Prop trading has grown rapidly in Australia, especially among traders who want access to large capital without risking their own savings.
I’ve personally researched, tested, and reviewed multiple international prop firms that accept Australian traders, and in this blog, I’ll share my real experience in a simple and easy-to-understand way.
What Is a Prop Trading Firm? (Simple Explanation)
A proprietary trading firm provides you with trading capital once you pass a trading challenge. You trade their funds, and profits are split between you and the firm.
Why Australian Traders Choose Prop Firms
- No need to risk personal capital
- Access to large funded accounts
- Fixed maximum risk
- Ability to scale accounts over time
- Trade from anywhere in Australia
Basic Requirements to Join a Prop Firm in Australia
From my experience, most prop firms require:
- Minimum age: 18 years
- Valid ID (Passport or Driver’s License)
- Email & payment method (card, crypto, or Wise)
- Basic trading knowledge
Registration Time For Prop Firms in Australia
- Sign-up: 5–10 minutes
- Account delivery: Instant to 24 hours
- KYC (if required): 1–3 business days
How I Choose a Prop Firms in Australia
Before selecting any firm, I personally check these points:
Key Criteria
- Profit split (80% or higher)
- Drawdown rules (realistic, not traps)
- Trading platforms (MT4, MT5, cTrader, NinjaTrader)
- Payout reliability
- Trustpilot rating
- Scaling opportunities
- News & weekend trading rules
Top 10 Best Prop Firms in Australia for Australian Traders
1. FTMO
FTMO is one of the most established and professional prop firms globally. Australian traders trust it for its consistency, strong rules, and long history of reliable payouts.
Best Overall Prop Firm
Official Website: ftmo.com
Trustpilot Rating
⭐ ~4.5/5
Feature That Makes the Prop Firm Stand Out
Industry-leading reputation, advanced trader analytics, and extremely reliable payouts.
Challenge Types
2-step evaluation
Trading Platforms
MT4, MT5, cTrader
Profit Split
Up to 90%
Pros and Cons
Pros
- Industry-leading reputation
- Advanced trader analytics
- Very fast payouts
Cons
- Strict daily drawdown
- Higher challenge fee
Recommended For
Disciplined and professional traders
2. The5ers
The5ers focuses on low-risk and long-term trading, ideal for traders who value consistency.
Best for Low-Risk Traders
Official Website: the5ers.com
Trustpilot Rating
⭐ ~4.6/5
Feature That Makes the Prop Firm Stand Out
Low-risk trading model with no time pressure and strong scaling plans.
Challenge Types
Instant funding & evaluation
Trading Platforms
MT5
Profit Split
Up to 100% (scaled)
Pros and Cons
Pros
- No time pressure
- Strong scaling plans
Cons
- Lower leverage
- Forex-focused
Recommended For
Swing & conservative traders
3. FundedNext
FundedNext offers flexible rules and early payouts, making it beginner-friendly.
Best for Flexible Rules
Official Website: fundednext.com
Trustpilot Rating
⭐ ~4.4/5
Feature That Makes the Prop Firm Stand Out
Early payout option and flexible trading conditions.
Challenge Types
1-step & 2-step
Trading Platforms
MT4, MT5
Profit Split
Up to 90%
Pros and Cons
Pros
- Early withdrawal option
- Weekend trading allowed
Cons
- Scaling rules are moderate
Recommended For
New and growing traders
4. Alpha Capital Group
Designed for scalpers and intraday traders with tight spreads.
Best for Scalpers
Official Website: alphacapitalgroup.uk
Trustpilot Rating
⭐ ~4.3/5
Feature That Makes the Prop Firm Stand Out
Tight spreads and fast execution.
Challenge Types
2-step
Trading Platforms
MT5
Profit Split
80–90%
Pros and Cons
Pros
- Competitive spreads
- Professional environment
Cons
- News trading restrictions
Recommended For
Day traders & scalpers
5. Funding Pips
Built for aggressive traders seeking high leverage.
