Starter Prop Trader has founded by “Robert Han Asyr” and headquartered in Dubai. They offer over 50 assets to trade with 10% maximum total drawdown. Minimum price for a challenge in this prop is $47 and has 14 days time limit for each challenge.
Starter Prop Trader Company Information
Starter Prop Trader burst onto the scene in 2024, with a clear mission: to empower traders worldwide by providing the resources, support, and transparency needed to succeed in the forex market. The company's vision is nothing short of ambitious – to set new standards for integrity and support in the forex prop industry, making trading accessible and rewarding for all. Key points about Starter Prop Trader:
- Founded in 2024
- Focuses on fairness and transparency for traders of all levels
- Committed to fostering a global, accessible, and innovative forex prop trading environment
Specification summary
What makes Starter Prop Trader different from other prop firms? The following table provides an overview of the specifications and features of this prop form:
Account Currency | USD |
Minimum Price | $47 |
Maximum Leverage | 1:100 |
Maximum Profit Split | 80% |
Instruments | Forex, Crypto, Commodities, Indices, Stocks |
Assets | +50 |
Evaluation Steps | 4 [2 Step START, 2 Step PRO, 1 Step, Instant] |
Trading Platform | No Information Provided |
Withdrawal Methods | Credit/Debit Cards, USDT, Cryptocurrency [USDC, BTC, ETH] |
Maximum Fund Size | $100,000 |
First Profit Target | 8% |
Maximum Daily Loss | 5% |
Challenge Time Limit | 14 Days |
News Trading | Yes |
Maximum Total Drawdown | 10% |
Commission Per Round Lot | Not Provided |
Trust Pilot Score | 4.2 out of 5 |
Payout Frequency | Daily For First Payout, Bi-Weekly for Next Payouts |
Established Country | UAE |
Established Year | 2024 |
Advantages & Disadvantages
What are the advantages and disadvantages of using Starter Prop Trader Firm services? Let's Break Down STP pros and cons:
Pros | Cons |
Early Profit-Sharing During Challenge Phase (15%) | Lower Profit Split (80%) Compared to Other Companies |
Transparent Payout Process with Dedicated Tracking Page | Relatively New Company (Founded In 2024) |
Flexible Trading Conditions (EAs Allowed, News Trading Permitted) | Limited Track Record Compared to More Established Firms |
No Hidden Rules or Arbitrary Restrictions | |
Quick First Payout on Demand |
While Starter Prop Trader offers some compelling advantages, it's important to consider their newcomer status in the industry. However, their innovative approach and commitment to transparency may outweigh these concerns for many traders.
What Are Fundings and Prices in Starter Prop Trader?
They offer a range of account sizes to suit different trader needs and experience levels. Started Prop Trader funding and pricing:
Funding | 2 Step START Challenge Price | 2 Step Pro Challenge Price | 1 Step Challenge Price | Instant Challenge Price |
$10000 | $47 | $53 | $80 | $260 |
$25000 | $104 | $125 | $152 | $720 |
$50000 | $180 | $215 | $251 | $1620 |
$100000 | $275 | $360 | $422 | $3150 |
Remember, these are simulated accounts – but the profits you earn are real!
What are the Evaluation stages In Starter Prop Trader Firm?
At Starter Prop Trader Reviews, we noticed that the company recently updated its challenges list. Now, they have four plans for traders, each with its own features. Starter Prop Trader Challenges:
Specifics | 2 Step START | 2 Step Pro | 1 Step | Instant |
15% Profit Share in Challenge Phase | No | Yes | Yes | No |
Maximum Leverage | 1:100 | 1:100 | 1:100 | 1:100 |
Minimum Trading Days | 4 Days | 4 Days | 4 Days | 14 Days |
Step 1 Profit Target | 8% | 8% | 8% | - |
Step 2 Profit Target | 4% | 5% | - | - |
Maximum Daily Drawdown | 4% | 5% | 5% | 5% |
Maximum Drawdown | 8% | 10% | 10% | 10% |
Profit Split | 80% | 80% | 80% | 80% |
EA | Allowed | Allowed | Allowed | Allowed |
News Trading | Not Allowed | Allowed | Allowed | Allowed |
Price Discount | 5% | 10% | 10% | 10% |
This structured approach helps Starter Prop Trader identify skilled traders who can manage risk effectively and generate consistent profits – a win-win for both the firm and the trader.
