Based on looking at the website, Propnumberone.com appears to be a prop trading firm offering traders the opportunity to manage virtual capital and earn a share of the profits.
The core model revolves around a two-phase evaluation process, termed “challenges,” designed to assess a trader’s skill and risk management before granting access to a “funded” virtual account.
While the premise of trading without risking personal capital is appealing, it’s crucial for prospective users to understand the intricate rules, fees, and the virtual nature of the capital involved.
This review will delve into the mechanisms, potential benefits, and critical considerations for anyone looking into Propnumberone.com.
Find detailed reviews on Trustpilot, Reddit, and BBB.org.
IMPORTANT: We have not personally tested this company’s services. This review is based solely on information provided by the company on their website. For independent, verified user experiences, please refer to trusted sources such as Trustpilot, Reddit, and BBB.org.
Understanding the Prop Number One Model: Challenges and Funding
Propnumberone.com operates on a challenge-based model, a common structure in the prop trading industry. This isn’t a direct investment platform where you deposit your own money for trading. Instead, you pay an entry fee to undertake a simulated trading challenge. If you successfully navigate these challenges by hitting profit targets while adhering to strict drawdown limits, you gain access to a virtual funded account. The website emphasizes that this is virtual capital, and profits are generated by Prop Number One copying your successful trades onto their internal, real accounts. This distinction is paramount and often misunderstood by new traders.
The Junior Trader Challenge: Phase One
The initial hurdle on Propnumberone.com is the “Junior Trader” challenge.
This phase is designed to assess a trader’s basic ability to generate profit while managing risk.
- Profit Target: Traders must achieve a 5% profit on the initial virtual balance. For example, if you opt for a $100,000 challenge, your target is $5,000. This profit must be from closed positions.
- Daily Max Loss: A critical rule to prevent excessive daily losses. This is set at 5% of the initial balance. If your total losses closed and open positions exceed this threshold in a single trading day resetting at 00:00 GMT+3, the challenge is failed.
- Overall Loss: This is the “Account Stop Loss,” limiting the total drawdown throughout the challenge. For the Junior Trader phase, it’s set at 10% of the initial balance. If your account equity falls below this, you fail.
- Minimum Trading Days: You need to trade for at least 1 non-consecutive day, meaning at least one position must be opened on that day.
- Time Limit: Propnumberone.com proudly states an unlimited time limit for this phase, aiming to reduce pressure on traders. However, there’s a crucial caveat: a maximum period of 30 days of inactivity is allowed before the account is considered failed.
The Senior Trader Challenge: Phase Two
Once you conquer the Junior Trader phase, you advance to the “Senior Trader” challenge, which ups the ante in terms of required performance and risk management.
- Profit Target: The target increases to 8% profit on the initial virtual balance. For a $100,000 account, this would be $8,000. An alternative for aggressive traders is a 10% profit target with adjusted drawdown limits.
- Daily Max Loss: The daily drawdown tightens to 4% of the initial balance. Again, exceeding this limit results in challenge failure. Aggressive traders can opt for a 5% daily drawdown with the 10% profit target.
- Overall Loss: The overall drawdown limit is set at 8% of the initial balance. For the aggressive option, this moves to 10%.
- Minimum Trading Days: You must trade for at least 5 non-consecutive days. Additionally, there’s a nuanced rule: a minimum profit target of 0.5% realized profit for at least 3 of these trading days. This aims to prevent “lucky” single trades from passing the challenge.
- Time Limit: Similar to the Junior Trader phase, the time limit is unlimited, subject to the 30-day inactivity rule.
The “Funded” Account and Profit Distribution
Successfully navigating both challenges leads to receiving a “funded” virtual account. Perfumeprice.co.uk Reviews
This is where the actual profit-sharing mechanism comes into play.
Virtual Capital, Real Profits Shared
Propnumberone.com clearly states that they provide “virtual capital” up to $300,000. They claim their proprietary algorithm copies successful trades onto their internal, real accounts.
