Prop Number One - Prop Firm Review

Company and regulation

Prop Number One is a Dubai-based prop firm founded in 2024. It is unregulated as a prop firm, and its products are challenge/evaluation accounts on virtual (simulated) capital — it advertises “up to $300,000 in virtual trading capital.” It markets a relationship with Alvar Finance, described as a broker regulated by the Gibraltar Financial Services Commission; that is the affiliated broker, and does not make the prop firm itself a regulated entity. Because the firm’s Terms page is script-rendered, we could not quote its exact disclaimer, so treat the corporate and rules detail below as drawn from its indexed pages and independent reviews.

The rule that defines it: big rewards, gated by a “Gambling Rule”

Prop Number One’s defining feature is how generous its headline package looks: a 100% profit split to the trader, layered with an advertised monthly “salary” of up to $3,000 for funded traders. That combination is rare, and it is the main reason the firm gets attention — but it is also the reason to be careful, because a firm that genuinely kept nothing of a trader’s profit would struggle to fund salaries, which implies the economics lean heavily on challenge fees and failed accounts.

The practical catch is a “Gambling Rule” enforced at payout. It functions as a discretionary risk/consistency gate: at least one public complaint describes a $100k funded account having a $4,498 payout refused for allegedly violating this rule through excessive leverage or margin use. In other words, the standout rewards sit behind a rule that can void a payout you thought you had earned. That doesn’t make the firm a scam — many traders report being paid — but it does mean the headline “100% + salary” should be read alongside a real, discretionary payout gate. Understand exactly how the Gambling Rule is defined before you rely on those rewards.

Products, split and drawdown

Prop Number One runs a 2-step evaluation (broadly a 5% then 8% target) into a funded phase, sometimes framed as a three-tier “Junior / Senior / Top Trader” path. Account sizes are $7k, $17k, $27k, $50k, $100k, $200k and $300k. Markets are forex, crypto, indices and commodities/metals as CFDs, on MT4, MT5, cTrader, DXtrade and Match-Trader, with EAs allowed. Leverage is notably low and asset-dependent (forex around 1:50, metals 1:25, indices 1:10).

The advertised split is a flat 100%. Drawdown is a 5% daily loss and 10% maximum, described as trailing/relative in at least one review (we could not confirm static-vs-trailing from a primary page). Fees are one-time and refundable on passing (roughly $52 on the $7k up to ~$1,592 on the $300k).

Payouts

Payouts have a minimum of about $100–$150 (sources differ), run every 21 days by default or every 7 with a paid “fast withdrawal” add-on, and require five funded trading days. There is a withdrawal cap of up to 15% of account size per 21-day cycle, and no stated withdrawal fees. Alongside the Gambling Rule, note that some independent complaints cite 10-plus-day delays against the “fast payout” marketing, so treat advertised speeds as a best case.

Verdict

Prop Number One leads with one of the most generous-looking offers in the sector — a 100% split plus an advertised monthly salary — on a broad platform line-up with low-cost, refundable challenges. For traders drawn to those headline rewards, it is understandably eye-catching.

Approach it with a clear head. The accounts are simulated and the firm is unregulated (the regulated entity is its affiliated broker, not the prop firm); the 100%-plus-salary economics are hard to sustain and imply the firm profits mainly from fees and failed accounts; and the standout rewards are gated by a discretionary “Gambling Rule” that has been used to deny payouts. It’s a young firm (2024) with a short track record. If the offer appeals, start small, get the exact Gambling-Rule definition in writing, keep your risk conservative, and treat the salary and 100% split as best-case rather than guaranteed.

Frequently Asked Questions

Is Prop Number One regulated, and is the capital real?

Prop Number One is a Dubai-based prop firm founded in 2024 and is unregulated. Its products are challenge accounts on virtual, simulated capital, advertised as up to $300,000 in virtual trading capital. It markets a link to Alvar Finance, a Gibraltar-regulated broker, but that is the affiliated broker rather than the prop firm, so the prop product itself is not regulated.

What is the Prop Number One 100% split and salary offer?

Prop Number One advertises a 100 percent profit split to the trader plus a monthly salary of up to $3,000 for funded traders, an unusually generous headline package. Because a firm keeping none of a trader profit would struggle to fund salaries, the economics likely rely heavily on challenge fees and failed accounts, so treat these rewards as best-case rather than guaranteed.

What is the Prop Number One Gambling Rule?

It is a discretionary risk or consistency gate enforced at payout. At least one public complaint describes a $100k funded account having a roughly $4,498 payout refused for allegedly violating the rule through excessive leverage or margin use. In effect, the headline rewards sit behind a rule that can void an otherwise-earned payout, so confirm exactly how it is defined before relying on those rewards.

What are the Prop Number One account sizes and drawdown rules?

It runs a 2-step evaluation into a funded phase, with account sizes of $7k, $17k, $27k, $50k, $100k, $200k and $300k. Drawdown is a 5 percent daily loss and a 10 percent maximum, described as trailing in at least one review, though we could not confirm static versus trailing from a primary page. Leverage is low and asset-dependent, around 1:50 on forex.

How do Prop Number One payouts work?

The minimum payout is around $100 to $150, payouts run every 21 days by default or every 7 with a paid fast-withdrawal add-on, and you need five funded trading days. There is a withdrawal cap of up to 15 percent of account size per 21-day cycle. Note that some independent complaints cite 10-plus-day delays against the fast-payout marketing, so treat advertised speeds as a best case.

Does Prop Number One charge a monthly fee?

No. It charges a one-time challenge fee that is refundable on passing, ranging from around $52 on the $7k account up to about $1,592 on the $300k. There is no monthly subscription, though a faster 7-day payout cycle is available as a paid add-on. As a 2024 firm it has a relatively short track record, so start small and confirm current terms directly.

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