Everything you need to know about Prop Next — how it works, the rules, payouts, and the platform.
Firm Identity
Prop Next is a proprietary trading firm that funds skilled traders with simulated capital. We evaluate traders through a structured challenge process, and those who demonstrate disciplined, rule-compliant trading are awarded funded accounts and receive a share of their simulated profits. We are not a broker, investment manager, or financial adviser.
Our mission is to give talented traders access to the capital they need to succeed — without requiring personal financial risk. We believe skill, not capital, should determine a trader's ceiling. We aim to be the most transparent, trader-first prop firm in the market: clear rules, fast payouts, and honest support.
Yes. Prop Next is a registered company. Our challenge products are simulated trading environments — not live financial instruments — which means we are not required to hold a financial services licence for this product. Our terms of service, privacy policy, and payout records are available to review. We have paid out over $4.2M to funded traders to date. You can view testimonials and community feedback to verify our track record.
All Prop Next challenge and funded accounts are simulated demo accounts. Trades are not executed in real markets. We use real market data and pricing, so the experience mirrors live trading — but no actual capital is traded. Payouts are made from our operating revenue based on your simulated performance results.
Anyone aged 18 or older can participate. We accept traders from most countries worldwide. You do not need a trading licence, formal education, or any minimum account balance. The only requirement is the ability to pass our challenge by trading within the rules. Some countries may be restricted due to local regulations — please check our Terms of Service for the current exclusion list.
Challenge Overview
We offer two challenge types:
2-Step Challenge: A two-phase evaluation. Phase 1 requires a 10% profit target; Phase 2 requires 5%. Both phases share the same drawdown rules (5% daily / 10% max). Available in €50K, €100K, €200K, €300K, and €500K account sizes.
1-Step Challenge: A single-phase evaluation with a 10% profit target and tighter drawdown rules (3% daily / 6% max trailing equity-based drawdown). Available in €25K, €50K, €100K, and €200K account sizes.
2-Step Challenge:
€50,000 — €299 one-time fee
€100,000 — €499 one-time fee
€200,000 — €899 one-time fee (Most Popular)
€300,000 — €1,399 one-time fee
€500,000 — €1,999 one-time fee
1-Step Challenge:
€25,000 — €299 one-time fee
€50,000 — €399 one-time fee
€100,000 — €599 one-time fee
€200,000 — €1,099 one-time fee (Best Seller)
All fees are one-time payments in EUR with no monthly subscriptions. Add-ons are available for an additional fee — see below.
2-Step Challenge rules:
Phase 1 Profit Target: 10%
Phase 2 Profit Target: 5%
Daily Drawdown Limit: 5% of account balance
Maximum Drawdown: 10% of initial account balance (static)
Profit Cap per Payout: 5% of account size — lifted entirely after your 8th payout
Consistency Score: 40% (no single day may exceed 40% of total net profit)
Max Risk per Trade Idea: 2% (opening & closing on the same pair counts as one idea)
Payout Frequency: Every 14 days
Profit Split: 80% (upgradeable to 90% via add-on)
1-Step Challenge rules:
Profit Target: 10%
Daily Drawdown Limit: 3%
Maximum Drawdown: 6% trailing (equity-based)
Profit Cap per Payout: 4% of account size
Consistency Score: 30% (no single day may exceed 30% of total net profit)
Max Risk per Trade Idea: 2% (opening & closing on the same pair counts as one idea)
Payout Frequency: Every 14 days
Profit Split: 80% (upgradeable to 90% via add-on)
The base profit split is 80% for all account sizes and challenge types. You can upgrade to 90% by purchasing the 90% profit split add-on (+5% fee on top of the base challenge fee).
The profit split applies to your net simulated profit at the time of each payout request, subject to the profit cap rules (see the profit cap FAQ below).
We do not offer a free trial. If you fail a challenge (by breaching a drawdown limit or violating a trading rule), you may purchase a new challenge at the same fee. There is no automatic reset. We recommend reviewing the rules thoroughly before starting and practising your strategy on a demo account first if needed.
Add-ons are optional upgrades you can purchase alongside any challenge. Each add-on adds a percentage to the base challenge fee:
News Trading & Weekend Holding (+5%): Allows you to trade through major news events and hold positions over the weekend — both are restricted by default.
90% Profit Split (+5%): Upgrades your funded account profit split from 80% to 90%.
8% Profit Target (+5%): Reduces the Phase 1 profit target from 10% to 8% (2-Step) or the single-phase target from 10% to 8% (1-Step), making the challenge easier to pass.
All Add-ons Bundle (+10% discount): Purchase all three add-ons together for a combined fee of only +10% (instead of +15%), saving you 5%.
Add-ons are selected at the time of purchase and cannot be added after your challenge has started.
