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Propiy prop firm provides funded account challenges, where traders can pay one-time fees to access 2-step challenges. The firm is young and lacks trader feedback about its services. The minimum one-time fee starts from 49 dollars for the 5k USD 2-step challenge. There is an instant funding account available from 2,000 USD capital. The platform is a custom web trading platform, and the firm allows access to FX, commodities, and indices.
In this unbiased Propiy review, we evaluate the firm’s most important features, including safety, rules, funded options and types, assets, platforms, pricing, support, and more. After reading this review, you will be able to determine whether this firm is reliable.
Pros | Cons |
---|---|
Ability to withdraw with $0 fees | No ratings and no trader reviews make the firm very unreliable |
Most payment options are free and instant | Negative reviews on Trustpilot are 18%, indicating serious issues |
Fast and digital account opening/verification | Does not offer access to MetaTrader 4 or MetaTrader 5 |
Offers access to Forex pairs, commodities, and indices | Does not allow access to cryptos or stocks |
Does not offer phone support or live chat | |
No educational resources | |
Very low 5% maximum drawdown on the 1-step challenges |
FPA Score | Not yet rated |
Year founded | Unknown |
Headquarters | Unknown |
Minimum audition fee | 49 USD |
Fees on withdrawals | Charges undisclosed fees |
Minimum funded amount | 2,000 USD |
Maximum funded amount | 50,000 USD |
Allowed daily loss | 5% |
Profit target | 8% (4% on phase 2) |
Maximum trailing drawdown | 12% |
Profit sharing (Payouts) | 60% |
Trading Platforms | custom web platform |
Available trading markets | Forex pairs, commodities, and indices |
There are no Propiy reviews on the Forex Peace Army (FPA), which is a major red flag. On Trustpilot, the firm has around 50 reviews, and 18% of those reviews are 1-star evaluations, indicating some serious issues in the firm’s service quality. The firm is also very young, making it difficult for it to refine its services. There is no mention of the brokers or liquidity providers, indicating that Popiy acts as a broker, which is a major red flag.
As a result, the firm gets a 0 score in this section.
Propiy funded programs include 2-step and Jet Jump account types. The 2-step Propiy funding account requires traders to hit the profit target twice to get funded, while the Jet Jump is a 1-step evaluation account. The list of Propiy challenge funded options differ for each account type. The 2-phase challenge offers 5k, 10k, 25k, and 50k USD while the Jet Jump offers 2k, 5k, 10k, and 20k USD. There are no accounts beyond 50k USD, which is a downside for experienced traders.
The Propiy scaling plan is available and allows traders to increase their maximum funding to up to 1 million dollars.
Overall, the firm gets a 3 score in this section.
Propiy prop trading is possible by speculating on a range of markets such as Forex pairs, commodities, and indices. The firm does not provide cryptos or stocks, which is a noticeable drawback, as almost all reputable firms allow crypto trading. The leverage is disclosed and is 1:50 for 1-step and is not disclosed for the 2-step accounts, which is a downside.
Overall, the firm only gets a 2 score in this section.
Propiy rules differ depending on the funded account type. Let’s compare the rules for both accounts and see what the difference between them is and how attractive they are.
Propiy 2-phase challenges have the following requirements:
The Jet Jump Propiy challenge has the following rules:
As we can see, the firm has much stricter rules for its 1-step challenge, which has a very low maximum drawdown.
As a result, the firm gets a 1 score in this section.
The pricing at Propiy is very competitive for the 2-step challenge. The smallest fee starts at 49 USD (with current discounts) and is paid once for the 5k USD challenge.
The 1-step account is more expensive, starting at 99 USD for the smallest 2k challenge, which makes it very expensive.
A Propiy free trial is not available, and a Propiy free repeat is not offered either, which prevents traders from checking trading conditions or starting over for free.
Overall, the firm gets a 3 score in this section.
When it comes to trading platforms, the firm does not offer access to advanced trading platforms like MT4 or MT5. It offers a custom web trading platform with limited features and only a few tools. Mobile trading is not available, which is a serious downside.
For only offering a web trading platform, the firm gets a 1.2 score in this section.
Propiy profit split at Propiy is just 60%. Traders can not increase their profit split further, even when they are profitable and use a scaling plan, which is a serious downside. Withdrawals are subject to fees, which is a serious drawback for traders.
For offering a horrible profit withdrawal experience, the firm only gets a 1 score in this section.
When it comes to educational resources, Propiy does not offer any learning materials. There are no video guides, training courses, or live webinars. There is no trading blog either, which is a serious downside. There are no trading tools offered either, and traders are not given tools to evaluate their performance.
Overall, the firm gets a 0 score in this section.
The customer support experience at Propiy is provided only via the email channel. There is no live chat or phone support provided, which is a direct red flag for the firm’s reliability. When it comes to multilingual support, the firm is only available in English and Persian languages, which is also a drawback.
Overall, the firm only gets a 1.2 score in this section.
Our partner, XM, lets you access a free demo account to apply your knowledge.
No hidden costs, no tricks.
The Propiy scam is highly likely as 18% of reviews are 1-star on Trustpilot; the firm has no ratings on the FPA and does not offer live chat or phone support options.
No, the firm lacks advanced trading platforms, live chat, and phone support, and it has negative reviews on Trustpilot, indicating serious issues.
The smallest one-time fee at Propiy starts at 49 USD with current discounts, which is very competitive pricing for a 5k 2-step challenge.