PropXP – Firm Review
- Static drawdown – no trailing, anchored to starting balance
- Challenges from $30 for a $3,000 account
- Up to 95% profit-reward split (with add-on)
- 1-Step, 2-Step, and Instant Funding models on MT5
- First reward on-demand at 1% profit, then bi-weekly
Company Overview
PropXP is a proprietary trading evaluation program launched in November 2024 and operated by PropXP Ltd, incorporated in Saint Lucia (registration number 2025-00696). The firm was founded by Giorgos Piskopianos, a former executive at CMTrading, and is built around a single defining philosophy: static drawdown. Unlike the trailing drawdowns used by many competitors, PropXP anchors the maximum loss limit to the starting balance for the entire life of the account – so the “floor” never moves up behind you as your balance grows.
The program runs entirely in a simulated trading environment on MetaTrader 5. Traders choose from three models – a 1-Step Challenge, a 2-Step Challenge, or Instant Funding – across six account sizes from $3,000 to $200,000, and can hold up to $400,000 in aggregate simulated capital across multiple accounts (with copy trading permitted between your own PropXP accounts). Performance rewards scale up to 95% with a dedicated profit-split add-on. Payments are processed through Corevian Services Limited, the firm’s Cyprus-based payment agent.
Key Features at a Glance
Program Cost
- Challenge fees start at $30 for a $3,000 account
- No monthly or membership fees
- Add-on bundle (all four add-ons): $249 – refunded after second reward
- Add-ons available a la carte: 95% Profit Split, Weekend Trading, News Trading (Funded), 7-Day Reward Request
- Welcome20 discount available for new clients
How to Get Started
- Register for a free account at propxp.com
- Select your model (1-Step, 2-Step, or Instant Funding)
- Choose your account size from $3K to $200K
- Add any add-ons that fit your trading style
- Complete the evaluation and request your first reward on-demand at 1% profit
Profit Reward Split
- Standard profit split applied to all funded accounts by default
- Up to 95% reward split available via the dedicated add-on
- First reward on-demand once eligibility is met (1% profit)
- Subsequent rewards available bi-weekly
- $50 minimum withdrawal, no cap on amount
Account Sizes
- $3,000 – entry-level account from $30
- $10,000 – low-cost mid-tier option
- $25,000 – flexible mid-tier capital
- $50,000 – popular mid-to-large tier
- $100,000 – large account for experienced traders
- $200,000 – top single-account tier (up to $400,000 in aggregate across accounts)
Trading Platform
- MetaTrader 5 (MT5) – desktop and mobile
- Multi-asset, advanced charting, fast execution
- No MT4 or cTrader currently supported
Financial Markets
- Forex – major, minor and exotic pairs (leverage up to 1:100)
- Indices – global stock indices (leverage 1:25)
- Commodities and metals – gold, silver, oil (leverage 1:25)
- Stocks – CFDs on global equities (leverage 1:10)
- Cryptocurrencies – crypto CFDs (leverage 1:2)
Program Models
PropXP Challenge Models
| Feature | 1-Step | 2-Step | Instant Funding |
|---|---|---|---|
| Profit Target | 10% | 10% / 5% | None |
| Drawdown Type | Static | Static | Static |
| Consistency Rule | 40% | 40% | 20% |
| News Trading | Allowed | Allowed | Add-on required |
| Weekend Holding | Allowed | Allowed | Add-on required |
Account Sizes and Leverage
| Account Size | Forex | Indices / Metals | Stocks / Crypto |
|---|---|---|---|
| $3,000 | 1:100 | 1:25 | 1:10 / 1:2 |
| $10,000 | 1:100 | 1:25 | 1:10 / 1:2 |
| $25,000 | 1:100 | 1:25 | 1:10 / 1:2 |
| $50,000 | 1:100 | 1:25 | 1:10 / 1:2 |
| $100,000 | 1:100 | 1:25 | 1:10 / 1:2 |
| $200,000 | 1:100 | 1:25 | 1:10 / 1:2 |
Program Specifications
- Drawdown Type: static across all models – fixed limit anchored to starting balance, never trails
- Daily Drawdown: equity-based, calculated at the start of the day and static for the whole day
- Maximum Drawdown: fixed from day one, defined in dollar terms per account size
- Consistency Rule: 40% on Challenge models, 20% on Instant Funding – no single day’s profit can exceed this percentage of total accumulated profit
- Max Aggregate Funding: up to $400,000 across multiple PropXP accounts
