Prop Number One Prop Firm Review – What You Need to Know in 2025
Launched in November 2024, Prop Number One is a proprietary trading firm based in Dubai, UAE, operated by Prop Number One Ltd. and led by CEO Jason Miller. It offers funded accounts from $10,000 to $250,000, scalable to $2 million, with profit splits up to 85%. Traders can access forex, indices, commodities, and cryptocurrencies on MetaTrader 5 (MT5) and cTrader platforms, partnered with a tier-1 liquidity provider for simulated real-market conditions. With a 4.7/5 Trustpilot rating from 200+ reviews and over $500,000 paid out in 2024, Prop Number One emphasizes flexible evaluations and trader-friendly rules.
Prop Number One Best suited for:
- Beginners: Low-cost challenges starting at $49 with no time limits.
- Experienced Traders: High capital access and up to 85% profit splits.
- Scalpers & News Traders: Supports news trading, EAs, and flexible strategies.
Pros & Cons of Prop Number One
Pros
High Profit Splits: Up to 85% with performance-based scaling.- Flexible Evaluations: One-step or two-step challenges with customizable drawdown options.
- No Time Limits: Unlimited trading days for all evaluation programs.
- Fast Payouts: Bi-weekly payouts, processed within 24 hours, after a 10-day initial period.
- Wide Market Access: Forex, indices, commodities, and crypto on MT5 and cTrader.
- Trader Support: Active community and 24/7 support via live chat and Discord.
Cons
Weekend trading not available on most accounts:- Payout timelines may vary based on verification speed:
How Does Prop Number One Work? (Step-by-Step Guide)
- Select Account & Challenge: Choose one-step or two-step evaluation ($10,000-$250,000).
- Pass Evaluation: Achieve 10% profit (one-step) or 8% + 4% (two-step) with 5 minimum trading days.
- Get Funded: Trade a funded account with real profit potential.
- Earn Profits: Receive 70%-85% profit splits, paid bi-weekly after a 10-day initial period.
Prop Number One Account Types & Funding Options
- Account Sizes: $10,000, $25,000, $50,000, $100,000, $250,000, scalable to $2 million. Funding Models: One-Step Evaluation: 10% profit target, 4% daily/8% max drawdown. Two-Step Evaluation: 8% (Phase 1) + 4% (Phase 2), 5%?daily/10% max drawdown. Profit Splits: 70% default, up to 85% with consistent performance. Fees: $49-$999, non-refunded
- promotional discounts available.:
Profit Targets & Payouts
- Profit Targets: 10% (one-step) or 8% + 4% (two-step).
- Payouts: Bi-weekly via bank transfer or crypto, processed within 24 hours, after a 10-day initial period.
- Drawdown Limits: 4%-5% daily, 8%-10% overall, based on program.
- Comparison: Prop Number One’s 4%-5% daily drawdown is more flexible than Funding Pips (4%), but its 10% max drawdown is stricter than FundedNext’s 12%.
Leverage & Trading Conditions
- Leverage: Up to 1:100 (forex), 1:50 (indices), 1:20 (commodities), 1:10 (crypto).
- Lot Sizes: Flexible, with risk management enforced via drawdown limits.
Allowed & Restricted Trading Strategies
Allowed Trading Strategies
- Scalping
- swing trading
- news trading
- hedging
- Expert Advisors (EAs)
- overnight/weekend trading.
Restricted Trading Strategies
- High-frequency trading (HFT)
- arbitrage
- copy trading across accounts
- exploiting platform errors.
How Long Does It Take to Get Funded by Prop Number One?
- Challenge Duration: Unlimited trading days, with a minimum of 5 trading days per phase.
- Evaluation Speed: One-step can take days
- two-step may take 1-2 weeks.
- User Experiences: Fast funding within 24-48 hours post-evaluation, with positive feedback on payout speed.
How Long Has Prop Number One Been Around?
Prop Number One has been operating since November 2024, with over $500,000 paid out in its first year. Its partnership with a tier-1 liquidity provider and a 4.7/5 Trustpilot score from 200+ reviews build trust, but its brief history compared to FTMO (since 2014) or The 5%ers (since 2016) suggests caution for long-term reliability.
Who Owns Prop Number One? (Founder & Company Background)
Founder: Jason Miller, CEO. Headquarters: Dubai, UAE (Prop Number One Ltd., Business Bay). Mission & Vision: Provide traders with capital, flexible rules, and a supportive environment to maximize profitability. Regulatory Status: Unregulated, partners with a tier-1 liquidity provider for trade execution.
What Can You Trade with Prop Number One? (Supported Markets & Assets)
Markets: Forex (60+ pairs), indices, commodities, cryptocurrencies. Assets: EUR/USD, S&P 500, gold, silver, BTC, ETH. Restrictions: No weekend crypto trading, bans on HFT, arbitrage, and cross-account copying.
Does Prop Number One Offer Education & Trader Support? (Learning Resources & Coaching)
Limited to trading rules and platform guides, no formal courses or webinars. Trader Development: Real-time dashboard with analytics for risk management. Coaching Programs: None, relies on community and support team. Community & Networking: Active Discord and X (@PropNumberOne) for trader engagement.
How Good is Prop Number One’s Customer Support? (Response Time & Availability)
Support Channels: Live chat, email, Discord. Response Times: Typically within hours, praised for efficiency. Operating Hours: 24/5 for email/Discord, live chat during business hours. Trader Feedback: Positive for quick responses, some questions about payout clarity for larger withdrawals.
Is Prop Number One a Scam or a Legit Prop Firm?
Prop Number One is legitimate, verified by Dubai registration (Prop Number One Ltd.), a 4.7/5 Trustpilot rating from 200+ reviews, and over $500,000 in payouts in 2024. Its partnership with a tier-1 liquidity provider and transparent promotions add credibility. However, its unregulated status, short history since November 2024, and limited educational resources raise concerns compared to established firms like FTMO or FundedNext.
Alternatives to Prop Number One – How It Compares
- FTMO: Higher trust score (4.9/5), 90% split, two-step evaluation, robust education, no instant funding. FundedNext: 95% split, MT4/MT5/cTrader, scaling to $4 million, more crypto options. The 5%ers: Up to 100% split, no crypto, strong education, excludes US traders.
Final Verdict – Should You Trade with Prop Number One?
Prop Number One is well-suited for traders seeking affordable evaluations, high 85% profit splits, and flexible rules, with scaling to $2 million and support for news trading and EAs. Its low fees ($49-$999) and fast payouts (within 24 hours) are major draws, enhanced by a growing community and tier-1 liquidity provider partnership. However, its short history since November 2024, unregulated status, limited education, and MT5/cTrader-only platforms may deter some compared to FTMO or FundedNext. Traders should review recent feedback, verify payout reliability, and proceed cautiously in 2025, balancing Prop Number One’s flexibility and affordability against its newness.
