Top 8 Free Prop Firm Competitions to Join in November 2026
Prop firm competitions offer one of the most asymmetric opportunities in retail trading: zero financial risk with the chance to secure real cash and six-figure funded accounts.
In November 2026, leading prop firms are distributing more than $5,500,000 in evaluation accounts, instant funding, and cash prizes. Because most competitions kick off on the 1st of the month, early registration and rule comprehension are essential to avoid early disqualification.
Quick Summary & Key Takeaways
Eight major prop firms are hosting free-entry trading competitions throughout November 2026. The largest prize pools belong to SFX Funded ($1M), FXIFY ($1M), and Blue Guardian ($775K+). Most firms enforce static overall drawdown limits between 8% and 10% alongside a 4% to 5% daily limit. Use exclusive codes STRYCT and STRYCT15 for free access.
Quick Comparison: November 2026 Trading Competitions
| Prop Firm | Prize Pool | 1st Place Reward | Platforms | Key Restrictions | Promo Code |
|---|---|---|---|---|---|
| SFX Funded | $1,000,000 | 400K Instant + $200 Cash | Match-Trader | No HFT, KYC Required | — |
| FundedNext | $368,000 | $5,000 Cash + 20K Instant | MT5 | No EAs or Copy Trading | STRYCT |
| FXIFY | $1,000,000 | $400,000 Challenge | MT5 & Brokers | No EAs | FXIFY9NT5YP |
| Blue Guardian | $776,000 | $500 Cash + 200K Instant | MT5 | No EAs | STRYCT |
| WeMasterTrade | $729,500 | $200K Instant Package | MT5 | 30% Consistency Rule | STRYCT |
| FundingPips | $680,000 | 100K Eval + $1,500 Cash | All Supported | Standard Rules | — |
| Goat Funded Trader | $604,500 | $1,500 Cash + 200K Instant | MT5 | No EAs, Winner Interview | — |
| Audacity Capital | $410,000 | $200K Ability Challenge | DXTrader, MT5 | No EAs or Copy Trading | — |
1. 
SFX Funded, November Competition
SFX Funded leads the month with a massive $1,000,000 prize pool that combines instant funding, evaluation accounts, and cash rewards.
- Dates: November 1, 2026 → November 30, 2026
- Trading Platform: Match-Trader
- Prize Highlights:
- 1st Place: 400K Instant Account + $200 Cash
- 2nd Place: 300K Instant Account + $150 Cash
- 3rd Place: 200K Instant Account + $100 Cash
- Ranks 4-50: Tiered instant accounts and evaluation challenges
- Drawdown Rules: 4% max daily loss (calculated on balance/equity, including floating trades) and 8% static max overall loss from starting capital.
- Trading Conditions: News trading, weekend holding, and overnight holding are fully permitted. Expert Advisors (EAs) are allowed, but High-Frequency Trading (HFT) is strictly prohibited. One account per trader; identity verification (KYC) is required before prizes are credited.
Join SFX FundedFree Entry • Ends Nov 30
2. 
FundedNext, November Trading Competition
FundedNext continues its monthly competition series with substantial cash rewards alongside funded accounts.
- Dates: November 1, 2026 → December 1, 2026
- Entry Fee / Code: Free entry with code
STRYCT - Trading Platform: MetaTrader 5 (MT5)
- Prize Highlights:
- 1st Place: $5,000 Cash + 20K Stellar Instant Account
- 2nd Place: $2,000 Cash + 20K Stellar Instant Account
- 3rd Place: $1,000 Cash + 20K Stellar Instant Account
- 4th, 10th Place: Free challenge accounts
- Drawdown Rules: 5% equity-based daily loss and 10% static max overall loss.
- Trading Conditions: EAs and copy trading are strictly prohibited during tournament play. Manual execution only.
Join FundedNextFree Entry • Ends Dec 1
3. 
FXIFY, November $1M Challenge Account Competition
FXIFY delivers an evaluation-heavy contest designed for traders aiming to manage substantial institutional capital.
- Dates: November 1, 2026 → November 30, 2026
- Prize Highlights:
- 1st Place: $400,000 Challenge Account
- 2nd Place: $200,000 Challenge Account
- 3rd, 4th Place: $100,000 Challenge Account each
- 5th, 12th Place: $10,000 to $50,000 Challenge Accounts
- All Participants: Exclusive discount vouchers
- Drawdown Rules: 5% daily loss based on previous day's balance, and 10% overall loss from initial balance.
- Trading Conditions: No minimum trading days required. Automated trading via EAs is prohibited.
Join FXIFYFree Entry • Ends Nov 30
4. 
Blue Guardian, November Competition
Blue Guardian structures its tournament around its popular Unlimited plan framework.
- Dates: November 1, 2026 → December 1, 2026
- Entry Fee / Code: Free entry with code
STRYCT - Trading Platform: MT5
- Prize Highlights:
- 1st Place: $500 Cash + 200K Instant Funded Account
- 2nd Place: $300 Cash + 100K Instant Funded Account
- 3rd Place: $200 Cash + 50K Instant Funded Account
- Additional Tiers: 50K and 100K Unlimited evaluation accounts
- Drawdown Rules: 4% max daily loss and 8% max overall loss.
