Prop Trade Zone Forex prop firm review

Prop Trade Zone Forex prop firm review

Prop Trade Zone prop firm offers funded trading accounts and is backed by a regulated broker, Orbex. This is very good for the safety of the prop firm. The funded options range from 5k to 200k USD and there are 1-step, 2-step, and instant challenges offered. The pricing starts at 47.25 USD for the smallest 2-step challenge, which is a 5k USD account. The profit split is 70% which is slightly below the industry average.

In this unbiased Prop Trade Zone review, we will explore the firm and its features to evaluate its safety, rules, funded options and types, assets, platforms, pricing, support, and more.

Pros & cons of Prop Trade Zone Prop firm

ProsCons
Offers multiple challenge types, including 1-step, 2-step, and instantNot backed by a regulated broker
Access to MetaTrader 5 (MT5)No educational resources
No fees for withdrawalsProfit-sharing is only 70%
 No live chat or phone support
 News trading and Expert Advisors (EAs) are prohibited

Quick rating of Prop Trade Zone and its features

FPA ScoreNo ratings yet
Year founded2024
HeadquartersLondon, United Kingdom
Minimum audition fee48 USD
Fees on withdrawals0 USD
Minimum funded amount5k USD
Maximum funded amount200k USD
Allowed daily loss5%
Profit target10%
Maximum trailing drawdown8%
Profit sharing (Payouts)70%
Trading PlatformsMetaTrader 5
Available trading marketsFX pairs, commodities, indices, and cryptos

Safety of Prop Trade Zone

There are no Prop Trade Zone reviews on the Forex Peace Army (FPA), which is a serious downside for the firm. On Trustpilot, however, the firm has around 50 reviews, and 84% of them are 5-star evaluations, indicating that traders are mostly satisfied with the firm’s quality of services. When it comes to experience, the firm was established in 2024, which makes it still inexperienced in the prop trading industry. All funded accounts are simulated challenges, and the firm is not backed by a regulated broker. This is a very serious red flag for the firm’s security and reliability and we advise our readers to exercise extreme caution with this firm. 

The firm gets a 0 score in this section.

Prop Trade Zone Funding and Maximum Capital Allocation

Prop Trade Zone funded programs include 1-step, 2-step, and instant options, which are very competitive. The list of Prop Trade Zone funding options is different for each funded account type. The instant account offers funded options from 8k to 50k USD, the 1-step offers from 15k to 200k USD, and the 2-step Prop Trade Zone challenge offers from 5k to 200k USD amounts. 

Prop Trade Zone scaling plan is not available, which is a considerable downside for the firm, preventing its traders from growing their funded account balance. 

As a result, the firm gets a 3 score in this section. 

Prop Trade Zone Assets

Prop Trade Zone prop trading assets include Forex pairs (majors, minors, and exotics), commodities (metals and energies), indices, and crypto pairs. The leverages are different for each asset class, including:

  • FX Pairs: 1:50
  • FX Exotics: 1:20
  • Indices & Gold 1:50
  • Oil: 1:20
  • Crypto: 1:1

The firm does not allow stock trading, which is a minor drawback. 

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

Prop Trade Zone Trading rules and limitations

Prop Trade Zone rules are slightly different for each funded account type.

The 1-step Prop Trade Zone challenge rules are:

  • Profit target - 10%
  • Daily loss limit - 4%
  • Maximum drawdown - 7% 
  • Challenge period - No limits
  • Minimum trading days - 7 days
  • Weekend holding - Yes

The 2-step Prop Trade Zone challenge rules are:

  • Profit target - Phase 1: 7%, phase 2:5%
  • Daily loss limit - 4%
  • Maximum drawdown - 8% 
  • Challenge period - Unlimited
  • Minimum trading days - 7 days
  • Weekend holding - Allowed

The Instant Prop Trade Zone challenge rules are:

  • Profit target - None
  • Daily loss limit - No
  • Maximum drawdown - 5% 
  • Challenge period - Unlimited
  • Minimum trading days - 7 days
  • Weekend holding - Allowed

News trading is not allowed and traders can not use Expert advisors either. 

Overall, the firm gets a 1.5 score in this section. 

Prop Trade Zone Fees

The pricing starts at 239 dollars for the 15k USD 1-step challenge, from 48 dollars for the 5k USD 2-step accounts, and from 326 dollars for the 8k USD instant accounts. The 2-step challenges are very affordable but all other challenge types are pretty expensive. 

Prop Trade Zone free trial is not available and the Prop Trade Zone free repeat is not offered either, which is a serious downside for traders who want to test trading conditions before purchasing the challenge.

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

Prop Trade Zone Platforms

The firm allows access to the advanced trading platform, MetaTrader 5 (MT5). The platform allows both custom indicators and Expert Advisors (EAs), which is very flexible. However, the firm does not allow EAs, which is a downside. Mobile trading is available via the MT5 mobile app accessible on both Android and iOS devices. 

Overall, the firm gets a 3.9 score in this section. 

Prop Trade Zone Profit-Sharing

Prop Trade Zone profit split is only 70% which is not competitive as many reliable firms offer 90%. Withdrawals are slow but no fees are charged.

The firm gets only a 1 score in this section.

Education and trading tools at Prop Trade Zone

The firm does not provide educational resources like webinars, video guides, and trading courses. There is no trader blog either, which is a huge downside. The firm does not offer any trading tools either.

As a result, the firm gets a 0 score in this section. 

Customer Support at Prop Trade Zone

There is no live chat or phone support offered which is a serious red flag for the firm. There is only an email support option available which is not enough. The website and the support are only available in the English language, which is also a downside.

Overall, the firm gets only a 1.2 score in this section.

Frequently Asked Questions on Prop Trade Zone

Is Prop Trade Zone legit?

Prop Trade Zone scam is possible as the firm has a 0 score in the safety section due to its lack of trader reviews and experience. 

Is Prop Trade Zone a good prop firm?

No, the firm has very low safety and has expensive fees on all accounts except 2-step challenges. 

What is the minimum Prop Trade Zone fee?

The smallest one-time fee starts at 48 USD for the 5k 2-step challenge, which is a competitive price.