Read our full thePropTrade review including Challenge types, Drawdown rules, Prohibited Strategies, Payout process, and exclusive discount codes. Updated June 2026.
|Forex|Profit Split
80%
Payout Speed
On Demand
Max Allocation
$400K
Starting Price
$9.99
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Are you looking for a modern prop firm that combines fast execution with a well thought out risk management strategy?
thePropTrade is a prop firm that has been around for a year but has already made a significant impact to the trading industry. In fact, it would be hard to find a more perfect firm for a trader exhibiting a high growth or a no challenge funded account style. If you are looking for immediate funding, no challenge prop firm experience or traditional funded accounts in Forex, then this firm based in Dubai has something to offer you. thePropTrade provides a wide range of Direct Funded Accounts and various evaluation processes for you to choose from.
In this thePropTrade review, we will cover the firm’s all details including account types, trading rules, payout process, its unique thePropTrade Stability Score, and how the firm’s scaling plan can lead to a capital as high as $2 million.
Category
Details
Company Name
The prop firm name is thePropTrade.
Legal Name
thePropTrade's legal name is QuantElite – FZCO.
Registration Number
thePropTrade's registration number is DSO-FZCO-43496.
CEO
The CEO of thePropTrade is Katarina Kvasnicak.
Headquarters
The headquarters is located at Dubai Silicon Oasis, United Arab Emirates.
Broker
The broker associated with thePropTrade is Integrated (internal via TradeLocker, cTrader, MT5).
Operating Since
thePropTrade has been operating since October 2024.
Account Sizes
thePropTrade provides account sizes ranging from $5,000 to $100,000.
Profit Split
thePropTrade offers a Standard 80% (Up to 90%) profit split.
Challenge Types
thePropTrade offers Pay Flex (Edge), 1-Step, 2-Step and Zero (Instant Funding).
Payout Cycle
thePropTrade offers payouts On-demand (for Edge/Instant) or every 7–14 days (for Classic).
Payout Method
The withdrawal methods supported by thePropTrade are Neteller, Skrill, Crypto (USDT, USDC, BTC), mPesa and NGN local wire transfer.
Trading Platforms
thePropTrade supports trading on cTrader, TradeLocker and MT5.
Financial Markets
thePropTrade supports trading in Forex, Crypto, Metals, Indices and Energies.
Max Allocation
thePropTrade offers a maximum allocation of $400,000.
Max Scaling
thePropTrade provides scaling opportunities up to $2 million.
Trustpilot Score
thePropTrade has a 4/5 (as of 2025) rating based on 65 current user reviews.
When it comes to picking out a trader to partner with, one needs to weigh the advantages against the constraints. On one hand, thePropTrade features very accommodating thePropTrade payout terms while on the other hand, it imposes rigorous "Stability Scores" so as to avoid traders engaging in reckless gambling with the firm's capital. This thePropTrade review reveals that while the firm offers modern flexibility, it maintains strict legal restrictions to ensure only serious traders reach the withdrawal stage. Here, traders need to understand thePropTrade rules and other trading conditions is important.
Pros
Cons
Instant Funding available without any evaluation
1% risk per trade rule applied on Instant accounts.
Payouts are available on-demand for Edge and Zero plans.
thePropTrade News trading is restricted 5 mins before/after.
Swap-free accounts with weekend holding allowed.
Achieving Profit Target in One Trade is strictly prohibited
Scaling plan allows for growth up to $2,000,000.
Stability score requirement (25% or below) for payouts.
Competitive entry fees with "Pay Flex" options.
High-frequency trading (seconds-long trades) is banned.
thePropTrade has 4 distinctive funding models in 2025. One can easily spot for the right model with the risk and reward profile of their trading style. In this thePropTrade review, we found out that firm’s Instant Funding model provides you with funded account to trade right away without the need to pass a challenge. There are also funded accounts that can be bought by those who are willing to pass the challenge. There is a high level comparison across their primary funding models given here. To succeed, you must follow thePropTrade rules and stay updated on news impacts.
Feature
1-Step Edge (PayFlex)
1-Step Classic
2-Step Classic
Instant (Zero)
Account Sizes
$5k - $100k
$5k - $100k
$5k - $100k
$5k - $100k
Account Fees
Starts $10
Starts $59
Starts $55
Starts $69
Profit Target
6%
12%
5% (P1) / 8% (P2)
0%
Daily Drawdown
3%
3%
4%
3%
Max Drawdown
6%
6%
8%
6%
Drawdown Type
Trailing Lock
Static
Static
Trailing Lock
Min. Trading Days
0 Days
3 Days
3 Days
0 Days
Leverage
High (Platform spec)
High (Platform spec)
High (Platform spec)
High (Platform spec)
Stability Score
Required (25%)
N/A
N/A
Required (25%)
News Trading
Restricted window
Restricted window
Restricted window
Restricted window
Profit Split
80%
80%
Up to 90%
80%
Payout Frequency
On-demand
14 days (then weekly)
14 days (then bi-weekly)
On-demand
thePropTrade Zero Evaluation Trading Accounts will typically be achieved through an instant funding model. A trader opting for this type of funded account would simply pay a flat rate and trade funded capital on the spot as there would be no profit target to achieve. Here is a quick rule overview for thePropTrade instant funding account type:
Account Size
Account Fee
Profit Target (0%)
Max Daily Drawdown (3%)
Max Total Drawdown (6%) (Trailing)
$5,000
$69
$0
$150
$300
$10,000
$99
$0
$300
$600
$25,000
$199
$0
$750
$1,500
$50,000
$299
$0
$1,500
$3,000
$100,000
$499
$0
$3,000
$6,000
This is a "pay-as-you-go" 1-Step Edge account type by thePropTrade, where you pay a small entry fee, pass by achieving a 6% profit target and if you succeed only then you pay a activation fee. No minimum trading days are required, but thePropTrade rules still apply.
