PropiaFunds

PropiaFunds is a prop-firm evaluation provider offering phased challenges, simulated funded-stage accounts, MetaTrader 5 and performance-based rewards. A useful PropiaFunds review has to look beyond the advertised targets and loss limits: stage-profit distribution, the 60-second rule, EA conditions, overnight and weekend holding, active-day payout cycles, gross-profit settlement and country eligibility can all determine whether the program fits a trader's strategy.

MyFxKit's short verdict is that PropiaFunds is a stronger fit for an eligible trader who wants USDT rewards, no direct evaluation deadline and a choice between two-step and three-step structures. It requires more caution from ultra-short-term scalpers, traders using unregistered EAs, swing traders who do not select the required add-on and traders who generate most of a phase target in a single day.

Author: MyFxKit Content Team
Technical review: MyFxKit Technical Team
Latest official-page check: September 18, 2026
Snapshot ID: MFK-FIRM-PROPIA-2026-09-18-01

PropiaFunds provides simulated trading evaluations and simulated funded-stage accounts. It is not a broker. In this article, “funded account” means a simulated account that may produce performance rewards under the applicable agreement. This review is not investment advice or a guarantee of passing or receiving a payout.

The principal public source is the official PropiaFunds website. Program details were cross-checked against the reviewed rules and operating policies. Where the public website did not expose a reproducible value, the checkout, dashboard, account agreement or written support response on purchase day remains authoritative.

PropiaFunds at a glance

This review intentionally avoids a numerical score or an unsupported label such as “the best prop firm.” A defensible rating would require sufficient independently verifiable execution data, payout history, resolved-complaint data and long-term rule-change records. Instead, the table evaluates factors a buyer can verify before paying.

If the evaluation model is unfamiliar, begin with what a prop firm is and the prop challenge types guide.

PropiaFunds programs compared

The reviewed product family includes Master, Phoenix and Triple. The public site displays these names, although its default crawl currently exposes the complete Master card more reliably than the other configurations. A lower fee does not automatically mean better value; account size, drawdown, phase count, repeat conditions and funded-stage rules must match the trading method.

The official page currently shows account choices from $2,000 to $50,000 and an aggregate allocation claim of up to $100,000. Its public Master card displayed a $315 one-time price for 50K when checked. This is a dated price, not a permanent quote.

Who is Master designed for?

Master uses a classic two-step structure: an 8% first-phase target, 5% second-phase target, 5% daily drawdown and 12% maximum drawdown. The additional maximum-loss room compared with a 10% model can absorb more cumulative variance, although the 5% daily rule will still be the binding limit for many strategies.

Master is the more natural starting point for a trader who prefers a lower first-stage target and values additional overall drawdown more than Phoenix's repeat feature.

Phoenix and Free Repeat

Phoenix uses 10% and 5% targets, 4% daily drawdown and 10% maximum drawdown. Its distinguishing feature is a repeat route, but “repeat” does not mean an unconditional reset:

• Standard repeat becomes available after a 10-day waiting period under the same limits.

• Fast repeat is immediate, but maximum drawdown tightens to 6% and daily drawdown tightens to 3%.

Fast removes waiting time while reducing the loss budget. A trader whose equity curve has wider short-term variance may be better suited to Standard even when the immediate option appears more attractive.

Triple evaluation

The reviewed Triple program uses 10%, 8% and 5% targets, 4% daily drawdown, 10% maximum drawdown and at least three trading days in every phase. The reviewed version offered sizes up to $15,000. It adds another phase, but can provide a lower entry route for someone beginning with a smaller account. Current size and fee must be confirmed at checkout.

How does PropiaFunds drawdown work?

A percentage alone is insufficient. A trader must know whether the limit is based on balance or equity, when the daily threshold resets and how open P/L, commission and swap are treated. For operational safety, MyFxKit treats touching the exact loss threshold as a breach. Always keep a buffer for spread, slippage and reporting delay.

Master example on a $10,000 account

Daily loss allowance = 5% × $10,000 = $500

Overall floor = $10,000 − 12% = $8,800

If the calculated daily floor is $9,500, neither balance nor equity should touch that level. An open position can cause the violation before it is closed. The $8,800 overall floor remains the account's absolute lower boundary independently of a single day's result.

Phoenix example on a $10,000 account

Daily loss allowance = 4% × $10,000 = $400

Overall floor = $10,000 − 10% = $9,000

If Fast repeat becomes active, the tighter limits are:

Fast daily loss allowance = 3% × $10,000 = $300

Fast overall floor = $10,000 − 6% = $9,400

The example shows why a faster repeat is not automatically the lower-risk option. Test the intended configuration with the drawdown calculator and review the full prop-firm drawdown guide.

