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PropFirmVS

Forex & CFD prop firms with no activation fee

44 forex & CFD firms, compared on price, rules and payouts. Firms that do not charge a separate activation or performance-account fee after you pass.

Reviewed by the PropFirmVS team (IT infrastructure & prop-firm trading experience)Rules auto-checked

Quick take: At 100K, OFP Funding is the cheapest to get funded: $200 ($200 evaluation, no activation fee, list prices). At 100K, OFP Funding has the lowest total profit target across all phases ($5,000).

How to read this table: rows are sorted by the cost to get funded at the selected size, i.e. the evaluation fee (2 months for monthly subscriptions) plus any activation fee, at list prices; promo codes never change the order. “/mo” marks a monthly subscription. Tap “Details & all sizes” on a row to see every size and the rules. Badges only appear when the underlying figure is verified.

Rules auto-checked 2026-11-06 · every value comes from the firm’s own pages · how we verify and get paid

Prop firms compared by drawdown, consistency rule, activation fee and price for the selected account size
FirmPrice (100K)Activation feeTotal targetMax DDDrawdownConsistencyDaily lossContractsTarget : DDPrice / $1k DDProfit splitPayoutsHQ · foundedStepsTime limitDealCompare
OFP Funding logo
OFP Funding
forex · cfd
Cheapest 100K #1Lowest target 100K
News trading OKNo activation fee
Target $5,000 · Max DD $5,000
$200
To get funded: $200 (eval + activation, list price)
None$5,000$5,000Static balanceNone$3,000Unverified1.0 : 1$40.0 / $1k drawdown80%Monthly payout dayUnited Kingdom · 2022Instant funding (no evaluation)Unverified
Platforms
  • TV
Funded Trader Markets
forex · cfd · crypto
Cheapest 100K #2
Swing-friendlyNews trading OKNo activation fee
Target $10,000 · Max DD $6,000
$249
To get funded: $249 (eval + activation, list price)
None$10,000$6,000Trailing intraday50% rule$4,000Unverified1.7 : 1$41.5 / $1k drawdown90% on the first $10,000, then 80%On demand once eligibleUnited Arab Emirates1-stepNo time limit
Platforms
  • MT5
  • cT
  • TL
  • MTR
Cheapest 100K #3
No activation fee
Target $10,000 · Max DD $6,000
≈$265.37
£199 at the firm
To get funded: ≈$265.37 (eval + activation, list price)
None$10,000$6,000Static balanceNoneUnverifiedUnverified1.7 : 1$44.2 / $1k drawdown80% on funded stagesNot confirmed on current pagesUnited Kingdom · 20201-stepNo time limit
Platforms
  • MTR
  • MT4
  • MT5
  • TV
AquaFunded logo
AquaFunded · 2-Step Pro
forex · cfd · crypto
Swing-friendlyNews trading OKNo activation fee
Target $15,000 · Max DD $10,000
$279
To get funded: $279 (eval + activation, list price)
None$15,000
$10,000 + $5,000
$10,000Trailing intradayNone$5,000Unverified1.5 : 1$27.9 / $1k drawdown90% default on all programsBi-weeklyUnited Arab Emirates · 20232-stepNo time limit
Platforms
  • MTR
  • TL
  • MT5
  • cT
Forexive · 2-Step
forex · cfd · crypto
Swing-friendlyNews trading OKNo activation fee
Target $12,000 · Max DD $12,000
$299
To get funded: $299 (eval + activation, list price)
None$12,000
$8,000 + $4,000
$12,000Static balanceUnverified$5,000Unverified1.0 : 1$24.9 / $1k drawdownReward split shown as 100%First reward within 30 days, then every 14 daysUnited Kingdom2-stepNo time limit
Platforms
  • P5
Swing-friendlyNo activation fee
Target $3,000 (phase 1) · Max DD $3,000
$299
with code ETERNAL: $269.10
To get funded: $299 (eval + activation, list price)
NoneTotal unverified
Phase 1: $3,000
$3,000Static balanceNone$2,000UnverifiedUnverified$99.7 / $1k drawdown80/20Every 10 business daysUnited Arab Emirates · 20223-stepNo time limit
Code checked Oct 18, 2026 · No end date publishedGet deal
Platforms
  • MT5
Equity Edge · Instant
forex · cfd · crypto
No activation fee
Target No target · Max DD $5,000
$305
To get funded: $305 (eval + activation, list price)
