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Perpetuals prop firm

Propr Review

4.4across 62 reviews

Max profit split: 80%
Challenges from: $25
Largest account: $200K
Payouts: On demand
BTC leverage: 1:10

On-chain crypto prop firm on Hyperliquid — 24 evaluations from $5K to $200K, flat 80% split, USDC payouts

How Propr compares

Strengths

Challenges start from $25 — cheaper than the typical entry among the 7 perpetuals firms we track.

Propr suits traders who value a lower entry price.

Ratings

Review score

4.4/ 5

Ratings aggregated from public trader review scores, verified .

About Propr

Propr is a BVI-registered prop firm that runs on Hyperliquid perpetuals and Polymarket prediction markets, with every payout settled on-chain in USDC. Four evaluation types — Classic, Turbo and Pro 1-Step plus a Classic 2-Step — span six account sizes from $5,000 to $200,000, all at a flat 80% split with no time limit, no minimum trading days and no consistency rule. The only guardrails are a daily loss limit and a max drawdown, both equity-based. Funded capital is capped at $300,000 aggregate.

Headquarters

Road Town, Tortola, British Virgin Islands

Founded

2026

Chief executive

Louis Regis

Max profit split

80%

Starting price

$25

Largest account

$200K

Payout frequency

On demand

First payout

On demand once in profit, $20 minimum

Profit target

9–12%

Max drawdown

BTC leverage

1:10

Drawdown model

Equity-based, including floating P&L

Platforms

Propr web appREST APIPython SDKJS SDK

Markets

Crypto perpsEquity perpsCommodity perpsIndex perpsFX perps

Challenges & pricing

Propr's cheapest plan is a $5,000 1-step account at $25; the largest funded account is $200,000 (from $899). In total Propr lists 24 plan configurations across 4 account models, with profit splits up to 80%.

Propr's Classic 1-Step runs from a $5,000 1-step account at $60 up to $200,000 at $1,998, with a profit target of 10%, a max loss of 6% static, a daily loss limit of 3% and a profit split of 80%.

$5K

1-step

Account size

Fee

$60

Profit target: 10%
Max loss: 6% static
Daily loss: 3%
Profit split: 80% trader / 20% firm

$10K

1-step

Account size

Fee

$110

Profit target: 10%
Max loss: 6% static
Daily loss: 3%
Profit split: 80% trader / 20% firm

$25K

1-step

Account size

Fee

$275

Profit target: 10%
Max loss: 6% static
Daily loss: 3%
Profit split: 80% trader / 20% firm

Best value

$50K

1-step

Account size

Fee

$495

Profit target: 10%
Max loss: 6% static
Daily loss: 3%
Profit split: 80% trader / 20% firm

$100K

1-step

Account size

Fee

$999

Profit target: 10%
Max loss: 6% static
Daily loss: 3%
Profit split: 80% trader / 20% firm

$200K

1-step

Account size

Fee

$1,998

Profit target: 10%
Max loss: 6% static
Daily loss: 3%
Profit split: 80% trader / 20% firm

Swipe for more

About the Classic 1-Step program

Rules that apply to every account size above.

In detail
Profit target	10% of the starting balance, measured on equity so an open winner counts.
Daily loss	3% of the start-of-day balance, re-struck every day at 00:00 UTC. The dollar figure shrinks as you draw down and grows as you bank profit.
Evaluation
Min trading days	None. The evaluation can be passed in a single trade.
Funded account
Funded drawdown	Identical to the evaluation: 3% daily and the same 6% static floor. Only the profit target goes away.
Consistency rule	None. No cap on a single day's share of total profit.
Consistency rule (funded)	None.
Max allocation	$300,000 aggregate funded balance, held across as many accounts as you like.
Scaling plan	None published. The $300,000 cap limits what Propr allocates you to start, not what an account can grow to.
Payouts
Payout frequency	On demand — no waiting period and no cap on the number of requests.
First payout	Available immediately once the funded account is live and in profit. Minimum $20; KYC must be complete.
Processing time	Processed within 24 hours and settled on-chain in USDC; Propr publishes a 34m 5s median.
Min days to payout	None.
Max payout	No cap. Every payout sweeps all profit above the starting balance — no partial withdrawals — and the balance and drawdown limits reset to their opening values.
Refund policy	Evaluation fees are non-refundable once the account is activated, whatever the outcome.
Trading rules
Weekend holding	Allowed. Perpetuals trade 24/7 and there is no flat-by-Friday rule.
Overnight holding	Allowed. No session close and no overnight fee beyond funding rates.
Hedging	Allowed within one account. Opposing positions on the same instrument across two Propr accounts, or hedged against an external CEX/DEX account, are prohibited as anti-farming (§15) and forfeit the account.
Copy trading	Allowed, including copying between your own Propr accounts. Coordinating offsetting trades with other traders is prohibited (§15).
Expert advisors	Allowed with no restrictions. Propr is API-first — REST plus Python and JS SDKs — and says 300+ agents already trade on it.
Other restrictions	Only two guardrails: the daily loss limit and the max drawdown, both equity-based (floating P&L counts) with no grace period. Position caps apply — $1M flat on BTC/ETH and equity/commodity perps, $150K on large-cap crypto (OI ≥ $100M), else 5% of open interest. Prohibited conduct is separate: cross-account or cross-venue hedging, wash trading, latency arbitrage, account cycling and payout/drawdown gaming all terminate the account.
Commission / lot	Hyperliquid maker/taker fees passed through at cost with no markup. Funding rates are debited or credited automatically and count toward your equity.
Access
Platforms	Propr web app, REST API, Python SDK, JS SDK
Payout methods	USDC on-chain

