Quick Summary: What is thePropTrade?
ThePropTrade is a three-year-old prop firm based in Estonia. They offer funded trading challenges in futures and forex, with account sizes scaling up to $2 million. Their selling point is their unique funding model - pay $9.99 now, pass the challenge and then pay rest - reducing the overall cost, profit splits starting at 80%, and a fast payout process.
Sounds like every other firm out there.
The difference? They claim instant funding after passing phase one of two. You get a live account immediately, not after the full evaluation. This is what sets them apart from firms that make you wait a month.
But does that make them better? Let's deep dive into the details.
thePropTrade at a Glance: Pros, Cons, and Key
ThePropTrade is not the biggest prop firm in the space. It does not have the biggest payout wall or the longest history. What it does have is a unique structure that works well for some traders and frustrates others.
Here is what works, what does not, and the hard numbers you need to decide if this prop firm is worth your time and your challenge fee.
Pros:
Multiple funding models
A Unique - pay $9.99 now and rest after you pass - model
80% profit split (up to 95% on higher plans)
No time limits on either phase
No consistency rule
Refund policy on first payout
Free 14-day retry if you fail
No hidden news trading ban
Accepts crypto for payments
Cons:
$83 minimum monthly fee for real accounts (drops to $33 after refund)
Trustpilot score of 3.1 (mixed reviews)
Limited third-party verification of payouts
Traders report slow or inconsistent support
Rules around consistency are vague even if they say there is no rule
Withdrawal to third-party wallets not allowed
Key Specs:
Platforms: DXtrade, cTrader
Instruments: Forex, Indices, Commodities, Crypto
Leverage: 1:100
Spreads: Variable
Minimum Challenge Price: $78
Payout Method: Bank Transfer, Crypto, Wise
Refund: Yes (after first payout)
Scaling Plan: Yes
Payout Frequency: Bi-weekly
ThePropTrade Challenge Structure: How the Evaluation Actually Works
ThePropTrade runs multiple funding models that includes 1-phase, 2-phase, Instant Funding and PayFlex Edge model - a unique pay $9.99 now and rest after you pass. Depending on the account type, you need to hit a profit target of 6% to 10%, with a maximum loss of 8% to 12% total drawdown. Daily loss limit is 5%. No time limit. No minimum trading days.
Once you hit the profit target, they move you directly to a live funded account. This is their instant funding claim, and it's genuine based on trader reports. You skip phase two of the evaluation.
Phase two exists only as a verification step. You need to hit 3% profit with 4% max loss. No time limit. After that, you request your first payout.
The twist is the monthly fee. Live accounts cost $83 per month for a $50k account. The refund policy kicks in after your first payout. So you pay that fee until you make money.
ThePropTrade Rules and Restrictions: What Will Get You Flagged
ThePropTrade operates differently from most firms. They do not ban news trading. They do not enforce consistency rules. This is rare but they are strict about other things.
Leverage is maxed at 1:100. EA trading is allowed as long as it doesn't violate fair use. Weekend hedging is not allowed. According to their T&Cs, they monitor for "gambling behavior" like martingale strategies or opening mass market orders.
On a live funded account, the daily loss limit is 3%. Max loss is 8%. A trailing drawdown applies meaning your loss limit shrinks as your account grows.
The most common complaints on Trustpilot involve people getting flagged for violations they claim they didn't make. The issue is transparency. Some traders say the rules are interpreted differently in practice than what is written in the terms. Read the fine print. Better yet, read actual trader feedback before paying.
ThePropTrade Payout Process: Do Traders Actually Get Paid?
Yes. But the evidence is limited. ThePropTrade does not post a public payout wall dashboard like FTMO or FundedNext. A few payout screenshots appear on Discord and Reddit. The company states they process payouts within 24 hours, with bi-weekly payouts standard.
The refund policy is decent. After your first payout, they refund your challenge fee and monthly fees. This means your initial cost is covered if you pass.
Some traders report payout delays when disputes arise over rule violations. This is common across smaller prop firms. The lack of a transparent payout database makes it harder to verify.
If you want proof before buying, join their Discord or Telegram. Real traders will tell you their experience. The ones with positive payout experiences typically respond faster than the ones with complaints.
Platform and Trading Conditions
ThePropTrade offers three platforms: MetaTrader5, DXtrade and cTrader.
DXtrade is their default. Only MT4 and TradingView not included. This matters if you use custom indicators or Expert Advisors developed for MT4.
cTrader is available for forex traders who prefer ECN-style execution. Spreads are variable and competitive during liquid hours.
Leverage 1:100 is standard for a futures and forex prop firm. No hedging restrictions except on weekends. Swap-free accounts are available on request for Islamic traders.
The demo environment for evaluation uses simulated data but reflects real market conditions. The live environment uses real feeds. If you find slippage on the demo, it will happen on live too.