NoneNo target$5,000Trailing intraday15% rule$3,000UnverifiedNo target$61.0 / $1k drawdown90%Every 14 days after the first tradeSaint LuciaInstant funding (no evaluation)No time limit
Platforms
  • MT5
  • MTR
Forexive · 1-Step
forex · cfd · crypto
Swing-friendlyNews trading OKNo activation fee
Target $10,000 · Max DD $6,000
$319
To get funded: $319 (eval + activation, list price)
None$10,000$6,000Static balanceUnverified$3,000Unverified1.7 : 1$53.2 / $1k drawdownReward split shown as 100%First reward within 30 days, then every 14 daysUnited Kingdom1-stepNo time limit
Platforms
  • P5
Blue Guardian logo
Blue Guardian · Standard
futures · cfd · forex
News trading OKNo activation fee
Target $6,000 · Max DD $3,500
$330
with code NOV30: $231
To get funded: $330 (eval + activation, list price)
None$6,000$3,500Trailing end-of-dayNone$2,00081.7 : 1$94.3 / $1k drawdown90%First payout 3 days after first tradeSaint Lucia · 20211-stepNo time limit
Code checked Nov 4, 2026 · No end date publishedGet deal
Platforms
  • MT5
  • TL
  • MTR
  • NT
  • TV8
  • TV
OneFunded logo
OneFunded · Value
forex · cfd · crypto
Swing-friendlyNews trading OKNo activation fee
Target $8,000 (phase 1) · Max DD $8,000
$349
To get funded: $349 (eval + activation, list price)
NoneTotal unverified
Phase 1: $8,000
$8,000Static balance40% rule$4,000UnverifiedUnverified$43.6 / $1k drawdown80/20 -> 90/10 with the 90/10 add-onEvery 14 daysUnited Kingdom · 20242-stepNo time limit
Platforms
  • TL
AquaFunded logo
AquaFunded · 2-Step Elite
forex · cfd · crypto
Swing-friendlyNews trading OKNo activation fee
Target $13,000 · Max DD $10,000
$365
To get funded: $365 (eval + activation, list price)
None$13,000
$8,000 + $5,000
$10,000Static balanceNone$4,000Unverified1.3 : 1$36.5 / $1k drawdown90% default on all programsBi-weeklyUnited Arab Emirates · 20232-stepNo time limit
Platforms
  • MTR
  • TL
  • MT5
  • cT
Lark Funding logo
Lark Funding · 3-Step
forex · cfd · crypto
News trading OKNo daily loss limitNo activation fee
Target $5,000 (phase 1) · Max DD $5,000
$370
To get funded: $370 (eval + activation, list price)
NoneTotal unverified
Phase 1: $5,000
$5,000Static balanceNoneNoneUnverifiedUnverified$74.0 / $1k drawdown80/20 performance split on gains above the monthly baseBi-weeklyCanada · 20223-stepUnverified
AquaFunded logo
AquaFunded · 2-Step Standard
forex · cfd · crypto
Swing-friendlyNews trading OKNo activation fee
Target $13,000 · Max DD $8,000
$375
To get funded: $375 (eval + activation, list price)
None$13,000
$8,000 + $5,000
$8,000Static balanceNone$5,000Unverified1.6 : 1$46.9 / $1k drawdown90% default on all programsBi-weeklyUnited Arab Emirates · 20232-stepNo time limit
Platforms
  • MTR
  • TL
  • MT5
  • cT
Swing-friendlyNews trading OKNo activation fee
Target No target · Max DD $3,000
$380
with code ETERNAL: $342
To get funded: $380 (eval + activation, list price)
NoneNo target$3,000Trailing intraday20% rule$2,000UnverifiedNo target$127 / $1k drawdown80/20Every 10 business daysUnited Arab Emirates · 2022Instant funding (no evaluation)No time limit
Code checked Oct 18, 2026 · No end date publishedGet deal
Platforms
  • MT5
Swing-friendlyNo activation fee
Target $8,000 · Max DD $5,000
$380
with code ETERNAL: $342
To get funded: $380 (eval + activation, list price)
None$8,000$5,000Trailing intradayNone$3,000Unverified1.6 : 1$76.0 / $1k drawdown80/20Every 10 business daysUnited Arab Emirates · 20221-stepNo time limit
Code checked Oct 18, 2026 · No end date publishedGet deal
Platforms
  • MT5
Swing-friendlyNews trading OKNo activation fee
Target $12,000 · Max DD $6,000
$397
with code PROPFIRMVS50: $317.60
To get funded: $397 (eval + activation, list price)
None$12,000
$6,000 + $6,000
$6,000Static balanceNone$3,000Unverified2.0 : 1$66.2 / $1k drawdownUp to 80% standardBi-weeklyUnited Kingdom · 20212-stepNo time limit