The 40% phase-profit distribution rule

This evaluation-stage rule measures how phase results are distributed across trading days. The reference point is the gross profit from winning trades during one calendar day, compared with that phase's target. One day's eligible contribution should remain within 40% of the phase target.

For a $10,000 Master phase with an 8% target:

Phase-one target = $800

One-day contribution threshold = 40% × $800 = $320 of gross winning-trade profit

Producing more than $320 in a day does not by itself create an immediate hard breach. During the phase review, the day's eligible contribution is adjusted under the rule. If the adjusted balance still meets the target, the phase can be approved with the adjustment. If it does not, the account remains active and the trader must complete the remaining target distance.

The calculation uses gross profit from winning trades, not only the day's final net P/L. On a mixed day, losing trades remain in the statement. Recovery activity before the account returns to its initial balance is also treated separately under the reviewed evaluation logic.

This is not the same as daily drawdown. Drawdown is a hard risk threshold; phase-profit distribution is a review condition applied to the result. The consistency-rule guide explains how to model the additional profit needed after a concentrated day.

The 70% funded-stage concentration rule

At the funded stage, the largest profitable day should not represent more than 70% of eligible profit in the payout cycle. This ratio is not automatically a hard breach. If concentration is higher, the request may remain pending while the trader improves distribution, or the non-compliant portion may be adjusted under the applicable payout policy.

For example, if eligible cycle profit is $2,000 and the largest day produced $1,600, concentration is 80%. The trader can generate additional compliant profit on later days to reduce the ratio, provided no risk threshold is violated while doing so.

Trading rules, news, holding and EAs

The 60-second rule

The base configuration applies a 60-second minimum holding period. At purchase, the trader chooses between EA use with the 60-second rule and removing the 60-second rule without EA use. The choice should be treated as locked after activation unless the checkout or agreement expressly says otherwise.

Removing the time condition does not permit exploitative behavior. Arbitrage, HFT, tick scalping, rapid-fire scalping, stacking, coordinated group hedging, news bracketing, third-party copying and strategies exploiting latency or price errors remain prohibited.

Expert Advisors and automation

An EA used on a funded-stage account must be registered in advance. An unregistered EA can expose the account to reward rejection, status cancellation or termination. The trader should be able to explain the EA name, general logic, ownership or usage license and the accounts on which it operates.

A personal strategy EA is not the same as a third-party signal or shared trade copier. The broader distinctions are covered in prop firms that allow EAs.

News trading

Ordinary news trading is allowed, but coordinated news bracketing and hedging around an event are prohibited. Placing opposing orders to capture both sides of a spike, or distributing opposite directions across accounts, does not qualify as ordinary news trading. The news-trading prop-firm guide separates holding, execution windows and prohibited coordinated behavior.

Overnight and weekend holding

The base account is intraday: overnight and weekend holding are not enabled by default. The Swing + No-Swap add-on was priced at 20% above the base fee in the reviewed setup and had to be selected before account activation.

The add-on changes holding permission, not market risk. A weekend gap can still move equity directly into a drawdown threshold at reopening. Review the weekend-holding guide before selecting the option.

Platform and trading conditions

PropiaFunds's stated platform is MetaTrader 5. The reviewed target conditions by asset group were:

Target spreads were described as starting near 0.1 pip for major FX pairs, 1.8 pips for gold with a target ceiling of 4 pips and roughly 300 points for indices. The public website separately displays example major-pair spreads from 0.1 pip and advertises more than 500 symbols.

These are product specifications, not guarantees of a fixed spread or fill. Session, rollover, news, symbol and price feed can change simulated execution. Before buying, record the symbol specification, contract size, round-turn commission, swap, server time, stop level, strategy-hour spread and lot restrictions through a test environment or written support response.

How PropiaFunds payouts work

The base trader reward share is 80%. A 95% share add-on was available for 35% above the base fee in the reviewed configuration. The official PropiaFunds page advertises up to 95%, a first 20-day cycle, subsequent 14-day cycles and processing within 24 hours after approval.

The 24-hour statement concerns processing after approval; it does not promise that every request will complete its full review within 24 hours. The reviewed operating policy defines the first request after 20 active days and later requests after 14 active days. An active day should not be assumed to mean a calendar day or merely a day on which the account existed. The dashboard and agreement attached to the account control the definition.

Rewards are paid in USDT. Each payout event settles up to $5,000 of gross profit. The trader's reward share is applied to that batch. Any remaining approved gross profit stays associated with the account, and later batches arising from the same approved event are settled at 20-calendar-day intervals under the reviewed policy.

