SpiceProp has launched the Chilli Pepper Program, a program built around a one-step evaluation structure designed for disciplined participants. The program includes virtual account sizes beginning at €10,000 and going up to €100,000, with access to leverage of up to 1:100. According to the firm, the objective is to discover traders who can maintain consistent performance and follow risk rules while operating in a real-market environment.
The evaluation phase sets a profit requirement of 10%. During this phase, traders must trade within two risk parameters: a 5.5% maximum daily loss and an 11% total loss limit. These rules remain active throughout the evaluation and continue once traders move to a funded account. The evaluation does not have a maximum number of trading days, giving individuals space to work within their preferred timeframe.
How the Chilli Pepper Program Works at SpiceProp
One detail that stands out in the evaluation rules concerns the requirement for a minimum of three profitable trading days. This condition aims to ensure that results are not the outcome of a single large position but instead reflect repeated decision-making and ongoing management of exposure. Traders who complete this stage receive a funded account and can begin requesting payouts without any minimum withdrawal thresholds, provided the risk rules are followed.
The funded stage keeps the same 5.5% maximum daily loss and 11% maximum loss structure. SpiceProp highlights that this continuity is intended to mirror institutional expectations where consistency and risk awareness guide position sizing and market engagement. The effort behind the Chilli Pepper Program appears focused on building a model where traders have room to operate, while the firm preserves its downside protection through fixed parameters.
SpiceProp’s program enters a crowded proprietary trading landscape where many firms are adjusting evaluation styles. By offering a single-phase track, the company removes the need for multiple rounds before receiving a funded account, a format that continues to appeal to those who want a streamlined process. The inclusion of leverage up to 1:100 and entry levels starting at €10,000 may also draw interest from individuals looking for lower initial price points with room to scale as they progress through the evaluation and funded stages.
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