At A Glance: | |
Capital Access: | Up to $2,000,000 in funding with potential for scale up. |
Profit Split: | Up to 90% profit split for traders. |
Instruments: | Access to Forex, Crypto, Indices, Metals, Energies |
Education: | Comprehensive educational resources including videos and daily analysis. |
Flexibility: | No time limits, use of Expert Advisors, and weekend trading allowed. |
Reputation: | Proppers is highly rated for transparency, customer support, and structured evaluation processes. |
Extras: | Advanced trading tools, performance analytics, supportive community, and extensive learning center access. |
- Highly rated for transparency and customer support.
- Advanced trading tools and performance analytics.
- Supportive community and extensive learning center access.
- Structured evaluation process with clear rules.
- Refundable evaluation fee upon reaching the profit target.
- Multiple account management allowed.
- Resets and try-overs available.
- News trading allowed.
- Weekly and biweekly payout options.
- Simple and transparent rule set.
- Free 10-day trial and monthly educational package available.
- Constant technical analysis updates.
- Requires a 5% trailing drawdown based on maximum balance.
- 15 minimum trading days to pass the assessment account.
- Some Expert Advisors (EAs) are not allowed.
- Copy trading (internal) is not permitted.
Proppers, Ltd., a proprietary trading firm, stands out in the trading industry with its unique approach. Founded by investment specialists and fund managers, Proppers is dedicated to finding and nurturing trading talent. They provide a secure and legally protected trading environment, allowing traders to focus solely on their strategies. Proppers ensures real market execution, emphasising transparency and authenticity. Their commitment to trader education and risk management, coupled with an innovative business model, positions Proppers as a leading prop firm. Their global reach, although subject to some regional restrictions, extends the opportunity for traders worldwide to join their robust community. Here’s an in-depth look at what Proppers offers:
Low Commissions
Proppers understands the importance of cost-efficient trading, and their low commission structure reflects this. Traders can engage in more transactions without worrying about high costs eating into their profits. The commission rates are as follows:
- Forex: $2 per lot RT
- Energy and metals: $2 per lot RT
- Crypto: 0.05% of the contract value
- Indices: 0.01% of the contract value
This transparent and competitive pricing structure allows traders to maximize their trading potential while keeping costs to a minimum.
Simple Rules
Proppers prides itself on having a straightforward and transparent set of rules, making the trading process smooth and stress-free. The firm’s philosophy is to keep things clear and simple, enabling traders to focus on what they do best: trading. With easily understandable guidelines, traders can make confident decisions without getting bogged down by complicated terms.
Combined Drawdown
One of the standout features of Proppers is its combined drawdown system. Unlike other firms that constantly raise the bar of their drawdown with a trailing DD system, Proppers switches to a fixed DD system once traders are at break-even. This approach provides traders with more available risk, leading to higher potential profits and a lower chance of blowing their account due to a mishap in the final stages.
High Profit Split
Proppers offer an exceptional profit split, allowing traders to retain up to 90% of their profits. This high profit split ensures that traders are rewarded generously for their successful trades. Proppers calculates the profit share using the trader’s balance and equity at the end of the New York stock market trading session on the day a payout is requested.
Fast Scaling Plan
For traders looking to grow rapidly, Proppers offers a fast scaling plan that allows for a dynamic path to increasing trading capital up to $2,000,000. Upon reaching the profit target and complying with the minimum trading days, traders’ accounts are upgraded to a higher starting amount as outlined in the scaling tables. This plan accelerates growth and enhances trading opportunities.
Weekly Payout
Proppers ensures that traders have quick access to their hard-earned profits with a weekly payout on-demand feature. Using the balance and equity at the end of the stock market trading session in New York, Proppers calculates the profit share and processes payouts efficiently. This feature guarantees that traders can trade, earn, and enjoy their success without delay, thanks to a streamlined payout process.
Proppers Evaluation Process
Proppers has designed an evaluation process that caters to both novice and experienced traders, ensuring a path to success through discipline and performance. Here’s an overview of the evaluation process:
1. The Evaluation
A 1-Step Challenge: Proppers offers a straightforward 1-step challenge that comprises trading rules designed to test and improve traders’ discipline and risk management skills. For beginners, this evaluation serves as a valuable learning experience, equipping them with essential trading skills and knowledge.
