Hyperliquid-based perps prop firm with 1-Step and 2-Step evaluations from $5K to $200K and USDC payouts.
Founded
2026 (0 years)
Headquarters
Road Town, British Virgin Islands
CEO
Louis Regis
Max funding
$300K
Profit split
Up to 80%
Programs
1-step, 2-step
Trading permissions
NewsAllowed
EAsAllowed
CopyAllowed
OvernightAllowed
WeekendAllowed
Overview
Propr is a perpetual-futures prop firm built around Hyperliquid, run by Propr Limited, a British Virgin Islands company backed by SwissBorg; its public rulebook dates the launch to February 2026. Traders choose a Classic, Pro or Turbo 1-Step evaluation or a Classic 2-Step, in sizes from $5K to $200K, and trade more than 160 crypto, stock, index, commodity and FX perpetuals in Propr's own terminal, which fills simulated orders against the live Hyperliquid order book. Funded traders keep 80% of profit, paid on demand in USDC, with no consistency rule, time limit or minimum trading days. Up to $300K of funded capital can be held at once.
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Target ÷ loss is the total profit target divided by the max loss limit. Lower means less profit is needed for each unit of risk. Prices are list prices before discounts. Per $100K converts EUR and GBP at a fixed rate for ranking only.
Classic 1-Step
1-step
Account sizes
$5K to $200K
Price
$60 to $1,998
Drawdown
Static
Profit split
80%
Payouts
On demand
Minimum trading days
None
Time limit
None
Fee refunded
No
Payouts: on demand with no waiting period, a $20 minimum and all positions closed; each payout sweeps all profit and resets the balance to the starting amount.
The 6% maximum drawdown is fixed from the starting balance and never moves.
The 3% daily loss is a share of the balance at 00:00 UTC; both limits are checked against equity, including floating P&L.
The same limits carry over to the funded account, which has no profit target.
The evaluation passes automatically as soon as equity reaches the target, which can happen in one trade.
Pro 1-Step
1-step
Account sizes
$5K to $200K
Price
$45 to $1,399
Drawdown
Static
Profit split
80%
Payouts
On demand
Minimum trading days
None
Time limit
None
Fee refunded
No
Payouts: on demand with no waiting period, a $20 minimum and all positions closed; each payout sweeps all profit.
The 5% maximum drawdown is fixed from the starting balance; the 3% daily loss is set from the 00:00 UTC balance and checked against equity.
The rulebook's introduction and changelog do not mention Pro, but its fee and limit tables and the homepage both list it.
Turbo 1-Step
1-step
Account sizes
$5K to $200K
Price
$25 to $899
Drawdown
Static
Profit split
80%
Payouts
On demand
Minimum trading days
None
Time limit
None
Fee refunded
No
Payouts: on demand with no waiting period, a $20 minimum and all positions closed; each payout sweeps all profit.
The 3% maximum drawdown is fixed from the starting balance, the same size as the daily limit.
Turbo was added on 29 June 2026 according to the rulebook changelog.
Classic 2-Step
2-step
Account sizes
$5K to $200K
Price
$50 to $1,499
Drawdown
Equity trailing
Profit split
80%
Payouts
On demand
Minimum trading days
None
Time limit
None
Fee refunded
No
Payouts: on demand with no waiting period, a $20 minimum and all positions closed; each payout sweeps all profit.
Both targets are measured from the original starting balance and the balance carries over from Step 1, so Step 2 needs a further 5% (for example, grow $100K to $105K, then to $110K).
The 8% maximum drawdown trails the highest equity reached, including open profit, and stops once it reaches the starting balance; after a payout the high-water mark and floor reset to their opening levels.
The 5% daily loss is set from the 00:00 UTC balance and checked against equity.
Trading rules
What Propr lets you do on its accounts, taken from its rules and FAQ pages.
News trading
Allowed
Expert advisors
Allowed
Bots, AI agents and off-the-shelf systems are allowed through the REST API and SDKs, but Propr may limit automated trading that strains the platform.
Copy trading
Allowed
Copy trading is permitted, including between a trader's own accounts; coordinating offsetting trades with other traders is banned.
Overnight holding
Allowed
Weekend holding
Allowed
Rules to read before you buy
Opposite positions on the same or correlated assets across Propr accounts, or against accounts at other exchanges or prop firms, are banned.
Account cycling (buying evaluations to take all-or-nothing bets), latency arbitrage, wash trading, and timing payouts to game the 2-Step drawdown are prohibited.
Switching trading approach after passing, and strategies likely to trigger auto-deleveraging or extreme P&L swings, are not allowed.
Sharing accounts, or trading several accounts from one household, device or IP address, is prohibited.
Evaluation accounts are capped at $200,000 in total and funded accounts at $300,000 in total per trader.
Any breach is final: positions are closed and the account ends, with no resets or appeals.
Markets are the Hyperliquid perpetuals with more than $1M of open interest; leverage is fixed per asset class.
Funded trades are either routed to Hyperliquid (A-book) or recorded internally (B-book) at Propr's discretion, and each trade is labelled in the dashboard.
Funded accounts keep the rules in force when they were activated; rule changes are dated in a public changelog.
How the drawdown works
Static (Classic 1-Step, Pro 1-Step, Turbo 1-Step)
The loss limit is fixed at a set distance below your starting balance and never moves.
Equity trailing (Classic 2-Step)
The loss limit rises with your highest equity, including open profit, so it follows unrealised gains too.
Consistency rules
Classic 1-Step
None
Pro 1-Step
None
Turbo 1-Step
None
Classic 2-Step
None
Leverage and fees
Leverage
Propr leverage
BTC, ETH and SOL perpetuals
10x
Other crypto perpetuals
2x
Equity perpetuals
4x
S&P 500 and XYZ100 (Nasdaq)
10x
Other indices
5x
Gold, silver, WTI and Brent
8x
Other commodities
5x
FX perpetuals
25x
Commissions
Propr commissions
Crypto perpetuals
0.045% taker / 0.015% maker (Hyperliquid fees passed through without markup)
Equity, commodity and FX perpetuals
Fee schedule of the Hyperliquid HIP-3 market deployer, passed through without markup
Funding
Hyperliquid funding rates are credited or debited on open positions
List prices run from $25 for the $5K Turbo 1-Step account to $1,998 for the $200K Classic 1-Step account, before any discount.
What profit split does Propr pay?
80% on every account size and evaluation type, with no tiers or upgrades.. The highest split across its programs is 80%.
How often does Propr pay out?
On demand at any time, with no waiting period and no limit on the number of requests.. First payout: Any time after the funded account is active and KYC is complete, once profit reaches $20..
Does Propr allow news trading?
Allowed.
Can I use expert advisors (EAs) with Propr?
Allowed. Bots, AI agents and off-the-shelf systems are allowed through the REST API and SDKs, but Propr may limit automated trading that strains the platform.
Does Propr accept traders from the United States?
Yes. Propr's terms allow US residents to sign up. It does restrict 35 other countries, listed on this page.
Which platforms can I trade on with Propr?
In-house platform.
How long has Propr been operating?
Propr was founded in 2026 and is based in Road Town, British Virgin Islands. Its CEO is Louis Regis.