Does Starter Prop Trader Firm Offer Bonuses and Discounts?
Starter Prop Trader knows how to keep things exciting for their traders with a range of bonuses and discounts:
- 15% profit share during challenge and verification phases;
- Performance-based incentives for hitting specific ROI targets;
- Risk management bonuses for maintaining disciplined trading;
- 5% discount in “2 Step START” Challenge;
- 10% discount in “2 Step PRO, 1 Step and Instant” Challenges.
Starter Prop Trader's focus on rewarding disciplined, profitable trading is clear. Their unique 15% profit share during evaluation stages sets them apart from many competitors, allowing traders to start earning real money even before reaching the funded account stage.
Remember, always read the current terms and conditions, as promotions and bonus structures may change over time.
Tradable Instruments and Symbols
According to official information, this prop form supports 5 markets and more than 50 assets to trade. Starter Prop Trader Instruments:
Forex
- Major pairs (e.g., EUR/USD, GBP/USD, USD/JPY)
- Minor pairs (e.g., EUR/GBP, AUD/CAD)
- Exotic pairs (e.g., USD/TRY, EUR/NOK)
Indices
- US30, S&P 500, NASDAQ
- DAX, FTSE 100, Nikkei 225
Stocks
- AAPL
- AMZN
- TWTR
Commodities
- Crude Oil (WTI and Brent)
- Natural Gas
Cryptocurrencies
- Bitcoin (BTC/USD)
- Ethereum (ETH/USD)
- Other major altcoins
Starter Prop Trader's wide selection of tradable instruments allows traders to diversify their strategies and take advantage of opportunities across multiple markets. Always check the current list of available instruments, as offerings may be updated over time.
What Payment Methods are Available in Started Prop Trader?
This prop firm and its managers understands the importance of smooth, reliable payment processing for their traders. Starter Prop Trader:
- Credit/Debit Cards (Visa, Mastercard)
- Tether USDT “TRC20”
- Tether USDT “ERC20”
- Bitcoin
- Ethereum
- USD Coin “ERC20”
Fees and Costs
Starter Prop Trader has not released much information about its trading fees. However, we asked support about this and got the following information.
- No monthly subscription fees;
- Challenge fee is refundable through profit splits.
Starter Prop Trader Prop Firm Trust Scores
Starter Prop Trader scored 4.2 out of 5 on the most critical review platform, Trustpilot. However, such a score was obtained from 8 reviews, but according to the traders, they are satisfied with the performance of this company.
Other websites, including ForexPeaceArmy and Reviews.io, have yet to create any pages for this rookie prop.
Support
Effective customer support is crucial for any prop trading firm, and Starter Prop Trader aims to provide responsive and helpful assistance to their traders; they offer 24/7 support and provide the ways below to contact support:
- Visit in Person: Ready to provide service during business hours;
- Live Chat: Available on the website 24/7;
- Email Support: 24/7 with typical response time of 1-2 business days;
- FAQ Section: Comprehensive resource for common questions.
Starter Prop Trader Social Media
Starter Prop Trader has established a strong online presence to attract and engage potential traders. Start Prop Trader Social Media Channels:
- YouTube: https://www.youtube.com/@starterproptrader
- X (Twitter): https://x.com/starter_prop
- Telegram: https://t.me/starterproptrader
- Instagram: https://www.instagram.com/starter_prop_trader
- Discord: https://discord.com/invite/starterproptrader
Trading Finder Expert suggestions
Starter Prop Trader offers maximum capital up to $100,000 [scalable to $200,000.] First profit target in this prop is 8% and challenge fees are refundable through profit splits. All of these has led to 4.2/5 rating in Trustpilot, but Starter Prop Trader has disadvantages too [limited track recored e.g.]
