Best Prop Firms in Australia in 2024

Let’s analyse the best four prop firms in Australia:

Comparison of the best prop firms in Australia in 2024

(Scroll/swipe the table to your left ← or right → to view all providers)

RebelsFunding is one of the best prop firms in Australia. It offers traders (in Melbourne, Brisbane, Sydney & other parts of Australia) one of the most affordable programs, and an access to an advanced trading platform/tools.

What criteria should I consider when choosing a prop firm in Australia?

1. Reputation and the potential to be sustainable: What is the reputation of the prop firm, and does it have the potential to stand the test of time?

This is the first and most important question to ask when choosing a prop firm.

You want to choose a firm that has a good reputation (on Trustpilot review), is reliable (and would not cease operations overnight because of a new regulatory policy from a third party platform they utilise).

Lately, we’ve seen several firms go down because they could not meet the new requirement of their third party trading software, MetaTrader.

This tragedy is averted with an in-house trading platform.

2. Fee & profit-split model: What is their fee and profit sharing structure? Affordability and profit is also essential to most of us.

In a difficult economic situation, you want a place where you can get funded with a small budget and gradually grow financially (or scale up).

3. Trading support tools: What tool(s) does the firm offer to traders to help/enhance trading experience and performance? Is their trading platform reliable, user-friendly & feature-rich?

Choose a firm with a helpful/friendly customer support & community, a firm that provides educational resources to help you become a better trader.

Also, you want to consider the trading platform. You want a modern and user-friendly trading platform with features that can help you succeed. One of such platforms is the RF-Trader.

It is integrated with TradingView chart, it has a risk management calculator, you can view the ask and bid charts (spread history) and make informed speculations.

4. Does the firm match my trading style and goal(s)? This is another useful question. Yes, you also need a firm where you can function well.

Most of the firms on the table match all trading styles and goals (with a no time limit offer that gives you the freedom to make sound decisions). They offer a variety of training programs that cater to different levels of experience.

How to get a funded trading account in Australia?

To get a funded trading account, you have to purchase a program (probably from one of the cheapest prop firms), pass a few evaluation stages or challenges, and get funded.

Why the evaluation period? The evaluation period allows the firm to assess your trading skills; risk management skills & profitability.