Cheap Forex Prop Firms
Prop trading has gone from niche to mainstream, and it’s not slowing down. In 2025, more traders than ever are getting funded by proprietary trading firms, bypassing the old barrier of needing to risk tens of thousands of personal dollars just to get started.
Whether you’re a full-time day trader or a side-hustling chart ninja, the appeal is clear. These firms give you access to real capital, real payouts, and no personal financial risk, as long as you can pass their evaluation process. But here’s the catch: many traders burn out before they even begin, thanks to hefty signup fees and confusing rules.
That’s where the new wave of budget-friendly prop firms comes in—offering \$5K funded accounts at accessible prices. For just $39 to $70, you could be trading firm capital within weeks. It’s the modern-day apprentice model, only you’re trading candlesticks instead of swinging a hammer.
In this guide, we’re diving into the 5 cheapest prop trading firms offering $5,000 funded accounts in 2025. You’ll get the inside scoop on:
- What makes each firm beginner-friendly
- How their evaluations work
- Profit splits, scaling plans, and payout structures
- Real-world trader feedback
If you’ve got trading skills, but a tight budget, these are the firms to watch. Let’s find out which one gives you the best shot at building your funded trading career without blowing your savings.
1) Aqua Funded
If your goal is to start prop trading without burning through your savings, Aqua Funded is the standout choice for 2025. With an entry cost as low as $39, this firm offers what is likely the most affordable $5K funding challenge on the market.
AquaFunded also delivers one of the most generous profit-sharing models available. Traders can keep up to 100 percent of profits on funded accounts. For a budget firm, that’s almost unheard of and speaks to their commitment to trader growth.
Beyond the numbers, AquaFunded is designed with beginners in mind. The rules are clear and the platform is easy to navigate. The evaluation process feels more like a guided workout than a brutal obstacle course.
AquaFunded’s $5K Challenge: Key Features
Feature | Details |
Evaluation Type | Two-step process |
Profit Target (Phase 1) | 8% |
Maximum Drawdown | 5% |
Daily Drawdown | 3% |
Time Limit | 30 calendar days (Phase 1) |
Profit Split (Funded) | Up to 100% |
Scaling Plan | Yes, 25 to 50% capital increase every quarter |
Platform | MetaTrader 5 (MT5) |
Minimum Payout | $100 |
Payout Schedule | Every two weeks |
Allowed Strategies | Hedging, swing trading, and EAs allowed. News trading is not permitted on funded accounts |
What to Expect from the Evaluation Process
AquaFunded uses a two-step evaluation. However, the process is far more forgiving than many of its competitors.
- Phase One requires traders to reach an 8 percent profit target while staying within a 5 percent maximum drawdown and a 3 percent daily drawdown.
- Phase Two shifts the focus to consistency and discipline. It uses the same drawdown rules but reduces the profit target to 5 percent.
The rules are simple and clearly communicated. There are no hidden gotchas, time-trap restrictions, or vague limits. You get a transparent, trader-first experience from the first login.
Scaling Options: Growing With Your Skills
Once you’re funded, your journey doesn’t stop. AquaFunded offers a scaling plan that increases your account size by up to 50 percent every three months. You need to show consistent profitability and risk management, but there is no need to restart from scratch.
This approach rewards traders who want to build gradually, rather than go all-in from day one. For those focused on long-term skill development, it is an ideal structure.
What Real Traders Are Saying
Trustpilot Rating: ★★★★☆ (3.8 out of 5)
Here’s what traders like:
- Lightning-fast customer support responses, usually within 12 hours
- Clear and beginner-friendly rulebook
- Fast turnaround from challenge completion to funded access
Some users have mentioned minor delays when receiving funded credentials. A few also note the limitation on news trading as a potential hurdle for their strategy.
Final Verdict: Is AquaFunded a Smart Choice?
If you’re a trader on a tight budget who values clear rules, low-cost access, and generous profit sharing, AquaFunded checks all the boxes.
- ✔️ Most affordable evaluation fee in 2025
- ✔️ Profit split up to 100 percent
- ✔️ Clean and supportive platform for beginners
- ✔️ Built-in account scaling for growth-minded traders
AquaFunded offers the perfect entry point into prop trading for those who want to learn, grow, and eventually scale without being held back by steep costs or rigid restrictions.
2) Seacrest Funded
MyFundedFX has officially rebranded to Seacrest Funded, aligning more closely with its broker arm, Seacrest Markets. According to official reports, everything inside the platform remains the same, same owners, same plans, same support, just a refreshed name and branding. This change positions Seacrest Funded as a broker-backed prop firm, which can be appealing for traders seeking an added layer of institutional trust.
