PropW review

Crypto exchangeDubai, United Arab EmiratesFounded 2024Last verified 35 source pagesMethodology

PropW is a prop firm, founded in 2024, based in Dubai, United Arab Emirates. Markets: Crypto, Stocks, Commodities. Evaluation types: 1-step, 2-step. Published fees start at $15; account sizes run from $1K to $100K. Profit split: 80% up to 90%.

Visit site (opens PropW in a new tab)

No public discount code on the firm's site at last check.

Verdict

PropW scores 5.7/10, ranked #44 of 52. Its strongest area is rules (9.2, driven by drawdown, news, weekend and consistency rules); the weakest is track record (2.5). Best fit: crypto traders who want an exchange-style setup, news and swing traders. Missing inputs (trust) score 4/10 by rule.

For

  • Split can reach 90% (see scaling terms)
  • News trading allowed
  • Positions can be held over the weekend
  • Static drawdown: the floor does not climb with your equity
  • 3 platforms to choose from
  • Challenge fee refunded: Challenge entry fee refunded in full upon the first successful profit withdrawal
  • No time limit on the evaluation

Against

  • Has a consistency rule (check which phase it applies to)
  • No usable Trustpilot rating
  • Young firm, founded 2024

Rules at a glance

Challenge types
1-step, 2-step
Fees from
$15
Cheapest per $1K
$7.98
Account sizes
$1K, $5K, $10K, $15K, $25K, $50K, $100K
Profit target
5% + 10% (2-step) / 10% (1-step)
Daily loss limit
5% (2-step) / 4% (1-step)
Max drawdown
10% (8% on 50K/100K) 2-step / 6% 1-step
Drawdown type
static
Min trading days
3
Consistency rule
Best day ≤45% (2-step) / ≤40% (1-step) of cumulative net profit, checked at each withdrawal request
Account type
Crypto exchangePropW (backed by CoinW Group) sells 1-step/2-step evaluations traded on its own CoinW-built crypto perpetual-style terminal (USDT pairs, up to 5x, funding rates), not MT/futures platforms. Source
Markets
Crypto, Stocks, Commodities
Platforms
  • PropW web terminal
  • PropW mobile app (iOS/Android)
  • TradingView charts
Leverage
Up to 5x on all assets
Restricted countries
Mainland China, Hong Kong SAR, Iran, Iraq, Syria, Yemen, North Korea, Pakistan, Afghanistan, Myanmar, Cambodia, United States, Canada, Venezuela, Cuba, Nicaragua, Bolivia, Egypt, Libya, Tunisia, Algeria, Sudan, Ethiopia, Somalia, Mali, Zimbabwe, Ukraine (incl. Crimea, Donetsk, Luhansk), Netherlands
Trustpilot
No rating shown (65 reviews)

Fees by account size

One-time evaluation fee per program, as listed by the firm. The cheapest option at each size is marked.

AccountTwo-Step ChallengeOne-Step Challenge
$1K$15-
$5K$69-
$10K$99$149
$15K-$199
$25K-$299
$50K$399$499
$100K$799$999

Costs beyond the fee

Reset / retry
Not published
Fee refund
Challenge entry fee refunded in full upon the first successful profit withdrawal
Time limit
Unlimited (except 1K Two-Step: 15 days per phase)
Activation fee
Not published
Minimum payout
1 USDT
Scaling plan
Not published

Payout policy

Profit split
80% up to 90%
Split scaling
80% default; 90% for traders selected into the Elite Trader Development Program (discretionary review, e.g. 20%+ net profit 3 consecutive months)
Payout cycle
Every 14 calendar days; first withdrawal 14 days after the funded/training account is activated
First payout (days)
14
Payout methods
USDT credited to CoinW asset account
KYC before payout
Required

Trading conduct

News trading
Allowed
Weekend holding
Allowed
EAs / bots
Not published
Copy trading
Not allowed
Hedging
Not allowed
Max risk per trade
Evaluation: max margin per position 15,000 USDT (BTC/ETH) / 5,000 USDT (other pairs), total margin 200,000 USDT; ≥70% margin usage treated as high-risk 'all-in' behaviour
Inactivity rule
Training account suspended after 30 consecutive days without trading; reactivation request within 15 days or account may be closed

