Mastering the markets is one thing; accessing enough capital to build a career from it is another. For many skilled traders in Australia, this gap is the primary barrier to success. Risking personal savings or trading stocks without proper backing is a slow and stressful path to full-time trading.
Proprietary firms present a powerful solution, the chance to trade with significant funding. But this introduces a new challenge: how do you find a legitimate partner among so many options? Navigating the evaluation process and trusting a firm’s reputation can feel like a trade in itself.
This guide provides the clarity you need. We will break down the best prop firms Australia has to offer, analysing their profit split models, trading rules, and challenge structures. By the end, you will have a clear roadmap to confidently choose a trustworthy partner and accelerate your journey to becoming a funded trader.
1. What is prop trading, and how does it work in Australia?
Proprietary trading is a partnership where a firm provides its private capital to an individual trader. Unlike retail trading, you are not risking your own savings to access the markets. The firm’s goal is to leverage your skills for mutual profit.
In Australia, the process begins with an evaluation. This is a simulated trading challenge designed to verify your skills. You must prove you can generate profits while adhering to the firm’s specific risk management protocols.
Upon passing the challenge, you gain access to an account with significant funding. The arrangement then operates on a profit-sharing basis. You keep a large majority of the profits you generate, rewarding your successful performance.
2. Top 10+ best prop firms Australia
The best trading firms Australia are defined not just by their initial funding but by their attractive scaling plans that offer a true career path. We’ve analysed the top contenders, focusing on their evaluation fairness and the long-term growth potential they provide for successful traders.
| Firm | Profit Split | Rating | Actions |
|---|---|---|---|
 |
95% – 100% |
4.4
|
Open an account |
 |
90% |
4.5
|
Open an account |
 |
80% |
4.8
|
Open an account |
 |
80% |
4.5
|
Open an account |
 |
75% – 90% |
4.2
|
Open an account |
 |
50% – 100% |
4.9
|
Open an account |
 |
80% – 95% |
4.6
|
Open an account |
 |
80% – 100% |
4.5
|
Open an account |
 |
90% – 100% |
4.5
|
Open an account |
 |
80% |
4.6
|
Open an account |
Dive into our detailed reviews below for a complete breakdown of each firm.
The5ers
#1
Account Types
1-step, 2-step, 3-step
Trading Platforms
MT5, cTrader
Profit Target
5% – 10%
Our take on The5ers
The5%ers stands out as a veteran in the prop trading industry, having built a solid reputation since 2016. For traders in Australia, their key advantage lies in offering three distinct evaluation paths. This provides incredible flexibility, allowing you to choose a challenge that perfectly matches your individual approach.
The scaling plans are where The5%ers truly shine and build careers. Their Hyper Growth program offers a direct path to a massive $4 million in funding, a top-tier offering in the industry. This aggressive growth potential is ideal for confident traders aiming to significantly scale their performance and earnings over time.
For those who prefer a more traditional route, the High Stakes challenge provides a balanced two-step process with a highly attractive profit split of up to 100%. The unique Bootcamp program also offers a low-cost entry, lowering the initial barrier for traders to access professional trading capital.
With clear trading rules and a platform that supports forex, commodities, indices, and crypto, they are a formidable choice. Their longevity and transparent trading rules provide a trustworthy environment for traders to prove their skills and succeed.
| 💳 Challenge Fee | $39 – $850 |
| 👥 Account Types | 1-step, 2-step, 3-step |
| 💰 Profit Split | 50% – 100% |
| 💵 Account Size | $5K – $250K |
| ⏱️ Time Limit | No time limit |
| 🎯 Profit Target | 5% – 10% |
| 📊 Trading Platforms | MT5, cTrader |
| 🛍️ Asset Types | Forex, Indices, Commodities, Crypto |
FundedNext
#2
Account Types
1-step, 2-step, and Instant Funding
Trading Platforms
MT4, MT5, cTrader, Match Trader
Profit Target
4% – 10%
Our take on FundedNext
FundedNext stands out immediately with a unique and powerful incentive: a 15% profit share paid out from the evaluation phase. This is a game-changer, as it rewards skilled trading performance even before you secure full funding, boosting both confidence and capital.