Best for Aggressive Traders
Official Website: fundingpips.com
Trustpilot Rating
⭐ ~4.2/5
Feature That Makes the Prop Firm Stand Out
High leverage with simple challenge rules.
Challenge Types
Evaluation-based challenges
Trading Platforms
MT4, MT5
Profit Split
Up to 90%
Pros and Cons
Pros
- Simple rules
- High leverage
Cons
- Risky for beginners
Recommended For
High-risk, high-reward traders
6. FXIFY
Known for fast withdrawals and flexible rules.
Best for Fast Withdrawals
Official Website: fxify.com
Trustpilot Rating
⭐ ~4.4/5
Feature That Makes the Prop Firm Stand Out
Quick payout processing and flexible conditions.
Challenge Types
Evaluation challenges
Trading Platforms
MT4, MT5
Profit Split
90%
Pros and Cons
Pros
- Quick withdrawals
- Flexible trading conditions
Cons
- Newer firm
Recommended For
Income-focused traders
7. Blue Guardian
Focused on fast account scaling after consistency.
Best for Scaling Accounts
Official Website: blueguardian.com
Trustpilot Rating
⭐ ~4.3/5
Feature That Makes the Prop Firm Stand Out
Fast scaling plans for consistent traders.
Challenge Types
Evaluation-based challenges
Trading Platforms
MT4, MT5 (limited options)
Profit Split
Up to 90%
Pros and Cons
Pros
- Fast scaling plans
- Competitive pricing
Cons
- Fewer platform options
Recommended For
Growth-oriented traders
8. The Funded Trader
Flexible challenges with a strong trader community.
Official Website: thefundedtraderprogram.com
Trustpilot Rating
⭐ ~4.1/5
Feature That Makes the Prop Firm Stand Out
Multiple challenge options and active community.
Challenge Types
Multiple evaluation models
Trading Platforms
MT4, MT5
Profit Split
Up to 90%
Pros and Cons
Pros
- Multiple challenge options
- Community support
Cons
- Rule changes over time
Recommended For
Adaptive traders
9. Topstep
Futures-only prop firm emphasizing discipline.
Best for Futures Traders
Official Website: topstep.com
Trustpilot Rating
⭐ ~4.6/5
Feature That Makes the Prop Firm Stand Out
Strong education and strict risk management.
Challenge Types
Futures evaluation programs
Trading Platforms
NinjaTrader
Profit Split
90%
Pros and Cons
Pros
- Strong education
- Clear risk limits
Cons
- Futures learning curve
Recommended For
Futures traders
10. Apex Trader Funding
Explanation: Affordable futures prop firm with frequent discounts.
Best Budget Futures Prop Firm
Official Website: apextraderfunding.com
Trustpilot Rating
⭐ ~4.4/5
Feature That Makes the Prop Firm Stand Out
Low-cost challenges and frequent promotions.
Challenge Types
1-step futures challenge
Trading Platforms
NinjaTrader
Profit Split
90%
Pros and Cons
Pros
- Affordable entry
- Simple structure
Cons
- Futures only
Recommended For
Budget-friendly futures traders
Final Thoughts (My Honest Opinion)
For Australian traders, prop firms offer one of the best ways to scale trading without risking personal capital.
My Recommendations
- Beginners: FundedNext, The5ers
- Experienced traders: FTMO, Alpha Capital
- Futures traders: Topstep, Apex
👉 Always start small, respect drawdown rules, and treat prop trading like a real business.
FAQ – Prop Firms in Australia
Are prop firms legal in Australia?
Yes. Most operate internationally and legally accept Australian traders.
Do I need an ABN?
No, prop firms generally do not require an ABN.
How do Australians receive payouts?
Via Wise, crypto, or international bank transfer.
Are profits taxable in Australia?
Yes. Profits are usually taxable—consult a local accountant.
