PropW Crypto prop firm review

PropW Crypto prop firm review

PropW prop firm offers funded accounts ranging from 5k to 200k USDT, which is decent. The firm promises up to 90% profit split, which is competitive. The pricing is very competitive from 50 USDT for 5k USDT challenges and the firm offers two account types. The firm only offers crypto assets for trading. 

In this unbiased PropW review, we will assess the firm’s safety, rules, funded options and types, assets, pricing, support, and more. After reading this review, you will conclude whether PropW can be trusted. 

Pros & cons of PropW prop firm

ProsCons
Competitive pricing, starting at 50 USDT for 5k crypto challengesDoes not offer a scaling plan to grow accounts
Up to 90% profit split availableOnly offers crypto pairs
Offers access to advanced trading platforms including MetaTrader 4Strict trading rules including a 6% maximum drawdown limits
Traders can hold positions overnight and over weekendsNo educational resources or trading tools
Charges no fees for withdrawalsOnly email support is provided

Quick rating of PropW and its features

FPA ScoreNot rated yet
Year founded2024
HeadquartersUnited Arab Emirates
Minimum audition fee50 USD (USDT)
Fees on withdrawals0 USD
Minimum funded amount5,000 USDT
Maximum funded amount200,000 USDT
Allowed daily loss5%
Profit target8%
Maximum trailing drawdown10%
Profit sharing (Payouts)Up to 90%
Trading PlatformsMetaTrader 4
Available trading marketsCrypto pairs

Safety of PropW

There are no PropW reviews on the Forex Peace Army (FPA), which is a serious downside. On Trustpilot, the firm has around 130 reviews, most of which are positive, which is advantageous. When it comes to experience, the firm was launched in 2024, making it very inexperienced in its industry. This is a substantial issue as inexperienced firms tend to offer worse experience overall. All funded accounts are simulated trading accounts, meaning traders only access demo accounts, and not live accounts. 

The firm gets a 1.5 score in this section for having good reviews but lacking in other aspects.

PropW Funding and maximum capital allocation

PropW funded programs include Standard and Hard modes. Both challenge types are 2-step evaluation programs requiring traders to hit two profit targets in two phases. The Standard PropW funding options include 5k, 10k, 25k, 50k, 100k USDT. The Hard Mode PropW challenge options include 10k, 25k, 50k, 100k, and 200k USDT. Traders get USDT in their trading accounts and can use it to speculate on crypto pairs. There are no funded amounts beyond 200k USDT, which is a downside for experienced traders. 

PropW scaling plan is not available, which is a serious downside as traders can not grow their account balance over time.

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

PropW Assets

PropW prop trading is possible by speculating on crypto pairs. There are no other asset classes offered, which is a serious downside. There are plenty of crypto pairs available and the maximum leverage is capped at 1:5, which is pretty standard for digital currencies. 

As a result, the firm gets a 1 score in this section.

PropW Trading rules and limitations

PropW rules are slightly different for the two accounts. The Standard challenges require traders to hit 8% and 5% profit targets in phases 1 and 2. The daily risk limit is 5% and the maximum drawdown is 10%. 

The Hard mode challenge is also a 2-step account that requires 10% and 5% profit targets on phases 1 and 2, a 4% daily loss limit, and a 6% maximum drawdown. 6% is very low for a maximum drawdown and traders have to be extremely cautious not to breach it. 

Minimum trading days are 5. The firm is not clear whether it allows news trading and we assume it prohibits news trading. Trading on weekends and overnight holding are both allowed, which is flexible. EAs or Expert Advisors are not allowed.

Overall, the firm gets a 1 score in this section. 

PropW Fees

The pricing is competitive from PropW starting at 50 USDT for the smallest 5k challenge of standard mode. The hard mode has higher starting costs from 80 USDT for a 10k challenge. 

PropW free trial is not offered which is a downside and the PropW free repeat is not available either, preventing traders from checking trading conditions and starting over for free. Withdrawals do not incur charges from the firm’s side but traders will have to pay network fees.

The firm gets a 3 score in this section.

PropW Platforms

The firm is backed by the regulated broker CPT Markets and offers its trading platforms. Traders can access MT5 and use custom indicators, but not EAs. There is also a mobile version of the MT5 app offered which is accessible on both Android and iOS. 

The firm gets a 3.9 score in this section losing 1.1 points for not allowing EAs. 

PropW Profit-Sharing

PropW profit split is up to 90% but traders get a lower percentage in the beginning. To increase the payout they have to purchase an add-on increasing the overall price for challenges. 

Withdrawals take 24-72 hours, which is slightly longer than reliable firms which often allow 1-2 business days.

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

Education and trading tools at PropW

PropW does not provide educational materials, which is a serious downside. There are no tools available to support traders in analyzing markets and their own performance. The lack of a trading blog is yet another drawback of this firm.

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

Customer Support at PropW

When it comes to customer support, the firm falls short as it only provides an email channel. This is usually a lengthy process and can mess with the overall trading experience. The lack of live chat and phone support is a serious issue that the firm needs to address immediately. When it comes to languages, the firm supports more than 5 different languages, which is very flexible. 

Overall, PropW gets a 2.3 score in this section. 

Frequently Asked Questions on PropW

Is PropW legit?

PropW scam is less likely as the firm has mostly positive reviews, indicating that it offers quality funded services. 

Is PropW a good prop firm?

The firm has positive reviews and offers cheap fees for funded challenges with support for advanced trading platforms.

What is the minimum PropW fee?

The smallest one-time fee starts at 50 USDT for the 5k challenge of Standard Mode (2-step evaluation), which is very competitive.