Spiceprop – Firm Review
- Achieve consistent profits through discipline
- Fast-track your financial freedom journey
- Risk-free evaluation with guaranteed capital
- Minimal initial investment required
- Daily coaching transforms trading skills
Company Overview
Spiceprop stands out as a modern proprietary trading firm focused on providing traders with capital access through structured challenge programs. Founded with the mission to empower traders globally, Spiceprop offers both Standard and Professional challenge paths designed to identify disciplined, consistent trading talent. The company provides account sizes ranging from $10,000 to $200,000, with attractive profit splits of up to 90% for successful traders. What distinguishes Spiceprop is its trader-centric approach, featuring reasonable profit targets, flexible trading conditions, and a streamlined two-phase evaluation process. Their platform is particularly beneficial for traders looking to scale their strategies without risking personal capital, while their trading dashboard offers comprehensive analytics to help traders monitor performance metrics and improve trading decisions.
Key Features at a Glance
Challenge Fees
- $49 for $10,000 account – Most affordable entry point for beginners
- $99 for $25,000 account – Popular mid-tier option with balanced capital
- $199 for $50,000 account – Advanced traders’ choice with higher earning potential
- $299 for $100,000 account – Professional-level account for experienced traders
- $499 for $200,000 account – Premium tier offering maximum capital allocation
Account Types
- Standard Challenge: 8% profit target with 5% maximum drawdown – Suitable for methodical traders focusing on consistent returns
- Professional Challenge: 12% profit target with 8% maximum drawdown – Designed for more aggressive trading styles with higher return expectations
- Funded Account: Full access to capital with bi-weekly payouts – Granted after successfully passing both evaluation phases
Profit Split Options
- Standard Split: 80% for traders – Default profit-sharing arrangement for all initial funded accounts
- Loyalty Program: Up to 90% for traders – Increased share for traders who maintain consistent performance
- Scaling Program: Increased capital allocation with consistent profits – Opportunity to manage larger accounts while maintaining the same profit split
Account Sizes
- $10,000: Entry-level account with $49 challenge fee – Perfect for beginners testing their strategies
- $25,000: Mid-tier account with $99 challenge fee – Popular option balancing cost and capital
- $50,000: Advanced account with $199 challenge fee – Suitable for experienced traders seeking substantial capital
- $100,000: Professional account with $299 challenge fee – Designed for full-time traders with proven strategies
- $200,000: Premium account with $499 challenge fee – Maximum capital allocation for elite traders
Trading Platforms
- MetaTrader 5 (MT5): Full-featured platform with advanced charting and automation capabilities – Ideal for algorithmic traders
- Custom Trading Dashboard: Proprietary performance tracking system – Provides real-time metrics on trading performance and rule compliance
Financial Markets
- Forex: Major, minor, and exotic currency pairs – Access to global currency markets with competitive spreads
- Indices: Major global stock indices – Trade market indices with leverage
- Commodities: Gold, silver, oil, and other major commodities – Diversification options across different asset classes
- Cryptocurrencies: Major digital assets – Access to crypto markets through CFDs
Challenge Programs Detail
Standard Challenge
| Feature | Challenge Phase | Verification Phase |
|---|---|---|
| Duration | No time limit | No time limit |
| Profit Target | 8% | 5% |
| Daily Drawdown | 4% | 4% |
| Maximum Drawdown | 8% | 8% |
| Minimum Trading Days | 10 days | 10 days |
Professional Challenge
| Feature | Challenge Phase | Verification Phase |
|---|---|---|
| Duration | No time limit | No time limit |
| Profit Target | 12% | 8% |
| Daily Drawdown | 5% | 5% |
| Maximum Drawdown | 10% | 10% |
| Minimum Trading Days | 8 days | 8 days |
Challenge Specifications
- Max Allocation: Up to $1,000,000 through the scaling program for consistently profitable traders
- Scaling: 25% increase in account size after every 3 months of profitable trading
- Trading Competitions: Monthly contests with cash prizes and account upgrades for top performers
- Free Trial: 7-day demo account available to test platform features and trading conditions
- Profit Targets: Reasonable targets (8% for Standard, 12% for Professional) with no time constraints
- Drawdown Structure:
- Daily: 4% limit for Standard accounts, 5% for Professional accounts
- Maximum: 8% overall drawdown limit for Standard, 10% for Professional
- Trailing: No trailing drawdown – only absolute drawdown from initial balance
Trading Rules and Requirements
- No holding positions overnight on weekends to avoid exposure to weekend gaps
