server (VPS) ensures your trading platform operates 24/7 from a secure data center, independent of your personal computer. This setup also reduces latency, minimizing slippage and enabling faster order execution – critical for forex prop firm traders working under strict drawdown limits and profit targets.

QuantVPS New York offers reliable 24/7 hosting for MT4 and MT5 with features designed to keep your automated strategies running smoothly. Highlights include NVMe storage, unmetered bandwidth, dedicated CPU resources, and automatic backups, all within a Windows Server 2022 environment. It also supports multi-instance trading, making it ideal for managing multiple prop firm accounts.

Prop firms allow trader-owned EAs to operate on VPS, ensuring continuous automation without breaking any rules. With QuantVPS New York, you get the uptime and low latency needed to keep your strategies running seamlessly, giving you the edge in automated trading.

Final Thoughts

Getting access to funded trading with a small upfront cost is now a reality, thanks to forex prop firms offering evaluations for under $50. Among them, FundingPips stands out for its consistently low fees, making it a great choice for traders mindful of their budget. FundedNext shines with its discount options, while The5ers provides appealing opportunities for long-term growth. If you’re looking for standout features, Maven Trading is worth exploring.

As we’ve outlined, each firm has its own strengths when it comes to costs, platforms, and fee structures. Your choice should depend on your trading style and needs. For example, scalpers and news traders might prioritize firms with flexible rules, while swing traders may focus on affordability and quick payouts. Also, ensure the firm supports your preferred platform, whether that’s MT4, MT5, or TradingView.

For those using automated strategies, uninterrupted performance is critical. QuantVPS New York offers the sub‑1ms latency needed to keep your Expert Advisors (EAs) running smoothly, even when your computer is off.

Ultimately, the right firm will align with your budget and trading approach. Take the time to review the terms carefully, as conditions can change. By balancing platform features against costs, you can confidently pick a low-cost prop firm that complements your trading strategy.

FAQs

What should I look for in a low-cost forex prop firm?

When choosing a budget-friendly forex prop firm, it’s important to weigh a few critical factors to ensure you’re getting the most for your money:

• Evaluation fee: Aim for firms that offer low-cost initial evaluation fees to minimize your upfront investment.
• Promotions and discounts: Keep an eye out for special deals or promotional pricing that can help reduce costs.
• Free retries or resets: Some firms provide free retries or offer discounted resets if you don’t succeed on your first attempt.
• Monthly fees: Be mindful of any recurring charges after you’ve been funded.
• Payout speed: Quick payouts can make a big difference once you start earning profits.

By carefully comparing these points, you can pinpoint firms that offer the lowest "first dollar to funded" costs while aligning with your trading goals. For uninterrupted trading on platforms like MT4 or MT5, using a dependable hosting service such as QuantVPS can ensure smooth performance and consistent uptime.

How do promotional discounts and refund policies work with these forex prop firms?

Promotions and refund policies can differ widely among forex prop firms, but here’s a quick overview of what to expect:

• Promotional Discounts: Many firms run special promotions, whether it’s seasonal deals or ongoing offers like reduced evaluation fees or coupon codes. These discounts often come with a deadline, so it’s worth keeping an eye on their websites or social media channels to catch the latest deals.
• Refund Policies: Refunds usually depend on specific circumstances, such as not passing an evaluation or choosing to exit the program early. Some firms might offer partial refunds, while others may have a strict no-refund policy. Be sure to carefully read the terms and conditions before committing to an evaluation.

To ensure you’re working with the most accurate information, always double-check the policies directly with the firm you’re considering.

Why does platform compatibility matter when choosing a forex prop firm, and how can it impact your trading strategy?

Platform compatibility is essential for executing your trading strategy seamlessly with the tools and features you know and trust. If a proprietary trading firm doesn’t support the platform you rely on, it could hinder your ability to use your go-to strategies or access specific indicators and expert advisors (EAs).

Take this as an example: Many traders depend on platforms like MT4 or MT5 to run their custom EAs, while others might lean on TradingView for its advanced charting tools. Making sure the platform you prefer is supported not only avoids interruptions but also lets you concentrate on delivering consistent results – whether you’re in the evaluation phase or trading live.

Related Blog Posts

• Best Futures Prop Firms: Fees, Challenges & Reviews 2025
• Funder Pro Futures Prop Firm Review
• What Is a Prop Firm? How Trader Funding Firms Work Explained Simply
• Best Funded Trading Accounts: Top Forex Prop Firms