2. Signal Provider
You earn a profit share of 75%: After successfully completing the evaluation, traders can start trading on a demo account. Proppers will replicate these trades to a live account, ensuring transparency and allowing traders to earn a 75% profit share. The trading rules are clear and straightforward, with no hidden clauses, providing traders with a fair and transparent trading environment. Proppers also reserves the right to copy all or some of the trades to its own accounts, ensuring that successful trading strategies are leveraged effectively.
3. Hired Trader
You earn a profit share of 90%: Upon reaching a $500,000 account size, traders elevate to the status of a Hired Trader under local legal conditions. This status comes with a higher profit share percentage of 90% and enhanced professional recognition. The Hired Trader status not only increases profitability but also opens up further opportunities for traders, whether they wish to pursue additional employment or trade for their clients. Proppers reserves the right to copy all or some of the trades to its own accounts, maintaining a strategic advantage in the trading market.
Proppers Account Types and Evaluation Details
Proppers offers various account types with a structured evaluation process designed to cater to different trading levels and aspirations. Here’s an overview of the account types and their features:
Initial Account Sizes
Proppers provides multiple initial account size options, each with specific evaluation fees:
- Diamond: $225,000 (Price: $647.57)
- Gold: $100,000 (Price: $438.39)
- Silver: $50,000 (Price: $229.6)
- Bronze: $25,000 (Price: $117.6)
Evaluation Breakdown
Diamond Account ($225,000)
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1-Step Evaluation
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- Grow to $2 MM: Potential to grow the account up to $2 million.
- Education and Daily Analysis: Free educational resources and daily analysis provided.
- Trading Period: Unlimited.
- Minimum Trading Days: 15 days.
- Drawdown: 5% trailing drawdown on the maximum balance.
- Profit Target: 10% ($22,500).
- Profit Share: 75%.
- Payout: Biweekly on demand.
- Refundable Fee: $647 (Refunded upon reaching the 10% profit target).
- Reset Fee: $397.
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Signal Provider
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- Grow to $2 MM: Account growth in 2 stages.
- Education and Daily Analysis: Free.
- Trading Period: Unlimited.
- Minimum Trading Days: 25 days.
- Drawdown: 5% mixed trailing and fixed drawdown.
- Profit Target: 10% cumulative.
- Profit Share: 75%.
- Payout: Biweekly on demand.
- Refundable Fee: $647.
- Reset Fee: $397.
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Hired Trader
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- Grow to $2 MM: Account growth in 2 stages.
- Education and Daily Analysis: Free.
- Trading Period: Unlimited.
- Minimum Trading Days: 25 days.
- Drawdown: 5% mixed trailing and fixed drawdown.
- Profit Target: 10% cumulative.
- Profit Share: 90%.
- Payout: Weekly on demand.
- Refundable Fee: $647.
- Reset Fee: $397.
Evaluation Rules and General Guidelines for Proppers
Proppers sets a clear and structured framework for its traders, ensuring discipline and consistency through well-defined rules and guidelines. Here’s a comprehensive overview:
Rules for Assessment
- Duration
- No maximum time limit
- Minimum of 15 trading days
- Drawdown
- 5% trailing drawdown allowed based on maximum balance
- ATH (All-Time High) trailing maximum drawdown
- Profit Target
- 10% profit target
- Must reach both duration and profit target
- Payouts: 100% refund of initial fee upon reaching the profit target
Rules for Signal Provider
- Duration
- No maximum time limit
- Minimum of 25 trading days
- Drawdown
- 5% trailing drawdown allowed based on maximum balance
- Mixed trailing and fixed drawdown
- Profit Target
- 10% profit target accumulative
- Must reach both duration and profit target
- Payouts: On demand, once every 2 weeks
- Trades are conducted on a demo account and copied to a live account
- Profit share: 75%
- Proppers reserves the right to copy all or some of the trades to its own accounts
Rules for Hired Trader (500k Accounts and Above)
- Duration
- No maximum time limit
- Minimum of 25 trading days
- Drawdown
- 5% trailing drawdown allowed based on maximum balance
- Mixed trailing and fixed drawdown
- Profit Target
- 10% profit target accumulative
- Must reach both duration and profit target
- Payouts: On demand, once per week
- Trades are conducted directly on a live account
- Profit share: 90%
- Proppers reserves the right to copy all or some of the trades to its own accounts
General Rules
- Stop Loss required on all trades
- Total Stop Loss must be less than risk
- Some Expert Advisors (EAs) are not allowed
- Copy trading (in) not allowed
- Multiple accounts allowed
- Consistency required
- Resets and try-overs available
- News and weekend trading allowed
Proppers Learning Center
Proppers offers a comprehensive Learning Center designed to empower traders with the knowledge and skills needed to excel in the trading world. Here’s an in-depth look at the educational resources available:
Course Offerings
- Japanese Candlestick Patterns
- History of Japanese Candlestick Analysis: Explore the origins and historical significance of candlestick patterns.