Programs

Two-Step Challenge 2-step

Profit target
Phase 1 5%, Phase 2 10%
Daily loss
5%
Max drawdown
10% (1K/5K/10K); 8% (50K/100K)
Profit split
80% (up to 90% via Elite Trader Development Program)
Min days
3

Drawdown static

AccountFeePer $1K
$1K$15$15
$5K$69$13.8
$10K$99$9.9
$50K$399$7.98
$100K$799$7.99

One-Step Challenge 1-step

Profit target
10%
Daily loss
4%
Max drawdown
6%
Profit split
80% (up to 90% via Elite Trader Development Program)
Min days
3

Drawdown static

AccountFeePer $1K
$10K$149$14.9
$15K$199$13.27
$25K$299$11.96
$50K$499$9.98
$100K$999$9.99

Is PropW legit?

Evidence level: Limited (1/6). Publishes 100% of the fields we track. The firm reports "Total Rewards $1.66M+" on its homepage (checked 31 Oct 2026). Full evidence check.

Complaints about PropW

Traders can report a payout, rule or refund problem with PropW. We check the evidence, give the firm 7 days to respond, and show the result here.

0Received
0Verified
0Resolved
0Unresolved

No verified complaints yet. Nothing has been reported to us about PropW so far.

Nothing counts against its PA Score from complaints right now. Only verified complaints the firm has not resolved within 7 days count, for 12 months.

Report a problemHow complaints work

Changelog

Last verified . Next full re-check due by (we re-verify every firm at least every 30 days).

Rule changes

DateFieldWasNow
ListingListingnoneAdded to PropAnalyse

Verification timeline

DateCheckDetail
Rules, fees and payout terms read19 pages on the firm's own site and its Trustpilot profile
Costs, refunds and payout methods checked8 help-centre / FAQ pages
Crypto trading terms checked8 pages
Account type recordedCrypto exchange, from the firm's product page
Homepage payout claims checkedFirm reports "Total Rewards $1.66M+"

All rule changes · RSS · Verification log

FAQ

What profit split does PropW pay?

PropW lists a profit split of 80% up to 90% (80% default; 90% for traders selected into the Elite Trader Development Program (discretionary review, e.g. 20%+ net profit 3 consecutive months)), per its website as of 2026-10-31.

How much is the cheapest PropW challenge?

The lowest published fee is $15 for a $1K account (Two-Step Challenge).

What are PropW's drawdown rules?

Daily loss limit: 5% (2-step) / 4% (1-step); maximum drawdown: 10% (8% on 50K/100K) 2-step / 6% 1-step (static).

How often does PropW pay out?

Payout cycle: Every 14 calendar days; first withdrawal 14 days after the funded/training account is activated. First payout eligible after 14 days.

Which platforms does PropW support?

PropW web terminal, PropW mobile app (iOS/Android), TradingView charts.

Can you trade the news with PropW?

Yes, news trading is allowed per the firm's rules.

Does PropW refund the challenge fee?

Challenge entry fee refunded in full upon the first successful profit withdrawal.

Is there a time limit on PropW challenges?

Unlimited (except 1K Two-Step: 15 days per phase).

Can you trade crypto with PropW?

Yes: execution on PropW in-house simulated trading engine built on CoinW infrastructure (web terminal + app, TradingView charts); help centre says orders are not routed to any external exchange; leverage Up to 5x on all pairs. Full crypto terms: propanalyse.com/crypto/propw/.

Is PropW legit?

We score firms on published data, not opinions. PropW has a PA Score of 5.7/10; it was founded in 2024. Check the rule history on this page for recent changes.

Embed PropW’s PA Score

Run PropW? Put this badge on your site. It is generated from our dataset, so it updates by itself whenever we re-verify, and it always shows the verification date. Embedding it, or not, never changes the score. Stars are the score divided by two.

PropW on PropAnalyse: PA Score 5.7/10
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PropW on PropAnalyse: PA Score 5.7/10, dark theme
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Sources

Every figure above was read from these pages on . Firms change rules often, so confirm before you buy.

