Starting to trade a prop firm challenge without a free trial first can be a recipe for disaster.
Things can be quite complex to manage. From understanding all the rules to getting used to the platform, there’s nothing like a trial to gain confidence and do your prop firm evaluation properly.
In this article, I’ll show you all the prop firms that give free trial accounts, so you can start with the right foot.
Let’s start.
List Of Prop Firms With Free Trial Accounts
Here’s the list of the firms you’re looking for, ranked by popularity. I also reviewed all of them so you can check what they offer before you make a decision.
| Prop Firm | Profit Split | Cost | Max Balance | Rating | Review | Visit |
|---|---|---|---|---|---|---|
|
up to 90% | from €155 | $2,000,000 | 4.9 |
Read review | |
|
up to 90% | from $89 | $1,000,000 | 4.8 |
Read review | |
|
80% | from $80/month | $300,000 | 4.6 |
Read review | |
|
80% | from $55 | $1,280,000 | 4.5 |
Read review | |
|
up to 100% | from $33 | $400,000 | 4.5 |
Read review | |
|
90% | from $99/month | $250,000 | 4.5 |
Read review | |
|
up to 100% | from $39 | $2,000,000 | 4.3 |
Read review | |
|
90% | from $115/month | $250,000 | 4.3 |
Read review | |
|
up to 80% | from $55 | $3,000,000 | 4.2 |
Read review | |
|
up to 70% | from $97 | $160,000 | 4.2 |
Read review | |
|
up to 85% | from $129 | $2,000,000 | 4.2 |
Read review | |
|
75% | from £299 | $10,000,000 | 4.1 |
Read review | |
|
up to 90% | from $26/month | $300,000 | 4.0 |
Read review |
How Should I Choose A Prop Firm With A Free Trial?
Ok, now you went through the list of firms.
After you read the reviews or taken the main points, you may be undecided between a few of them.
That’s perfectly normal. Now you just need to compare them to understand which one fits your needs the best.
It’s easy, use this tool below. You can choose the firms with free trial that you want to compare, and all the details will be revealed to you side by side.
Test it now:
Compare Any Prop Firm
What Is A Prop Trading Free Trial?
A free trial is basically a risk-free period where you can test the prop firm’s platform and services.
This typically includes access to a demo trading environment where you can test the firm’s infrastructure before committing with real money.
The accounts have simulated capital, often $100,00 or more. Of course, you can’t take profits from these trials, but they are your preparation for when you’re ready to take the real challenge.
For How Long Can I Trade A Free Trial
The trials typically last between 7-14 days, but in some cases can be extended up to 30 days.
To start a trial you just need to do a basic registration with the firm. After verifying your email you can start right away as soon as your account is activated, which is often immediately.
Differences Between Trials And Challenges
The free trials may be a bit different from firm to firm. The main purpose is to get you familiarized with the platform, rather than the evaluation.
Having said that, some firms will still give you a trial with the exact same rules as a challenge. You’re able to test the challenge itself as you also test the platform.
Here are the main differences between trials and real challenges:
- Trials may have fewer trading-style restrictions
- There are no profit targets to meet
- May not have drawdown rules
- You cannot withdraw profits
What Do Free Trials Include
When you start a prop firm trial you typically get access to all these features and resources:
- Full access to the trading platform
- Real-time market data
- Trading tools and indicators
- Some access to educational resources
- Customer support
Disadvantages Of A Free Trial
Although you can test drive your prop firm with a trial, there are some limitations that you only get exposed to when you purchase a challenge or evaluation.
There are the most common limitations:
- Advanced features may be restricted
- Some markets may not be included in the challenge trial
- May not reflect the exact trading conditions of a real account
Tips For Your Challenge/Evaluation Trial
The more you commit to your challenge trial, the better chances you have to pass it with success.
Here are a few tips for you.
Set clear objectives
- Start by creating a checklist of the features you want to test.
- Choose what strategy you’ll want to evaluate. Make sure that it’s a trading style that fits the prop firm’s rules.
- Use this time to talk with customer support and clear any doubts you may have.
Test your trading environment
- Practice different order types on your platform (market, limit, stop, …). While doing this, also test modifying and canceling those orders.
- Take notice of the execution speed. This may differ at different times of the day, especially during peak hours.
- Try to scale in and scale out of your positions, the same way you’d do when trading a real challenge.
- Test your stop loss and take profit orders.
Document everything
- Keep a trading journal with all the details you need to evaluate the firm during the trial.
- Take screenshots when there’s any issue, something is unclear, or you get error messages or glitches.
Explore the resources of the prop firm
- Read the documentation that it’s available to you, both informational and educational.
- Join the prop firm’s community, if available. A lot of them have Discord servers to give support to their traders.
- Attend their webinars or training sessions.
Compare different trading conditions
- Check the spreads carefully at different times of the day.
- Take note of slippage when you open or close a position.
- Compare your charts with the charts given by other platforms.
- Test different lot sizes.
- Get used to the leverage offered and the margin required.
When you do your trial properly, your chances of succeeding in passing the prop firm challenge will increase. So don’t ignore this opportunity. Trading requires work, and testing is part of that work.
Learn More
- PropScan – challenge filter and selector
- What is prop trading
- List of the best prop trading firms
- Compare any prop firm
