Are you a talented trader looking for an opportunity to showcase your skills and earn substantial profits without risking your own capital? Look no further than Proppers, an innovative proprietary trading firm that's making waves in the industry. In this comprehensive Proppers review, we'll dive deep into what makes this prop firm stand out, exploring its unique features, evaluation process, and potential benefits for traders like you.
Proppers Prop Firm Company Overview
Founded in 2022 by a team of seasoned investment specialists, fund managers, and investors, Proppers has quickly established itself as a forward-thinking prop trading firm. Hereās an overview of Proppers prop trading firm:
- Founding location: British Virgin Islands
- Founding year: 2022
- Founder: Marvin Don Walker
- Account sizes: Ranging from $25k to $220k
- Challenge prices: Ranging from $147 to $647
Proppers Prop Firm Specifications Summary
Let's take a closer look at the key specifications that make Proppers an attractive option for aspiring and experienced traders alike:
Account currency | USD |
Minimum price | $47 |
Maximum leverage | 1:30 |
Maximum profit split | 90% |
Instruments | Forex, crypto, indices, commodities |
Assets | USD/JPY, Bitcoin, S&P 500, silver |
Evaluation steps | 1 |
Trading platform | MT4 |
Withdrawal methods | Rise |
Maximum fund size | $225,000 |
First profit target | 10% |
Maximum daily loss | - |
Challenge time limit | Unlimited |
News trading | Yes |
Maximum total drawdown | 5% |
Commission per round lot | - |
Trust pilot score | - |
Payout frequency | weekly |
Established country | British Virgin Islands |
Established year | 2022 |
Proppers Prop Pros & Cons
Before diving into a new prop trading firm, weighing the advantages and potential drawbacks is essential. Here's an honest look at what Proppers has to offer:
Advantages | Disadvantages |
Up to 90% profit split | Lack of variety in evaluation plans |
Variety of trading strategies allowed | Only offers MT4 trading platform |
Scale up option to $2 million | High cost of extra add-ons |
10-day free trial |
Proppers Prop Firm Funding Options & Challenge Prices
Proppers offers a straightforward funding model that allows traders to access significant capital without risking their own money. Here's a breakdown of their funding options:
Funding size | $25k | $50k | $100k | $225k |
1-step Evaluation price | $147 | $287 | $487 | $647 |
The pricing structure is designed to be accessible for traders at various levels of experience and capital availability. Proppers is committed to finding and supporting talented traders by offering refundable evaluation fees.
Proppers Account Opening & Verification Guide
Getting started with Proppers is a straightforward process. Here's what you need to do:
- Enter Proppers website and choose an evaluation plan;
- Provide personal and billing information;
- Pass the 1-step evaluation process;
- Verify your account by providing proof of identity and proof of address documents.
The verification process is designed to be thorough yet efficient, ensuring that Proppers maintains a high standard of traders while not creating unnecessary barriers to entry.
Proppers Prop Firm Evaluation Steps Overview
The evaluation process at Proppers consists of a 1-Step Challenge. Here's an overview of the challenge rules and conditions:
Funding size | $25k | $50k | $100k | $225k |
Profit target | 10% | |||
Maximum overall drawdown | 5% | |||
Profit split | Up to 90% | |||
Minimum trading days | 15 days | |||
Refundable fee | Yes | |||
Challenge fee | $147 | $287 | $487 | $647 |
This structured approach allows Proppers to assess a trader's discipline, risk management skills, and ability to generate consistent profits.
It is also worth mentioning that traders can hold trades overnight and over the weekend; news trading and using trade copiers are all allowed in proppers.
Proppers Bonuses and Discounts
Proppers offers discounts for traders who want to reset challenges. This could be a major benefit for traders, as it prevents discouragement from challenge failure. Proppers also provide discount codes occasionally to help traders buy challenges at a discounted fee.
Proppersā affiliate program is another way for traders to save and make money on the platform. They can earn up to 18% commissions by referring new clients to the platform.
Tradable Symbols on Proppers Prop Firm?
Proppers offers a diverse range of tradable instruments, catering to various trading preferences and strategies:
- Forex: Major, minor, and exotic pairs;
- Energy: Crude oil, natural gas;
- Metals: Gold, silver;
- Cryptocurrencies: Bitcoin, Ethereum, and other major cryptos;
- Indices: Major global stock indices, including S&P500 and Dow Jones.
This wide selection allows traders to diversify their portfolios and trade across different markets.
Proppers Prop Firm Payment Methods
Proppers offers flexible payment options for both funding your account and receiving payouts:
- Credit/debit cards
- Perfect Money
- Cryptocurrency payments via Coinbase
- Bank transfers for payouts
- Cryptocurrency withdrawals
The minimum payout threshold is $100, and traders can request weekly payouts of their profits. This flexibility in payment methods caters to the diverse needs of international traders.
Proppers Prop Firm Trading Costs
Proppers maintain a low commission and low spread fee structure by providing ECN accounts for traders. The evaluation fees (ranging from $147 to $647) are refundable if you pass the assessment. Reset fees for disqualified traders are discounted, ranging from $97 to $397.
This cost structure, combined with the high profit-split and potential for rapid account scaling, makes Proppers an attractive option for traders looking to maximize their earnings.
Proppers Prop Firm Trust Scores
As of the time of writing, there are no available user reviews regarding the quality of Proppers services on major review websites such as Trustpilot or Reviews.io. We advise traders to conduct their own due diligence, contact other Proppers users, and possibly start with smaller account sizes to gauge their experience with the firm.
Proppers Prop Firm Customer Support Channels
Proppers offers comprehensive customer support to ensure traders have the assistance they need:
- Live chat: Available 24/7 via the website
- Email: info@proppers.io
- WhatsApp: Available Monday to Friday from 9 am to 5 pm
Proppers Social Media Channels
Proppers prop firm is active on various social media platforms, including:
- YouTube: https://www.youtube.com/@proppers_io
- TikTok: https://www.tiktok.com/@proppers.io
- Facebook: https://www.facebook.com/proppers.io
- Instagram: https://www.instagram.com/proppers.io
These channels often offer valuable insights, trading tips, and updates about the firm's offerings. It's worth checking Proppers' official website for links to their social media profiles to stay connected and informed.
TF Expert Suggestion
As a prop firm based in the British Virgin Islands, Proppers aims to empower traders by offering trading funds up to $225k to traders who pass their 1-step evaluation challenges. With its high profit split up to 90% and rapid scaling opportunities of up to $2 million, Proppers offers an attractive platform for both novice and experienced traders.
However, the lack of online user reviews, the high educational resources, and the add-on costs could discourage many traders, especially beginners, from joining this platform. As with any financial decision, it's crucial to conduct thorough research and start with a smaller account to test Proppers quality of services and products.
