Proppers prop firm offers funded challenge accounts with funded options from 25k to 225k USD. There is only one challenge type, the 1-step evaluation program, where traders have to hit the 10% profit target to pass. The profit sharing is up to 75% which is still competitive. The pricing, however, starts from 147 USD which is competitive in fact.
In today’s Proppers review, we will assess the firm’s safety, rules, funded options, pricing, assets, support, and more. After reading this review, you will decide whether the firm can be trusted.
| Pros | Cons |
|---|---|
| Competitive pricing starts at $147 for a 25k challenge | Low safety score with no reviews on FPA or Trustpilot |
| Free trial available for traders | All accounts are demo-based |
| Provides educational resources | Limited assets and leverage options |
| No access to popular platforms like MT4, MT5, or cTrader | |
| Lack of phone support and limited language options | |
| Profit-sharing is capped at 75% |
| FPA Score | Not rated yet |
| Year founded | 2023 |
| Headquarters | Unknown |
| Minimum audition fee | 147 USD |
| Fees on withdrawals | 0 USD |
| Minimum funded amount | 25,000 USD |
| Maximum funded amount | 225,000 USD |
| Allowed daily loss | 5% |
| Profit target | 10% |
| Maximum trailing drawdown | 5% |
| Profit sharing (Payouts) | 75% |
| Trading Platforms | Custom web platform |
| Available trading markets | Forex, crypto, indices, metals, energies |
There are no Proppers reviews on the FPA and the firm is not added to the Trustpilot yet, which is a major red flag. The firm not having trader reviews indicates only one thing, it can not be trusted. Experience-wise, the firm was launched in 2023 which makes it a young prop firm. Additionally, all funded accounts are simulated funded challenges, meaning traders only have access to demo accounts. With these many red flags, we suggest our readers stay away from this prop trading platform.
The firm gets a 0 score in this section as it is full of red flags.
There is only one Proppers funded program, which is a 1-step challenge account. Traders can achieve funded status by hitting the profit target once. The Proppers funding options include 25k, 50k, 100k, and 225k USD. The firm lacks smaller funded amounts, which is a downside for beginners.
Proppers challenges lack other funded account types such as 2-step and instant, which is a downside.
Proppers scaling plan is available and traders can grow their funded account size.
As a result, the firm gets a 2 score in this section.
Proppers prop trading assets include FX pairs, commodities, indices, and cryptos. The leverage is 1:30 for FX pairs, 1:10 for commodities and indices, and 1:5 for cryptos. There are no other asset classes available which is a downside.
Overall, the firm gets a 2.5 score in this section.
Proppers rules include a 5% daily risk limit and a 5% dynamic drawdown, which is very strict. Traders will have a difficult time hitting the 10% profit target with these strict risk rules. News trading is prohibited, as well as overnight and weekend holding. Traders can not use EAs or hedging strategies as well.
Overall, the firm gets a 0.2 score in this section.
The pricing starts from 147 USD, the 50k challenge will cost 287, the 100k 487 USD, and the 225k challenge 647 USD. Overall, the pricing is competitive and below 150 USD for the smallest account, which is competitive for the firm.
Proppers free trial is available, which is always a benefit for traders as they can check trading conditions before purchasing challenges. However, the Proppers free repeat is not offered, which is a downside. Spreads are not zero, which makes it difficult to employ scalping strategies that have higher chances of passing funded challenges.
Overall, the firm gets a 2 score in this section.
The firm lacks access to any advanced and popular trading platforms like MT4, MT5, or cTrader which is one of the biggest downsides. The inability to properly analyze markets using technical indicators and advanced tools will make it extremely difficult to pass a challenge in a reasonable time. Besides tools, custom platforms might be susceptible to price manipulation or bugs, unlike big platforms that are updated almost daily.
Overall, the firm gets only a 0.9 score in this section for only offering a web platform with inferior features.
Proppers profit split is 75% which is competitive but still low when compared to many reliable firms that operate in the prop trading sector. Withdrawals are processed slowly within 1-3 business days and there are no commissions for withdrawals.
As a result, the firm gets a 1.5 score in this section, as it lacks the option for 90% payouts.
The firm offers trading courses and video guides for its trading platform. The course requires traders to purchase the materials or sign up for a free trial. There are no webinars, but the firm offers a trading blog, which is flexible.
The firm gets a 3.6 score in this section.
Customer support is critical in financial trading, and the firm offers both email and live chat channels. Live chat is built into the website, which makes it possible to directly contact the firm personnel from the website plugin. There is no phone support provided, which is a red flag. Both the website and support are only available in the English language, which is a downside.
The firm gets a 2.4 score in this section as a result.
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Proppers scam is highly likely as the firm has no trader reviews on Trustpilot or FPA, raising serious questions about its legitimacy and reliability.
No, the firm offers a custom web platform, lacks safety, and the smallest challenge starts from 25,000 USD, making it unattractive and risky.
The smallest fee starts at 147 USD for the 1-step 25k USD challenge, which is competitive.
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