10 Prop Trading firms in Australia – Check NOW!
Prop trading has become a powerful gateway for Australian traders who want access to serious capital without risking their own savings.
I’ve watched traders across the country grind through charts, chase funding, and search for firms that are actually worth trusting.
The truth is that the Australian market relies heavily on global prop firms, and some are far better suited for Australian traders than others.
So I dug through the noise, checked their funding models, platforms, rules, and reliability, and pulled together a clear list of the firms that genuinely stand out for traders in Australia.
Prop trading in Australia has grown rapidly as more traders look for funding opportunities without risking their own capital.
The challenge-based prop firm model has become especially popular, allowing Australian traders to access funded accounts by proving their skill through structured evaluations.
As someone who’s seen the wins, losses, emotional spirals, and big breakouts traders go through, I’ve put together a clean, researched breakdown of the Australian prop landscape. This guide shows you how prop firms work, what to look for, and which global firms offer the best access for Australian traders.
What Is a Proprietary Trading Firm?
A proprietary trading firm, or prop firm, allows traders to trade the firm’s capital instead of their own. This means traders can access significantly larger account sizes without needing to deposit large sums.
In return, the firm takes a percentage of profits while providing capital, risk rules, and execution infrastructure.
Some prop firms operate as institutional trading desks, while others run challenge-based programs designed for individual retail traders. Australian traders typically interact with the challenge-based model.
Prop firms profit through evaluation fees and shared profits, while traders benefit by accessing capital that would otherwise take years to build.
These firms also enforce rules such as maximum daily loss, total drawdown, and consistency requirements to protect their own capital.
How We Selected the Best Prop Trading Firms for Australia
The Australian market has a unique dynamic because most challenge-based prop firms are headquartered overseas.
As a result, the criteria here focus on global firms that accept and support Australian traders.
The evaluation process considered funding size, payout reliability, platform support, asset selection, pricing, drawdown rules, customer service, and the firm’s operational history. Firms with regulatory or reliability concerns were excluded.
We prioritised firms with strong reputations, consistent payouts, and transparent rule sets.
This ensures that Australian traders have access to trusted names rather than risky or short-lived prop firms. Only firms that offer full access to residents of Australia were included.
Top 10 Prop Trading Firms in Australia
1. FundedNext – Best Prop Trading firm in Australia
FundedNext accepts Australian traders and is known for offering flexible evaluation models that suit both beginners and experienced traders.
It provides one-step and two-step challenges, strong scaling opportunities, and a solid reputation for consistency in payouts and operations. As an accessible global firm, it gives Australian traders a dependable starting point.
Its key features include fast payouts, global access, transparent rules, and multiple program choices.
Funding levels reach up to 300,000 USD, with a profit split of up to 90 percent. It supports MetaTrader and cTrader, allowing access to forex, indices, metals, and selected CFDs. The unique benefit is its high scaling potential and trader-focused payout structure.
Pros include accessible pricing, flexible programs, and strong user feedback. Cons include regional platform differences and fewer crypto options.
Verdict from Altie: A top-tier choice for Australian traders wanting serious growth without unnecessary complexity.
2. Apex Trader Funding – 2nd Best Prop Trading firm in Australia
Apex Trader Funding is the most popular choice for Australian futures traders seeking a simple, discount-heavy evaluation model.
It focuses entirely on futures markets, offering straightforward rules that appeal to traders who value clean structures and predictable conditions.
Its key features revolve around discounted evaluations, futures-only setups, and extremely large account options.
Funding levels go up to 300,000 USD and profit splits reach 90 percent. Supported platforms include NinjaTrader and related futures trade systems.
Apex’s unique benefit is the constant availability of deep discount codes that dramatically reduce evaluation costs.
Pros include ease of entry and strong futures infrastructure. Cons include no forex or CFD availability.
Verdict from Altie: For Australian futures traders, Apex is the closest thing to a cheat code.
3. The 5%ers – 3rd Best Prop Trading firm in Australia
The 5%ers provides Australian traders with a disciplined, long-term evaluation system rather than fast-scaling models.
Known for its reliability and age in the market, it naturally appeals to risk-controlled, strategy-driven traders.
