Top 10 Prop Firms in Australia

Trading can be a lonely and frustrating profession. You spend hours staring at charts, trying to predict the unpredictable. Just when you think you’ve cracked the code, the market throws you a curveball. As a trader, you can’t avoid the emotional rollercoaster of trading. However, you can mitigate the impact of your inevitable losses by utilizing the resources available through property firms in Australia and by no challenge prop firm. 

If you’re looking for a way to boost your trading skills and achieve consistent profits, a No Challenge prop firm may be the answer. In this guide, we’ll explore how proprietary trading firms for traders in Australia work, the benefits they offer, and how to choose the best one for your needs.

Why Choose a Prop Firm for Trading in Australia?

Choosing a proprietary trading or prop firm for trading in Australia offers several compelling advantages that can significantly enhance a trader’s career and profitability. One of the primary benefits is access to substantial trading capital. Prop firms provide traders with the opportunity to trade using the firm's funds rather than their own, enabling them to take larger positions and potentially increase profit margins without risking personal savings.

Risk management is another key advantage. Australian prop firms typically implement strict risk controls and guidelines, helping traders maintain discipline and protect the capital they trade with. This structured environment promotes responsible trading habits, which are crucial for achieving long-term success.

Flexibility and scalability are essential features that make prop firms attractive to traders of all experience levels. Whether you're a novice or a seasoned professional, prop firms offer tailored programs that enable you to grow your trading account as you demonstrate consistent profitability. Many firms also provide comprehensive training, mentorship, and access to advanced trading technology, which accelerates skill development and enhances trading performance.

In the Australian market, prop firms often provide access to both local and global financial markets, including equities, foreign exchange (forex), commodities, and derivatives. This broad market access allows traders to diversify strategies and capitalize on unique opportunities within Australia’s regulated financial environment.

Overall, partnering with a prop firm in Australia provides traders with access to significant capital, robust risk management, and advanced tools, all within a flexible structure that supports growth at any level of experience. This combination creates a professional and supportive environment where traders can focus on refining their skills and increasing profits without risking their own money. Firms like Goat Funded Trader exemplify this approach by offering scalable funding and educational support, making them a strong choice for traders aiming to build a sustainable career in the Australian trading scene.

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Goat Funded Trader gives you access to simulated accounts up to $800K with the most trader-friendly conditions in the industry - no minimum targets, no time limits, and triple paydays with up to 100% profit split. Join over 98,000 traders who've already collected more than $9.1 million in rewards, all backed by our 2-day payment guarantee with a $500 penalty for delays. Choose your path to funding through customizable challenges or start trading immediately with our instant funding options. Sign up to Get Access to up to $800K Today, and 25-30% off.

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Top 10 Prop Firms in Australia

1. Goat Funded Trader

Goat Funded Trader (GFT) is a proprietary trading firm established in 2022 that offers traders in Australia and worldwide access to substantial capital through flexible evaluation programs and instant funding options. The firm supports a vast range of trading instruments, including over 1,300 forex pairs, 14,000+ stocks, 21,000 ETFs, and 1,500+ cryptocurrencies.

GFT is known for its trader-friendly policies, including no time limits on challenges, the allowance of news and weekend trading, and a high profit split of up to 95%. Its in-house technology powers a custom dashboard that provides traders with comprehensive stats and a seamless trading experience. With over 98,000 traders globally and more than $9.1 million paid out, GFT positions itself as a leading prop firm for long-term trading success, offering a unique approach that avoids the typical hurdles of conventional challenge programs.

Key Features of Goat Funded Trader

• Diverse account challenges, including instant funding and multi-step evaluations
• Access to $5,000 up to $800,000 initial capital with scaling potential to $2 million
• Profit sharing from 80% up to 100% with flexible, frequent payout options
• Leverage tiers: up to 1:100 forex, 1:20 indices/commodities, 1:2 cryptocurrencies
• Permits weekend, overnight, news trading, scalping, and swap-free accounts
• Transparent fees: low monthly platform charge and competitive commissions
• Uses platforms like TradeLocker with TradingView integration, MatchTrader, and Platform 5.
• Fast, reliable payouts within 48 hours, backed by penalty guarantees
• Supports 1,300+ forex pairs, 14,000+ stocks, 21,000+ ETFs, 1,500+ crypto pairs
• Robust technology with low latency, real-time analytics, and responsive support

2. E8 Funding

E8 Funding, now rebranded as E8 Markets, is a dynamic proprietary trading firm that empowers traders in Australia and globally with flexible and customizable evaluation programs. Founded in 2021, E8 provides access to simulated funded accounts where traders can keep up to 100% of their profits. The firm supports a broad range of assets, including Forex, futures, and cryptocurrencies, and emphasizes trader empowerment through innovative technology, such as the E8X dashboard, for real-time analytics.