Feature | Details |
Challenge Types | 1‑Step, 2‑Step, 2‑Step News, 3‑Step |
Registration Fee | Approx. $50 |
Phase 1 Target | 8% (2‑Step), 10% (1‑Step), 6% each (3‑Step) |
Phase 2 Target | 5% (2‑Step) |
Overall Drawdown | 8% |
Daily Drawdown | 4–5% |
Minimum Trading Days | 1–3 per phase (varies) |
Trading Platforms | MT4, MT5, cTrader, MatchTrader, DXTrade |
Profit Split | Starts at 80%, upgradeable to 90+% |
Trading Instruments | Forex, crypto, indices, commodities, energies |
Payout Schedule | 5–14 days after passing evaluation |
Scaling Plan | Quarterly 25% growth up to $1M with consistent profits |
Why Seacrest Funded Stands Out
- No time pressure: All challenge types offer unlimited trading days, letting you trade when ready.
- Flexibility across strategies: You can use scalping, swing trading, EAs, hedging, and even news trading opportunities through their News Challenge option.
- Broad platform support: Choose from MT4, MT5, cTrader, MatchTrader, or DXTrade, offering traders a diverse tech stack.
- Fast, scalable payouts: Profit splits begin at 80%, rising to 90+%, with payouts every 5 to 14 days.
- Generous scaling potential: Earn consistent profits and you’ll be eligible for a 25% account size boost every 90 days, up to $1 million.
Trader Feedback & Reputation
On Trustpilot, Seacrest Funded holds a 4.3 to 4.5 star rating, with traders praising:
- Very responsive support teams
- Quick payouts often completed within hours.
There are some reports of forced platform migrations (e.g., from cTrader to MT5), which have frustrated certain users. Keep an eye on platform stability when you apply.
Final Verdict: Who Should Choose Seacrest Funded?
Seacrest Funded is a strong option for traders who value:
- Total flexibility around strategy and timing
- Multiple challenge paths to suit different risk appetites
- Rapid scaling and payouts in a broker-backed environment
If you’re a disciplined trader seeking freedom, reliable payouts, and professional support, Seacrest Funded checks a lot of boxes. Just stay aware of potential platform shifts and make sure your toolset aligns.
3) Funding Pips
Funding Pips has carved out a solid spot in the budget-friendly prop firm space. Known for its no-nonsense approach, it appeals to traders who want transparency, simplicity, and flexibility without the fluff. While not the flashiest firm on the list, it delivers solid fundamentals that matter to traders: clear rules, fair splits, and a low barrier to entry.
If you’re the type of trader who values execution over aesthetics and just wants a fair shot at getting funded, Funding Pips might be your best bet.
Funding Pips $5K Challenge Summary
Feature | Details |
Challenge Type | 1-Step Standard |
Entry Fee | Approximately $49–$55 |
Profit Target | 10% |
Max Drawdown | 5% |
Daily Drawdown | 4% |
Minimum Trading Days | 5 |
Profit Split | 75% standard, can increase with performance |
Platforms | MT4, MT5 |
Tradable Assets | Forex, indices, metals, crypto |
Strategy Rules | No restrictions on scalping, swing trading, or EAs |
Payout Frequency | First payout after 14 days, then bi-weekly |
Scaling Plan | Available for consistent profitability |
Why Traders Like Funding Pips
- Simple Evaluation Process: The 1-step challenge is straightforward: hit a 10% target while keeping risk within drawdown limits. No second phase means you get funded faster.
- Flexible Trading Strategies: You’re free to use EAs, scalping, hedging, and swing trading, as long as your strategy respects the drawdown limits. This makes it a favorite among experienced retail traders.
- Clear Rules, No Confusion: Traders often praise Funding Pips for its clarity. No bait-and-switch tactics or vague rulebooks. Just honest expectations.
- Real Scaling Potential: Perform consistently, and you’ll be eligible for account increases. While the starting capital is modest, the path to growth is defined and achievable.
What Traders Are Saying
Funding Pips holds an average Trustpilot rating of around 4.1 stars, with the majority of reviews highlighting:
- Honest and reliable customer service
- Simple onboarding
- Fair evaluations that reflect real-world trading
Some traders mention that platform updates and backend tools feel a bit barebones compared to larger firms. However, this stripped-down approach is actually a selling point for those who just want to trade without distractions.
Final Verdict: Who Should Use Funding Pips?
Funding Pips is built for traders who don’t need hand-holding or gimmicks. If you have a strategy, understand your risk, and want a clean, affordable path to prop funding, this firm fits the bill.
- ✔️ One of the lowest-cost entries to prop trading
- ✔️ Honest, trader-friendly rules
- ✔️ Great for experienced traders with a working system
If simplicity and cost-effectiveness are your top priorities, Funding Pips is a solid, no-fluff contender in the $5K funding tier.
4) FundedNext
FundedNext is more than just another prop firm; it positions itself as a long-term trading partner for serious traders. Offering low-cost entry points, strong scaling potential, and up to 90 percent profit splits, FundedNext blends accessibility with professional development tools.
This is one of the few prop firms that actively invests in trader education, offering webinars, mentorship, and resources alongside funding. That makes it especially attractive for newer traders who want to learn and earn at the same time.
