Spiceprop Prop Firm Review
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- Simulated forex/CFD prop firm on MT5 that brands accounts by chilli-pepper “heat” (Saint Lucia operator)
- Signature: a rare 7-tier ladder including a 3-step Cayenne and an invite-style Black Pepper Hot-Seat
- Cheap entry from €40; instant, 1-, 2- and 3-step; base split 80% (up to ~90–95%); fee refunded on first payout
- Drawdowns 2.5–5.5% daily / 7–11% max by tier; a consistency rule applies on funded payouts
- Does not accept US, Canada or Japan; tops out well below $1M scaling
Updated and verified on 17 September 2026
Table of contents
TL;DR: SpiceProp in 30 seconds
- What it is: a euro-denominated simulated forex and CFD firm running six programmes under spice names. The website is operated by SPICEPROP SL LTD in Saint Lucia, with a Czech company (SPP Holdings s.r.o, Prague) and a Hong Kong payment facilitator (SPICEPROP HK LIMITED).
- Programmes: Spice Instant, Spice Instant Pro, Spice 1 Step, Spice 2 Step, Spice 2 Step Pro and Spice 3 Step. Entry from €40, up to a €300,000 account.
- Split: 80% on most programmes, 90% on the Spice 2 Step Pro 300K, and a 100% fee refund on Spice 2 Step and Spice 3 Step with your first payout.
- Leverage is fixed, not floating: 1:100 on forex, metals and indices (1:33 on Spice Instant and Spice 3 Step), and 1:5 on crypto and stocks.
- Payouts: every 14 days, 7 on Spice 2 Step, 8 with the paid Fast-Payout add-on. You need 4 profitable days of at least 0.5% each and €100 of realised profit, and meeting the criteria lets you request a payout, it does not guarantee approval.
- The rule to read twice: the C-Score. If more than 30% of your profit comes from one day or one position, the request is likely to be rejected, and after any request, approved or not, the whole waiting period resets.
- Not available to citizens of the United States, Canada, Japan, Puerto Rico or Indonesia, among others. Platform is MetaTrader 5 only. Trustpilot 4.0 from 604 reviews, with 21% at one star.
Pricing snapshot
Every figure below is the regular price in euros read from SpiceProp’s individual programme pages on 17 September 2026, and cross-checked against the firm’s own promotion article, which lists each regular price beside its promo price. A twelve-code promotion was running from 16 to 23 September 2026 with reductions of roughly 20% to 40% on Spice Instant, Spice Instant Pro and the three largest Spice 2 Step sizes, plus 15% off and a 50% refund on Spice 1 Step. Those codes expire; the prices below do not.
CFD pricing
Spice Instant
| Account size | Price | Billing | Notes |
|---|---|---|---|
| EUR 1K | EUR 40 | One-time | Regular price. No evaluation. 8% static max drawdown, 2.5% daily, 1:33 leverage, permanent 80% share. |
| EUR 5K | EUR 120 | One-time | Regular price. No evaluation. 8% static max drawdown, 2.5% daily, 1:33 leverage, permanent 80% share. |
| EUR 10K | EUR 234 | One-time | Regular price. No evaluation. 8% static max drawdown, 2.5% daily, 1:33 leverage, permanent 80% share. |
| EUR 20K | EUR 422 | One-time | Regular price. No evaluation. 8% static max drawdown, 2.5% daily, 1:33 leverage, permanent 80% share. |
| EUR 40K | EUR 780 | One-time | Regular price. No evaluation. 8% static max drawdown, 2.5% daily, 1:33 leverage, permanent 80% share. |
Spice Instant Pro
| Account size | Price | Billing | Notes |
|---|---|---|---|
| EUR 1K | EUR 62 | One-time | Regular price. No evaluation. 8% static max drawdown, 1:33 leverage. Share starts at 50% and rises to 80% after the first 8% milestone, which triples the balance. Scales to EUR 960,000. |
| EUR 5K | EUR 185 | One-time | Regular price. No evaluation. 8% static max drawdown, 1:33 leverage. Share starts at 50% and rises to 80% after the first 8% milestone, which triples the balance. Scales to EUR 960,000. |
| EUR 10K | EUR 360 | One-time | Regular price. No evaluation. 8% static max drawdown, 1:33 leverage. Share starts at 50% and rises to 80% after the first 8% milestone, which triples the balance. Scales to EUR 960,000. |
