Propel Capital Group prop firm offers funded challenges ranging from 5k to 100k USD amounts. There are two accounts offered and traders can employ cTrader and TradeLocker platforms. However, both challenges are 2-step accounts and there are no other options offered, which is a downside. The profit split is 80% which is a decent amount. Pricing starts at 47 USD for TradeLocker challenges, while being at 62 USD (for 5k USD accounts) when using cTrader.
In today’s Propel Capital Group review, we will assess the firm’s most critical features such as safety, rules, funded options and types, assets, platforms, support, and more. After reading this review, you will define whether to trust this firm.
| Pros | Cons |
|---|---|
| Competitive pricing starting at $47 for TradeLocker accounts | Limited to Forex, commodities, and indices |
| Allows access to advanced trading platforms cTrader and TradeLocker | Only 2-step challenge models offered |
| Raw spreads and low trading commissions | Lacks educational resources |
| Offers 80% profit split | No free trial or free reset |
| Very low safety score | |
| Lacks multilingual support |
| FPA Score | Not rated yet |
| Year founded | 2024 |
| Headquarters | Rayleigh, Essex, England |
| Minimum audition fee | 47 USD |
| Fees on withdrawals | 0.5% |
| Minimum funded amount | 5,000 USD |
| Maximum funded amount | 100,000 USD |
| Allowed daily loss | 4% |
| Profit target | 5-8% |
| Maximum trailing drawdown | 8% |
| Profit sharing (Payouts) | 80% |
| Trading Platforms | TradeLocker, cTrader |
| Available trading markets | Forex pairs, commodities, and indices |
Propel Capital Group reviews are absent on the Forex Peace Army platform, which is a serious downside. On Trustpilot, the firm has around 80 reviews and 19% of them are 1-star evaluations, indicating serious issues in the firm’s quality of service. When it comes to experience, the firm was launched in 2024, making it super young and inexperienced in the prop trading industry. All funded accounts are simulated accounts, meaning traders only gain access to demo trading, not live trading accounts with real funds. The firm is not associated or partnered with any brokers, which is also a red flag.
The firm gets a 0 score in this section as it lacks positive trader reviews and regulated broker support.
Propel Capital Group funded programs are two, Propel Pro, and Propel Reversal. Both Propel Capital Group funding accounts are 2-step evaluations and offer the same range of funded options including 5k, 10k, 20k, 50k, and 100k USD amounts. Traders can choose different trading platforms and pricing changes for each of the platforms.
Propel Capital Group challenges lack diversity as there is only one model that is offered.
Propel Capital Group scaling plan is available, which is a downside as traders can not grow their funded accounts over time.
As a result, the firm gets a 3 score as there are no higher amounts offered.
Propel Capital Group prop trading assets are limited to only Forex pairs, commodities, and indices. There are no other assets offered like stocks or cryptos, which is a serious downside. The leverage is 1:70 for FX pairs, 1:30 for metals, 1:20 for indices, and 1:10 for oil. There are commissions for FX trading, which is 2.5 USD per lot per side (5 USD round turn). The spreads are raw or near zero, which is competitive.
Overall, the firm gets a 2.5 score in this section.
Propel Capital Group rules are the same for both funded accounts, which is competitive as traders can freely select the most suitable option. Here are all the requirements:
As we can see, the firm offers a competitive profit target. The firm does not allow EAs or automated trading systems, which is a downside.
Overall, the firm gets a 0.4 score in this section.
The pricing at Propel Capital Group is competitive, starting at 47 USD for the TradeLocker 5k USD challenge accounts. The pricing is more expensive for TradeLocker challenges, starting at 62 USD for 5k accounts.
Propel Capital Group free trial is not available and the Propel Capital Group free repeat is not offered either, which is a downside. Traders can not test trading conditions before purchasing the challenge and are unable to reset their challenge for free in case they fail. Spreads are raw, meaning they are near 0 pips, which is competitive.
Overall, the firm gets a 3 score in this section.
Propel Capital Group allows access to two popular trading platforms, cTrader, and TradeLocker. These platforms are advanced and offer useful features. Especially the cTrader which allows automated trading systems and custom indicators. Mobile trading is available via mobile apps of these platforms.
Overall, the firm gets a 4.1 score in this section.
Propel Capital Group profit split is capped at 80% which is flexible and attractive. However, there is no option to get up to a 90% profit split, which is a minor downside. Withdrawals are promised to be processed within 1-2 business days, which is flexible as well.
As a result, the firm gets a 2 score in this section.
There are no educational resources offered by the firm, which is very disadvantageous for beginners. The firm offers a blog, but there are only a few articles in there, which is not enough. The firm does not provide any tools either, which is a drawback.
As a result, the firm gets a 0 score in this section.
From customer support options, Propel Capital Group provides email and live chat support options. There is no phone support available. Both the website and the support are only in the English language, which is also a downside.
Overall, the firm only gets a 2.4 score in this section.
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Propel Capital Group scam is still a possibility as the firm has a 0 score in the safety section due to a lack of trader reviews, experience, and backing by regulated brokers.
No, the firm lacks safety and reliability. However, it offers competitive pricing and advanced trading platforms.
The smallest fees start from 47 USD for 5k USD challenges when traders select TradeLocker. For cTrader, the prices start at 62 USD for the challenges with the same amount.
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