For traders in Australia, the flexibility offered is immense. With multiple models like the Stellar 1-Step, 2-Step, and Instant accounts, there are tailored paths for various strategies. This choice, combined with no time limits and permission for news trading, creates a highly friendly environment.
The firm’s approach to growth is what makes its scaling plan so attractive. It’s a clear, tier-based system where hitting a 10% profit target allows you to scale up your account balance. This provides a predictable and motivating career ladder for consistent traders aiming to manage significant capital.
Finally, their strong reputation is backed by an excellent Trustpilot score and an emphasis on fast payouts. The combination of rewarding traders early, offering flexible challenge options, and providing a clear path for growth makes FundedNext a top-tier choice.
| 💳 Challenge Fee | $32 – $1,099 |
| 👥 Account Types | 1-step, 2-step, and Instant Funding |
| 💰 Profit Split | 80% – 95% |
| 💵 Account Size | $2K – $200K |
| ⏱️ Time Limit | No time limit |
| 🎯 Profit Target | 4% – 10% |
| 📊 Trading Platforms | MT4, MT5, cTrader, Match Trader |
| 🛍️ Asset Types | Forex, Indices, Commodities, Crypto, CFDs, Futures |
Rebels Funding
#3
Account Types
1-step, 2-step, 3-step, 4-step, and instant funding
Trading Platforms
RF-Trader
Profit Target
5% – 10%
Our take on Rebels Funding
RebelsFunding enters the market with a clear message for traders: trade without pressure. Their standout feature across all programs is the unlimited time limit on their challenge phases. This immediately removes a significant psychological burden for many traders.
For traders in Australia seeking a fast track, their Diamond program is particularly interesting. It’s a one-phase evaluation with no daily drawdown rule, focusing only on a 6% maximum drawdown. This simplified approach is designed for confident traders who want quick access to funding.
The firm also offers a very clear and aggressive scaling plan, especially in the Diamond program, where accounts can grow significantly with consistent performance. This structure provides a tangible long-term career path, which is a key factor when choosing among prop firms.
Their proprietary RF-Trader platform, built with TradingView charts, provides a clean and modern trading experience. While different from MT4/5, it’s intuitive and aligns with their branding of being a modern, trader friendly firm.
| 💳 Challenge Fee | €26 – €650 |
| 👥 Account Types | 1-step, 2-step, 3-step, 4-step, and instant funding |
| 💰 Profit Split | 75% – 90% |
| 💵 Account Size | $1K – $320K |
| ⏱️ Time Limit | No time limit |
| 🎯 Profit Target | 5% – 10% |
| 📊 Trading Platforms | RF-Trader |
| 🛍️ Asset Types | Forex, Crypto, Energies, Metals, Equities, Indices |
OneUp Trader
#4
Account Types
1-step
Trading Platforms
NinjaTrader 8, R | Trader Pro, AgenaTrader, Bookmap, MotiveWave, Trade Navigator, QScalp, Volfix, Sierra Chart, Jigsaw Trading, MultiCharts, Photon, InsideEdge
Profit Target
6%
Our take on OneUp Trader
OneUp Trader carves out a specific niche by focusing exclusively on futures trading and offering a single-step evaluation. This straightforward approach is a significant draw for futures traders who want the fastest path to funding without navigating multiple challenge phases.
A compelling feature for traders in Australia is their policy on the first $10,000 of profit. It’s 100% free for the trader to keep, creating a powerful initial incentive. This, combined with a very high 90% profit split thereafter, makes their model financially attractive from day one.
While their scaling plan is different from a typical account balance increase, it’s very practical for futures traders. The Dynamic Scaling Targets increase your allowed contract size as your account grows. This method of scaling directly enhances your trading power and profit potential based on proven performance.