ThePropTrade Trustpilot Score: What Traders Are Saying
ThePropTrade currently sits at 3.1 stars out of 5 on Trustpilot. That is not great. But it is also not the disaster zone some firms face.
The positive reviews praise the instant funding feature, flexible rules, and fast payout process. Traders who successfully passed the challenge and got funded tend to leave positive feedback.
The negative reviews focus on support issues, rule interpretation disputes, and payout delays. Some claim they were flagged for violations they did not commit. A few mention difficulty getting support responses within reasonable time.
Pro tip: Look at the recent reviews, not the overall score. Older reviews may reflect outdated policies. Check if the firm responded to complaints. ThePropTrade does respond to some negative reviews, which is a sign they care about reputation.
thePropTrade vs. the Competition
Compared to FTMO, thePropTrade has more flexible rules but lower Trustpilot score. FTMO has a proven payout record but stricter consistency requirements. FTMO is more established, thePropTrade is more permissive.
Compared to FundingPips, both firms offer instant funding account options for pro, confident. FundingPips has a higher Trustpilot score at 4.3. ThePropTrade charges a monthly fee on live accounts, FundingPips does not. ThePropTrade offers cTrader, FundingPips does not.
Compared to FundedNext, both offer no time limits and no consistency rule. FundedNext has a bigger payout database and a higher Trustpilot score (4.2). ThePropTrade offers instant funding after phase one, FundedNext requires both phases for payouts.
The monthly fee is the biggest disadvantage for thePropTrade compared to firms that operate on a one-time fee model. If you fail, that fee adds up.
Who Is thePropTrade For?
ThePropTrade is a prop firm that appeals to a specific kind of trader. The kind who values flexibility over safety nets, and speed over third-party validation. Here is who should buy a challenge, and who should walk away.
Good for:
Traders who want instant live funding after passing phase one
Traders who dislike consistency rules and minimum trading days
Traders who use cTrader
Traders who want to trade news events
Traders okay with a monthly subscription-style cost
Bad for:
Traders on a tight budget (the monthly fee can hurt)
Traders who want a proven payout wall and third-party verification
Traders who prefer MT4 or TradingView
Traders who expect 24/7 support
Final Verdict: Is thePropTrade Worth the Fee?
ThePropTrade is a legit prop firm with real trader payout history and trader experiences across different platforms determines that the firm’s challenge accounts are well-liked by traders compared to their instant funded account. They pay out, they offer multiple funding models, and their trading rules are more flexible than most firms.
The problem is the monthly fee and the lack of payout transparency. For a $50k account, you pay $83 a month until you get your first payout. If you take three months to hit the profit target, that is $249 gone before your refund kicks in. If you fail, no refund unless you reach payout.
The 3.1 Trustpilot score of ThePropTrade reflects real frustration from traders who expected cleaner support and clearer rule enforcement.
Would I recommend thePropTrade?
Only if you value instant funding and flexible rules more than you value a cheap one-time fee and a proven payout track record. For most traders, a firm like FTMO or FundedNext offers a better risk-reward ratio.
If you want to try thePropTrade, use their discount code TRUSTED to save on the challenge fee. Just remember the monthly fee starts immediately on the live account. Budget for that before you start.
FAQs
What is thePropTrade instant funding?
Instant funding means once you pass phase one of the challenge, you get moved to a live funded account immediately. You skip the second evaluation phase. Your live account starts with a monthly fee.
Does thePropTrade have a consistency rule?
No. ThePropTrade does not enforce a consistency rule during the challenge or on live accounts. There is no minimum trading days or maximum percentage per day requirement.
Is thePropTrade legit or a scam?
ThePropTrade is legit based on available information. They have been operating since 2022, process payouts, and have a positive Trustpilot score overall. However, some traders report payout disputes and support delays.
How much does a thePropTrade challenge cost?
The $50k challenge is $78. The $100k challenge is $149. The $200k challenge is $298. Prices change seasonally, check the official website before purchasing.
Does thePropTrade allow news trading?
Yes. ThePropTrade does not restrict news trading or hold trading events. You can trade during news releases without risk of breach.
What platforms does thePropTrade support?
ThePropTrade supports DXtrade and cTrader. They do not support MT4 or TradingView. CTrader is available for forex traders who prefer ECN execution.
How long does thePropTrade payout take?
ThePropTrade processes payouts within 24 hours of request. Standard payout frequency is bi-weekly. Real-time payout is available on request for faster funding.
Does thePropTrade have a refund policy?
Yes. After your first payout, thePropTrade refunds your challenge fee and monthly fees. This covers your initial investment. No refund if you fail to reach payout.
What is thePropTrade Trustpilot score?
As of 2026, thePropTrade Trustpilot score is 3.1 out of 5. Positive reviews praise instant funding and fast payouts. Negative reviews criticize support response times and rule clarity.
Can I trade crypto with thePropTrade?
Yes. ThePropTrade offers cryptocurrency trading as part of their instruments. Crypto pairs are available on the DXtrade and cTrader platforms.