SpiceProp

SpiceProp is an international prop trading platform founded in 2023. The company offers 1, 2, and 3-phase challenges, as well as Hot-Seat, Instant Funding, and Instant Scaling programs.

SpiceProp

Prop firms

SpiceProp

Name: SpiceProp — €15000
Brand: SpiceProp
SKU: 15000-799794
Price: 60.00 EUR
Availability: InStock

Country

St. Lucia

Website

my.spiceprop.com

Founded

2023

years in market

3 years

Views

4.1

★★★★★

i0 reviews

SpiceProp — Firm Details

About Company

SpiceProp is an international platform for trader evaluation and prop trading, founded in October 2023. The company offers traders various formats of simulated trading programs designed to assess trading discipline, risk management, consistency, and trading performance. The SpiceProp lineup includes 1, 2, and 3-phase challenges, as well as Hot-Seat, Instant Funding, and Instant Scaling programs. The initial simulated account size depends on the chosen program and can reach €300,000. Under the scaling program, the maximum allocation can increase to €2,000,000. The main tradable asset classes available are Forex, indices, metals, commodities, stocks, ETFs, and cryptocurrencies. The maximum standard leverage reaches 1:100. The primary trading platform is MetaTrader 5, with a Web Terminal also available. Depending on the program, news trading, holding positions overnight and over the weekend, swing trading, and the use of Expert Advisors (EA) are permitted, subject to compliance with risk management and trading behavior rules. The trader's profit split depends on the chosen program and can reach 90%. Payout frequency depends on the program: the standard cycle is 14 days, while a faster 7-day cycle is available for certain programs. Trading is conducted in a simulated environment using market data. SpiceProp does not provide investment services to clients and does not accept client funds for investment management.

Firm Overview

Platforms:

MetaTrader 5Web Terminal

Markets:

ForexCryptoIndicesStocksMetalsCommodities

Payment Methods:

Credit CardDebit CardCrypto

Demo Account:

Available

Instruments and Assets

Forex

EURUSD, GBPUSD, USDCHF, USDJPY, USDCAD, и т.д.

Crypto

AAVUSD, ADAUSD, ALGUSD, ALIUSD, ANKUSD, и т.д

Stocks

AAL, AAPL, ABBV, ABNB, ABT, и т.д.

Indices

GER40, FRA40, UK100, CH20, HK50, и т.д.

Commodities

Cocoa, Coffee, Sugar

Metals

Available for trading

Leverage

Crypto

1:5

Forex

1:100

Indices

1:100

Metals

1:100

Stocks

1:5

Leverage determines the position size you can open relative to your balance. Higher leverage increases both potential profit and risk.

Commissions

CategoryCommission

Commodities

from $4 per lot

Crypto

from 0.1%

Energies

from $4 per lot

Forex

from $4 per standard lot

Indices

from 0.004%

Metals

from $13 per standard lot

Stocks

0,006%

Commissions are charged for trade execution. Some instrument categories are commission-free — the cost is already included in the spread.

News

Official trading rules and prohibited practices

Risk management:

Maximum risk per trading idea — 2% of the initial balance.
Positions in the same instrument and in the same direction may be considered as one trading idea.
Correlated positions cannot be used to bypass the risk limit.
Daily Drawdown and Maximum Drawdown depend on the specific challenge.
Consistency Rule:
Standard rule — 30%.

More than 30% of total profit generated in a single day or within a single exposure may result in a payout delay until the required consistency of results is restored.
Special regional exception: 25% only for traders from Vietnam and Republic of Korea.
Allowed styles:
manual trading;
Expert Advisors / EA;
overnight trading;
weekend holding;
news trading;
swing trading.
Prohibited practices:
external copy trading;
copying trades of other traders;
copying third-party signals;
copying trades between multiple funded accounts;
using correlated instruments to bypass risk limits;
latency arbitrage;
exploitation of quote errors or technical platform errors;
manipulative trading strategies;
other forms of abuse of the trading infrastructure.

Challenges

Terms, schedule and withdrawal methods

Main requirements:• pass KYC;

comply with risk management rules;
comply with the Consistency Rule;
have the required number of profitable trading days;
have the required realized profit;
comply with trading activity rules.
For a standard Funded Account:

minimum 4 profitable trading days;
a profitable day is +0.5% or more;
minimum realized profit is €100;
compliance with KYC and other program rules.
Frequency:
standard programs — every 14 days;
individual programs — every 7 days;
for some programs, the Fast Withdrawal Add-on is available.
Processing:
after approval — usually within 24 business hours;
manual audit — up to 7 calendar days.
Payouts are made in cryptocurrency to a crypto wallet registered in the trader's name.