The firm also removes a common point of stress by having no daily loss limits. Their risk management is based solely on a trailing drawdown that, importantly, stops trailing once it hits the initial account balance. This clear rule provides traders with more flexibility throughout the trading day.
| 💳 Challenge Fee | $65 – $325 |
| 👥 Account Types | 1-step |
| 💰 Profit Split | 95% – 100% |
| 💵 Account Size | $25K – $250K |
| ⏱️ Time Limit | No time limit |
| 🎯 Profit Target | 6% |
| 📊 Trading Platforms | NinjaTrader 8, R | Trader Pro, AgenaTrader, Bookmap, MotiveWave, Trade Navigator, QScalp, Volfix, Sierra Chart, Jigsaw Trading, MultiCharts, Photon, InsideEdge |
| 🛍️ Asset Types | Futures Contracts |
E8 Funding
#5
Account Types
E8 One, E8 Classic, and E8 Track
Trading Platforms
MT5, cTrader, Match Trader, TradeLocker
Profit Target
4% – 8%
Our take on E8 Funding
E8 Funding positions itself as a highly customizable and technologically advanced prop firm. Their most impressive feature is the Build Your Account configurator. It allows traders to create a personalised challenge by selecting their market, platform, capital, and even their drawdown limits.
This level of personalisation is a huge plus for experienced traders in Australia who know exactly what trading conditions they need to succeed. Being able to trade Forex, indices, and cryptocurrencies from a single platform adds to this flexibility, accommodating diverse trading strategies.
The scaling plan at E8 Funding (for E8 Classic and E8 Track accounts) is both innovative and intuitive. Your account capital grows with every payout you request, as the profit is added to your starting balance. This organic method of scaling directly ties your account’s growth to your trading performance.
With a strong reputation and over $61 million paid out, E8 Funding demonstrates reliability. Their on-demand payout system and commitment to fast withdrawals further cement their status as a professional and trader-friendly firm.
| 💳 Challenge Fee | $40 – $4,460 |
| 👥 Account Types | E8 One, E8 Classic, and E8 Track |
| 💰 Profit Split | 80% – 100% |
| 💵 Account Size | $5K – $500K |
| ⏱️ Time Limit | No time limit |
| 🎯 Profit Target | 4% – 8% |
| 📊 Trading Platforms | MT5, cTrader, Match Trader, TradeLocker |
| 🛍️ Asset Types | Forex, Commodities, Indices, Crypto, Energy |
Alpha Capital Group
#6
Account Types
1-step, 2-step, 3-step
Trading Platforms
MT5, cTrader, DXTrade, TradeLocker
Profit Target
4% – 10%
Our take on Alpha Capital Group
Alpha Capital Group establishes itself as a serious contender with a strong focus on creating a professional trading ecosystem. They are more than just a firm offering funding; they provide an institutional-grade experience with zero commissions and a proprietary trader dashboard that offers powerful analytics.
For traders in Australia, the sheer variety of evaluation programs is a major advantage. They offer 1-step, 2-step, and 3-step challenges, along with specific Swing and Pro plans. This range of options caters to many strategies and risk tolerances, from scalpers to long-term position holders.
The scaling plan is straightforward and ambitious, allowing traders to grow their capital up to a cumulative total of $2 million. To scale, a trader must achieve a 10% profit on their account. This clear target provides a strong incentive for consistent performance and long-term commitment.
Their structure, which includes their own regulated broker (ACG Markets), enhances their reputation and credibility. This provides traders with an added layer of confidence in the firm’s stability and the integrity of their trading rules.
| 💳 Challenge Fee | $40 – $1,097 |
| 👥 Account Types | 1-step, 2-step, 3-step |
| 💰 Profit Split | 80% |
| 💵 Account Size | $5K – $200K |
| ⏱️ Time Limit | No time limit |
| 🎯 Profit Target | 4% – 10% |
| 📊 Trading Platforms | MT5, cTrader, DXTrade, TradeLocker |
| 🛍️ Asset Types | Forex, Commodities, Indices |
Earn2Trade
#7
Account Types
1-step
Trading Platforms
NinjaTrader 8, Finamark, R | Trader Pro
Profit Target
6% – 7%
Our take on Earn2Trade
Earn2Trade distinguishes itself from other prop firms by emphasising a long-term development journey. Their entire ecosystem is built around the Trader Career Path®, a program focused on nurturing a trader’s performance and growth, rather than just passing a one-time evaluation.