Spice 1 Step
| Account size | Price | Billing | Notes |
|---|---|---|---|
| EUR 10K | EUR 129 | One-time | Regular price. Single 10% profit target, 1:100 leverage, 80% share, payouts every 14 days, scaling ability to EUR 1M. EAs and weekend holding permitted. |
| EUR 25K | EUR 219 | One-time | Regular price. Single 10% profit target, 1:100 leverage, 80% share, payouts every 14 days, scaling ability to EUR 1M. EAs and weekend holding permitted. |
| EUR 50K | EUR 389 | One-time | Regular price. Single 10% profit target, 1:100 leverage, 80% share, payouts every 14 days, scaling ability to EUR 1M. EAs and weekend holding permitted. |
| EUR 75K | EUR 586 | One-time | Regular price. Single 10% profit target, 1:100 leverage, 80% share, payouts every 14 days, scaling ability to EUR 1M. EAs and weekend holding permitted. |
Spice 2 Step
| Account size | Price | Billing | Notes |
|---|---|---|---|
| EUR 6K | EUR 45 | One-time | Regular price. Targets 7.5% then 5%, daily drawdown 5.5% then 4.5%, 11% total, 1:100 leverage. 80% share plus a 100% fee refund with the first payout, and a 7-day payout cycle. |
| EUR 10K | EUR 99 | One-time | Regular price. Targets 7.5% then 5%, daily drawdown 5.5% then 4.5%, 11% total, 1:100 leverage. 80% share plus a 100% fee refund with the first payout, and a 7-day payout cycle. |
| EUR 25K | EUR 166 | One-time | Regular price. Targets 7.5% then 5%, daily drawdown 5.5% then 4.5%, 11% total, 1:100 leverage. 80% share plus a 100% fee refund with the first payout, and a 7-day payout cycle. |
| EUR 50K | EUR 295 | One-time | Regular price. Targets 7.5% then 5%, daily drawdown 5.5% then 4.5%, 11% total, 1:100 leverage. 80% share plus a 100% fee refund with the first payout, and a 7-day payout cycle. |
| EUR 100K | EUR 499 | One-time | Regular price. Targets 7.5% then 5%, daily drawdown 5.5% then 4.5%, 11% total, 1:100 leverage. 80% share plus a 100% fee refund with the first payout, and a 7-day payout cycle. |
| EUR 150K | EUR 715 | One-time | Regular price. Targets 7.5% then 5%, daily drawdown 5.5% then 4.5%, 11% total, 1:100 leverage. 80% share plus a 100% fee refund with the first payout, and a 7-day payout cycle. |
Spice 2 Step Pro
| Account size | Price | Billing | Notes |
|---|---|---|---|
| EUR 300K | EUR 1573 | One-time | Regular price. The 300K Hot-Seat. Targets 7.5% then 5%, daily 5.5% then 4.5%, 11% total, 1:100 leverage, 90% share and a 7-day payout cycle. |
Spice 3 Step
| Account size | Price | Billing | Notes |
|---|---|---|---|
| EUR 15K | EUR 60 | One-time | Regular price. Targets 4%, 6% and 6%, 7% maximum total drawdown, 1:33 leverage at every stage. 80% share plus a 100% fee refund, scaling to EUR 500,000. |
| EUR 40K | EUR 125 | One-time | Regular price. Targets 4%, 6% and 6%, 7% maximum total drawdown, 1:33 leverage at every stage. 80% share plus a 100% fee refund, scaling to EUR 500,000. |
| EUR 80K | EUR 199 | One-time | Regular price. Targets 4%, 6% and 6%, 7% maximum total drawdown, 1:33 leverage at every stage. 80% share plus a 100% fee refund, scaling to EUR 500,000. |
| EUR 120K | EUR 295 | One-time | Regular price. Targets 4%, 6% and 6%, 7% maximum total drawdown, 1:33 leverage at every stage. 80% share plus a 100% fee refund, scaling to EUR 500,000. |
Pricing last verified: 2026-09-17
Who operates SpiceProp
SpiceProp is unusually explicit about its corporate structure, and the structure is unusually spread out. The footer disclaimer states that the website is operated by SPICEPROP SL LTD, Rodney Court Building, Rodney Bay, Gros Islet, Saint Lucia. Payment facilitators are named as SPICEPROP HK LIMITED, Flat/Rm 01-02, Austin Tower, 152 Austin Road, Tsim Sha Tsui, Hong Kong, and SPICEPROP SRO, Bucharova 2657/12, 158 00 Prague, Czech Republic. The contact block names SPP Holdings s.r.o at the same Prague address, with support hours of 9am to 5pm CET, Monday to Friday.
