Cheapest Prop Firm Challenges 2026

Challenge price is primarily determined by three factors: Maximum account size (more simulated capital costs more), Evaluation type (1-step challenges are generally more expensive per phase than 2-step evaluations due to higher passing risk for the firm), and Drawdown flexibility.

A prop firm challenge (also called an evaluation) is a test where you must hit a profit target while staying within drawdown limits. Once you pass, the firm gives you a funded account to trade with real capital and share the profits — typically 80%–95%.

Prop firm challenge fees range from $25 (Maven Trading $2K account) to over $1,800 (FXIFY $400K account). Average fees for a $100K account are $450–$550. Many firms offer promo codes with 20%–80% discounts.

Maven Trading offers the cheapest entry at just $25 for a $2,000 account. For standard $50K accounts, Goat Funded Trader ($248) and Funding Pips ($278) are among the most affordable options.

1-step challenges are faster and simpler — you only need to pass one phase. 2-step challenges have lower individual profit targets but take longer. 1-step is better for experienced traders; 2-step is safer for beginners who want lower per-phase risk.