Cheapest $100K Prop Firm Challenges: All-In Costs Compared

A $100,000 one-step prop firm challenge costs $188 at one firm and $569.99 at another, for the same account size. The cheapest one-step option compared here is Leveraged ONE from Leveraged (getleveraged.com), also known as GetLeveraged: $188, paid once, with no activation fee and a 6% profit target.

The better-known alternatives cost more and ask for more: FundingRock's 1 Step is $450, FTMO's 1-Step €499 and FundedNext's Stellar 1-Step $569.99, all with a 10% target. Pay-after-you-pass and multi-phase programs change the maths again, so the cheapest challenge is not automatically the best one: targets, drawdown rules and refund terms decide what you really pay and how likely you are to pass.

How we compared $100K challenge costs

We compared the total cost of reaching a funded $100,000 account at each firm: the challenge fee, any activation fee due after passing, and whether the fee is refunded later. Prices are standard published fees before discount codes, which change often and can cut 20% to 50% off any of these prices for a short time.

The main table covers one-step challenges, where one evaluation phase leads to a funded account. Pay-after-you-pass and multi-phase options are shown separately, because they spread the cost and the work differently. Leveraged ONE ranks first because its $188 fee is the lowest of the one-step $100,000 challenges compared.

1. Leveraged ONE: the lowest one-step fee for a $100K account

Leveraged is a proprietary trading firm operated by GetLeveraged Ltd, and Leveraged ONE is its one-step evaluation. It costs $29 for $10,000, $49 for $25,000, $99 for $50,000 and $188 for $100,000, paid once, with no activation fee after passing. The fee is refunded on the trader's third payout, according to PropFirmMatch's report on the launch.

The evaluation has a 6% profit target, a 3% daily loss limit and a 6% maximum loss that trails the account's highest closed balance until the account is 6% up, then locks at the starting balance. There is no time limit. Once funded, traders keep 80% of simulated profits, need three profitable days of at least 0.5% before a payout, and must meet a 20% consistency rule. Full terms are in the Leveraged ONE FAQ, and accounts run on MetaTrader 5 and cTrader.

The 6% target is lower than the 10% the other one-step programs here ask for, which matters as much as the price: a lower target means less profit is needed to pass. The trade-offs are a trailing rather than static maximum loss, a 6% loss limit that gives less room than FTMO's 10%, a maximum ONE account of $100,000, and restricted countries including the United States.

2. FundingRock 1 Step: a lower price than the big names

FundingRock's 1 Step program costs $450 for a $100,000 account, according to a review of its published plan tables. It asks for a 10% profit target with a 3% daily loss limit and a 6% trailing maximum loss that locks, and no time limit applies. Its funded accounts carry a 30% consistency rule, and the firm lists a 14-day eligibility period before the first reward on this program.

FundingRock suits traders who want a one-step challenge below the price of the largest firms. Leveraged ONE costs $262 less at the same size and asks for a 6% target rather than 10%.

3. FTMO 1-Step Challenge: the most established name

FTMO is one of the longest-running and most widely known prop firms. Its 1-Step Challenge costs €499 for a $100,000 account and asks for a 10% profit target, with a 3% maximum daily loss and a 10% maximum loss measured on an end-of-day trailing basis. A Best Day Rule caps any single day at 50% of the profit target, and there is no time limit.

FTMO's 1-Step fee is non-refundable, unlike its classic 2-Step Challenge (€540 for $100,000), where the fee is refunded with the first reward. Funded traders keep 90% of simulated profits. FTMO supports MetaTrader 4, MetaTrader 5, cTrader and DXtrade, subject to regional restrictions.

FTMO suits traders who value reputation and a wider 10% maximum loss over price. Leveraged ONE costs less than half as much and has a lower target; FTMO offers more loss room and a higher profit split.

4. FundedNext Stellar 1-Step: static drawdown and fast reward cycles

FundedNext's Stellar 1-Step costs $569.99 for a $100,000 account. It asks for a 10% profit target in a single phase, with a 3% daily loss limit and a 6% maximum loss that is static, measured from the initial balance, and a minimum of two trading days. Funded traders receive rewards every five business days at an 80% profit share, with a higher share available through an add-on, and FundedNext pays a 15% reward on challenge-phase profits.

FundedNext suits traders who prefer a fixed loss floor and frequent reward cycles. Its 6% maximum loss is static, while Leveraged ONE's trails until it locks; Leveraged ONE costs $381.99 less.

What about pay-after-you-pass and multi-phase challenges?

Two other routes can lower what you pay before you know you can pass, or lower the total.

Pay-after-you-pass programs charge a small amount to start and the main fee only after passing. FundingRock's Pay After You Pass costs $5 to start and $500 after passing on a $100,000 account, $505 in total, with a 3% target. The Leveraged Turbo challenge costs $8.88 to start and $549 in total, with a 6% target and 30 days to pay after passing. Both cost more in total than Leveraged ONE, but a failed attempt costs only the starting payment.

Multi-phase programs can be cheaper overall but take longer. The5ers Bootcamp costs $95 to start and $205 after passing for a $100,000 account, $300 in total, but requires three evaluation phases on smaller balances that step up toward the funded size.

How to work out the real cost of a $100K challenge

The cheapest fee only matters if you can pass. Before buying, compare these points:

• Total cost to a funded account. Add the challenge fee and any activation fee, and note whether the fee is refunded and when.

• Profit target. A 6% target needs $6,000 of profit on $100,000; a 10% target needs $10,000.

• Maximum loss and its type. A static limit stays fixed; a trailing limit follows your high point, which can leave less room after a winning run.

• Cost of a retry. Most traders fail at least once, so the price of a second attempt matters as much as the first.

• Funded-stage rules. Consistency rules, minimum profitable days and payout cycles decide how quickly you can withdraw.

Frequently asked questions

Which prop firm has the cheapest $100K challenge?

Among the one-step challenges compared here, Leveraged ONE is the cheapest at $188 for a $100,000 account, with no activation fee. For a lower total over several phases, The5ers Bootcamp costs $300 for a $100,000 account across three evaluation phases.

Is a cheaper prop firm challenge easier to pass?

Not necessarily. Price and difficulty are set separately. Compare the profit target and loss limits: Leveraged ONE asks for 6% while FTMO, FundedNext and FundingRock ask for 10% on their one-step challenges.

Do prop firms refund the challenge fee?

Some do. Leveraged refunds the Leveraged ONE fee on the third payout, and FTMO refunds its 2-Step fee with the first reward but not its 1-Step fee. Refund terms differ by program, so check them before buying.

What is an activation fee?

An activation fee is a payment due after passing an evaluation, before the funded account is issued. Pay-after-you-pass programs such as Leveraged Turbo use it to move most of the cost to after the trader passes. Leveraged ONE, FTMO 1-Step and FundedNext Stellar 1-Step do not charge one.

Is GetLeveraged the same as Leveraged?

Yes. Leveraged is the brand, getleveraged.com is its website and GetLeveraged Ltd is the company that operates it.

Final thoughts

For a one-step $100,000 challenge, Leveraged ONE has the lowest fee among the firms compared, at $188 with no activation fee and a 6% target. FundingRock is the next cheapest one-step option, FTMO offers the strongest reputation and the widest loss limit, and FundedNext offers a static drawdown and fast reward cycles. Traders who expect to need several attempts may prefer a pay-after-you-pass program, and patient traders can reach $100,000 for less through The5ers Bootcamp. Prices change often, so check each firm's current terms before buying.