Three jurisdictions for one brand is not automatically a problem, and a Czech operating presence with a European support window is more substance than many competitors show. But note what the firm says about itself: it “operates as a marketing, promotional, and educational services provider” and is not a financial institution, investment firm, exchange, trading platform, custodian, fiduciary, or insurance provider, and does not operate under the supervision of financial regulatory authorities. Its own Trustpilot profile is categorised as an Educational Institution. Take that at face value: you are buying an evaluation product, not a financial service, and there is no regulator behind it.
Who cannot register
SpiceProp’s published list of countries whose citizens it cannot register is: the USA, North Korea, Eritrea, Iran, Iraq, Liberia, Libya, Somalia, Sudan, Syria, Japan, Canada, Puerto Rico and Indonesia. The firm states the reason directly, which is refreshingly candid: “To avoid potential regulatory issues, even if no trading is occurring”.
The United States and Canada together rule out most of North America, and Japan and Indonesia are unusual additions that catch traders out. Check this list before anything else.
The six programmes
SpiceProp names its programmes after chillies, which is charming and completely unhelpful when you are trying to compare them. Here is what each one actually is.
Spice Instant
No evaluation. You buy a funded account and trade from day one with a permanent 80% split, an 8% static maximum drawdown, a 2.5% daily drawdown and 1:33 leverage. Sizes are €1K at €40, €5K at €120, €10K at €234, €20K at €422 and €40K at €780. It is the cheapest way into a funded account here and, by the firm’s own cost-per-risk-capital framing, the most efficient at the top of the ladder.
One inconsistency worth knowing: the Spice Instant page carries a comparison table listing €165 for the €5K account and €285 for the €10K, while the buy buttons on the same page and the firm’s promotion article both say €120 and €234. The buy buttons are right; the table is stale.
Spice Instant Pro
The same instant structure with aggressive scaling bolted on, and one condition that the headline does not mention. You start on a 50% reward share, not 80%. Hit an 8% profit and your balance is tripled, and from that milestone onwards the share becomes 80%. Two further milestones double the balance again, to a stated maximum capacity of €960,000. Drawdown is 8% static, leverage 1:33. Sizes are €1K at €62, €5K at €185 and €10K at €360.
If you are buying Spice Instant Pro for the scaling, understand that your first 8% is earned at half rate. That is the price of the x3 jump.
Spice 1 Step
A single evaluation phase at a 10% profit target, then straight into the funded stage on an 80% share with payouts every 14 days. Leverage is 1:100, EAs and weekend holding are both permitted, and the firm advertises scaling ability up to €1M. Sizes are €10K at €129, €25K at €219, €50K at €389 and €75K at €586.
Spice 2 Step
The firm’s most popular programme and the best value on the page. Two phases at 7.5% then 5%, a 5.5% daily drawdown in phase one and 4.5% thereafter, an 11% total drawdown and 1:100 leverage throughout. The funded stage pays 80% plus a 100% refund of your entry fee with your first payout, and it is the only programme with a 7-day payout cycle as standard rather than 14.
