PROP365 Review and Analysis
Overview
PROP365 aims to be more than just a prop firm; it serves as a launchpad for trading success. Founded by a team of dedicated professionals, the firm's core mission is to empower individuals to achieve financial freedom through trading. PROP365 bridges the gap between ambition and opportunity by providing comprehensive support and cutting-edge tools traders need to thrive. The firm emphasizes a people-first approach, aligning its success with that of its traders through a performance-driven partnership.
Funded Accounts
How to Sign Up with PROP365
To get started with PROP365, follow these steps:
-
Visit the PROP365 website and choose an evaluation program that aligns with your trading objectives.
- Register an account by providing your personal details.
- Select your preferred payment method—options include Credit Card, Debit Card, Cryptocurrencies, and PayPal—and pay the evaluation fee.
- Upon payment confirmation, you'll receive access to a demo account to complete the chosen evaluation.
- Successfully passing the evaluation grants you access to a funded account, where you can trade and earn profits based on the firm's profit-sharing model.
Challenge Overview
PROP365 offers two main evaluation programs:
1-Step Challenge
- Profit Target: 10%
- Max Daily Loss: 4%
- Max Total Drawdown: 10%
- Leverage: Varies by asset class (e.g., Forex instruments: 1:100; Commodities and indices: 1:30; Cryptos and stocks: 1:2)
- Account Sizes: $5,000 to $100,000
2-Step Challenge
- Phase 1 Profit Target: 8%
- Phase 2 Profit Target: 5%
- Max Daily Loss: 5%
- Max Total Drawdown: 10%
- Leverage: Varies by asset class (e.g., Forex instruments: 1:100; Commodities and indices: 1:30; Cryptos and stocks: 1:2)
- Account Sizes: $5,000 to $100,000
Each evaluation program is designed to assess a trader's ability to manage risk and achieve consistent profitability. Successful traders can access funded accounts and participate in the firm's profit-sharing model.
PROP365 Challenges
| Challenge | Price | Account Size | Steps | Profit target | Profit Split | Max Daily Loss |
|---|
| $5K 2-Step Challenge | $26.1 | $5K | 2 | 8% / 5% | | |
| $5K 2-Step Max Challenge | $37.7 | $5K | 2 | 7% / 5% | | |
| $10K 2-Step Challenge | $51.62 | $10K | 2 | 8% / 5% | | |
| $10K 2-Step Max Challenge | $69.6 | $10K | 2 | 7% / 5% | | |
| $25K 2-Step Challenge | $103.82 | $5K | 2 | 8% / 5% | | |
| $25K 2-Step Max Challenge | $139.78 | $5K | 2 | 7% / 5% | | |
| $50K 2-Step Challenge | $161.82 | $50K | 2 | 8% / 5% | | |
| $50K 2-Step Max Challenge | $218.08 | $50K | 2 | 7% / 5% | | |
| $100K 2-Step Challenge | $299.28 | $100K | 2 | 8% / 5% | | |
| $100K 2-Step Max Challenge | $403.68 | $100K | 2 | 7% / 5% | | |
| $5K 1-Step Challenge | $33.64 | $5K | 1 | 10% | | |
| $10K 1-Step Challenge | $62.06 | $10K | 1 | 10% | | |
| $25K 1-Step Challenge | $118.32 | $5K | 1 | 10% | | |
| $50K 1-Step Challenge | $178.06 | $50K | 1 | 10% | | |
| $100K 1-Step Challenge | $327.12 | $100K | 1 | 10% | | |
Pros and Cons
Pros:
- 80% profit split
- Multiple evaluation programs and account sizes
- News trading allowed
- 24/7 customer support
- Evaluation fee refunded with the first payout
Cons:
- Expert Advisors (EAs) are not permitted
- Copy trading is not permitted
- No balance scaling options
- Relatively new firm with limited historical data
Evaluation Metrics
Overall metrics
- Challenge difficulty: Moderate – achievable profit targets with defined drawdown limits
- Customer support: Available 24/7 via email and live chat
- Fee: Competitive evaluation fees, varying by account size and evaluation program
- Payout scheme: 80% profit split, with bi-weekly payouts
Meet the CEO
PROP365 was founded by a team of dedicated professionals committed to empowering individuals to achieve financial freedom through trading. Specific information about the founders or executive team is not publicly disclosed.
Frequently Asked Questions (FAQs):
What asset types can I trade with PROP365?
Forex, Commodities, Indices, Cryptocurrencies, and Stocks.
Are Expert Advisors (EAs) allowed?
No, EAs are not permitted.
Is news trading allowed?
Yes, news trading is allowed.
Is copy trading permitted?
No, copy trading is not permitted.
Is the evaluation fee refundable?
Yes, the evaluation fee is refunded with the first payout.
Can I scale my funded account over time?
No, PROP365 does not currently offer a balance scaling plan.
What payment methods are accepted?
PROP365 accepts Credit Cards, Debit Cards, PayPal, and Cryptocurrencies.
What is the maximum account size?
$100,000 is the largest funded account currently offered.
How frequently are payouts processed?
Payouts are processed bi-weekly.
What support channels are available?
24/7 support via live chat and email.
How trusted is PROP365?
The trusted source of information on fintech matters SBO, gave PROP365 a 3/ 5.00 rating based on analysing 20+ criteria and testing. PROP365 is currently in 0th place in this ranking.
What is the PROP365 fee?
Fees vary by account size and challenge type.
Does PROP365 offer coupons for customers?
Yes, currently, there is one PROP365 discount coupon TL42 available for customers.
How can I find PROP365 discount coupons and promo codes?
What is the profit split for PROP365?
What is PROP365 evaluation process?
Offers 1-Step and 2-Step evaluations.
How do I become an PROP365 Trader?
What is an acceptable max drawdown for PROP365?
5% daily / 10% total Maximum Drawdown is the Distance between the highest and lowest points (maximum and minimum peak).
What is PROP365 Trading Duration / Time restriction?
What is PROP365 leverage?
What financial instruments can be traded at PROP365?
Forex, Crypto, Indices, Stocks
Can I trade news at PROP365?
Can I hold trades overnight or over the weekend?