- Trading Conditions: News trading is permitted. EAs and bots are strictly banned.
Join Blue GuardianFree Entry • Ends Dec 1
5. 
WeMasterTrade, November Competition
WeMasterTrade features one of the most generous instant-funding distributions, paired with a mandatory risk discipline metric.
- Dates: November 2, 2026 → December 2, 2026
- Entry Fee / Code: Free entry with code
STRYCT - Trading Platform: MT5
- Prize Highlights:
- 1st Place: $200,000 Instant 51010 Package
- 2nd Place: $100,000 Instant 51010 Package
- 3rd Place: $50,000 Instant 51010 Package
- Ranks 4-20: Tiered instant funding packages and evaluation accounts
- Drawdown Rules: 5% daily loss and 10% static overall loss (no trailing drawdown).
- Consistency Rule: A single trading day's net profit cannot exceed 30% of your total net profit over the competition window. This prevents one-trade gambles from taking the leaderboard.
Join WeMasterTradeFree Entry • Ends Dec 2
6. 
FundingPips, November Trading Competition
FundingPips offers balanced cash rewards and evaluation packages for high performers across multiple asset classes.
- Dates: November 1, 2026 → December 1, 2026
- Trading Platform: All supported platforms
- Prize Highlights:
- 1st Place: 100K Evaluation Account + $1,500 Cash
- 2nd Place: 100K Evaluation Account + $1,200 Cash
- 3rd Place: 100K Evaluation Account + $1,000 Cash
- 4th, 5th Place: 100K Evaluation Account + $550-$750 Cash
- 6th, 50th Place: $10K to $50K Evaluation Accounts
- Drawdown Rules: Governed by standard FundingPips evaluation drawdown guidelines.
Join FundingPipsFree Entry • Ends Dec 1
7. 
Goat Funded Trader (GFT), November Trading Competition
GFT provides instant funding accounts and upfront cash prizes, with live verification for podium finishers.
- Dates: November 1, 2026 → December 1, 2026
- Trading Platform: MT5
- Prize Highlights:
- 1st Place: $1,500 Cash + 200K Instant GOAT Account
- 2nd Place: $1,000 Cash + 100K Instant GOAT Account
- 3rd Place: $800 Cash + 50K Instant GOAT Account
- 4th, 10th Place: $100-$500 Cash + 15K, 25K Instant GOAT Accounts
- Drawdown Rules: 5% max daily loss and 10% max overall loss.
- Trading Conditions: News trading and weekend holding are allowed. EAs are prohibited. The top 5 winners must complete a verification interview before prizes are dispersed.
Join Goat Funded TraderFree Entry • Ends Dec 1
8. 
Audacity Capital, AudaCity Traders Cup
Audacity Capital provides institutional execution conditions and scaling paths through its Ability Challenge accounts.
- Dates: November 1, 2026 → November 30, 2026
- Trading Platform: DXTrader, MT5
- Prize Highlights:
- 1st Place: $200,000 Ability Challenge Account + Max Leverage & Scaling
- 2nd Place: $100,000 Ability Challenge Account + Institutional Execution
- 3rd Place: $50,000 Ability Challenge Account + Dedicated Support
- 4th, 10th Place: $15,000-$25,000 Ability Challenge Accounts
- Drawdown Rules: 5% equity-based daily loss and 10% static overall loss.
- Trading Conditions: Manual trading only. Automated systems, EAs, and copy trading are strictly disallowed.
Join Audacity CapitalFree Entry • Ends Nov 30
Key Tactical Advice for Winning Prop Firm Competitions
- Watch Daily Drawdown Traps: Most disqualifications occur not from the overall 10% limit, but from intraday floating drawdowns breaching 4% or 5%. Keep open positions sized conservatively during volatile market opens.
- Respect the Consistency Metric: In contests like WeMasterTrade, a massive single-day home run can void your victory if it exceeds 30% of total gains. Spread your trade execution evenly across the month.
- Verify Execution Restrictions: If your strategy depends on automated bots or EAs, SFX Funded is your primary viable choice this month. The remaining seven competitions strictly mandate manual trading.
Key Takeaways
- •Protect daily loss buffer before targeting maximum drawdown limits.
- •Consistency rules require active profit dilution on future trading days.
- •Always size positions based on cash stop distance.
Important Warning
- •Overleveraging to recover from early morning losing trades.
- •Ignoring weekend holding restrictions on swing positions.
- •Forgetting that trailing equity drawdowns lock in unrealized peak profits.
Frequently Asked Questions
Got Questions? Here Are The Answers
How does this affect my challenge evaluation?
Proper sizing and loss floor monitoring prevents the 85% of breaches caused by rule misunderstandings.
Can I use this formula for live funded accounts?
Yes, the risk math applies identically across funded and evaluation accounts.