Trading Rules & Restrictions
The daily drawdown is calculated as 5% of your end-of-day account balance from the previous trading day (or initial balance on day 1). For example, if your account balance at the end of yesterday was $50,000, your maximum permitted loss today is $2,500 (5% × $50,000). Losses from open floating positions count toward the daily drawdown in real-time. If your balance drops to $47,500 at any point during the trading day, the account is breached.
The maximum drawdown is 10% of the initial account balance — it does not trail your highest balance. For a $50,000 account, the absolute floor is $45,000. Your account balance (including floating P&L on open trades) must never fall below this level at any point. This is an absolute, non-trailing rule.
Yes, Expert Advisors (EAs) and automated trading bots are permitted, provided:
The EA is your own or you have a legitimate licence to use it
The EA does not exploit pricing errors, latency arbitrage, or platform loopholes
The strategy does not violate any other trading rule (hedging between accounts, etc.)
High-frequency trading (HFT) strategies exploiting system latency are strictly prohibited and will result in immediate account termination.
Overnight holding: Permitted by default. You may hold positions overnight. Standard swap rates apply on TradeLocker.
Weekend holding:Not permitted by default. All positions must be closed before markets close on Friday (22:00 UTC on most instruments). However, if you purchased the News Trading & Weekend Holding add-on, weekend holding is permitted on your account.
Hedging within a single account (holding simultaneous long and short on the same instrument) is permitted on our platform.
Cross-account hedging — where you hold opposite positions across two or more Prop Next accounts simultaneously to guarantee profit or eliminate risk — is strictly prohibited. This is a form of risk-free arbitrage and constitutes abuse of the evaluation system. Any accounts found engaging in cross-account hedging will be terminated without payout.
The following strategies are not permitted:
Latency arbitrage — exploiting delays in price feeds
High-frequency trading (HFT) — automated strategies placing hundreds of trades per minute
Cross-account hedging — holding opposing positions across multiple Prop Next accounts
Copy-trading from a funded account — copying signals from a funded account into a challenge account (or vice versa) to manipulate results
News spike exploitation — placing orders in the seconds immediately before a major news release to capture the spread anomaly
Legitimate strategies including scalping, swing trading, day trading, grid strategies, and manual EAs are fully permitted.
By default, news trading is not permitted. Entering new positions within 2 minutes before or after a high-impact news release (marked red on Forex Factory or equivalent economic calendars) is a rule violation by default.
If you purchased the News Trading & Weekend Holding add-on, you may trade through news events freely. This add-on also covers weekend holding.
What is never permitted (even with the add-on) is exploiting the micro-second pricing anomaly that occurs immediately before a major release ("news spike sniping"). This is detected automatically by our risk system and will result in account termination.
You can trade all instruments available on TradeLocker, including:
Forex: All major, minor, and selected exotic pairs
Indices: US30, NAS100, SPX500, DAX40, FTSE100, and more
Commodities: Gold (XAUUSD), Silver (XAGUSD), Oil (WTI and Brent)
Crypto CFDs: BTC/USD, ETH/USD (selected pairs, subject to availability)
The full instrument list is visible once you log into your TradeLocker account.
The Consistency Score measures how evenly your profits are distributed across your trading days. It is designed to prevent traders from relying on a single massive winning day to hit their targets while trading recklessly on all other days.
How it works: No single trading day may account for more than a set percentage of your total profit:
2-Step Challenge: Your best single day must not exceed 40% of your total net profit
1-Step Challenge: Your best single day must not exceed 30% of your total net profit
Example (2-Step): If your total profit is $5,000, no single trading day can account for more than $2,000 (40% × $5,000). If one day exceeds this threshold, you will need to continue trading to bring your total profit up — so the outsized day represents a smaller proportion.
The Consistency Score is evaluated at the time you request payout qualification. It does not automatically fail your account mid-challenge — it is a payout qualification condition, not a breach trigger.
The Profit Cap limits the amount you can withdraw in a single payout request. It is calculated as a percentage of your funded account size:
2-Step Challenge: Maximum of 5% of account size per payout. After your 8th payout, the profit cap is completely removed — you can then withdraw your full available profit in a single request with no ceiling.
1-Step Challenge: Maximum of 4% of account size per payout (no cap removal provision).
Example (2-Step $100K account): Your maximum single payout is $5,000 (5% × $100,000). If you have $8,000 in profit, you can only withdraw $5,000 in one request. The remaining $3,000 rolls over to your next eligible payout cycle (14 days later).
The profit cap does not limit your total earnings — it only controls how much you can take out per payout cycle. After 8 payouts on the 2-Step challenge, there is no limit at all.
You may not risk more than 2% of your account balance on a single trade idea. This rule applies to both challenge and funded accounts, across all challenge types.
