Propel Capital Review and Analysis
Overview
The firm is built around a two-step evaluation process, but what makes Propel Capital Group stand out is the level of realism it injects into its funding programs. Trades are executed with realistic slippage and raw spreads through its broker partner Taurex, meaning that what traders experience in evaluation is exactly what they’ll encounter in a funded account — a transparency that many firms gloss over. This fidelity to live-market conditions, combined with straightforward rules and a consistent profit split (with no scaling complications), makes Propel an appealing option for traders who prioritize execution quality and a clean trading environment over high-risk leverage or flashy marketing features.
Funded Accounts
How to Sign Up with Propel Capital
To get started with Propel Capital, follow these steps:
- Visit the Propel Capital website and choose an evaluation challenge 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, and Cryptocurrencies—and pay the challenge 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.
Once both phases are successfully passed, traders are awarded a funded account equivalent to their chosen evaluation size. The payout structure is refreshingly straightforward: an 80% profit split across the board, with payouts available every 14 days. There’s no gradual profit split increase, no scaling rules to unlock better terms — what you see is what you get. Traders appreciate this simplicity because it removes guesswork and lets them focus purely on performance.
Trading is conducted on the cTrader platform, which supports advanced order execution and in-depth analytics. Combined with Taurex's ultra-low latency and raw-spread execution environment, traders are given an institutional-grade setup to test and scale their strategies.
Challenge Overview
Propel Capital offers two main evaluation challenges:
Standard Challenge
- Phase 1 Profit Target: 8%
- Phase 2 Profit Target: 5%
- Max Daily Loss: 4%
- Max Total Drawdown: 8%
- Leverage: Varies by asset class (e.g., Forex: 1:70; Metals: 1:30; Indices: 1:20; Oil: 1:10)
- Account Sizes: $5,000 to $100,000
Reversal Challenge
- Phase 1 Profit Target: 5%
- Phase 2 Profit Target: 8%
- Max Daily Loss: 4%
- Max Total Drawdown: 8%
- Leverage: Varies by asset class (e.g., Forex: 1:70; Metals: 1:30; Indices: 1:20; Oil: 1:10)
- Account Sizes: $5,000 to $100,000
Each evaluation challenge 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.
Propel's evaluation process is split into two clear and concise phases. In Phase 1, traders must reach an 8% profit target while adhering to a maximum daily drawdown of 4% and an overall drawdown limit of 8%. There is no maximum time restriction to meet this target, but traders are expected to show at least three profitable trading days — a soft requirement that encourages consistent effort without being overly restrictive.
Phase 2 brings the profit target down to 5% while maintaining the same drawdown parameters. Again, traders must meet a three-day trading minimum. The lack of time pressure is a key advantage here, giving traders space to focus on quality rather than being forced into unnecessary trades just to meet a deadline.
Notably, the firm doesn’t allow news trading during high-impact events (15 minutes before and after), and strategies like arbitrage, latency trading, or reverse copying other traders on the same platform are strictly forbidden. However, conventional scalping and swing trading approaches are permitted, and EAs are allowed if they comply with the trading guidelines.
Propel Capital Challenges
| Challenge | Price | Account Size | Steps | Profit target | Profit Split | Max Daily Loss |
|---|
| Propel Pro 10K | $24.8 | $10K | 2 | 8% / 5% | 80% | 4% |
| 5K Reversal Plan | $29.6 | $5K | 2 | 5% / 8% | 80% | 4% |
| Propel Pro 5K | $29.6 | $5K | 2 | 8% / 5% | 80% | 4% |
| 10K Reversal Plan | $40 | $10K | 2 | 5% / 8% | 80% | 4% |
| Propel Pro 10K | $40 | $10K | 2 | 8% / 5% | 80% | 4% |
| 20K Reversal Plan | $80 | $20K | 2 | 5% / 8% | 80% | 4% |
| Propel Pro 20K | $80 | $20K | 2 | 8% / 5% | 80% | 4% |
| 50K Reversal Plan | $180 | $50K | 2 | 5% / 8% | 80% | 4% |
| Propel Pro 50K | $180 | $50K | 2 | 8% / 5% | 80% | 4% |
| 100K Reversal Plan | $349.6 | $100K | 2 | 5% / 8% | 80% | 4% |
| Propel Pro 100K | $349.6 | $100K | 2 | 8% / 5% | 80% | 4% |
Pros and Cons
Pros:
- 80% profit split
- Multiple evaluation challenges and account sizes
- Support for Expert Advisors (EAs)
- News trading allowed during the challenge phase
- 24/7 customer support
- Balance scaling up to $2 million
Cons:
- Evaluation fees are non-refundable
- Limited to Forex, Commodities, and Indices
- 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 challenge fees, varying by account size and evaluation challenge
- Payout scheme: 80% profit split, with bi-weekly payouts
Meet the CEO
Specific information about the founders or executive team of Propel Capital is not publicly disclosed.
Frequently Asked Questions (FAQs):
What asset types can I trade with Propel Capital?
Forex, Commodities, and Indices.
Are Expert Advisors (EAs) allowed?
Is news trading allowed?
Yes, news trading is allowed during the challenge phase; however, in the funded phase, trades must be opened or closed at least 5 minutes before or after the news event.
Is copy trading permitted?
Yes, copy trading between Propel accounts is permitted, but copying from other groups or traders is prohibited and classified as Group Trading.
Is the evaluation fee refundable?
No, evaluation fees are non-refundable.
What payment methods are accepted?
Propel Capital accepts Credit Cards, Debit Cards, and Cryptocurrencies.
What is the maximum account size available?
$100,000 is the largest funded account currently offered.
Does Propel Capital offer a scaling plan?
Yes, traders can scale their accounts up to $2 million based on performance.
How often are payouts processed?
Payouts are processed on a bi-weekly basis.
Does Propel Capital allow weekend holding?
Yes, traders may hold positions overnight and over the weekend.
How trusted is Propel Capital?
The trusted source of information on fintech matters SBO, gave Propel Capital a 3/ 5.00 rating based on analysing 20+ criteria and testing. Propel Capital is currently in 0th place in this ranking.
What is the Propel Capital fee?
Fees vary by account size and challenge type.
Does Propel Capital offer coupons for customers?
Yes, currently, there is one Propel Capital discount coupon APRIL20 available for customers.
How can I find Propel Capital discount coupons and promo codes?
What is the profit split for Propel Capital?
What is Propel Capital evaluation process?
Offers 1-Step and 2-Step evaluations.
How do I become an Propel Capital Trader?
What is an acceptable max drawdown for Propel Capital?
5% daily / 10% total Maximum Drawdown is the Distance between the highest and lowest points (maximum and minimum peak).
What is Propel Capital Trading Duration / Time restriction?
What is Propel Capital leverage?
What financial instruments can be traded at Propel Capital?
Forex, Crypto, Indices, Stocks
Can I trade news at Propel Capital?
Can I hold trades overnight or over the weekend?
