Spice Prop Prop Firm Review – What You Need to Know in 2025
Founded in October 2023, SpiceProp is a proprietary trading firm headquartered in Prague, Czech Republic, operated by SpiceProp s.r.o. and led by CEO Natalia Bojko. It offers funded accounts from $1,000 to $300,000, scalable to $600,000, with profit splits up to 90%. Traders can access forex, indices, ETFs, metals, energies, and cryptocurrencies on MetaTrader 5 (MT5) and cTrader platforms, partnered with broker Metadoro. With over 8,300 active clients across 11 countries and a 4.1/5 Trustpilot rating from 130+ reviews, SpiceProp emphasizes diverse funding programs and vibrant branding. However, concerns about inconsistent support, payout disputes, and its short history warrant caution.
Spice Prop Best suited for:
- Beginners: Affordable challenges like Mini Pepper starting at $45 with low profit targets.
- Experienced Traders: Instant funding and high capital access with up to 90% splits.
- Diverse Traders: Supports scalping, news trading, and EAs across multiple instruments.
Pros & Cons of Spice Prop
Pros
High Profit Splits: Up to 90% (60% default), with competitive scaling plans.- Flexible Funding Models: One-step, two-step (Black, Sweet, Chilli Pepper), and instant funding (Jalapeño, Mini Pepper).
- No Time Limits: Unlimited trading days for all evaluation programs.
- Diverse Instruments: Forex, indices, ETFs, metals, energies, and crypto.
- Competitive Pricing: Challenges start at $45, with promotions like 15% off or free resets.
- Multiple Platforms: MT5 and cTrader with low spreads (e.g., 0.1 pips on EUR/USD).
Cons
Weekend trading not available on most accounts:- Payout timelines may vary based on verification speed:
How Does Spice Prop Work? (Step-by-Step Guide)
- Select Account & Program: Choose Black, Sweet, Chilli, Jalapeño, or Mini Pepper ($1,000-$300,000).
- Pass Evaluation: Meet 5%-10% profit targets (none for instant funding) with 3 minimum trading days.
- Get Funded: Trade a funded demo account with real profit potential via Metadoro.
- Earn Profits: Receive 60%-90% profit splits, paid weekly (Black Pepper) or bi-weekly (others) after 7-14 days.
Spice Prop Account Types & Funding Options
- Account Sizes: $1,000, $2,500, $5,000, $6,000, $10,000, $25,000, $50,000, $75,000, $100,000, $150,000, $300,000, scalable to $600,000. Funding Models: Black Pepper (Two-Step): 7.5% (Phase 1) + 5% (Phase 2), 5.5% daily/11% max drawdown. Sweet Pepper (Two-Step): 7.5% + 5%, 5.5% daily/11% max drawdown. Chilli Pepper (One-Step): 10% profit target, 5.5% daily/11% max drawdown. Jalapeño Pepper (Instant Funding): No evaluation, 3% daily/6% max drawdown. Mini Pepper (Instant Funding): No evaluation, 3% daily/6% max drawdown, smaller accounts. Profit Splits: 60% default, up to 90% with scaling or add-ons. Fees: $45-$1,499, non-refunded
- promotions like 15% off or free resets available.:
Profit Targets & Payouts
- Profit Targets: 5%-10% per phase for evaluations
- none for instant funding.
- Payouts: Via bank transfer, GoPay, or crypto, processed in 1-3 days, weekly (Black Pepper) or bi-weekly (others) after 7-14 days.
- Drawdown Limits: 3%-5.5% daily, 6%-11% overall (static or trailing).
- Comparison: SpiceProp’s 5.5% daily drawdown is more lenient than Funding Pips (4%), but weekly payouts (Black Pepper) are matched by few competitors like FundedNext.
Leverage & Trading Conditions
- Leverage: Up to 1:100 (forex), 1:50 (indices), 1:20 (metals/energies), 1:10 (crypto).
- Lot Sizes: Flexible, with risk management via drawdown limits
- no explicit commission details.
Allowed & Restricted Trading Strategies
Allowed Trading Strategies
- Scalping
- swing trading
- news trading
- Expert Advisors (EAs)
- overnight/weekend holding.
