TradeXProp prop firm offers Forex funded accounts and crypto challenges. Its funding options range from 5k USD to 400k USD. For cryptos, the firm only offers up to 200k USD in virtual funding. The firm promises up to 80% profit share on Forex and 90% for cryptos. The pricing is very competitive and starts from 35 dollars. Despite these attractive specs, the firm still has several red flags, which we will present below.
Let’s start today’s TradeXProp review where we will assess the firm’s most important features such as safety, fees, rules, funding options, assets, support, and more.
Pros & cons of TradeXProp prop firm
Pros
- Competitive pricing starts at $35
- Offers diverse funding options for Forex and crypto accounts
- No scaling plans are available at the moment
- Strict rules for crypto challenges with low daily loss limits from 3%
- No educational resources or tools provided
- Customer support limited to email and live chat
- Withdrawals are restricted to once per month
Cons
- Lack of legitimacy indicators (no FPA reviews, few Trustpilot reviews)
- Accounts are demo only, not live funded accounts
Safety of TradeXProp – 0
There are zero TradeXProp reviews on the FPA, which is always a bad sign. On Trustpilot, the firm has very few reviews, which is also a red flag. Trader reviews are one of the most important aspects of safety evaluation, and we can not confirm the firm’s legitimacy. When it comes to experience in the industry, TradeXProp was launched in 2023 which makes it very inexperienced in its field. Additionally, all funded accounts are only demo accounts, and traders are never actually allowed to access live funded accounts with real funds.
As a result, the firm gets a 0 score in this section, for lacking all crucial safety features.
TradeXProp Funding and maximum capital allocation – 3
TradeXProp funded programs are diverse, and the firm offers a dedicated challenge for crypto enthusiasts. Both TradeXProp funding account types are divided into 1-step and 2-step challenges. Crypto TradeXProp challenges offer a narrower range of funding options from 5k to 200k USD, while FX challenges allow for higher funded amounts of up to 400k. 2-step challenges require traders to hit profit targets two times, while 1-step only requires them to achieve the predefined profit once.
TradeXProp scaling plan is not offered, which is a disadvantage for experienced traders who want to access larger accounts and for beginners as well, not allowing them to grow accounts slowly. In the end, the firm only managed to get a 3 score in this section.
TradeXProp Assets – 2.5
TradeXProp prop trading is available via speculating on several markets including Forex, indices, commodities, and cryptos. The leverage is high, including up to 50:1 leverage on Forex and Metals, up to 10:1 leverage on Indices, up to 5:1 leverage on Oil, and up to 2:1 leverage on Cryptocurrencies.
In the end, the firm gets a 2.5 score in this section.
TradeXProp Trading rules and limitations – 0.6
TradeXProp rules are strict for cryptos and more forgiving for Forex assets. For cryptos, there are the following requirements:
- Profit target – 9%
- Daily loss limit – 3%
- Maximum drawdown – 6%
- Minimum trading days – None
- Maximum trading days – None
For Forex challenges, the firm requires the following:
- Profit target – 8%
- Daily loss limit – 5%
- Maximum drawdown – 8%
- Minimum trading days – 0
- Maximum trading days -0
As we can see, passing the challenge on funded crypto challenges is much more difficult than on Forex challenge accounts.
Overall, the firm gets a 0.6 score in this section.
TradeXProp Fees – 2.5
The pricing by TradeXProp is competitive as it starts from just 35 dollars.
The crypto TradeXProp challenge has the following fees:
- Funded amount: 5,000 USD – one-time fee: 35 USD
- 10k USD – 80 USD
- 25k USD – 210 USD
- 50k USD – 430 USD
- 100k USD – 900 USD
- 200k USD – 2,000 USD
The Forex TradeXProp challenge requires the following one-time fees:
- Funded amount: 5,000 USD – one-time fee: 45 USD
- 10k USD – 85 USD
- 25k USD – 215 USD
- 50k USD – 395 USD
- 100k USD – 795 USD
- 250k USD – 2,155 USD
- 400k USD – 3,755 USD
TradeXProp free trial is not available and the TradeXProp free repeat is not offered at the moment either, which is a downside for the firm. The firm gets a 2.5 score in this section.
TradeXProp Platforms – 4.1
The firm offers one of the most diverse selections of trading platforms including DXTrade, Match-Trader, cTrader, MT4, and MT5. Traders can analyze markets comprehensively and even employ custom indicators with these platforms, which is advantageous. Mobile trading is available via mobile app versions of these platforms.
In the end, the firm gets a 4.1 score in this section.
TradeXProp Profit-Sharing – 3
TradeXProp profit split starts at 80% for FX challenges and 90% for crypto challenges. Traders can only request withdrawals once per month, which is very inconvenient.
The firm gets a 3 score in this section.
Education and trading tools at TradeXProp – 0
There are no educational resources at the moment available on the TradeXProp website, which is a downside for the firm. There are no webinars, trading courses, or video guides offered, making it difficult for beginners to learn trading. There are no tools offered either, which is also a downside. The firm does not provide a trading blog, which is yet another drawback.
In the end, the firm only gets a 0 score in this section for not providing any educational resources at all.
Customer Support at TradeXProp – 2.4
When it comes to customer support, TradeXProp only provides live chat and email support channels and there is no phone support, which is a drawback and red flag. Live chat is the fastest way to contact the firm. Both the support and website are only available in the English language.
Overall, the firm gets a 2.4 score in this section.
Frequently Asked Questions on TradeXProp
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