There are no Prop Number One reviews on the Forex Peace Army (FPA) platform, which is a major red flag. On the Trustpilot, the firm has around 200 reviews and 90% of those are 5-star evaluations, indicating traders have an excellent experience with the firm’s services. When it comes to experience, the firm was launched in 2024, which makes it young and inexperienced in the prop trading industry. The firm is backed by Alvar Finance, which is a Forex broker regulated by the Gibraltar Financial Services Commission, which makes it not very reliable.

The firm gets a 1.5 score in this section.

Prop Number One funded programs lack diversity as the firm only offers one funded account type, which is a 2-step evaluation program. The list of Prop Number One funding options includes 7k, 17k, 27k, 50k, 100k, 200k, and 300k USD. There are no other Prop Number One challenge types offered which is a downside as depending on the experience, traders might also opt for 1-step, and even instant funded accounts. There are no options below 7k USD either, which is also a downside for beginners who want to start small.

Prop Number One scaling plan is not available, which makes it impossible to grow the account over time.

The firm gets a 3 score in this section as a result. 

Prop Number One prop trading is possible by speculating on a range of markets like Forex Currencies, cryptos, Indices, and Commodities. The leverage varies depending on the trading asset selected:

• Forex: 1.50
• Oils: 1.30
• Metals: 1.25
• ​Indices: 1.10
• Crypto: 1.2

Overall, the firm gets a 3 score in this section. 

Prop Number One rules are competitive, including:

• Profit target - 5%, 8% (phase 1 and 2)
• Daily risk limit - 5%
• Maximum drawdown - 10%

The minimum trading days are 1 for phase 1, 3 for phase 2 (0.5% gain), and 5 for the funded phase, meaning traders should at least trade for 5 days before they can request a payout when funded. Prop Number One allows traders to hold their trades overnight and over the weekends without any restrictions, both in the Challenges and the Funded phases. The firm also allows news trading both during evaluation and funded phases. 

The firm gets a 2.5 score in this section. 

The pricing is super competitive, starting at 52 USD. There are ongoing discounts which makes pricing even lower, starting at 47 USD for the 7k 2-step challenge, which is super competitive. Here is the list of one-time fees for each funded option offered by the firm without discounts: 

• Funded amount: 7,000 USD - One-time fee: 52 USD
• 17k USD - 161 USD
• 27k USD - 217 USD
• 50k USD - 327 USD
• 100k USD - 580 USD
• 200k USD - 1097 USD
• 300k USD - 1,592 USD

Prop Number One free trial is not available at the moment and the Prop Number One free repeat is not offered either, which is a downside. 

Overall, the firm gets a 4 score in this section. 

When it comes to trading platforms, the firm allows access to a multitude of advanced trading platforms such as cTrader, DXTrade, Match-Trader, MetaTrader 4, and MetaTrader 5. Traders can choose the most suitable platform according to their needs, which is very flexible. Traders can use custom indicators and automated trading systems (Expert Advisors), which are very flexible. Mobile trading is also available via mobile app versions of these platforms.

The firm gets a well-deserved 5 score in this section. 

Prop Number One profit split is promised to be 100% of profits, which is a big red flag for the firm’s reliability. Proprietary firms are supposed to make money by splitting trader profits between the firm and the trader and promising a 100% payout only indicates the firm is motivated to ensure its traders fail, raising suspicions about conflicts of interest. 

The minimum payout amount is 150 USD and payouts are paid every 21 days without fast withdrawal and every 7 days with add-on. Withdrawals incur no fees, which is competitive. 

For exaggerated claims, the firm only gets a 1 score in this section. 

When it comes to educational materials, the firm unfortunately falls short and only offers trading blogs. There are no webinars, trading courses, or video guides available, which is a serious downside. The blog offers interesting articles about prop trading with trading tips as well, but it can not be used to start from zero and become a profitable prop trader.

The firm gets a 1 score only in this section as a result. 

The firm offers both live chat and email options for customer support. This is very flexible, as live chat is super useful for contacting the firm’s support quickly to resolve issues. Both the website and support are available in English and Italian languages only.

The firm gets only a 2.4 score in this section.