The prop trading industry continues evolving. Here are 5 new firms launched in late 2024:

1. Alpha Capital Group (October 2024, London)

1-step evaluation, 7% target, 90% profit split day one, no time limits, weekend/news trading allowed
Pricing: $10k: $99, $25k: $189, $50k: $339
Notable: Low targets with high splits, early reviews positive

2. Peak Funded Traders (November 2024, Dubai)

Instant funding option (no evaluation), pay higher fee skip challenge, 85% split, crypto and forex focus
Pricing: Instant $10k: $399, Regular from $79
Notable: First major firm offering legitimate instant funding

3. Momentum Trader Funding (September 2024, Sydney)

Swing trader friendly (no min days), 12% target but 90 days, 90% split, 2% daily loss limit, perfect for part-time
Pricing: $5k: $49, $15k: $129, $50k: $299
Notable: Finally a firm for swing traders with day jobs

4. Velocity Prop Trading (October 2024, Singapore)

Focus on Asian session traders, 24/7 multilingual support, crypto pairs, 80% split scales to 90%
Pricing: $10k: $119, $25k: $249, $100k: $599
Notable: First major firm targeting Asian timezone

5. Tradeify Capital (December 2024, Toronto)

AI-powered trade analysis, educational resources, 85% split, free retake after 30 days (unique)
Pricing: $10k: $99, $25k: $199, $50k: $349
Notable: AI feedback integration and free retakes

Red Flags: These are new - limited track records. Start with smallest sizes to test. Check reviews monthly.

Which to Try?

Day Traders: Alpha Capital Instant Funding: Peak Funded Swing Traders: Momentum Trader Asian Traders: Velocity Prop Learning: Tradeify Capital

Our Take: These firms bring fresh competition. However, we recommend starting with established firms (FTMO, The5ers) for first account. Once comfortable, diversify to newer firms.

All offering launch discounts. Use PropFirmScan for best deals and cashback!