This structured program is ideal for dedicated futures traders in Australia who are seeking genuine career progression. After the first challenge, you begin a scaling track that lets you progress to bigger accounts, topping out at $400,000 with a fixed drawdown.
The firm’s scaling plan is particularly attractive because of its unique upgrade mechanic. Instead of simply adding capital to your account, you are promoted to a fresh, larger account. This process provides you with a full drawdown buffer at each new level, creating excellent risk management conditions for trading.
Earn2Trade has over eight years of experience. With its strong learning materials, including a full beginner’s course, it stands out as a top choice for traders focused on professional growth.
| 💳 Challenge Fee | $68 – $550 |
| 👥 Account Types | 1-step |
| 💰 Profit Split | 80% |
| 💵 Account Size | $25K – $200K |
| ⏱️ Time Limit | No time limit |
| 🎯 Profit Target | 6% – 7% |
| 📊 Trading Platforms | NinjaTrader 8, Finamark, R | Trader Pro |
| 🛍️ Asset Types | Futures (indices, energy, metals, and more) |
Apex Trader Funding
#8
Account Types
Tradovate, Rithmic, and WealthCharts
Trading Platforms
NinjaTrader 8, Tradovate, Rithmic
Profit Target
6%
Our take on Apex Trader Funding
Apex Trader Funding has built a strong reputation in the futures trading space with an incredibly generous payout policy. Traders keep 100% of their first $25,000 in profits per account, and they can manage up to 20 accounts simultaneously. This presents a massive opportunity for profitable traders.
The firm’s evaluation is a simple one-step challenge with no daily drawdowns, which simplifies risk management. They also permit trading during news events and on holidays, offering a level of freedom that appeals to many traders in Australia looking for flexible trading rules.
Their scaling plan is based on contract size rather than account capital. Once a trader’s account balance surpasses a specific threshold, the restriction on contract size is lifted. This practical approach to growth potential allows successful traders to increase their position sizes and profit potential.
With huge payouts to customers and a straightforward funding model, Apex is a dominant player. Their frequent deep discounts on evaluation fees also make them one of the most accessible prop firms for traders looking to get started.
| 💳 Challenge Fee | $167 – $$597 |
| 👥 Account Types | Tradovate, Rithmic, and WealthCharts |
| 💰 Profit Split | 90% – 100% |
| 💵 Account Size | $25K – $300K |
| ⏱️ Time Limit | No time limit |
| 🎯 Profit Target | 6% |
| 📊 Trading Platforms | NinjaTrader 8, Tradovate, Rithmic |
| 🛍️ Asset Types | Equity Indices, Currencies, Commodities, Interest Rates, Crypto |
My Funded Futures
#9
Account Types
1-step
Trading Platforms
Tradovate, NinjaTrader 8, TradingView, Quantower, Volsys, Volumetricatrading
Profit Target
6%
Our take on My Funded Futures
My Funded Futures focuses on simplicity and transparency with its one-step evaluation process. This direct path to funding appeals to traders who want to prove their skills quickly. The firm offers different account types like Scale, Core, and Pro to cater to various risk appetites and strategies.
For traders in Australia, the absence of a daily loss limit on all accounts is a significant advantage. This rule combines with the EOD drawdown to offer better flexibility. It allows intraday traders to operate without worrying about temporary market fluctuations stopping them out.
The firm’s scaling plan is structured and clear, particularly in the Scale Plan, where traders progress through tiers. Scalability is tied to consistent performance, with payout caps and contract limits increasing after a set number of successful withdrawals. This creates a clear path from a SIM-funded account to a live static account.