Sizes run €6K at €45, €10K at €99, €25K at €166, €50K at €295, €100K at €499 and €150K at €715. A refundable fee, a weekly payout cycle and 1:100 leverage make this the programme to start with unless you have a specific reason not to.
Spice 2 Step Pro
One size only: a €300,000 account at €1,573, which SpiceProp calls the Hot-Seat. Same two-phase structure as Spice 2 Step (7.5% then 5%, 5.5% and 4.5% daily, 11% total, 1:100), but the funded stage pays 90% and keeps the 7-day payout cycle. It is the largest account SpiceProp sells and the only one at a 90% share.
Spice 3 Step
The defensive option. Three phases at 4%, 6% and 6%, a tight 7% maximum total drawdown and 1:33 leverage at every stage, an 80% share plus a 100% fee refund on the first payout, and a published scaling ceiling of €500,000 reached by clearing a 6% target per scale step. Sizes are €15K at €60, €40K at €125, €80K at €199 and €120K at €295.
The design trade is explicit and honest: lower targets per stage in exchange for a much tighter total drawdown and half the leverage. If you size positions conservatively it is the gentlest route here. If you need room to be wrong, 7% is not much of it.
Rules at a glance
| Programme | Target | Daily DD | Total DD | Leverage | Share | Payout cycle |
|---|---|---|---|---|---|---|
| Spice Instant | None | 2.5% | 8% static | 1:33 | 80% | 14 days |
| Spice Instant Pro | 8% per milestone | 2.5% | 8% static | 1:33 | 50%, then 80% | 14 days |
| Spice 1 Step | 10% | 4% | Published per account | 1:100 | 80% | 14 days |
| Spice 2 Step | 7.5% then 5% | 5.5% then 4.5% | 11% | 1:100 | 80% plus fee refund | 7 days |
| Spice 2 Step Pro | 7.5% then 5% | 5.5% then 4.5% | 11% | 1:100 | 90% | 7 days |
| Spice 3 Step | 4%, 6%, 6% | 3% | 7% | 1:33 | 80% plus fee refund | 14 days |
Read on 17 September 2026 from SpiceProp’s individual programme pages and Q&A articles. Crypto and stocks are 1:5 on every programme. All account sizes and prices are in euros.
Payouts, and the C-Score that governs them
SpiceProp is clearer than most firms about the difference between being allowed to ask for money and actually receiving it, and that clarity is worth quoting. To submit a payout request you must meet all of the following: the account has been active at least 14 days; you have at least 4 profitable days, each with 0.5% or more account growth against the previous day; you have generated at least €100 in realised profit; and your KYC is complete. Spice 2 Step accounts may request every 7 days, and the paid Fast-Payout add-on reduces the wait to 8 days.
The firm then says, in its own words, that these conditions “define when you are allowed to submit a payout request” and “do not automatically guarantee approval”. Every request enters a review covering profit consistency, risk management, prohibited techniques, account integrity and general compliance.
The consistency test is called the C-Score, and the threshold is published: if more than 30% of your total profit comes from a single day or a single position, your request will most likely be rejected. Credit where it is due, a rejection is not a breach. Your profits stay on the account, the account stays open, and you are invited to keep trading until the distribution evens out.
The sting is in the reset. After any payout request, approved or rejected, the conditions reset from zero. You serve the waiting period again, and you need four fresh profitable days again. A rejected request therefore costs you a full cycle, which on a 14-day programme is two weeks. Plan your requests rather than firing them off.
Two more items in the same family. Accounts with no executed trades for 30 consecutive calendar days may be suspended or closed, and the firm states that refunds are not provided for inactive accounts. And on the funded stage you receive new MT5 credentials automatically once results are verified, with KYC required before the first payout.
Trading rules
SpiceProp’s prohibited-practice list is shorter than most but more specific in two places.