FundedNext $5K Challenge Snapshot
Feature | Details |
Challenge Type | 2-Step Evaluation |
Entry Fee | Around $49 to $59 for $5K account |
Profit Target (Step 1) | 10% |
Profit Target (Step 2) | 5% |
Max Drawdown | 6% overall |
Daily Drawdown | 4% |
Minimum Trading Days | 5 per phase |
Profit Split | Starts at 80%, scales up to 90% or more |
Platforms | MT4, MT5 |
Tradable Assets | Forex, crypto, indices, metals, and more |
Payout Frequency | 14-day minimum wait, then bi-weekly payouts |
Scaling Plan | Progressive account growth based on consistency |
What Sets FundedNext Apart
Trader-Centric Model: This firm focuses on nurturing long-term relationships with traders, not just squeezing out one-time fees. There’s a human touch in their onboarding, support, and feedback system.
Educational Support: FundedNext provides educational content, market insights, and coaching sessions to help traders grow beyond the evaluation phase. If you’re someone who values mentorship or structured improvement, this is a unique perk.
High Profit Potential: With profit splits up to 90 percent and room to scale your account, the earning potential here is substantial. It’s ideal for traders who can maintain discipline and consistency.
Transparency and Feedback: The platform offers performance analytics and breakdowns to help traders evaluate their habits and decision-making. It’s like having a built-in trading coach.
Trader Feedback and Ratings
Trustpilot ratings hover between 4.4 and 4.6 stars, with positive feedback focused on:
Fast response times and excellent customer support
Educational resources not offered by most prop firms
Transparent evaluation process
Some users have noted stricter enforcement of rules compared to more relaxed firms, so it’s important to trade within their guidelines. However, this also reinforces the firm’s professional standards.
Final Verdict: Who Should Choose FundedNext?
FundedNext is ideal for traders who want more than just funding. If you’re looking for a prop firm that acts as a training ground, business partner, and educator, this is a strong contender.
✔️ High payout potential
✔️ Extensive education and coaching
✔️ Trusted by thousands of traders worldwide
For traders serious about developing a long-term trading career and willing to follow a well-defined structure, FundedNext offers a robust and rewarding path.
5) Goat Funded Trader
Goat Funded Trader keeps it simple—and that’s a good thing. For traders who want to get started without wrestling with obscure rules or pricey evaluations, this firm offers an accessible $5K challenge with clear profit targets and generous profit splits.
Though it may not have the brand power of bigger names, Goat Funded Trader shines in its usability, entry-level pricing, and wide platform support. It’s a great fit for both beginners and intermediate traders who want funding without the complications.
Goat Funded Trader $5K Challenge Overview
Feature | Details |
Challenge Type | 1-Step or 2-Step available |
Entry Fee | Around $45 to $60 for $5K account |
Profit Target | 10% (1-Step), 8% and 5% (2-Step) |
Max Drawdown | 6% total |
Daily Drawdown | 4% |
Minimum Trading Days | 3–5 per phase |
Profit Split | 80% base, up to 90% with scaling |
Platforms | MT4, MT5, cTrader, DXTrade, MatchTrader |
Allowed Strategies | EAs, scalping, hedging, swing trading all permitted |
Payout Frequency | Bi-weekly after 14-day minimum |
Scaling Plan | Yes, every 3 months with consistent profits |
Why Goat Funded Trader Appeals to Many
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Beginner-Friendly Evaluation: The firm’s clear and achievable targets make it less intimidating for first-time prop traders. Whether you go for a 1-step or 2-step challenge, the rules are easy to follow.
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Generous Platform Options: Traders can use a variety of platforms, including MatchTrader and DXTrade, which many other prop firms do not support. This gives more freedom to choose a trading environment that suits your preferences.
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Solid Profit Potential: An 80% profit split out of the gate is more than fair, especially for a firm with low entry costs. If you perform well, this can increase with their scaling plan.
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Educational Support: While not as comprehensive as FundedNext, Goat Funded Trader does offer webinars, trading guides, and basic coaching tools—helpful for new traders who want to improve their edge.
Trader Sentiment and Reputation
Trustpilot ratings generally sit around 4.0 to 4.3 stars, and trader comments frequently mention:
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Quick and easy sign-up process
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Transparent rules and funding timelines
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Reliable communication from the support team
Some traders note that while the platform options are varied, the web interface could benefit from design improvements. However, these are minor gripes in an otherwise straightforward experience.
Final Verdict: Is Goat Funded Trader for You?
If you’re new to prop trading or simply want a no-stress, no-surprise way to get funded, Goat Funded Trader is a reliable and affordable starting point.
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✔️ Accessible challenge pricing
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✔️ Strategy freedom and multi-platform support
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✔️ Solid profit splits and fair rules
For traders who value simplicity and steady growth potential, Goat Funded Trader delivers a smooth, trustworthy experience that won’t eat into your trading capital before you even place your first order.
