Best prop firms in Australia (2026): 70 firms ranked by AI visibility

Advertiser disclosure: some links on this page may be affiliate links, meaning BrokerCatalogue may earn a commission if you buy an evaluation. Rankings on this page are computed from the Pipswire AI Visibility Index (an independent, published dataset) and the firm data in our catalogue; they are never changed for advertisers.

When traders in Australia ask ChatGPT, Perplexity, Gemini, Claude or Google which prop firm to use, these are the firms the engines name most often (Q3 2026 index, Australia-specific questions). The score is per market, so a firm can rank differently here than in the global table. Each profile lists the rules, fees and payout terms that apply wherever you are.

The rules for prop firms in Australia

ASIC licenses CFD brokers and polices how they sell. It does not license prop firms. Its CFD order caps retail leverage at 30:1 on major pairs and bans bonuses, and it runs to 23 May 2027. Those rules bind the broker behind a prop firm's real trading, not the test you buy.

What that means for you. The test fee is not client money. AFCA cannot take a complaint about it unless the firm holds an Australian licence. Your remedy is the contract. ASIC has warned finfluencers since 2025, so a paid promoter of a prop firm should be able to show how they are allowed to promote it.

Money and tax. Fees go by card or bank transfer. The ATO treats trading profit as normal income, and a prop-firm reward is income when you receive it.

The list below is not a safety rating. It shows which firms AI tools and Google name most for traders here, from the Pipswire AI Visibility Index for the third quarter of 2026. Firms change the countries they accept. Check each firm's own list before you pay for a test.

Sources: ASIC 22-082MR on the CFD order, 6 Apr 2022 · ASIC on finfluencers, 2026 · ATO ruling TR 2005/15, 2005

Top 10

1

FTMO

Prague, Czech Republic · founded 2015

53.5AI visibility
Evaluation models
One-step, Two-step
Maximum allocation
$200,000 (scaling to $2M)
Profit split
80% (up to 90%; 90% on 1-Step)
Challenge fee from
€79 (1-Step $10k); €89 (2-Step $10k)
Payout frequency
bi-weekly (on demand after 14 days)
Platforms
cTrader, DXtrade, MT4, MT5, TradingView

FTMO is a proprietary trading firm based in Prague, Czech Republic, founded in 2015. It offers one-step, two-step evaluations on forex, indices, commodities, crypto, stocks, futures. Funded accounts go up to $200,000 (scaling to $2M). The…

2

FundedNext

Dubai, United Arab Emirates · founded 2022

43.7AI visibility
Evaluation models
Instant funding, One-step, Two-step
Maximum allocation
$200,000 (merge up to $300,000; scaling to $4M)
Profit split
80% (up to 95%)
Challenge fee from
$59.99 (Stellar 2-Step $6k)
Payout frequency
bi-weekly (24-hour processing guarantee)
Platforms
cTrader, Match-Trader, MT4, MT5

FundedNext is a proprietary trading firm based in Dubai, United Arab Emirates, founded in 2022. It offers one-step, two-step, instant-funding evaluations on forex, indices, commodities, crypto, futures. Funded accounts go up to $200,000 (merge up to…

3

The5ers

London, United Kingdom · founded 2016

35.3AI visibility
Evaluation models
Instant funding, One-step, Three-step, Two-step
Maximum allocation
$100,000 (scaling to $4,000,000)
Profit split
80% (up to 100%)
Challenge fee from
$19 (High Stakes $2.5k)
Payout frequency
monthly (on request; scaling at each 10% target)
Platforms
MT5

The5ers is a proprietary trading firm based in London, United Kingdom, founded in 2016. It offers one-step, two-step, three-step, instant-funding evaluations on forex, indices, commodities, crypto, futures. Funded accounts go up to $100,000 (scaling to $4,000,000).…