Key Features of E8 Funding

• Up to 100% profit retention
• Customizable evaluation programs (one-step, two-step, and more)
• Fast payouts with average withdrawal time around 10 hours
• Access to Forex, futures, and crypto markets
• Innovative E8X dashboard providing real-time trading analytics

3. The5ers

The5ers is a well-established proprietary trading firm founded in 2016, offering Australian traders and others worldwide an opportunity to trade forex with firm capital through a unique funding model. The firm focuses on funding the top 5% of traders, providing instant funding and scalable accounts that can grow up to $4 million based on performance milestones. Traders benefit from flexible trading rules that allow overnight, weekend, news, and algorithmic trading, with no restrictions on trading styles, including scalping and swing trading.

Key Features of The5ers

• Instant funding with scalable accounts up to $4 million
• Profit payouts from the first target with no deductions from the balance
• Flexible trading rules including news, overnight, weekend, and algo trading
• No subscription fees, hidden costs, or recurring charges
• Access to the MetaTrader 5 platform with tight spreads and low commissions

4. FTMO

FTMO is a leading modern proprietary trading firm that focuses on discovering and nurturing trading talent through a structured evaluation process. Australian clients benefit from high compliance standards and tailored leverage options, including up to 1:30 leverage on FTMO Swing Accounts, with higher leverage available upon meeting specific investor criteria. FTMO’s model emphasizes education, risk management, and skill development, offering traders up to $200,000 in simulated funds and rewards of up to 90% of profits from demo trading.

Key Features

• FTMO Challenge and Verification as a two-step evaluation process
• Demo accounts with up to $200,000 in virtual capital
• Profit rewards up to 90% on simulated trading profits
• Access to Performance Coaching and Mindset support
• Multiple trading platforms, including MetaTrader 4, MetaTrader 5, and cTrader

5. PipFarm

PipFarm is an emerging proprietary trading firm offering traders in Australia and worldwide the chance to prove their skills through simulated trading challenges. It provides flexible funding programs with initial capital of up to $300,000 and scaling opportunities that can reach $1.5 million. Traders benefit from a maximum leverage of 1:50 and can keep up to 95% of their profits. The firm emphasizes trader development with relaxed trading restrictions, a loyalty rewards system, and weekly payouts. PipFarm operates with an innovative platform and a transparent, straightforward evaluation process designed to foster consistent and profitable trading.

Key Features:

• Up to $300,000 initial funding, with scaling up to $1.5 million
• Maximum leverage of 1:50 across products
• Profit share up to 95% for traders
• Weekly payouts every Friday
• Kill Switch risk management tool for account protection

6. Hola Prime

Hola Prime is a pioneering, proprietary trading firm that offers Australian traders access to simulated trading accounts with virtual capital and tangible rewards. The firm stands out by providing up to 95% profit shares on demo trading, with no risk to personal funds, and an industry-first one-hour payout system. Hola Prime supports multiple trading platforms, including MT5, cTrader, MatchTrader, and DX Trade. It offers flexible plans such as Pro and Prime Challenges, as well as a Direct Plan that bypasses evaluation.

Key Features

• Industry-first one-hour payout processing
• Up to 95% profit share on simulated trading
• Multiple plans: Pro Challenge, Prime Challenge, and Direct Account
• Trading platforms: MT5, cTrader, MatchTrader, DX Trade
• Daily price transparency reports comparing market benchmarks

7. OneUp Trader Funding

OneUp Trader Funding offers Australian traders a straightforward path to access funded futures trading accounts through a simple one-step evaluation process. Traders demonstrate their skills by meeting clear profit targets and adhering to risk management rules over a minimum of 10 trading days. Upon successful completion, traders receive funding from OneUp Trader’s partners, with account sizes ranging up to $250,000. The program features a generous profit split, allowing traders to keep 100% of their first $10,000 in profits and 90% thereafter.

