Naira Prop

NairaProp is a Nigerian prop firm whose funded accounts, profits and payouts are all in naira, with withdrawals sent to Nigerian bank accounts over the NIBSS rail. Traders choose between three challenges, NP FLEX, NP MAX and NP EXPRESS, on MetaTrader 5, trading forex, metals, crypto, indices and energies. NP FLEX, the former Standard account, comes in 2-phase and 1-phase formats from ₦50K to ₦3M, and NairaProp describes its rulebook as a single rule: a trailing maximum drawdown.

On NP FLEX that maximum drawdown is 20% on ₦200K accounts and above, 15% on ₦100K and 10% on ₦50K. The floor trails the highest closed balance on Standard accounts and live equity on the older Pro accounts, and never moves down. There is no daily drawdown, no time limit, no minimum trading days and no consistency rule, and each phase has a 10% profit target. NP MAX runs a separate rulebook in the terms: a static maximum drawdown of 25% in evaluation and 30% once funded, with a daily loss limit of 8% and 5%. The rules most likely to catch a trader: hedging the same pair across two accounts disqualifies every account involved, sharing a login or paying someone to pass closes the account for good, and accounts bought from 28 June 2026 close after 30 days without a trade. On funded accounts, profit from one large one-way position on metals, crypto, indices or energies stops counting once it passes a multiple of the profit target.

The NairaProp profit split follows a Rewards Ladder in the terms: 70% on payouts one to three, then 80%, 85%, 90% and 95% from the seventh. Payouts are on demand, and NairaProp says funds land in about 5 seconds on average once its checks clear, and KYC is needed before the first payout. From the third payout the funded account auto-scales up to ₦3M. Refunds are only available before MT5 login details are delivered.