The Prop Trading Review (15% cashback)
4.0

The Prop Trading Review (15% cashback)

The Prop Trading is a proprietary firm with a mission to create an innovative, stimulating, pressure-free, and safe trading environment. Another goal of theirs is to empower traders to embrace opportunities with confidence.
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The Prop Trading is known to provide excellent customer service and to connect traders. They prioritize creating a collaborative and mutually beneficial relationship among their partners.

Pros
  • Maximum capital per account $500,000
  • Excellent Trustpilot rating of 4.4/5
  • Two evaluation free retries
  • Scaling plan
  • Profit splits 80%
  • Leverage 200:1
  • Free trial
  • A large variety of trading instruments (all forex pairs, metals, indices, cryptocurrencies)
  • News trading allowed
  • Overnight and weekend holding allowed (exception: cryptocurrencies over the weekends)
  • No minimum trading days
Cons
  • Minimum trading days requirements when funded

The Prop Trading encourages its traders to succeed in their careers. They enable them to earn more profits by trading up to $500,000 in balance before being eligible to scale their accounts further. To become funded, you have to pass their 2-step evaluation. Upon successful completion, you are rewarded with 80% profit splits on your earnings.

Who are The Prop Trading?

The Prop Trading is a proprietary trading firm incorporated on the 20th of February, 2020. Their headquarters are located in Brisbane, Australia. They allow their clients to work with up to $500,000 capital per account before they become eligible to scale it further using a broker named The Brokers Capital.

Their official address is Suite No. 1171 17 Gould Road Herston 4006 QLD AU.

Funding program options

The Prop Trading offers its trader’s the following evaluation program accounts to choose from.

Evaluation program accounts

The Prop Trading evaluation program account aims to consistent and disciplined traders, who are rewarded for their consistency in the two-phase evaluation period. The evaluation program account allows you to trade with 1:100 leverage.

Evaluation phase one requires a trader to reach a profit target of 8% while not surpassing their 5% maximum daily loss or 10% maximum loss rules. You are required to hit your profit target in 30 calendar days from the day you place your first position on your evaluation account. You have no minimum trading days requirement in order to proceed to phase two.

Evaluation phase two requires a trader to reach a profit target of 5% while not surpassing their 5% maximum daily loss or 10% maximum loss rules. You are required to hit your profit target in 60 calendar days from the day you place your first position on your evaluation account. You have no minimum trading days requirement in order to proceed to a funded account.

By completing both evaluation phases you are awarded a funded account where you have no profit targets. You are only required to respect the 5% maximum daily loss and 10% maximum loss rules. Your first payout is 30 calendar days from the day you place your first position on your funded account. In this time period, you are required to trade a minimum of 10 calendar days. After successfully receiving your first payout, your payouts become bi-weekly with an additional requirement of trading for a minimum of 5 calendar days. Your profit split will be 80% based on the profit you make on your funded account.

Evaluation program account scaling plan

Evaluation program accounts also have a scaling plan. You are required to reach a profit target of 6% or more within a three-month period where two out of the three months were profitable. You will receive an account increase of 25% of the original account balance.

Example:

After 3 months: If you have a $400,000 account, your account balance will increase to $500,000.

After next 3 months: Balance of $500,000 increases to $600,000.

After next 3 months: Balance of $600,000 increases to $700,000.

And so on…

Trading instruments for the evaluation program accounts are forex pairs, commodities, indices, stocks, and cryptocurrencies.

Evaluation program account rules

  • Profit target is a specific percentage of profit that a trader is required to obtain before they can complete an evaluation phase, withdraw profits, or scale their account. Phase 1 profit target is 8% while phase 2 has a profit target of 5%. Funded accounts have no profit targets.
  • Maximum daily loss is the maximum loss a trader can reach on a daily basis before the account is violated. All account sizes have a maximum daily loss of 5%.
  • Maximum loss is the maximum loss a trader can reach overall before the account is violated. All account sizes have a maximum loss of 10%.
  • Minimum trading days is the minimum period which you are required to trade for before you can complete an evaluation phase, or request a withdrawal. Evaluation phases have no minimum trading days, however, on a funded account, you are required to trade a minimum of 10 trading days before being eligible for your first payout. After your first payout, you are eligible for bi-weekly payouts which require trading for a minimum of 5 calendar days.
  • Maximum trading days are the maximum period in which you are required to hit a specific profit target or withdrawal target. Phase 1 has a maximum of 30 trading days period while phase 2 has a maximum of 60 trading days period.
  • Third-party copy trading risk means that if you intend to use copy trading services, you should keep in mind that by using a third-party copy trading service, there might be other traders that are already using it and therefore exactly the same trading strategy. By using a third-party copy trading service, you potentially run the risk of being denied a funded account/withdrawal if you exceed the maximum capital allocation rule.
  • Third-party EA risk means that if you intend to use an EA, you should keep in mind that by using a third-party EA, there might be other traders that are already using it and therefore using exactly the same trading strategy. By using a third-party EA, you potentially run the risk of being denied a funded account/withdrawal if you exceed the maximum capital allocation rule.