This means you are essentially trading a demo account, and if your strategy is profitable, Prop Number One aims to replicate those trades with their own capital.
- 100% Profit Payout: The website prominently advertises “100% of the profits within 24 hours.” This is a significant claim compared to many prop firms that offer 70-90% profit splits. Withdrawals can be requested every 21 days.
- Fee Refund: Upon your first successful withdrawal from the funded account, the entry fee you paid to access the challenges is refunded. This effectively makes the challenge “free” if you are profitable enough to reach this stage.
- Monthly Salary for TOP TRADERS: A unique incentive offered by Propnumberone.com is a potential monthly salary. After maintaining the funded account for two consecutive calendar months 60 days with at least a 3% monthly gain, traders become eligible for a salary of up to $3,000. The salary amount is tiered based on the initial challenge size:
- $7,000 Challenge: $70 Salary
- $17,000 Challenge: $170 Salary
- $27,000 Challenge: $270 Salary
- $50,000 Challenge: $500 Salary
- $100,000 Challenge: $1,000 Salary
- $200,000 Challenge: $2,000 Salary
- $300,000 Challenge: $3,000 Salary
- It’s important to note this is a performance-based bonus, not a traditional employment salary, as clarified in their FAQ.
Transparency and Trading Flexibility
Propnumberone.com prides itself on transparency and offering significant trading freedom, contrasting itself with other firms that impose numerous restrictions.
“No.1 for Transparency” Claim
The website asserts they are “No.1 for transparency” and were “Certified in 2024 as the safest and most transparent prop firm.” However, details on this certification are scarce on the homepage, making it difficult to verify independently. Unitedsettlement.com Reviews
Genuine transparency usually involves readily available audit reports, detailed company financials, or verifiable third-party endorsements.
Unrestricted Trading Environment
Propnumberone.com highlights several aspects of trading freedom:
- Expert Advisors EAs Allowed: This is a big plus for algorithmic traders who rely on automated strategies. Many prop firms restrict or ban EAs.
- Overweek Trading Permitted: Traders can hold positions over weekends, which is often restricted by other firms due to increased market volatility during opening hours.
- Trading During News Events: Another common restriction in prop trading is trading during high-impact news releases. Propnumberone.com claims to allow this, offering greater flexibility.
- Copy Trading Allowed: You can use copy trading between your own accounts.
- Flexible Stop-Loss/Manual Close: Traders have the freedom to use stop-losses or close trades manually, indicating less interference with individual trading styles.
These flexibilities are attractive to experienced traders who often find restrictive rules elsewhere frustrating.
The ability to employ diverse strategies without arbitrary limitations could be a significant advantage.
Comparing Prop Number One to Competitors
The website features a comparison table, positioning Prop Number One favorably against unnamed competitors. This table highlights key differentiators: Ncl.com Reviews
Key Differentiators Highlighted
- Profit Share: Prop Number One claims 100% profit share, while competitors are listed at 80%. This is arguably their strongest unique selling proposition.
- Profit Target: Prop Number One lists 5%/8% Junior/Senior profit targets, which appear lower than the 10%/5% or 8%/5% listed for competitors. Lower profit targets can make challenges more attainable.
- Salary: Prop Number One offers a salary up to $3,000, a feature not listed for competitors.
- Drawdown Type: Prop Number One uses “Balance” drawdown, while some competitors use “Equity – Dynamic Balance.” A balance-based drawdown is generally considered more favorable for traders as it doesn’t account for unrealized losses until trades are closed.
- Competitions: Prop Number One lists “Yes,” while competitors are “No.”
- News Trading/Over Week Trading: Both are permitted by Prop Number One and often restricted by competitors.
- Platforms: Support for MetaTrader 4 & 5 is indicated.
- Fee Refund: Prop Number One refunds the fee on the first withdrawal, similar to some competitors, but better than others that refund on the fourth withdrawal or not at all.