- Benefits of Using Candlesticks: Understand the advantages of utilizing candlestick patterns in trading.
- Candlestick Structure: Learn about the fundamental structure of candlesticks.
- Doji: Discover the significance and interpretation of Doji patterns.
- Additional Courses (Locked)
- Trading Strategies
- Fibonacci Trading
- Elliott Wave Theory
- Harmonic Price Patterns
Subscription Packages
Proppers offers two main subscription packages for accessing their Learning Center:
- Education Package
- Price: $17.97 per month
- Features:
- Trial/demo account with unlimited free resets
- $100,000 in funding
- Access to educational content only
- Free education included
- Free daily analysis included
- Free Trial
- Price: $0.00
- Features:
- Free 10-day trial (maximum of 1 per visitor)
- $25,000 trial account
- Access to trial content only
- Free education included
- Free daily analysis included
Inside the Learning Center
- Comprehensive Educational Videos
- Covering a wide range of topics from fundamental analysis to advanced trading strategies, these videos are curated to cater to diverse trading styles.
- Constant Technical Analysis
- Regular updates on market trends and technical analysis to help traders stay ahead and make informed decisions.
Unlock a Wealth of Knowledge
Proppers’ Learning Center features an ever-expanding library of over 140 educational videos. These videos are curated to cater to traders of all levels, providing valuable insights, strategies, and techniques to elevate trading skills. Note: Trial account users can access a selection of sample videos. Full access to the entire library is available for those with an assessment account or an active educational package.
What Do We Think About Proppers?
Proppers stands out as a top-tier proprietary trading firm that offers an impressive array of features and benefits tailored to both novice and experienced traders. One of its most appealing aspects is the significant capital access, providing up to $2,000,000 in funding with potential for scale-up. This is complemented by a generous profit split of up to 90%, which is among the highest in the industry. Traders have access to a wide range of instruments, including Forex, Crypto, Indices, Metals, and Energies, allowing for diverse trading strategies and opportunities. The firm’s commitment to trader education is evident in its comprehensive Learning Center, which includes over 140 educational videos, daily analysis, and constant technical updates. This ensures that traders are well-equipped with the knowledge and skills needed to succeed. The availability of advanced trading tools, performance analytics, and a supportive community further enhances the trading experience. Additionally, Proppers offers flexibility with no time limits on trading periods, the use of Expert Advisors, and the ability to trade during weekends. Proppers also excels in transparency and customer support, as reflected in its structured evaluation process. The firm provides clear and straightforward rules, including a refundable evaluation fee upon reaching the profit target, and multiple payout options (weekly and biweekly). The firm’s policies allow for multiple account management, resets, and try-overs, as well as news trading, which is a significant advantage for active traders. However, Proppers is not without its challenges. Traders must adhere to a 5% trailing drawdown based on the maximum balance, which requires disciplined risk management. The minimum trading days requirement (15-30 days depending on the evaluation stage) may also pose a hurdle for some traders. Additionally, certain Expert Advisors (EAs) are not allowed, and internal copy trading is prohibited. The firm’s policy of disqualification for three soft breaches highlights the need for strict adherence to their guidelines. Moreover, the assessment fee required to start the evaluation and the higher fees for larger account sizes might be a barrier for some traders. In summary, Proppers offers a robust and trader-friendly environment with substantial funding opportunities, high profit splits, and comprehensive educational resources. Its transparent and structured approach, combined with flexibility and strong support, makes it a compelling choice for traders aiming to grow and succeed. While there are certain restrictions and requirements, the overall benefits and opportunities provided by Proppers make it a standout option in the proprietary trading firm landscape.