Best Instant Funding Forex Prop Firms

Jeremy Biberdorf Image
Updated
May 20, 2024
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Quick Breakdown

Best No Evaluation Forex Prop Firms


  • Ideal for those seeking a straightforward evaluation process.

  • Suitable for traders focusing on long-term growth and scaling.

  • Best overall, especially for aggressive accounts with a high profit split potential.

  • Excellent for Forex traders looking for personalized mentorship.

The forex market offers endless opportunities for traders to profit from currency fluctuations, but capital requirements often limit the potential for substantial gains. Proprietary (prop) trading firms provide a solution by offering traders access to increased capital, which allows them to trade more significant positions and potentially earn more.

This article will delve into some of the best instant funding forex prop firms, highlighting their strengths, evaluation criteria, and what sets them apart.

Best Instant Funding Forex Prop Firms in 2024

Funded Trading Plus

4.6 stars
Tradable Assets Forex, Commodities
Profit Split Up to 90%
Evaluation Simple and Fast
Best For Quick account setup
Benefits
Overview
Company
Funded Trading Plus offers a quick and straightforward evaluation process, ideal for traders who want to get started without any delays. The firm supports multiple trading platforms and allows trading in both Forex and commodities. With a nice 90% profit split, the firm offers competitive earnings.
Funded Trading Plus caters to traders looking for quick evaluations and a simple profit-sharing scheme. They offer multiple subscription plans, allowing traders to choose the one that best suits their financial situation and trading strategy.

The 5ers

4.3 stars
Tradable Assets Forex
Profit Split 50%
Evaluation Flexible
Best For Long-term growth
Benefits
Overview
Company
  • Emphasizes long-term growth
  • Scaling profit-split model
  • Comprehensive evaluation
  • Forex-specific
  • Excellent for patient traders
  • Promo: Save 5% with our link
The 5ers is a prop firm focusing on long-term growth and offers a scaling model for profit sharing. They specialize solely in Forex markets, making them a suitable choice for traders who don't want to diversify into other assets. Their comprehensive evaluation process aims to filter traders who are in it for the long run.
The 5ers offers a distinct, long-term-oriented trading environment. The firm's scaling profit-split model allows traders to increase their profit share as they prove their skill and consistency over time.

Fidelcrest

4.6 stars
Tradable Assets Forex, Indices
Profit Split Up to 90%
Evaluation Detailed
Best For Aggressive accounts
Benefits
Overview
Company
  • Aggressive accounts available
  • You can work your way to a generous 90% profit split
  • Daily drawdowns monitored
  • Detailed evaluation program
  • Offers Forex and Indices
  • Supports multiple trading platforms
  • Direct funding after evaluation
  • Promo: Coupon Code MM-15 for 15% off

Fidelcrest has made a name for itself in the trading community by offering accounts that are tailored for aggressive trading strategies, making it a popular choice among veteran traders. The firm sets challenging yet achievable profit goals designed to inspire traders to perform at their best. The potential for a 90% profit split is a big draw for traders looking for a hefty share of their earnings.

Their rigorous assessment program guarantees that traders are well-equipped in both tactics and trading acumen. Offering compatibility with various trading platforms, Fidelcrest ensures that traders are not limited to a single interface, which allows for a customized trading experience. Once traders clear the assessment, they are immediately funded, kickstarting their professional trading careers.

Emerging from a keen interest in the Forex arena, Fidelcrest has quickly ascended as a favored destination for traders who are inclined toward aggressive trading styles that offer significant upside. Their methodical approach to monitoring daily drawdowns along with tactical trading strikes a balance between the potential for high returns and risk management.

City Traders Imperium

4.6 stars
Tradable Assets Forex
Profit Split Up to 100%
Evaluation Comprehensive with Mentorship
Best For Personalized training
Benefits
Overview
Company
  • Offers mentorship programs
  • Flexible profit-split arrangements
  • Low initial evaluation fees
  • Focused solely on Forex
  • Suitable for all experience levels
  • Promo: Coupon Code CTI10% for 10% off
City Traders Imperium stands out for its commitment to trader education. The prop firm offers a comprehensive mentorship program designed to elevate your trading skills, making it an excellent choice for those who want more than just funding. With a flexible profit split that can go up to 100%, the firm also appeals to those eyeing a sizable share of their trading profits.
City Traders Imperium places a strong emphasis on education and mentorship, helping traders at all skill levels optimize their strategies for success. The firm's educational approach ensures that traders are well-equipped to manage the funds they are provided effectively.

Frequently Asked Questions

What is a Forex prop firm?

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Proprietary trading firms, or prop firms, provide traders with capital to trade in exchange for a share of the profits. These firms usually have evaluation programs to assess a trader's skills before providing funding.

How do I choose the right prop firm?

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Consider factors like profit split, evaluation criteria, and tradable assets. Different firms cater to different types of traders, so understanding your needs and strategy is crucial.

Do these prop firms offer support?

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Most firms offer varying degrees of support, ranging from simple guidelines to comprehensive mentorship programs.

What is a profit split?

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A profit split is the division of profits between the trader and the prop firm. It's usually defined as a percentage and varies from firm to firm.

Are there fees involved?

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Most prop firms require an initial evaluation fee or a monthly subscription. Always read the terms before joining.

Can I trade other assets besides Forex?

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This depends on the prop firm. Some focus only on Forex, while others offer indices, commodities, or even cryptocurrencies.

What's the catch with high-profit splits?

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Higher profit splits often come with more stringent evaluation criteria or higher fees, so make sure to read the fine print.

How quick is the evaluation process?

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Evaluation processes vary in duration. Some firms offer quick evaluations, while others may take longer to assess your skills comprehensively.

Is instant funding really instant?

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After successfully passing the evaluation, most firms offer "instant" funding, although the exact time can vary.

Can I use any trading platform?

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Most prop firms support multiple trading platforms, but it's always best to check which ones are compatible before you begin.

That concludes our guide on the best instant funding Forex prop firms. Whether you're a seasoned trader or just starting, there's a prop firm that can meet your trading needs and financial goals.

Jeremy Biberdorf

About the Author:

Jeremy Biberdorf is the founder of Modest Money. He’s a father of 2 beautiful girls, a dog owner, a long-time online entrepreneur and an investing enthusiast.