With zero activation fees and weekly payouts available on certain plans, My Funded Futures presents a compelling, low-barrier option. Their strong emphasis on a clear, step-by-step path to live capital makes them a noteworthy choice among prop firms.
| 💳 Challenge Fee | $77 – $477 |
| 👥 Account Types | 1-step |
| 💰 Profit Split | 80% |
| 💵 Account Size | $50K – $150K |
| ⏱️ Time Limit | No time limit |
| 🎯 Profit Target | 6% |
| 📊 Trading Platforms | Tradovate, NinjaTrader 8, TradingView, Quantower, Volsys, Volumetricatrading |
| 🛍️ Asset Types | Futures Contracts |
Top One Futures
#10
Account Types
1-Step Elite Challenge, Instant Sim Funded, S2F Sim PRO
Trading Platforms
Project X, Quantower
Profit Target
6%
Our take on Top One Futures
Top One Futures offers a compelling range of funding options, including a 1-step challenge and an Instant Sim Funded model. Their high profit split of 90% and fast payouts in under 24 hours immediately position them as a competitive choice for futures traders.
The firm’s scaling plan is designed for long-term, consistent growth. Traders who demonstrate a total gain of 25% over a three-month period can request an account increase of 25% of their initial capital. This structure rewards steady performance over short-term gains.
For traders in Australia, the availability of an Instant Sim Funded account provides a direct path to start earning without a lengthy evaluation. This is a significant advantage for confident traders ready to perform from day one, bypassing the usual challenge phase.
Their strong reputation is supported by a high Trustpilot score and an emphasis on customer support. By offering free training materials and access to a large Discord community, Top One Futures builds a supportive environment for traders on its platform.
| 💳 Challenge Fee | $34 – $898 |
| 👥 Account Types | 1-Step Elite Challenge, Instant Sim Funded, S2F Sim PRO |
| 💰 Profit Split | 90% |
| 💵 Account Size | $25K – $150K |
| ⏱️ Time Limit | No time limit |
| 🎯 Profit Target | 6% |
| 📊 Trading Platforms | Project X, Quantower |
| 🛍️ Asset Types | Futures Contracts |
Read more:
3. Our methodology: How we ranked the top Australian prop firms
To provide a transparent, valuable ranking, our assessment of prop firms is based on a consistent set of core criteria. We measure the real-world value each firm offers to a trader in Australia by analysing the factors that directly impact a trader’s journey from evaluation to consistent payouts. Our analysis is grounded in the following pillars.
- Evaluation rules and fairness: We scrutinised the challenge process for achievable profit targets and reasonable risk thresholds to respect. Firms with flexible rules, like no time limits, were rated higher as they accommodate more trading strategies.
- Scaling plan and career growth: A firm’s long-term value lies in its scaling plan. We prioritised firms with a clear path to managing more trading capital, analysing how scaling is achieved and the requirements for growth.
- Profit split and payout reliability: We compared the maximum potential profit split and initial incentives. A firm’s reputation for fast, dependable payouts was a critical factor in our assessment, ensuring traders can trust the funding partner.
- Trading flexibility and conditions: Top firms must support diverse trading styles. We evaluated the range of tradable assets, from forex and commodities to indices and cryptocurrencies, alongside the quality of their trading platforms.
- Reputation and trader support: Trust is essential. We weighed each firm’s industry reputation through user reviews and payout histories. The quality of customer support and the strength of the community were also key indicators of a trader-friendly environment.
Ultimately, our rankings are a comprehensive blend of these critical elements. We believe the best prop firms aren’t defined by their funding size alone. They’re the ones that offer a fair challenge, real growth opportunities, and a partnership built on trust.