Key Features

• Simple 1-step evaluation with clear profit targets and risk rules
• Funded accounts up to $250,000 with multiple trading platform options
• Keep 100% of the first $10,000 profits, then 90% profit split thereafter
• Trade over 40 CME futures products, including indices, commodities, and currencies
• Minimum 10 trading days required 

8. DNA Funded

DNA Funded is a prominent proprietary trading firm providing Australian traders with access to simulated funded accounts up to $600,000. The firm offers various challenge programs tailored to different trading styles and experience levels, with account sizes ranging from $5,000 to $200,000. Traders must meet a 10% profit target while maintaining controlled daily and total loss limits. Typically, they trade with leverage of up to 1:30 or 1:50, depending on the type of challenge. DNA Funded supports rapid evaluation processes with a minimum of three trading days, weekend holding, and a one-step challenge option.

Key Features:

• Funding options from $5,000 up to $600,000 simulated capital
• Profit targets at 10% with daily loss limits of 5-6% and total loss caps
• Trading leverage up to 1:50, depending on challenge type
• Proprietary TradeLocker platform with fast execution and mobile/desktop dashboard
• Minimum trading days of 3 with weekend position holding, and a one-step challenge available

9. Profitex

Profitex is an Australian-based proprietary trading firm launched in 2023, offering traders access to simulated capital through a straightforward one-phase evaluation process without time constraints. The firm provides five funded account options ranging from $15,000 to $200,000, all featuring a 10% profit target and daily and total drawdown limits of 5% and 10%, respectively. Profitex operates on the DXtrade platform powered by Eightcap. Traders benefit from an 80% profit share on funded accounts, flexible trading conditions including weekend and overnight holds, and a dedicated support team.

Key Features:

• One-phase evaluation with no time limit and a 10% profit target
• Funded accounts from $15,000 up to $200,000 with 1:30 leverage
• 80% profit split on funded accounts
• Trading on the DXtrade platform via the Eightcap broker with low spreads
• Minimum three trading days in evaluation, 10 days in funded stage, with risk limits

10. Fundedprime

Fundedprime is a Melbourne-based proprietary trading firm launched in 2023, designed to provide Australian traders with access to funded accounts up to $250,000 through a flexible and transparent evaluation process. The firm offers five different challenge options with no time limits, allowing traders to progress at their own pace. Fundedprime operates on trusted platforms, such as DX Trade and TradeLocker, and is partnered with the reputable Australian broker Eightcap, providing access to over 800 trading instruments, including forex, commodities, indices, and cryptocurrencies.

Key Features

• Up to $250,000 funded accounts with five challenge options
• No time restrictions during evaluation phases
• Profit split up to 80% with no minimum profit withdrawal targets
• Trading on the DX Trade and TradeLocker platforms via the Eightcap broker
• Access to 800+ instruments, including FX, commodities, indices, and crypto

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Pros of Prop Firms in Australia

Access to Significant Trading Capital

One of the most notable advantages of prop trading is the access to substantial capital provided by the proprietary trading firm. Traders can operate with the firm’s funds rather than risking their own money. This enables them to take larger positions and pursue more profitable opportunities in the market. This capital leverage allows traders to scale their strategies beyond what personal funds would permit.

Generous Profit Sharing

Prop trading firms typically offer a profit-sharing arrangement, where traders retain a significant portion of the profits they generate. While the exact split varies by firm, many offer generous terms that allow traders to earn substantial income as they develop their skills and consistently perform well. This model incentivizes traders to maximize returns while sharing the gains fairly with the firm.

Partnerships with Trusted Brokers and Advanced Tools

Well-established prop firms often maintain partnerships with reputable brokers. This ensures traders have access to reliable and efficient trading platforms. Additionally, prop traders benefit from advanced tools and technology, including real-time data feeds, sophisticated charting software, and algorithmic trading capabilities. These resources enhance decision-making and execution speed, giving prop traders a competitive edge in the markets.

Structured Support and Risk Management

Many prop firms provide structured environments that include mentorship, training programs, and performance analytics. This support is especially valuable for beginner traders, helping them establish a strong trading foundation and instill disciplined risk management practices. Firms enforce strict risk controls to protect capital, which also allows traders to avoid significant losses and develop sustainable trading habits.

Opportunity to Trade Diverse Markets

Proprietary trading firms often offer access to a variety of markets, including forex, futures, stocks, and cryptocurrencies. This diversity allows traders to find the markets that best fit their trading style and preferences, while also enabling portfolio diversification to increase profitability potentially.

Cons of Prop Firms in Australia

Unmasking the Regulatory Risks of Proprietary Trading

Many proprietary trading firms operate without proper regulatory oversight. This lack of regulation can lead to questionable business practices, including the use of offshore jurisdictions with minimal financial oversight and inadequate client fund protections. Traders often have limited legal recourse in the event of disputes, making the environment risky and sometimes deceptive. 

