Revenue and payouts, you can follow them yourself.
Total revenue
$4,933,896.15
Total paid out
$2,975,004.37 · 7,874
Hedge P&L
Realized +$560,585.40 · 73 days
You can choose by looking not just at whether the entry fee is cheap, but at how much revenue there is and whether payouts are actually made. Being able to keep following it after buying an account is a nice touch.
Realized hedge P&L is positive in total. As a ratio of total payouts, it is18.8%. Beyond revenue and payouts, how the hedging performs can also inform your decision.
What the public data shows
- Revenue from evaluation fees, number of users, and pass rates by plan.
- Number and amount of payouts, and on-chain transfer records.
- Hedge P&L, and slippage by instrument and order size.
The annualized run rate is about $17.78M, the last 30 days’ average revenue annualized. The largest single payout was $30,350.61.
We do not treat revenue minus payouts as the company’s net profit.
Sources: Propr Transparency / official FAQ “Transparency”
You can wait for your best setups. No need to fill trading days.
There is no evaluation deadline and no minimum trading days. Even if profits concentrate on one day, you don’t need to trade more to dilute that share.
What you trade are “Perps,” futures-style products with no expiry. Besides crypto, it covers instruments referencing stocks, indices, commodities and FX. Buying GOLD does not mean receiving physical gold.
Crypto fees: Maker 0.015% / Taker 0.045%.
No markup of Propr’s own. Fees apply to both buying and selling.
Scroll the table sideways →
| Crypto Perps | One-way rate | $10,000 · one way | Round trip, same amount and type |
|---|---|---|---|
| Maker | 0.015% | $1.50 | $3.00 |
| Taker | 0.045% | $4.50 | $9.00 |
Maker is the side placing orders on the book; Taker takes orders already on the book. Even limit orders can be Taker if they fill immediately.
Example calculated at $10,000 for both opening and closing. GOLD, stocks, FX and others use the rates of the relevant HIP-3 markets. Funding while holding is also reflected in P&L.
If you’re used to LOTs, convert to instrument quantity first.
Don’t enter LOT sizes as they are; replace them with the contract quantity of the account you usually use.
Scroll the table sideways →
| Instrument | Quantity to compare | Relation to LOT |
|---|---|---|
| BTCUSD | 1 BTC | If your reference broker is 1 LOT = 1 BTC, this equals 1 LOT |
| GOLD | 100 troy ounces (oz) | If your reference broker is 1 LOT = 100 oz, this equals 1 LOT |
| HYPE | 100 HYPE | 100 units. No LOT conversion of its own |
On the order screen, use the USD field for “how many dollars’ worth” and the quantity field for “how many units” to order.
What is not restricted
- No minimum trading days or evaluation deadline.
- No consistency rule or profit cap.
- News trading and weekend holding OK.
- No obligation to set an SL.
- Scalping, swing trading and EAs / bots allowed.
- Supports copy trading, including between your own Propr accounts.
You must stay within the daily loss and maximum loss limits. Prohibited conduct is summarized at the end.
Sources: Propr official Rules / official FAQ “Trading Terminal” / Ponchai’s note
Choose among 4 plans by entry fee and loss limits.
100K is an account with a $100,000 initial balance. Look at the profit target, daily limit and how the maximum loss works alongside the entry fee.
Scroll the table sideways →
| Plan | Profit target | Daily loss | Max loss | 100K cost |
|---|---|---|---|---|
| Classic 1-Step | 10% | 3% | 6% · fixed | $999 |
| Turbo 1-Step | 9% | 3% | 3% · fixed | $450 |
| Pro 1-Step | 12% | 3% | 5% · fixed | $699 |
| Classic 2-Step | 5% → 10% | 5% | 8% · trailing | $749 |
To keep the entry fee down, compare Turbo; for a wider fixed loss limit, compare Classic 1-Step. Pro 1-Step costs in between, but its profit target is a high 12%. Choose not just on price but on limits that fit your usual stop losses and losing streaks.
Classic 1-Step
The loss line is fixedInitial 100K − 6% = $94,000. Even as profits grow, this line does not rise.
Classic 2-Step
The loss line follows upward tooIt follows the highest value including floating profit and stops at the initial balance. If gains reverse, the line gets closer.
Solid green line: equity / dashed brown line: loss line. The trailing line is a conceptual diagram of the mechanism, not a calculation of specific amounts.
The daily loss updates every day from the start-of-day balance, and floating P&L is included in the check. Reaching either the daily or the maximum loss line means failure.
Free trial, for reference
13.5% (1,064 / 7,862). Not included in the paid challenges above.
Sources: Propr official Rules / Propr Transparency
Request from your first Funded day. Receive 80% of profit in USDC.
There is no fixed payout date or waiting period. Once you complete KYC and meet the payout conditions, you can request from your first day on Funded.
- 01Lock in profitFunded account
Close all positions. Complete KYC before the first payout
- 02Request a payoutUsually within 24 hours
Request from the trading screen. Minimum payout $20
- 03Receive USDC80%
Receive your share of eligible profit and check the transfer record
Payouts cover the full profit. You cannot withdraw only part of it, and after a payout the account balance returns to the initial amount.
Sources: Propr official Rules / official FAQ “Payouts & Withdrawals”
How trading works, and the rules to keep in mind.
What you can check on-chain
The evaluation is a simulated account. On Funded accounts, Propr chooses A-book / B-book for each trade and shows the type on the trading screen.
- A-book:Matching trades are sent to Hyperliquid and recorded on-chain.
- B-book:Recorded and processed inside Propr.
You can also check the history of payout transfers. Using the public dashboard and per-trade records, you can follow the business and how trades are filled.
Prohibited conduct and account limits
Prohibited acts include cancelling out P&L with opposite trades between accounts or with external accounts, sharing or selling accounts, and exploiting delays or glitches. Re-buying evaluation accounts to repeatedly bet at maximum risk is also covered.
The combined limit for Funded accounts is 300K.
A prop firm for people who want to choose by looking at the operating numbers, and wait for their best setups without forcing more trades.
I would start by comparing the fixed-type 1STEP. Rather than deciding on the entry fee alone, I’d pick limits that can absorb my usual stop losses and losing streaks.
Sources: Propr official Rules / official FAQ “Transparency”
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