what are the odds of passing a prop firm challenge?

Around 3% of traders will pass their first prop firm challenge meaning 3 out of 100 will pass and 97 out of 100 will fail.

What I have discovered is that prop firms with cheap/low challenge fees often have a higher fail rate. This may be because when traders pay less for a challenge they don't take it as seriously as when they purchase a more expensive challenge.

Around 5%, many content creators lie about passing prop challenges in one sitting but its all content. You would probably have to take the challenge more than once before you pass.

The odds are definitely not in your favor. Prop firms place many barriers in your way to prevent you from qualifying for a funded account. Thats why some prop firms even have 2 to 3 step evaluation phases to slow you down.

However, today there are prop firms with single phase evaluation where you can pass just one evaluation and get funded which is more straightforward.