4

Topstep

Chicago, United States · founded 2012

27.9AI visibility
Evaluation models
One-step
Maximum allocation
$150,000
Profit split
90% (100% of first $10,000)
Challenge fee from
$49/month ($50K Combine)
Payout frequency
on demand (instant payouts after 5 winning days or 3-day consistency path)
Platforms
NinjaTrader, TopstepX, TradingView

Topstep is a proprietary trading firm based in Chicago, United States, founded in 2012. It offers one-step evaluations on futures. Funded accounts go up to $150,000. The profit split is 90% (100% of first $10,000). Broker…

5

FundingPips

Dubai, United Arab Emirates · founded 2022

21.3AI visibility
Evaluation models
Instant funding, One-step, Two-step
Maximum allocation
$100,000 (up to $200,000 on selected models)
Profit split
80% (60% weekly, 90% on demand, 100% monthly)
Challenge fee from
$29 ($5k 2-Step Pro)
Payout frequency
weekly (Tuesday), bi-weekly, on demand or monthly (split varies)
Platforms
cTrader, MT5

FundingPips is a proprietary trading firm based in Dubai, United Arab Emirates, founded in 2022. It offers one-step, two-step, instant-funding evaluations on forex, indices, commodities, crypto. Funded accounts go up to $100,000 (up to $200,000 on…

6

Apex Trader Funding

Austin, United States · founded 2021

16AI visibility
Evaluation models
One-step
Maximum allocation
$150,000 (up to 20 accounts)
Profit split
90% (100% of first $25,000)
Payout frequency
every 5 trading days
Platforms
NinjaTrader, Rithmic, Tradovate, WealthCharts

Apex Trader Funding is a proprietary trading firm based in Austin, United States, founded in 2021. It offers one-step evaluations on futures. Funded accounts go up to $150,000 (up to 20 accounts). The profit split is…

7

Goat Funded Trader

Hong Kong, Hong Kong · founded 2023

15.2AI visibility
Evaluation models
Instant funding, One-step, Three-step, Two-step
Maximum allocation
$400,000 (scaling to $2M)
Profit split
up to 100%
Payout frequency
on demand (first reward on demand; 2-business-day guarantee)
Platforms
cTrader, Match-Trader, MT5, TradeLocker, Volumetrica

Goat Funded Trader is a proprietary trading firm based in Hong Kong, Hong Kong, founded in 2023. It offers one-step, two-step, three-step, instant-funding evaluations on forex, indices, commodities, crypto, stocks, futures. Funded accounts go up to…

8

MyFundedFutures

United States · founded 2023

11.5AI visibility
Evaluation models
One-step
Maximum allocation
$150,000
Profit split
80% (90% on Rapid)
Challenge fee from
$153 ($25K Builder; $92 with promo)
Payout frequency
daily (Rapid) / every 48 hours (Builder) / bi-weekly (Pro)
Platforms
DeepCharts, Hyperprop, Quantower, Tradovate

MyFundedFutures is a proprietary trading firm based in United States, founded in 2023. It offers one-step evaluations on futures. Funded accounts go up to $150,000. The profit split is 80% (90% on Rapid).

9

Tradeify

Boca Raton, United States · founded 2024

11.1AI visibility
Evaluation models
Instant funding, One-step
Maximum allocation
$150,000 (up to $750K across accounts)
Profit split
90%
Payout frequency
daily (Select daily path) / every 5 days (Lightning Funded)
Platforms
NinjaTrader, Rithmic, Tradovate

Tradeify is a proprietary trading firm based in Boca Raton, United States, founded in 2024. It offers one-step, instant-funding evaluations on futures. Funded accounts go up to $150,000 (up to $750K across accounts). The profit split…

10

Instant Funding

London, United Kingdom · founded 2022

10.6AI visibility
Evaluation models
Instant funding, One-step, Two-step
Maximum allocation
$400,000 challenge / $80,000 instant (scaling to $3,840,000)
Profit split
80% (up to 90%)
Payout frequency
14 days after first trade then weekly (Instant); on demand (One-Phase)
Platforms
cTrader, Match-Trader, MT5

