4PropTrader – Firm Review
- Premium capital backing for traders
- Swift payouts with minimal delays
- Flexible scaling opportunities await winners
- Expert coaching from market professionals
- Advanced platforms with superb tools
Company Overview
4PropTrader is an innovative proprietary trading firm that offers traders the opportunity to access significant capital without risking their own money. Founded with the mission to empower traders of all experience levels, 4PropTrader provides a structured pathway to becoming a funded trader through its challenge-based evaluation process. The firm stands out for its transparent rules, competitive profit splits, and trader-friendly conditions.
With 4PropTrader, traders can access accounts ranging from $10,000 to $200,000 after successfully passing a two-phase evaluation program. The firm supports multiple trading instruments across forex, indices, commodities, and cryptocurrencies, making it suitable for various trading styles and strategies. What distinguishes 4PropTrader is its focus on creating realistic trading conditions that prepare traders for long-term success in live market environments while offering substantial profit potential.
Key Features at a Glance
Challenge Fees
- Standard Challenge – One-time fee starting from $99 for $10,000 accounts up to $599 for $200,000 accounts
- Professional Challenge – Premium program with higher fees but more lenient rules, ranging from $199 for $10,000 accounts to $799 for $200,000 accounts
- Express Funding – Fast-track option available for experienced traders who want to skip the evaluation process
Account Types
- Standard Challenge: Basic evaluation program with standard trading rules and conditions
- Professional Challenge: Advanced program with more flexible trading parameters for experienced traders
- Funded Account: Fully funded trading account provided after successful completion of the evaluation phases
- Demo Account: Free practice environment for traders to test strategies before committing to a challenge
Profit Split Options
- Standard Split: 80/20 profit share in favor of the trader on initial funded accounts
- Scaling Plan: Potential to increase profit split to 90/10 after consistent performance
- Performance Bonuses: Additional profit opportunities through trading competitions and milestone achievements
Account Sizes
- $10,000: Entry-level account accessible with a low initial investment fee
- $25,000: Mid-tier account offering balanced trading capital for intermediate traders
- $50,000: Advanced account size for experienced traders seeking higher profit potential
- $100,000: Professional-level account for serious traders with proven strategies
- $200,000: Maximum account size for elite traders with exceptional risk management skills
Trading Platforms
- MetaTrader 4: Industry standard platform with extensive charting capabilities and expert advisors
- MetaTrader 5: Advanced version with enhanced features, multiple timeframes, and improved backtesting
- TradingView: Web-based platform with powerful social trading features and customizable indicators
- Mobile Trading: Full-featured mobile apps for iOS and Android devices
Financial Markets
- Forex: Major, minor, and exotic currency pairs with competitive spreads
- Indices: Global stock indices including S&P 500, NASDAQ, DAX, and more
- Commodities: Energy, precious metals, and agricultural products with extended trading hours
- Cryptocurrencies: Major digital assets including Bitcoin, Ethereum, and other popular altcoins
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 | 45 Days | 45 Days |
| Profit Target | 10% | 5% |
| Daily Drawdown | 6% | 6% |
| Maximum Drawdown | 12% | 12% |
| Minimum Trading Days | 8 Days | 8 Days |
Challenge Specifications
- Max Allocation: Up to $200,000 in initial trading capital with potential for scaling
- Scaling: Possibility to scale accounts by up to 25% after every 3 months of consistent profitability
- Trading Competitions: Monthly challenges with cash prizes and additional capital for top-performing traders
- Free Trial: 7-day demo account available to test the platform before purchasing a challenge
- Profit Targets: 8-10% for Phase 1 and 5% for Phase 2, varying based on account type
- Drawdown Structure:
- Daily: 5-6% loss limit from previous day’s closing balance
- Maximum: 10-12% overall account drawdown from starting balance
- Trailing: Not implemented, fixed maximum drawdown only
Trading Rules and Requirements
- No news trading during major economic releases
- Maximum trade size limited to 5% of account equity
- No hedging of positions within the same asset
- Weekend holding of positions is permitted with some restrictions
- Minimum trading days requirement must be met in both phases
- Automated trading and EAs are permitted with approval
- No trade copying or mirror trading from other accounts
Company Information
