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RiseworksBy Alex Firdaus · Updated June 2026 · Data checked June 2026
PropShopTrader Review 2026: Stocks and Futures Prop Firm with a Real Path to Live Capital
Quick verdict: PropShopTrader is a multi-asset prop firm launched in 2025 that funds traders across both U.S. futures and U.S. equities on a single platform. The Benchmark-based evaluation replaces traditional pass/fail challenges with structured milestones that lead to a Real Prop Trading Account. It suits disciplined traders who can adapt to Tickblaze and want a long-term path to live capital rather than a quick sim payout cycle. As of June 2026, Sprint evaluation accounts start from $55 with code SPRINT.
Use code PSTGLAD for 75% off a single Light or Stocks account. Use SPRINT for 50% off Sprint evaluations. See the coupon section below for all active codes.
Table of Contents
What Is PropShopTrader?
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.
Account Types and Pricing
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)
| Account | Full Price | With PSTGLAD (75% off) | Trailing Drawdown | MAE Threshold | Benchmark Target | Daily Target | Max Position |
|---|---|---|---|---|---|---|---|
| Futures 25K — Intraday DD | $299 | ~$75 | $1,250 trailing | $625 | $500 | $100 | 2 minis / 20 micros |
| Futures 50K — Intraday DD | $499 | ~$125 | $2,500 trailing | $1,250 | $1,000 | $200 | 3 minis / 30 micros |
| Futures 25K — EOD DD | $349 | ~$87 | $1,125 EOD trailing | $625 | $500 | $100 | 2 minis / 20 micros |
| Futures 50K — EOD DD | $599 | ~$150 | $2,250 EOD trailing | $1,250 | $1,000 | $200 | 3 minis / 30 micros |
Futures Swing Accounts (Light)
| Account | Full Price | Trailing Drawdown | Weekly Benchmark Target | Max Currency E-mini Contracts | Max Index/Energy Micro Contracts |
|---|---|---|---|---|---|
| Swing 12.5K | $295 | $1,250 | $500 / week | 1 | 3 |
| Swing 25K | $595 | $2,500 | $1,000 / week | 2 | 6 |
Stocks Accounts (Intraday)
| Account | Full Price | With PSTGLAD (75% off) | Trailing Drawdown | Benchmark Target | Daily Target | Signing Bonus at Real Prop |
|---|---|---|---|---|---|---|
| Stocks 25K — Intraday DD | $229 | ~$57 | $1,250 | $325 | $65 | $3,000 |
| Stocks 50K — Intraday DD | $449 | ~$112 | $2,500 | $625 | $125 | $6,000 |
| Stocks 25K — EOD DD | $299 | ~$75 | $1,225 | $325 | $65 | $3,000 |
| Stocks 50K — EOD DD | $499 | ~$125 | $2,250 | $625 | $125 | $6,000 |
Sprint Evaluations (Launched June 2026)
| Account | Full Price | With SPRINT (50% off) | Drawdown Type | Notes |
|---|---|---|---|---|
| Sprint 25K | $110 | $55 | EOD trailing | 1-day-to-pass, 3-day payout cycle, futures day trading only, no activation fee |
| Sprint 50K | $170 | $85 | EOD trailing | 1-day-to-pass, 3-day payout cycle, futures day trading only, no activation fee |
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.
Drawdown and Risk Rules
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
| Rule | Evaluation Phase | Sim Payout Phase |
|---|---|---|
| Daily loss limit | None | None |
| Consistency rule | None | 50% cap applies |
| Minimum trading days | 1 day | 5 profitable days per benchmark |
| Time limit | None | None |
| News trading | Allowed | Allowed |
| Weekend holding | Restricted on intraday; allowed on Swing accounts | Same |
| Copy trading | Allowed | Allowed |
| Scalping | Allowed | Allowed |
| High-frequency trading | Allowed | Allowed |
| Algo / EA trading | Allowed via Tickblaze | Allowed via Tickblaze |
How the Benchmark System Works
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)
| Account | Benchmark Profit Target | Daily Target | Max Drawdown | 1st Benchmark Eligibility Threshold | MAE Threshold |
|---|---|---|---|---|---|
| 25K | $500 | $100 | $1,250 | $26,575 | $625 |
| 50K | $1,000 | $200 | $2,500 | $53,125 | $1,250 |
Stocks Benchmark Targets (Intraday)
| Account | Benchmark Profit Target | Daily Target | Profitable Days Required / Benchmark | Signing Bonus at Real Prop |
|---|---|---|---|---|
| 25K | $325 | $65 | 5 | $3,000 |
| 50K | $625 | $125 | 5 | $6,000 |
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.
