Company Information

Company Name: Starter Prop Trader
Company Legal Name: Success Prop Funds FZCO
Company Registration No.: DSO-FZCO-38725
Operating Since: July 17, 2024
CEO Name: Robert Han Asyr

Challenge Details

Starter Prop Trader offers four unique account types: 2-Step Start, 2-Step Pro, 1-Step, and Instant funding. Here are the details :-

2-Step Start Details

Pricing:

$10,000 account: $49
$25,000 account: $109
$50,000 account: $189
$100,000 account: $289

Rules:

Profit Target (Phase 1): 8%
Profit Target (Phase 2): 4%
Total Loss: 8%
Daily Loss: 4%
Profit Share: 80%
Drawdown Type: Static Drawdown
Time Limit: Unlimited
Leverage:
- Forex: 1:100
- Indices: 1:50
- Metals & Commodities: 1:30
- Cryptocurrency: 1:2
Max Lot Size: No limit
Payout Frequency: Every 14 days
Allows Copy Trading: Yes
Min Trading Days: 4 days

2-Step Pro Details

Pricing:

$10,000 account: $59
$25,000 account: $139
$50,000 account: $239
$100,000 account: $400

Rules:

Profit Target (Phase 1): 8%
Profit Target (Phase 2): 5%
Total Loss: 10%
Daily Loss: 5%
Profit Share: 80%
Drawdown Type: Static Drawdown
Time Limit: Unlimited
Leverage:
- Forex: 1:100
- Indices: 1:50
- Metals & Commodities: 1:30
- Cryptocurrency: 1:2
Max Lot Size: No limit
Payout Frequency: Every 14 days
Allows Copy Trading: Yes
Min Trading Days: 4 days

1-Step Details

Pricing:

$10,000 account: $89
$25,000 account: $169
$50,000 account: $279
$100,000 account: $469

Rules:

Profit Target: 8%
Total Loss: 10%
Daily Loss: 5%
Profit Share: 80%
Drawdown Type: Static Drawdown
Time Limit: Unlimited
Leverage:
- Forex: 1:100
- Indices: 1:50
- Metals & Commodities: 1:30
- Cryptocurrency: 1:2
Max Lot Size: No limit
Payout Frequency: Every 14 days
Allows Copy Trading: Yes
Min Trading Days: 4 days

Instant Funding Details

Pricing:

$10,000 account: $289
$25,000 account: $800
$50,000 account: $1800
$100,000 account: $3500

Rules:

Profit Target: None
Total Loss: 10%
Daily Loss: 5%
Profit Share: 80%
Drawdown Type: Static Drawdown
Time Limit: Unlimited
Leverage:
- Forex: 1:100
- Indices: 1:50
- Metals & Commodities: 1:30
- Cryptocurrency: 1:2
Max Lot Size: No limit
Payout Frequency: Every 14 days
Allows Copy Trading: Yes
Min Trading Days: 4 days

Scaling Plan

Starter Prop Trader offers traders an easy scaling plan which allow traders to grow their funding up to $1,000,000. To be eligible, Traders will have to :

Maintain a net profit of 10% over four consecutive months (minimum of 2.5% per month).
Make at least two payouts within this period.

Benefits:

Capital Increase: 25% every four months.
Profit Sharing Boost: Increases to 95% for traders with scalable accounts.

Drawdown Adjustments:

After four months: 5% & 10%. (Daily and Max Drawdown Respectively)
After eight months: 6% & 12%. (Daily and Max Drawdown Respectively)

Note: Combining scalable and non-scalable accounts reverts profit sharing to 80%.

Spreads and News Trading Rules

Spreads

Starter Prop Trader has given a page where traders can check the spreads of their desired instruments. Traders can check the spreads here - https://starterproptrader.com/wp-content/uploads/2024/07/Symbols-Spreads_starter.pdf

News Trading Rules

For 2-Step PRO, 1-Step and Instant accounts :- News trading is Fully allowed.

For 2-Step START accounts:- News Trading is allowed but traders are not allowed to trade or modify their trades 2 minutes before and 2 minutes after a high impact news event. Traders are allowed to hold their positions throughout the day.

Other Important Rules

Daily Drawdown Calculation

Starter Prop Trader calculates daily drawdown based on the equity based drawdown therefore at any moment of the day, the floating equity of the account must not go below a specific given percentage of the account. As this is equity based drawdown, the drawdown amount also grows or shrink as the account balance increase or decreases every moment.

Countries Banned from Purchasing

Starter Prop Trader allow traders from all the countries to join their funding program.

Prohibited Trading Strategies

Starter Prop Trader allow traders to trade with any strategy they want to, Traders are not restricted to use any kind of EA or strategy at all.

Payout Methods

Starter Prop Trader offer 2 payout method to their traders to request payouts :-

Regular bank transfers
Cryptocurrency

Trading Commissions

Trading Commissions set by Starter Prop Trader is as follows :-

Forex, metals, and commodities: $3 per lot.
Indices and cryptocurrencies: $0 per lot.

IP Rule

Starter Prop Trader has not mentioned any information related to IP Address Rule on their website.

Leave a Review for Starter Prop Trader – Share Your Prop Trading Experience

Starter Prop Trader

FAQs

Who is permitted to write a review on The Trusted Prop?

What areas can I focus on for providing a feedback in my review?

Do I need to upload some type of proof in order to leave a review?

How long does it take for my review to show up on the website?

Am I able to change or delete my review after submission?