Propr's Turbo 1-Step runs from a $5,000 1-step account at $25 up to $200,000 at $899, with a profit target of 9%, a max loss of 3% static, a daily loss limit of 3% and a profit split of 80%.

$5K

1-step

Account size

Fee

$25

Profit target: 9%
Max loss: 3% static
Daily loss: 3%
Profit split: 80% trader / 20% firm

$10K

1-step

Account size

Fee

$50

Profit target: 9%
Max loss: 3% static
Daily loss: 3%
Profit split: 80% trader / 20% firm

$25K

1-step

Account size

Fee

$125

Profit target: 9%
Max loss: 3% static
Daily loss: 3%
Profit split: 80% trader / 20% firm

$50K

1-step

Account size

Fee

$245

Profit target: 9%
Max loss: 3% static
Daily loss: 3%
Profit split: 80% trader / 20% firm

$100K

1-step

Account size

Fee

$450

Profit target: 9%
Max loss: 3% static
Daily loss: 3%
Profit split: 80% trader / 20% firm

Best value

$200K

1-step

Account size

Fee

$899

Profit target: 9%
Max loss: 3% static
Daily loss: 3%
Profit split: 80% trader / 20% firm

Swipe for more

About the Turbo 1-Step program

Rules that apply to every account size above.

In detail
Profit target	9% of the starting balance, measured on equity.
Daily loss	3% of the start-of-day balance, re-struck every day at 00:00 UTC.
Evaluation
Min trading days	None. The evaluation can be passed in a single trade.
Funded account
Funded drawdown	Identical to the evaluation: 3% daily and the same 3% static floor.
Consistency rule	None. No cap on a single day's share of total profit.
Consistency rule (funded)	None.
Max allocation	$300,000 aggregate funded balance, held across as many accounts as you like.
Scaling plan	None published. The $300,000 cap limits what Propr allocates you to start, not what an account can grow to.
Payouts
Payout frequency	On demand — no waiting period and no cap on the number of requests.
First payout	Available immediately once the funded account is live and in profit. Minimum $20; KYC must be complete.
Processing time	Processed within 24 hours and settled on-chain in USDC; Propr publishes a 34m 5s median.
Min days to payout	None.
Max payout	No cap. Every payout sweeps all profit above the starting balance — no partial withdrawals — and the balance and drawdown limits reset to their opening values.
Refund policy	Evaluation fees are non-refundable once the account is activated, whatever the outcome.
Trading rules
Weekend holding	Allowed. Perpetuals trade 24/7 and there is no flat-by-Friday rule.
Overnight holding	Allowed. No session close and no overnight fee beyond funding rates.
Hedging	Allowed within one account. Opposing positions on the same instrument across two Propr accounts, or hedged against an external CEX/DEX account, are prohibited as anti-farming (§15) and forfeit the account.
Copy trading	Allowed, including copying between your own Propr accounts. Coordinating offsetting trades with other traders is prohibited (§15).
Expert advisors	Allowed with no restrictions. Propr is API-first — REST plus Python and JS SDKs — and says 300+ agents already trade on it.
Other restrictions	Only two guardrails: the daily loss limit and the max drawdown, both equity-based (floating P&L counts) with no grace period. Position caps apply — $1M flat on BTC/ETH and equity/commodity perps, $150K on large-cap crypto (OI ≥ $100M), else 5% of open interest. Prohibited conduct is separate: cross-account or cross-venue hedging, wash trading, latency arbitrage, account cycling and payout/drawdown gaming all terminate the account.
Commission / lot	Hyperliquid maker/taker fees passed through at cost with no markup. Funding rates are debited or credited automatically and count toward your equity.
Access
Platforms	Propr web app, REST API, Python SDK, JS SDK
Payout methods	USDC on-chain

Propr's Pro 1-Step runs from a $5,000 1-step account at $45 up to $200,000 at $1,399, with a profit target of 12%, a max loss of 5% static, a daily loss limit of 3% and a profit split of 80%.

