Best Prop Firm Evaluations Under $200
A 100K evaluation under $200 is mostly the territory of subscription-priced futures firms and discount cycles on the major forex challenges. The list below filters every firm we screen for a 100K-equivalent fee below the $200 line.
A cheap evaluation fee is not a free funded account — it is a cheap simulated assessment with a sub-15% pass rate. Use the price floor to test a strategy without sinking $500 on one attempt, then move to the firm whose rules actually fit your strategy. The cheapest firms are almost always not the firms with the best funded experience.
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Frequently asked questions
Are cheap evaluations a scam?
No, but they are a marketing funnel. The firm makes money on volume of failed evaluations, not on funded payouts. A 12% pass rate at a "50 fee is the typical mathematical model.
Why do futures firms tend to be cheaper?
Because most price on monthly subscription rather than one-time fee. The $50 to $80 monthly recurring revenue compounds well on the firm side and produces low headline prices.
Do cheap firms pay out reliably?
The cheapest established firms (Apex, MFFU, FundingPips, FXIFY) have multi-million cumulative payout records. New firms with sub-"00 evaluations and no payout history should be treated with caution.