PropFirmVS code from the firm · No end date publishedGet deal
Platforms
  • MT5
  • cT
  • TL
  • DX
Lux Trading Firm logo
Lux Trading Firm · Insta
forex · cfd · crypto
No activation fee
Target $12,000 · Max DD $6,000
≈$398.72
£299 at the firm
To get funded: ≈$398.72 (eval + activation, list price)
None$12,000$6,000Static balanceNoneUnverifiedUnverified2.0 : 1$66.5 / $1k drawdown80% on funded stagesNot confirmed on current pagesUnited Kingdom · 2020Instant funding (no evaluation)No time limit
Platforms
  • MTR
  • MT4
  • MT5
  • TV
Swing-friendlyNews trading OKNo activation fee
Target $5,000 (phase 1) · Max DD $5,000
$399
with code PROPFIRMVS: $359.10
To get funded: $399 (eval + activation, list price)
NoneTotal unverified
Phase 1: $5,000
$5,000Static balanceNone$5,000UnverifiedUnverified$79.8 / $1k drawdownup to 90%First payout on demandUnited Kingdom · 20233-stepUnverified
PropFirmVS code from the firm · No end date publishedGet deal
Platforms
  • MT4
  • MT5
  • DX
  • TV
FundedNext logo
FundedNext · Stellar Lite
forex · cfd · crypto
Swing-friendlyNews trading OKNo activation fee
Target $12,000 · Max DD $8,000
$399.99
with code PROPFIRMVS: $319.99
To get funded: $399.99 (eval + activation, list price)
None$12,000
$8,000 + $4,000
$8,000Static balanceNone$4,000Unverified1.5 : 1$50.0 / $1k drawdown80%First after 21 days, then every 14 daysUnited Arab Emirates · 20222-stepNo time limit
PropFirmVS code from the firm · No end date publishedGet deal
Platforms
  • MT4
  • MT5
  • cT
  • MTR
The5ers logo
The5ers · High Stakes
forex · cfd · crypto
Swing-friendlyNews trading OKNo activation fee
Target $15,000 · Max DD $8,000
$405
To get funded: $405 (eval + activation, list price)
None$15,000
$10,000 + $5,000
$8,000Static balanceNone$4,000Unverified1.9 : 1$50.6 / $1k drawdownHigh Stakes starting 80%Bi-weeklyIsrael · 20162-stepNo time limit
Platforms
  • MT5
Equity Edge · Swift 1-Step
forex · cfd · crypto
No activation fee
Target $8,000 · Max DD $5,000
$407
To get funded: $407 (eval + activation, list price)
None$8,000$5,000Trailing intradayUnverified$3,000Unverified1.6 : 1$81.4 / $1k drawdown80%, up to 90% via the scaling planEvery 14 days after the first tradeSaint Lucia1-stepNo time limit
Platforms
  • MT5
  • MTR
AquaFunded logo
AquaFunded · 1-Step Standard
forex · cfd · crypto
Swing-friendlyNews trading OKNo activation fee
Target $9,000 · Max DD $6,000
$421
To get funded: $421 (eval + activation, list price)
None$9,000$6,000Trailing intradayNone$3,000Unverified1.5 : 1$70.2 / $1k drawdown90% default on all programsBi-weeklyUnited Arab Emirates · 20231-stepNo time limit
Platforms
  • MTR
  • TL
  • MT5
  • cT
Swing-friendlyNo activation fee
Target No target · Max DD $3,000
$440
with code ETERNAL: $396
To get funded: $440 (eval + activation, list price)
NoneNo target$3,000Trailing intraday15% rule$2,000UnverifiedNo target$147 / $1k drawdown70/3024 hoursUnited Arab Emirates · 2022Instant funding (no evaluation)1 days
Code checked Oct 18, 2026 · No end date publishedGet deal
Platforms
  • MT5
Swing-friendlyNo activation fee
Target $13,000 · Max DD $8,000
$440
with code ETERNAL: $396
To get funded: $440 (eval + activation, list price)
None$13,000
$8,000 + $5,000
$8,000Static balanceNone$4,000Unverified1.6 : 1$55.0 / $1k drawdown80/20Every 10 business daysUnited Arab Emirates · 20222-stepNo time limit
Code checked Oct 18, 2026 · No end date publishedGet deal
Platforms
  • MT5
Swing-friendlyEA-friendlyNews trading OK
Target $13,000 · Max DD $10,000
$443
with code PROPFIRMVS: $243.65
To get funded: $443 (eval + activation, list price)
None$13,000
$8,000 + $5,000
$10,000Static balanceNone$5,000Unverified1.3 : 1$44.3 / $1k drawdown90% standardFirst payout 14 days after funding, then every 14 daysUnited Arab Emirates2-stepNo time limit
PropFirmVS code from the firm · No end date publishedGet deal
Platforms
  • MT5
  • TL
  • MTR

