# Naira Prop — rules, pricing and payouts > Naira Prop — proprietary trading firm tracked by Prop Firm Pal. **Source:** https://propfirmpal.com/firms/unverified/naira-prop **Generated:** 2026-10-07 **Publisher:** Prop Firm Pal — independent prop firm comparison _Prop Firm Pal earns affiliate commission from some listed firms. This is disclosed on-site and does not affect the computed ranking order._ --- ## Key terms | Field | Value | | --- | --- | | Verification | Listed, not verified | | Community rating | 4.2/5 from 1 review | | Evaluation types | not published | | Cost to a $100,000 funded account | not published | | Cheapest entry price | not published | | Instant funding | not offered | | Account sizes | not published | | Maximum profit split | not published | | Phase 1 profit target | not published | | Daily drawdown | not published | | Maximum drawdown | not published | | Platforms | not published | | Instruments | not published | | Payment methods | not published | | Payout methods | not published | ## Is Naira Prop legit? Prop Firm Pal has not verified Naira Prop, so this is not an endorsement: it is what the record shows. Its own pages give its location as Gwarimpa, Abuja, Nigeria. Its website has been active in Prop Firm Pal's monthly traffic record since January 2026, and traffic over the last three months is growing fast. Its payout policy is published, and summarised on the Payouts tab. | Record | What we hold | | --- | --- | | Headquarters | Gwarimpa, Abuja, Nigeria | | In our traffic record | Since January 2026 (9 months) | | Traffic, last three months | Growing fast (+302% to September 2026) | - Headquarters: "Gwarimpa, Abuja" — https://nairaprop.com/contact ## What this firm publishes 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. _Compiled from Naira Prop's own published pages, retrieved 2026-09-14. Not independently verified by Prop Firm Pal._ | Field | Value | Source | | --- | --- | --- | | headquarters | Gwarimpa, Abuja, Nigeria | [published page](https://nairaprop.com/contact) | | platforms | MetaTrader 5 | [published page](https://nairaprop.com/refund-policy) | | instruments | Forex, Metals, Crypto, Indices, Energies | [published page](https://nairaprop.com/terms) | | availableAssets | Forex, Metals, Crypto, Indices, Energies | [published page](https://nairaprop.com/funded-agreement) | | payoutMethods | Bank transfer to a verified Nigerian bank account via NIBSS | [published page](https://nairaprop.com/funded-agreement) | | payoutFrequency | On demand, whenever the funded account is in profit | [published page](https://nairaprop.com/funded-agreement) | | positioning | A Nigerian prop firm with naira-denominated funded accounts and payouts settled to Nigerian banks | [published page](https://nairaprop.com/why-nairaprop) | | targetTrader | Nigerian traders who lack trading capital | [published page](https://nairaprop.com/about) | | accountCurrencies | NGN | [published page](https://nairaprop.com/why-nairaprop) | | scalingPlan | From the 3rd payout, the funded account auto-scales one tier per payout cycle with no re-evaluation or fee: ₦200K, ₦400K, ₦800K, ₦1M, ₦2M, ₦3M (challenges bough | [published page](https://nairaprop.com/terms) | | refundPolicy | Full refund only before MT5 credentials are delivered (non-delivery within 1 hour, technical failure, duplicate payment or cancellation); no refund once credent | [published page](https://nairaprop.com/refund-policy) | | inactivityPolicy | Account terminated with no trade within 30 days (accounts bought from 5pm, 28 June 2026 WAT) or 7 days (accounts bought before then); NP MAX requires a trade at | [published page](https://nairaprop.com/terms) | | kycRequirements | KYC verification is required before receiving payouts, not before trading | [published page](https://nairaprop.com/terms) | | payoutProcessingTime | About 5 seconds on average via the NIBSS rail once the withdrawal request clears the firm's policy checks | [published page](https://nairaprop.com/terms) | | supportChannels | Dashboard dispute tickets, Phone, Discord | [published page](https://nairaprop.com/contact) | | supportHours | Phone Monday to Friday, 9:00 AM to 5:30 PM WAT | [published page](https://nairaprop.com/contact) | | tradingHours | Normal market hours; weekend trading is not available | [published page](https://nairaprop.com/funded-agreement) | | rules | [object Object], [object Object], [object Object], [object Object], [object Object], [object Object], [object Object], [object Object], [object Object], [object | — | | plans | 12 plans | [published page](https://nairaprop.com/terms) | ## Frequently asked questions ### What are the NairaProp challenge rules? On NP FLEX the only hard rule is a trailing maximum drawdown, alongside a 10% profit target per phase. There is no daily drawdown, time limit, minimum trading days or consistency rule; NP MAX has its own rulebook with a daily loss limit. ### Does NairaProp have a trailing drawdown? Yes. The NP FLEX floor trails your highest closed balance (or live equity on older Pro accounts) and never comes back down. It is 20% of the starting balance on ₦200K accounts and above, 15% on ₦100K and 10% on ₦50K. ### Does NairaProp have a daily drawdown limit? Not on NP FLEX, which has only the overall trailing drawdown. NP MAX does: 8% in evaluation and 5% once funded, measured from each day's opening balance, with a static maximum drawdown of 25% and 30%. ### What is NairaProp's profit split? The terms describe a Rewards Ladder starting at 70% on the first three payouts of a challenge. It then rises to 80%, 85%, 90% and 95% from the seventh payout on the same challenge. ### How do NairaProp payouts work? Payouts are on demand by bank transfer through NIBSS, and NairaProp says money arrives in about 5 seconds on average once its checks clear. KYC verification is required before receiving a payout. ### Does NairaProp allow news trading and EAs? Yes. The Funded Trader Agreement permits news trading, and the terms allow EAs and bots on every account with no hold-time or scalping rule. Automated HFT and latency arbitrage are not accepted. ### Does NairaProp have a consistency rule? Not on NP FLEX. On funded accounts, though, profit from a single one-way position on metals, crypto, indices or energies stops counting beyond a multiple of the profit target when it makes up nearly all the account's profit; forex is not covered. ### Does NairaProp allow hedging? Not across accounts. Opposite trades on the same pair in two accounts disqualify every account involved; hedging inside a single account is not addressed on the pages read. ### Does NairaProp refund the challenge fee? Only before your MT5 login details are delivered, for example on a duplicate payment or a cancelled order. Once credentials are sent there is no refund, because NairaProp treats the service as delivered. ### Does NairaProp have a scaling plan? Yes. From the third payout, a funded account on a challenge bought on or after 26 April 2026 auto-scales one tier at a time, from ₦200K up to ₦3M, with no re-evaluation or fee. ### Is NairaProp legit? NairaProp gives Gwarimpa, Abuja as its location, but the pages read name no legal entity and no financial licence. Payouts go by bank transfer to a verified Nigerian account after KYC, and its support runs through dashboard tickets, phone and Discord. ## Related pages - [Naira Prop rules](https://propfirmpal.com/firms/unverified/naira-prop/rules) — markdown: https://propfirmpal.com/firms/unverified/naira-prop/rules.md - [Naira Prop payouts](https://propfirmpal.com/firms/unverified/naira-prop/payouts) — markdown: https://propfirmpal.com/firms/unverified/naira-prop/payouts.md - [All prop firms compared](https://propfirmpal.com/best-prop-firms) - [Naira Prop alternatives](https://propfirmpal.com/alternatives/naira-prop) - [Naira Prop web traffic history](https://propfirmpal.com/firms/unverified/naira-prop/traffic)