Read our full thePropTrade review including Challenge types, Drawdown rules, Prohibited Strategies, Payout process, and exclusive discount codes. Updated July 2026.
|Forex|25% OFF
Discount Code
Coupon Code
TRUSTED
Profit Split
80%
Payout Speed
3 Days
Max Allocation
$400K
Starting Price
$9
$6.75
25% OFF
cTrader
MetaTrader 5 (MT5)
TradeLockerPros
Cons
Try Our Consistency Calculator
Advanced analytics to measure your trading edge · Drawdown Analysis · Risk Metrics
Updated: July 2026
thePropTrade launched in October 2024. It offers four account types: 1-Step Classic, 2-Step Classic, PayFlex Edge, and Instant Zero. The firm supports MT5, cTrader, and TradeLocker. thePropTrade payouts are processed within 3 business days. Instant Funding accounts let you request payouts on demand. All trading happens in a simulated environment. This prop firm is registered in Saint Lucia with additional entities in Dubai and Cyprus.
Now the firm looks decent, even trader-friendly from a quick qlance but traders should always check the fine prints - exact account to account rules and restrictions before buying a prop firm challenge. This review breaks down every account, every rule, and what you actually get.
thePropTrade is registered in the name The Prop Trade Ltd. with their registration number 2025-00866 and registered office located in Saint Lucia under the Companies Act Cap 13.01. Office at Ground Floor, Rodney Court Building, Rodney Bay Gros Islet, Saint Lucia.
ThePropTrade also operates through two other entities:
QuantElite – FZCO (Dubai Silicon Oasis, reg DSO-FZCO-43496)
K.K. PPM & Consulting Ltd (Cyprus, reg HE 449109) – handles payment operations
This setup is common in prop trading. Saint Lucia incorporation is not a major regulatory jurisdiction. The Cyprus entity handling payments adds some structure, but traders should understand that the parent company operates from a jurisdiction with limited investor protection.
The site makes clear that all accounts operate in a simulated environment using virtual capital. No real trades hit live markets. This is standard for prop firm evaluations but should be understood before you pay.
Launch date: thePropTrade started operating since October 2024. This means the firm is less than two years old at the time of this review. That matters when evaluating payout reliability.
thePropTrade 1-step classic is one of the fastest way to prove your edge and get funded. Hit 12% profit target, no time limit except the minimum trading days rule. Static drawdown.
Account Size | Profit Target | Max Daily Drawdown | Max Drawdown | Fee |
$5,000 | 12% ($600) | 3% ($150) | 6% ($300) | $59 |
$10,000 | 12% ($1,200) | 3% ($300) | 6% ($600) | $99 |
$25,000 | 12% ($3,000) | 3% ($750) | 6% ($1,500) | $199 |
$50,000 | 12% ($6,000) | 3% ($1,500) | 6% ($3,000) | $319 |
$100,000 | 12% ($12,000) | 3% ($3,000) | 6% ($6,000) | $599 |
Max Drawdown Type: Static
Minimum Trading Days: 3 (each day must have at least 0.5% profit to count)
Reward Share: 80%
First payout: 14 calendar days after first trade
Subsequent payouts: every 7 calendar days
Static drawdown means your max loss is calculated from the starting balance, not the highest balance. That is easier to manage than trailing drawdown because the limit does not move.
The 12% target is higher than many 1-step programs which typically sit around 8-10%. The $59 entry for $5k is competitive.
thePropTrade 2-step classic is a balanced challenge made for those who want to test their trading strategies, prove their edge and pass. The profit targets are fair and simple - Phase 1 at 5%, Phase 2 at 8% with a static drawdown. Cheaper than thePropTrade 1-Step because it's harder to pass two rounds.
Account Size | Profit Target | Max Daily Drawdown | Max Drawdown | Fee |
$5,000 | P1: 5% ($250) / P2: 8% ($400) | 4% ($200) | 8% ($400) | $55 |
$10,000 | P1: 5% ($500) / P2: 8% ($800) | 4% ($400) | 8% ($800) | $79 |
$25,000 | P1: 5% ($1,250) / P2: 8% ($2,000) | 4% ($1,000) | 8% ($2,000) | $159 |
$50,000 | P1: 5% ($2,500) / P2: 8% ($4,000) | 4% ($2,000) | 8% ($4,000) | $289 |
$100,000 | P1: 5% ($5,000) / P2: 8% ($8,000) | 4% ($4,000) | 8% ($8,000) | $529 |
Max Drawdown Type: Static
Minimum Trading Days: 3 per phase (0.5% per day to count)
Reward Share: 80%
First payout: 14 calendar days after first trade
Subsequent payouts: every 14 calendar days
The 2-Step gives looser drawdown limits (4% daily, 8% total) compared to the 1-Step (3% daily, 6% total). That extra room can help traders who need more breathing room day to day. But you have to pass two phases instead of one.
