ProPips

What is ProPips?

ProPips is a UK-registered prop firm that gives traders access to simulated funded accounts from $5,000 up to $200,000, with up to $300,000 available by merging accounts. The two best things about it are the low-cost ProPass route, which starts at just $10 upfront with the rest paid only after you pass, and a profit split of up to 90% with payouts processed within 24 hours once approved. The cheapest standard challenge is the $5,000 2 Step at $25.

How ProPips works

You pick a route, choose an account size and trade toward the objectives. Once you reach the funded stage and meet the payout requirements, you request a payout from your dashboard. There are five routes:

• 1 Step Evaluation: one phase with a 10% profit target, 6% trailing equity drawdown and 5% daily loss limit. Prices start at $35 for $5,000.
• 2 Step Evaluation: two phases with 8% and 5% targets, 8% static drawdown and 5% daily loss limit. Prices start at $25 for $5,000.
• 1 Step ProPass: $10 upfront, a 4% profit target, and the remaining fee is only paid if you pass. Drawdown is 4% daily trailing and 8% lifetime trailing.
• 2 Step ProPass: $10 upfront, 6% and 4% targets, 5% daily drawdown and 10% static lifetime drawdown, with the remaining fee paid after you pass.
• Instant Funding: no evaluation, starting at $40 for $5,000, with a 70% profit split, 3% daily drawdown, 5% trailing lifetime drawdown and 14-day payout cycles.

ProPips rules at a glance

• Profit split: 80% standard, up to 90% with the 90% Profit Split add-on (+10% of the fee). Instant Funding is 70%.
• Payout speed: approved payouts are processed within 24 hours. Payout cycles are 14 days, or 7 days with the optional add-on. The minimum withdrawal is $100.
• Drawdown: 6% trailing on 1 Step, 8% static on 2 Step, with a 5% daily loss limit on standard evaluations.
• Minimum trading days: 3 days on standard evaluations, each with at least 0.5% profit.
• News trading: opening a trade within 5 minutes before or after a red-folder news event is a hard breach. You can hold trades through news if they were opened outside that window, but profit made during the window may be deducted.
• EAs and weekends: EAs are allowed (2-minute minimum hold, no grid, martingale, hedging or copy trading) and weekend holding is allowed.
• Platform: available platforms are shown in the checkout, so confirm the current list before you buy.
• Cheapest price: $25 for a $5,000 2 Step, or $10 upfront to start a ProPass.

Who is ProPips best for?

• Beginners who want to try a challenge with a very small upfront cost through ProPass.
• Budget traders who want cheap entry-level account sizes.
• Traders who want the option of a 90% split or a faster 7-day payout cycle.
• Traders who prefer to skip the evaluation and start funded with Instant Funding.
• EA users and swing traders who need to hold positions over the weekend.

Things to keep in mind

• All accounts are simulated, and ProPips is not a broker. Payouts are based on simulated performance and rule compliance.
• Evaluation fees are non-refundable once the account is activated and trading has started.
• The rules are strict: no hedging, no copy trading, a 2-minute minimum hold time and a 5-minute news window that counts as a hard breach if you trade inside it.
• Regional restrictions apply, so check availability for your country before buying.
• The firm is still building its public track record, so keep expectations realistic.

Is ProPips legit?

ProPips is operated by ProPips Group Limited, a company registered in the United Kingdom, and it publishes its rules, payout process and a public Trustpilot page. As with any prop firm, the smart approach is to start small, read the full rules before you trade, and complete a first payout before scaling up. Payouts are never guaranteed and depend on staying inside the rules and passing verification.

ProPips discount code

Use FIRSTPRO for 40% off your first 1 Step or 2 Step Challenge as a new trader. Other codes seen on the site include PIPS for 15% off 1 Step and 2 Step Challenges and INSTANT for 20% off Instant Funding. Promotions can change, so confirm the code is active at checkout.