Prop Tradr – Firm Review
- Proven path to funding success
- Swift profit splits paid quickly
- Direct help from experienced professionals
- Customizable account scaling opportunities
- Global community supporting your journey
Company Overview
Prop Trader stands out in the proprietary trading industry as a firm dedicated to helping traders access larger capital without requiring substantial personal investment. Founded with the vision of democratizing trading opportunities, Prop Trader offers a structured path to becoming a funded trader through their challenge programs. The company provides traders with access to professional trading tools, multiple account sizes, and competitive profit splits.
What distinguishes Prop Trader is their balanced approach to risk management and profit targets, designed to identify disciplined traders who can generate consistent returns. Their two-phase evaluation processâChallenge and Verificationâensures traders demonstrate consistent profitability before receiving funded accounts. With transparent rules, reliable payouts, and a trader-focused approach, Prop Trader has established itself as a reputable option for both novice and experienced traders seeking to scale their trading careers with institutional capital.
Key Features at a Glance
Challenge Fees
- Standard Challenge – One-time fee ranging from $99 to $999 depending on account size
- Professional Challenge – Premium option with higher fees but more flexible trading parameters
- Discount Promotions – Periodic special offers that reduce entry fees for new traders
- Refundable Fee Option – Challenge fee is refunded after a specific number of profitable months
Account Types
- Standard Challenge Account: Balanced trading parameters with 10% profit target and standardized drawdown limits
- Professional Challenge Account: Enhanced flexibility with modified profit targets and more lenient risk parameters
- Funded Account: Fully funded live trading account with real capital after passing both evaluation phases
- Scaling Account: Progressive capital increase based on consistent performance metrics
Profit Split Options
- Standard Split: 80/20 profit sharing structure (80% to trader, 20% to Prop Trader)
- Performance-Based Scaling: Increased profit share (up to 90%) based on consistent trading performance
- Challenge Type Split: Professional Challenge accounts receive higher initial profit splits
- Loyalty Program: Long-term traders gain improved profit splits after specific performance milestones
Account Sizes
- $10,000: Entry-level account with lower challenge fee, ideal for beginners building trading skills
- $25,000: Mid-tier account offering balanced capital for diverse trading strategies
- $50,000: Advanced account providing significant capital for experienced traders
- $100,000: Professional-grade account designed for high-performance traders with proven strategies
- $200,000: Premium account offering substantial capital for maximum profit potential
Trading Platforms
- MetaTrader 4 (MT4): Industry standard platform with extensive technical analysis tools and custom indicators
- MetaTrader 5 (MT5): Advanced next-generation platform offering enhanced features and multi-asset trading
- TradingView: Web-based charting and trading platform with social networking features
- cTrader: Sophisticated ECN platform with advanced execution and depth of market capabilities
Financial Markets
- Forex: Over 50 currency pairs including majors, minors, and exotics with competitive spreads
- Commodities: Access to major commodities like gold, silver, oil, and natural gas
- Indices: Trade global stock indices including S&P 500, NASDAQ, DAX, and Nikkei
- Metals: Specialized trading in precious and industrial metals markets
- Cryptocurrencies: Major crypto pairs with Bitcoin, Ethereum, and other leading digital assets
Challenge Programs Detail
Standard Challenge
| Feature | Challenge Phase | Verification Phase |
|---|---|---|
| Duration | No time limit | No time limit |
| Profit Target | 10% | 5% |
| Daily Drawdown | 5% | 5% |
| Maximum Drawdown | 10% | 10% |
| Minimum Trading Days | 10 days | 10 days |
Professional Challenge
| Feature | Challenge Phase | Verification Phase |
|---|---|---|
| Duration | No time limit | No time limit |
| Profit Target | 8% | 4% |
| Daily Drawdown | 6% | 6% |
| Maximum Drawdown | 12% | 12% |
| Minimum Trading Days | 8 days | 8 days |
Challenge Specifications
- Max Allocation: Up to $200,000 initial funded account with potential for scaling based on performance
- Scaling: Account size can be increased by 25% after every 3 consecutive profit months with funded account
- Trading Competitions: Monthly competitions with additional cash prizes for top-performing traders
- Free Trial: 7-day demo challenge available to test the platform before committing to a paid challenge
- Profit Targets: Percentage-based targets that scale according to account size and challenge type
- Drawdown Structure:
- Daily: 5-6% maximum loss allowed within a single trading day
- Maximum: 10-12% overall account drawdown from starting balance
- Trailing: Dynamic drawdown calculated from highest account equity point (implemented on funded accounts)
Trading Rules and Requirements
- No arbitrage or price latency exploitation strategies permitted
- News trading is allowed but with reduced leverage during major economic events
- Maximum allowed holding period is typically 7 days with weekend holdings permitted
- Minimum 10 trading days required during each challenge phase
- Position sizes limited to 5% of account equity for any single trade
- Simultaneous open positions limited to 5 trades across all markets
- Martingale and grid trading strategies are prohibited
- Expert Advisors (EAs) are permitted if they don’t violate other trading rules
Company Information
- Established in 2017, headquartered in London with additional offices in Singapore
- Regulated by the Financial Conduct Authority (FCA) in the UK
- Uses institutional-grade liquidity providers for trade execution
