thePropTrade
  • CEO

    Katarina K. (CEO) & Andreas Andreou (Co-CEO & Founder)

  • Country
    AE AE
  • Trust Pilot
    Rating 3.7
  • Years

    3

  • Assets
    • Crypto
    • Forex
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Firm Overview

Broker:

  • No broker / Simulated environment

Platform:

  • TradeLocker

  • cTrader

  • MT5 (rolling out)

Payment Methods:

  • Bank transfer

  • Crypto

  • Card

Withdrawal Method:

  • Skrill

  • Neteller

  • Local payment methods, where supported

  • Cryptocurrency: USDT, USDC, BTC

Integration:

  • Simulated

Execution:

  • Simulated

About thePropTrade

thePropTrade is an emerging prop firm built around a static 8% drawdown model — a structural difference from the trailing drawdowns used by FTMO and FundedNext that traders often find punishing late in a run. Comparison traffic usually arrives from searches comparing thePropTrade vs FTMO or vs MyForexFunds successors.

The firm’s 5-day payout cycle after the first 7 days is one of the fastest in the industry, beating FTMO’s bi-weekly schedule and matching Fintokei’s instant payouts on cadence. Four flexible challenge paths — 2-Step, 1-Step, PayFlex Edge, and Instant Zero — plus a refund of the challenge fee after the second payout reduce the financial risk of evaluation.

For traders searching thePropTrade vs FTMO or FundedNext, the core pitch is predictable drawdown, 5-day payouts, and a refundable entry fee.

Instruments

Forex

Indices

Metals

Commodities

Crypto

Key Strengths & Limitations

Pros
  • Static 8% overall drawdown (no trailing)
  • Four flexible challenge paths (2-Step, 1-Step, PayFlex Edge, Instant Zero)
  • EAs, news trading, weekend holding allowed
  • First payout 7 days after activation
  • Challenge fee refunded after 2nd payout
  • $5M lifetime scaling ceiling
  • TradeLocker native integration with TradingView charts
Cons
  • Max single-account cap $200K — scaling required for higher capital
  • Trustpilot 3.7 — mixed trader feedback
  • MT5 still rolling out
  • Restricted country list not fully published
  • 3-year operating history — shorter track record than Tier-1 firms

Program Comparison

Criteria Classic 2-Step Classic 1-Step / PayFlex Edge Instant Zero
Account Sizes $5,000 – $200,000 $5,000 – $200,000 $5,000 – $200,000
Challenge Fees Refunded after 2nd payout PayFlex: activation fee on pass only Standard pricing
Time Limit None (1 trade / 30 days) None (1 trade / 30 days) None
Drawdown Static 8% / 4% daily Static 8% / 4% daily Static 8% / 4% daily
Profit Split 80% (90% Pro) 80% (90% Pro) 100% on first $10K
Payout Day 7, then every 5 days (Fri) Day 7, then every 5 days (Fri) Day 7, then every 5 days (Fri)
Leverage 1:50 FX/metals/indices/oil 1:50 FX/metals/indices/oil 1:50 FX/metals/indices/oil
Platforms TradeLocker, cTrader, MT5 TradeLocker, cTrader, MT5 TradeLocker, cTrader, MT5

Firm Rules

thePropTrade offers one of the most flexible rulebooks in the industry, with minimal trading restrictions and static drawdown.

Profit Split

  • 80% profit split standard (90% on Pro Challenge)
  • Instant Zero: 100% profit split on the first $10K

Drawdown

  • Static maximum drawdown (no trailing)
  • Balance-based daily risk

Account Activity

  • Minimum 1 trade every 30 days to keep the account active

Strategies & Trading

  • News trading, EAs and weekend holds allowed
  • No stop-loss or lot-size rules
  • 1:50 leverage on FX, metals, indices and oil

Note: Challenge fee is refunded after the 2nd payout.

Payout Policy

Profit Split

  • Up to 90% profit split on standard programmes.

Frequency

  • First payout 7 days after funded activation, then every 5 days.
  • Processed Fridays with Thursday 23:59 UTC cut-off.

Methods

  • Standard bank transfer and crypto via processor.

Processing Time

  • No fees charged by thePropTrade on payouts.

Note: Challenge fee refunded after 2nd successful payout.

Restricted Countries

  • China

  • Vietnam