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The Prop Trading

The Prop Trading

MyPropChoice officially delisted The Prop Trading 10/29/2022 after multiple 5 digit & 6 digit payment denials.  However, to top off all the denials they have decided to begun banning anyone that talks about the negative actions their firm is involved in with what believe are attempts to suppress information.  For this reason, we believe The Prop Trading is not a safe or a good firm for traders anymore.  Since we do not personally feel they are good for traders we have ended our GateWay program offering for them.

The Prop Trading Bans Traders

Review The Prop Trading Program Options

The Prop Trading is an Australian forex prop firm with the mission to create an innovative, stimulating, pressure free and safe trading environment.

Evaluation Account Offerrings

 

The Prop Trading offers three basic evaluation accounts all with an 80% profit share, and no minimum trading days to obtain the accounts.  One thing unique about this firm would be the fact while the max combined capital in an account is $500k, you can have unlimited accounts separately and achieve even more capital! 

The biggest downside about their account offerings is the lot size restrictions that are imposed on during the three months of receiving a funded account.  The lot size restriction imposed on their accounts for the first three months are as follows:

  • 200K Account – 10 lots per instrument
  • 100K Account – 5 lots per instrument
  • 50K Account – 2.5 lots per instrument
I learned about the Pop Firm from Internet research. I have 4th payout from TPT without any issue. Furthermore, I have been trading with TPT for around 9 months. Nothing comes easy. Definitely, any trader should have strategy and should follow it strictly. After passing Phase I & Phase II, it takes approximately 48 Hours to receive a Trade Agreement and receive access to a Funded Trading Account. Keep in mind that first 3 months the Funded Account has some LOT limits (Read FAQ). I manage 200K Account (3 months the account has 10 LOT Limits). Overall, I am very satisfied using The Prop Trading. The Payout comes within 48 Business Hours. Never had any problems so far. Last Payout 8K. Thank you for all.

Plamen

Customer

FAQ

Information source The Prop Trading Official Website

The Evaluation Program is a two-step process where you are required to trade on a demo account. You have 30 calendar days to reach the 8% profit target on step 1 and you have 60 calendar days to reach the 5% profit target on step 2. After completion without violation, you will be eligible for a Funded account.
 
 
Traders are entitled to 80% of the profit share resulting from your trading activities. Traders are responsible for dealing with their tax declaration on your own place of residence.
 
The Evaluation Program fee is fully refundable when you receive the first payout. We refund through the same payment method you used to make the purchase. Instructions on how to request your refund will be provided with the invoice making link. Please, check our refund policy.
 
You are welcome to trade news releases. Regarding trading outside market hours, you can hold positions over-the-weekend. (*) You are not allowed to trade or hold the instruments below over-the-weekend, starting 9:00pm Friday, Greenwich Mean Time (GMT) to 9:00 pm Sunday, Greenwich Mean Time (GMT). Cryptocurrencies, Stocks, COPPER, NATGAS, OILUSD, UK.OIL, USD.X. See Violations.
 

Which broker does ThePropTrading use?

 

The Prop Trading uses BRK HOLDINGS (“The Brokers Capital”), which has received 5 stars review from our traders in ultra-low spreads, no commission and fast execution. 

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RISK DISCLOSURE

This is not an investment opportunity. You do not deposit any funds for investment. We do not ask for any funds for investment. At no time do you risk your own capital. There are no promises of rewards or returns. Trading contains substantial risk and is not for every investor. An investor could potentially lose all or more than the initial investment. Risk capital is money that can be lost without jeopardizing one’s financial security or lifestyle. Only risk capital should be used for trading and only those with sufficient risk capital should consider trading. Past performance is not necessarily indicative of future results.

HYPOTHETICAL PERFORMANCE DISCLOSURE

Hypothetical performance results carry with them specific inherent limitations that users should be aware of. It’s important to understand that these results do not guarantee or imply that any account will achieve profits or losses mirroring those displayed. Often, real-world trading yields results that can differ significantly from those seen in hypothetical scenarios. A key constraint of hypothetical results is that they are constructed with the advantage of hindsight. Moreover, such results do not grapple with the financial uncertainties that live trading presents. Factors such as an individual’s capacity to navigate trading losses or remain committed to a trading strategy in challenging times play pivotal roles in real trading situations. Furthermore, myriad external factors connected to the broader market or the intricacies of a specific trading method may not be captured in hypothetical data, and these can have tangible effects on actual trading outcomes. It’s also essential to note that testimonials on our platform might not encapsulate the diverse experiences of all our users and should not be construed as a benchmark for future results.

SERVICES DISCLOSURE

Our services, including all accounts offered, are designed to provide a realistic simulation of trading under actual market conditions. We incorporate various elements, including commissions, to closely mimic real-world trading scenarios. While our services aim to be a rigorous challenge even for seasoned traders, their primary objective is to train customers to navigate and manage the psychological impacts of trading more effectively. We emphasize that our services are demanding and might not be suited for individuals with limited trading experience.

CUSTOMER COMPENSATION DISCLOSURE

All trades on our platform are theoretical in nature. Accounts offered are purely simulated, with no actual trading activity taking place. Endorsements and compensation highlighted on this platform might not represent the experiences of all our users and should not be viewed as a prediction of future outcomes or successes.

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