Instant funding prop firms allow traders can bypass rigorous challenges and start trading immediately, making it an attractive option for those looking to scale their trading careers quickly.
This guide provides in-depth reviews of the most popular instant funding prop firms, evaluating their strengths, weaknesses, customer support, trading platforms, and policies. Additionally, we introduce FundedSquad, a revolutionary prop firm redefining trader success with its competitive pricing, lowest profit targets, and industry-leading payout system
Top Instant Funding Prop Firms: Reviews & Comparisons
1. FundedSquad – The Game Changer in Instant Funding
Funded Squad is a prop trading firm offering flexible funding programs, including 1-Step, 2-Step Challenges, and Instant Funding. With account sizes ranging from 10,000 to 200,000, it provides traders with opportunities to scale up to $1 million. Known for its competitive profit splits (up to 100%) and support for platforms like MatchTrader and TradeLocker, Funded Squad is ideal for traders seeking instant funding and scalable trading capital.
Key Features:
- Instant Funding Program: Skip evaluations and start trading immediately.
- Scaling Plan: Grow your account up to $1 million with consistent performance.
- High-Profit Splits: Earn up to 100% profit share in the Instant Funding program.
- Flexible Trading Rules: No time limits, copy trading allowed, and news trading permitted (with restrictions).
- Multiple Account Sizes: Choose from 10,000 to 200,000 accounts.
Pros: ✔️ Instant funding option for quick access to capital.✔️ Competitive profit splits (up to 100%). ✔️ No time limits on challenges, allowing flexible trading. ✔️ Copy trading and expert advisors (EAs) are permitted. ✔️ Transparent scaling plan with clear growth milestones.
Cons: ❌ High upfront costs for Instant Funding accounts. ❌ Restricted in certain countries (e.g., Iran, Syria, North Korea). ❌ Limited leverage for certain instruments (e.g., 1:2 for cryptocurrencies). ❌ News trading restrictions (8-minute window around high-impact news).
👉 Best for: Funded Squad is best for traders seeking instant funding, flexible trading rules, and scalable capital growth opportunities.
2. FTMO – The Industry Veteran
FTMO is a leading prop trading firm established in 2015, offering traders the opportunity to access funded accounts through a structured two-step evaluation process. With profit splits of up to 90%, flexible account types, and a scaling plan, FTMO is a popular choice for traders seeking long-term growth.
Key Features:
- Two-Step Evaluation Process: Includes Challenge and Verification phases with refundable fees upon success.
- Account Types: Standard, Aggressive, and Swing accounts cater to different trading styles and risk appetites.
- Scaling Plan: Automatically increase account size by 25% every four months for consistent performers.
- Trading Platforms: MT4, MT5, cTrader, and DXtrade.
Pros:
✔️High profit splits. ✔️Flexible account types. ✔️Automatic scaling plan. ✔️No restrictions on trading strategies or lot sizes. ✔️Strong customer support in over 18 languages.
Cons:
❌ Challenging for beginners. ❌ Commissions charged on trades. ❌ No $1 million account option before scaling. ❌ Minimum trading days required.
👉 Best For: Traders seeking a structured evaluation process, flexible account options, and long-term growth through scaling plans.
3. Funded Next – Fast Growth Potential
FundedNext is a reputable prop trading firm offering flexible funding challenges with account sizes ranging from 5,000 to 200,000. Known for its competitive profit splits (up to 95%) and support for platforms like MT4, MT5, and cTrader, it caters to traders seeking structured yet scalable trading opportunities. With an “Excellent” Trustpilot rating, FundedNext is a trusted choice for disciplined traders.
Key Features:
- Profit Splits Up to 95%: High profit-sharing potential across various account types.
- Multiple Challenge Models: Evaluation, Express, and Stellar models cater to different trading styles.
- Flexible Account Sizes: Choose from 5,000 to 200,000 accounts.
- Swap-Free Accounts: Ideal for traders avoiding overnight fees.
- Scaling Plan: Grow your account by 40% after consistent performance.
Pros: ✔️ Competitive profit splits (up to 95%). ✔️ Access to MT4, MT5, cTrader, and TradingView integration. ✔️ Swap-free accounts available for traders avoiding overnight fees. ✔️ Transparent trading rules and reliable payouts. ✔️ Strong community support and educational resources.
Cons: ❌ Strict daily loss limits (3-5%). ❌ No access to stock markets, limiting diversification. ❌ Two-step evaluation process for some accounts can be time-consuming. ❌ Higher commission fees for Stellar Lite accounts ($7 per lot).
