Prop Firms for Iranian Traders, Who Bars Iran and Who Serves Iranians Abroad

Key takeaways

No prop firm we checked serves people living in Iran under its own terms: of 46 prop firm listings, 43 name Iran and bar its residents, and the other three offer no opening either (Lux Trading Firm’s terms single out residents of sanctioned countries, Iran included, Ment Funding bars jurisdictions covered by international sanctions without…

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No prop firm we checked serves people living in Iran under its own terms: of 46 prop firm listings, 43 name Iran and bar its residents, and the other three offer no opening either (Lux Trading Firm’s terms single out residents of sanctioned countries, Iran included, Ment Funding bars jurisdictions covered by international sanctions without a list, and The Funded Trader’s site returned HTTP 402). Some firms’ wording does allow Iranian citizens who live legally in another country, and that is what our list covers: nine products, ranked by cost per $1,000 of loss room at $50K, led by FundingPips 1 Step Flex ($44.83, fee alone, but it also bars UAE residents), SFX Funded 2-Step $60K ($62.29) and Bulenox Momentum 50K ($63.56). Eighteen listings, among them FTMO, The5ers and Tradeify’s futures accounts, bar Iranian citizens wherever they live; sixteen, including FundedNext’s CFD arm, E8 Markets, Topstep and Apex Trader Funding, word the rule ambiguously or contradict themselves. A false declaration of residence ends the account at every firm that says what happens. No workarounds, no legal advice.

Checked: October 2, 2026, with every Iran sentence, sanctions source and payout page read again on October 4, 2026, and prices on October 3 and 4, 2026. Firms change prices, codes and country lists without notice, so confirm on the firm’s own page before paying. Each Trustpilot figure shows its own read date.

Quick answer on prop firms for Iranian traders

If you live in Iran, no prop firm in this guide will sell to you or pay you on its own terms, and we will not suggest a way around that. If you are an Iranian citizen living legally in another country, it depends on the exact words each firm uses. Nine firms word their Iran rule by residence (and sometimes by where you log in from) with no citizenship or nationality test on any page we read. Ranked on what you pay for each $1,000 the account is allowed to lose, these come first:

1. FundingPips 1 Step Flex: $44.83 per $1,000 on the fee alone. List price $269, one time; overall loss limit $6,000, static.
2. SFX Funded 2-Step $60K: $62.29 per $1,000. List price $299 for $60,000, one time; overall loss limit $4,800, static.
3. Bulenox Momentum 50K: $63.56 per $1,000. List price $143, one time; overall loss limit $2,250, end-of-day trailing.
4. Hola Prime 2-Step Prime: $63.80 per $1,000 on the fee alone. List price $319, one time; overall loss limit $5,000, static.
5. FunderPro Classic 2-Phase: $63.80 per $1,000. List price $319, one time; overall loss limit $5,000, static.

• Lowest cost per $1,000: FundingPips 1 Step Flex, $44.83 on the fee alone, but not for Iranians living in the UAE.
• Clearest written answer: Tradeify 247, whose article says the test is residence, “not your citizenship” ($116.67).
• Nationality named as welcome: SFX Funded, “Clients of any nationality are welcome to join”, unless they reside in Iran ($62.29).
• Futures: Bulenox Momentum 50K at $63.56, or FundedNext Futures Flex at $89.33.

Eighteen other listings, including FTMO, Alpha Capital Group, The5ers, FXIFY and Tradeify’s futures accounts, bar Iranian citizens wherever they live. Sixteen more have wording that could be read either way or pages that contradict each other, and we do not rank them.

What prop firms are and how they work for Iranian traders abroad

A proprietary trading firm, or prop firm, sells you an evaluation: an account with a profit target and loss limits. Pass it and the firm gives you a funded account and pays you a share of the profit you make on it. Most firms in this guide say the funded account is simulated, so the money you receive comes from the firm under its own contract, not from trades placed in the market in your name.

Funding models come in a few shapes. A two-step evaluation has two targets before funding (FundingPips 2 Step Flex, SFX Funded 2-Step, Hola Prime 2-Step Prime, FunderPro Classic 2-Phase, AudaCity Capital Ability Challenge, Alpha Funded Forex 2-Step Classic, Tradeify 247 2-Step). A one-step has one target (FundingPips 1 Step Flex, futures products such as Bulenox Momentum and FundedNext Futures Flex). Instant accounts skip the evaluation for a higher fee. Most fees here are paid once; Take Profit Trader bills monthly until you pass.

