What Is Prop Number One?
Imagine this: You’re a skilled trader, confident in your strategy, but your capital feels like a pair of tight jeans after Thanksgiving dinner. It’s just too snug to breathe. This is where Prop Number One comes into play. It’s a proprietary trading firm designed to give traders the breathing room and funding they need to truly flourish.
Prop Number One provides retail traders with access to large amounts of capital, but only after they demonstrate their skills through a structured evaluation process. Instead of putting your own money at risk, you can trade using the firm’s capital and share in the profits. This model significantly reduces your financial exposure while maximizing your earning potential.
This setup matters because trading with firm capital allows you to leverage your strategy more effectively. You remain in control of the trades, but with much greater buying power.
Unlike some questionable programs that overpromise and underdeliver, Prop Number One offers a transparent, realistic, and professional pathway to funded trading. Think of it not as a shortcut, but as a smart route for disciplined traders to get paid for their skills.
Mission and Model
The primary mission of Prop Number One is to empower disciplined and consistent traders by giving them access to funding they might not otherwise have. The firm uses a challenge-based model, which means you go through a step-by-step evaluation to prove your trading capabilities.
If you pass the evaluation, you become a funded trader. This status gives you access to a live account, generous profit-sharing arrangements, and long-term scaling opportunities to increase your capital over time.
Why Traders Are Buzzing About It
Prop Number One is not just another prop trading firm in an already crowded market. It’s gaining attention for several key reasons:
- It offers affordable pricing for challenge evaluations.
- It provides flexible account sizes with scalable funding options.
- Its rules are clear, consistent, and easy to understand.
- Withdrawals and payouts are processed quickly and reliably.
- The company maintains an active community on Discord and social media where traders can connect, ask questions, and learn from one another.
To sum it up, the firm is delivering what traders have been asking for: a more professional, transparent, and trader-focused path to funding.
Is Prop Number One Legit?
The answer is yes. While Prop Number One is a newer player in the market, it is quickly building a solid reputation. Early reviews on platforms like Trustpilot suggest that traders appreciate the firm’s fair challenge process, transparent rules, and prompt payouts. However, this isn’t financial advice, and you should always conduct your own research before getting started.
Still, here’s the key takeaway. Prop Number One gives traders a chance to prove themselves, trade professionally, and earn real profits without risking their own capital. It is like partnering with a well-funded backer who believes in your potential and pays you for your performance.
How the Prop Number One Prop Firm Challenge Works
So, how does a trader go from filling out an application to managing a six-figure funded account with Prop Number One? It all begins with what the firm calls its Prop Firm Challenge. This challenge is more than a simple test. It’s a structured, performance-based process designed to evaluate whether a trader is ready to manage firm capital responsibly.
Think of it like a job interview, but instead of wearing a suit and talking about your “five-year plan,” you’re trading real markets with simulated risk to prove your edge. The process is simple on the surface, but it requires consistency, discipline, and a solid trading plan.
Let’s break the process down into key steps:
Choose Your Account Size and Profit Split
The first step is selecting an evaluation account that matches your risk appetite and goals. Prop Number One offers several account sizes ranging from micro accounts for new traders to large accounts for more seasoned professionals.
Each size comes with its own cost, rules, and potential payout structure. But the real win here is the profit split. Traders can choose options that allow them to keep a significant portion of their profits. The higher your skill and risk tolerance, the more lucrative your payout potential.
Some of the common account sizes include:
- $10,000 with a 75% profit split
- $50,000 with an 80% profit split
- $100,000 with up to a 90% profit split
You choose based on how confident you feel in your trading strategy and how much you’re comfortable managing once funded.
Complete the Prop Number One Prop Firm Challenge
Once you pick your account, it’s time to trade. This challenge is designed to test your ability to trade consistently within set risk parameters. It’s not about taking moonshot trades and hoping for the best. It’s about demonstrating professional-grade discipline.
Here are some of the typical requirements:
- Hit the profit target (usually between 8% and 10%)
- Avoid hitting the maximum daily or overall drawdown
- Follow risk management rules (we’ll cover those in the next section)
- Trade for a minimum number of days to prove consistency
And yes, the platform monitors these rules in real time. If you breach a rule, you fail the challenge and will need to retry. But don’t panic. Unlike other firms, Prop Number One often provides affordable reset options or discounts on retries.
Pass Evaluation and Get Funded
Pass the challenge, and you’re eligible to receive a live funded account. This isn’t a demo account with fake stakes. This is a real, funded account where your profits are your own. From this point on, you’re no longer being tested. You’re managing actual capital for the firm and getting paid based on your performance.
