PropShopTrader is a proprietary trading firm registered as PropShopTrader OÜ in Tartu, Estonia. It launched in 2025 and funds traders across U.S. futures and U.S. equities under one program called the Gladiator evaluation. The firm’s stated goal is to move disciplined traders from a simulated environment into a Real Prop Trading Account, where trades are placed on live markets.

What separates PropShopTrader from most prop firms is the combination of assets it covers. Stocks and futures under one roof, with both intraday and swing trading options on each, is rare. Most futures firms do not touch equities at all. PropShopTrader covers indices, metals, energies, currencies, and agricultural futures on CME, CBOT, NYMEX, and COMEX, plus around 100 U.S. equities including major names like AAPL, NVDA, and TSLA.

The program runs entirely on Tickblaze, a platform built for futures and equities execution. There is no MT4, MT5, or NinjaTrader option. If you are coming from one of those platforms, expect a learning period. If you are open to a new platform, Tickblaze includes institutional charting, a built-in algo builder, 12 pre-built automated strategies, and a trade copier for managing multiple accounts simultaneously.

As of June 2026, PropShopTrader reports more than $5 million in sim payouts delivered and over 12,000 traders across 123 countries. The firm holds a 4.0 score on Trustpilot based on 525 reviews. See the full prop firm directory to compare it against other funded trading programs.

PropShopTrader offers two main evaluation lines — Light and Forge — plus Sprint evaluations launched in June 2026. Light accounts have a more forgiving MAE threshold. Forge accounts apply a stricter MAE rule and are priced lower. Sprint evaluations are a fast 1-day-to-pass entry point for futures day traders.

All accounts include a free Tickblaze license (retail value $198), real-time market data ($55 value), 120+ educational courses, 12 pre-built algo strategies, 11 premium indicators, and a $500 Tickblaze marketplace credit.

Futures Intraday Accounts (Light)

Futures Swing Accounts (Light)

Stocks Accounts (Intraday)

Sprint Evaluations (Launched June 2026)

Challenge fees are not refundable. There are no monthly subscription fees and no activation fees. Resets are available on all account types — use code RESET70 for 70% off, subject to a 48-hour window after EOD failure and a maximum of 10 resets per account.

PropShopTrader uses a trailing drawdown model. You choose between intraday trailing drawdown, which adjusts in real time as your equity rises, or EOD trailing drawdown, which adjusts once per day at close based on your end-of-day balance. EOD drawdown is the more forgiving option because an intraday equity dip that recovers by close does not shrink your floor. Learn more about how these rules compare in the prop firm drawdown guide.

Intraday vs EOD Trailing Drawdown

MAE Rule

PropShopTrader applies a Maximum Adverse Excursion (MAE) threshold as a per-trade risk check. The MAE limit is 50% of the account’s maximum drawdown. On a $25K intraday futures account that is $625. Any single open trade that moves more than $625 against you fails the account immediately, regardless of whether the trade eventually recovers. This applies in all phases — evaluation and sim payout. Commission and spread costs count toward your trailing drawdown in real time, which affects high-frequency traders on micro contracts more than swing traders.

Full Rule Set

PropShopTrader replaces the standard pass/fail challenge with a Benchmark progression. Instead of hitting one profit target and getting funded, traders accumulate Benchmarks — structured milestones that each require hitting a profit target and a daily target a required number of times on the same account, without breaching the drawdown or MAE rules at any point.

Futures Light accounts require 6 to 8 Benchmarks on a single account before the firm issues a Real Prop Trading Account. Benchmarks do not carry across accounts. Each account must accumulate its required count independently. This is the most common point of frustration for traders running multiple accounts expecting to combine progress.

Futures Benchmark Targets (Light — Intraday Drawdown)

Stocks Benchmark Targets (Intraday)

Futures accounts receive automatic sim payouts from Benchmark 2 through Benchmark 7. The 25K account pays out up to $3,000 total across those benchmarks. The 50K pays up to $6,000. Stocks accounts do not receive sim payouts during evaluation. Instead, the Signing Bonus is paid at Real Prop transition: 50% on signing and 50% split across the first two live payouts.