Platform and Tradable Instruments
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
| Category | Examples | Commission (Round Trip) | Exchange |
|---|---|---|---|
| Equity index E-mini | ES, NQ, YM, RTY | $4.00 | CME / CBOT |
| Equity index Micro | MES, MNQ, MYM, M2K | $1.20 | CME / CBOT |
| Currency futures (full) | 6E, 6B, 6J, 6A, 6C, 6S, 6N | ~$4.44–$4.46 | CME |
| Currency futures (micro) | M6A, M6E | $0.98 | CME |
| Energy | CL, NG, QM, QG, MCL | $1.50–$4.46 | NYMEX |
| Metals | GC, HG, PL, PA, MGC, QO | $1.50–$4.44 | COMEX |
| Agricultural | ZC, ZS, ZW, HE, LE, GF, ZM, ZL | ~$5.44 | CME / CBOT |
| Equity index (Nikkei) | NKD | $5.96 | CME |
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.
Payouts and Profit Split
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)
| Account | Payout Benchmarks | Total Sim Payouts Available |
|---|---|---|
| 25K Light | Benchmarks 2 through 7 | Up to $3,000 |
| 50K Light | Benchmarks 2 through 7 | Up to $6,000 |
Payout Terms
| Item | Detail |
|---|---|
| Starting profit split | 90/10 on evaluation accounts. 100% on most direct accounts. |
| Real Prop split | 80/20 for both futures and stocks. No payout cap. |
| Maximum total allocation | $1,250,000 across all accounts |
| Payout frequency | Every 3 to 5 trading days depending on account type |
| Processing time | 1 to 2 business days after approval |
| Minimum withdrawal | $250 |
| Payout methods | Riseworks, Revolut |
| Stocks Signing Bonus | 50% on Real Prop signing, 50% across first two live payouts |
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.
PropShopTrader Discount Codes — June 2026
Up to 85% Off — Light and Stocks Accounts
Apply at checkout on any Gladiator Light or Stocks account (intraday and swing). New purchases only. Bundle savings increase with quantity.
Offer: 75% off a single account. 3 accounts: 80% off. 5 accounts: 85% off.
50% Off Sprint Evaluations
Applies to Sprint 25K ($55 after discount) and Sprint 50K ($85 after discount). Futures day trading only, EOD drawdown, 1-day-to-pass format, 3-day payout cycles. Sprint accounts are unlimited and excluded from the 20-account cap.
70% Off All Resets
Valid on resets across Sprint evaluations, Light, Stocks, and Forge accounts. 48-hour window after EOD failure. Max 10 resets per account. Standard reset only — no benchmark or drawdown preservation.
75% Off Direct Accounts — Crypto Payment
Valid on Direct Gladiator accounts (Stocks and Futures, intraday and swing) when paying with crypto. Not valid on resets or evaluations. Cannot be combined with other codes.
All active prop firm discount codes are listed in the FundedTrading discount hub.
Pros and Cons
Pros
- Stocks and futures under one program — rare among prop firms
- Day trading and swing trading both available on each asset class
- No daily loss limit in evaluation
- No consistency rule during the evaluation phase
- No time limit on the evaluation
- News trading, scalping, HFT, copy trading, and algo trading all allowed
- Exchange-derived pricing — no spread markups on futures commissions
- Free Tickblaze bundle included: platform, data, education, algos, indicators
- Automatic sim payouts from Benchmark 2 on futures accounts
- Real Prop path with 80/20 split and no payout cap
- Sprint evals from $55 after the SPRINT code
- Up to 20 simultaneous accounts, $1.25M maximum total allocation
- Built-in trade copier for multi-account management
- $5M+ in verified payouts, 525 Trustpilot reviews
Cons
- Web and mobile trading not yet live (desktop only as of June 2026)
- Benchmarks must accumulate per account — no pooling across accounts
- Stocks accounts receive no sim payouts during evaluation
- 50% consistency rule applies in the sim payout phase
- Intraday accounts require all positions closed by 4:45 PM EST
- Launched in 2025 — shorter track record than established firms
Best For / Avoid If
Is PropShopTrader Legit?