The good news? The rules become a bit more flexible once you’re funded. For example, some risk constraints ease up, and your profit target resets. You’re now a part of the firm’s team of traders, and your focus shifts from passing a test to consistently growing the account.
Start Live Trading
With a funded account in hand, you begin trading in the live market. This is where your strategy meets the real world. You’ll receive regular payouts based on your profit-sharing model, with many traders getting their first payout as soon as 14 days after going live.
From here, your journey can go in several directions. You can:
- Continue trading your current account
- Move into a scaling plan (we’ll talk about this soon)
- Withdraw profits and treat this like a side income or even a full-time gig
Traders love this stage because it’s when all the effort starts paying off. It’s no longer about “what if.” You’re actively earning, scaling, and building a track record with real capital.
What Are the Options For Funded Accounts?
Prop Number One keeps things refreshingly simple when it comes to account options. Whether you’re a rookie still finding your rhythm or a veteran looking to scale fast, the firm offers a range of funded account sizes that match different budgets, risk tolerances, and trading styles.
All accounts operate under a two-step evaluation process. This structure strikes a balance between being accessible and still ensuring the trader demonstrates real consistency before accessing live capital.
Here’s what that two-step process looks like across the different account sizes.
Funded Account Sizes
The table below summarizes everything you need to know at a glance. Whether you’re looking to start small with a $7,000 account or go big with $300,000 in firm capital, Prop Number One offers an option that works for your goals and financial comfort zone.
Account Size | Challenge Fee | Profit Target | Max Daily Drawdown | Max Overall Drawdown |
$7,000 | $52 | 5% (Phase 1), 8% (Phase 2) | 5% (Phase 1), 4% (Phase 2) | 10% (Phase 1), 8% (Phase 2) |
$17,000 | $161 | 5% (Phase 1), 8% (Phase 2) | 5% (Phase 1), 4% (Phase 2) | 10% (Phase 1), 8% (Phase 2) |
$27,000 | $217 | 5% (Phase 1), 8% (Phase 2) | 5% (Phase 1), 4% (Phase 2) | 10% (Phase 1), 8% (Phase 2) |
$50,000 | $327 | 5% (Phase 1), 8% (Phase 2) | 5% (Phase 1), 4% (Phase 2) | 10% (Phase 1), 8% (Phase 2) |
$100,000 | $580 | 5% (Phase 1), 8% (Phase 2) | 5% (Phase 1), 4% (Phase 2) | 10% (Phase 1), 8% (Phase 2) |
$200,000 | $1097 | 5% (Phase 1), 8% (Phase 2) | 5% (Phase 1), 4% (Phase 2) | 10% (Phase 1), 8% (Phase 2) |
$300,000 | $1592 | 5% (Phase 1), 8% (Phase 2) | 5% (Phase 1), 4% (Phase 2) | 10% (Phase 1), 8% (Phase 2) |
This clear and consistent structure helps traders plan effectively. You know upfront what’s required and can choose an account that suits your strategy. And if you’re someone who wants to scale quickly, starting with a higher account gives you more firepower from day one.
Profit-Sharing Models
One of the standout features of Prop Number One is its generous profit split structure. After completing the two-phase evaluation and receiving your funded account, you begin earning from your trades right away, based on a fixed percentage split.
Here’s what makes their model trader-friendly:
- No gimmicks or delayed payments. Payouts are made consistently according to the published schedule.
- High retention of profits, starting from 75% and going up to 90% for larger account tiers.
- Traders keep the lion’s share, and the firm only earns when you do, which aligns everyone’s incentives.
Typical profit splits look like this:
- 75% for smaller funded accounts (e.g., $7k and $17k)
- 80% for mid-tier accounts (e.g., $27k and $50k)
- 90% for high-tier accounts (e.g., $100k and above)
This structure is perfect for traders who want to scale their income quickly without sacrificing too much of their hard-earned gains. You’re not just trading to prove yourself—you’re trading to get paid.
Scaling Plans
If you’re consistently profitable and follow risk management guidelines, Prop Number One won’t leave you stranded with a fixed account size. The firm offers scaling plans that reward consistency and discipline.
Here’s how it works:
- Trade profitably for a set number of months
- Avoid violating key risk parameters
- Maintain steady growth with good drawdown control
Once you meet these benchmarks, your funded account can be increased by 25% to 50%, depending on your current level and overall performance. The firm essentially reinvests in its top traders by giving them more capital to manage and more room to earn.
