PropXP - Prop Firm Review
- CFD/forex prop firm (PropXP Ltd, Saint Lucia, 2025) trading simulated capital on MT5 — unregulated
- Genuinely static drawdown on every line, anchored to your starting balance — no trailing model anywhere
- 80% base split; the 95% is a paid add-on. Breaking news/weekend rules cuts you to 50% permanently
- The binding Terms state different numbers to every marketing page — and clause 29 says the Terms win
- No prices are published anywhere on the site; a permanent discount code makes most purchases non-refundable
TL;DR: PropXP in 30 seconds
- What it is: a CFD/forex prop firm (PropXP Ltd, Saint Lucia, incorporated 2025) trading simulated capital on MetaTrader 5. Three lines — 1-Step, 2-Step and Instant Funding — from $3,000 to $200,000.
- The split: 80% base. The 95% is a paid add-on at checkout, not earned. Breaking the news or weekend rules without the add-on cuts you to 50% permanently.
- The drawdown: genuinely static — anchored to your starting balance, equity-based, and it never trails up. On any product, including Instant Funding. That is their real selling point and it holds up.
- The catch: the binding Terms state different numbers to every marketing page — and clause 29 says the Terms win. A 1-Step buyer expecting 10%/3%/6% is contractually on 13%/4%/9%.
- Cost: not published anywhere on the site — the pricing table is JavaScript-only and we could not retrieve a single price from any primary source. A permanent 50%-off code runs site-wide.
- Best for: traders who want a true static drawdown and no time limit — and who read clause 14 of the Terms before buying, not the rules pages.
Last reviewed: 15 July 2026. Checked against PropXP’s official trading rules, FAQ and Terms & Conditions. Figures below reflect the products on sale at the time of review; prop firm rules change often, so always confirm on the firm’s own pages before you buy.
The contradiction you need to know about first
Normally we would open with the company details. Here we cannot, because there is something more important.
PropXP’s binding Terms & Conditions state materially different core numbers than every marketing page on the site.
| 1-Step | Trading Rules page | FAQ pages | T&C clause 14.1.1 (binding) |
|---|---|---|---|
| Profit target | 10% | 10% | 13% |
| Daily drawdown | 3% | 3% | 4% |
| Max drawdown | 6% | 6% | 9% |
The 2-Step has the same problem: the Terms put Phase 2’s max drawdown at 9% where the rules say 10%, and the funded daily drawdown at 4% where the FAQs imply it inherits 3% or 5%.
This matters because the Terms explicitly say they override the rules pages:
“In the event of any conflict between these Terms and Conditions… or any version of the Trading Rules, the provisions of these Terms and Conditions shall prevail.” (clause 29)
So the document that legally governs your account contradicts the entire public-facing site, and by its own wording it wins. And this is not a stale marketing page left behind — the FAQ was updated more recently (April 2026) than the Terms (January 2026), so it is the Terms that are the outlier.
We are not suggesting anything underhand here; a small, new firm can easily let one document drift out of step with another. But you would be buying a 10% target and contractually agreeing to a 13% one, and only one of those documents is enforceable. Ask PropXP to confirm in writing which numbers apply before you spend anything.
Company and regulation
PropXP Ltd, registration 2025-00696, Saint Lucia, registered at Rodney Court Building, Rodney Bay, Gros Islet. Payments run through Corevian Services Limited, a Cyprus company. It was incorporated in 2025, so it is a new entity with no long track record.
It is not regulated and states so plainly: “The Company does not accept, hold, or transmit client funds and does not act as a broker, custodian, payment processor, or financial intermediary,” and “none of the services provided to the customer by the company can be considered investment services or advice.” No regulator, licence or backing broker is named anywhere. Disputes go to binding arbitration in Saint Lucia, which in practice costs more than most claims are worth.
US citizens and residents are excluded.
The accounts are simulated, and PropXP is unusually straight about it — more so than most competitors: “All trading is performed on demo accounts using simulated funds; no real funds are traded at any stage,” and, notably, “Funded stage is also simulated, but your results can earn you real performance rewards.” Plenty of firms leave that second point deliberately vague. PropXP does not, and it deserves credit for that.
