What is Propia and how does it work?
An introduction to the prop-firm model, how it differs from a broker, and the simulated nature of evaluation accounts.
Propia is a trading evaluation service. You trade in a simulated environment under a defined set of rules, and if you meet the objectives you reach a funded account where 80% of the profit is yours.
How a prop firm differs from a broker
| Aspect | Broker | Propia |
|---|---|---|
| Capital | You deposit your own money | You pay a challenge fee, not a deposit |
| Risk | All of your own capital is at risk | Risk limited to the challenge fee |
| Profit | 100% of the profit is yours | 80% of the profit is yours |
| Environment | Live market | Simulated environment with real spreads and execution |
Propia provides simulated trading evaluation services only. Propia is not a broker, an investment firm, a financial adviser, an asset manager or a financial institution. All accounts, balances and trading activity take place in a simulated environment.
The three Propia products
- Master — Propia's flagship two-phase product
- Phoenix — A two-phase account with a free retry
- Triple — A lower-cost entry product with three evaluation phases
Frequently asked questions
Is the challenge fee an investment?
No. The challenge fee pays for taking part in an evaluation process; it is not a deposit or an investment. Propia does not accept investment deposits and does not hold client funds.
Related articles
A step-by-step roadmap: choosing an account, buying it, passing the phases, verification, the funded account and your first payout.
A complete comparison of Master, Phoenix and the three-phase challenge: targets, drawdowns, sizes and features.
Propia is not a broker, the challenge fee is not a deposit, and all activity takes place in a simulated environment.
The Propia support team is ready to help.
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