While these comparisons are presented by Prop Number One itself and should be taken with a grain of salt as they don’t name the competitors, they do highlight what the company believes are its competitive advantages.
For a trader evaluating options, these points are worth scrutinizing against specific competitor offerings.
Risk Management Parameters and Rules
The detailed explanation of drawdown rules is crucial for any prospective trader.
Understanding these mechanics is vital to avoid failing a challenge prematurely.
Daily Max Loss Explained
The Daily Max Loss is a hard stop that resets every day at midnight GMT+3. It includes both closed positions and floating unrealized losses. Sofa.com Reviews
- Junior Trader: 5% of the initial balance. For a $100,000 account, you cannot lose more than $5,000 in a single day.
- Senior Trader: 4% of the initial balance or 5% with the aggressive 10% profit target. For a $100,000 account, this means a daily loss limit of $4,000 or $5,000.
This rule is designed to protect the firm’s capital by preventing significant losses within a short period.
It also forces traders to maintain consistent risk management.
For example, if you lose $3,000 on closed trades and have a floating loss of -$1,100, you’ve already hit -$4,100, which would fail a Senior Trader challenge with a $4,000 daily limit, even if that floating loss later turns positive.
This “at any moment” rule is a common cause of frustration for traders in prop firm challenges.
Overall Loss Explained
The Overall Loss, or “Account Stop Loss,” is the maximum cumulative loss allowed throughout the entire challenge period. Avoirshutters.co.uk Reviews
- Junior Trader: 10% of the initial balance. For a $100,000 account, the equity must not drop below $90,000.
- Senior Trader: 8% of the initial balance or 10% with the aggressive 10% profit target. For a $100,000 account, the equity must not drop below $92,000 or $90,000.
Similar to the daily loss, this includes both closed and open positions.
It ensures that the account value doesn’t deplete beyond a certain point, safeguarding the firm’s virtual capital.
Minimum Trading Days Nuances
While unlimited time is offered, the minimum trading days ensure consistent performance isn’t achieved by a single, lucky trade.
- Junior Trader: 1 trading day.
- Senior Trader: 5 trading days, with a critical addition: on at least 3 of these days, you must close with a realized profit of at least 0.5% of your trading account. This “consistency” rule is an important detail that traders often miss and can be a significant hurdle.
Support and Community
Support Channels
- 24/7 Technical Support: The website advertises round-the-clock technical support, which is essential for traders operating across different time zones.
- Email Support: A standard channel for inquiries.
- Live Chat: Immediate assistance is often available through live chat, which is a convenient feature.
- Coaching Sessions Upon Request: The offer of coaching sessions with expert traders could be a significant value-add, particularly for those looking to refine their strategies. However, the conditions for these sessions “upon request” are not detailed.
Community Engagement
Propnumberone.com encourages community engagement through various social media platforms:
- Telegram
- Discord
- YouTube
A vibrant community can provide a platform for traders to share experiences, ask questions, and potentially receive peer support, which can be invaluable in a challenging field like trading. Myperfumeshop.com.au Reviews
Regulatory and Legal Disclaimers
A critical section on the Propnumberone.com website is its disclaimers, which clarify the nature of their services and their regulatory status.
Virtual Funds and Educational Purposes
The website explicitly states: “All information provided on this site is intended solely for study purposes relating to trading in the financial markets and in no way constitutes a specific investment recommendation, trade recommendation, analysis of investment opportunities or similar general recommendation regarding trading in financial instruments.”
Furthermore, it clarifies: “We offer virtual demo accounts in which real market conditions are simulated and any reference to “funds” used on our website or in any of our terms and conditions refers to virtual funds only.” This reinforces that traders are not handling real money directly until profits are withdrawn.
Regulatory Information
Propnumberone.com states that “All trading accounts and services are issued and managed by Blue Chip Broker Pty Ltd, our subsidiary based in South Africa.
