Prop Number One Review

Prop Number One offers a straightforward platform for traders to access funded accounts with up to $300,000 in virtual capital. A standout feature is the firm’s offer to pay traders a monthly salary of up to $3,000 after 60 days of trading, making it appealing for those looking for consistent income in addition to trading profits. The firm also allows traders to retain 100% of their profits, which is rare among proprietary trading firms.

Prop Number One partners with tier-1 liquidity providers, ensuring competitive market conditions. It imposes no restrictions on trading during news events or over weekends, offering flexibility for various strategies. Fast payouts processed within 24 hours and a focus on transparency make this firm a practical choice for traders seeking reliability and ease of use.

While the monthly salary and 100% profit share are attractive, traders should carefully review the firm’s evaluation process and rules to ensure compatibility with their trading style. Overall, Prop Number One provides a compelling option for traders who value flexibility, prompt payments, and the potential for steady income.

About Prop Number One

Prop Number One, legally registered as Edu Technologies – FZCO, is a Dubai-based proprietary trading firm established on June 10, 2024. Under the leadership of CEO Luca Cerullo, the firm provides traders with access to up to $300,000 in virtual trading capital. Traders can retain 100% of their profits and earn a monthly salary of up to $3,000 after completing 60 days of trading.

The firm emphasizes flexibility and transparency, allowing strategies to be implemented without restrictions during news events or over weekends. Partnering with tier-1 liquidity providers, Prop Number One creates a realistic trading environment for evaluations. With offices in the USA, UK, Singapore, and UAE, the firm supports a global network of traders and offers resources aimed at fostering trading success.

Prop Number One’s combination of high profit retention, a monthly salary, and unrestricted trading conditions makes it a noteworthy option. However, traders should review its evaluation process and terms to confirm they align with their individual trading approaches.

Funding Program Options

Prop Number One offers a two-step evaluation program aimed at assessing traders’ skills and granting access to virtual trading capital. The program is designed to accommodate traders at different experience levels, with clear objectives and no time restrictions to complete the evaluations.

Step 1: Junior Trader

In the first phase, traders must achieve a 5% profit target while adhering to a 10% overall loss limit and a 5% daily loss limit. With no deadlines and only one trading day required, this step provides flexibility for traders to demonstrate their abilities without added pressure.

Step 2: Senior Trader

The second phase sets an 8% profit target and tighter risk limits, including an 8% overall loss limit and a 4% daily loss limit. A minimum of three trading days is required, encouraging consistent performance and disciplined trading to move forward.

Top Trader Status

Upon completing both steps, traders earn “Top Trader” status and receive a funded account with no profit targets or time restrictions. Prop Number One allows traders to keep 100% of their profits, with payouts processed within 24 hours. Additionally, traders become eligible for a monthly salary of up to $3,000 after 60 days of trading.

Account sizes range from $7,000 to $300,000, and evaluation fees are refunded for traders who pass both phases. The program’s flexibility and rewarding structure make it a strong option for traders looking to prove their skills and access meaningful trading capital. However, traders should carefully review the risk management requirements to ensure compatibility with their strategies.

Fees

Prop Number One offers a clear and straightforward fee structure for its two-step evaluation program, with fees varying by account size. These one-time fees are fully refundable upon successful completion of the evaluation, providing traders with an added incentive to meet their goals.

Fee Structure

• $7,000 Account: $47
• $17,000 Account: $147
• $27,000 Account: $197
• $50,000 Account: $297
• $100,000 Account: $527
• $200,000 Account: $997
• $300,000 Account: $1,447

The fees grant access to the evaluation without recurring charges, keeping the cost structure transparent. The refund policy for successful traders reflects the firm’s commitment to fairness and supporting participants in achieving funded status. This pricing model is straightforward and could appeal to traders looking for an affordable way to access larger trading accounts.

Tradable Assets

Prop Number One provides traders with a diverse range of tradable assets, allowing for flexibility and the ability to implement various trading strategies. These assets ensure traders can capitalize on opportunities across multiple markets and conditions.

• Forex: Access to a wide variety of currency pairs, including major, minor, and exotic pairs, catering to traders with different preferences and risk appetites.
• Indices: Trade global indices such as the S&P 500, NASDAQ, and FTSE 100, offering exposure to broader market trends and economic events.
• Commodities: Popular commodities like gold, silver, crude oil, and natural gas provide diversification opportunities for traders.