Copy trading is partly allowed, which is unusual. You may copy trades from your own SpiceProp funded master account to your own SpiceProp challenge account. You may not copy from external signal providers, third-party accounts or other traders, and you may not copy between multiple funded accounts.
The 3-minute rule is the one to read carefully, because its name is misleading. Trades closed in under three minutes are not forbidden. They are fine with no extra conditions as long as they make up 5% or less of your total transactions. Above that threshold a stop-loss and take-profit discipline requirement kicks in. What the rule actually targets is passive or low-effort trading and dummy trades placed to game the system.
Instruments cover major and minor forex pairs, indices, metals, commodities, cryptocurrencies and stocks, all on live-market data. The platform is MetaTrader 5, by download or web terminal. There is no TradingView, no cTrader and no proprietary dashboard platform.
Leverage: fixed, not floating
This is SpiceProp’s most distinctive technical choice and it deserves its own note. Rather than the floating leverage most firms use, SpiceProp applies fixed leverage across both the challenge and funded stages: 1:100 on forex, metals including XAUUSD, and indices, and 1:5 on crypto and stocks. Spice Instant and Spice 3 Step accounts run at 1:33 on forex, metals and indices instead, with crypto and stocks unchanged at 1:5.
For a gold trader, 1:100 fixed on XAUUSD is a genuinely strong condition and better than most competitors offer. For anyone modelling position size across an evaluation, knowing the number will not change between phases removes a real source of error.
Reputation and the claims that do not check out
SpiceProp holds 4.0 out of 5 on Trustpilot from 604 reviews as of 17 September 2026, on a profile claimed in March 2024 with a paid Trustpilot subscription. The breakdown is 68% five star, 7% four star, 2% three star, 2% two star and 21% one star. The firm replies to 39% of negative reviews, which is the weakest engagement figure we have measured across the firms reviewed this month; most comparable firms sit above 90%.
The firm also publishes a payouts page with verified payout certificates and runs a steady stream of named trader interviews on its blog with account statements attached. That is more evidence than most firms offer and it is worth reading, with the obvious caveat that a firm chooses which traders to interview.
Two headline claims do not survive a check against the firm’s own pages. The homepage advertises “Up to €2M simulated funding”, but the highest ceiling published on any individual programme page is €1M on Spice 1 Step, with Spice Instant Pro at €960,000, Spice 3 Step at €500,000 and the largest account actually sold being the €300,000 Spice 2 Step Pro. And the homepage advertises a 95% maximum performance reward, while the highest share published on any programme page is 90%, on Spice 2 Step Pro, reachable to 85% elsewhere only by buying the +5% add-on. Neither is a large exaggeration, but both are exaggerations, and they sit on the first screen a buyer sees.
Who it suits, and who should look elsewhere
It suits you if you trade gold or major FX and want predictable sizing. Fixed 1:100 leverage on XAUUSD, identical in the challenge and the funded stage, is a better condition than most of this firm’s peers offer and removes a whole category of planning error.
It suits you if you want a refundable evaluation with a weekly payout cycle. Spice 2 Step gives you both: 100% of your fee back with the first payout, and a 7-day request cycle rather than 14. At €45 for a €6,000 account, the cost of trying is trivial.
It suits you if you are in Europe and want a firm with a European support window and a real Prague address rather than only an offshore registration.
Look elsewhere if you are a citizen of the United States, Canada, Japan, Puerto Rico or Indonesia. You cannot register.
Look elsewhere if your edge is concentrated. The 30% C-Score threshold is designed to reject exactly the profile of a trader who makes their month on one or two positions, and because a rejected request resets the clock, a concentrated month can cost you a cycle rather than just a wait.
Look elsewhere if you need anything other than MetaTrader 5, or if you cannot trade for a month at a time. Thirty days of inactivity can close the account with no refund.
Be careful with Spice Instant Pro. The scaling ladder to €960,000 is the selling point, but you earn your first 8% at a 50% share, not 80%. Model that before you compare it against the flat 80% on plain Spice Instant.