The products
| Line | Steps | Target | Daily loss | Max loss (static) |
|---|---|---|---|---|
| 1-Step | 1 | 10% | 3% | 6% |
| 2-Step | 2 | 10% then 5% | 5% | 10% |
| Instant Funding | 0 | none (1% realised to withdraw) | 3% | 6% |
(These are the rules-page figures. See the Terms contradiction above.) Account sizes run $3,000 to $200,000, capped at $400,000 in active challenges and $400,000 across funded accounts. There is no time limit to pass and no minimum trading days. There are also no resets at all — fail and you rebuy.
On pricing: we could not retrieve a single price from any primary source. The pricing table on the accounts page renders completely blank in the raw HTML — every figure is injected by JavaScript — and the checkout is a JS shell. We are not going to publish a number we could not verify. If you see “$249” quoted for PropXP elsewhere, be aware that figure appears in their homepage as an unrendered placeholder alongside impossible values like “Daily Drawdown 50%”, so it is almost certainly dummy data rather than a real price.
A permanent site-wide code (currently a World Cup 50% offer) runs continuously. Note the interaction with the refund policy: “Challenges purchased using a discount or promotional code are strictly non-refundable, regardless of trading activity.” Since the code is always available and always applied, that clause effectively voids the refund window for nearly every buyer.
The drawdown: static, and genuinely so
This is PropXP’s real strength, and it is consistently documented:
“PropXP Max Loss is static (fixed), anchored to your starting balance, and it’s equity-based (floating + costs count). It does not trail up, there is no trailing drawdown in PropXP.”
No trailing model anywhere, on any product, including Instant Funding. Nothing to lock, because nothing moves. After the number of firms in this sector whose trailing drawdown quietly ends accounts, a firm that simply removes the mechanic is offering something real.
The daily limit is set from your equity at 00:00 UTC and fixed for the whole day — no intraday trailing there either. Both limits are equity-based, so floating losses, spreads, commissions and swaps all count. PropXP is blunt about the consequence: “You’re down -2.9% on a 3% daily limit… equity prints -3.01% → hard breach.”
One neat piece of documentation worth quoting, because it settles a question most firms fudge: “Drawdowns = equity. Targets = balance. If it’s open, it’s not yours yet.”
The rule worth reading closely: the “paid in 1 business day or you get 100%” guarantee
This is PropXP’s headline promise, and we have not seen another firm attach a self-executing financial penalty to its own late payouts:
“If an approved Performance Reward is not paid within 1 business day, we will pay you 100% profit split for that reward.”
As an idea it is excellent. The carve-outs are where it gets interesting, and PropXP publishes them openly rather than hiding them:
- The clock starts at approval, not at your request. In their words: “the countdown does not start when: you become eligible, you submit the request…” — and PropXP decides when approval happens. A reward under “additional review” has not been approved, so the clock has not started.
- Business days only. Friday approval means Monday; a bank holiday pushes it to Tuesday. “So no, ‘it has been 24 literal hours’ is not the test.”
- It appears nowhere in the binding Terms. There is no payout service-level agreement of any kind in the T&C. Combined with clause 29 (the Terms prevail) and the entire-agreement clause, the guarantee has no contractual force behind it.
None of that makes it worthless — a public promise still carries reputational weight, and PropXP being upfront about the mechanics is better than the alternative. But treat it as a statement of intent rather than a right you could enforce.
The other rule worth flagging is on Instant Funding, and it is genuinely unusual: “The first time your combined floating PnL from all your open positions is -1%, all positions will be auto-flattened and your profit split will permanently be reduced to 50%. The second time… your account will be breached.” A 1% unrealised aggregate drawdown permanently halves your economics — and because it is combined across positions, a winning trade can be dragged under by losing ones.
Payouts and trading rules
- Minimum: $50 from a passed challenge, $100 on Instant Funding. (The homepage advertises a flat “cash out from $50” and omits the Instant Funding figure.)
- Cycle: bi-weekly, cut to 7 days with a paid add-on. First payout on-demand once eligible; Instant Funding waits 14 days.
- Method: USDT only (TRC20 or ERC20). No bank or card payouts — the card logos in the footer are for buying, not withdrawing.
- Caps: none. “No caps — withdraw as much as you can.”
- Consistency: 40% (20% on Instant Funding) — and it raises your target rather than failing you: “Exceeding the consistency rule doesn’t fail you — but increases the required target.” That is materially fairer than a hard fail.
