Proprietary trading can be a lucrative career option for people who have the required skills and knowledge. However, most prop firms require traders to buy a prop account prior to trying their platform.Traders who are looking forwhich prop firm give free trialaccount will be equipped with informationthat will help them explore prop platforms with no financial commitment.
The prop firm free trials typically last for a few days or weeks and provide traders with a demo account to practice trading in preparation for prop firm challenge passing. If you want to learn how a particular prop trading platform and features work before making a commitment, a prop firm free trial can be a great way to test the waters.
We did research to come up with a list of the top 10 prop firms that give free trials to potential traders. Free trial prop firms allow traders to experience the firm’s trading environment and conditions without risking any money. Some popular prop firms that offer free trials include FTMO and E8 Funding.
Benefits of Prop Firm Free Trials Account
Proprietary trading firms that offer free trials provide several benefits to traders, allowing them to test the platform free of charge before committing their money.
Prop firms with free trials can provide a valuable opportunity for traders to gain experience and test out different trading strategies. By taking advantage of these trials, traders can better position themselves for the best outcome when trading evaluations or live trading accounts. Here are some of the advantages of taking a prop firm free trial:
Realistic Trading Conditions
Prop firm free trials give traders access to a firm’s trading platform, which provides a realistic view of the market. Traders can experience the trading environment and conditions of a particular prop firm firsthand. This means that traders can experience the ups and downs of a prop firm and get a sense of how the drawdown, trade execution time, leverage, spreads, and server work.
Risk-Free Strategies Testing
With free trial prop firms, traders can test their trading strategies on the platform with zero risk. This is especially useful for traders who want to try out different techniques or methods on the prop firm platform.
With the help of a free trial prop firm, traders can experiment with different trading styles and see how they will perform in real-world market conditions when trying to pass the challenge accounts.
Familiarity with Prop Trading Environment
Trading a free trial prop firm lets traders get familiar with the trading environment and conditions before making a financial commitment. This includes getting to know the trading platform, tools, and resources provided by the firm. By doing so, traders can make an informed decision about whether or not to subscribe to the firm.
No-Cost Way to Start Trading
Prop firms free trials also provide a no-cost way for traders to start trading. This is because traders do not need to invest any of their own money to participate in the prop firm trial. Instead, they can use the firm’s free trial account to trade and learn. This can be especially useful for traders who are just trying to get a feel of how prop firm trading works.
Which Prop Firm Give Free Trial? Top 10 Proprietary Firm Trials
Finding whichprop firm has a free trialcan be challenging as you will have to scan through different prop firms. Fortunately, there aremany proprietary trading firmsthat offer free trials to help you get started. In this section, we will discuss some of thetop prop firms that give free trials. With these prop firms, traders can do a prop firm free trial without paying.
1. FTMO Free Trial
FTMO is one popular choice for free prop firm trials. With the FTMO prop firm trial, you are given a free demo account to trade. It replicates all the rules as their standard challenges. You can also explore how your trading metrics are doing in their dashboard.
How long is FTMO free trial? FTMO free trial account is active for 14 days after which a trader can create an additional new free trial account which lasts for another 14 days.
2. Smart Prop Trader Free Trial
Smart Prop Trader is a proprietary trading firm that offers a free trial to new traders. The free trial is a shortened version of the Smart Prop Trader challenge, which gives new traders to practice their trading skills and see if they have what it takes to follow and respect the firm’s trading rules.
Additionally, Smart Prop Trader has one of the cheapest prop firm challenge programs, traders can save an extra 25% off the fee with a discount code that can be found on this page.
3. E8 Funding Free Trial
E8 Funding is a forex prop firm that gives free trial trading. The firm aims to provide a single package for four different account sizes. To get funded with E8 Funding, the forex trader must pass two phases. Once funded, the forex trader retains 80% of profits earned on the live-funded account.
4. Lux Trading Prop Firm Free Trial
Lux Trading Firm is one of the prop firms that offer free trial accounts to traders. Traders can test their trading skills and get a feel of the trading environment without risking any of their own money.
5. RebelsFunding Free Trial
RebelsFunding prop firm free trials allow traders to test their skills in the market at no cost. The firm provides a unique trading program for Forex traders, based on which they search for the best options to work together.
The RebelsFunding free trial gives traders the opportunity to join the firm and trade on Forex and other markets risk-free for 14 days. This provides traders with the opportunity to test their trading strategies and see if they are a good fit for the firm. The firm offers one of the cheapest prop firm challenge programs in the industry.
6. City Traders Imperium Prop Firm Trial
City Traders Imperium is a UK-based proprietary trading firm that offers a free trial prop firm program for aspiring traders. The firm was founded in 2018 by Daniel Bautista and has been growing steadily since then.
The City Traders Imperium Free Trial program is designed to help traders get a taste of what it’s like to trade with a prop firm. The program is open to traders of all levels of experience, and there are no fees or charges to participate.
7. OneUp Trader Free Trial
OneUp Trader is a proprietary trading firm that offers a 7-day free trial prop firm account for traders who wish to test their platform. They offer a funded trader program and have partnered with multiple prop firms to guarantee funds for traders who pass their evaluation.
Additionally, OneUp Trader offers free unlimited drawdown, free Ninja trader, and no daily drawdown, making them a top choice for traders who want to take their trading to the next level.
