Forex Prop Firms With No Activation Fee
17 firms, 1494 plans, ranked November 2026. An activation fee is a second payment due when you pass, before the funded account opens; these plans charge none, so the evaluation price is the full price.
As of November 12, 2026, 17 of the 86 prop firms PropTested tracks qualify. The best value is FTMO FTMO Challenge 1-Step ($100K) at $443.97 to start, an estimated $1,107 until funded. Converted from EUR 399 at 1.1127, ECB reference rate of November 11, 2026. The firm charges in EUR. Activation fees of $85 to $150 are common on futures plans and are easy to miss in the headline price. No fee means the price you see is what getting funded costs.
Every qualifying firm, best plan first
Dollar prices that show a euro amount are converted from EUR at 1.1127, the ECB reference rate of November 11, 2026. The firm charges in EUR.
One row per firm: the plan that scored best for this list. Prices and rules read on each firm's own pages, latest check November 12, 2026. Sizes in this list: $0.625K, $1K, $1.25K, $2K, $2.5K, $5K, $10K, $20K, $25K, $40K, $50K, $80K, $100K, $120K, $150K, $200K, $250K, $300K, $400K, $500K. How the score works.
Questions traders ask
Which forex: no activation fee plan is the cheapest to start?
RZR Funded Instant24 at $11.05 for a $5K account, checked November 12, 2026. Cheapest to start is not cheapest to get funded: the table's "cost to funded" column counts resets and fees against the simulated pass rate.
Which firm in this list has the best Trustpilot score?
FTMO, with 4.8 of 5 from 55,531 reviews, among firms with at least 100 reviews.
What does activation and reset fees mean?
The listed price is often not the full cost. An activation fee may be due when you pass, a reset costs money when you fail, and monthly plans keep billing until you pass. Read the full explainer: Activation and reset fees.
How does PropTested rank these plans?
Each plan is scored out of 100 the same way whichever firm sells it: 45% cost until funded (the plan's own rules simulated 3,000 times for a trader with no edge), 35% the firm's record and 20% payout terms. Commission never enters the score. The method is published on the methodology page.