Up Trade Funded
1. Introduction to PropShop Trader
In a proprietary trading industry that is becoming increasingly crowded with complex rules and tiered scaling phases, PropShop Trader aims to keep things simple. They target traders who want a no-nonsense evaluation: hit the profit target, manage your risk, and get funded.
Key Highlight: Offering accounts from $25,000 to $100,000, PropShop provides sufficient capital for traders to test their strategies and generate meaningful returns. By removing artificial time limits, they allow traders to execute their edge naturally, rather than forcing high-risk trades to beat a 30-day deadline.
2. Pros and Cons of PropShop Trader
Pros
- No Time Limits: Trade at your own pace without any deadline stress.
- News Trading: Hold and execute trades during major macroeconomic news events.
- Simple Rules: Transparent and easy to understand evaluation rules for everyone.
- Efficient Payouts: Rapid withdrawal processing once traders reach funded status.
Cons
- Lower Scaling: Capital is currently capped at $100,000, lower than many competitors.
- 80% Split: Does not match the 90% profit split offered by leaders.
- No Micro Accounts: Lacks smaller $10K accounts for budget-conscious novice traders.
3. Trading Rules and Objectives
PropShop Trader utilizes a standard 1-step evaluation. To secure funding, you must achieve the profit target associated with your account size.
The evaluation relies on a trailing drawdown model. This means your maximum allowable loss limit trails your highest open intraday profit. Traders must be very disciplined with taking profits to ensure a winning trade that retraces does not cause them to fail the evaluation.
There are no minimum trading days required to pass, meaning if you hit your profit target on day one while adhering to the risk rules, you pass immediately. However, weekend holding is strictly prohibited to mitigate extreme gap risk.
4. Account Sizes and Pricing
PropShop Trader offers three primary account sizes.
| Account Size | Profit Target | Trailing Drawdown | Daily Loss Limit | Monthly Cost |
|---|---|---|---|---|
| $25,000 | $1,500 | $1,500 | $500 | $145 / month |
| $50,000 | $3,000 | $2,500 | $1,000 | $165 / month |
| $100,000 | $6,000 | $3,000 | $2,000 | $215 / month |
(Use coupon code UPTRADE20 to apply a 20% discount on all evaluation sizes).
5. Profit Split and Payouts
Upon passing the evaluation, traders sign an agreement that entitles them to an 80/20 profit split. You keep 80% of all profits generated in the funded account.
Payout Details: Payouts can be requested according to their payout schedule (typically bi-weekly or monthly). The finance team processes these requests swiftly, utilizing standard payment methods such as bank wire and popular cryptocurrencies.
6. Scaling Plan
Currently, PropShop Trader does not emphasize massive horizontal or vertical scaling plans.
| Feature | Details |
|---|---|
| Max Capital Limit | $100,000 |
| Scaling Type | Standard funded limits |
While the $100K cap is a limiting factor for institutional-grade traders, it serves as an excellent foundational account for retail traders looking to supplement their income or build a track record before moving to larger prop firms.
7. Allowed Trading Platforms and Instruments
Traders have access to the full suite of CME group futures products. This includes popular indices (ES, NQ), energies (Crude Oil, Natural Gas), and metals (Gold, Silver).
Through their integration with the Rithmic data feed, you can trade using:
- NinjaTrader 8
- Tradovate
- TradingView (via integrations)
- Quantower
8. Broker and Trading Conditions
PropShop Trader utilizes simulated environments powered by Rithmic. This ensures that the trading conditions-including slippage, execution speed, and market depth-are virtually identical to trading a live account. Commissions are set at standard retail rates, ensuring your evaluation is an accurate test of your live-market profitability.
9. Restricted Strategies
The firm is generally accommodating to most trading styles. Scalping, day trading, and algorithmic trading are all permitted. News trading is also allowed, giving you the freedom to trade NFP or CPI days.
The primary restriction is the prohibition of holding trades over the weekend. All positions must be flattened before Friday’s market close. Furthermore, using malicious latency arbitrage bots or having a third party trade your account will result in an immediate ban.
10. Dashboard and Tech Stack
The PropShop dashboard is minimalist and effective. It tracks your essential metrics: current balance, highest watermark (for the trailing drawdown), and distance to the profit target. It lacks the deep analytical tools of some premium firms, but it provides everything you need to monitor your evaluation progress accurately.
11. Customer Support and Trustpilot
Customer support is available via an email ticketing system. Response times are adequate, usually within 24 hours. PropShop Trader is steadily building its reputation and currently holds a 4.3/5 rating on Trustpilot. Reviewers often point out the simplicity of the rules as the main reason they chose the firm.
12. Comparison with Competitors
| Feature | PropShop Trader | E8 Markets | Bulenox |
|---|---|---|---|
| Profit Split | 80% | 80% | 90% |
| Max Capital | $100K | $1,000,000 | $250K |
| Drawdown | Intraday Trailing | Static/Balance | Intraday Trailing |
PropShop Trader is a more modest firm compared to E8 Markets or Bulenox. It lacks the massive scaling potential of its competitors but provides a solid, reliable alternative for traders looking to diversify their prop firm portfolio.
13. Frequently Asked Questions
Is this prop firm legit and do they actually pay out?
Yes, this firm is a highly reputable proprietary trading firm that has successfully funded thousands of traders worldwide. They provide verifiable proof of payouts on a regular basis and maintain excellent ratings on independent review platforms like Trustpilot.
What are the core rules to get funded?
To secure a funded account, you typically need to reach a specific profit target without violating the maximum drawdown limits (which may be trailing or end-of-day). Most accounts also require a minimum number of trading days to prove consistency.
Do they allow trading during major news events?
Yes, most of their simulated evaluation accounts permit trading during high-impact news releases such as CPI, NFP, and FOMC. However, it’s always recommended to review their specific guidelines regarding news trading on live-funded accounts.
Are Expert Advisors (EAs) or trading bots allowed?
Generally, yes. Automated trading systems, EAs, and algorithmic bots are supported on platforms like MetaTrader or NinjaTrader, provided they do not exploit the demo environment (e.g., latency arbitrage or tick scalping).
How often can I request a withdrawal once funded?
Once you pass the evaluation and trade on a funded account, payouts can usually be requested on a bi-weekly or monthly schedule. Make sure to adhere to their consistency rules and meet the minimum withdrawal threshold before requesting your payout.
14. Final Verdict
If you are a trader who appreciates a straightforward, no-frills path to funding, PropShop Trader is a solid choice. While the $100,000 max capital limit and 80% profit split might not appeal to veteran traders seeking millions in leverage, it is a highly reliable starting point for intermediate traders. The lack of time limits and the ability to trade the news make their evaluations fair and highly passable for disciplined traders.
Ready to start trading with PropShop Trader?
Take advantage of their flexible rules and fast payouts today. Use our exclusive link to get the best discount on your challenge.
Start Challenge Now
