Prop Firms That Offer Free Trials In 2024

Prop firms that offer free trials offers a risk free way for prospective traders to delve into trading with real capital. If you want to become a funded trader, several prop firms offer free trial opportunities. This article will dive into what these free trials offer, their features, and the advantages and disadvantages of prop firms that offer free trials. Becoming a funded trader is challenging but with hard work, dedication, and the right support, it is achievable. 

What is a free trial prop firm? 

A free trial prop firm offers a risk-free way for prospective traders to experience trading with real capital. These trials provide access to the firm’s trading platforms, tools, and resources without an initial deposit, allowing traders to perfect their skills and prove their trading ability without risking their funds.

Advantages of free trial prop firm 

• Traders can enter the evaluation phase without incurring financial risk, 
• The evaluation phase provides real-time market conditions, enabling them to practice their strategies in a realistic environment,
• Many free evaluation prop firms provide traders with advanced tools and resources, to help enhance their trading performance,
• These firms often provide opportunities for traders to interact and network with other traders, allowing them to share knowledge, strategies, and experiences,
• With no upfront fees, traders can enter the evaluation phase without incurring financial risk, making it an ideal option for those with limited capital.

Cons of free trial prop firm 

• Some free evaluation prop firms may impose strict withdrawal conditions or minimum performance criteria,
• There may be conflicts of interest in a free trial prop firm,
• The evaluation phase is often time-bound,
• The trader’s agreement can be terminated If traders fail to meet the terms during the evaluation phase.

Prop firms that offer free trials 

1. 5%ers

The 5%ers free evaluation program provides a route for traders to prove their skills and gain access to the Top 1% trading program and its associated trading capital. The program is flexible, traders can use any trading strategy while adhering to the fund’s risk management rule. The objective is to identify talented traders who can generate consistent profits while managing risk. The evaluation process is a comprehensive assessment of the trader’s skills, successful traders must navigate through the three-step challenge phase, and each step is made to test different aspects of their trading strategy and risk management abilities.

2. FTMO

FTMO presents an extensive evaluation program, designed to test the forex trading prowess of aspiring traders. This program involves the FTMO Challenge and Verification course, a testing ground for traders to prove their skills. Traders undergo a comprehensive performance assessment on a demo account, focusing on their trading strategy, risk management, and compliance with FTMO’s trading rules. Traders who successfully navigate the evaluation process are offered a chance to manage an FTMO account with a maximum capital limit of $400,000. FTMO’s 80:20 and 90:10 profit-sharing schemes reward traders for their success, offering them a significant portion of the profits they generate.

3. City Traders Imperium

City Traders Imperium is a dynamic funding platform that invites traders to maximize trading with funding opportunities reaching up to $4 million and a generous profit share of up to 70%. The firm’s funding ladder, allows traders through the various funding levels, each unlocked by achieving specific profit targets. The firm provides traders with a demo account to test trade execution speed, spreads, commissions, and lot size calculations, simulating the trading conditions of the funding program. The program allows traders to switch between funding programs or packages at any stage of the process, catering to individual needs and preferences.