Blue Chip Broker Pty Ltd is a Financial Services Provider licensed and regulated by the Financial Sector Conduct Authority FSCA under registration number 2024 / 649950 / 07 and FSP number 54787.” Gotranscript.com Reviews
This is a crucial piece of information.
The FSCA Financial Sector Conduct Authority in South Africa is a legitimate regulatory body.
Providing a specific FSP number 54787 allows for verification of their license.
This indicates a degree of regulatory oversight, which is a positive sign in an industry where many firms operate without clear regulation.
However, it is essential for prospective users to independently verify this information directly with the FSCA to confirm its accuracy and scope. Torcomet.com Reviews
Potential Advantages of Propnumberone.com
Based on the website’s claims, Propnumberone.com offers several compelling advantages for aspiring and experienced traders.
Capital Access Without Personal Risk
The most significant benefit is the potential to trade substantial virtual capital up to $300,000 without risking your own savings.
This democratizes access to larger trading accounts for individuals who may not have the personal capital to operate at such scales.
This is a must for many who dream of making a living from trading but are constrained by limited personal funds.
High Profit Share
The advertised 100% profit payout is a highly attractive feature. Most prop firms split profits, typically giving traders 70-90%. A 100% split, if consistently honored, would mean significantly higher earnings for successful traders. This could substantially boost the earning potential of profitable traders. Furniturevillage.co.uk Reviews
Performance-Based Salary
The innovative monthly salary incentive, based on consistent monthly gains, adds another layer of potential income.
This rewards long-term consistency, which is a desirable trait for prop firms seeking stable, profitable traders.
It shifts the focus beyond just passing challenges to maintaining consistent performance.
Trading Flexibility
The allowance of Expert Advisors, overweek trading, and trading during news events provides significant freedom for traders to implement their preferred strategies without artificial constraints.
This is a common pain point with many other prop firms, and Prop Number One’s liberal approach could appeal to a wider range of trading styles. Travel.orange.com Reviews
Unlimited Time for Challenges
While subject to inactivity rules, the “unlimited time” for challenges reduces the immense pressure that fixed-duration challenges often impose.
This allows traders to wait for optimal market conditions and develop their strategies without feeling rushed, potentially leading to more well-thought-out trades and higher success rates.
Potential Considerations and Red Flags
While the advantages are appealing, it’s prudent to consider potential drawbacks and areas requiring further scrutiny.
“Virtual Capital” Nuance
The emphasis on “virtual capital” means you are trading a demo account.
While your profits are paid out from the firm’s real trading, the distinction is important for understanding the underlying business model. Motorcycleshippers.com Reviews
It’s not about being “funded” in the traditional sense of having real money allocated to your personal trading account.
Drawdown Rules Strictness
Despite the flexibility in other areas, the daily and overall drawdown rules are strict and unforgiving.
The “at any moment” calculation for daily max loss, including floating losses, can be a challenging hurdle for even experienced traders, especially during volatile periods.
A single, brief spike against a position could lead to failure even if the trade ultimately recovers.
This is a common mechanism for prop firms to filter out traders who cannot manage risk precisely. Londontheatre.co.uk Reviews
“No.1 for Transparency” Verification
The claim of being “Certified in 2024 as the safest and most transparent prop firm” needs independent verification.
While they provide FSCA regulation details for Blue Chip Broker Pty Ltd, it’s crucial to confirm this certification’s source and validity.
A lack of specific details or easily verifiable proof on the website itself regarding this “certification” could be a minor concern.
Customer Service and Support Quality
While 24/7 support is advertised, the actual quality and responsiveness of customer service can only be ascertained through user experiences.
Look for reviews or forums discussing their support efficiency. Jollyes.co.uk Reviews
Business Model Longevity
The 100% profit split is exceptionally high.
While attractive, it raises questions about the firm’s long-term profitability model.
If they truly pay out 100% of profits, their revenue primarily comes from challenge fees and potentially from commissions on their replicated trades, or from traders who fail challenges.