A worked example shows why the loss limit matters as much as the price. FundedNext Futures Flex costs $133.99 and ends at a $1,500 fall; FundingPips 1 Step Flex costs $269 and ends at a $6,000 fall. Per $1,000 of loss room, FundingPips costs $44.83 and FundedNext Futures $89.33, so the dearer account is the cheaper one if you need room to recover from a bad week.

Daily limits end more accounts than overall limits. On the ranked products, FundingPips’ 2% setting, SFX Funded’s 4%, Hola Prime’s and FunderPro’s 5% and Alpha Funded’s 5% end the account when hit, and Tradeify 247’s 3% ($1,500) is checked on live equity. Bulenox’s $1,200 daily limit pauses trading for the day instead. Profit splits and payout schedules vary by plan; Hola Prime, for example, sells the same 2-Step Prime with an 80% bi-weekly or a 95% monthly payout plan at different prices.

Why prop firms bar Iranian traders, quoted from the sanctions texts

Most firms do not say which rule their Iran line comes from. Where they do, they point to US sanctions (Alpha Funded’s terms name “comprehensive U.S. sanctions”), to “international sanctions” (SFX Funded, FunderPro, FTUK) or to FATF and EU/UN lists (FundingPips). Below is how those regimes describe their own scope, quoted from the official sites and read on October 4, 2026. It explains the firms’ rules; it does not tell you whether any law applies to you.

Two points follow from the wording, and neither is legal advice. The definitions quoted above are framed around persons in Iran or resident there, which is why most firms write “residents”. And nothing in them obliges a prop firm to accept anyone: each firm draws its own line, and eighteen of the listings we checked go further and bar Iranian citizens wherever they live. Sanctions law can also apply to you, your bank, your card issuer and your payout provider separately from any firm’s terms.

Residence, citizenship, ID document or location, how prop firms decide for Iranians

Firms use four different tests, often more than one at a time, and the word they choose decides whether an Iranian passport holder living in Toronto, Istanbul or Dubai can buy at all.

• Residence: where you live decides. FundingPips (“traders resident in Iran”), SFX Funded, Bulenox, Hola Prime, FunderPro, AudaCity Capital, Alpha Funded, FundedNext Futures and Tradeify 247 use residence wording only.
• Citizenship or nationality: your passport decides, wherever you live. Eighteen listings use it, from FTMO’s “both nationals and residents” to FXIFY’s “is of nationality or is residing in”.
• ID document country: the country on the document you upload decides. E8 Markets says so outright, and Apex Trader Funding asks for an ID from a non-restricted country.
• Location: where you log in or trade from decides. Take Profit Trader blocks any activity from a listed country, and Hola Prime ends accounts accessed from one.

The table shows how each ranked firm words its test, whether it also bars the UAE, Turkey or Iraq, what it says happens if you misstate your residence, and the cost per $1,000 of loss room. Row order is the ranking order.

What search results about prop firms for Iranian traders get wrong

Most pages that rank for this topic are written for traders living in Iran and recommend international firms without quoting a single restriction. Here is what six of the most often recommended firms say about Iran on their own pages:

• FundedNext (CFD): its footer says “FundedNext Ltd. does not offer services to residents of the following jurisdictions: North Korea (DPRK), Myanmar, Belarus, Iran, and Russia.” Its other pages conflict; see the serious warning section.
• FTMO: does not serve “Persons (both nationals and residents) from Iran”.
• FundingPips: “FundingPips does not accept traders resident in Iran, Vietnam, or the United Arab Emirates (UAE).”
• Apex Trader Funding: lists Iran among countries it is “NOT ABLE TO SERVICE AT THIS TIME”.
• Blue Guardian: “Restricted countries from using are services include: Afghanistan Albania Algeria Cuba Iran”.
• Lux Trading Firm: its terms say “Traders with permanent residency in a sanctioned country (as listed in the declaration of compliance, and elsewhere on the site) will be refused access to International wire transactions, Wise, or Paypal service.” Iran is on that declaration’s list, and no Lux page we read says it serves people living in Iran.

Some Persian-language pages also recommend companies based in Iran that call themselves prop firms. They are outside this guide: we have not checked, ranked or linked any of them.