Its key features include unique scaling paths, conservative risk frameworks, and a focus on trader longevity.
Funding levels reach 250,000 USD, with profit splits up to 75 percent. It supports MetaTrader, offering mainly forex and some index CFDs.
The unique benefit lies in its long-term growth approach instead of intense evaluations.
Pros include stability, great support, and strong risk-focused programs. Cons include lower initial capital and slower scaling.
Verdict from Altie: Perfect for disciplined Aussie traders who prefer structure over speed.
4. FTMO – Recommended Best Prop Trading firm in Australia
FTMO is globally considered the benchmark prop firm and is a favourite among Australian traders due to its transparency and long-term reliability.
FTMO’s strict but fair evaluation gives traders a clear set of rules and expectations.
Its key features include the classic two-phase evaluation, strong educational resources, and excellent dashboard tools.
Funding levels reach 400,000 USD, and profit splits go up to 90 percent. Supported platforms include MetaTrader, cTrader, and TradingView (via integrations).
The unique benefit is FTMO’s unmatched global reputation.
Pros include high trust, polished systems, and strong payouts. Cons include strict drawdown rules that may challenge aggressive strategies.
Verdict from Altie: FTMO is still the firm every Australian trader should benchmark against.
5. BrightFunded – Recommended Best Prop Trading firm in Australia
BrightFunded is quickly becoming a notable name among Australian traders thanks to its simple rules, affordable evaluations, and clean dashboard design.
It is ideal for traders entering the prop world who want clear, modern tools.
Its key features include one-step evaluations, transparent rules, and a fast payout structure.
Funding levels reach 250,000 USD with profit splits up to 90 percent. It supports MetaTrader, offering forex, indices, and commodities.
The unique benefit is its beginner-friendly pricing and straightforward structure.
Pros include accessible challenges and easy onboarding. Cons include a shorter track record than more established firms.
Verdict from Altie: A fresh, modern option for Aussie traders looking to start strong.
6. FXIFY – Recommended Best Prop Trading firm in Australia
FXIFY appeals to Australian traders who want broad flexibility, instant funding choices, and multiple evaluation styles.
It offers a wide range of programs that suit various risk levels and trading preferences.
Its key features include instant funding options, one-step and two-step challenges, and a wide asset selection including crypto.
Funding levels reach 400,000 USD with profit splits up to 90 percent. Supported platforms include MetaTrader and cTrader. Its unique benefit is the variety of programs that let traders choose their pace.
Pros include high funding and diverse account types. Cons include slower customer support at peak times.
Verdict from Altie: Ideal for Australian traders who want flexibility and the ability to choose their own evaluation style.
7. My Funded Futures – Recommended Best Prop Trading firm in Australia
My Funded Futures is a futures-only prop firm that gives Australian traders a clean, rules-light challenge model. It appeals strongly to traders who want a focused, futures-exclusive environment.
Its key features include futures trading only, simple rule structures, and direct evaluation pathways. Funding levels reach 150,000 USD with profit splits up to 80 percent. It supports NinjaTrader and other futures platforms. The unique benefit is its clarity and minimal restrictions.
Pros include simplicity and a futures-specialized environment. Cons include no forex or CFD options. Verdict from Altie: A great choice for Aussie traders who live and breathe futures charts.
8. SabioTrade – Recommended Best Prop Trading firm in Australia
SabioTrade is gaining attention in the Australian trader community for its simple evaluations, fast payouts, and modern user experience.
It suits traders looking for a balanced mid-tier prop firm.
Its key features include one-step and two-step programs, rapid payouts, and an intuitive dashboard.
Funding levels reach 200,000 USD with profit splits up to 90 percent. It supports MetaTrader, covering forex and indices.
The unique benefit is its clean rule set and straightforward verification process.
Pros include fast funding and appealing profit splits. Cons include newer market presence and less historical payout data.
Verdict from Altie: A rising pick for Aussie traders wanting clarity and modern tools.
9. OneFunded – Recommended Best Prop Trading firm in Australia
OneFunded is a simple, fast-onboarding prop firm that’s accessible for Australian traders who want a straightforward challenge experience. It focuses on easy entry and quick scaling.