Restricted Trading Strategies
- High-frequency trading (HFT)
- arbitrage
- cross-account copy trading
- exploiting platform errors.
How Long Does It Take to Get Funded by Spice Prop?
- Challenge Duration: Unlimited, with 3 minimum profitable trading days per phase.
- Evaluation Speed: One-step can take days
- two-step may take 1-2 weeks.
- User Experiences: Fast funding (24-48 hours post-evaluation), but some report payout issues.
How Long Has Spice Prop Been Around?
Operating since October 2023, SpiceProp has over 8,300 clients across 11 countries and a 4.1/5 Trustpilot score from 130+ reviews. Its partnership with Metadoro and cTrader integration (April 2025) add credibility, but its short history and payout issues compared to FTMO (2014) suggest caution.
Who Owns Spice Prop? (Founder & Company Background)
Founder: Natalia Bojko, CEO with trading expertise. Headquarters: Prague, Czech Republic (Bucharova 2657/12, Stod?lky, 158 00). Mission & Vision: Empower traders with simulated capital, vibrant branding, and flexible programs for maximum profit. Regulatory Status: Unregulated, partners with Metadoro for trade execution.
What Can You Trade with Spice Prop? (Supported Markets & Assets)
Markets: Forex (e.g., EUR/USD, GBP/USD), indices, ETFs, metals (gold, silver), energies (oil, natural gas), cryptocurrencies. Assets: Broad range, though direct crypto/stock trading not allowed (via ETFs). Restrictions: No weekend crypto trading, bans on HFT, arbitrage, and cross-account copying.
Does Spice Prop Offer Education & Trader Support? (Learning Resources & Coaching)
Limited, blog with trading tips, but no webinars or formal courses. Trader Development: Professional dashboard with analytics for risk management. Coaching Programs: None, relies on community and support. Community & Networking: Active Telegram and Discord for trader engagement, praised for responsiveness.
How Good is Spice Prop’s Customer Support? (Response Time & Availability)
Support Channels: Live chat, email (support@spiceprop.com (mailto:support@spiceprop.com)), Telegram, Discord, phone (+420 773 475 700). Response Times: Typically hours, with some praising quick fixes, others report delays (days) or inconsistent expertise. Operating Hours: 24/5 for email/Telegram/Discord, phone during business hours. Trader Feedback: Mixed, positive for fast responses, negative for unresolved payout issues or platform issues like slippage.
Is Spice Prop a Scam or a Legit Prop Firm?
SpiceProp is legitimate, verified by Czech registration (SpiceProp s.r.o.), a 4.1/5 Trustpilot rating from 130+ reviews, and over 8,300 active clients. Its Metadoro partnership, cTrader integration, and promotions (e.g., 15% off challenges) enhance trust. However, concerns include payout disputes, inconsistent support, significant slippage (600-800 points), and its unregulated status. Trustpilot shows 17% one-star reviews, with some alleging hidden rules, though positive reviews praise transparency and payouts.
Alternatives to Spice Prop – How It Compares
- FTMO: Higher trust score (4.9/5), 90% split, two-step evaluation, robust education, regulated broker. FundedNext: 95% split, MT4/MT5/cTrader, scaling to $4 million, higher leverage (1:100). The 5%ers: Up to 100% split, no crypto, excludes US traders, strong education.
Final Verdict – Should You Trade with Spice Prop?
SpiceProp is attractive for traders seeking affordable challenges ($45+), high 90% profit splits, and diverse instruments (forex, ETFs, crypto), with scaling to $600,000 and MT5/cTrader platforms. Its no-time-limit evaluations, instant funding options, and promotions appeal to beginners and pros, while 8,300+ clients show growth. However, its short history since October 2023, unregulated status, inconsistent support, significant slippage (600-800 points), and payout disputes (e.g., $30,000 PLN claim) raise red flags compared to FTMO or FundedNext. Traders should test smaller accounts, use discounts, and monitor X feedback ( @SpiceProp ) before committing in 2025, balancing its vibrant features against operational risks.