This page shows the 25 products with the lowest cost to get funded at 100K (of 158 that match). Filters and sorting here apply to these 25. Compare all of them in the full table: Futures (1 firm) · Forex & CFD (41 firms) · Crypto (2 firms)

How we selected these firms

  • The firm charges no activation or funded-account fee on its main program (verified).
  • Individual products can still differ: the per-size table shows the activation fee for each product.
  • Monthly data fees and reset fees are separate costs and are not part of this filter.

What an activation fee is

An activation fee is a one-time charge (at a few firms a monthly one) to turn a passed evaluation into a funded account. It is due after you pass, so the advertised evaluation price is not the full price of getting funded.

44 of 78 firms (56%) charge no activation fee on their main program. Among futures firms that do charge one at the 100K size, the fees we verified run from $120 to $259.

Worked example: 100K futures, evaluation plus activation

Blue Guardian 100K Standard costs $330 with no activation fee, so the cost to get funded is $330.

Funded Futures Network 100K MAX Standard lists $348 plus a $120 activation fee: $468 in total.

A low evaluation price with a high activation fee can cost more than a pricier evaluation with none. The cost-to-get-funded column in our tables adds both for you.

Cheapest 100K futures products with no activation fee

Sorted by cost to get funded at list price (evaluation, counted twice when billed monthly, plus activation).

100K futures products with no activation fee
FirmProductEvaluationBillingCost to get funded
Blue GuardianBlue Guardian 100K Standard$330One-time$330
List prices; discount codes are not applied. Monthly evaluations assume you pass within two billing months.

No activation fee is not the whole story

Some firms without an activation fee charge in other ways: a monthly evaluation, a monthly data fee, a reset fee, or a lower profit split on the first payouts. Others offer a “no activation fee” version of a plan at a higher evaluation price. Compare the total, not one line.

FAQ

What is a prop firm activation fee?

A one-time (sometimes monthly) charge to activate the funded account after you pass the evaluation. It is paid on top of the evaluation price.

Is a firm with no activation fee always cheaper?

No. A higher evaluation price, a monthly subscription or a data fee can outweigh the saving. Compare the cost to get funded, which adds the evaluation and any activation fee.

Can a firm have no activation fee on some plans and a fee on others?

Yes. Several firms sell plan versions with and without an activation fee. This list uses the firm’s main program; open a row in the table to see each product.

Is the activation fee refunded?

Rarely. Some firms refund the evaluation fee with the first payout, but activation fees are usually not refundable. Check the refund rule on the firm page.

Related

One-time evaluation feeActivation and data feesCheapest prop firmsChallenge cost calculatorNo daily loss limitNews tradingWeekend holdingOvernight holding

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