Instant Funding is a proprietary trading firm based in London, United Kingdom, founded in 2022. It offers one-step, two-step, instant-funding evaluations on forex, indices, commodities, crypto. Funded accounts go up to $400,000 challenge / $80,000 instant…

Full table (70)

#Prop firmAustralia scoreModelsMax allocationProfit splitPlatforms
1FTMO53.5One-step, Two-step$200,000 (scaling to $2M)80% (up to 90%; 90% on 1-Step)cTrader, DXtrade, MT4, MT5, TradingView
2FundedNext43.7Instant funding, One-step, Two-step$200,000 (merge up to $300,000; scaling to $4M)80% (up to 95%)cTrader, Match-Trader, MT4, MT5
3The5ers35.3Instant funding, One-step, Three-step, Two-step$100,000 (scaling to $4,000,000)80% (up to 100%)MT5
4Topstep27.9One-step$150,00090% (100% of first $10,000)NinjaTrader, TopstepX, TradingView
5FundingPips21.3Instant funding, One-step, Two-step$100,000 (up to $200,000 on selected models)80% (60% weekly, 90% on demand, 100% monthly)cTrader, MT5
6Apex Trader Funding16One-step$150,000 (up to 20 accounts)90% (100% of first $25,000)NinjaTrader, Rithmic, Tradovate, WealthCharts
7Goat Funded Trader15.2Instant funding, One-step, Three-step, Two-step$400,000 (scaling to $2M)up to 100%cTrader, Match-Trader, MT5, TradeLocker, Volumetrica
8MyFundedFutures11.5One-step$150,00080% (90% on Rapid)DeepCharts, Hyperprop, Quantower, Tradovate
9Tradeify11.1Instant funding, One-step$150,000 (up to $750K across accounts)90%NinjaTrader, Rithmic, Tradovate
10Instant Funding10.6Instant funding, One-step, Two-step$400,000 challenge / $80,000 instant (scaling to $3,840,000)80% (up to 90%)cTrader, Match-Trader, MT5
11Crypto Fund Trader7.7Instant funding, One-step, Two-step$200,000 (scaling to $1,280,000)80% (up to 90% via scaling)Bybit, Match-Trader, MT5
12Blue Guardian7.2Instant funding, One-step, Two-step$400,000up to 90% (100% on select plans)DeepCharts, Match-Trader, MT5, NinjaTrader, TradeLocker, TradingView, Tradovate
13FXIFY6Instant funding, One-step, Three-step, Two-step$400,00075% (up to 90%; 100% on FXIFY Futures)DXtrade, MT4, MT5, TradingView
14HyroTrader6One-step, Two-step$200,00080% (up to 90%)Bybit, Cleo, Tealstreet
15Rebels Funding5.6Instant funding, One-step, Three-step, Two-step$320,000 (account growth up to 200% of initial)75% (up to 90%)Proprietary
16Take Profit Trader4.4One-step$150,000 (up to 5 funded accounts)80% (90% on PRO+ live)MotiveWave, NinjaTrader, Quantower, R Trader, TradingView, Tradovate
17Maven Trading4.3Instant funding, One-step, Three-step, Two-step$100,00080%MT5
18Breakout Prop4.2One-step, Two-step$100,000up to 90%Proprietary
19Hola Prime4Instant funding, One-step, Two-stepup to $2M via Prime Circle scaling80% bi-weekly / 95% monthly (up to 90% Direct)Match-Trader, MT5
20Funded Trading Plus3.9Instant funding, One-step, Two-step$200,000 (scaling to $5M with add-on)80% (up to 100%)Match-Trader, MT5
21City Traders Imperium3.7Instant funding, One-step, Two-step$100,000 challenge / $80,000 instant (scaling to $4M)up to 100% (VIP tiers: Bronze 90%, Silver 100%)Match-Trader, MT5
22E8 Markets3.4One-step$500,00080% (configurable)cTrader, E8 Terminal, Match-Trader, MT5, TradeLocker
23TradeDay3.2One-step$150,00080% Funded Sim, 90% Funded Live (50/50 below $4k net profit on some plans)Jigsaw, Quantower, Rithmic, Tradovate
