Note: The Prop Tradings official site - https://www.theproptrading.com.au/ is currently not functional. Therefore, we could only gather relevant information from the Internet to present a rough picture of this broker.
Risk Warning
Trading leveraged products such as forex, cryptocurrencies and derivatives may not be suitable for all investors as they carry a high degree of risk to your capital. Please ensure that you fully understand the risks involved, taking into account your investments objectives and level of experience.
The information presented in this article is intended solely for reference purposes.
General Information & Regulation
The Prop Trading is a prop firm based in Australia, offering trading accounts on the MT5 trading platform. This platform hypes that it provides access to crypto and indices, with a profit share of up to 80%.
Please be aware that The Pro Trading is not authorized or regulated by any regulatory authority, and thats why WikiFX has given it a very low score of 1.14/10. Please be aware of the risk.
Note: The screenshot date is February 10, 2023. WikiFX gives dynamic scores, which will update in real-time based on the broker's dynamics. So the scores taken at the current time do not represent past and future scores.
Market Instruments
The Prop Trading hypes that it offers a range of indices and cryptos to trade, which most similar companies do not offer.
Account Types
The Prop Trading offers funding for traders from $50,000 which will cost you $279, all the way to $200,000 which will set you back around $800. These fees are said to be refundable if you pass the challenge and actually get funded. The profit share offered is 80%, one of the highest in the industry and withdrawals are processed monthly providing that you are flat on trades on the last trading session of each month, at midnight.
Leverage
When it comes to leverage, The Prop Trading provides its customers with access to 1:200, which is far greater than the levels regarded appropriate by many regulators, with the maximum leverage for major currencies up to 1:30 in Europe and Australia, and 1:50 in the United States and Canada.
Since leverage can amplify both gains and losses, it can result in devastating losses for investors who lack experience. If you're just starting in the trading world, it's best to stick with the lower size, no more than a 1:10.
Customer Support
Some basic contact information for traders or potential clients to get in touch with The Pro Trading is listed below:
Telephone: +61 1300 984 019
Email: support@theproptrading.com.au
Company Address: Suite No. 1171 17 Gould Road Herston 4006 QLD AU
Pros & Cons
Frequently Asked Questions (FAQs)
