PropShop Trader Review: Hidden Fees & Profit Splits Exposed

PropShop Trader review sites showcase exceptional profit splits that reach up to 90% for their best performers. The platform has emerged as one of the most discussed names in the propshop space, attracting traders who want funded accounts ranging from $50,000 to $500,000. Their Path 2 Prop program guides traders through three distinct phases. The program starts with the Warrior Phase evaluations, moves to the Gladiator Phase with simulated trading and real payouts, and ends up with live accounts for real prop trading.

PropShop Trader reviews often praise the platform's transparency and flexibility. However, many traders don't know about specific rules that could affect their success. The Warrior Phase requires traders to hit assigned profit targets while following strict risk parameters, including maximum trailing drawdown and position sizing. The Gladiator Phase adds another layer with its 40% consistency rule - no single day's net realized profit can exceed 40% of your total realized profit since your last approved payout. Traders looking to start their journey can use the coupon code "FTPDEAL" to get 80% off Warriors and up to 40% off Instant Gladiators.
 

How PropShop Trader’s 3-Phase System Works
 

PropShop Trader uses a well-laid-out three-phase system to assess, train and reward successful traders. Traders must show their skills before they can access larger capital amounts. Each phase comes with specific requirements and benefits that help traders maximize their earnings.
 

Warrior Phase: Simulated Evaluation with Risk Rules
 

The Warrior Phase lets traders prove their discipline and show how well their strategies work. Traders work in a simulated environment to hit specific profit targets while following strict risk management rules. Account sizes range from $50,000 to $500,000, with profit targets set between 8-10% of the account value. The platform limits daily drawdowns to 4% and overall account drawdowns to 8%. Position sizing rules keep traders from over-leveraging by capping positions at 1-2% of account equity. Traders can speed up their PropShop experience by using the coupon code "FTPDEAL" to get 80% off Warrior Phase accounts.
 

Gladiator Phase: Paid Sim Account with Real Payouts


Successful completion of the Warrior Phase moves traders to the Gladiator Phase - a big step where they can withdraw actual profits. Gladiators earn real money through a 70% base profit split while trading on a simulation platform. New rules apply here, especially about consistency. No single trading day can make up more than 40% of the total profit. Traders need to stay active and complete at least 10 trading days in each 12-week evaluation period. Experienced traders who feel ready can jump straight to "Instant Gladiator" accounts and skip the Warrior Phase. These accounts are available at up to 40% off with the "FTPDEAL" coupon.
 

Real Prop Phase: Live Capital and Scaling Opportunities


The Real Prop Phase is where traders get access to live capital and better profit-sharing deals. Traders who meet all Gladiator requirements receive funded accounts with real capital that matches their evaluation account size. Profit splits start at 70% and can go up to 90% based on how well and consistently traders perform. Traders can boost their account size by 25% after every three profitable months in a row. Accounts can grow up to $2 million, which gives successful traders a chance to earn substantial profits.
 

Profit Splits Explained: From 70% to 90%
 

PropShop Trader's profit-sharing model is a major attraction for traders who want competitive compensation. Many competitors offer static splits, but PropShop uses a progressive structure that rewards consistent performance and time with the firm.
 

Gladiator Phase: 70% Base Split
 

Traders start earning real money in the Gladiator Phase with a substantial 70% base profit split. This split works for traders who moved up from the Warrior Phase or joined through an Instant Gladiator account. You can get up to 40% discount using coupon code "FTPDEAL". The firm processes weekly payouts quickly, usually within 1-3 business days after approval. Traders can ask for withdrawals from Saturday through Sunday 5:00 PM Eastern time. Weekly caps limit these withdrawals based on account size - a $50K account lets you withdraw up to $1,250 per week.
 

Real Prop Phase: Up to 90% for Top Performers
 

Traders who show they can make steady profits move up to the Real Prop Phase where profit splits get much better. Top traders can earn up to 90% of their profits, making PropShop one of the most generous firms out there. The best part? Weekly payout caps disappear when you reach this phase. You trade with live corporate capital instead of simulated accounts, which gives you real market experience and better pay.
 

How the 12-Week Risk Assessment Affects Splits
 

Moving from Gladiator to Real Prop usually takes a 12-week risk assessment period. PropShop looks at your trading patterns, risk management, and overall profitability during this time. Exceptional traders might get promoted early, while others stay in the Gladiator Phase until they meet the requirements. This assessment helps PropShop find traders who can handle larger capital amounts and deserve better profit splits. Your consistent performance during this period is vital to reach the 90/10 split structure.
 

Hidden Rules That Affect Your Payouts
 

PropShop Trader has several rules you need to know about that can affect your earnings by a lot. Knowing these rules before you start helps you avoid delays or rejections that many traders face with their payouts.
 

The 40% Consistency Rule
 

You need balanced performance at PropShop Trader instead of relying on big profit days. The 40% consistency rule states that your profit from any single day can't be more than 40% of your total profits. To name just one example, see what happens with $10,000 in total profits - your highest-earning day must stay below $4,000. Breaking this rule won't close your account, but it stops you from withdrawing funds until you trade more days to lower that percentage. You should plan your strategy to spread profits across multiple sessions rather than chase occasional big wins.
 

Minimum Trading Days Requirement
 

PropShop wants you to stay active even if you hit profit targets quickly. You must complete at least 10 trading days before your first three withdrawals from Cash accounts. This requirement goes away after three successful withdrawals. The platform uses this rule to assess consistency and stops traders from depending on occasional big wins instead of showing green practices.
 