Strict Risk Management Rules

Prop firms enforce strict risk controls, including daily loss limits and maximum drawdowns. While these rules aim to protect the firm's capital, they can restrict traders' flexibility and force them out of positions prematurely. Such constraints may hinder the execution of specific trading strategies that require greater flexibility, thereby reducing competitiveness and effectiveness. 

Limitations on Trading Strategies

Some prop firms impose restrictions on the types of strategies allowed, including bans on algorithmic or automated trading. This limitation excludes traders who rely on sophisticated systems, thereby reducing the diversity of approaches that can be employed. Consequently, traders may find that their preferred or profitable methods are disallowed, which can impact their potential success.

Profit Sharing and Upfront

Traders do not retain all profits; firms typically take a share, which can limit overall earnings. Moreover, many prop firms charge fees for evaluations, training, or account resets. These upfront and ongoing costs impose financial burdens before traders even start to make a profit. For beginners, these expenses combined with profit splits can reduce the attractiveness of prop trading.

How to Choose a Prop Trading Firm in Australia

Selecting the correct prop trading account in Australia requires careful evaluation of several key factors to ensure you partner with a reputable firm that supports your trading style and financial goals. Here’s a structured guide to making an informed choice based on verified, up-to-date information.

Reputation & Track Record 

When searching for a reputable prop trading firm in Australia, always prioritize a company’s credibility and track record. Established firms with a solid operational history are generally more reliable than newly launched companies. Since most prop firms are unregulated but registered, be cautious with online reviews, especially from sources without a proven track record. Investigate the firm’s leadership for transparency and consistency. Firms that disclose their team and have a history of consistent liquidity are generally more reliable. 

Trading Costs & Fees 

Before choosing a prop trading firm, read the fine print. Understand the fee structure. US-based prop firms often charge ongoing monthly subscriptions, while many Australian and non-US firms use a one-time evaluation fee model, which can be more cost-effective in the long run. Compare evaluation fees, trading commissions, and any hidden charges. Transparent firms will clearly outline all costs and the brokers with whom they partner. 

Trading Platforms 

Not all trading platforms are created equal. Ensure the firm offers robust trading platforms that suit your needs. Leading prop firms in Australia support MetaTrader 4 (MT4), MetaTrader 5 (MT5), TradeLocker, DXtrade, and sometimes proprietary or third-party platforms. If you use automated strategies, confirm the platform supports expert advisors or algorithmic trading. 

Profit Share Arrangements

Profit share arrangements should be one of your top considerations when choosing a prop trading firm. Focus on firms offering a high profit split. The industry standard among top Australian property firms is 80% or higher, with some offering rates as high as 95%. Avoid firms with profit splits below 80%, as these are less favorable for traders. 

Asset Selection

Check the range of instruments available. The best prop firms in Australia offer access to a range of financial instruments, including Forex, cryptocurrencies, commodities, equities, indices, metals, and occasionally ETFs or futures. Asset diversity allows you to implement a broader range of strategies. 

Trading Strategy Flexibility

Confirm that your preferred trading style is allowed. Some firms have no restrictions, while others may prohibit specific strategies, such as news trading, scalping, or holding trades overnight. Review the firm’s rules and ensure they align with your approach. 

Customer Support

Reliable customer support is crucial. Opt for firms that offer fast, responsive assistance, ideally 24/5 or 24/7, to resolve issues related to contracts, payouts, or platform access. 

Payout Methods & Speed

Evaluate payout options and processing times. Top Australian prop firms support fast withdrawals, often within 24 hours, via bank wire, cryptocurrencies, and other payment methods. Look for firms with low minimum payout amounts and flexible withdrawal options. 

Regulation and Legal Standing

While most prop firms are not regulated, verify that the firm is registered as a business in Australia and, where possible, check if it holds any licenses or is under the oversight of the Australian Securities and Investments Commission (ASIC). Regulatory oversight, though rare, adds an extra layer of credibility.

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Get 25-30% off Today - Sign up to Get Access to Up to $800K Today

Goat Funded Trader gives you access to simulated accounts up to $800K with the most trader-friendly conditions in the industry - no minimum targets, no time limits, and triple paydays with up to 100% profit split. Join over 98,000 traders who've already collected more than $9.1 million in rewards, all backed by our 2-day payment guarantee with a $500 penalty for delays. Choose your path to funding through customizable challenges or start trading immediately with our instant funding options. Sign up to Get Access to up to $800K Today, and 25-30% off.

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