Important — what counts as one trade idea: Opening and closing trades on the same currency pair (or instrument) is considered the same trade idea, regardless of how many individual orders are placed. For example, if you open a long EURUSD position, partially close it, and re-enter in the same session, all of those actions are grouped as one trade idea. The combined risk across all positions in that idea must not exceed 2%.
Example: On a $50,000 account, your maximum risk per trade idea is $1,000 (2% × $50,000). If your stop loss is 20 pips on EURUSD with a standard lot, your position size must be calculated so a 20-pip loss does not exceed $1,000.
Violations of the max risk rule will result in a warning on the first occurrence and account breach on repeat violations. We recommend using the built-in position size calculator on TradeLocker to stay within limits.
Payouts & Performance Fees
Payouts are processed via:
Cryptocurrency: USDT (ERC-20 or TRC-20 network)
Bank Transfer (SEPA/SWIFT): Available for eligible countries
You can select your preferred payout method in your dashboard account settings. Crypto payouts are typically processed within 24 hours of approval. Bank transfers may take 2–5 business days.
You may request a payout once every 14 days. Each payout is subject to the profit cap for your challenge type (5% per cycle for 2-Step; 4% for 1-Step). On the 2-Step challenge, after your 8th payout the profit cap is lifted and you may withdraw your full available profit with no ceiling. There is no cap on the total number of payouts over time.
To qualify for your first payout on a funded account, you must:
Have been active on the funded account for at least 14 calendar days
Have a net profit of at least $100 (or equivalent in your account currency) above your initial funded account balance
Not be in violation of any trading rules at the time of the request
Once these conditions are met, submit a payout request via your dashboard and we will process it within 24 hours.
Yes. The minimum payout request amount is $100. There is no maximum payout limit — you can request your full available profit balance in one request if you prefer. Network transaction fees for crypto payouts are covered by us for amounts above $200. For amounts below $200, a small network fee may be deducted.
Prop Next does not deduct taxes from payouts. You are responsible for understanding and complying with the tax obligations in your country of residence. Payout income may be taxable in your jurisdiction. We recommend consulting a local tax adviser. We provide transaction records in your dashboard to support your reporting requirements.
Platforms & Technical
We use TradeLocker — a modern, browser-based and desktop trading platform. It supports full charting tools, one-click trading, built-in position sizing, and real-time P&L tracking. TradeLocker is compatible with Windows, Mac, iOS, and Android. No download is required to use the web version. You will receive your TradeLocker login credentials immediately after purchasing your challenge.
Leverage varies by asset class:
Forex (major pairs): Up to 1:30
Forex (minor/exotic pairs): Up to 1:30
Indices: Up to 1:20
Commodities (Gold, Silver): Up to 1:20
Crypto CFDs: Up to 1:2
We recommend using leverage conservatively. Over-leveraging is the primary cause of drawdown breaches among new challenge participants.
Using a VPN while trading is permitted, but we do not recommend it. VPNs can cause increased latency, connectivity issues, and in rare cases may trigger our fraud detection system if your location changes dramatically mid-session. If you do use a VPN, we recommend using a server in your country of residence. If your account is flagged for inconsistent location data, our support team will contact you to verify your identity.
Yes. Swap-free (Islamic) accounts are available upon request. To activate a swap-free account, contact our support team after purchasing your challenge. Please note: overnight holding is still subject to the standard drawdown rules even on swap-free accounts — the swap-free setting only removes the interest component charged for holding positions overnight.
Bank Transfer: SEPA (EU) and SWIFT (international)
All payments are processed securely. Challenge fees are non-refundable once your account credentials have been delivered.
No. The only fee you pay is the one-time challenge fee at the time of purchase. There are no monthly fees, no inactivity fees, no data fees, and no hidden charges. Our costs are covered by the challenge fees and our share of the performance split — that's it. If you succeed, we succeed.
No. Each challenge and funded account is strictly personal. Account sharing — allowing another person to trade on your account — is a violation of our Terms of Service and will result in immediate termination of all accounts associated with your profile. We detect third-party trading patterns through our risk monitoring system. The evaluation is designed to assess your individual skill.
Funded accounts that have no trading activity for 30 consecutive calendar days will be marked inactive and may be closed. We will notify you via email before closing an inactive account. If you need to take a break for personal, technical, or health reasons, please contact our support team — we can accommodate reasonable requests on a case-by-case basis.
If you violate a trading rule during a challenge (e.g. breach a drawdown limit), the account is automatically closed. You will receive an email notification with the reason. Any profits generated on the account up to the point of violation are forfeited. You may purchase a new challenge to try again. Serious violations (account sharing, fraud, system exploitation) will result in a permanent ban from the platform.