$300,000 virtual capital, 100 % profit split, round the clock payment (first payment), and $3,000 monthly salaries are some of the features that have led to Prop Number One to winning 3 International Awards. At the Prop Number One firm, trading capital ranges from $7,000 to $300,000.
Prop Number One Company Overview
Prop Number One, established in 2024, has swiftly carved out a niche in the competitive prop trading landscape.
Its headquarters is in the bustling financial hub of Dubai and has strategic offices in major global cities like New York, Singapore, and London. Key points about Prop Number One:
- Founded: 2024
- Headquarters: Dubai, UAE
- Additional offices: New York, Singapore, London
- Focus: Providing traders with access to substantial capital (up to $300,000)
- Unique selling point: Up to $3000 monthly salary for traders
Prop Number One Specifications
Prop Number One stands out in the prop firm industry with its array of trader-friendly features and policies. Review of Prop Number One Specifiactions:
Account Currency | USD, EUR |
Minimum Price | $47 |
Maximum Leverage | 1:50 |
Maximum Profit Split | 100% |
Instruments | Forex, Crypto, Indices, Metals, Energies |
Assets | N/A |
Evaluation Steps | Step 1, Step 2, Step 3 |
Withdrawal Methods | MasterCard, Maestro, VISA, PayPal, RISE |
Maximum Fund Size | $300K |
First Profit Target | 5% |
Max. Daily Loss | 10% |
Challenge Time Limit | Varies Depending on the Challenge Step |
News Trading | Yes |
Maximum Total Drawdown | 10% |
Trading Platforms | MetaTrader 4, MetaTrader 5, cTrader |
Commission Per Round Lot | From $5 Per Lot |
Trust Pilot Score | 4.8/5 |
Payout Frequency | Round the clock |
Established Country | UAE |
Established Year | 2024 |
Advantages and Disadvantages; What are the Upside & Downsides of Prop Number One?
When considering Prop Number One as your potential prop trading partner, it's crucial to weigh both its strengths and potential drawbacks:
Advantages | Disadvantages |
High profit share (100%) | Relatively new firm (est. 2024) |
Flexible trading conditions | Limited track record compared to established firms |
Reasonable profit targets | Potential for stricter evaluation criteria as the firm grows |
Monthly salary program (up to $3000) for top performers | less extensive educational resources compare to older firms |
Multi-asset trading options | Possible limitations on certain trading strategies |
Fast payout system | - |
Funding & Price on Prop Number One
We’ve reached the Funding part of Prop Number One review; This prop offers a wide range of account sizes [From $7K to $300K] to provide capital for traders at various experience levels and with different capital requirements. Prop Number One Funding and Price:
Funding | Price |
$7000 | $47 |
$17000 | $147 |
$27000 | $197 |
$50000 | $297 |
$100000 | $527 |
$200000 | $997 |
$300000 | $1,447 |
Prop Number One Sign Up; How to Register?
To participate in the challenges of Prop Number One, you must first register in this company:
- Visit the official Prop Number One website
- Scroll down and click on "Start Trading NOW"
In order to register, click on “Start Trading NOW” - Select the preferred account size, trading platform and addons
- Enter your email to continue
- Provide personal information such as first and last name, phone number, email address, country of residence, state/province, city, postal code and address
- Verify your email address by clicking on the link sent to your inbox
- Fund your account using one of the available payment methods
- Open your trading dashboard and start evaluation
Prop Number One Prop Firm Challenges
This firm employs a unique one-challenge system with three distinct steps [Step 1 Junior Trader, Step 2 Senior Trader, Step 3 Top Trader], designed to thoroughly assess a trader's skills and risk management capabilities.
Prop Number One Challenges:
Specifics | Step 1 - Junior Trader | Step 2 - Senior Trader | Step 3 – Top Trader |
Profit Target | 5% | 8% | No Limits |
Profit Split | 5% | 4% | 4% |
Daily Max Drawdown | 10% | 8% | 8% |
Maximum Drawdown | 10% | 8% | 8% |
Challenge Time | 1 Day | 3 Days 0.5% gain | 5 Days |
Salary | No | No | Yes (Up to $3000) |
News Trading | Allowed | Allowed | Allowed |
Weekend Trading | Allowed | Allowed | Allowed |
Discount & Bonuses
While Prop Number One doesn't offer traditional bonuses or discounts on their evaluation packages, they do provide a unique and potentially lucrative incentive for their top-performing traders called Monthly Salary Program:
- Eligible traders can earn up to 1% of their account size as a monthly salary
- Qualification based on consistent performance and adherence to risk management rules
- Salary is in addition to the 100% profit share on trading gains
- Provides a stable income stream alongside trading profits
Tradable Instruments
As of Prop Number One review, we found out that they offer 5 markets [Forex, Crypto, Indices, Metals, Energies] but the exact number of instruments is unknown. Prop Number One Firm Markets:
- Forex: Major currency pairs (e.g., EUR/USD, GBP/USD, USD/JPY), minor and exotic pairs
- Cryptocurrencies: Popular coins like Bitcoin, Ethereum, Litecoin and emerging altcoins and tokens
- Indices: Major global stock indices (e.g., S&P 500, FTSE 100, Nikkei 225)
- Metals: Precious metals like Gold and Silver in addition to industrial metals such as Copper
- Energies: Crude Oil (WTI and Brent) and Natural Gas
Prop Number One Payment Options
Prop Number One utilizes the RISE payment system and other methods for efficient and secure transactions. Prop Number One Payment Methods:
- MasterCard
- Maestro
- VISA
- PayPal
- RISE (Cryptocurrencies like Bitcoin [BTC] and Ethereum [ETH])
Prop Number One Commissions and Costs
Prop Number One provides RAW Spread for transactions, thus starting their spreads at 0.0 pips. Also, $5 Per Lot is paid as a commission fee.
Beside these, overnight fees wil Apply to positions held overnight ad its rates vary depending on the instrument and market conditions.
Education Section Overview
Prop Number One recognizes the importance of continuous learning in the trading world and offers an educational blog to support their traders' growth.
Prop Number One Blog Content:
- Market analysis and insights
- Trading strategy guides
- Risk management techniques
- Platform tutorials and tips
- Trader psychology articles
Prop Number One Trust Scores
Prop Number One has quickly established a strong reputation in the prop trading community, as evidenced by its impressive Trustpilot score of 4.8 out of 5, based on over 250 reviews.
Key factors contributing to the positive reviews:
- Transparent evaluation process with clear rules and objectives
- Responsive Customer Support
- Efficient Payout System with reliable profit distributions
Customer Support
Prop Number One offers comprehensive 24/7 customer support:
- Live Chat: Real-time assistance on the website
- Help Center: Extensive FAQ and resource database
- Email Support: For detailed inquiries
- Indoor Meeting: Option for in-person consultations
- Ticket System: For tracking and resolving complex issues
Prop Number One on Social Media
Prop Number One maintains an active presence on various social media platforms:
This social media engagement helps build a strong community and keeps traders informed about the latest developments.
TradingFinder Expert Suggestions
News trading, expert advisor (EA), and weekend trading are some of the features of Prop Number One. Besides these, account prices start from $47, and maximum drawdowns are 10%.
Although this prop firm supports five markets, the founders are unknows, and there are some limitations on tools and strategies such as HFT algorithms and latency arbitrage.
