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The Prop Trade
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The Prop Trade Review: Rules, Profit Split & Payouts
thePropTrade is a forex and CFD prop firm running four programs — PayFlex (Edge 1-Step), Classic 1-Step, Classic 2-Step and Instant Funding — on its own licensed MT5, cTrader or TradeLocker, across forex, indices, metals, energy and cryptocurrency. PayFlex is the one that sets it apart: a one-time initial fee of $9.99 whatever the account size, with the activation fee payable only after the target is met, at $29 on a 5K account rising through $56, $149 and $269 to $419 on a 100K account. PayFlex also pays back 50% of the profit made during the evaluation step, added to the third payout from the funded account. Every program advertises an 80% profit split. The firm is operated by Quantelite – Fzco, registered in Dubai Silicon Oasis.
The thePropTrade rules differ by program. Classic 1-Step asks for a 12% profit target inside a 6% static maximum drawdown and a 3% daily drawdown; Classic 2-Step asks 5% then 8% inside an 8% static drawdown with 4% daily; PayFlex asks 3% with a 6% trailing lock drawdown and 3% daily; Instant Funding has no profit target and the same 6% trailing lock. Daily drawdown is balance-based, measured from the previous day's end-of-day balance and reset at 21:00 UTC, and breaching it closes the account. There is no time limit, but Classic accounts need three profitable days of at least 0.5% each. The rules that most often catch traders are the Equity Protector, which auto-closes all positions at 3% floating loss (1% on Instant Funding) and turns a third soft breach into account closure, a 70% margin overexposure limit, a 3% risk cap per trade idea (1% on Instant Funding), a 120-second minimum holding time and the 5-minute news window.
Payouts are on demand on PayFlex and Instant Funding once the TPT Score is 25% or below. Classic 1-Step pays 14 calendar days after the first funded trade and then every 7 days, Classic 2-Step every 14 days. The minimum is $100 of net profit, requests are processed within 3 business days, and payment is by Skrill, Neteller or USDT, USDC and BTC. KYC is required before trading a funded account. The evaluation fee is refunded with the third funded payout, and Instant Funding fees are not refundable. Apart from the PayFlex fee table, prices are not published outside the checkout.
Four programs: PayFlex (Edge 1-Step), Classic 1-Step, Classic 2-Step and Instant Funding
PayFlex costs $9.99 up front, with the activation fee ($29 to $419 by size) paid only after passing
80% profit split across all programs, with a $100 minimum payout
No consistency rule on Classic accounts; Instant Funding and PayFlex need a TPT Score of 25% or below to withdraw
6% static drawdown on Classic 1-Step, 8% on Classic 2-Step, 6% trailing lock on PayFlex and Instant Funding
No time limit on any challenge; Classic accounts need 3 profitable days of 0.5%
Evaluation fee refunded with the third funded payout; Instant Funding fees are non-refundable
Does not accept traders from 33 listed countries, including the United States
Is The Prop Trade legit?
Prop Firm Pal has not verified The Prop Trade, so this is not an endorsement: it is what the record shows. Its own pages name the operating company as Quantelite – Fzco, in Dubai Silicon Oasis, United Arab Emirates. Its website has been active in Prop Firm Pal's monthly traffic record since November 2025, and traffic over the last three months is falling sharply. Its payout policy is published, and summarised on the Payouts tab.
Record
What we hold
Company
What we hold
Quantelite – Fzco
Headquarters
What we hold
Dubai Silicon Oasis, United Arab Emirates
In our traffic record
What we hold
Since November 2025 (10 months)
Traffic, last three months
What we hold
Falling sharply (-69% to August 2026)
In The Prop Trade's words
Company: “Quantelite – Fzco, with its registered office at Unit 45679-001, IFZA Business Park, Dubai Silicon Oasis, United Arab Emirates, company`s registration number DSO-FZCO-43496” theproptrade.com/…/terms-and-conditions
Headquarters: “with its registered office at Unit 45679-001, IFZA Business Park, Dubai Silicon Oasis, United Arab Emirates” theproptrade.com/…/terms-and-conditions
The Prop Trade trading platforms
Instruments & payment methods
Instruments
The Prop Trade challenges & plans
Plan
Type
Account size
Profit target
Daily drawdown
Max drawdown
Drawdown type
Profit split
Min trading days
PayFlex (Edge 1-Step)
Type
1-step
Account size
$5K
Profit target
3%
Daily drawdown
3%
Max drawdown
6%
Drawdown type
trailing
Profit split
80%
Min trading days
—
PayFlex (Edge 1-Step)
Type
1-step
Account size
$10K
Profit target
3%
Daily drawdown
3%
Max drawdown
6%
Drawdown type
trailing
Profit split
80%
Min trading days
—
PayFlex (Edge 1-Step)
Type
1-step
Account size
$25K
Profit target
3%
Daily drawdown
3%
Max drawdown
6%
Drawdown type
trailing
Profit split
80%
Min trading days
—
PayFlex (Edge 1-Step)
Type
1-step
Account size
$50K
Profit target
