Prop Number One – Firm Review
- Swift capital scaling after success
- Excellent support via multiple channels
- Rapid payouts without excessive delays
- Flexible trading without arduous limitations
- Lifetime funding accessible upon qualification
Company Overview
Prop Number One stands as a reputable proprietary trading firm offering traders the opportunity to access significant capital without risking their own funds. Established to empower traders of all experience levels, the company provides a structured path to becoming a funded trader through its comprehensive challenge programs. What sets Prop Number One apart is its transparent evaluation process, competitive profit splits, and diverse account size options ranging from $10,000 to $200,000.
The firm caters to both beginners and seasoned professionals with its two-phase evaluation model: the Challenge Phase and the Verification Phase. Once traders successfully navigate these phases, they gain access to funded accounts where they can trade with the firm’s capital while keeping a significant portion of the profits. With support for multiple trading platforms and a wide range of financial markets, Prop Number One creates an accessible environment for traders looking to scale their careers without the limitations of their personal capital.
Key Features at a Glance
Challenge Fees
- $10,000 Account – $97 one-time fee to enter the challenge program
- $25,000 Account – $167 one-time fee with no recurring charges
- $50,000 Account – $247 flat fee with lifetime access to the challenge
- $100,000 Account – $397 offering greater capital with proportional pricing
- $200,000 Account – $597 providing maximum capital potential for experienced traders
Account Types
- Standard Challenge: Designed for new traders with more lenient trading parameters and extended evaluation periods
- Professional Challenge: Tailored for experienced traders with higher profit targets and more stringent rules but faster pathway to funding
- Funded Account: Available after passing both challenge phases, providing full access to firm capital with profit sharing
Profit Split Options
- Standard Split: 80% trader/20% firm – The default profit-sharing arrangement for most traders
- Performance Scaling: Up to 90% trader/10% firm – Available after consistent performance milestones
- Consistency Bonus: Additional 5% profit share for traders maintaining positive results over multiple months
Account Sizes
- $10,000: Entry-level account ideal for beginners with lower challenge fee requirements
- $25,000: Mid-tier account balancing affordability and capital access
- $50,000: Professional-level account for traders with established strategies
- $100,000: Advanced account for experienced traders seeking significant capital
- $200,000: Premium account offering maximum trading potential for elite traders
Trading Platforms
- MetaTrader 4: Industry-standard platform with extensive technical analysis tools and customization options
- MetaTrader 5: Advanced platform with enhanced features, expanded timeframes, and improved order execution
- TradingView: Web-based platform featuring superior charting capabilities and social trading features
- cTrader: Professional platform with direct market access and advanced execution capabilities
Financial Markets
- Forex: Major, minor, and exotic currency pairs with competitive spreads
- Indices: Global stock market indices including S&P 500, NASDAQ, DAX, and more
- Commodities: Energy, precious metals, and agricultural products with flexible contract sizes
- Cryptocurrencies: Major digital currencies including Bitcoin, Ethereum, and others
- Stocks: Select equities from major global exchanges with competitive commission structures
Challenge Programs Detail
Standard Challenge
| Feature | Challenge Phase | Verification Phase |
|---|---|---|
| Duration | 30 days | 60 days |
| Profit Target | 8% | 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 | 10% | 5% |
| Daily Drawdown | 4% | 4% |
| Maximum Drawdown | 8% | 8% |
| Minimum Trading Days | 5 days | 5 days |
Challenge Specifications
- Max Allocation: Up to $2 million available for consistently profitable traders through the scaling program
- Scaling: 25% capital increase after every third profitable month with maintained risk parameters
- Trading Competitions: Monthly contests with bonus capital prizes for top-performing traders
- Free Trial: 7-day demo challenge available to test the platform before committing
- Profit Targets: Ranging from 5-10% depending on account type and challenge phase
- Drawdown Structure:
- Daily: 4-5% maximum loss allowed in a single trading day
- Maximum: 8-10% total account drawdown allowed
- Trailing: Implemented on funded accounts, locking in 50% of profits achieved
Trading Rules and Requirements
- No overnight positions allowed during major economic news events
- Maximum position size limited to 5% of account equity
