Reviewed by PropFirm201 Research Team·At a Glance
Prop Number One Homepage
Pricing & Challenge Types
2-Step Challenge
2 phases · 80% profit split · Scaling available
| Account Size | Price | Target P1 | Target P2 | Daily Loss | Max DD |
|---|---|---|---|---|---|
| $7,000 | $47 | 8% | 5% | 5% | 10% |
| $17,000 | $89 | 8% | 5% | 5% | 10% |
| $27,000 | $129 | 8% | 5% | 5% | 10% |
| $50,000 | $219 | 8% | 5% | 5% | 10% |
| $100,000 | $399 | 8% | 5% | 5% | 10% |
| $200,000 | $699 | 8% | 5% | 5% | 10% |
| $300,000 | $999 | 8% | 5% | 5% | 10% |
Prop Number One Plans Page
Pros & Cons
Pros
- Competitive pricing starting at just $47 (with discounts)
- Backed by Alvar Finance broker (Gibraltar-regulated)
- 90% of Trustpilot reviews are 5-star ratings
- No time limits on evaluation phases
- Accounts up to $300,000
Cons
- Only one challenge type (2-step evaluation)
- Very new firm launched in 2024
- No 1-step or instant funding options
- MT5 only with no alternative platforms
- Gibraltar-regulated broker backing may have limited oversight scope
Trading Rules
About Prop Number One
Prop Number One is a proprietary trading firm launched in 2024 and based in Gibraltar. The firm offers a straightforward 2-step evaluation program with funded account sizes ranging from $7,000 to $300,000. Prop Number One is backed by Alvar Finance, a broker regulated by the Gibraltar Financial Services Commission.
The firm takes a minimalist approach, offering only one challenge type but at very competitive prices. With 90% of its Trustpilot reviews rated at 5 stars and pricing starting at just $47, Prop Number One targets budget-conscious traders looking for a simple path to funded trading.
How It Works
Prop Number One offers a single evaluation model:
2-Step Challenge:
- Phase 1: Reach an 8% profit target with a 5% daily loss limit and 10% maximum drawdown. Minimum 3 trading days with no maximum time limit.
- Phase 2: Reach a 5% profit target with the same risk parameters.
- Funded Account: Trade with an 80% profit split, scaling to 90%.
The challenge has no time limits and the fee is refundable upon first successful payout.
Pricing & Plans
| Account Size | Fee |
|---|---|
| $7,000 | $47 |
| $17,000 | $89 |
| $27,000 | $129 |
| $50,000 | $219 |
| $100,000 | $399 |
| $200,000 | $699 |
| $300,000 | $999 |
Prices shown include current discounts. Challenge fees are refundable upon first payout.
Rules & Restrictions
- Maximum Daily Loss: 5% of the account balance.
- Maximum Overall Loss: 10% of the initial account balance.
- Minimum Trading Days: 3 days per phase.
- Maximum Trading Days: No time limit.
- News Trading: Allowed.
- Weekend Holding: Not allowed.
- Expert Advisors: Allowed.
- Scalping: Allowed.
- Hedging: Allowed.
- Copy Trading: Not allowed.
Payouts
- Frequency: Bi-weekly (every 14 days).
- Profit Split: 80%, scaling to 90%.
- Methods: Bank transfer and cryptocurrency.
- Processing Time: 3-5 business days.
- Challenge Fee Refund: Included with first payout.
Is Prop Number One Legit?
Prop Number One shows positive early signs but has a limited track record:
- 4.5/5 Trustpilot rating with 90% 5-star reviews from approximately 200 reviews.
- Backed by Alvar Finance, a Gibraltar-regulated broker.
- Competitive pricing with the lowest challenge starting at $47.
- Launched in 2024, so the firm is still very new.
- Single challenge type limits options for traders who prefer different evaluation models.
The firm's Gibraltar regulation through its broker partner and positive early reviews are encouraging, but the limited operating history warrants caution.
FAQ
What is Prop Number One?
Prop Number One is a Gibraltar-based prop firm launched in 2024 offering 2-step evaluation challenges for funded accounts from $7,000 to $300,000, backed by the Alvar Finance broker.
How much does Prop Number One cost?
Challenge fees range from $47 for a $7,000 account to $999 for a $300,000 account. All fees are refundable.
What is Prop Number One's profit split?
Prop Number One offers an 80% profit split that scales to 90%.
Does Prop Number One offer 1-step challenges?
No, Prop Number One currently only offers a 2-step evaluation challenge.
Is Prop Number One available in the US?
Yes, Prop Number One accepts traders from the United States.