3%
Daily drawdown
3%
Max drawdown
6%
Drawdown type
trailing
Profit split
80%
Min trading days
—
PayFlex (Edge 1-Step)
Type
1-step
Account size
$100K
Profit target
3%
Daily drawdown
3%
Max drawdown
6%
Drawdown type
trailing
Profit split
80%
Min trading days
—
Classic (1-Step)
Type
1-step
Account size
—
Profit target
12%
Daily drawdown
3%
Max drawdown
6%
Drawdown type
static
Profit split
80%
Min trading days
3
Classic (2-Step)
Type
2-step
Account size
—
Profit target
5%
Daily drawdown
4%
Max drawdown
8%
Drawdown type
static
Profit split
80%
Min trading days
3
Instant Funding
Type
instant funding
Account size
—
Profit target
—
Daily drawdown
3%
Max drawdown
6%
Drawdown type
trailing
Profit split
80%
Min trading days
—
The Prop Trade trading rules
Rule
Stance
Condition
News trading
Stance
Conditional
Condition
No opening or closing a trade on the affected instrument from 5 minutes before to 5 minutes after a major release, and from 5 minutes before a red-folder speech until 5 minutes after it ends; positions may be held through news
Expert advisors and automated trading
Stance
Conditional
Condition
Automated strategies are allowed only when they are the trader's own original work; purchased, rented or shared bots are prohibited
Copy trading
Stance
Conditional
Condition
Allowed between the trader's own thePropTrade accounts only; copying other traders, signal providers, copy services or accounts at other firms or brokers is prohibited
Hedging
Stance
Conditional
Condition
Mirrored or opposite positions are forbidden when used across connected accounts or with other people to manipulate the market; hedging inside a single account is not addressed on the pages read
Martingale and grid strategies
Stance
Not permitted
Condition
—
High-frequency and latency arbitrage
Stance
Not permitted
Condition
—
Consistency rule
Stance
Applies
Condition
No consistency rule on Classic 1-Step or Classic 2-Step; Instant Funding and PayFlex Edge funded accounts need a TPT Score of 25% or below before a payout can be requested
Weekend holding
Stance
Permitted
Condition
—
Overnight holding
Stance
Permitted
Condition
—
Minimum trading days
Stance
Applies
Condition
3 profitable trading days, each a net gain of at least 0.5% of the initial balance, on Classic accounts and for each Classic payout cycle; not required on 1-Step Edge or Instant Funding accounts
Time limit
Stance
None
Condition
No maximum number of days to complete the Challenge
Maximum number of accounts
Stance
Applies
Condition
One profile per trader, with funded allocation capped at $400,000 in total and $100,000 per program category
Account sharing
Stance
Not permitted
Condition
—
Trades may not be opened or closed on an affected instrument from 5 minutes before to 5 minutes after a major news release, and from 5 minutes before a red-folder speech until 5 minutes after it ends; existing positions may be held through the news.
Automated strategies are allowed only when they are the trader's own original work, and commercial, purchased, rented or shared expert advisors are prohibited.
Copy trading is allowed between a trader's own thePropTrade accounts, but copying other traders, signal providers, copy services or accounts held at other firms is prohibited.
Mirrored or opposite positions are forbidden where they are used across connected accounts or with other people to manipulate the market; hedging inside a single account is not addressed.
Grid systems, trades opened near the close to exploit gaps and news exploitation strategies are prohibited.
Strategies exploiting latency, price delays, feed discrepancies or platform inefficiencies are prohibited, as is high-frequency or ultra-short-term trading.
There is no consistency rule on Classic 1-Step or Classic 2-Step accounts, while Instant Funding and PayFlex Edge funded accounts must show a TPT Score of 25% or below before a payout can be requested.
Positions may be held over the weekend on all account types, and cryptocurrencies can be traded when forex markets are closed.
Positions may be held overnight without restriction, and all accounts are swap-free.
Classic accounts need 3 profitable trading days, each a net gain of at least 0.5% of the initial balance, to pass and for each payout cycle; 1-Step Edge and Instant Funding accounts do not.
There is no maximum number of days to complete a challenge.
Each trader may hold only one profile, and funded allocation is capped at $400,000 in total with $100,000 per program category.
Only the registered account owner may trade the account, and letting anyone else place or manage trades is prohibited.
Positions should be held for at least 120 seconds, and strategies built on repeatedly closing inside that window are not permitted.
No more than 70% of available margin may be used at any time, and no single trade idea may risk 3% or more of the balance, or 1% on Instant Funding.
The Equity Protector closes all open positions when floating losses reach 3% of the initial balance, or 1% on Instant Funding, and the third such soft breach closes the account.