Understanding the sustainability of such a high payout model is key.
Trustpilot Reviews Context
The website displays a Trustpilot logo and mentions “What people are saying about Prop Number One! Trustpilot Awards.” While Trustpilot is a reputable review platform, it’s important to look at the actual reviews and not just the presence of the logo. Verify the overall rating, read both positive and negative comments, and assess the sentiment from a diverse range of users. A high number of reviews and a consistent high rating usually indicate a reliable service. Cambriabike.com Reviews
The Importance of Due Diligence
Before committing to any prop trading firm, particularly one with such attractive claims, thorough due diligence is non-negotiable.
Verify Regulatory Information
Independently verify the FSCA license of “Blue Chip Broker Pty Ltd” FSP number 54787 directly on the FSCA’s official website.
Confirm that the license is active and covers the activities described by Prop Number One.
Read Terms and Conditions Meticulously
The full terms and conditions, privacy policy, and AML policy should be read with extreme care.
These documents will contain the precise legal language regarding payouts, liabilities, account termination rules, and other critical details that are often summarized on the main page. Nuebar.com Reviews
Pay close attention to clauses related to fraud, inactivity, and how profits are calculated and distributed.
Search for Independent Reviews
Go beyond the reviews displayed on their website.
Search for independent reviews on forums, Reddit, YouTube, and other review platforms.
Look for patterns in feedback, both positive and negative.
Be wary of overly enthusiastic or generic reviews that lack specific details.
Pay attention to common complaints regarding payouts, challenge rule interpretations, or support.
Understand the “Prop Firm” Business Model
Grasp that prop firms primarily make money from challenge fees and from traders who fail their challenges.
They also profit from the successful trades of their traders by replicating those trades with their own capital.
This model means they have an incentive to set challenging rules, but also to support successful traders.
Conclusion: Is Propnumberone.com a Game-Changer or Another Hurdle?
Propnumberone.com presents an intriguing proposition for traders looking to access substantial virtual capital without personal risk.
The 100% profit payout, potential monthly salary, and flexible trading environment are undeniably attractive features that set it apart from many competitors.
The stated FSCA regulation of its subsidiary, Blue Chip Broker Pty Ltd, adds a layer of credibility that is often missing in this space.
However, the virtual nature of the capital, the strictness of the drawdown rules especially the “at any moment” calculation including floating losses, and the need for independent verification of their “transparency certification” are important considerations.
For a dedicated and disciplined trader who excels at risk management and consistent performance, Propnumberone.com could indeed be a viable path to scale their trading activities and potentially earn a significant income.
As with any financial opportunity, the devil is in the details.
Prospective traders should approach Propnumberone.com with a clear understanding of its challenge mechanics, thoroughly review its terms and conditions, and conduct independent research to confirm all claims.
If you’re serious about trading and believe you have the skills to consistently navigate challenging drawdown parameters, this platform offers a unique set of incentives that warrant a closer look.
Just remember: in trading, there are no shortcuts, and consistent success comes from diligent practice, robust strategy, and stringent risk management.
Frequently Asked Questions
How does Prop Number One work?
Prop Number One offers traders the opportunity to manage virtual capital by first passing a two-phase evaluation process called “challenges.” If successful, traders gain access to a “funded” virtual account, and Prop Number One copies their profitable trades onto the firm’s real accounts.
Traders then earn 100% of the profits generated from these replicated trades, with potential for a monthly salary based on consistent performance.
What is the Junior Trader challenge on Prop Number One?
The Junior Trader challenge is the first phase of the evaluation.
It requires traders to achieve a 5% profit target, while adhering to a maximum daily drawdown of 5% and an overall drawdown of 10% on the initial virtual balance.
There’s no time limit, but you must trade for at least 1 day and not be inactive for more than 30 days.
What is the Senior Trader challenge on Prop Number One?