The 2-Step is $55 to $529 which cheaper than the 1-Step at each tier. The $100k account is $529 versus $599 for the 1-Step. You pay less upfront but work through two phases. Traders should pick based on their confidence in passing one big target versus two smaller ones.
This is their low-entry option. Pay $9.99 to start, then an activation fee after passing.
Account Size | Profit Target | Max Daily Drawdown | Max Drawdown | Fee (Start + Activation) |
$5,000 | 3% ($150) | 3% ($150) | 6% ($300) | $9.99 + $29 |
$10,000 | 3% ($300) | 3% ($300) | 6% ($600) | $9.99 + $56 |
$25,000 | 3% ($750) | 3% ($750) | 6% ($1,500) | $9.99 + $149 |
$50,000 | 3% ($1,500) | 3% ($1,500) | 6% ($3,000) | $9.99 + $269 |
$100,000 | 3% ($3,000) | 3% ($3,000) | 6% ($6,000) | $9.99 + $419 |
Max Drawdown Type: Trailing Lock
Minimum Trading Days: None (but days with 0.5%+ profit count toward TPT Score)
Reward Share: 80%
Evaluation Profit Share: 50%
thePropTrade Consistency Score: 0% in Phase 1, 25% on Funded
Activation Fee: $29 to $419 (on $5k account, varies by tier)
What is Trailing Lock drawdown?
It locks at the highest balance reached. If your $10,000 account peaks at $10,300, the max drawdown becomes 6% of $10,300 ($618). That is tighter than static drawdown because the limit moves up with your balance but never moves down. If you lose, the limit shrinks.
TPT Score: thePropTrade uses a performance score based on risk control and consistency. A 25% consistency score means your profits cannot exceed 25% of the starting account balance at that stage.
thePropTrade PayFlex Edge has the lowest barrier to entry. $9.99 to start. But the trailing lock drawdown and TPT Score make it more complex than the Classic accounts. Read the rules carefully.
No profit target. No evaluation. Just buy the account and trade. that’s what thePropTrade Instant Zero account offers but it comes with a trailing Lock drawdown and a consistency score of 25%.
Account Size | Profit Target | Max Daily Drawdown | Max Drawdown | Fee |
$5,000 | 0% | 3% ($150) | 6% ($300) | $79 |
$10,000 | 0% | 3% ($300) | 6% ($600) | $119 |
$25,000 | 0% | 3% ($750) | 6% ($1,500) | $209 |
$50,000 | 0% | 3% ($1,500) | 6% ($3,000) | $349 |
$100,000 | 0% | 3% ($3,000) | 6% ($6,000) | $649 |
Max Drawdown Type: Trailing Lock
Minimum Trading Days: None
Reward Share: 80%
thePropTrade Consistency Score: 25%
The Instant Zero is the most expensive upfront because you skip evaluation, but you still have drawdown limits and compliance checks before payouts.. The $100k account costs $649. For comparison, the 2-Step Classic is $529 and the 1-Step Classic is $599.
Trailing Lock drawdown applies here too. That means the 6% max drawdown moves with your highest balance. If you hit $53,000 on a $50k account, your max loss drops to 6% of $53,000 ($3,180) instead of 6% of $50,000 ($3,000). It gets tighter as you profit.
thePropTrade payout cycle depends on the account type you choose while the firm’s payout processing time is 3 business days from the time a trader requests a payout to the time they receive it.
1-Step Classic: First payout 14 calendar days after first trade on the funded account. Then every 7 days.
2-Step Classic: First payout 14 calendar days after first trade. Then every 14 days.
Instant Zero: Payable on demand once eligibility is met, processed within 3 business days.
All thePropTrade payouts require traders to:
Completed KYC verification
Compliance checks
Minimum net profit of $100 per request
thePropTrade payouts are processed within 3 business days from submission if all criteria are met. thePropTrade payout methods are standard available via Skrill, Neteller, Cryptourrencies and local payment methods where supported.
The "on demand" for Instant Funding is better than waiting 14 days, but the 3 business day processing is standard. Not instant, not slow.
thePropTrade supports multiple trading platforms that are loved among traders worldwide. These are the three trading platforms supported by thePropTrade:
MetaTrader 5 (popular)
cTrader
TradeLocker
MT5 and cTrader are both well-regarded. Having both is a plus for traders who prefer cTrader's interface or need access to specific instruments.