What makes The Prop Trading different from other prop firms?

The Prop Trading is different from most of the industry-leading prop firms due to never regulating your trading style, you can trade during news, hold trades overnight, and during the weekends.

Compared to other prop firms, The Prop Trading evaluation program is a two-phase evaluation program that requires traders to complete two phases before being eligible for payouts. The profit target is 8% in phase one and 5% in phase two with a 5% maximum daily and 10% maximum loss rules, you also have no minimum trading day requirement in both phases before becoming funded. Evaluation programs also have a scaling plan. Compared to other industry-leading prop firms they have low profit targets and no minimum trading day requirement.

Example of comparison between The Prop Trading & FundedNext

Trading objectivesThe Prop TradingFundedNext
Phase 1 profit target8%10%
Phase 2 profit target5%5%
Maximum daily loss5%5%
Maximum loss10%10%
Minimum trading daysNo minimum trading days5 calendar days
Profit split80%80% up to 90%

Example of comparison between The Prop Trading & Funded Trading Plus

Trading objectivesThe Prop TradingFunded Trading Plus
Phase 1 profit target8%10%
Phase 2 profit target5%5%
Maximum daily loss5%5%
Maximum loss10%10%
Minimum trading daysNo minimum trading daysNo minimum trading days
Profit split80%80% up to 90%

Example of comparison between The Prop Trading & True Forex Funds

Trading objectivesThe Prop TradingTrue Forex Funds
Phase 1 profit target8%8%
Phase 2 profit target5%4%
Maximum daily loss5%5%
Maximum loss10%10%
Minimum trading daysNo minimum trading daysNo minimum trading days
Profit split80%80%

In conclusion, The Prop Trading is different from most of the industry-leading prop firms due to never regulating your trading style, you can trade during news, hold trades overnight, and during the weekends. You also have no minimum trading days, which allows you to get funded as soon as you finish both evaluation phases.

Is getting The Prop Trading capital realistic?

It’s essential to see how realistic the trading requirements are when looking at prop firms that best suit your forex trading style. For example, a company offering a high % profit split on a highly funded account sounds great, but if they expect high % gains per month with low % maximum drawdowns, your chances of success become close to zero.

Receiving capital from the evaluation program accounts is realistic mostly since they have relatively low profit targets (8% in phase one and 5% in phase two) with average maximum loss rules (5% maximum daily and 10% maximum loss).

After considering all of that, The Prop Trading is an excellent choice to get funded since evaluation program accounts that you can choose from all have realistic trading objectives to follow and conditions to receive payouts.

Payment proof

The Prop Trading was incorporated on the 20th of February, 2020. After getting funded, traders are eligible for monthly payouts with no minimum profit targets. You can request a withdrawal every month on the day you placed your first trade, which will be displayed on your dashboard under the Profit Share tab. You have to consider the minimum 10 trading days rule for the withdrawal.

You can see examples of payment proof in the two following youtube videos:

Which broker does The Prop Trading use?

The Prop Trading uses The Brokers Capital as their broker. Their offices are located in Saint Vincent and the Grenadines. They have worked hard to build a stable operating environment while providing superior customer service. Their history allows them to create a rich knowledgeable winning team.

As for trading platforms, they allow you to trade on Meta Trader 5.

Trading instruments

The Prop Trading offers a large variety of trading instruments. You are allowed to trade forex pairs, metals, indices, and cryptocurrencies.

FOREX:AUDCHFAUDJPYAUDNZDAUDUSDCADCHF
CADJPYCHFJPYEURAUDEURCADEURCHFEURDKK
EURGBPEURHUFEURJPYEURMXNEURNOKEURNZD
EURPLNEURRUBEURSEKEURTRYEURUSDEURZAR
GBPAUDGBPCADGBPCHFGBPJPYAUDCADGBPNZD
USDBRLGBPUSDGBPZARNOKJPYNOKSEKNZDCAD
NZDCHFNZDJPYNZDUSDSGDJPYUSDCADUSDCHF
USDCNHUSDDKKUSDHKDUSDHUFUSDJPYUSDMXN
USDNOKUSDPLNUSDRUBUSDSEKUSDSGDUSDTHB
USDTRYUSDZARZARJPYTRYJPY
METALS:XAGUSDXAUEURXAGEURXAUUSDXPTUSD
XPDUSD
INDICES:ESP35FRA40GER30HKG33JPN225
AUS200NAS100SPX500UK100USA30
CRYPTO:BTCEURBTCUSDETHUSDXRPUSDLTCUSD

Trading fees

Trading commission:

AssetsFee terms
FOREX 0 USD / LOT
COMMODITIES 0 USD / LOT
INDICES 0 USD / LOT
CRYPTO 0 USD / LOT

Spread:

In order to check the live spreads login to the trading account below:

PlatformServerLogin numberPasswordDownload platform
MetaTrader 5BRKHoldings-Demo216058​​forexpropreviews123​​Click here

Education & Support for traders

The Prop Trading does not provide any educational content on its website.