The Prop Trade payout rules
Payout
Detail
Profit split
Detail
Up to 80%
Payout frequency
Detail
On demand on PayFlex Edge and Instant Funding; on Classic 1-Step the first payout comes 14 calendar days after the first funded trade and then every 7 calendar days, and on Classic 2-Step every 14 calendar days
Processing time
Detail
Within 3 business days of the request
Minimum payout
Detail
$100 net profit per payout request
Payout methods
The Prop Trade account policies
Policy
Detail
Refund policy
Detail
The evaluation fee is refunded with the third profit split payout from a funded account; before trading, a refund can be requested within 14 days if no trades have been placed; Instant Funding fees are not refundable
Scaling plan
Detail
Funded accounts scale by 25% after 10% profit in each of four consecutive months, up to $2 million, with drawdown limits rising proportionally
Inactivity
Detail
An account with no trades for 30 calendar days is breached and closed, and cannot be reactivated
KYC
Detail
Mandatory before trading an Instant Funding account or a funded challenge account; proof of address is not required at initial verification but may be requested later
Trading hours
Detail
Cryptocurrencies can be traded at the weekend while forex markets are closed
The Prop Trade fees
Fee
Amount
Applies to
PayFlex initial fee
Amount
$9.99
Applies to
PayFlex (Edge 1-Step), every account size, paid up front
PayFlex activation fee
Amount
$29 on a 5K account, $56 on 10K, $149 on 25K, $269 on 50K and $419 on 100K
Applies to
PayFlex (Edge 1-Step), payable only after reaching the profit target, within 30 calendar days
Firm details
Detail
As published
Legal name
As published
Quantelite – Fzco
Headquarters
As published
Dubai Silicon Oasis, United Arab Emirates
The Prop Trade restricted countries
The Prop Trade web traffic, month by month
Prop Firm Pal has tracked The Prop Trade's website traffic every month since November 2025. In August 2026 the site received an estimated 20.48K visits, down 42% on the month before and down 69% over three months.
Its busiest month on record was May 2026 at roughly 65.82K visits. Traffic now is 69% below that peak.
A fall of this size over a quarter is the pattern that most often precedes a firm winding down, though it is not proof of it on its own — marketing spend, seasonality and a single lost traffic source all produce the same shape. It is worth weighing before paying for an evaluation.
These are third-party estimates of website visits, collected once a month and stored against the month they describe. They are not trader counts, funded-account numbers or revenue.
Month
Estimated visits
Change
November 2025
Estimated visits
35.30K
Change
—
December 2025
Estimated visits
17.40K
Change
-51%
January 2026
Estimated visits
23.25K
Change
+34%
February 2026
Estimated visits
23.68K
Change
+2%
March 2026
Estimated visits
37.67K
Change
+59%
April 2026
Estimated visits
41.81K
Change
+11%
May 2026
Estimated visits
65.82K
Change
+57%
June 2026
Estimated visits
39.17K
Change
-40%
July 2026
Estimated visits
35.52K
Change
-9%
August 2026
Estimated visits
20.48K
Change
-42%
How The Prop Trade compares in size
Measured on estimated monthly website visits for August 2026, The Prop Trade ranks 188 of the 477 prop firms Prop Firm Pal tracks — larger than 61% of them, at roughly 20.48K visits a month.
The ranking covers every firm measured between June 2026 and August 2026, each on its own latest reading in that window. Firms last measured before June 2026 are left out rather than shown with a stale figure, so the total moves month to month.
Size is not quality. A large firm is one that markets successfully, and several of the most visited firms in this ranking have the strictest rules; some of the smallest pay out reliably to everyone who asks. What the ranking is useful for is scale — whether you are looking at an established operation or something very new.
Similar-sized firm
Monthly visits
Monthly visits
21.12K
Monthly visits
20.73K
Monthly visits
20.08K
Monthly visits
20.04K
FAQs
What is thePropTrade's profit split?
thePropTrade advertises an 80% profit split to the trader on all four programs. PayFlex accounts also pay back 50% of the profit made during the evaluation step, added to the third payout request from the same funded account.
How much does a thePropTrade challenge cost?
Only the PayFlex prices are published outside the checkout. PayFlex costs a one-time initial fee of $9.99 for any account size, then an activation fee paid only after passing: $29 on a 5K account, $56 on 10K, $149 on 25K, $269 on 50K and $419 on 100K. Classic and Instant Funding prices are not published on the pages read.
What are thePropTrade's drawdown rules?
Classic 1-Step has a 6% static maximum drawdown with a 3% daily limit, and Classic 2-Step an 8% static drawdown with 4% daily. PayFlex and Instant Funding both use a 6% trailing lock drawdown that rises with the balance and locks at the starting balance, with a 3% daily limit. Daily drawdown is balance-based, taken from the previous day's end-of-day balance and recalculated at 21:00 UTC.
Does thePropTrade have a consistency rule?
Not on the Classic programs — thePropTrade states there is no consistency rule on Classic 1-Step or Classic 2-Step accounts. Instant Funding and PayFlex Edge funded accounts instead need a TPT Score of 25% or below to request a payout, calculated as the largest winning day plus the largest losing day divided by total profit. A higher score blocks the payout but does not breach the account.
How do thePropTrade payouts work?
PayFlex and Instant Funding payouts are on demand once the eligibility criteria are met. Classic 1-Step pays 14 calendar days after the first trade on the funded account and then every 7 calendar days, and Classic 2-Step every 14 calendar days. The minimum is $100 of net profit, requests are processed within 3 business days, and Classic payouts also need three profitable days of 0.5%.
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