thePropTrade review
thePropTrade is a Dubai-based prop trading firm launched in October 2024, fronted by Andreas Andreou, a former BDSwiss Chief Commercial/Revenue Officer, with Katarina Kvasnicak as CEO. It runs four simulated-account evaluation tracks — Classic 1-Step and 2-Step challenges, a low-cost PayFlex Edge program, and Instant/Zero funding — on $5,000-$100,000 accounts with an 80% profit split (marketed as scaling toward 90%), tradable on MetaTrader 5, cTrader and TradeLocker. It marked its first year with an October 2025 "Volume 2" upgrade that added cTrader and a revamped dashboard. The usual category caveats apply: it is not financially regulated, accounts are explicitly simulated rather than live, its operating history is under two years, and independent review scores are mixed rather than uniformly strong.
thePropTrade key facts
- Website: theproptrade.com
- Category: Prop trading firm
- Founded: 2024
- Headquarters: Dubai, UAE
- Model: Classic 1-/2-Step, PayFlex Edge, or Instant/Zero funding
- Account sizes: $5K–$100K (scaling to $2M)
- Profit split: 80% (marketed up to 90%)
- Platforms: MT5, cTrader, TradeLocker
- CEO: Andreas Andreou
- FYI Score: 66.7/100 (ranked #59 of the 63 prop trading firms we track)
Rules and risk
- Classic 1-Step and 2-Step programs use a static, balance-based drawdown (3-4% daily, 6-8% max); PayFlex Edge and Instant/Zero use an end-of-day trailing-lock drawdown (3-4% daily, 6% max) that only ever moves up.
- No consistency rule and no fixed time limit on the Classic challenges, with swap-free accounts and no maximum lot restriction.
- Leverage is capped by asset class — around 1:50 on forex, 1:10 on indices/commodities and 1:1 on crypto — and news trading is restricted for 5 minutes either side of high-impact releases.
- All accounts trade in a simulated environment using real market quotes; the operating entity, QuantElite FZCO, states it is not a broker and does not accept client deposits.
Payouts and scaling
- Payout cadence depends on the program: weekly on Classic 1-Step, every 14 days on Classic 2-Step, and on-demand (processed within about 3 business days) on PayFlex Edge and Instant/Zero, subject to a $100 minimum.
- Profit split starts at 80% across all programs; company marketing cites splits scaling toward 90% for consistent traders.
- A scaling track lets a funded account grow toward $2M in simulated capital — a 25% balance increase after 10% profit in each of four consecutive months.
- Payout methods include cryptocurrency, Skrill and Neteller, alongside bank wire and local payment options for funding; KYC and compliance checks apply before payout.
thePropTrade evaluation challenges
| Challenge | Steps | Profit target | Max drawdown | Profit split | Price |
|---|
| Classic 1-Step | 1-step | 12% | 6% | 80% | from $59 · $5K–$100K |
| Classic 2-Step | 2-step | 8% | 8% | 80% | from $55 · $5K–$100K |
| PayFlex Edge | 1-step | 6% | 6% | 80% | from $9.99 + $50 activation · $5K–$100K |
| Instant / Zero Funding | — | — | 6% | 80% | from $79 · $5K–$100K |
Markets
Forex, Metals, Indices, Commodities, Crypto
Platforms
MetaTrader 5, cTrader, TradeLocker
Who thePropTrade is for
Suits a forex or CFD trader who wants a firm with named, identifiable leadership, flexible evaluation options (including a low-cost PayFlex entry and instant funding), and no consistency rule — and who is comfortable with a short track record, simulated trading, and average-to-mixed independent review scores. Confirm current drawdown and payout terms directly on the site before buying, since program details have changed over time.
Pros
- Named, identifiable leadership with real industry track records — Andreas Andreou (former BDSwiss CCO/CRO, ex-HFM) and CEO Katarina Kvasnicak — rather than anonymous founders.
- Four distinct entry routes (Classic 1-Step, Classic 2-Step, low-cost PayFlex Edge, Instant/Zero funding) across three established platforms: MT5, cTrader and TradeLocker.
- No consistency rule and an unlimited time window on the Classic challenges, plus swap-free accounts and no max-lot cap.
- Visible first-year momentum, with a cTrader integration and dashboard overhaul ("Volume 2") shipped around its first anniversary.
Cons
- Not financially regulated; accounts are explicitly simulated, and QuantElite FZCO states outright that it is not a broker and does not accept deposits.
- Very new — launched October 2024, so it has barely over a year of operating history at time of writing.
- Independent review scores are mixed rather than strong: Trustpilot ratings in the high-3s to low-4s out of 5, with recurring complaints about payout denials, account terminations after profitable payouts, and spreads/slippage.
- Program terms have shifted between the original PayFlex launch and the "Volume 2" refresh (e.g., profit target and split-sharing details), so current buyers should confirm live terms on the site rather than older reviews.
thePropTrade FAQ
Is thePropTrade legit?
thePropTrade is a real, operating firm registered as QuantElite FZCO in Dubai Silicon Oasis, UAE, launched in October 2024 by named executives Andreas Andreou (Co-CEO & Founder, former BDSwiss CCO/CRO) and CEO Katarina Kvasnicak. It is not a regulated broker, and independent Trustpilot ratings are mixed — generally in the high-3s to low-4s out of 5 — with both positive reviews and recurring payout-related complaints.
What evaluation programs does thePropTrade offer?
Four tracks: a Classic 1-Step challenge (12% target, static drawdown), a Classic 2-Step challenge (5% then 8% targets), a low-cost PayFlex Edge program (6% target, trailing-lock drawdown, activation fee charged only after passing), and an Instant/Zero option that skips the evaluation entirely. Account sizes run $5,000 to $100,000.
How does the profit split and payout work?
All programs start traders at an 80% profit split, with company marketing citing splits scaling toward 90%. Payout cadence depends on the program — weekly on Classic 1-Step, every 14 days on Classic 2-Step, and on-demand (roughly 3 business days) on PayFlex Edge and Instant/Zero — subject to a $100 minimum payout.
Is thePropTrade regulated?
No. thePropTrade's accounts trade in a simulated environment using real market quotes, and its operating entity, QuantElite FZCO, states directly that it is not a broker and does not accept client deposits. You are buying access to a skill-assessment and funding program, not a regulated brokerage account.
Compare thePropTrade with other prop trading firms
See all prop trading firms ranked by FYI →
Home · CFD Brokers · Brokers · Crypto · Prop firms · Prediction markets · Media · Influencers · Solutions