- Established in 2020 by a team of professional traders and financial experts
- Based in London with additional offices in New York and Singapore
- 24/5 customer support available via live chat, email, and phone
- Comprehensive educational resources including webinars and trading guides
- Active community forum for trader interaction and strategy sharing
Payout Methods
- Bank Wire Transfer (3-5 business days)
- PayPal (1-2 business days)
- Skrill (24-48 hours)
- Cryptocurrency (Bitcoin, Ethereum) (1-24 hours)
- Wise (formerly TransferWise) (2-3 business days)
Trading Commissions
- Forex: $5 per standard lot round turn
- Indices: $5-$7 per standard lot depending on the index
- Commodities: $4-$6 per standard lot depending on the instrument
- Cryptocurrencies: 0.05% of position size
- Overnight swap rates apply for positions held after market close
IP Rules
- Multiple IP addresses are permitted but must be registered with support
- VPN usage is allowed but must be disclosed before trading
- Trading from multiple locations requires prior authorization
- Account sharing is strictly prohibited and will result in immediate termination
Video Review
4PropTrader Review
Comprehensive review of 4PropTrader trading services
Unique Features
Educational Resources
- Weekly live trading webinars with professional traders
- Comprehensive strategy guides and market analysis
- One-on-one coaching sessions available for funded traders
- Trading psychology workshops to improve mental approach
Advanced Trading Tools
- Proprietary risk management dashboard for real-time position monitoring
- Advanced charting with custom indicators and drawing tools
- Trade analytics platform for performance review and improvement
- Economic calendar integration with market impact ratings
Why Choose 4PropTrader?
4PropTrader stands out in the competitive prop trading industry by offering a balanced combination of trader-friendly conditions, transparent rules, and professional support. The firm’s focus on long-term trader development rather than quick profits creates an environment where serious traders can thrive.
Key advantages include:
- Realistic trading conditions that prepare traders for long-term success
- Competitive scaling system that rewards consistent performance
- Multiple account sizes to accommodate different experience levels and risk appetites
- Fast payout processing with multiple withdrawal options
- Comprehensive educational resources to help traders improve
- Active trading community for networking and strategy sharing
Frequently Asked Questions
How long does it take to get funded?
The funding timeline depends on your performance. After purchasing a challenge, you’ll need to pass both the Challenge Phase and Verification Phase by meeting the profit targets while respecting the trading rules. Most successful traders complete both phases in 1-3 months. Once you’ve passed both phases, the funding process typically takes 1-3 business days to set up your funded account.
Can I hold positions over the weekend?
Yes, 4PropTrader allows holding positions over the weekend with some considerations. For forex and metals, you can hold unlimited positions over the weekend. For indices and commodities, position sizes may be restricted to manage gap risk. Cryptocurrency positions can be held over weekends but with reduced leverage. It’s recommended to manage your risk appropriately as weekend gaps can impact your drawdown limits.
What happens if I break a rule?
If you breach any trading rules, the consequences depend on the severity and context of the violation. Minor infractions typically result in a warning. Serious violations such as exceeding maximum position sizes or drawdown limits usually result in immediate account termination. In cases where rule violations appear unintentional, 4PropTrader’s support team may provide guidance and offer a reset option for a fee. All decisions are made on a case-by-case basis.
Can I trade news events?
4PropTrader permits trading during most news events, but with important restrictions. Trading is not allowed during high-impact economic releases like NFP (Non-Farm Payroll), FOMC announcements, and central bank interest rate decisions. For other medium-impact news events, trading is allowed but position sizes may need to be reduced. The company provides a calendar of restricted trading periods, and it’s the trader’s responsibility to be aware of these times.
How often can I withdraw profits?
For funded traders, profit withdrawals are processed bi-weekly (every two weeks). The minimum withdrawal amount is $100, and there is no maximum limit beyond your available profits. To request a withdrawal, you need to have achieved a net profit in your funded account after the previous withdrawal cycle. The profit split is applied automatically, and funds are typically processed within 3-5 business days depending on your chosen payment method.