Account Size
Entry Fee
Activation Fee
Profit Target (6%)
Max Total Drawdown (6%) (Trailing)
$5,000
$10
$29
$300
$300
$25,000
$30
$129
$1,500
$1,500
$100,000
$90
$339
$6,000
$6,000
thePropTrade 1-step classic account is a simple evaluation model for traders who want to use static drawdown rather than trailing drawdown. Here is a quick rules breakdown for thePropTrade 1-step challenge (classic account). Your fee is paid back with your third of thePropTrade payouts.
Account Size
Account Fee
Profit Target (12%)
Max Daily Loss (3%)
Max Total Drawdown (6%) (Static)
$10,000
$99
$1,200
$300
$600
$50,000
$319
$6,000
$1,500
$3,000
$100,000
$599
$12,000
$3,000
$6,000
The most traditional funding model that is popular among traders is the 2-step evaluation. thePropTrade 2-step challenge classic account type comes with lower profit target that is split across the two phases with a higher drawdown limit. Here is a quick breakdown of thePropTrade 2-step challenge rules:
Account Size
Account Fee
Profit Target (P1 / P2)
Max Daily Loss (4%)
Max Total Drawdown (8%) (Static)
$10,000
$79
$500 / $800
$400
$800
$100,000
$529
$5,000 / $8,000
$4,000
$8,000
Based on our thePropTrade review, the firm offers wide range of funding models with fair trading rules. Now your account choice should be mainly determined by the amount of money you are willing to put in and the level of trading experience you have. Based on our thePropTrade review, the Instant Funding (Zero) account is definitely the best option for professional traders who want to go straight to the live trading phase with funded capital. In case you are a novice or have a limited budget, the 1-Step Edge (PayFlex) is the riskiest way to enter the market at the lowest level. People who like having a classic type of safety can choose 2-Step Classic with a higher 8% static drawdown, making it the most balanced option for gradual growth in a longer time frame.
In this thePropTrade review, we highlight that knowing the risk parameters is a must if you want to avoid a "Hard Breach" and the consequent loss of your account. thePropTrade rules implements a combination of static and trailing drawdown limit according to the type of account chosen. Regarding thePropTrade news trading restriction, the firm allows it but within a limited time frame. No trade should be opened or closed 5 minutes before or after a major news event. Breaking thePropTrade news restrictions can results in a "Soft Breach."
thePropTrade offers institutional-grade liquidity through efficient platforms like TradeLocker and cTrader. This guarantees that the costs stay minimal for the trader.
Spreads are flexible and depend on how volatile the market is. However, they are usually quite tight for major FX pairs. In most cases, accounts are associated with standard industry commissions. Here is a distinctive advantage to be considered: the accounts are Swap-Free, you can keep your trades overnight without the need to pay interest charges.
Traders can trade a diverse range of assets enabling them to use a variety of trading strategies and opening trades at different times of the day.
Trading Instruments
thePropTrade has a set of rules that define the trading conditions under which traders are expected to operate. This thePropTrade review aims to clarify that the firm rules aim at distinguishing "real" trading from "gambling" activities as well as system exploitation which is unfair to other traders.
Strategy / Practice
Allowed?
Details
Copy Trading
Yes
Only between your own thePropTrade accounts.
Expert Advisors (EAs)
Partial
Must be your own code; "Pass Your Challenge" bots are banned.
Weekend Holding
Yes
Traders can keep positions open over the weekend.
Hedge Trading
Yes
Trading opposite directions is permitted.
News Trading
Restricted
Allowed to hold, but not open/close during the 10-min window.
thePropTrade has a well-thought out scaling model that lets a funded trader control a maximum of $2 million and thereby, rewards consistency.
The condition for scaling is making a 10% profit for four consecutive months. As noted in this thePropTrade review, once the 10% profit achieving condition is fulfilled, the firm increases your account balance by 25%. The great thing is that drawdown limits move in proportion to the balance and you do not have to keep your profits in the account to be eligible, you can make a withdrawal and still be able to scale.
Essentially, prop firm trading is about getting paid fast and without any hassle. thePropTrade provides a variety of options for both purchasing challenge accounts and withdrawing your profit payouts. Going through our thePropTrade review is the best way to understand how below flexible payment and payout methods by thePropTrade can benefit traders with different trading styles.
For purchasing challenge or funded accounts, credit and debit cards, Skrill, and Neteller can be used for fee payments at thePropTrade. Similarly, crypto, mPesa (KES/GHS), UPI and local bank transfers (NGN, MYR, IDR) are supported for both withdrawing profit payouts.
thePropTrade is an international platform for traders, they offer a wide range of support. But also, it does not provide services to the residents of several countries because of legal and sanction limitations.
According to our reseach, thePropTrade that will rank as a prop firm of 2025 to keep an eye on, especially if you are a trader valuing fastness and flexibility. Their Instant Funding and PayFlex models are probably the most radical in the whole industry, allowing traders to initiate with almost no capital or even by passing the evaluation process completely.
The findings in this thePropTrade review suggest that while the Stability Score and 1% Risk Rule could somewhat limit the freedom of aggressive traders, these regulations help to ensure the long-term viability of the firm and trader success. Say you are a well-disciplined trader looking for an Instant Payout Prop Firm with swap-free conditions and a clear path to $2 million. Then, thePropTrade is a perfect fit for you.
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thePropTrade
Trust Score: 90/100 · 4.5