$5K

1-step

Account size

Fee

$45

Profit target: 12%
Max loss: 5% static
Daily loss: 3%
Profit split: 80% trader / 20% firm

$10K

1-step

Account size

Fee

$85

Profit target: 12%
Max loss: 5% static
Daily loss: 3%
Profit split: 80% trader / 20% firm

$25K

1-step

Account size

Fee

$185

Profit target: 12%
Max loss: 5% static
Daily loss: 3%
Profit split: 80% trader / 20% firm

$50K

1-step

Account size

Fee

$355

Profit target: 12%
Max loss: 5% static
Daily loss: 3%
Profit split: 80% trader / 20% firm

Best value

$100K

1-step

Account size

Fee

$699

Profit target: 12%
Max loss: 5% static
Daily loss: 3%
Profit split: 80% trader / 20% firm

$200K

1-step

Account size

Fee

$1,399

Profit target: 12%
Max loss: 5% static
Daily loss: 3%
Profit split: 80% trader / 20% firm

Swipe for more

About the Pro 1-Step program

Rules that apply to every account size above.

In detail
Profit target	12% of the starting balance, measured on equity. The highest target Propr sets.
Daily loss	3% of the start-of-day balance, re-struck every day at 00:00 UTC.
Evaluation
Min trading days	None. The evaluation can be passed in a single trade.
Funded account
Funded drawdown	Identical to the evaluation: 3% daily and the same 5% static floor.
Consistency rule	None. No cap on a single day's share of total profit.
Consistency rule (funded)	None.
Max allocation	$300,000 aggregate funded balance, held across as many accounts as you like.
Scaling plan	None published. The $300,000 cap limits what Propr allocates you to start, not what an account can grow to.
Payouts
Payout frequency	On demand — no waiting period and no cap on the number of requests.
First payout	Available immediately once the funded account is live and in profit. Minimum $20; KYC must be complete.
Processing time	Processed within 24 hours and settled on-chain in USDC; Propr publishes a 34m 5s median.
Min days to payout	None.
Max payout	No cap. Every payout sweeps all profit above the starting balance — no partial withdrawals — and the balance and drawdown limits reset to their opening values.
Refund policy	Evaluation fees are non-refundable once the account is activated, whatever the outcome.
Trading rules
Weekend holding	Allowed. Perpetuals trade 24/7 and there is no flat-by-Friday rule.
Overnight holding	Allowed. No session close and no overnight fee beyond funding rates.
Hedging	Allowed within one account. Opposing positions on the same instrument across two Propr accounts, or hedged against an external CEX/DEX account, are prohibited as anti-farming (§15) and forfeit the account.
Copy trading	Allowed, including copying between your own Propr accounts. Coordinating offsetting trades with other traders is prohibited (§15).
Expert advisors	Allowed with no restrictions. Propr is API-first — REST plus Python and JS SDKs — and says 300+ agents already trade on it.
Other restrictions	Only two guardrails: the daily loss limit and the max drawdown, both equity-based (floating P&L counts) with no grace period. Position caps apply — $1M flat on BTC/ETH and equity/commodity perps, $150K on large-cap crypto (OI ≥ $100M), else 5% of open interest. Prohibited conduct is separate: cross-account or cross-venue hedging, wash trading, latency arbitrage, account cycling and payout/drawdown gaming all terminate the account.
Commission / lot	Hyperliquid maker/taker fees passed through at cost with no markup. Funding rates are debited or credited automatically and count toward your equity.
Access
Platforms	Propr web app, REST API, Python SDK, JS SDK
Payout methods	USDC on-chain

Propr's Classic 2-Step runs from a $5,000 2-step account at $50 up to $200,000 at $1,499, with a profit target of 5% → 10%, a max loss of 8% trailing, a daily loss limit of 5% and a profit split of 80%.

