LC
Max. allocation$300K
Forex and CFD
thePropTrade Review
thePropTrade is a forex and CFD prop firm run by The Prop Trade Ltd in Saint Lucia, funding traders since 2024, with USD accounts and Naira accounts for Nigerian traders. It sells 1 Step challenges from $38.99, traded on MT5, cTrader and TradeLocker.
Markets
Platforms
-
MT5
-
cTrader -
TradeLocker
- Program
- 1
- Cheapest challenge
- $38.99
- Max. allocation
- $400K
- Daily loss limit
- 4%
Programs and Prices
1 program, with the price at every account size.
Rules at a Glance
Loss limits are a share of the starting balance. Breaking either limit ends the account.
| Program | Type | Account sizes | Profit split | Profit target | Daily loss limit | Max loss limit | From |
|---|---|---|---|---|---|---|---|
| PayFlex Edge | 1 Step | 5K to 100K | 80% | 6% | 4% | 6% trailing, then locked | $38.99 |
thePropTrade rules in full
Max DD Type
PayFlex Edge: 6% trailing, then locked. 1-Step and 2-Steps Classic: static (6% on 1-Step). Instant Zero: 6% trailing, locking at the starting balance or on the first payout.
Daily DD Type
4% on PayFlex Edge; 3% on 1-Step Classic (from the previous end of day balance) and Instant Zero.
Consistency Rule
Instant Zero pays on demand once its TPT Score is 30% or less. The risk team can impose a 1% risk per trade idea limit on evaluation accounts; 1-Step Classic allows up to 3%.
Minimum Trading Days
3 profitable days of at least 0.5% per phase or payout cycle on Classic and PayFlex (phase 1).
Leverage
FX 1:50, metals, oil and indices 1:10, crypto 1:1, the same in every phase.
News Trading
No opening or closing from 5 minutes before to 5 minutes after major news on affected instruments; profit removed (soft breach).
Holding Restrictions
A minimum hold of 120 seconds is expected; patterns of shorter trades are reviewed.
EAs/Copy
Only your own EAs; no commercial or third party EAs.
Fees
PayFlex Edge: $9.99 plus an activation fee within 30 days of passing; the prices shown include it. Evaluation fees refunded with the third payout (not Instant). Code NOV20, 20% off, November 2026.
Scaling rules
Scaling Plan
+25% after 10% profit over 4 consecutive months, up to $2M. Allocation up to $400K, $100K per programme.
thePropTrade review
thePropTrade is a forex and CFD prop firm run by The Prop Trade Ltd in Saint Lucia, funding traders since 2024, with USD accounts and Naira accounts for Nigerian traders. It offers PayFlex Edge (a one step that costs $9.99 to start plus an activation fee of $29 to $419 after passing), 1-Step and 2-Steps Classic, and Instant Zero, from $5,000 to $100,000 on MT5, cTrader or TradeLocker. Funded traders keep 80%, from $100, and evaluation fees are refunded with the third payout. Be aware that Trustpilot has removed the firm's rating over a guideline breach, a discretionary 1% risk limit and a TPT Score can be applied to accounts, and payouts are crypto or Nigerian bank transfer only.
Suits
Low risk traders, especially in Nigeria, who want a $9.99 entry with the activation fee paid only after passing.
Less suited to
You need bank wire payouts outside Nigeria, scalp under two minutes, or rely on independent review scores.
Pros
- PayFlex Edge starts at $9.99, with activation only after passing.
- MT5, cTrader and TradeLocker.
- Evaluation fee refunded with the third payout.
- Naira accounts for Nigerian traders.
Cons
- Red flag: Trustpilot has removed the firm's rating over a guideline breach.
- Red flag: discretionary 1% risk limit and TPT Score can restrict payouts.
- Payouts by crypto or Nigerian bank only.
- Trades under 120 seconds reviewed.
- Classic and Instant prices only shown in the checkout builder.
Verdict
thePropTrade makes it cheap to start: PayFlex Edge costs $9.99 and the activation fee is due only after passing, within 30 days. Three platforms are on offer, leverage is the same in every phase, fees come back with the third payout, and a scaling plan reaches $2 million.
The rules give the firm a lot of discretion. The risk team can impose a 1% risk per trade idea limit on evaluation accounts, Instant Zero always has one and pays only when its TPT Score is 30% or less, and trades under 120 seconds are reviewed as a pattern. News trading is closed for five minutes either side of major news on funded accounts.
Red flags: Trustpilot has removed the firm's rating for a guideline breach, and recent reviews describe accounts breached or terminated as they approached a payout. Payouts are by crypto or Nigerian local bank only, with no international wire.
thePropTrade may suit traders, particularly in Nigeria, who want a low cost entry with pay after you pass and are comfortable with crypto payouts and discretionary risk rules.
Trader Reviews
What members who bought a thePropTrade challenge say about it. Our own review above is separate, and these never change our rating.
No reviews of thePropTrade yet
Traded with thePropTrade? Tell other traders how your challenge and payouts went. The first review shows here as soon as a moderator has checked it.
Write the first reviewHow reviews work
- Rate four thingsTrading conditions, customer care, the dashboard and the payout process.
- Add proof if you have itAn order confirmation, funding certificate or payout record earns a Verified label. Proof stays private.
- A moderator checks itUsually within 48 hours. Firms can't have a review removed for being negative.
thePropTrade gets a trader rating once it has 3 reviews.
Reviews come from members and are checked by a moderator before they appear. Verified labels mean we've seen proof. Firms can't remove a review for being negative, and affiliate deals have no effect on reviews. How we handle reviews
Discussions
Threads in our forums about thePropTrade, newest first. Members' posts, not our view.
No threads about thePropTrade yetAsk other traders about thePropTrade, or share how your challenge or payout went. Threads tagged with thePropTrade show up here.
Start a threadPayouts
Profit Split
80%.
Min. Payout
$100.
Frequency
1-Step Classic: after 14 days, then every 7. 2-Steps Classic: every 14 days. Instant Zero: on demand.
First Payout
After the profitable days and risk review; Instant Zero within 3 business days.
Payout Methods
Crypto (USDT, USDC, BTC) or Nigerian local bank transfer; no international wire.
Firm Details
- Country
- LC
- Platforms
- MT5, cTrader, TradeLocker
- Markets
- FX, Indices, Metals, Energy, Crypto
- Payment methods
- Card, crypto
- Payout methods
- Crypto, Nigerian bank transfer
- Support
- Knowledge base, live chat
Questions about thePropTrade
Is thePropTrade legit?
thePropTrade is run by The Prop Trade Ltd (Saint Lucia, 2025-00866) and says it has funded traders since 2024. Trustpilot shows no rating for theproptrade.com: on 5 November 2026 it displayed a notice that the rating was removed for a breach of its guidelines. Recent reviews describe accounts breached or terminated close to a payout.
How much does thePropTrade cost?
PayFlex Edge costs $9.99 to start, plus an activation fee of $29, $56, $149, $269 or $419 for $5K to $100K, due within 30 days of passing. Classic and Instant prices load only in the site's builder. Code NOV20 took 20% off in November 2026.
What is the thePropTrade 1% risk rule?
Instant Zero accounts may risk at most 1% per trade idea, and the risk team can apply the same limit to evaluation accounts at its discretion. Instant Zero payouts also need a TPT Score of 30% or less.
How do thePropTrade payouts work?
The split is 80% with a $100 minimum, paid in USDT, USDC or BTC, or by Nigerian local bank transfer. There is no international bank wire. 1-Step Classic pays after 14 days, then weekly; 2-Steps Classic every 14 days; Instant Zero on demand.
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