The Prop Trading

The Prop Trading is an Australian proprietary trading firm founded in February 2020, with headquarters in Brisbane. They offer clients the opportunity to trade with up to $500,000 capital per account, with the option to scale further through a partnership with The Brokers Capital. Their address is Suite No. 1171, 17 Gould Road, Herston, 4006 QLD, Australia.

The Prop Trading offers its traders the following evaluation program accounts to choose from:

• The Prop Trading evaluation program account is designed for consistent, disciplined traders, who are rewarded for their performance during the two-phase evaluation period. This account allows trading with 1:100 leverage.
• Evaluation phase one requires traders to reach a profit target of 8% while staying within the 5% maximum daily loss and 10% maximum loss limits. This target must be met within 30 calendar days of placing the first trade on the evaluation account. There is no minimum trading requirement to move to phase two.
• Evaluation phase two requires traders to reach a profit target of 5% while staying within the 5% maximum daily loss and 10% maximum loss limits. This target must be met within 60 calendar days of placing the first trade on the evaluation account. There is no minimum trading requirement to move to a funded account.
• Upon completing both evaluation phases, traders are awarded a funded account with no profit targets. They are only required to follow the 5% maximum daily loss and 10% maximum loss limits. The first payout is 30 calendar days after the first trade on the funded account, during which time a minimum of 10 calendar days of trading is required. After the first payout, payouts become bi-weekly with a minimum of 5 calendar days of trading required. The profit split is 80% based on the profit made on the funded account.

The Prop Trading firm is unique among other prop firms in that it does not regulate traders' styles. This means that traders are free to trade during news releases, hold positions overnight, and trade on weekends. The firm's evaluation program is also distinctive, consisting of two phases. To be eligible for payouts, traders must complete both phases. The profit target for phase one is 8%, and the target for phase two is 5%. In addition, there are rules limiting daily losses to 5% and overall losses to 10%. Unlike other prop firms, there is no minimum number of trading days required to complete the evaluation program. The firm also has a scaling plan in place. Overall, the Prop Trading firm has low profit targets and a more flexible approach than other industry-leading prop firms.

The Funded Trader was established on May 12, 2021. After receiving funding, traders are entitled to receive bi-weekly payouts without any minimum profit requirements.

The Prop Trading employs The Broker's Capital as their broker and is headquartered in Saint Vincent and the Grenadines. They have dedicated themselves to establishing a stable operating environment and providing exceptional customer service. Their extensive history has allowed them to assemble a knowledgeable and successful team.

The Prop Trading has a FAQ page that might provide the information you are looking for. If you still have questions, you can contact their support team on social media or by email at support@theproptrading.com.au. Their live chat support is available from 9 AM to 5 PM AEST, Monday through Friday, except on public holidays. You can also reach them by telephone at +61 1300 984 019.

In summary, The Prop Trading is a legitimate proprietary trading firm that offers traders a choice of evaluation program account sizes. These programs are an industry-standard two-phase evaluation challenge that requires traders to meet certain profit targets before becoming funded and eligible for profit splits. The Prop Trading requires traders to achieve profit targets of 8% in phase one and 5% in phase two, which are realistic goals considering the firm's 5% daily loss limit and 10% maximum loss rule. With evaluation programs, traders can earn 80% profit splits and have the opportunity to grow their accounts. I would recommend The Prop Trading to anyone looking for a prop firm with clear trading rules. They offer great conditions for a wide range of traders with diverse styles. Overall, The Prop Trading is one of the better proprietary trading firms in the industry.