About The Prop Trading
Overview
The Prop Trading is a proprietary trading firm based in Australia, established on 8 July 2022. The company is registered at Suite No. 1171, 17 Gould Road, Herston, Queensland 4006. It positions itself as a funding provider for retail traders, offering evaluation-based accounts that can lead to a profit share arrangement.
The broker does not currently hold any verified regulatory license, and its operational transparency is limited. As a prop firm, it focuses on assessing trader performance through simulated or live evaluation phases rather than acting as a traditional broker.
Trading Platform and Instruments
The Prop Trading provides the MetaTrader 5 (MT5) platform to its clients. MT5 is a multi-asset platform that supports forex, stocks, and commodities, though the broker specifically highlights access to crypto and indices as key offerings.
The platform is available for desktop and mobile devices, enabling traders to analyse markets and execute trades. However, specific details on order execution types, leverage, or additional platform features are not publicly disclosed.
Profit Sharing and Account Structure
The company advertises a profit share of up to 80% for traders who successfully complete their evaluation process. This structure is typical of prop firms, where traders must meet certain targets without violating risk rules to gain a funded account.
The exact number of account tiers, evaluation fees, and target requirements are not specified on the broker's materials. The Prop Trading does not provide a breakdown of spreads or commissions for its accounts.
Deposits and Withdrawals
The Prop Trading accepts deposits from clients to purchase evaluations, but it does not publicly list the available funding methods or any associated fees. Withdrawal processes are described on the broker's website, but concrete timelines and methods are not clearly outlined.
Based on aggregated client feedback, the broker has a low Trustpilot rating of 1.6 out of 5 from 35 reviews, with many complaints focusing on payout delays and account closures. Prospective traders should be aware of these concerns when considering the firm.
Customer Support
The Prop Trading offers customer support via email, but no live chat or phone number is prominently advertised. The company states that queries are handled promptly, though client reviews frequently mention slow or absent responses.
The broker's registered address in Queensland, Australia, provides a point of contact, but users have reported difficulties in reaching support for time-sensitive issues.
Overview compiled by FXCanary from regulatory records and public data. full The Prop Trading review