How we checked prop firms for Iranian traders

1. Read every restriction sentence on each firm’s own terms, restricted-countries article, footer, KYC article and payout pages, to the end of each list.
2. Note the exact basis word: resident, citizen, national, from, located, or the country on your ID document.
3. Rank only products where every page tests residence or location, nothing tests citizenship or the ID document, and the floor does not trail open profit.
4. Price the cheapest such product at $50,000 on list price plus any activation fee, divided by the smallest overall loss limit in dollars at any stage, times 1,000.
5. Quote each firm’s consequence for a false declaration, its payout routes and their country wording, and Trustpilot.
6. Quote sanctions regimes only from their official sites, in their own words.

Treat forex, futures and crypto arms of one brand as separate listings: FundedNext’s CFD and futures arms, and Tradeify’s futures and Tradeify 247 crypto accounts, land in different groups here. Silence is never a pass: a firm that says nothing about citizenship is ranked on what its pages do say, and a missing activation fee is shown as unknown.

Prop firms whose wording allows Iranian citizens living outside Iran

Lower is better. These nine products come from firms whose every restriction sentence we found tests residence or location, never citizenship or the ID document. Every one of them bars people living in Iran. The table adds price, loss limit, the ID documents each firm names, payout routes and the live stage, in the same order as the table above.

Notes on this ranking: Cost per $1,000 is the list price of the firm’s cheapest $50,000 product whose wording passes the test, plus any activation fee, divided by the smallest overall loss limit in dollars at any stage, times 1,000. Daily loss limits and per-position rules are not used. Ties share a number; Hola Prime is listed before FunderPro because every sentence it publishes names the basis of its test. Codes never set a rank. ^* FundingPips, Hola Prime, AudaCity Capital and Alpha Funded name no activation fee and do not say there is none, so the figure is the evaluation fee alone. FundingPips would need a fee above about $104.76 to lose first place; Hola Prime above about $10.00 to fall below AudaCity; AudaCity above about $20.00 to fall below Alpha Funded; Alpha Funded above about $97.65 to fall below FundedNext Futures. ^† SFX Funded sells no $50,000 2-Step; the figure is its $60,000 account. Its $50,000 1-Step Pro works out at $126.33. ^‡ Bulenox’s Momentum table read on October 4, 2026 shows a $2,250 limit; an earlier Bulenox table showed $2,500, which would give $57.20. We rank on the smaller limit. Bulenox also does not publish which ID documents it accepts. ^§ FunderPro’s country list sentence itself carries no basis word; its terms and the heading above the list both test residence, which is the reading we rank on.

FundingPips 1 Step Flex is the lowest-cost prop firm for Iranians living abroad, outside the UAE

FundingPips puts its Iran rule in one sentence of its Get Started article: “FundingPips does not accept traders resident in Iran, Vietnam, or the United Arab Emirates (UAE).” Every other restriction we found on its site uses the same residence wording, and none of its pages that we read mentions citizenship or nationality. That silence is not a promise, but it is why an Iranian national living elsewhere can read FundingPips’ rules as written for where they live.

The 1 Step Flex with the 2% daily-loss setting lists at $269 for a $50,000 account, with a 12% static overall loss of $6,000 at both the evaluation and Master stage: $269 / $6,000 x 1,000 = $44.83 per $1,000 of loss room. FundingPips names no activation fee and does not say there is none, so that is the fee alone. Its 2 Step Flex at $299 works out at $49.83.

Its terms reach further than the help article: “Services are not offered to residents of certain jurisdictions, including countries on the FATF and EU/UN sanctions lists, Vietnam, and UAE.” Iraq sits on the FATF list of jurisdictions under increased monitoring dated June 19, 2026, so the clause can be read to cover Iraq residents, and an Iranian living in Dubai is barred by name.

Video: “FundingPips Pro is crafted for traders looking for a more affordable 2-Step Model”, FundingPips official YouTube channel, April 25, 2025. Why this video: FundingPips’ own explainer of its 2 Step Pro, a different account from the one ranked here; no official FundingPips video covers country rules.

• Price at $50K: $269 list; code FP takes 10% off for new users in a site banner with no end date.
• Overall loss limit: $6,000, static at the evaluation and Master stage.
• Iran wording: Named; every restriction sentence says “resident” or “residents”.
• UAE, Turkey, Iraq: UAE residents barred by name; Iraq not named but on a FATF list its terms cite; Turkey not named.
• Live stage: If FundingPips offers its Prime account, the move “is mandatory, and you waive any right to refuse or contest it.”
• Payout routes: Crypto, Rise, bank transfer or card; “If Rise is not supported in your country, your reward will automatically default to Crypto.”
• False declaration: The account can be closed if “a User is found to have provided incorrect, incomplete, inaccurate, or false information.” Registration fees are not refunded.
• Watch out for: The mandatory Prime move comes first, then the 2% daily loss on this setting, which ends the account, and the UAE bar.
• Best for: Iranian nationals living outside Iran and the UAE who want the most loss room per dollar.
• Trustpilot: 4.5/5 on 69,776 reviews (read October 4, 2026). More: FundingPips profile.