All PropShopTrader accounts run on Tickblaze. There is no MT4, MT5, cTrader, DXtrade, or NinjaTrader option. Tickblaze handles charting, order execution, algo strategy deployment, and multi-account management via the built-in Ignite trade copier. The platform runs on desktop. Web and mobile clients are listed as in development as of June 2026.

Futures Instruments and Commissions

Pricing follows an exchange-derived model with no artificial spread markups. Commissions reflect live market conditions and apply identically during evaluation and sim payout phases. Commission costs count against the trailing drawdown in real time — a factor that matters more for scalpers trading micro contracts at high frequency than for swing traders holding fewer positions.

Stocks

Stocks accounts access approximately 100 U.S. equities including AAPL, MSFT, NVDA, TSLA, AMZN, META, JPM, and others on the ETB (Easy To Borrow) list. Commission is $0.003 per share per side, $0.006 round trip. Trading hours run Monday to Friday from 4:00 AM to 4:00 PM ET. ETB stocks can be traded long and short. Non-ETB stocks are long only. Additional stocks beyond the ETB list are accessible from the trading terminal directly.

PropShopTrader runs two payout tracks. Futures accounts receive automatic sim payouts from Benchmark 2 onward during evaluation. Stocks accounts do not receive sim payouts during evaluation but receive a Signing Bonus when transitioning to the Real Prop Trading Account. Both converge at an 80/20 split in Real Prop with no payout cap.

Sim Payout Summary (Futures)

Payout Terms

To qualify for a payout, traders must complete 5 profitable trading days where net PnL meets or exceeds the daily target on each day. Payout requests go through a risk and compliance review. A 50% consistency rule applies in the sim payout phase — no single day’s profit can exceed 50% of the total profit used to qualify for that payout. This does not apply in the initial evaluation phase.

See the PropShopTrader payout page for current terms.

All active prop firm discount codes are listed in the FundedTrading discount hub.

PropShopTrader is a legitimate prop trading firm. It is registered as PropShopTrader OÜ at Võru tn 254, Tartu linn, 5011, Estonia. The firm is not a broker and does not hold a financial license, which is standard for prop firms that operate simulated environments. There is no regulatory requirement for this model.

The firm reports $5 million in sim payouts delivered since launching in 2025. It holds a 4.0 score on Trustpilot based on 525 reviews as of June 2026. Reviews consistently reference specific interactions with named support staff, payout approvals, and the Benchmark system — which indicates they come from active participants. Trader community feedback raises the Tickblaze learning curve and the strictness of the MAE rule as friction points, but these are rule enforcement issues rather than fraud indicators.

Rules, pricing, and risk controls are all published on the official site. See the guide to verifying a prop firm’s legitimacy for a general framework to apply to any firm you are evaluating.

If PropShopTrader is not the right fit, three alternatives are worth comparing. Use the FundedTrading comparison tool for a broader side-by-side view.

PropShopTrader is a well-built option for futures and equities traders who want a single platform, structured progression, and a genuine path to live capital. The combination of stocks and futures in one program, no daily loss limit in evaluation, no time pressure, and a free Tickblaze bundle gives traders real room to work without the common friction points found at other firms.

The MAE rule and the Tickblaze-only requirement are the two points that will push some traders toward alternatives. If you trade with wide stops or rely on a platform you already know, the adjustment is real. But if you can work within the ecosystem, the Benchmark path to a Real Prop Trading Account is one of the more structured long-term options available in the current prop market.

As of June 2026, Sprint evaluations at $55 after the SPRINT code lower the barrier enough that trialling the platform before committing to a full Gladiator account is a practical approach. Browse the full prop firm directory to compare PropShopTrader against other funded programs before deciding.