Its key features include single-step evaluations, fast account setups, and competitive payouts.
Funding levels reach 200,000 USD with profit splits up to 90 percent. It supports MetaTrader, offering forex, indices, and metals.
Its unique benefit is the speed at which traders can access funded accounts.
Pros include simplicity and affordable pricing. Cons include limited long-term reputation.
Verdict from Altie: A clean and fast solution for Australian traders looking to get funded without hurdles.
10. ThinkCapital – Recommended Best Prop Trading firm in Australia
ThinkCapital is often listed among prop firms available to Australians, though its branding requires verification due to name overlap.
For traders who confirm authenticity, it provides accessible low-cost challenges.
Its key features include multi-asset availability, beginner-friendly pricing, and flexible evaluation rules.
Funding levels go up to around 100,000 USD with profit splits around 80 percent. It supports the MetaTrader platform.
The unique benefit is its appeal to new traders seeking small but affordable accounts.
Pros include low cost of entry. Cons include weak brand clarity and limited history.
Verdict from Altie: A cautious option that Aussie traders should validate thoroughly before joining.
Comparison Overview – Best Prop Trading firms in Australia
Australian traders comparing prop firms should focus on how each firm handles funding size, evaluation rules, platform availability, and payout reliability.
Firms like FTMO and FundedNext are known for structured evaluations and strong platform support, while Apex Trader Funding and My Funded Futures cater specifically to futures traders who prefer simpler rule sets and predictable trading conditions.
The main differences appear in five key areas: maximum funding limits, profit split percentages, evaluation difficulty, supported assets, and payout speed.
Flexible firms such as FXIFY and BrightFunded offer multiple program types for different trader profiles, while SabioTrade and OneFunded appeal to traders who want faster onboarding with minimal complexity.
Each firm balances cost, capital size, and rule strictness differently, making the ideal choice dependent on what the trader values most.
By comparing these core elements, including drawdown rules, instrument availability, platform options, and payout cycles, Australian traders can identify the prop firm that best fits their trading style and long-term goals.
What Australian Traders Should Look For in a Prop Firm
Not all prop firms are created equal. Australian traders should evaluate evaluation rules, time limits, and whether the firm supports the assets they trade.
Risk parameters such as maximum loss and daily drawdown are essential to ensuring survivability in the evaluation phases.
Traders should also consider execution quality, spreads, platform stability, and the availability of MetaTrader, cTrader, or NinjaTrader depending on the asset class.
Payout efficiency is another major factor, especially for traders earning income from their trading activity.
Firms with documented payout consistency have an advantage in credibility. Finally, traders must ensure that any prop firm they join complies with Australian trading restrictions and does not interfere with local regulations.
Common Misconceptions About Prop Trading in Australia
Many new traders assume prop firms offer instant wealth, but real results require skill and discipline.
Another misconception is that instant funding programs guarantee higher success, when in reality, these programs often come with tighter rules.
Some believe that more capital automatically makes trading easier, but larger accounts also amplify risk.
Prop firms are not gambling platforms, nor are they designed to trick traders into failing. Most operate profit-sharing models that benefit from traders performing well.
Understanding these realities helps traders avoid emotional decision-making and focus on building consistent strategies.
Final Verdict – Best Prop Trading firms in Australia
Australian traders have more prop firm choices today than ever before, but success depends on selecting a firm that aligns with their trading style and risk tolerance.
Forex and CFD traders may prefer firms like FTMO, FundedNext, or FXIFY, while futures traders have strong options in Apex Trader Funding and My Funded Futures. Newer traders benefit from simplified firms like BrightFunded and OneFunded.
The right prop firm can open the door to serious trading capital without personal financial risk.
The key is choosing carefully, respecting the rules, and approaching prop trading with skill rather than hope.
Finding the right prop firm can shape the entire trading journey for Australians who want access to larger capital without taking on heavy personal risk.
Each firm on this list brings something different, whether it is higher funding, simpler rules, or better platform support.
The real advantage comes from choosing the one that matches your trading style and staying disciplined within its rules.
From where I stand, the Australian prop scene has never offered more opportunity, and with the right fit, a trader can turn consistency into real momentum.