8. Traders With Edge Free Trial
Traders With Edge is a forex prop trading firm that provides funding and training to traders. They offer a free trial prop firm of their challenge for 14 days, for traders to experience their trading environment.
During the trial period, traders can access their own trading dashboard and track their progress. they do provide a free e-book titled “Passing your prop firm challenge” to help traders prepare for the challenge.
9. Osprey Fx Free Trial
OspreyFx is a trading platform that offers traders a free demo account with unlimited funds. This allows traders to test the platform and its features before committing to an evaluation account.
Additionally, OspreyFx also offers competitive leverage rates and spreads, making it an attractive option for traders looking to maximize their profits.
10. Funded Trading Plus Free Trial
Funded Trading Plus free trial demonstration account gives traders the opportunity to test the platform’s spreads, execution time, and lot sizing before subscribing for an account. The free trial provides login details to a $100,000 demo balance where traders can log in from different locations.
The difference is that you may be trading GBPUSD while another trader at the other end is trading Dow Jones and they may close your trades. The free trial prop firm demo account has no payout for profits made with it. All you need to do is go to the prop firm website → FAQs → Platform Demonstration → Download MT5 or MT4. Copy the account credentials and log in.
Also, Funded Trading Plus is a prop firm that offers one of the cheapest $100,000 challenge for traders who are looking for cost cost-effective prop firms program.
11. FidelCrest Free Trial
FidelCrest is a prop trading firm based in Cyprus that offers various trading programs for professional-level traders. Unfortunately, FidelCrest doesn’t offer prop firm free trials at the moment, but traders of FidelCrest can get a free repeat if they fail to pass a challenge, which is also a good feature.
Is There Any Free Prop Firm?
Yes, there is a free prop firm account. This type of prop firm free funding comes in the form of promotions that firms run from time to time and some ongoing right now.
During the promotions, participants are expected to perform certain tasks to qualify while a random draw will be done to pick the winners.The best way to get a free prop firm account is to participate in the promotions.
Funded Trading Plus Free Prop Firm Giveaway
Funded Trading Plus is running a free prop firm promotion where a winner will emerge and win a $100,000 funded simulated account free of charge.
The $100,000 account is a one-step evaluation account and this particular promotion ends on the 10th of July 2023. However, you can get an extra 10% off the cost of the trading account if you use the Funded Trading Plus discount code: PTP10 at the checkout page.
How to Apply for a Free Trial Prop Firm Account
Applying for a free trial with a prop firm is a straightforward process. Most prop firms have an online application process that can be completed in a few easy steps. Here are some general guidelines to follow when applying for a free trial prop firm account:
- Choose a prop firm: Make a choice by picking a prop trading firm that gives free trials above and proceed to their website.
- Fill out the application form: Once you click the link to any prop firm that gives free trial, you’ll need to fill out an application form. The application form will typically ask for basic personal information, such as your name, email address, etc.
- Complete any additional requirements: Some prop firms may require you to complete additional requirements and accept their terms before granting you a free trial.
- Get Approval: After submitting your application, you’ll need to check your email for approval from the prop firm. The approval process can take a few minutes, depending on the prop firm’s policies.
- Start trading: Once you’ve been approved for a prop firm free trial and gotten your login details, you can log in to the platform and start trading with the prop firm’s demo account. Use this time to get familiar with the trading environment and conditions before making a financial commitment.
Before You Apply for a Free Prop Firm Trial
Before applying for a prop firm that gives free trials, it’s important to consider a few things. Here are some factors to keep in mind:
1. Read the Terms and Conditions Carefully
It’s essential to read the terms and conditions of the prop firm free trial carefully. Some prop firms may have certain conditions attached to their free trials, such as making a certain number of trades or meeting specific profit targets. Make sure you understand all the requirements before signing up for a free trial prop firm account.
2. Evaluate Your Commitment
A free trial prop firm can be an excellent opportunity to test the waters of proprietary trading, but it’s crucial to evaluate your commitment before signing up. Make sure you have the time to commit to trading the prop firm free trial and give it your best effort. Prop trading requires dedication, discipline, and focus, so be sure you’re ready to put in the work.
3. Research the Firm
Before applying for a prop firm free trial, it’s essential to research the firm.Look for reviews, ratings, and feedback from other traders who have worked with the firm.
Check if the firm is regulated and licensed, and research its history and reputation in the industry. This information can help you to decide whether the firm is a good fit for you.
4. Understand the Risks
Trading in the global financial markets can be a high-risk activity, and it’s essential to understand the risks involved before applying for a free trial prop firm account. Actually, there is no risk here since you are not making any financial commitment for the prop firm free trial account.
Conclusion
To conclude which prop firms give free trial accounts? There are several proprietary trading firms that offer free trials to traders. These prop firm trials can be an excellent way for traders to test a firm’s platform, trading rules, drawdowns, spreads, and strategies without risking their own capital.
Traders who are interested in trying out prop firm free trial accounts should carefully review the terms and conditions of each firm’s trial before signing up to ensure that they understand the rules and requirements. You may want to check our list of top prop firms that offer synthetic indices trading if you like to trade synthetic indices on a prop firm.
Please note that while prop firm free trials can be a useful tool for traders to experience the trading features and environment, they should not be relied upon as a long-term solution since they are demo accounts and offer no financial rewards. Traders should continue to educate themselves on the live markets and trading strategies but need to only risk the capital that they can afford to lose.