- News trading allowed with proper risk management
- Minimum 10 trading days required for Standard Challenge, 8 days for Professional Challenge
- Maximum consecutive loss days limited to 3 before requiring a cooling-off period
- EAs and algorithmic trading permitted with prior approval
- No hedging or arbitrage strategies allowed
- Required consistency – no single trade can exceed 3% of account profit target
Company Information
- Founded: 2021
- Headquarters: London, United Kingdom
- Regulation: Regulated by the Financial Conduct Authority (FCA)
- Support Hours: 24/5 customer service via live chat, email, and phone
- Languages: Support available in English, Spanish, Arabic, and Chinese
- Educational Resources: Free webinars, trading guides, and market analysis
Payout Methods
- Bank Transfer (3-5 business days)
- PayPal (1-2 business days)
- Skrill (1-2 business days)
- Neteller (1-2 business days)
- Bitcoin and other cryptocurrencies (1 business day)
Trading Commissions
- Forex: $7 per lot round turn (standard account)
- Indices: $8 per lot round turn
- Commodities: $8 per lot round turn
- Cryptocurrencies: 0.05% per trade
- No monthly fees for funded traders
IP Rules
- One IP address per trader – multiple accounts from the same IP not permitted
- VPN use permitted with prior notification to support
- Location changes must be reported to prevent account restrictions
- Mobile trading allowed from different IPs with verification
Video Review
Spiceprop Review
Comprehensive review of Spiceprop trading services
Unique Features
Trading Dashboard
- Real-time performance metrics and risk analysis
- Rule violation alerts to help prevent account breaches
- Trading journal integration for strategy refinement
- Mobile app for monitoring account status on the go
Education & Support
- One-on-one coaching sessions for funded traders
- Weekly market analysis webinars by professional analysts
- Community discord server for trader networking
- Trading strategy library with proven setups
Why Choose Spiceprop?
Spiceprop stands out in the competitive prop firm landscape by offering a trader-first approach that focuses on sustainable growth rather than unrealistic targets. Their evaluation model is designed to identify disciplined traders who can demonstrate consistent profitability rather than risky, high-return strategies.
Key advantages include:
- No time limits on challenge phases – trade at your own pace
- Reasonable profit targets that encourage proper risk management
- Generous 80-90% profit splits, higher than industry average
- Scaling program that can increase account size up to $1M
- Comprehensive trader dashboard with performance analytics
- Bi-weekly payouts with multiple payment methods
- Responsive 24/5 support from experienced trading professionals
Frequently Asked Questions
How long does it take to get funded?
The time to get funded varies based on your trading performance. Since there are no time limits for completing the challenge phases, you can progress at your own pace. Traders who meet the profit targets while respecting trading rules can typically complete both phases in 3-6 weeks. Once you successfully complete both the Challenge and Verification phases, your funded account is typically set up within 24-48 hours.
Can I hold positions over the weekend?
No, Spiceprop requires all positions to be closed before the weekend market close. This rule is in place to protect both traders and the firm from weekend gaps and unexpected market volatility when markets reopen. All positions should be closed by Friday at 21:00 GMT during standard time and 20:00 GMT during daylight saving time.
What happens if I break a rule?
Rule violations are handled on a case-by-case basis. Minor violations may result in a warning, while major violations like exceeding the maximum drawdown will result in immediate account termination. If you believe a rule violation occurred due to technical issues or extraordinary circumstances, you can contact the support team who may review your case. For funded traders, repeated minor violations can lead to profit-split reductions.
Can I trade news events?
Yes, Spiceprop allows news trading, which sets them apart from many other prop firms. However, they strongly recommend using proper risk management during volatile news events. While there are no specific restrictions on trading during news releases, the standard account protection rules still apply, including maximum drawdown limits. Traders should be aware that high-impact news can create significant volatility that might quickly trigger stop-outs.
How often can I withdraw profits?
Funded traders can withdraw profits on a bi-weekly basis. The profit calculation cutoff dates are the 15th and last day of each month, with payments processed within 3-5 business days afterward. There is no minimum withdrawal amount, and traders receive 80% of profits (up to 90% through the loyalty program). To request a withdrawal, simply submit a request through your dashboard, and select your preferred payment method.