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.
Alternatives to PropShopTrader
If PropShopTrader is not the right fit, three alternatives are worth comparing. Use the FundedTrading comparison tool for a broader side-by-side view.
| Firm | Markets | Drawdown | Key difference vs PropShopTrader |
|---|---|---|---|
| Earn2Trade | Futures only | Static trailing | Longer track record, NinjaTrader and MT5 supported, no stocks coverage |
| My Funded Futures | Futures only | EOD trailing | DXtrade and Rithmic platform options, lower 50K entry price, no equities |
| The5ers | Forex, indices, metals, crypto | Static equity | MT5 platform, established since 2016, no futures contracts or U.S. equities |
Final Verdict
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.
Frequently Asked Questions
Is PropShopTrader legit?
Yes. PropShopTrader is operated by PropShopTrader OÜ, registered in Tartu, Estonia. The firm holds a 4.0 score on Trustpilot based on 525 reviews and reports over $5 million in sim payouts as of June 2026. It is not a licensed broker, which is standard for prop firms running simulated trading programs. Rules, pricing, and risk controls are all published on the firm's official website.
How does PropShopTrader pay out?
Futures accounts receive automatic sim payouts from Benchmark 2 onward. To request a withdrawal, traders must complete 5 qualifying profitable trading days where net PnL meets or exceeds the daily target. The minimum withdrawal is $250. Payouts are processed in 1 to 2 business days via Riseworks or Revolut. A 50% consistency rule applies during the sim payout phase. Real Prop accounts use an 80/20 split with no payout cap.
What is the PropShopTrader Benchmark system?
The Benchmark system replaces a traditional pass/fail evaluation. Traders accumulate Benchmarks by hitting a profit target and a daily target a required number of times on a single account, without breaching the drawdown or MAE rules. Futures Light accounts need 6 to 8 Benchmarks before a Real Prop Trading Account is issued. Benchmarks do not pool across multiple accounts — each account must accumulate its count independently.
What is the MAE rule at PropShopTrader?
MAE stands for Maximum Adverse Excursion. PropShopTrader sets the MAE threshold at 50% of the account's maximum drawdown. On a $25K intraday futures account, the limit is $625. Any single open trade that moves more than $625 against you at any point fails the account immediately, even if the trade recovers. This rule applies across all phases including sim payout.
How much does PropShopTrader cost?
As of June 2026, full-price evaluations range from $229 for a Stocks 25K intraday account to $599 for a Futures 50K EOD account. With code PSTGLAD, Light and Stocks accounts drop by 75%. Sprint evaluations cost $55 (25K) or $85 (50K) after the SPRINT code. There are no monthly fees and no activation fees on any account type.
Can I trade stocks and futures on the same PropShopTrader account?
No. Stocks and futures are separate account types with separate evaluation tracks. You can hold both simultaneously — up to 10 futures and 10 stocks accounts at the same time — but each account is limited to its own asset class. Maximum combined allocation across all accounts is $1,250,000.
Does PropShopTrader allow algo trading?
Yes. Algo and EA trading are supported through Tickblaze. The platform includes a built-in algo builder where traders can build, backtest, and deploy strategies without third-party tools. Twelve pre-built automated strategies covering MACD, RSI, VWAP, Stochastic, and others are included free with every account.
What is the PropShopTrader discount code?
As of June 2026, active codes are: PSTGLAD for 75% off a single Light or Stocks account (80% off 3 accounts, 85% off 5 accounts), SPRINT for 50% off Sprint evaluations, RESET70 for 70% off resets, and 75CRYPTO for 75% off Direct accounts when paying with crypto. Apply codes at checkout on the PropShopTrader pricing page. See all verified codes in the FundedTrading discount hub.
Start Your PropShopTrader Evaluation
Futures and stocks under one platform. No daily loss limit. No time limit. Sprint evals from $55 with code SPRINT.
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