Prop Number One ensures seamless access to these assets through advanced trading platforms, delivering a realistic trading experience. This comprehensive range of tradable instruments makes the firm suitable for traders aiming to diversify their strategies and maximize potential returns.

Restrictions

Prop Number One enforces specific restrictions to maintain a fair and secure trading environment. These guidelines ensure ethical practices and provide all traders with an equal opportunity to succeed.

Country Restrictions

Prop Number One does not accept traders from certain regions, including Afghanistan, Belarus, Central African Republic, Congo, Cuba, Iran, North Korea, Russia, Syria, Venezuela, and other OFAC-sanctioned countries. Traders from eligible countries are welcome to participate, subject to compliance with local regulations.

Risk Management Rules

To ensure disciplined trading, Prop Number One requires adherence to strict risk parameters during the evaluation process:

• Daily Loss Limit: 5% in Step 1 and 4% in Step 2.
• Overall Loss Limit: 10% in Step 1 and 8% in Step 2.

Failure to comply with these limits results in disqualification from the evaluation.

Prohibited Trading Strategies

To uphold the integrity of its platform, Prop Number One prohibits the following strategies:

• Latency Arbitrage: Exploiting price discrepancies between systems.
• High-Frequency Trading (HFT): Excessively rapid trades to manipulate market conditions.
• Martingale Trading: Doubling positions to recover losses.
• Account Sharing: Using or allowing others to trade on your account.
• Hedging Across Accounts: Placing offsetting trades between multiple accounts.

News and Weekend Trading

Unlike many firms, Prop Number One allows trading during news events and over weekends, providing greater flexibility for traders to execute their strategies without restrictions.

Challenge

Prop Number One offers a two-step evaluation program aimed at assessing traders’ skills and providing access to funded accounts. The structure focuses on clear objectives and risk management to help traders demonstrate their capabilities effectively.

Step 1: Junior Trader

Traders must achieve a 5% profit target while adhering to these risk limits:

• Daily Loss Limit: 5%
• Overall Loss Limit: 10%
• Minimum Trading Days: 1
• Time Limit: None

This phase allows traders to progress at their own pace, removing the pressure of deadlines and enabling them to focus on meeting the target.

Step 2: Senior Trader

The second phase raises the bar with stricter targets and limits:

• Profit Target: 8%
• Daily Loss Limit: 4%
• Overall Loss Limit: 8%
• Minimum Trading Days: 3
• Time Limit: None

This step emphasizes consistency and risk discipline, preparing traders for the responsibilities of managing funded capital.

Top Trader Status

Once both steps are completed, traders earn “Top Trader” status and gain access to funded accounts with these benefits:

• No Profit Targets: Freedom to trade without additional objectives.
• 100% Profit Payouts: Withdraw all profits within 24 hours.
• Monthly Salary: Earn up to $3,000 after 60 days of active trading.

Accounts range from $7,000 to $300,000, with evaluation fees fully refunded upon passing the challenge. Prop Number One’s program provides a transparent and practical route for traders to prove their skills and access significant capital, rewarding success with flexible trading conditions and attractive financial incentives.

Conclusion

Prop Number One offers a proprietary trading platform that emphasizes transparency, flexibility, and financial incentives. With a two-step evaluation program, traders can access up to $300,000 in virtual capital, unlimited trading time, and straightforward requirements. The firm’s standout features include 100% profit payouts and a monthly salary of up to $3,000 after 60 days, making it appealing to a range of traders.

The absence of restrictions during news events or weekends allows for more strategic freedom, and support for trading diverse assets like Forex, indices, and commodities broadens opportunities. A fee refund for traders who pass the evaluation adds another layer of fairness, reinforcing the platform’s trader-friendly approach.

Key Features:

• Transparent Evaluation: A two-step process with no time constraints.
• 100% Profit Payouts: Receive earnings within 24 hours.
• Monthly Salary: Earn up to $3,000 after 60 days of trading.
• Diverse Tradable Assets: Includes Forex, indices, and commodities.
• No Trading Restrictions: Freedom to trade during news and over weekends.

Considerations:

• Prohibited Strategies: Practices like latency arbitrage and high-frequency trading are banned.
• Risk Management: Daily and overall loss limits are strictly enforced.
• Eligibility Restrictions: Traders from OFAC-sanctioned countries cannot participate.

Prop Number One combines financial incentives with trader-friendly features, making it a solid option for those seeking capital and flexibility. However, traders should carefully review the rules and restrictions to ensure the platform aligns with their trading style and objectives.