Example:

Eligible gross profit in one batch = $5,000

Trader reward at an 80% share = $4,000

If $15,000 of gross profit is approved for one payout event, the first batch settles $5,000 of that profit. The remaining $10,000 is assigned to later batches. The $5,000 figure is not a lifetime profit cap; it is the gross amount settled per batch.

Challenge-fee refunds

The challenge fee becomes eligible for a 100% refund after the third approved withdrawal event. Requests that are pending, held or rejected do not count toward the three approved events.

A purchase-cancellation refund may also be available within five calendar days when no trade has been placed. Processing or transfer fees may reduce the net amount returned. A buyer intending to cancel should contact support before entering MT5 or submitting any order.

Refundable does not mean free. The trader must first pay the fee and then meet every condition leading to the required approved withdrawal event.

Company, KYC and country restrictions

The official footer identifies Bigray Finance Group LLC, registration number 4044 in Saint Vincent and the Grenadines, as the operator. It also says PropiaFunds is not a broker, investment firm, financial adviser, asset manager, custodian, financial institution or payment provider. Accounts and activity are described as simulated.

The site's legal disclosure makes access conditional on applicable law, international sanctions, FATF high-risk classifications and internal compliance policies. Its non-exhaustive public example list currently names Turkey together with several other jurisdictions. Iran is not named in that example list, but the broader FATF and compliance language means absence should not be interpreted as approval.

An applicant residing in Iran or Turkey should obtain written confirmation of country eligibility, KYC documents, platform access and the reward route before payment. The public disclosure prohibits false information, VPNs, proxies or other methods intended to bypass geographic restrictions.

The user identity, payment details and reward-wallet ownership should remain consistent. A third-party destination should not be assumed acceptable. Shared documents, devices, payment methods or wallets can trigger a linked-account or compliance review; an indicator alone is not proof of wrongdoing and should be reviewed by a person.

The reviewed funded-stage allocation limit was $100,000 in aggregate with no more than two active funded accounts per trader. Because this value can change by product version, confirm it again in the dashboard or through support before activating another account.

Who is PropiaFunds best suited to?

Warning signs before purchase

• Choosing a discount without matching the program, size and add-ons

• Assuming Free Repeat means an unconditional reset without tighter limits

• Calculating the 40% rule from net daily profit instead of gross winning-trade profit

• Assuming removal of the 60-second rule permits arbitrage or HFT

• Running an unregistered EA on the funded-stage account

• Holding overnight or through the weekend without Swing permission

• Treating the $5,000 batch amount as a lifetime reward cap

• Assuming an exact drawdown-limit touch is still safe

• Purchasing with another person's identity or reward wallet

• Treating a translated website as proof that a country is eligible

Purchase-day checklist

1. Select the exact Master, Phoenix or Triple configuration.

1. Record the base fee, discount and add-on charges from checkout.

1. Match the targets, daily drawdown, maximum drawdown and minimum days to that model.

1. Choose deliberately between EA plus the 60-second rule and no EA with the time rule removed.

1. Add Swing + No-Swap and the 95% reward share before activation if required.

1. Convert the 40% distribution threshold into a dollar amount for the selected phase.

1. Build the payout plan around the first 20 active days, later 14 active days and $5,000 gross batches.

1. Verify MT5, symbols, leverage, commission, spread and server time.

1. Confirm KYC, USDT wallet ownership and destination naming with support.

1. Save dated screenshots of the rules, agreement and final checkout.

Final verdict

On paper, PropiaFunds offers several practical features for an eligible trader: Persian-language support, USDT rewards, MT5, no direct evaluation deadline and three product paths. Master is the more balanced model with 8% and 5% targets and 12% maximum drawdown. Phoenix suits traders who value a repeat route and can manage tighter limits. Triple trades a smaller entry route for an additional evaluation phase.

The decision still depends on details: the 40% daily contribution to the phase target, 70% payout concentration, 60-second configuration, EA registration, pre-purchase Swing selection and $5,000 gross-profit settlement batches. These conditions are not automatically good or bad, but they must be compatible with the trader's method before payment.

MyFxKit's conclusion is: do not select or reject PropiaFunds merely because it focuses on Persian-speaking traders. Resolve country eligibility first, then choose the exact model based on drawdown, holding style, profit concentration and payout path. The comparison cluster also includes PropiaFunds versus FTMO, with PropiaFunds versus Funding Pips and PropiaFunds versus FundedNext planned as separate intent-owner pages.

Review method and change history

This profile combines the official product page, reviewed program rules, payout policy, trading conditions and calculation examples. MyFxKit gives purchase-day checkout, dashboard and account agreement priority for volatile claims. The MyFxKit methodology, corrections policy and site change log explain how to report an error.