Profit Carry-Forward Rule


The platform uses a profit carry-forward system between payout periods. Your account might roll back to its previous balance if you break any rules. This approach rewards disciplined trading but ensures you keep most of your progress even with minor rule breaks.
 

Account Status During Payout Review


Trading stops temporarily when you request withdrawals as your account goes through review. New traders should know that PropShop resets accounts during payout approval. You need to plan your trading schedule around predicted payout periods to keep performing well.


Common Reasons for Payout Rejection
 

Your payout might get rejected because of:

  • Breaking the 40% consistency threshold
  • Not meeting minimum trading day requirements
  • Trading during restricted news events
  • Using different position sizes between trading sessions
  • Using unauthorized trading algorithms or copy trading
     

New traders can save 80% on Warrior accounts with coupon code "FTPDEAL" and get up to 40% off Instant Gladiator accounts.
 

Who Should Use PropShop Trader?
 

PropShop Trader stands out from other prop firms by welcoming traders of all styles. The platform works well with different trader profiles, experience levels, and trading approaches.
 

Traders Who Prefer Structured Evaluation


PropShop's Warrior Phase attracts traders who want a systematic path to funded trading. This evaluation creates real market conditions and builds disciplined trading habits. The process serves as both a test and learning environment. Traders learn systematic risk management - a vital skill since only 12.4% of all Trading Combines succeeded from January through December 2024. New prop traders can get 80% off Warrior accounts with coupon code "FTPDEAL", which makes this learning opportunity available to more people.
 

Experienced Traders Using Instant Gladiator


PropShop's Instant Gladiator Program appeals to seasoned market players. It gives direct access to funded accounts without any evaluation tests. This option suits traders who are "confident in their trading abilities" and want immediate payouts. Statistics show 46.6% of participants in a Trading Combine reached the Funded Level. Experienced traders can boost their success odds by starting at this advanced level. The "FTPDEAL" coupon offers up to 40% discount.
 

Scalpers and News Traders


PropShop welcomes both scalping and news trading strategies, unlike many other prop firms. Most firms limit trading during major economic announcements. This flexibility gives event-driven traders a big advantage. The platform allows high-frequency approaches while keeping sensible risk limits.
 

Manual vs Algorithmic Traders
 

PropShop works well for both discretionary and automated trading approaches. Manual traders enjoy clear rules and easy-to-use platforms that support their judgment and analysis. Algorithmic traders get advanced tools like Tickblaze to run systematic strategies through programmed systems. Since algorithmic trading has become "predominant" across the industry, PropShop's support for both methods lets traders use their preferred approach.
 

Conclusion


PropShop Trader stands out in the funded trading world with its three-phase system and generous profit splits. Traders can benefit from a well-laid-out approach that builds skills step by step while offering real money-making opportunities. The platform's profit-sharing model goes up to 90% for top performers, making it one of the most competitive deals you'll find.

The path to success on PropShop Trader depends on some key rules that many standard reviews don't mention. A 40% consistency rule stops single-day wins from making up too much of your total profits. You also need to trade regularly instead of now and then. This means traders should create balanced strategies that spread profits across multiple sessions.

The platform works great for different types of traders. Newcomers love the learning structure in the Warrior Phase. Experienced traders can jump straight to the Gladiator Phase to start earning right away. The platform gives both scalpers and news traders more freedom than most other platforms.

PropShop Trader combines structure, flexibility, and earning potential in a way that rewards disciplined traders. New users should grab the "FTPDEAL" coupon code to get 80% off Warrior accounts and up to 40% off Instant Gladiator programs. The platform has specific rules about payouts, but these rules encourage good trading habits and reward steady performance - exactly what sets successful funded traders apart from everyone else.
 

Key Takeaways


PropShop Trader offers a unique 3-phase system with competitive profit splits, but success requires understanding hidden rules that can impact your earnings.
 

• Progressive profit splits from 70% to 90% reward consistent performance, with Real Prop Phase traders earning up to 90% of profits without weekly withdrawal caps.

• The 40% consistency rule prevents any single trading day from exceeding 40% of total profits, requiring balanced performance across multiple sessions.

• Minimum 10 trading days required before first three
 

FAQs


Q1. What is PropShop Trader's profit-sharing model? PropShop Trader offers a progressive profit-sharing model, starting at 70% in the Gladiator Phase and potentially increasing up to 90% for top performers in the Real Prop Phase.
 

Q2. How does the 40% consistency rule work? The 40% consistency rule states that no single trading day's profit can exceed 40% of your total accumulated profits. This rule encourages balanced performance across multiple trading sessions.
 

Q3. Are there minimum trading requirements at PropShop Trader? Yes, traders must complete at least 10 trading days before requesting their first three withdrawals from Cash accounts. This requirement helps evaluate consistency and sustainable trading strategies.
 

Q4. Can I use scalping or news trading strategies on PropShop Trader? Yes, PropShop Trader explicitly welcomes both scalping and news trading strategies, offering more flexibility compared to many other prop firms that restrict these approaches.
 

Q5. Is PropShop Trader suitable for both manual and algorithmic traders? PropShop Trader accommodates both manual and algorithmic traders. It provides transparent rules and intuitive platforms for discretionary traders, while also supporting advanced tools like Tickblaze for algorithmic trading strategies.