24DNA Funded (watch)3.2One-step, Two-step$600,00080% (90% with booster)TradeLocker
25Lucid Trading3Instant funding, One-step$150,000 (up to 5 funded accounts)—MotiveWave, NinjaTrader, Quantower, Rithmic, Tradesea, Tradovate
26Phidias Propfirm2.9One-step$150,000 (up to 15 accounts)80% (Premium 75% rising to 100% from 5th payout)DeepCharts, NinjaTrader, Rithmic, TradingView, Tradovate
27Alpha Capital Group2.9Instant funding, One-step, Three-step, Two-step$200,00080% (up to 90% with add-on)cTrader, DXtrade, MT5, TradeLocker
28FunderPro2.5Instant funding, One-step, Two-step$200,000 (scaling to $5M)80% (up to 90%)cTrader, MT5, TradeLocker
29Audacity Capital2Instant funding, One-step, Two-step$200,000 challenge (scaling to $2M; FTP instant up to $768K)up to 90%DXtrade, MT5
30Blueberry Funded1.8Instant funding, One-step, Two-step$200,000 (scaling to $2,000,000)80% (85% on Flex 1 Step; up to 90% via scaling)—
31Elite Trader Funding1.5Instant funding, One-step$150,000up to 100%NinjaTrader, Rithmic, TradingView, Tradovate
32OneUp Trader1.1One-step$250,000 (up to 3 funded accounts)90% (100% of first $10,000)Bookmap, Jigsaw, MotiveWave, MultiCharts, NinjaTrader, R Trader, Sierra Chart
33Earn2Trade0.8One-step$200,000 (Trader Career Path scales to $400K)80%BlackArrow, Finamark, NinjaTrader, Rithmic, TradingView, Tradovate
34BrightFunded0.8One-step, Two-step$200,000 (scaling to $400K)—cTrader, DXtrade, MT5
35Bulenox0.8Instant funding, One-step$150,000 (up to 5 Master-level accounts)90% (100% of first $10,000)ATAS, Bookmap, MotiveWave, MultiCharts, NinjaTrader, Quantower, R Trader Pro, Sierra Chart
36For Traders0.7Instant funding, One-step, Two-step$100,000 initial (up to $300,000 for Gold-tier Premium Program traders)up to 90%cTrader, MT5, TradeLocker
37Aqua Funded0.5Instant funding, One-step, Two-step$400,000 (scaling to $4M)90% (100% with add-on)cTrader, Match-Trader, MT5, TradeLocker
38SabioTrade0.5One-step$200,000 ($1,000,000 Supreme plan; no scaling)80% (90% on $100K and above)Proprietary
39FundYourFX (watch)0.5Instant funding———
40ThinkCapital0.4Instant funding, One-step, Three-step, Two-step$600,000 (manage up to $600K via scaling)up to 90%ThinkTrader, TradingView
41Trade The Pool0.4One-step$200,000 buying power (day trade); $40,000 (swing)—TraderEvolution
42The Trading Pit0Instant funding, One-step, Two-step$200,000 (scaling to $5,000,000)80% (Prime and Instant); 50% to 80% (Classic scaling)ATAS, NinjaTrader, Quantower, Rithmic, Sierra Chart, Tradovate
43Alpha Futures0Instant funding, One-step$150,000 per account (up to $750K in simulated funds)90%AlphaTrader, Quantower, TradingView, WealthCharts
44FTUK0Instant funding, One-step$200,000up to 80%DXtrade, Match-Trader, MT5, TradeLocker
45Fintokei0One-step, Three-step, Two-step$400,000 (ProTrader)80% (ProTrader); 90% (SwiftTrader); 50% to 100% (StartTrader); up to 95% via loyaltycTrader, MT5, TradingView
46FundedFirm0Instant funding, One-step, Two-step$100,000up to 100%MT5
47QT Funded0Instant funding, One-step, Two-step$200,000 (up to $300K simulated capital)70% (QT One); 80% (QT Two, QT Power); 100% (QT Instant)MT5, TradeLocker
48PipFarm0One-step$300,000 (scaling to $1.5M)70% (up to 95% via XP ranks)—
