Propiy Forex prop firm review - All you need to know

Propiy Forex prop firm review - All you need to know

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 of Propiy prop firm

ProsCons
Ability to withdraw with $0 feesNo ratings and no trader reviews make the firm very unreliable
Most payment options are free and instantNegative reviews on Trustpilot are 18%, indicating serious issues
Fast and digital account opening/verificationDoes not offer access to MetaTrader 4 or MetaTrader 5
Offers access to Forex pairs, commodities, and indicesDoes 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

Quick rating of Propiy and its features

FPA ScoreNot yet rated
Year foundedUnknown
HeadquartersUnknown
Minimum audition fee49 USD
Fees on withdrawalsCharges undisclosed fees
Minimum funded amount2,000 USD
Maximum funded amount50,000 USD
Allowed daily loss5%
Profit target8% (4% on phase 2)
Maximum trailing drawdown12%
Profit sharing (Payouts)60%
Trading Platformscustom web platform
Available trading marketsForex pairs, commodities, and indices

Safety of Propiy - 0

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 Funding and maximum capital allocation - 3

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 Assets - 2

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 Trading rules and limitations - 1

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:

  • Profit target - 8% and 4% (phase 1 and 2)
  • Daily loss limit - 5%
  • Maximum drawdown - 12% 
  • Leverage - Unknown

The Jet Jump Propiy challenge has the following rules:

  • Profit target - 10%
  • Daily loss limit - None
  • Maximum drawdown - 10% 
  • Leverage - 1:50

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. 

Propiy Fees - 3

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.

Propiy Platforms - 1.2

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-Sharing - 1

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. 

Education and trading tools at Propiy - 0

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.

Customer Support at Propiy - 1.2

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.

Frequently Asked Questions on Propiy

Is Propiy legit?

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. 

Is Propiy a good prop firm?

No, the firm lacks advanced trading platforms, live chat, and phone support, and it has negative reviews on Trustpilot, indicating serious issues. 

What is the minimum Propiy fee?

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.