The Senior Trader challenge is the second phase.
It requires an 8% profit target or 10% for aggressive traders, with a daily drawdown of 4% or 5% and an overall drawdown of 8% or 10%. You must trade for at least 5 non-consecutive days, with at least 0.5% realized profit on 3 of those days, and maintain activity within 30-day periods.
Is the capital provided by Prop Number One real?
No, the capital provided by Prop Number One is virtual.
The website explicitly states they offer “virtual demo accounts” and any reference to “funds” on their site refers to virtual funds only.
The firm generates real profits by copying successful trades from its traders onto its internal, real accounts.
How does the 100% profit payout work?
Prop Number One claims to pay out 100% of the profits you generate on your virtual funded account.
They process these withdrawals within 24 hours of your request, which can be made every 21 days.
Do I get my challenge fee refunded by Prop Number One?
Yes, Prop Number One states that your entry fee for the challenges will be fully refunded with your first successful profit withdrawal from the funded account.
Can I earn a salary with Prop Number One?
Yes, you can potentially earn a monthly performance-based bonus, referred to as a “salary,” of up to $3,000. To be eligible, you must maintain your funded account for two consecutive calendar months 60 days with at least a 3% monthly gain.
The salary amount depends on the size of the challenge you initially signed up for.
What financial instruments can I trade on Prop Number One?
Prop Number One offers a wide range of financial instruments for trading, including Forex, Indices, Commodities, and Cryptocurrencies.
Are there any drawdown limits on Prop Number One?
Yes, strict drawdown limits are in place to manage risk.
There’s a Daily Max Loss 5% Junior, 4% Senior and an Overall Loss 10% Junior, 8% Senior on the initial balance.
These limits include both closed and open floating positions and are calculated “at any time.”
Can I use Expert Advisors EAs on Prop Number One?
Yes, Prop Number One explicitly states that they allow the use of Expert Advisors EAs, providing flexibility for algorithmic traders.
Can I hold trades over the weekend Overweek Trading on Prop Number One?
Yes, Prop Number One permits overweek trading, allowing you to hold positions across weekends, which is often restricted by other prop firms.
Can I trade during news events on Prop Number One?
Yes, Prop Number One claims to allow trading during news events, offering greater freedom compared to some other prop firms that impose restrictions during high-impact announcements.
Is Prop Number One regulated?
Prop Number One states that its trading accounts and services are issued and managed by Blue Chip Broker Pty Ltd, a subsidiary based in South Africa.
Blue Chip Broker Pty Ltd is licensed and regulated by the Financial Sector Conduct Authority FSCA under FSP number 54787. It is advisable to independently verify this information with the FSCA.
How long do I have to complete the challenges on Prop Number One?
Prop Number One offers an “unlimited” time limit for completing both the Junior and Senior Trader challenges.
However, there is a maximum period of 30 days of inactivity allowed, after which your challenge account may be failed.
What happens if I hit my daily or overall drawdown limit?
If your account’s equity including open positions falls below the daily or overall drawdown limit at any point, your challenge will be failed, and you will need to pay for a new challenge to attempt it again.
What kind of support does Prop Number One offer?
Prop Number One offers 24/7 technical support, email support, live chat, and coaching sessions with expert traders upon request.
What platforms does Prop Number One support?
Prop Number One supports MetaTrader 4 MT4 and MetaTrader 5 MT5, which are widely used trading platforms.
How often can I withdraw profits from Prop Number One?
You can request a withdrawal of your profits every 21 calendar days from your funded account.
Prop Number One guarantees to process these requests within 24 hours.
What is the minimum profit target for the Senior Trader consistency rule?
During the Senior Trader challenge, in addition to the overall profit target, you must achieve a realized profit of at least 0.5% of your trading account on at least 3 non-consecutive trading days.
What is the largest virtual capital I can access with Prop Number One?
You can access up to $300,000 in virtual capital through Prop Number One’s challenge scaling program.
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