Our verdict
SpiceProp is better documented than its chilli-themed branding suggests. The programme pages state targets, drawdowns, leverage and payout cycles per stage; the Q&A is specific where it matters, including the exact C-Score threshold and the exact payout criteria; the leverage schedule is fixed and published; and the firm is honest enough to say out loud that meeting the payout criteria does not guarantee approval, which most competitors leave you to discover.
The weaknesses are the ones a careful buyer can price in. Two homepage claims overstate what the programme pages support. One programme page contradicts its own buy buttons on price. The payout reset after a rejected request is harsh and is not on the buying screen. And a 39% reply rate to negative Trustpilot reviews is a poor look for a firm whose stated value is absolute transparency.
If you fit the geography and the style, start with Spice 2 Step: it is the cheapest honest test, the fee comes back, and the 7-day cycle means you find out quickly whether the payout process works for you. That last part is the only test that matters.
Frequently Asked Questions
Is SpiceProp regulated?
No. The website is operated by SPICEPROP SL LTD in Saint Lucia, with SPICEPROP HK LIMITED in Hong Kong and SPICEPROP SRO in Prague named as payment facilitators. The firm states that it operates as a marketing, promotional and educational services provider, is not a financial institution or investment firm, and does not operate under the supervision of financial regulatory authorities.
Which countries cannot register with SpiceProp?
Its published list is the USA, North Korea, Eritrea, Iran, Iraq, Liberia, Libya, Somalia, Sudan, Syria, Japan, Canada, Puerto Rico and Indonesia. The firm says the restriction exists to avoid potential regulatory issues even though no live trading takes place.
What is the SpiceProp C-Score?
It is the consistency test applied to every payout request. If more than 30% of your total profit comes from a single day or a single position, the request will most likely be rejected during review. A rejection does not delete your profits or close your account; you keep trading and try again on the next cycle. However, after any request, approved or rejected, the payout conditions reset and you must serve the full waiting period and earn four fresh profitable days again.
How often does SpiceProp pay out?
Every 14 days as standard, every 7 days on Spice 2 Step accounts, and every 8 days with the paid Fast-Payout add-on. To request, the account must have been active for the waiting period, you need at least 4 profitable days of 0.5% or more each, at least €100 of realised profit, and completed KYC. Meeting these criteria allows a request; it does not guarantee approval.
Which SpiceProp programme is best value?
Spice 2 Step. Entry is €45 for a €6,000 account, the fee is refunded in full with your first payout, leverage is 1:100, and it is the only programme with a 7-day payout cycle as standard. The largest Spice 2 Step size is €150,000 at €715.
What leverage does SpiceProp offer?
Fixed rather than floating, and identical in the challenge and funded stages: 1:100 on forex, metals including gold, and indices, and 1:5 on crypto and stocks. Spice Instant and Spice 3 Step accounts run at 1:33 on forex, metals and indices instead.
Which platform does SpiceProp use?
MetaTrader 5 only, by download or web terminal. TradingView, cTrader and DXtrade are not offered.
Is copy trading or EA use allowed?
Expert advisors are permitted. Copy trading is partly allowed: you may copy from your own SpiceProp funded account to your own SpiceProp challenge account, but not from external signal providers, third-party accounts, other traders, or between multiple funded accounts. Trades closed in under three minutes are allowed provided they are 5% or less of your total transactions; above that a stop-loss and take-profit requirement applies.
Does SpiceProp refund the challenge fee?
On Spice 2 Step and Spice 3 Step the entry fee is refunded in full with your first payout. Refunds are not provided for accounts closed through 30 days of inactivity.
What is SpiceProp’s Trustpilot rating?
4.0 out of 5 from 604 reviews as of 17 September 2026, on a profile claimed in March 2024. The breakdown is 68% five star, 7% four star, 2% three star, 2% two star and 21% one star. The firm replies to 39% of negative reviews.
Official resources and pricing
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