This scaling model is a huge advantage for traders with long-term ambitions. Instead of staying capped at a set figure, you can grow into managing hundreds of thousands of dollars in firm capital—without needing to risk your own savings.
Traders who succeed at this level often turn funded trading into a full-time career, treating their account like a serious business. And with high profit splits, scalable funding, and low operational stress, it’s a realistic path for those who stay disciplined.
Prop Number One’s Rules and Restrictions
Trading freedom is great, but when you’re handling someone else’s capital, a little structure is essential. Prop Number One sets clear guidelines to protect both the trader and the firm. And trust us, these rules aren’t designed to trip you up — they’re built to reinforce good trading habits that professional firms expect.
Let’s break down the key restrictions every trader needs to understand before jumping into a challenge or funded account.
Risk Management Guidelines (Trailing Drawdown, Max Daily Loss)
Prop Number One operates with a two-phase evaluation system. Each phase comes with its own set of drawdown rules that help ensure the trader maintains control, not just luck.
Here’s what you need to know:
- Maximum Daily Loss:
- Phase 1: 5%
- Phase 2: 4%
- Maximum Overall Drawdown:
- Phase 1: 10%
- Phase 2: 8%
- Trailing Drawdown:
Once you go live, most accounts are subject to a trailing drawdown that follows your account balance. This is one of the most misunderstood rules across prop firms, but Prop Number One explains it clearly and applies it fairly.
The goal here isn’t to stress you out. It’s to teach you to treat each trade like it matters — because it does. Consistent risk control means long-term payouts, and these rules are your guideposts.
News Trading, Overnight Holds, and Other Restrictions
Let’s face it. Some traders love to roll the dice during volatile news events, hoping for jackpot-level gains. But when you’re trading with firm capital, you have to play by house rules.
Here are a few of the trading restrictions to note:
- High-impact news trades may be restricted, especially during evaluations.
- Holding trades overnight or over the weekend is often limited to specific instruments or timeframes.
- Trading during low-liquidity times or outside active session hours may also come with restrictions, depending on your account type.
Before you open a position, check the calendar and make sure you’re not walking into a restricted event. Prop Number One typically provides an economic calendar or trading restrictions notice inside your dashboard, so you’re never caught off guard.
Consistency and Scaling Rules
Consistency isn’t just a buzzword here. Prop Number One uses consistency tracking during evaluations to ensure you’re not passing the challenge with one lucky trade.
This means:
- Your largest trading day shouldn’t make up the majority of your profit.
- You need to trade for a minimum number of days.
- Spikes in performance followed by long periods of inactivity or losses may raise red flags.
Once funded, however, these consistency rules relax. Still, it’s smart to keep your trading steady and systematic — especially if you want to take advantage of scaling plans down the line.
The rules are fair, clear, and mostly aligned with what you’d expect from a legitimate proprietary trading environment. Think of them like the lines on a highway. They don’t stop you from driving fast — they just help keep you on the road.
Payment, Withdrawals, and Payout Process
You’ve passed the challenge, you’re managing a live account, and the profits are rolling in. Now what? Prop Number One makes it easy for traders to handle payments, withdraw earnings, and get paid on time — no need to chase down your money or submit support tickets into a black hole.
Here’s what you need to know about how money moves with Prop Number One.
Fee Payments (for Challenges and Funded Accounts)
Before you enter the challenge, you’ll need to pay a one-time fee. This covers your evaluation cost and access to the firm’s platform and dashboard tools.
Let’s recap the fee structure for clarity:
- $7,000 account: $52
- $17,000 account: $161
- $27,000 account: $217
- $50,000 account: $327
- $100,000 account: $580
- $200,000 account: $1097
- $300,000 account: $1592
Here’s the good news. These fees are not subscriptions, and there are no recurring charges once you pay. You pay for each challenge, and if you fail, you have the option to reset the challenge at a reduced cost — usually much less than the original fee.
Also worth noting: Prop Number One sometimes runs promotions or discounts, so it’s smart to stay plugged into their Discord or email list for deals.
Profit Withdrawals and Payout Schedules
This is what traders care about most — and rightfully so. Prop Number One makes the withdrawal process easy, fast, and reliable.
Here’s how the payout process works once you’re funded:
- First Payout: Eligible 14 days after you start live trading, assuming you’ve met the minimum profit threshold and haven’t violated any rules.
- Subsequent Payouts: Available every 14 or 30 days, depending on your account type and preference.
- Profit Split: Based on your funded account tier, you’ll keep between 75% to 90% of all profits.