49BluSky Trading0Instant funding, One-step—90% (Direct 2 Funded 50% rising to 80%)NinjaTrader, Rithmic
50Prop Number One (watch)0—$300,000 (scaling from $7,000)up to 100%cTrader, DXtrade, MT4, MT5
51IC Funded0Instant funding, One-step, Two-step$500,00080% (up to 90% with add-ons)—
52Funded Futures Network0One-step$250,00080% (90% on Live Funded Pro or after $5,000 cumulative withdrawals)Rithmic
53Funded Trader Markets0Instant funding, One-step, Two-step$300,000 (up to $1M max allocation)up to 90% on evaluations (90% on first $10,000 for 1-Step Nitro); up to 80% on InstantcTrader, Match-Trader, MT5, TradeLocker
54Funding Traders0Instant funding, One-step, Two-step$400,000 (Instant); $200,000 (evaluations)80% to 100% (evaluations); 90% to 100% (Instant, 1-Step)MT5, TradeLocker
55Lark Funding0Instant funding, One-step, Three-step$200,00080% (90% on Instant)—
56Lux Trading Firm0Instant funding, One-step$1,000,000 (scaling to $10,000,000)80%Match-Trader, MT5, TraderEvolution, TradingView
57UProfit0One-step$150,000—TradingView, Tradovate
58Ascendx Capital0Two-step$200,00090%—
59Finotive Funding0Instant funding, One-step, Two-step$200,000——
60Hantec Trader0Instant funding, One-step, Two-step$100,000 (scaling to $200,000)75% (up to 90% with add-ons)—
61Leeloo Trading0One-step$300,000—ATAS, Bookmap, Jigsaw, MotiveWave, MultiCharts, NinjaTrader, Rithmic, Sierra Chart
62Ment Funding0One-step$2,000,000 direct (scaling to $5M)75% (90% with add-on); 80% on Equities—
63Monevis0Instant funding, One-step, Three-step, Two-step$100,000 (Instant capped at $50K allocation)50% (Instant); standard plans not capturedProprietary
64MyFlashFunding (watch)0Two-step$200,000up to 80% (90% add-on)Sway Charts
65NexGen Futures Trader0Instant funding, Two-step—90%Agena Trader, Bookmap, ProjectX, Quantower, Rithmic, Sierra Chart
66Nordic Funder0Instant funding, One-step, Three-step, Two-step$500,00080% (90% with add-on)cTrader, DXtrade, Match-Trader
67OFP Funding0Instant funding$300,00080% (100% option)Proprietary, TradingView
68Purdia Capital0Instant funding, One-step$100,00090%NinjaTrader, TradingView, Tradovate
69TopTier Trader (watch)0One-step, Two-step———
70Traders With Edge0Instant funding, One-step, Two-step$1,000,000 (scaling to $3M; institutional path up to $30M after 2 years)80%MT5

How this ranking works: the score is the Pipswire AI Visibility Index for Q3 2026 (method 1.1) — 2,344 answers from ChatGPT, Perplexity, Gemini, Claude, Google AI Mode, AI Overviews and the Google top ten across 16 markets, combining how often a firm is named (40%), whether and how high it is recommended (30%), the tone of the mention (15%) and whether the engine cites the firm's own site (15%). It measures visibility, not quality: a high score means AI assistants recommend the firm often, not that it is right for you. Closed firms are excluded. Full index and CSV (CC BY 4.0).

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Risk warning: prop firms are not regulated brokers or investment firms. Evaluations are paid, fees are usually non-refundable, most accounts are simulated, and a firm can change its rules or stop paying out. Most participants fail the evaluation. Nothing on this page is financial advice; read the firm's terms before you pay.