The Best Prop Firms in Australia for 2026, Compared
Trade funded capital up to $400K. Keep up to 90%. From $49, refunded on your first payout.
Australian traders can trade the Asian and London sessions directly on a FundedFast account, with simulated capital up to $400K and no time limits; Bank Transfer, PayPal and crypto all work. The $49 entry comes back on your first payout, and profit share defaults to 80% with a 90% add-on sold on $50K+ One-Phase and $100K+ Two-Phase accounts. FundingPips, FundedNext and E8 all open below our $49 entry, and ours is refunded on your first payout; Australian traders can also test our rules for free every two weeks via the FundedFast Open. 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.
Australian traders build a funded career around the Asian and London sessions with FundedFast, no local broker needed. Entry starts at $49 on MatchTrader, with an 80% profit share by default and the 90% add-on sold on $50K+ One-Phase and $100K+ Two-Phase accounts, and the evaluation carries no time limit.
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
- 22:00-02:00 AEST (London/New York overlap)
- Legal status
- Allowed
When do global trading sessions align with an Australian day?
Australian traders can reach every major forex session without rebuilding their day around London or New York hours. The Sydney and Tokyo sessions overlap through the Australian business day, from roughly 10:00 to 17:00 AEST/AEDT. The single most liquid window worldwide, when London and New York overlap, falls late at night in Australia, roughly 22:00 to 02:00 AEST (a little later at some points in the year, since UK and US daylight saving transitions do not line up with Australia's). FundedFast evaluations carry no time limit, so Australian traders are not forced to trade that overnight window if it does not suit their schedule.
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 internationally available prop firms Australia traders can also access: FTMO, FundingPips, FundedNext and E8 Funding. Figures come from each firm's published pricing, verified on the date shown with the table. Not an affiliate network.
Ownership disclosure: FundedFast operates this website, and FundedFast challenges appear in the comparisons below. Every firm, including ours, is assessed against the same published criteria, and we link to each competitor so you can verify our numbers yourself. How we rank and earn is documented in our editorial policy. Read our editorial policy
- $49 2-phase entry. Refunded on your first payout
- Up to 90% profit split. 80/20 default; the 90% add-on is sold on $50K+ 1-Phase and $100K+ 2-Phase accounts
- No time limit. Evaluations run on your schedule, no 30-day pressure
- Accounts from $3K (1-Phase) or $5K (2-Phase) 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
- $91 (EUR 79)No refund at this entry price
- Profit split
- 80-90%
- Time limit
- None
- Phases
- 1-Step and 2-Step
- Min entry
- $32
- Profit split
- 80-95%
- Time limit
- Varies by program
- Phases
- 4 program types
- Min entry
- $32No refund at this entry price
- Profit split
- 80%, 90% or 100%
- Time limit
- None
- Phases
- Multiple programs
Competitor terms sourced from each firm's public pricing page. Last verified August 6, 2026.
Why Australia traders choose FundedFast
Crypto payouts in USDT/USDC clear faster than SWIFT to AU banks. Our $49 2-phase entry is fair on price, and the fee comes back on your first payout, as it does at every firm on this list except E8 Funding. 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 2024 · Last reviewed August 17, 2026
Where do independent reviewers cover FundedFast for Australian traders?
Independent, Australia-facing publishers cover FundedFast alongside other prop trading firms. Investing.com's Australian edition maintains its own review page for FundedFast, separate from the site's global pages. DailyForex includes FundedFast in an Australia-specific roundup of prop trading firms. Myfxbook, an independent trading-community platform, also publishes a FundedFast review. Each of these is written and published by the outlet itself under its own editorial process, not by FundedFast.
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: August 17, 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, so 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. FundedFast does not hold an Australian Financial Services Licence (AFSL). AFSL licensing applies to entities providing financial services to retail clients. What we sell is an educational simulated challenge on a demo account: no real client funds are held or managed, and we do not execute trades on your behalf or give financial advice. Because we are not AFSL-licensed, none of the protections that licensing provides apply to your purchase.
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 40+ 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
- SpainEU-based with SEPA payouts in EUR, card and PayPal accepted at checkout
Start your Australia challenge today.
From $49. No time limits. Up to 90% profit share. Fee refunded on your first payout.
Additional resources
- Australian Securities and Investments Commission (ASIC): CFD Product Intervention Order
- Australian Securities and Investments Commission (ASIC): What is an AFS licence
- Australian Taxation Office (ATO): Share investing versus share trading
- Investing.com Australia: FundedFast Review
- DailyForex: 6 Best Prop Firms in Australia
- Myfxbook: FundedFast Prop Firm Review