The Prop Trading Full Review – Is It A Scam?


The Prop Trading

5.4

FUNDING

8.0/10

PLATFORM CHOICES

5.0/10

EDUCATION OFFERED

4.0/10

STRICT RULES

7.0/10

REPUTATION

3.0/10

Pros

  • UP TO $200,000 IN FUNDING
  • PROFIT SHARE OF 80%
  • CRYPTOS AND INDICES OFFERED
  • 1:200 LEVERAGE

Cons

  • LIMITED PLATFORM OPTIONS
  • BAD REPUTATION
  • SLOW SCALING PROGRAM
  • BAD CUSTOMER SERVICE
  • NO EDUCATIONAL CONTENT

Prop firms can be an absolutely great way for retail traders to reach that next level in their trading, from making small profits as a hobby, to managing large capital and trading for a living. With that being said, there are so many different companies with pros, cons and different perks that can make a huge difference to your success.

In this article we are going to be looking at The Prop Trading, a relatively new Australia prop firm offering funding for forex traders of up to $200,000. Let’s find out if this is the best company for you to be trading with…

Who Are The Prop Trading?

The Prop TradingOpens in a new tab. is a prop firm coming out of Australia, offering capital of up to $200,000 for forex traders around the world. They are offering trading accounts on the MT5 platformOpens in a new tab., with access to Crypto and Indices too, with a profit share of up to 80%.

Along with the amazing profit split they are offering refundable fees for those traders passing the challenge stage, retries for traders that get close, and 1:200 leverage making it very possible for you to pass your funding!

Every 3 months, if you’ve had a minimum of 6% growth with an average of minimum 2% gain per month, an additional 25% of funding is added to your account, to reward you for your trading consistency!

With all of this being said, it sounds like a no brainer to get funding from The Prop Trading right now, doesn’t it? Well, let’s have a further look before we make any decisions.

Getting Funding From The Prop Trading

They offer funding for traders from $50,000 which will cost you $279, all the way to $200,000 which will set you back around $800. These fees are completely refundable if you pass the challenge and actually get funded. Like many of the firms in the industry right now, there is a 2 step verification and challenge process.

The profit share offered is 80%, one of the highest in the industry and withdrawals are processed monthly providing that you are flat on trades on the last trading session of each month, at midnight. 80% is a huge profit share, for example, Lux Trading FirmOpens in a new tab. offer 65% profit share and DT4XOpens in a new tab. offer 60%, so we are looking at 20% higher for this company!

What Makes The Prop Trading Different From Other Prop Firms?

The Prop Trading is fairly similar to a lot of the other leading prop firms in the industry. I have actually compiled a list of the best firms hereOpens in a new tab., so you can compare and contrast.

The main difference is the fact that The Prop Trading offers a range of indices and cryptos to trade, which most companies do not offer. Most of the popular firms offer a range of forex pairs, major and crosses, along with a few metals and that’s about it. This makes The Prop Trading a potentially much better choice for traders that like to stick with more volatile instruments like Indices and Crypto.

Another difference is the fact that they are offering a free trial to test the trading conditions and sharpen your skills before purchasing a paid trial. This is something that FTMOOpens in a new tab. recently started offering too and I’m a big fan of this idea. This is a great way for beginners or newer traders to start thinking and trading like a professional trader, as well as getting a feel for the rules, conditions and MT5 trading platformOpens in a new tab..

Is Getting Funding From The Prop Trading Realistic?

Getting funding from The Prop TradingOpens in a new tab. is actually fairly realistic and much easier than some of the challenges out there posed by prop firms. The rules for funding are fairly simple and you even have 1:200 leverage on your account to help you out!

Whether you choose the $50,000 funding, the $100,000 or the $200,000, the rules stay exactly the same…

  1. You have a 8% profit target in the first 30 days. There is a maximum loss of 10% and a maximum daily loss of 5%.
  2. If you’re successful, you then have 60 days to achieve a 4% profit. The same maximum daily loss and total loss rules apply.

This is going to be very achievable for most profitable traders in a good month and very closely mirrors the difficulty of the FTMO $200,000 challengeOpens in a new tab.. In terms of enforcement of the rules, from reading the reviews on forums I can see that there is absolutely no wiggle room and the company will make your account ineligible for funding if any rules are broken.

If you think you are going to struggle hitting that 8% profit target in 30 days, don’t worry because there are firms offering instant funding with no challenge or verification needed! Check out my full reviews on DT4XOpens in a new tab. and MyForexFundsOpens in a new tab. if this sounds more suited to your trading.

The Prop Trading Capital Scaling Plan

With some of the more well known trading firms in the industry, they are offering a capital scaling plan. This is a way to reward profitable and consistent traders, by increasing their account balances every milestone. The milestones are typically either every 4 months, or every 10% gain on the account.