- 24/5 customer support available via live chat, email, and phone
- Active community with over 45,000 traders worldwide
- Regular educational webinars and training resources for traders
Payout Methods
- Bank Wire Transfer (3-5 business days)
- Skrill (24-48 hours)
- PayPal (24-48 hours)
- Bitcoin and other cryptocurrencies (1-24 hours)
- Wise (formerly TransferWise) (2-3 business days)
- Monthly profit distribution between 1st-15th of each month
Trading Commissions
- Forex pairs: $7 round turn per standard lot ($100,000)
- Indices: $4-10 per standard contract depending on the specific index
- Commodities: $6-12 per standard contract depending on the commodity
- Metals: $8 per standard lot for gold and silver
- Cryptocurrencies: 0.1% of trade value
- No commission charged during challenge and verification phases
IP Rules
- One IP address per trader account to prevent sharing of accounts
- VPN usage requires prior approval from compliance department
- Traveling traders must notify support before accessing from new locations
- Multiple accounts from same household allowed but must be registered separately
- Location verification may be required for large withdrawals
Video Review
Prop Trader Review
Comprehensive review of Prop Trader trading services
Unique Features
Trader Support
- Dedicated account managers for funded traders
- Weekly performance analysis and trading strategy reviews
- Trading psychology coaching sessions
- Community Discord server for trader networking
Technology
- Real-time performance dashboard with advanced analytics
- Mobile app for account management and trade monitoring
- Custom backtesting tools for strategy optimization
- Institutional-grade execution with minimal slippage
Educational Resources
- Comprehensive trading academy with structured courses
- Live weekly webinars hosted by professional traders
- Strategy library with proven trading systems
- Market analysis and trade idea newsletters
Why Choose Prop Trader?
Prop Trader stands out in the crowded proprietary trading firm landscape by focusing on creating sustainable trading careers rather than just short-term evaluation hurdles. Their approach balances reasonable challenge parameters with trader-friendly policies, making them suitable for both developing and experienced traders.
Key advantages include:
- No time limits on challenges, allowing traders to develop at their own pace
- Generous 80/20 profit split with scaling opportunities up to 90/10
- Balanced risk parameters that protect capital while allowing trading flexibility
- Multiple account sizes from $10,000 to $200,000 to match different experience levels
- Comprehensive educational resources and community support
- Fast and reliable payment processing with multiple withdrawal methods
- Transparent rules and consistent enforcement of trading guidelines
- Professional-grade trading infrastructure with institutional liquidity
Frequently Asked Questions
How long does it take to get funded?
The time to achieve funding varies by trader, as Prop Trader imposes no time limits on their challenges. Most successful traders complete the Standard Challenge in 1-3 months, followed by the Verification Phase which typically takes another 1-2 months. Once both phases are successfully completed, funded account setup occurs within 1-3 business days. Aggressive traders might complete the process faster, while conservative traders may take longer to meet the profit targets while staying within drawdown parameters.
Can I hold positions over the weekend?
Yes, Prop Trader allows weekend position holdings across all account types and markets. There are no restrictions on holding trades from Friday to Monday, giving traders flexibility to capture longer-term market movements. However, traders should be aware of weekend gap risk, especially when holding large positions during major economic or geopolitical events. The platform calculates drawdown based on actual equity values when the market reopens, so any gaps will count toward daily and maximum drawdown calculations.
What happens if I break a rule?
Rule violations are handled case-by-case, with outcomes depending on the specific rule broken and context. Minor infractions typically result in warnings, while serious violations like using prohibited trading strategies may lead to immediate account termination without refund. Unintentional technical violations are often addressed through trader education with opportunity for correction. For funded accounts, Prop Trader may implement temporary trading restrictions or reduce position sizes rather than immediate termination. Traders can appeal decisions through the compliance department if they believe a rule violation was incorrectly identified.
Can I trade news events?
Yes, Prop Trader allows news trading on all account types, making it more flexible than many competing prop firms. Traders can hold positions during major economic announcements, central bank decisions, and other high-impact events. However, during exceptionally volatile news periods (like NFP or Fed announcements), leverage may be automatically reduced to manage risk. The platform provides an economic calendar highlighting events where leverage adjustments will occur. Despite allowing news trading, traders are still required to maintain positions within the daily and maximum drawdown limits regardless of market volatility.
How often can I withdraw profits?
Funded traders can withdraw profits once monthly, with profit calculations and processing occurring between the 1st and 15th of each month. The minimum withdrawal amount is $100, and there’s no maximum limit on withdrawals. First-time withdrawals require identity verification through a standard KYC process that typically takes 1-2 business days. Processing times vary by payment method, with cryptocurrency being fastest (1-24 hours) and bank transfers taking longest (3-5 business days). There are no withdrawal fees charged by Prop Trader, though payment processors may apply their own fees.