- No hedging or martingale strategies permitted
- Minimum of 5-10 trading days required during evaluation phases
- Must maintain a risk-reward ratio of at least 1:1 on all trades
- No trading during the first 2 minutes of market open or last 5 minutes before close
- Trades must be held for a minimum of 2 minutes to avoid scalping rules violations
Company Information
- Founded in 2019 by professional traders with institutional experience
- Headquartered in London with additional offices in Singapore and New York
- Regulated by financial authorities in multiple jurisdictions
- 24/7 customer support available via live chat, email, and phone
- Educational resources including webinars, trading guides, and one-on-one coaching
- Active community with over 50,000 traders worldwide
Payout Methods
- Bank Wire Transfer (3-5 business days)
- PayPal (1-2 business days)
- Skrill (24-48 hours)
- Bitcoin and other cryptocurrencies (1-24 hours)
- Wise/TransferWise (2-3 business days)
Trading Commissions
- Forex: $5 per standard lot round turn
- Indices: $2-4 per contract depending on the specific index
- Commodities: $3-7 per contract based on the specific commodity
- Stocks: 1-2 cents per share with a $1 minimum
- Cryptocurrencies: 0.05% of position value
IP Rules
- Maximum of two IP addresses allowed per trader account
- VPNs are prohibited during challenge and funded phases
- IP address changes must be approved in advance through support
- Travel exceptions available with prior notice and documentation
- Multiple accounts sharing the same IP may require verification
Video Review
Prop Number One Review
Comprehensive review of Prop Number One trading services
Unique Features
Trader Support
- One-on-one mentoring sessions with professional traders
- Weekly market analysis webinars for all account holders
- Proprietary risk management tools and dashboard
- Trading psychology coaching and resources
Technological Edge
- Custom trade analytics dashboard with performance metrics
- Real-time trade monitoring with instant feedback
- Advanced API integration options for algorithmic traders
- Mobile app for account management and trade monitoring
Why Choose Prop Number One?
Prop Number One stands out in the crowded prop trading marketplace by offering a balanced approach that caters to both new and experienced traders. Their funding model is designed to be both challenging enough to identify skilled traders and accessible enough to give genuine talent a real opportunity.
Key advantages include:
- Higher profit splits (up to 90%) compared to industry average (typically 70-80%)
- No time limits on professional challenges, allowing traders to progress at their own pace
- Faster scaling program that can increase account size by 25% every three months
- Comprehensive educational resources included with all challenge accounts
- Transparent rules with no hidden restrictions or sudden policy changes
- Reliable bi-weekly payout schedule with no minimum withdrawal requirements
Frequently Asked Questions
How long does it take to get funded?
Most traders who pass the challenge can expect to receive their funded account within 24-48 hours after completing the verification phase. The entire process, from starting the challenge to receiving funding, typically takes between 1-3 months depending on your trading frequency and performance.
Can I hold positions over the weekend?
Yes, Prop Number One allows weekend position holding on most instruments. However, during major economic events or heightened market volatility, the firm may require reduced exposure or complete closure of positions before market close on Friday. These requirements are clearly communicated through the trader dashboard and email alerts.
What happens if I break a rule?
Rule violations are handled on a case-by-case basis. Minor infractions typically result in warnings, while serious violations like exceeding maximum drawdown limits will result in account termination. Prop Number One provides a grace period for certain rule breaches, particularly for new traders still learning the system. All funded traders receive a comprehensive rule book and compliance training.
Can I trade news events?
Yes, trading during news events is permitted, but with certain restrictions. Traders must reduce their position sizes by 50% when trading within 15 minutes of major economic announcements. Additionally, stop losses are mandatory for all positions opened around high-impact news events. The company provides a news calendar with volatility ratings to help traders navigate these requirements.
How often can I withdraw profits?
Funded traders can withdraw profits on a bi-weekly basis. The payment schedule operates on the 1st and 15th of each month, with profit calculations completed within 48 hours after these dates. There is no minimum withdrawal amount, and profits are typically processed within 3-5 business days, depending on the payment method selected.