The Prop Trading has a capital scaling plan, but it is extremely vague. All we know is that every 3 months, capital is increased by 25% for profitable traders. At the moment we don’t have any further information on the specifics of what is actually required to be eligible for compounded growth.

Even with our limited information, it’s great to see that TPT is offering any type of capital scaling. If we compare the percentage gain to the likes of DT4X’s scaling plan, The Prop Trading is still offering something much lower than the rest of the competitors in the market. Nevertheless, it’s nice to have!

The Prop Trading Reviews – What Are Traders Saying?

If a company in the forex trading industry, especially retail, scams people or does people out of a service, typically traders are very happy to speak out about it. This works in our favour as we can tell the general trustworthiness of a company by looking at the public reviews of traders all around the world who may have a different experience from ourselves. If you’ve read some of our best prop firm reviews, you’ll know we have saved ourselves a lot of potential issues by using traders experiences!

The Prop Trading is rated as Average on TrustpilotOpens in a new tab., with a score of 3.8/5 and 24% bad reviews. Although this isn’t terrible, compared with some of the other prop firms we have reviewed like FTMOOpens in a new tab. or DT4XOpens in a new tab., it’s really not great and slightly worrying. I constantly update this section every few weeks and over the last few months we can see the company is growing in reviews and growing in positive reviews, more importantly.

From looking over the 397 reviewsOpens in a new tab., it’s definitely worrying to see so many traders unsatisfied with the service that The Prop Trading is providing. There seems to be a huge number of cases where the company has disqualified traders without the traders actually having reached loss limits or warranting their accounts being cancelled.

I would encourage you to look over all of the comments in the reviews on TrustpilotOpens in a new tab. to help make your decision. It’s worth saying that the negative reviews are not down to just the nature of traders losing money and getting angry, as other firms like 5%ersOpens in a new tab., CTIOpens in a new tab. and DT4XOpens in a new tab. all have glowing reviews for forums.

From consistently monitoring the reviews over the last few months, we are noticing that the company is gradually gaining a better reputation within the industry. The number of reviews are certainly slowly increasing which is a great sign, alongside the score gradually increasing too. This shows that the company is definitely working on all areas of the prop funding program that needed to be addressed.

Diversifying Risk From The Prop Trading

The reviews from tradersOpens in a new tab. regarding this company aren’t overly promising yet, but it appears the company is definitely getting much better and the trading conditions/profit splits are really good. This leads to the question, how can we use this prop firm without taking on the risk of them not paying us and leaving us high and dry?

Using Multiple Prop Firms

The best way to reduce the risk, is to use multiple prop firms at once – this way, if one prop firm goes down or doesn’t pay out, you haven’t wasted months of trading on one account. For instance, using DT4XOpens in a new tab. and The Prop TradingOpens in a new tab. simultaneously.

I would recommend using a forex trade copierOpens in a new tab., like MT4 CopierOpens in a new tab., to copy yours trades automatically from one prop firm to another. This way, you can reduce the risk and potentially double the amount of money you are getting from prop firm trading.

If you’re going to be taking our recommendation of using multiple prop firms to reduce your risk, I would definitely checkout our forex trade copier listOpens in a new tab.. This list breaks down all of the industry leading tools to use to duplicate your trades across multiple funded accounts automatically!

Summary – Is The Prop Trading A Scam?

In short, The Prop TradingOpens in a new tab. isn’t a scam but it isn’t a very highly trusted yet and rated forex prop firm compared to some of the other prop firms in the industry like MyForexFundsOpens in a new tab. or FTMOOpens in a new tab.. Although the company is offering a lot of perks and a great profit split, the bad reputation and awful reviews on forums is something we need to be careful with.

Any funding service that appears to be catching traders out and unfairly failing challenges is one that we want to stay away from, which appears to be happening by looking on the Trustpilot reviewsOpens in a new tab. from other traders around the world.

I would however recommend The Prop Trading if you’re an indices or crypto trader looking to take on additional capital and willing to take on the risks. Most of the high rated prop firmsOpens in a new tab. don’t offer crypto so this may be your best bet if you’re looking to secure some capital! You could always use a trade copierOpens in a new tab. to use multiple prop firms at once – which is a great way to diversify risk.

If you have any experience with this firm please do let me know in the comments down below. I do truly believe that the company is turning around and certainly one to look at for the future, but this so many strong competitors in the industry I wouldn’t say the risk is worth us taking, yet.

Kyle Townsend

I've been trading forex full-time since 2016. Over the last few years I have tried and tested all of the most popular forex brokers after being scammed by an unregulated broker back in 2017. I post my reviews to help others stay away from potentially high risk brokers!

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