The Best Prop Firm in Australia for 2026
Trade funded capital up to $400K. Keep 90%. From $49, refunded when you pass.
Australian traders use FundedFast to turn the Asian and London sessions into a funded career. Start from a $49 challenge, trade on MatchTrader with no time limits, and keep up to 90% of your profits. No local broker required.
FundedFast is one of the top prop firms for Australian traders thanks to a $49 entry refunded on the first payout, a 90% profit share, and direct trading of the Asian and London sessions on simulated capital up to $400K with no time limits. We accept Bank Transfer, PayPal, and crypto -- the lowest entry fee among the top five firms available to Australian residents. FundedFast is not licensed by ASIC; we provide simulated evaluations, not CFDs to retail clients, and therefore sit outside ASIC's CFD Product Intervention Order.
At a glance
- Payment methods
- Bank Transfer (SWIFT)PayPalCrypto (USDT/USDC)
- Payout currencies
- USDEUR
- Popular challenge sizes
- $10K$50K$100K
- Timezone
- AEST / AEDT (UTC+10 / UTC+11)
- Best trading hours
- 16:00–00:00 AEST (London session start)
- Legal status
- Allowed
Top prop firms in Australia for 2026. And how FundedFast compares
The best prop firm in Australia depends on what you actually need. Lower entry, higher profit split, longer evaluation windows, or faster payouts. Below is FundedFast lined up against four firms Australia traders most often evaluate: FTMO, FundingPips, FundedNext and E8 Funding. Every figure comes from each firm's current public terms. Not an affiliate network.
- $49 2-phase entry. Refunded on your first payout
- Up to 90% profit split. 80/20 default, 90% available at checkout
- No time limit. Evaluations run on your schedule, no 30-day pressure
- Accounts from $5K up to $400K on MatchTrader
- Malta-based prop firm. Simulated evaluations, not a broker
- Min entry
- $49
- Profit split
- Up to 90%
- Time limit
- None
- Phases
- 1-Phase or 2-Phase
- Min entry
- $32
- Profit split
- 80-95%
- Time limit
- Varies by program
- Phases
- 4 program types
Competitor terms sourced from each firm's public pricing page. Last reviewed April 18, 2026. Rechecked quarterly.
Why most Australia traders pick FundedFast
Crypto payouts in USDT/USDC clear faster than SWIFT to AU banks. Our $49 2-phase entry is fair on price. And one of the few that refunds the entry fee on your first payout. There's no 30-day countdown telling you when to trade. Evaluations run on your schedule. Evaluations fit the Sydney and Tokyo sessions without the 30-day pressure of 2-phase-only firms. If you're comparing the best prop firms in Australia and want to test our rules without committing serious capital, the $5K 2-Phase challenge is $49 and comes back on your first withdrawal.
Reviewed by John McLaren, Trading Industry Writer · Malta-based prop firm operating since 2023 · Last reviewed April 18, 2026
What to know in Australia
Prop trading evaluations are permitted for Australian residents. FundedFast is a Malta-based prop firm providing educational simulated challenges on demo accounts. We do not hold an Australian Financial Services Licence (AFSL). AFSL requirements apply to financial service providers dealing with retail clients — our educational simulated challenges fall outside that scope.
FundedFast is a prop firm based in Malta. We provide educational simulated trading challenges on demo accounts. We are not a broker and are not regulated by any financial authority.
Last reviewed: April 18, 2026
Taxes on funded trader payouts in Australia
Funded trader payouts are typically assessable income for ATO purposes. Classification (business vs investment) affects deductions and CGT treatment. Report via your individual tax return or business schedule. Consult a registered tax agent familiar with trading income before filing.
General guidance only. Confirm with a local tax advisor before filing.
Are prop firms legal under ASIC for Australian traders?
FundedFast is legal for Australian traders to use because we sell simulated evaluations, not Contracts for Difference, and therefore sit outside ASIC's CFD Product Intervention Order which is in force until 23 May 2027. The PIO governs CFD distribution to retail clients (30:1 leverage cap on forex majors, mandatory negative balance protection) and does not apply to evaluation-service providers. ASIC has stated it is monitoring the prop trading sector as part of broader CFD distribution surveillance, but as of May 2026 there are no published ASIC enforcement actions against legitimate prop firms operating an evaluation model.
How does the ATO tax prop firm payouts for Australian residents?
The Australian Taxation Office classifies active prop trading income as assessable business income, not capital gains -- the 50% CGT discount does not apply to funded-account payouts. Income is reported on your individual return or business schedule depending on how the activity is structured. Occasional, non-systematic traders may fall under capital classification, but for anyone trading a funded prop account regularly, the business-income classification applies. Consult a registered tax agent familiar with trading income before filing.
Frequently asked questions for traders in Australia
Can Australian residents use FundedFast?
Yes. Australian traders can purchase any challenge, trade the evaluation on MatchTrader, and receive payouts once funded. Standard video KYC applies within 7 days of your first payout. Passport or driver's licence works.
How are Australian payouts delivered?
Payouts are issued in USD or EUR via SWIFT bank transfer, PayPal, or cryptocurrency. AUD is not a payout currency. Most Australian traders convert via Wise, their bank, or hold USD in a linked multi-currency account.
How is prop trading income taxed in Australia?
ATO typically treats funded trader payouts as assessable income. Classification as business income vs investment activity affects deductions and CGT. Report on your individual tax return. Consult a registered tax agent for personalised advice.
Does FundedFast hold an AFSL?
No. AFSL licensing applies to entities providing financial services to retail clients. FundedFast provides educational simulated challenges on demo accounts. No real client funds are held or managed, so no AFSL is required for this activity.
Can I trade ASX stocks or the ASX 200?
Partial. The ASX 200 (AUS200) is available as an index CFD via MatchTrader. Individual ASX-listed equities are not offered. You have access to 60+ forex pairs and the major global indices including US500, NAS100, DAX, UK100, and AUS200.
What happens when ASIC's CFD Product Intervention Order expires in May 2027?
As of May 2026, ASIC has indicated it will consult on next steps in 2026 before the current CFD PIO expires on 23 May 2027. The PIO governs CFD distribution to retail clients, not prop firm simulated evaluations, so FundedFast operations are not directly affected by the consultation. The most likely outcome is a renewal of the existing leverage and negative-balance-protection regime, which has been in force since March 2021 and has materially reduced retail CFD harms per ASIC's REP 828 January 2026 review.
Ready to get funded in Australia? Start your $49 challenge.
Start ChallengeFundedFast in other countries
- IndiaFastest-growing prop trading market, ideal for Asian session traders
- BrazilRapidly growing prop trading community in Latin America
- United KingdomTrade the London session with deep liquidity across all assets
- NigeriaAfrica's largest and most active trading community
- South AfricaTrade London & Asian session overlap for maximum opportunity
- CanadaFull New York session access, strong forex trading culture
- GermanyEU-based like FundedFast, trade the Frankfurt session
- MalaysiaActive Asian session community with growing trader base
- ItalyEU-based with SEPA payouts, trade the Milan and London sessions
- IndonesiaSoutheast Asia's fastest-growing trading community, crypto payouts to IDR
- KenyaEast Africa's mobile-money trading hub, crypto payouts off-ramp to M-Pesa
- SingaporeAsia's financial hub with fast USD bank payouts and licensed crypto off-ramps
Start your Australia challenge today.
From $49. No time limits. Up to 90% profit share. Fee refunded on your first payout.