Best Prop Firms for Australian Traders 2026

Updated 10 November 2026. Eligibility, rules and payout details checked on each firm’s own website on the dates shown in the sources.

Most of the big prop firms accept traders who live in Australia. A handful do not, and the surprise is who: the firms turning Australians away are mostly the ones linked to brokers with Australian licences. FTMO, the best known firm of all, now serves Australians through a separate Australian company that holds a financial services licence, which changes the leverage and the account you can buy. This guide covers who accepts you, what the Australian rules change, when each firm’s trading day resets in your time zone, and how payouts reach an Australian bank account.

Quick picks for Australian traders

Reset times are for Sydney, Melbourne, Canberra and Hobart between now and 14 March 2027. Brisbane is an hour earlier, Adelaide 30 minutes earlier and Perth three hours earlier. The hours section below has every city, and our trading hours guide covers the rest of the year.

Not on the list does not mean not suitable. Most futures firms, including Apex Trader Funding, Take Profit Trader, My Funded Futures, Bulenox and Tradeify, did not list Australia as restricted when we last checked their terms. The full list of firms open to Australians has 59 firms, and the futures hub compares the futures firms side by side.

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Which prop firms do not accept Australians

Three firms on our site turn Australian residents away:

• Axi Select, the funded trader programme from the broker Axi. Its page says its information “is not intended for Australian and New Zealand residents.”
• Blueberry Funded and Blueberry Futures, linked to the broker Blueberry Markets. Australia is on both restricted lists.
• ThinkCapital, backed by the broker ThinkMarkets. Its terms reserve the right not to serve residents of a list of places that includes Australia.

All three are tied to broker groups that hold Australian licences, and none says why it excludes Australians. We look at the likely reason, and at how to check any firm yourself, in prop firms that don’t accept Australians.

What FTMO’s Australian licence changes

Australians who buy from FTMO contract with VRGK Tech Pty Ltd, trading as FTMO Australia, a Sydney company (ACN 640 619 521) that holds Australian financial services licence 525757. FTMO’s Australian site says those services “are intended for Australian residents only,” and it comes with the documents an Australian licensee has to give retail clients: a product disclosure statement, a financial services guide and a target market determination. Australian clients were moved across to the new terms in September 2024, according to Prop Trader Edge, which reported a deadline of 30 September that year for accepting them.

What that means in practice:

• Leverage of up to 1:30 on the Swing account. That matches the cap ASIC places on retail CFDs over major currency pairs.
• No news trading or weekend holding restrictions on the Swing account, which suits swing traders who sleep through the US session anyway.
• A 1:100 account for traders who qualify as professional clients, with weekend and news restrictions attached.
• Australian paperwork. Read the product disclosure statement before you buy, because it, not the global FTMO site, sets out the terms that apply to you.

ASIC’s leverage caps

Since 29 March 2021, ASIC’s CFD product intervention order has capped the leverage Australian licensees can offer retail clients: 30:1 on major currency pairs, 20:1 on minor pairs, gold and major stock indices, 10:1 on other commodities and minor indices, 5:1 on shares and 2:1 on crypto. The order is due to expire on 23 May 2027, and ASIC opened a consultation on 12 October 2026 proposing to extend it to 1 April 2031, with comments due by 16 November 2026. For a challenge, 30:1 on major pairs is still more than a 5% daily loss limit lets you use sensibly. The caps on gold, indices and crypto bite harder, so check the leverage for each instrument in the disclosure documents before you plan position sizes.

Trading hours and daily resets from Australia

A prop firm’s trading day decides which trades count towards which day’s loss limit, and almost none of them use Australian time. Most firms use one of three clocks. Here they are in each city between now and 14 March 2027, while Australia’s south east and the US are both on their summer or winter time:

Two habits help. First, Friday’s close in New York is Saturday morning in Australia, so a firm that makes you close before the weekend wants you flat by about 8am to 9am on Saturday on the east coast. Second, US economic data at 8:30am New York time lands at 12:30am in Sydney and 9:30pm in Perth right now, which is when news rules matter most. The full trading hours guide has the tables for the switch weeks in March and April and for the Australian winter.

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Paying fees and getting paid

Challenge prices are almost always in US dollars, so an Australian card will usually add an international transaction fee on top of the exchange rate. Payouts come back in US dollars or stablecoins. The route matters more than most traders expect:

• FTMO pays by bank wire with no FTMO fee, from US$20, usually within one to two business days of confirming the invoice.
• FundedNext offers USDT, USDC, Rise, bank transfer and card, with gateway charges paid by the trader.
• The5ers charges a 3.5% commission on Rise, crypto and bank payouts.
• Topstep pays Australians by international wire, with a US$30 fee and five to ten business days to arrive. Its faster Wise option is open only to traders in China, Canada and the UK.

We work through the fees on a real payout, and what the ATO expects you to record, in how Australian traders get paid by prop firms. For the methods in general, see prop firm payout methods.

Tax and regulation in brief

This is general information, not tax or legal advice. Australian residents for tax purposes declare their worldwide income, so payouts from an overseas firm belong in your return, converted to Australian dollars. If a firm pays you in crypto, the ATO says to record the Australian dollar market value when you receive it as income, and selling it later can trigger capital gains tax on any change in value. Whether your trading counts as a business changes which costs, such as challenge fees, you can claim, so check your position with a registered tax agent. Our prop firm income and tax guide has an Australian section.

On regulation, most prop firms describe their challenges as simulated trading and do not hold an Australian licence. FTMO Australia is the exception. If a firm claims a licence, check the holder’s name and number on ASIC’s professional registers. Prop firm regulation covers Australia and other countries, and are prop firms legit lists the wider checks.

Discount codes that work for Australians

Select Prop Firms earns a commission when you buy through some of these links, at no extra cost to you. It never changes which firms we list or how we rate them (how we make money).

• TradePath Funding: SELECTPROP for 30% off, our own permanent code. See TradePath’s challenges.
• FXIFY: FUNDED25 for 25% off all programmes until 24 November 2026, FXIFY’s public code. See FXIFY’s challenges.

Each firm’s profile shows its current codes, and codes change often, so check the code at checkout.

Checklist before you buy

• Australia is accepted today. Read the restricted countries list on the firm’s own site, not an old review. Some firms check citizenship as well as residency.
• You know which company you contract with. FTMO Australia and global FTMO are different companies with different terms.
• You have converted the daily reset to your city, allowing for daylight saving at both ends, and for Queensland and WA staying on standard time.
• You know the payout route, with its fee, minimum and how long it takes to reach your bank.
• The name on your account matches your ID, because identity checks before your first payout will test it.
• You keep records from day one: every fee and payout in US and Australian dollars, with the date and rate.