SFX Funded 2-Step is a prop firm that welcomes any nationality but bars Iran residents

SFX Funded is the one firm here that puts nationality and residence in the same sentence: “Clients of any nationality are welcome to join, except those residing in Syria, North Korea, Cuba, Iran & Myanmar.” Its terms say the same in legal form, refusing any client who “resides in the following Restricted Jurisdictions: Syria, North Korea, Cuba, or Iran”.

SFX sells no $50,000 2-Step. The nearest is $60,000 at $299, one time, with an 8% static overall loss of $4,800 in both phases and the funded stage: $299 / $4,800 x 1,000 = $62.29 per $1,000. SFX says “There are no additional charges or hidden fees when you join us.” Its $50,000 1-Step Pro costs $126.33 on the same measure.

Clause 4.2.3 of the same terms refuses any client who “is under international sanctions”. That wording tests the person, not the passport, and SFX does not define it, so ask SFX in writing how it applies the clause before you pay. Its KYC asks for both an ID and a separate proof of address no more than three months old.

• Price at $50K: $299 list for $60,000; a LEVELUP banner advertises 50% off (about $149.50) with no end date.
• Overall loss limit: $4,800, static, the same in both phases and funded.
• Iran wording: Named; residence test, with “any nationality” welcome in its own words.
• UAE, Turkey, Iraq: None of the UAE, Turkey or Iraq is on its lists; the firm itself is registered in Dubai.
• Live stage: None found; SFX may copy funded traders’ trades into its own account, which is not a move to live trading.
• Payout routes: Bank transfer to an account in the same name you signed up with, or USDT on Tron; payouts under $100 go by crypto only.
• False declaration: “The Company retains the authority to end this agreement immediately if any information the Client provides is found to be false.” After a breach, “they will forfeit their right to receive any payments related to profit sharing.”
• Watch out for: Payouts are discretionary under its terms (“all payouts are fully at the discretion of the Company”), the 4% daily loss ends the account, and failing KYC costs 15% of the refund.
• Best for: Iranian nationals abroad who want a firm that says in writing that nationality is not its test.
• Trustpilot: rating hidden behind Trustpilot’s “breach of our guidelines” banner, 134 reviews (read October 3, 2026). More: cheapest prop firms.

Bulenox Momentum 50K is the cheapest futures prop firm for Iranians living elsewhere

Bulenox frames its country rule around residence and nothing else: “due to regulatory restrictions, we are prohibited from conducting business with residents of certain countries.” Iran is on the list, and so are Iraq and Armenia. Its terms add a location disclaimer but no nationality test.

Momentum 50K with the end-of-day drawdown option costs $143, one time, and the firm says “Pass Momentum once and your Momentum Master is activated free of charge”. With a $2,250 overall limit that trails the end-of-day balance, that is $143 / $2,250 x 1,000 = $63.56 per $1,000. The Qualification 50K, with a $148 activation fee, costs $129.20 on the same measure, and the intraday-trailing Momentum option is not ranked.

Bulenox does not publish which ID documents it accepts. It says only “Every trader must complete the Bulenox Withdrawal Information Form and include a valid identification document.” Non-US traders also sign a W-8BEN by hand. Its top stage is real money, in its own words “a real brokerage account funded by Bulenox and traded with real money.”

• Price at $50K: $143 list; code BULENOX promises the best available discount, but the discounted price is not shown before sign-up.
• Overall loss limit: $2,250, trailing the end-of-day balance (an older Bulenox table showed $2,500).
• Iran wording: Named; residence wording only.
• UAE, Turkey, Iraq: Iraq barred (Armenia too); the UAE and Turkey are not on its list.
• Live stage: Discretionary after three payouts, and “If you do not consent to the transition, the applicable Master Account will be closed and no additional Reward will be issued from that account.”
• Payout routes: ACH or wire transfer, or PayPal, from $1,000; Bulenox charges nothing, banks may.
• False declaration: If you give information that is untrue or incomplete, “Company has the right to suspend or terminate your account”, and “All sales are final and no refunds shall be issued.”
• Watch out for