While The Prop Trading doesn’t have their thread on ForexFactory, they have been mentioned numerous times in another thread named ‘’PROP FIRM HUB’’ made by a user named Masterrmind. 

To see the mentioned thread click here.

Another thing The Prop Trading offers is a free trial option to their community, allowing them to familiarize themselves with their platform and trading rules and experience what it’s like trading with them.

Traders’ comments about The Prop Trading

The Prop Trading has great feedback from reviews.

On Trustpilot, they have a large variety of their community commenting and giving positive feedback with an average score of 4.4/5 out of 642 reviews. They also have a fast and reliable support team that will provide you with all the necessary information you require from them or if you are unsure of anything.

Their community is satisfied with their payment providing and their customer service, which has improved a lot.

Another statement was made by a member of their community that their rules are straightforward to follow, despite the frustrating lot size limit.

Social media statistics

The Prop Trading can also be found on social media.

They have a:

  • Facebook page with 1,174 followers,
  • Instagram account with 9,126 followers,
  • Telegram with 3,646 members,
  • Twitter account with 75 followers, and
  • Youtube channel with 593 subscribers and five uploaded videos.

Support

The Prop Trading has a FAQ page where you might find the missing information.

The support team is available on their social media, or you can directly contact them on their email support@theproptrading.com.au.

Their live chat support team on their website is available from Monday – Friday: 9 AM – 5 PM AEST except on public holidays.

You can also contact The Prop Trading for further information through telephone number +61 1300 984 019.

Conclusion

In conclusion, The Prop Trading is a legitimate proprietary trading firm that offers traders a chance to choose between different evaluation program account sizes.

Evaluation programs are an industry-standard two-phase evaluation challenge that requires the completion of two phases before becoming funded and being eligible to earn profit splits. The Prop Trading requires traders to reach profit targets of 8% in phase one and 5% in phase two before becoming funded, which are realistic trading objectives considering you have a 5% maximum daily and 10% maximum loss rules to follow. With evaluation programs, you can earn 80% profit splits while also being able to scale your accounts.

I would recommend The Prop Trading to anyone who is looking for a prop firm with straightforward trading rules. They offer excellent conditions for a big pool of individuals with unique trading styles. After considering everything The Prop Trading has to offer, they are for sure one of the better proprietary trading firms in the industry.

This review about The Prop Trading was lastly updated on 26.08.2022 at 10:46 (CE(S)T).

So, what do you think about the layout of the Proprietary Trading firm? Does The Prop Trading have the instruments that you want to trade?

Let us know if you enjoyed our The Prop Trading Proprietary Trading firm review!

Use our affiliate link for 15% cashback on your first purchase!

The Prop Trading Review (15% cashback) Details

Trading platform
Deposit Methods
Withdrawal Methods
Account Size
Tradable instruments
Account Currencies
Leverage
Maximum capital allocation
Account size up to:
$400,000
The Prop Trading Account
*Choose your account size and make a payment
4.0
Fees
4.0
Trading platform
4.0
Deposit and withdrawal
4.0
Customer Support
4.0 Overall Rating

10 Replies to “The Prop Trading Review (15% cashback)”

  • Anonymous says:

    This is worst ~

    I passed 2 step and funded 200K~

    After 7days~

    I recieved e-mail
    account is violated the rules regarding max lot exposure per instrument.

    and my accout is closed

    and I have nothing about

    my profit($4800) and challenge fee($800) refund.

    It’s terrible~

  • Kodwo says:

    Can someone upload proof of the withdraw?

  • Jenson says:

    Discount code available?

  • Mohammed Olalekan Patrick says:

    To be very true with you, this scam is just about happening to me now and i can’t believe it!, I write this with great pain in my heart, i am still mailing them and if they find something to do, i will be the happiest man today.

    My $50 account got funded and so this past 23rd December 2021 made my withdrawal anniversary. Then i initiated the withdrawal and that’s where the problem started. First, for over 5days, they argued that they couldn’t find my request, second, they closed my account and i mailed back and the reply was that i had violated lot size rule, this really happened but was due to network strength of my mobile carrier where a previous trade I placed did not appear immediately until i placed another and others were due to slips of the palm. Now after trading this long, owing a lot of debts and so on, this is what i get. It is quite unfair, they didn’t tell me immediately for over one month when i breached this rule.

    • Dear Mohammed,

      Thank you for your comment.

      I would advise you to contact The Prop Trading directly by email and please keep us updated with regards to your case. I hope they will find a solution for you.

  • Cody says:

    Wow, they actually removed their lot size limit rule. This will be so beneficial for scalpers!

  • Sisawo says:

    So good, no commisions!

  • Mike says:

    Thx for the cashback! Just received it!

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