  1. https://www.propw.com/en_US
  2. https://docs.propw.com/getting-started/propw-evaluation-packages-and-core-trading-rules
  3. https://docs.propw.com/propw-trading-rules/propw-evaluation-program-and-training-account-rules
  4. https://docs.propw.com/propw-trading-rules/withdrawal-rules-for-proprietary-fund-profits
  5. https://docs.propw.com/propw-trading-rules/propw-training-account-equity-and-scholarship-policy
  6. https://docs.propw.com/getting-started/propw-platform-eligibility-requirements-and-regional-restrictions
  7. https://docs.propw.com/propw-trading-rules/can-i-trade-news
  8. https://docs.propw.com/bills-and-payments/what-payment-methods-does-propw-support
  9. https://docs.propw.com/propw-trading-rules/propws-kyc-verification-rules
  10. https://docs.propw.com/propw-trading-rules/propw-abnormal-trading-supervision-standards-and-handling-measures
  11. https://docs.propw.com/propw-trading-rules/which-assets-can-be-traded-on-the-platform
  12. https://docs.propw.com/getting-started/propw-faq
  13. https://docs.propw.com/propw-trading-rules/notice-on-the-trading-mechanisms-of-the-propw-evaluation-program
  14. https://docs.propw.com/propw-trading-rules/propw-consistency-rule-explanation-why-do-we-have-the-consistency-rule
  15. https://www.propw.com/about-us
  16. https://www.propw.com/proof
  17. https://www.propw.com/affiliate-program
  18. https://docs.propw.com/announcement/propw-highlights/publish-your-docs
  19. https://www.trustpilot.com/review/propw.com
  20. https://docs.propw.com/propw-trading-rules/withdrawal-rules-for-proprietary-fund-profits
  21. https://docs.propw.com/getting-started/propw-evaluation-packages-and-core-trading-rules
  22. https://docs.propw.com/propw-trading-rules/propw-evaluation-program-and-training-account-rules
  23. https://docs.propw.com/propw-trading-rules/propws-kyc-verification-rules
  24. https://docs.propw.com/propw-trading-rules/propw-abnormal-trading-supervision-standards-and-handling-measures
  25. https://docs.propw.com/bills-and-payments/what-payment-methods-does-propw-support
  26. https://docs.propw.com/getting-started/propw-faq
  27. https://docs.propw.com/propw-trading-rules/propw-training-account-equity-and-scholarship-policy
  28. https://docs.propw.com/propw-trading-rules/which-assets-can-be-traded-on-the-platform
  29. https://docs.propw.com/propw-trading-rules/propw-evaluation-program-and-training-account-rules
  30. https://docs.propw.com/propw-trading-rules/propw-abnormal-trading-supervision-standards-and-handling-measures
  31. https://docs.propw.com/getting-started/propw-faq
  32. https://docs.propw.com/propw-trading-rules/notice-on-the-trading-mechanisms-of-the-propw-evaluation-program
  33. https://docs.propw.com/propw-trading-rules/withdrawal-rules-for-proprietary-fund-profits
  34. https://docs.propw.com/propw-trading-rules/propws-kyc-verification-rules
  35. https://www.propw.com/en_US

Data notes. 2-step prices verified on the live homepage package selector (1K list 15 USDT, currently promo 9 USDT / 40% OFF; 5K 69; 10K 99; 50K 399; 100K 799). 1-step prices from the help-centre package table (could not switch to the 1-step tab in headless browser). The 1K 2-step has a 15-day trading period per phase and a 500 USDT lifetime reward cap (account closes after). HourTrader is a separate hour-long game-style product (audition fee 5-500 USDT, 1-8h, 10,000 USDT sim balance, reward = fee × 2/5/10x multiplier), not a funded account, so excluded from fee_from. Evaluation fee is refunded in full on the first successful profit withdrawal. Prices quoted in USDT/$ interchangeably. All accounts are simulated (help centre: orders not sent to any external exchange), although the proof page claims execution on CoinW live markets. Homepage FAQ still says withdrawals every 7 days; current withdrawal rules say 14 days. Max position holding 10 days; trades closed <60s banned. Trustpilot left null: Trustpilot shows 'rating unavailable due to a breach of our guidelines, company displaying Trustpilot content in a misleading way' (65 reviews, 63% 5-star / 26% 1-star, only 2 in last 12 months). Recent promos: Halloween 100K Two-Step Express package $958 (Oct 27-28 2026).