- Leverage: 1:100 forex, 1:25 indices and metals, 1:10 stocks, 1:2 crypto
Trading Rules and Requirements
- Manual trading allowed (the default)
- Copy trading allowed between your own PropXP accounts
- EAs allowed with sensible restrictions
- Overnight holding allowed on all models
- News trading allowed in the challenge phase; funded news trading requires the News Trading add-on
- Weekend holding requires the Weekend Trading add-on
- HFT, hedging across accounts, correlation trading and group trading are restricted
- Pause trading while a reward request is processing
Company Information
- Founded: November 5, 2024
- CEO / Founder: Giorgos Piskopianos (formerly CMTrading)
- Legal Entity: PropXP Ltd, Saint Lucia (registration 2025-00696)
- Registered Office: Ground Floor Rodney Court Building, Rodney Bay, Gros Islet, Saint Lucia
- Payment Agent: Corevian Services Limited (Cyprus, HE489577)
- Regulation: none – PropXP operates as a simulated proprietary trading firm, not a regulated broker
- Languages: English, Spanish, Hebrew, Arabic, Greek, French, German, Persian, Portuguese, Turkish
- Customer Support: Live chat (LiveChat), multi-language
- Community: Discord, Telegram, social channels
Payout Methods
- Payments processed via Corevian Services Limited (Cyprus payment agent)
- Minimum withdrawal: $50
- No cap on withdrawal amount
- First reward request available on-demand once eligible (1% profit reached)
- Subsequent rewards available bi-weekly
- Processing time: 1-2 business days from approval
Trading Commissions
- Standard PropXP spreads on MT5 (no additional broker markup disclosed)
- No performance fees beyond the reward-split structure
- No inactivity fees during active programs
- Add-ons are one-time purchases at checkout
IP Rules
- One trader, multiple PropXP accounts permitted (up to $400K aggregate)
- Copy trading is allowed between your own PropXP accounts
- Account sharing with other persons is prohibited
- VPN use should be disclosed to support
- Standard KYC and AML requirements apply
Unique Features
Static Drawdown – No Trailing
PropXP’s defining feature: max-loss limits are fixed from day one and never trail upward as your balance grows. This is rare in the prop space (most competitors use trailing drawdown that effectively shrinks your risk room as you make money) and is the strongest single reason to consider PropXP over a similarly priced challenge firm.
Add-on Customization
Four optional add-ons let traders tailor the program to their style: 95% profit split, Weekend Trading, Funded News Trading, and 7-Day Reward Request. The full bundle is $249 and is refunded after your second reward. The trade-off is that the headline challenge fee doesn’t reflect the full price for traders who want every feature.
Multi-Model Choice
Three program models – 1-Step, 2-Step, and Instant Funding – let you pick the path that fits your trading style and time horizon. The 1-Step is the fastest route, the 2-Step is more conservative, and Instant Funding skips the evaluation entirely with stricter rules.
Trading Academy and Community
PropXP runs a trading academy with tutorials and guides, and operates active Discord and Telegram communities alongside multi-language LiveChat support. The educational layer is heavier than at most challenge-only competitors.
Why Choose PropXP?
PropXP is one of the few prop firms in the market built around static drawdown as a core promise rather than a marketing add-on. Combined with a $30 entry price, a real Instant Funding option, and an up-to-95% reward split, it offers a meaningfully different risk profile than the typical trailing-drawdown challenge firm.
Key advantages include:
- Static drawdown across all three models – the trader-friendly choice
- $30 entry point makes the program accessible to new traders
- Flexible add-on system lets you pay only for the rules you need
- Real Instant Funding option for traders who don’t want a challenge phase
- Aggregate funding up to $400K across multiple accounts
- Bi-weekly rewards with a $50 minimum and no cap
- Established management – founder previously held a senior role at CMTrading
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