Prop365 Review: A New Player in the Prop Trading Industry

Understanding Prop Trading

Proprietary trading, commonly known as prop trading, is when a firm uses its own capital to trade across financial markets rather than managing client investments. Traders at these firms access the company’s capital, allowing them to take on larger trades and potentially secure greater profits. The firm typically retains a portion of the profits through a shared profit arrangement.

For traders, this approach minimizes personal financial risk since they aren’t using their own money. Most prop trading firms, including PROP365, require a qualifying evaluation to ensure traders possess the necessary skills before granting access to a funded account. This setup allows firms to harness trading talent while giving traders access to significant capital.

What Sets PROP365 Apart?

Based in the UK, PROP365 is a new entrant in the prop trading sector, designed to offer traders not just capital but also a supportive environment to help enhance their skills. Utilizing the TradeLocker platform, known for its sleek interface and robust features, PROP365 caters to both novice and seasoned traders. The platform provides real-time data analysis, a variety of educational tools, and a global reach, positioning itself as a fresh alternative to traditional prop trading experiences.

Diverse Trading Markets: At PROP365, traders have the flexibility to explore a wide array of financial markets, including:

• Forex: Access to the largest and most liquid market for currency trading.
• Crypto: Trade popular cryptocurrencies like Bitcoin and Ethereum with access to cutting-edge tools.
• Stocks: Diversify your portfolio with global stocks from various exchanges.
• Energy: Participate in the energy markets, trading commodities like oil and gas.
• Indices: Gain exposure to major global indices, tracking the performance of leading companies.
• Metals: Trade precious metals such as gold and silver for portfolio stability.
• Commodities: Engage in trading commodities like agricultural products and raw materials.

This diverse market access ensures that traders can capitalize on opportunities across different asset classes, tailoring their strategies to suit their expertise and preferences.

How PROP365 Works

Getting started with PROP365 requires passing an evaluation to secure a funded trading account. Traders can choose between two distinct evaluation paths: the 1-step or 2-step model, offering flexibility based on trading styles.

1-Step Evaluation Model

This is a simple and direct challenge with the following conditions:

• Profit Target: 10%
• Minimum Trading Days: 5
• Max Daily Loss: 4%
• Max Drawdown: 6%
• Evaluation Time: No deadline

Once traders meet the profit target and adhere to the risk limits, they are granted a funded account with an 80% profit split, allowing them to retain a substantial portion of their gains.

2-Step Evaluation Model

The 2-step evaluation caters to traders who prefer a phased approach, breaking down the challenge into two parts:

Phase 1:

• Profit Target: 8%
• Minimum Trading Days: 3
• Max Daily Loss: 5%
• Max Drawdown: 10%
• Time Limit: None

Phase 2:

• Profit Target: 5%
• Minimum Trading Days: 3
• Max Drawdown: 10%
• Time Limit: None

Upon completing both phases without breaching the risk parameters, traders are awarded a funded account with an 80% profit share. The unlimited evaluation time in both models is a standout feature, letting traders focus on achieving targets without the stress of deadlines.

Pricing Structure

PROP365’s pricing is designed to accommodate traders of different budgets, with options for various account sizes from $5,000 to $100,000.

After completing the evaluation, traders receive a refund of their initial fee, effectively making it a risk-free venture once the profit targets are achieved. Additionally, traders on funded accounts enjoy an 80% profit split, maximizing their earnings potential.

Who Should Consider PROP365?

PROP365 is an attractive choice for traders looking to grow their capital without exposing their own funds. Here are some reasons why you might choose PROP365:

Advantages:

• Risk-Free Capital: Trade with the firm’s money, minimizing your financial exposure.
• Flexible Evaluation Options: Select from 1-step or 2-step challenges based on your trading style and preferences.
• Generous Profit Split: Keep 80% of your profits, ensuring a favorable income share.
• No Time Limits: The evaluation challenges are not time-bound, allowing traders to reach their targets at their own pace.
• Comprehensive Trader Support: Access to trading tools, educational resources, and a community of like-minded traders.

Potential Drawbacks:

• Upfront Fees: Although the fees are refundable, some traders may find them a hurdle initially.
• Strict Risk Management Rules: Adhering to daily loss and drawdown limits is essential, which can be challenging for traders who prefer looser risk parameters.

Final Thoughts: Is PROP365 a Good Fit for You?

Overall, PROP365 is a promising new player in the prop trading space, offering robust features that cater to traders of varying skill levels. With a flexible evaluation process, high-profit splits, access to diverse markets, and strong support for growth, it’s well-suited for those looking to advance their trading careers without risking personal capital.

For traders eager to scale their performance and leverage the firm’s capital, PROP365 provides a compelling platform worth considering. To get started or learn more about the firm’s offerings, head to PROP365’s official website and begin your journey toward a funded trading account.