Reviewed by PropFirm201 Research Team·At a Glance
Pricing & Challenge Types
2-Step Challenge
2 phases · 80% profit split · Scaling available
| Account Size | Price | Target P1 | Target P2 | Daily Loss | Max DD |
|---|---|---|---|---|---|
| $5,000 | $65 | 8% | 5% | 5% | 10% |
| $10,000 | $99 | 8% | 5% | 5% | 10% |
| $25,000 | $199 | 8% | 5% | 5% | 10% |
| $50,000 | $349 | 8% | 5% | 5% | 10% |
| $100,000 | $549 | 8% | 5% | 5% | 10% |
| $200,000 | $999 | 8% | 5% | 5% | 10% |
1-Step Challenge
1 phase · 80% profit split · Scaling available
| Account Size | Price | Target P1 | Daily Loss | Max DD |
|---|---|---|---|---|
| $5,000 | $79 | 10% | 4% | 6% |
| $10,000 | $119 | 10% | 4% | 6% |
| $25,000 | $229 | 10% | 4% | 6% |
| $50,000 | $399 | 10% | 4% | 6% |
| $100,000 | $599 | 10% | 4% | 6% |
| $200,000 | $1099 | 10% | 4% | 6% |
Pros & Cons
Pros
- Was one of the more affordable prop firms before closure
- Challenge fees started at $65
- Offered both 1-step and 2-step evaluations
- EAs and news trading were allowed
- Wide instrument selection
Cons
- CEASED OPERATIONS -- website displays 521 error since mid-2025
- OSC (Ontario Securities Commission) issued investor warning
- Numerous reports of unpaid profits and payout fraud
- Traders completed evaluations but never received funded accounts or payouts
- Suspected Ponzi scheme allegations from multiple traders
Trading Rules
About Forex Prop Firm
Forex Prop Firm (forexpropfirm.com) was a Canadian proprietary trading firm that has ceased operations. The firm's website has been inaccessible since approximately mid-2025, displaying a 521 error. Before its closure, the firm offered funded trading accounts through 1-step and 2-step evaluation challenges with prices starting at $65.
The Ontario Securities Commission (OSC) issued an investor warning in April 2025 stating that Forex Prop Firm was not registered in Ontario and lacked authorization to conduct securities transactions. Multiple traders have reported fraud, including completing evaluation programs but never receiving payouts, being unable to reach support, and having their accounts closed without explanation.
How It Works
Note: Forex Prop Firm has ceased operations. The information below describes programs as they existed before the firm shut down.
2-Step Challenge:
- Phase 1: 8% profit target, 5% daily loss, 10% max drawdown, 30-day limit.
- Phase 2: 5% profit target, same risk rules, 60-day limit.
- Funded account with 80% profit split.
1-Step Challenge:
- 10% profit target, 4% daily loss, 6% trailing drawdown, no time limit.
- Funded account with 80% profit split.
Pricing & Plans
| Account Size | 2-Step Fee | 1-Step Fee |
|---|---|---|
| $5,000 | $65 | $79 |
| $10,000 | $99 | $119 |
| $25,000 | $199 | $229 |
| $50,000 | $349 | $399 |
| $100,000 | $549 | $599 |
| $200,000 | $999 | $1,099 |
Warning: These fees are no longer recoverable as the firm has ceased operations.
Rules & Restrictions
- Maximum Daily Loss: 4-5% depending on challenge type.
- Maximum Overall Loss: 6-10% depending on challenge type.
- Minimum Trading Days: 5 days per phase.
- News Trading: Allowed.
- Weekend Holding: Not allowed.
- Expert Advisors: Allowed.
Payouts
All payouts have been suspended as the firm has ceased operations. Before the shutdown, the stated payout terms were:
- Bi-weekly payouts with an 80% profit split
- Bank transfer and cryptocurrency withdrawal methods
Is Forex Prop Firm Legit?
Forex Prop Firm is NOT legit and should be avoided. Key warning signs:
- Website down since mid-2025 with a 521 error.
- OSC investor warning issued in April 2025 for operating without registration or authorization.
- 1.5/5 Trustpilot rating from approximately 300 reviews, indicating widespread fraud complaints.
- Numerous fraud reports from traders who completed evaluations but never received payouts.
- Ponzi scheme allegations from multiple sources suggesting the firm paid early clients with funds from new participants.
- Support completely unreachable -- traders cannot contact the firm through any channel.
- Not regulated by any financial authority.
If you have been affected: Consider reporting losses to the Ontario Securities Commission, your local financial regulatory authority, and law enforcement.
FAQ
What happened to Forex Prop Firm?
Forex Prop Firm ceased operations in mid-2025. The website went offline, support became unreachable, and the Ontario Securities Commission issued an investor warning about the firm.
Can I still get my money back from Forex Prop Firm?
It is unlikely that traders will recover funds from Forex Prop Firm. Affected traders should file complaints with the Ontario Securities Commission and consider consulting with a legal professional.
Was Forex Prop Firm a scam?
Multiple indicators suggest fraudulent activity: the OSC investor warning, widespread payout failures, unreachable support, and Ponzi scheme allegations from traders.
Are there similar prop firms I should avoid?
Always verify a prop firm's legitimacy before investing by checking Trustpilot reviews, regulatory status, and payout history. Avoid firms with no verifiable track record or regulatory warnings.