- News and weekends: allowed during the challenge; funded accounts need the paid add-ons. Breaking either without the add-on cuts your split to 50% permanently.
- Minimum hold: 2 minutes on funded and Instant accounts, including partial closes.
- EAs: allowed — with a real trap: “If you use a third party EA that a lot of people use, that might trigger the copy trading or group trading flag in our system and your account may be breached.” A popular off-the-shelf EA could end your account.
- Inactivity: 30 days without a trade terminates the account, funded included, with no refund.
One more gap worth naming: the actual profit split, all payout mechanics and the termination grounds are deferred to a “Trader Agreement” that is referenced repeatedly in the Terms but is not published or linked anywhere. You cannot read it before you pay.
Verdict
The product design here is good and the documentation is, in places, better than most of the sector: a genuinely static drawdown on every line, no time limit, no minimum days, no payout caps, a consistency rule that raises the bar instead of failing you, transparent commissions, and an admirably direct statement that the funded stage is simulated too. If those were the whole story we would recommend it comfortably.
The problem is that the binding document does not match the sales pages. The Terms set a 13% target where the site says 10%, and say the Terms win. They ban scalping and copy trading outright where the marketing permits both. The headline payout guarantee is absent from them entirely. The real profit split lives in an unpublished Trader Agreement. And the permanent discount code makes essentially every purchase non-refundable.
Our honest read: a promising, well-thought-out firm with a paperwork problem it could fix in an afternoon — and until it does, you are agreeing to terms you have not seen and numbers you were not shown. If you buy, get the applicable figures confirmed in writing first.
Frequently Asked Questions
Is PropXP regulated?
No. PropXP Ltd is registered in Saint Lucia (registration 2025-00696) and states plainly that it does not accept, hold or transmit client funds and does not act as a broker or financial intermediary, and that none of its services can be considered investment services. No regulator, licence or backing broker is named anywhere on the site. It was incorporated in 2025, so it is a new entity.
Is the PropXP drawdown static or trailing?
Static, on every product including Instant Funding. It is anchored to your starting balance and does not trail upward — PropXP states there is no trailing drawdown anywhere in its offering. It is equity-based, so floating losses, spreads, commissions and swaps all count toward it. The daily limit is set from your equity at 00:00 UTC and fixed for the whole day.
Do PropXP’s Terms match its published rules?
No, and this is the most important thing to know. The binding Terms & Conditions state a 13% profit target, 4% daily drawdown and 9% max drawdown for the 1-Step, where the trading rules and FAQ all say 10%, 3% and 6%. Clause 29 of the Terms states that the Terms prevail over any version of the Trading Rules, so the contradictory figures are the enforceable ones. Confirm which numbers apply before buying.
What is the PropXP profit split?
The base split is 80%. A 95% split is available as a paid add-on bought at checkout — it is not earned through performance. Note also that breaking the news or weekend rules on a funded account without the relevant add-on permanently reduces your split to 50% for the life of the account.
What is PropXP’s 1-business-day payout guarantee?
PropXP states that if an approved reward is not paid within one business day, it will pay you a 100% profit split on that reward. Two things to understand: the clock starts at approval rather than at your request, and PropXP controls when approval happens; and the guarantee does not appear anywhere in the binding Terms, so it has no contractual force. Treat it as a statement of intent.
How does PropXP pay out?
Payouts are in USDT only, via TRC20 or ERC20 — there are no bank or card withdrawals. The minimum is $50 from a passed challenge and $100 on Instant Funding, on a bi-weekly cycle that can be reduced to seven days with a paid add-on. There are no caps on how much you can withdraw.
Are PropXP accounts simulated?
Yes, and unusually the firm says so about the funded stage too: “Funded stage is also simulated, but your results can earn you real performance rewards.” All trading is on demo accounts using simulated funds, with no real funds traded at any stage. That candour is better than most competitors offer.
Does PropXP allow Expert Advisors?
Yes, but with a significant caveat. PropXP warns that using a widely-used third-party EA may trigger its copy-trading or group-trading detection and breach your account. So a popular off-the-shelf EA is risky even though EAs are nominally permitted. Note also that the binding Terms ban copy trading and scalping outright, contradicting the rules pages.
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