4. The pros and cons of prop trading in Australia
Proprietary trading offers a transformative opportunity, but it’s vital to weigh the benefits against the drawbacks. For traders in Australia, prop firms can fast-track a career, but this path requires adapting to a specific set of rules and expectations.
| Pros | Cons |
|---|---|
| Access to significant capital: Trade with a much larger account than you could personally fund, amplifying potential profits. | Strict rules and limitations: You must adhere to the firm’s risk management rules, such as daily and maximum drawdown limits. |
| Zero personal risk: Your personal savings are not at risk. The firm absorbs all losses on the funded account. | Evaluation pressure: The initial challenge can be psychologically demanding, with specific profit targets to meet. |
| High profit-sharing: Keep the majority of the profits you generate, typically between 80-90%, offering a high reward for your skills. | Fees and subscriptions: Most evaluation programs require an upfront fee or a recurring monthly subscription until you pass. |
| Career progression: Successful performance often leads to growth opportunities, allowing you to manage even larger amounts of funding over time. | Restrictions on trading styles: Some firms may limit certain trading strategies, such as news trading or holding positions overnight. |
| Professional environment: Gain access to professional trading platforms, communities, and sometimes educational resources. | Profit-sharing model: While you keep most profits, a portion is always shared with the firm, unlike trading your own capital. |
In essence, prop trading allows skilled traders to overcome the lack of capital. The trade-off is working within a structured environment. For disciplined traders, access to significant funding and zero personal risk typically outweighs these constraints.
5. How to choose the right prop firm in Australia: A checklist
After years in this space, I’ve learned that not all prop firms are created equal. Choosing the right one is less about their marketing and more about how their structure aligns with your trading reality. While our detailed Prop firm reviews provide the specifics on each company, this is the personal framework I use to filter out the noise and identify a true partner.
5.1. Step 1: Understanding evaluation rules (Targets, drawdown, time limits)
The first thing I always scrutinise is the evaluation itself, as this is your entry point. Look past the profit target and focus on the risk limits; a static drawdown is almost always more forgiving than a trailing one. From my experience, having unlimited time to complete the challenge removes immense psychological pressure and is a huge green flag.
5.2. Step 2: Comparing profit splits and scaling plans
Don’t just be swayed by the headline profit split. What truly separates a great firm from a good one is its scaling plan. I look for a clear, milestone-based path to increased capital. This shows the firm is invested in your long-term performance and offers genuine career growth, not just a one-time funding opportunity.
5.3. Step 3: Analysing all fees, costs, and payout systems
This is where many traders get caught out by hidden costs. I map out all potential fees: the upfront cost, any monthly subscriptions, and especially data or platform fees. But what good is profit if you can’t access it? I always verify a firm’s reputation for fast, reliable payouts before I even consider their program.
5.4. Step 4: Checking available assets and trading platforms (MT4/MT5)
Your edge is useless if the firm doesn’t support your market. Confirm they offer the assets you specialise in, whether that’s forex, indices, commodities, or cryptocurrencies. I also ensure they provide stable, low-latency trading platforms like MT5 or cTrader, as flawless execution is critical for success.
5.5. Step 5: Evaluating the quality of customer support and community
The last one is a factor you need to overlook until it’s too late. Before paying for a challenge, send their customer support a test question to gauge their response time and quality. A strong community on Discord is also invaluable, offering a source of shared knowledge and even mentorship from other traders.
Selecting the right prop firm is a strategic business decision, not just a simple purchase. Evaluate fairness, growth, costs, and support carefully. This shifts you from a hopeful applicant to a professional who knows how to choose the right trading partner.
6. Regulation and taxation on prop trading profits in Australia
Understanding the legal and financial landscape is crucial for any trader partnering with prop firms. In Australia, the approach to regulation and taxation is straightforward, but it’s important to know the key distinctions to ensure full adherence and security.
6.1. Proprietary firm regulation
The regulatory framework for prop firms in Australia differs from that of traditional brokers. These firms are primarily seen as talent-scouting entities that offer access to their capital, not as financial institutions handling client deposits. As such, they do not require a direct license from the Australian Securities and Investments Commission (ASIC).
However, the critical point of compliance comes from the brokerage partners these firms use to execute trades. By law, these brokers must be licensed by ASIC or an equivalent top-tier regulator. This ensures the trading environment is fair and secure. A firm’s transparency about its brokerage partners is a key indicator of its reputation.
6.2. Taxation on trading profits
In Australia, any profits you earn from a prop firm are considered personal income and are subject to taxation by the Australian Taxation Office (ATO). The current tax-free threshold is AUD 18,200 annually.
