Discover the top forex prop firms with the most competitive commission structures for 100K accounts.
Commission fees are an important consideration for experienced traders, as they directly affect profitability. Lower commissions lead to higher net gains over time, making them a crucial factor to consider. For forex traders managing 100K accounts, the impact of these fees is even more pronounced, making the search for the most cost-effective forex prop firms a crucial part of their trading strategy. Here, we delve into forex prop firms that understand the value of low commissions and provide traders with the most cost-effective commission structures. For a fair and accurate comparison, we focus on proprietary trading firms offering 100K accounts that require a thorough 3-step evaluation process. As we delve into the top forex prop firms based on their commission structures, selecting the right firm is a step for experienced traders to maximize their earnings while minimizing costs.
1. FXIFY [Commission: $0]
At the forefront of cost-saving measures is FXIFY, a prop firm that boasts zero commissions on forex trades. The offering helps traders who want to keep overheads to an absolute minimum. The commission-free trading structure is available for all instruments except for stocks CFDs, which incur a rate of 0.35% RT. The firm, located in the United Kingdom, introduces a 100K 3-step account plan for traders, available at a plan price of $497. The structure of the account plan consists of three phases, each with a profit target of 5% to evaluate one’s trading skills. The plan has a requirement of 5 minimum trading days, and upon completion of the three phases, traders are entitled to a 75% profit split. This program is operational on both MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms, with FXPIG serving as the broker. Additionally, leverage options are offered to accommodate a varied trading style with the following instruments: FX and Gold start at 30:1, with an option to increase to 50:1 at checkout, Indices are capped at 10:1, Stocks and Cryptocurrencies at 2:1.
2. E8 Funding [Commission: $3]
E8 Funding, based in the United States, offers a 100K 3-step account plan with a forex commission rate of $3 per round lot. The commission structure charges $3 per lot on most instruments, while specific rates apply for some: 0.1% per lot for crypto, 0.0025% per lot for metals and energies, and indices are commission-free. The plan is priced at $358 and is structured into three phases, with no requirement of minimum trading days. Each phase has designated profit targets: 8% for Phase 1, followed by 5% for both Phase 2 and Phase 3. Achievement of these targets grants traders an 80% profit split. This program is facilitated through MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms, in collaboration with Purple Trading Seychelles as a broker. Additionally, leverage options are tailored to the variety of instruments available, offering up to 1:50 for Major and Exotics FX pairs, Commodities, and Indices, and up to 1:5 for Cryptocurrencies. This approach provides traders with flexibility in managing their market exposure and risk.
3. My Funded FX [Commission: $5]
My Funded FX offers traders a forex commission fee of $5 per lot, ensuring that the fees do not erode trading margins significantly. The firm, located in the United States, provides a structured 100K 3-step account plan for traders, available for $375. The account plan has no requirement of minimum trading days and is evenly divided into three phases, with a consistent profit target of 6% set for each phase. Upon meeting these targets, traders are entitled to an 80% profit split. This plan operates on both MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms, partnering with ThinkMarkets and Blueberry Markets to offer a secure trading environment. Leverage options are tailored to the trading instruments, providing up to 1:100 for Currency Pairs, 1:80 for Metals (XAU), 1:25 for Metals (XAG), 1:40 for Oil, 1:20 for Indices, and 1:2 for Cryptocurrencies. This range of leverage options allows traders to strategically manage their risk and exposure. Additionally, the commission structure of $5 per standard for Forex is effective with Blueberry Markets, while ThinkMarkets charges $7 per standard lot for Forex and Metals, and $0 per lot for Indices, Crypto, and Oil.
4. The Funded Trader [Commission: $7]
The Funded Trader, ranking fourth on our list of proprietary trading firms, offers a competitive commission rate of $7 for traders with 100K accounts. The firm, operating out of the United States, offers a 100K 3-step account plan for traders, with a plan price of $355. The account plan has no requirement of minimum trading days and consists of three phases, each with defined profit targets: 8% for Phase 1, followed by 5% for both Phase 2 and Phase 3. Successful completion of these phases entitles traders to a 75% profit split. This plan is available on both MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms, leveraging partnerships with brokers EightCap, Purple Trading Seychelles, and ThinkMarkets to ensure a broad environment for any trading style. Leverage options for the challenge phases of the regular account offer Forex trading at 1:200, Gold and Commodities at 1:30, Indices at 1:20, and Cryptocurrencies at 1:2. Additionally, the commission rates are $3 per lot for Metals, and $0 per lot for Indices, Crypto, and Oil.
5. Forex Capital Funds [Commission: $7]
Matching The Funded Trader, Forex Capital Funds also charges a commission of $7. The firm, based in the Netherlands, presents a 100K 3-step account plan with a plan price of $299. The account plan has no requirement of minimum trading days and is structured around three phases, each with specific profit targets: 8% in Phase 1, followed by 5% in both Phase 2 and Phase 3. Upon successful achievement of these targets, traders are rewarded with an 80% profit split. This program is accessible through the widely-used MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms, in collaboration with ThinkMarkets. Leverage options are provided for the challenge phases, with Forex and Gold and Commodities at 1:30, Indices at 1:20, and Cryptocurrencies at 1:2. Additionally, the commission structure includes commission-free trades for Metal, Indices and Crypto, further enhancing the cost-effectiveness of trading activities.
Summary
In conclusion, our guide to the top forex prop firms based on commission structures, provides options for traders who prioritize cost-efficiency in their trading operations. FXIFY leads the charge by offering zero commission fees, E8 Funding and My Funded FX follow closely, offering low commission rates. The Funded Trader and Forex Capital Funds, with their slightly higher commission rates, still present compelling options for traders. This comparison not only highlights the importance of commission fees, but also the diversity of options available to experienced traders managing 100K accounts. Whether prioritizing zero commissions or seeking reasonable fees, forex traders are equipped with information to choose proprietary trading firms that best align with their trading skills. Ultimately, traders are encouraged to weigh these cost factors against other critical aspects such as pay-out frequencies, profit targets and leverage options.
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