Payout methods include:
- Bank transfer
- Cryptocurrency (BTC, USDT, etc.)
- Wise or Payoneer in some regions
Payouts are processed within 1 to 3 business days, and most traders report receiving their money without delays. Just remember that you must request your payout through the dashboard, and any open trades must be closed to process withdrawals.
One more trader-friendly perk? There’s no cap on your profit potential. If you’ve got a killer month and earn $20,000, you’ll get your cut. No limits. No excuses. Just your money.
Comparison: Prop Number One vs Other Top Prop Firms
When it comes to choosing a prop firm, traders don’t just look at flashy ads or profit splits. They dig into the details, rules, drawdowns, costs, payouts, and support. And Prop Number One is turning heads for all the right reasons.
Let’s compare it to some of the heavy hitters in the industry to see how it really performs.
Feature | Prop Number One | FTMO | The Funded Trader | FundedNext |
Evaluation Type | 2-Step | 2-Step | 2-Step | 2-Step |
Profit Target (Phase 1) | 5% | 10% | 10% | 10% |
Profit Target (Phase 2) | 8% | 5% | 5% | 5% |
Max Daily Loss | 4% (Phase 2), 5% (Phase 1) | 5% | 5% | 5% |
Max Overall Drawdown | 8% (Phase 2), 10% (Phase 1) | 10% | 10% | 10% |
Minimum Trading Days | 5 | 10 | 5 | 10 |
First Payout Eligibility | 14 Days | 30 Days | 14 Days | 30 Days |
Profit Split | Up to 90% | Up to 90% | Up to 90% | Up to 90% |
Payout Processing Time | 1–3 Business Days | 1–5 Business Days | 1–3 Business Days | 1–5 Business Days |
Scaling Plan | Yes | Yes | Yes | Yes |
$50K Challenge Fee | $327 | $345 | $299 | $300 |
$100K Challenge Fee | $580 | $618 | $499 | $499 |
$200K Challenge Fee | $1097 | $1080 | $979 | $949 |
Community Engagement | Active Discord Support | Moderate | Growing | Moderate |
Customer Support Speed | Fast and Personalized | Standard | Variable | Slow to Moderate |
Summary
If you’re looking for lower challenge fees, easier profit targets, quicker payouts, and a more active support environment, Prop Number One is setting the new standard. While legacy firms still dominate the headlines, savvy traders are increasingly switching to this up-and-coming platform for the smoother path to profitability it offers.
Prop Number One Trader Support and Help
Email: support@propnumberone.com
Social Media Profiles
- Instagram profile with 334 followers
- Facebook profile with 8.2k followers
- X/Twitter profile with 138 followers
- YouTube channel has 71 subscribers and 1 video
- Discord channel with 1.2k members
Trust Pilot Reviews
Prop Number One has received great customer feedback from its traders on Trust Pilot. With an overall score of 4.4 out of 5 from 674 reviews.
Conclusion
In the ever-expanding world of prop trading, Prop Number One is emerging as a serious contender. It combines low-barrier entry, fair and achievable challenges, and a no-nonsense payout system that respects the trader’s time and talent.
It doesn’t matter if you’re still working your day job or trying to transition into full-time trading — Prop Number One provides a real opportunity to trade funded capital and keep most of your profits, without the usual headache or hype.
From fast customer support and a transparent rule set to competitive pricing and real scaling potential, the platform shows clear signs of being built by traders, for traders. It’s not a gimmick or a cash grab. It’s a top prop firm that’s actually in your corner.
So, if you’re ready to stop demo trading and start turning your edge into earnings, Prop Number One might be your new trading home.
Yes. Prop Number One has a growing base of real traders and positive feedback from platforms like Trustpilot. Their transparent rules, clear payouts, and responsive support reinforce their legitimacy.
Funded traders are eligible for their first payout after 14 days of trading, assuming they’ve followed the rules and met the minimum profit threshold. Payments are usually processed in 1–3 business days.
This depends on your account and trading phase. Some restrictions apply during the challenge, especially around high-impact news events or market closings. Funded accounts offer more flexibility.
You can reset your challenge for a reduced fee and try again. Prop Number One also runs regular promotions, so you might find discounted challenge retries through their email list or Discord.
Prop Number One supports MT4, MT5, and cTrader, with access to major forex pairs, indices, crypto, and commodities. Specific instruments and leverage vary by account type.
No. You only need to meet the minimum trading day requirement, which is usually five days per phase. Quality and consistency matter more than frequency.
