Price is one of the most scrutinized aspects of purchasing a prop firm evaluation. After all, traders are looking to make money, not spend it. All of the prop firms are selling a very similar service just packaged with different pricing and different rules. Prop firms have alternative structures, varying account sizes, and various pricing tiers as a way to make their cost more appealing to certain customers. At OnlyPropFirms we wanted to strip away all of the blinders and marketing hype to provide you with a very clear price that gets you through your evaluation and into your funded account. We are calling this your True Cost to Funding. The True Cost To Funding is the sum of all the incurred costs from your prop firm selection that gets you into your funded account.
Below you will find a table of all of the 50k Accounts from our OnlyPropFirms Prop Firm list. For the sake of an equitable comparison we are looking at all 50k accounts. The figures and numbers written in this article are from February 5th, 2024.
There are 2 tables. One representing the True Cost to Funding should you pass your evaluation with no resets in 1 months time. There is a second table that shows your True Cost to Funding should you pass with 1(paid*) reset in 2 months.
Firm | Apex | Trade Day | MyFundedFutures | Take Profit Trader | UProfit |
---|---|---|---|---|---|
Evaluation Cost | $42.63 | $132 | $90 | $85 | $160 |
Activation Fee | $140 | $139 | $0 | $130 | $150 |
True Cost To Funding | $182.63 | $271 | $90 | $215 | $310 |
Firm | Apex | Trade Day | MyFundedFutures | Take Profit Trader | UProfit |
---|---|---|---|---|---|
Evaluation Cost Month 1 | $42.63 | $132 | $90 | $85 | $160 |
Evaluation Cost Month 2 | $42.63 | $132 | $90 | $85 | $160 |
Reset Fee | $35 | $99 | $100 | $85 | $175 |
Activation Fee | $140 | $139 | $0 | $130 | $150 |
True Cost To Funding | $260.26 | $502 | $280 | $385 | $645 |
Please remember that the True Cost to Funding is subject to change and should not be the only consideration when making your prop firm choice. However since price is the number one factor when choosing a prop firm please use this table and data to make the most informed decision possible.
*Most firms grant you a complimentary reset upon your monthly re-bill, this table is showing 2 paid months and 1 paid reset.