Any income you earn above this amount will be taxed at a progressive rate, starting from 19% and increasing up to 45% for higher income earners. It is highly recommended that you consult a tax professional to properly manage your trading earnings.
While prop firms themselves operate in a distinct regulatory space, the system ensures trader protection through mandatory broker licensing. From a financial perspective, traders in Australia must treat their profit split as taxable income. A clear understanding of these two areas is fundamental to building a sustainable and compliant trading career with a funded account.
7. Best prop firms Australia Reddit: What real traders are saying
To get an unfiltered perspective, we analysed discussions from communities like Reddit. Traders consistently prioritise the best-funded account in Australia with fair rules and a strong reputation. Established names like FTMO are frequently recommended for both forex and commodities trading.
The conversations also reveal a clear split based on asset class. For futures trading, Apex Trader Funding is a top mention, often highlighted for its promotional fees. This shows the community’s choice of firm is highly dependent on their specific trading focus.
In summary, the consensus on Reddit is clear. Traders trust established prop firms, choose based on their preferred market, and strongly advise newcomers to scrutinise all rules before starting a challenge.
8. FAQs
Yes, operating as or trading with prop firms is completely legal in Australia. These firms are typically structured as evaluation companies that provide capital, not as financial institutions that require direct ASIC licensing. However, their brokerage partners must be regulated.
The best firms for beginners often have no time limits on their challenges, offer extensive training support, and have a supportive community. Firms like The5ers and FundedNext are excellent choices due to their flexible evaluation models and strong community support.
The amount of funding varies significantly between firms. Initial accounts typically range from $5,000 to $200,000. However, through aggressive scaling plans, successful traders can eventually manage accounts worth up to $2 million or more with certain prop firms.
Yes, any earnings from the profit split are considered taxable income in Australia. You must declare these profits to the ATO. Income above the tax-free threshold of AUD 18,200 is taxed at a progressive rate.
No, you cannot lose more than the fee you paid for the evaluation. All trading losses on the funded account are covered by the prop firm. This zero-risk model is one of the biggest advantages of funded trading.
The fees for an evaluation depend on the account size. A smaller $25,000 challenge might cost around $150 − $250, while a larger $100,000 challenge can range from $500 – $600. Many firms offer a full refund of this fee once you pass.
The process is straightforward. First, select one of the prop firms that accepts traders from Australia. Next, choose an account size and pass their evaluation challenge by meeting the profit target without violating any rules. Once passed, you will receive your funded account to start trading.
A trader’s income depends entirely on their performance and the size of their funding. A consistently profitable trader managing a $100,000 account could potentially earn several thousand dollars per month after the profit split. However, profits are never guaranteed and depend on skill.
While trust is subjective, firms with a long operational history, thousands of positive reviews, and a proven record of fast payouts are considered the most reputable. FTMO and The5ers are widely regarded in the community for their long-standing reliability and transparent trading conditions.
Most prop firms offer a wide range of markets. You can typically trade Forex, major global indices (like the AUS200), commodities such as gold and oil, stocks and increasingly, major cryptocurrencies. Futures-specific firms focus solely on instruments traded on exchanges like the CME.
A frequent mistake is failing to fully understand the drawdown rules, especially the difference between static and trailing drawdowns. Another is over-trading or taking excessive risks to pass the challenge quickly. Successful traders treat the evaluation with the same disciplined risk management as a live account.
9. Conclusion
Choosing the right partner from the best prop firms Australia has to offer is a defining step in your trading career. As we’ve detailed, the ideal firm is not just about the initial funding amount. It’s about finding a fair challenge, transparent rules, and an attractive scaling plan that provides a real path for long-term growth and success.
The world of proprietary trading is constantly evolving, with firms regularly updating their programs. To stay informed and explore more in-depth analyses of firms across different regions and specialities, we invite you to browse our comprehensive Best Prop Firms category at H2T Funding. This resource is designed to equip you with the knowledge needed to navigate the landscape with confidence.