$5K

2-step

Account size

Fee

$50

Profit target: 5% → 10%
Max loss: 8% trailing
Daily loss: 5%
Profit split: 80% trader / 20% firm

$10K

2-step

Account size

Fee

$100

Profit target: 5% → 10%
Max loss: 8% trailing
Daily loss: 5%
Profit split: 80% trader / 20% firm

$25K

2-step

Account size

Fee

$250

Profit target: 5% → 10%
Max loss: 8% trailing
Daily loss: 5%
Profit split: 80% trader / 20% firm

$50K

2-step

Account size

Fee

$450

Profit target: 5% → 10%
Max loss: 8% trailing
Daily loss: 5%
Profit split: 80% trader / 20% firm

Best value

$100K

2-step

Account size

Fee

$749

Profit target: 5% → 10%
Max loss: 8% trailing
Daily loss: 5%
Profit split: 80% trader / 20% firm

$200K

2-step

Account size

Fee

$1,499

Profit target: 5% → 10%
Max loss: 8% trailing
Daily loss: 5%
Profit split: 80% trader / 20% firm

Swipe for more

About the Classic 2-Step program

Rules that apply to every account size above.

In detail
Profit target	5% to clear Step 1, then 10% to pass. The balance carries over and neither step has a time limit.
Max loss	8% trailing the high-water mark, including floating gains. It stops rising once it reaches the starting balance and never trails back down. A payout sweeps profit and resets it to 8% below the starting balance.
Daily loss	5% of the start-of-day balance, re-struck every day at 00:00 UTC — more room than any 1-Step account.
Evaluation
Min trading days	None. The evaluation can be passed in a single trade.
Funded account
Funded drawdown	Identical to the evaluation: 5% daily and the same 8% trailing floor. Payouts reduce the high-water mark by the amount withdrawn.
Consistency rule	None. No cap on a single day's share of total profit.
Consistency rule (funded)	None.
Max allocation	$300,000 aggregate funded balance, held across as many accounts as you like.
Scaling plan	None published. The $300,000 cap limits what Propr allocates you to start, not what an account can grow to.
Payouts
Payout frequency	On demand — no waiting period and no cap on the number of requests.
First payout	Available immediately once the funded account is live and in profit. Minimum $20; KYC must be complete.
Processing time	Processed within 24 hours and settled on-chain in USDC; Propr publishes a 34m 5s median.
Min days to payout	None.
Max payout	No cap. Every payout sweeps all profit above the starting balance — no partial withdrawals — and the balance and drawdown limits reset to their opening values.
Refund policy	Evaluation fees are non-refundable once the account is activated, whatever the outcome.
Trading rules
Weekend holding	Allowed. Perpetuals trade 24/7 and there is no flat-by-Friday rule.
Overnight holding	Allowed. No session close and no overnight fee beyond funding rates.
Hedging	Allowed within one account. Opposing positions on the same instrument across two Propr accounts, or hedged against an external CEX/DEX account, are prohibited as anti-farming (§15) and forfeit the account.
Copy trading	Allowed, including copying between your own Propr accounts. Coordinating offsetting trades with other traders is prohibited (§15).
Expert advisors	Allowed with no restrictions. Propr is API-first — REST plus Python and JS SDKs — and says 300+ agents already trade on it.
Other restrictions	Only two guardrails: the daily loss limit and the max drawdown, both equity-based (floating P&L counts) with no grace period. Position caps apply — $1M flat on BTC/ETH and equity/commodity perps, $150K on large-cap crypto (OI ≥ $100M), else 5% of open interest. Prohibited conduct is separate: cross-account or cross-venue hedging, wash trading, latency arbitrage, account cycling and payout/drawdown gaming all terminate the account.
Commission / lot	Hyperliquid maker/taker fees passed through at cost with no markup. Funding rates are debited or credited automatically and count toward your equity.
Access
Platforms	Propr web app, REST API, Python SDK, JS SDK
Payout methods	USDC on-chain

Check this firm’s payout stats, verified on-chain:

Propr payouts

Recent changes

Reviewed updates to Propr's pricing, account configuration, FAQs and trading rules, tracked in Fine Print.

Price
Tradeable asset count changed from 102 to 123
Before
~~102~~ assets available to trade on Propr All ~~(102)New (2)Crypto (64)Equities (31)Indices~~ (2)Commodities (5)FX ~~(0)~~
After
123 assets available to trade on Propr All (123)New (3)Crypto (76)Equities (39)Indices (2)Commodities (5)FX (1)
16 days agoSource — view the changed page on Propr's website

See other changes

Propr in our coverage

Articles from the Capital Critic blog that cover Propr in depth.

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How Propr compares

Strengths

Ratings

About Propr

Platforms

Markets

Challenges & pricing

$5K

$10K

$25K

$50K

$100K

$200K

About the Classic 1-Step program

$5K

$10K

$25K

$50K

$100K

$200K

About the Turbo 1-Step program

$5K

$10K

$25K

$50K

$100K

$200K

About the Pro 1-Step program

$5K

$10K

$25K

$50K

$100K

$200K

About the Classic 2-Step program

Recent changes

Propr in our coverage

Trader reviews

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Compare Propr with other Perpetuals prop firms

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