👉 Best for: FundedNext is best for disciplined traders who can adhere to structured rules and focus on forex, indices, commodities, and Digital currencies.
4. MyFundedFX – A Balanced Choice
MyFundedFX is a reputable prop trading firm offering a variety of challenge options, multiple trading platforms, and account sizes ranging from 5,000 to 200,000. With a profit split starting at 80% (upgradeable to 90%), it caters to traders seeking structured funding opportunities. Known for its active community and frequent trading competitions, it scores 65/100, making it a solid choice for traders prioritizing flexibility and support.
Key Features:
- Profit Splits Up to 90%: Starting at 80%, with an option to upgrade for higher profit shares.
- Multiple Challenge Options: 1-Step, 2-Step, 2-Step Max, and 3-Step challenges for varied trading styles.
- Flexible Trading Platforms: Supports MT5, cTrader, MatchTrader, and DXTrade.
- Active Community: Over 125,000 members on Discord for support and networking.
- Frequent Payouts: Bi-weekly payouts with a minimum withdrawal of $65.
Pros: ✔️ Multiple challenge options to suit different trading styles. ✔️ Active and supportive Discord community. ✔️ Frequent payouts (every 14 days). ✔️Competitive spreads and low commission fees on select platforms. ✔️ Transparent trading rules and responsive customer support.
Cons: ❌ Leverage capped at 1:30, lower than some competitors. ❌ Restrictions on algorithmic and copy trading. ❌Recent rule changes may not suit all traders. ❌ No access to stock markets, limiting diversification.
👉 Best for: MyFundedFX is best for traders seeking flexible funding challenges, active community support, and frequent payouts, particularly those comfortable with conservative leverage and structured trading rules.
How FundedSquad is Transforming Trader Success
Many traders struggle with the rigid rules and high-profit targets set by traditional prop firms. FundedSquad eliminates these barriers, providing instant access to capital with the lowest profit targets in the industry.
Real Trader Success Story: Joe Helou, a full-time forex trader, trading with multiple prop firm challenges, switched to FundedSquad’s instant funding model, chose a 200k Account size to deal with and started making profits, and instantly received a payout worth $22,113 after achieving the profit targets.
His biggest takeaway? “No stress, no pressure. I just trade and withdraw.”
Final Verdict: Which Prop Firm is Best for You?
| Feature | FundedSquad | FTMO | Funded Next | MyFundedFX |
| Funding Model | Instant funding, no evaluation | 2-step evaluation (Challenge & Verification) | Multiple models (Evaluation, Express, Stellar) | Multiple challenge options (1-Step, 2-Step, etc.) |
| Profit Split | 80% default | Up to 90% | Up to 95% | 80% (upgradeable to 90%) |
| Scaling Plan | 100% scaling, double account size at 10% profit | 25% increase every 4 months for consistent traders | 40% account growth upon consistent performance | No official scaling plan |
| Account Sizes | $25K – $50K (scalable to $1M) | $10K – $200K | $5K – $200K | $5K – $200K |
| Minimum Profit Target | 6% | 10% | 10% | Varies by challenge |
| Payout Speed | Within 12 hours (or a $1,000 bonus) | Bi-weekly after successful evaluation | Varies by account type | Every 14 days |
| Trading Platforms | Limited platforms | MT4, MT5, cTrader, DXtrade | MT4, MT5, cTrader, TradingView | MT5, cTrader, MatchTrader, DXTrade |
| Leverage | 1:100 | 1:100 | 1:100 | 1:30 |
| Commissions & Fees | None | $3 per lot | $7 per lot (Stellar Lite) | Competitive, varies by platform |
| Evaluation Process | None (Instant funding) | 2-step evaluation | Evaluation is required for most models | Depends on challenge type |
| Swap-Free Accounts | No | No | Yes | No |
| Community & Support | Active Discord community | Multilingual support | Strong community & educational resources | 125K+ Discord members, frequent competitions |
| Best For | Traders wanting immediate funding with minimal risk | Traders seeking structured evaluation & long-term growth | Disciplined traders who can adhere to strict rules | Traders wanting flexibility, community support & frequent payouts |
Conclusion
Choosing the right prop firm is crucial for traders looking to scale their accounts and maximize profits. While traditional firms like FTMO still dominate the industry, instant funding options like FundedSquad are revolutionizing the game by providing direct access to capital with zero evaluation requirements, lowest targets, and guaranteed payouts.