They also advertise:
Balance-based drawdown (except where trailing lock applies)
Payouts on demand (Instant Funding)
No max lots restrictions
80% reward split on all accounts
Swap-free accounts
The "no max lots restrictions" is notable. Some firms cap your position sizing. ThePropTrade says they don't. Traders should still check the full terms for any hidden limits.
ThePropTrade’s Trustpilot profile shows a mixed picture. Out of 96 total reviews, 57% are 5-star and 29% are 1-star. thePropTrade has a 3.58 rating on Trustpilot whereas the 29% one-star reviews suggest a significant minority of traders have had negative experiences, primarily around payout denials and account breaches.
Positive feedback focuses on the PayFlex Edge model, smooth payouts, and responsive support. One trader called the PayFlex challenge “a very smart model” and noted that support answers even on weekends. Another said “got my payout today without any issues” and that the crypto withdrawal arrived correctly. Multiple traders praised the unlimited time on challenges, clear rules, and the dashboard. A trader named Sean Lee appreciated swap-free accounts and said “rules are actually readable compared to many prop firms”.
Negative feedback centers on payout denials, account breaches, and trading conditions. Several traders claim their payouts were refused after passing challenges, with one stating “they terminated my 8 month old funded account after 2nd payout”. Another trader reported being “ghosted” for almost 3 weeks after a withdrawal complaint.
Complaints about high spreads and slippage also appear. Some negative reviews have been disputed by the company, which claims those accounts could not be identified or that breaches were due to reaching drawdown limits
A few reviews accuse the firm of being a scam, but the company has responded to many of these with specific explanations or requests for account details. The presence of both verified positive payout reports and multiple serious complaints means traders should check recent reviews and test with a small account before committing larger sums.
This review is published on The Trusted Prop, a prop firm intelligence platform used by traders worldwide to compare firms, check rules, find offers, and read verified reviews.
What this review covers that traders actually need:
Full account rules with exact percentages and dollar amounts
Drawdown type explained (static vs trailing lock) so you know which is tighter
Payout processing times by account type
Registration details and entity structure
Discount code TRUSTED for 25% off
What this review cannot verify:
Trader payout success rates (the firm is young)
Long-term rule stability (rules can change)
Independent trader reviews at scale (Trustpilot unavailable at time of writing)
Pros - Why choose thePropTrade:
Four account types cover different trader styles. Instant for people who want to skip evaluation, 2-Step for lower upfront cost, PayFlex for low entry.
MT5 and cTrader support. Both are solid platforms.
Payouts on demand for Instant Funding. Three business day processing is reasonable.
No max lots restrictions, if the rules hold up.
Swap-free accounts available.
Cons - What to look out for:
Registered in Saint Lucia. Not a major regulatory jurisdiction.
Young firm. Launched October 2024, less than two years old at time of this review.
Trailing Lock drawdown on PayFlex and Instant Zero is tighter than static drawdown. Traders need to understand the mechanics.
Trustpilot data not independently verified in this review.
All trading is simulated. The firm states this clearly, but some traders miss that detail.
Trading challenges involve risk. Most traders do not pass evaluations. Always read the firm's latest rules on their official website before purchasing. Payouts depend on following all rules, not just passing. A single rule breach can void a payout.
thePropTrade looks like a legitimate attempt at a prop firm. The website is transparent about registration details, entities, and the simulated nature of trading. The account options are well-structured with an 80% profit split. Having MT5, cTrader, and TradeLocker is a real plus.
The PayFlex Edge gives new traders a low-cost way to start. The Instant Zero eliminates evaluations for people who want to skip that step.
The main concerns are the firm's age and jurisdiction. October 2024 launch means less than two years of payout data. Saint Lucia incorporation means limited regulatory recourse if something goes wrong. Saint Lucia registration is common in prop trading but offers less regulatory protection than jurisdictions like the UK or Cyprus. The Cyprus entity handles payments, which adds a layer, but the parent company is Saint Lucia.
Traders should:
Read the full terms on the official website or read the in-depth thePropTrade review on The Trusted Prop before buying
Check recent trader reviews on Trustpilot and Discord
Understand the difference between static and trailing lock drawdown before choosing an account
Start with a smaller account size to test payout reliability
Use code TRUSTED for 25% off to reduce the upfront cost
ThePropTrade is worth considering if you understand the risks of a young firm. Treat it as a grower, not an established name. If payouts hold up over the next 12-18 months, it could become a solid option.
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thePropTrade
Trust Score: 60/100 · 3.0
