Welcome to Propel Capital Review, where readers will discover a comprehensive analysis of the firm’s offerings, including key features, advantages, and potential drawbacks. Propel Capital stands out as a pioneering platform for traders seeking to prove their skills and access funding through simulated trading. Established with the goal of transforming the trading landscape, Propel Capital combines innovative evaluation methods with a strong community focus to support traders at all levels.
Now, let’s delve into Propel Capital Review…
CEO, Location, and Company Overview
Mitchell Ali serves as the CEO of Propel Capital, leading the firm with a vision to revolutionize the prop trading industry. Under his guidance, Propel Capital has quickly established itself as a forward-thinking prop trading firm dedicated to enhancing the trading experience for all levels of traders.
Headquartered in the United Kingdom, Propel Capital is strategically positioned to cater to a global audience. The firm’s location supports its mission to foster international trading relationships and maintain a significant presence in the global financial markets.
Founded in 2024, Propel Capital has swiftly gained recognition for its innovative approach to prop trading. The company was created with the goal of providing traders with a comprehensive platform that enhances their trading skills while fostering a supportive community.
Propel Capital is committed to understanding and addressing the needs of traders. The firm’s cutting-edge prop trading platform offers a range of tools and solutions designed to improve trading strategies and achieve financial success. Propel Capital is dedicated to building a thriving trading community by offering the best conditions for traders to test their strategies and connect with like-minded individuals. Whether you are an experienced trader or just starting out, Propel Capital emphasizes collaboration and community, aiming to create an environment where traders can succeed and maximize their profits.
Evaluation Accounts
Propel Capital offers various evaluation accounts designed to assess traders’ skills through simulated trading environments. Each account has specific parameters and requirements:
| Account Type | Simulated Funds | Entry Fee | Profit Target (Phase 1) | Profit Target (Phase 2) | Maximum Daily Loss | Maximum Total Loss | Performance Fee | Evaluation Duration (Days) |
| Starter | 10000 | 99 | 8 | 5 | 4 | 8 | 80 | 14 |
| Standard | 25000 | 199 | 8 | 5 | 4 | 8 | 80 | 14 |
| Advanced | 50000 | 299 | 8 | 5 | 4 | 8 | 80 | 14 |
| Pro | 100000 | 499 | 8 | 5 | 4 | 8 | 80 | 14 |
Key Points:
- Profit Target: Traders must achieve an 8% profit in Phase 1 and a 5% profit in Phase 2.
- Maximum Daily Loss: Limited to 4% of the account balance.
- Maximum Total Loss: Limited to 8% of the account balance.
- Performance Fee: Traders retain 80% of the profits upon successful completion.
- Evaluation Duration: Each phase has no fixed duration, allowing unlimited calendar days for completion.
That being said, let’s take a more detailed look at the account types:
The 10K evaluation account at Propel Capital:
| Account Type | Phase | Profit Target | Max Daily Loss | Max Total Loss | Trading Days | Minimum Trade Duration | Trade Costs | Evaluation Fee |
| 10K | Phase 1 | 8% | 4% | 8% | Unlimited | 2 mins | $5 in and out | $49 |
| 10K | Phase 2 | 5% | 4% | 8% | Unlimited | 2 mins | $5 in and out | $49 |
| 10K | Funded | – | 4% | 8% | Unlimited | 2 mins | $5 in and out | – |
This table presents the various phases of the 10K evaluation account, including profit targets, loss limits, trading conditions, and associated costs.
The 25K evaluation account at Propel Capital:
| Account Type | Phase | Profit Target | Max Daily Loss | Max Total Loss | Trading Days | Minimum Trade Duration | Trade Costs | Evaluation Fee |
| 25K | Phase 1 | 8% | 4% | 8% | Unlimited | 2 mins | $5 in and out | $99 |
| 25K | Phase 2 | 5% | 4% | 8% | Unlimited | 2 mins | $5 in and out | $99 |
| 25K | Funded | – | 4% | 8% | Unlimited | 2 mins | $5 in and out | – |
This table outlines the details for the 25K evaluation account, including the specific conditions for each phase, trading requirements, and fees.
The 50K evaluation account at Propel Capital:
| Account Type | Phase | Profit Target | Max Daily Loss | Max Total Loss | Trading Days | Minimum Trade Duration | Trade Costs | Evaluation Fee |
| 50K | Phase 1 | 8% | 4% | 8% | Unlimited | 2 mins | $5 in and out | $299 |
| 50K | Phase 2 | 5% | 4% | 8% | Unlimited | 2 mins | $5 in and out | $299 |
| 50K | Funded | – | 4% | 8% | Unlimited | 2 mins | $5 in and out | – |
This table details the evaluation and funded phases for the 50K account, including profit targets, loss limits, trading days, and costs.
The table for the 100K evaluation account at Propel Capital:
| Account Type | Phase | Profit Target | Max Daily Loss | Max Total Loss | Trading Days | Minimum Trade Duration | Trade Costs | Evaluation Fee |
| 100K | Phase 1 | 8% | 4% | 8% | Unlimited | 2 mins | $5 in and out | $299 |
| 100K | Phase 2 | 5% | 4% | 8% | Unlimited | 2 mins | $5 in and out | $299 |
| 100K | Funded | – | 4% | 8% | Unlimited | 2 mins | $5 in and out | – |
This table outlines the details for each phase of the 100K evaluation account, including profit targets, loss limits, trading requirements, and associated costs.
Steps to get funded:
- Register with Propel Capital
- To begin, traders must register on the Propel Capital platform. They should select a trading challenge that aligns with their trading style and risk preferences, and proceed with the payment via the ‘Get Funded’ button to initiate the evaluation process.
- Purchase an Evaluation
- Traders will then purchase an evaluation account. The objective is to demonstrate their trading skills by meeting the profit targets specified in the chosen challenge. Their performance will be evaluated based on their ability to achieve these targets while adhering to Propel Capital’s trading rules.
- Test Skillset
- During the evaluation, traders must showcase their trading abilities within the simulation environment. They are required to achieve profitability and manage risk effectively. Additionally, they must complete the KYC (Know Your Customer) process to verify their identity, which is crucial for moving forward in the funding process.
- Achieve Funding and Access Performance Fees
- Upon successfully passing the evaluation and completing the KYC process, traders will gain access to their funded Propel account. They can then start trading with real simulated capital and earn performance fees based on the profits generated from their trading activities.
Scaling Plan:
Propel Capital offers a structured scaling plan that allows traders to increase their trading capital upon meeting specific performance metrics. The key features of the scaling plan are:
- Maximum Virtual Capital Growth: The scaling plan allows for a maximum virtual capital growth of up to $2 million.
- Eligibility for Scaling: Traders who achieve a 10% increase in their current virtual capital balance can request scaling. This request must be made at the withdrawal stage.
- Performance Fee: Traders receive an 80% performance fee based on the profits made at each scaling level.
Account Scaling Example:
| Scale | Starting Virtual Capital | Gain (10% of Initial Balance) | New Virtual Capital Balance | Performance Fee | Max Lot Size Increase |
| 1st | $100,000 | $10,000 | $110,000 | $8,000 | None |
| 2nd | $110,000 | $10,000 | $120,000 | $8,000 | 10% Increase |
Process: To request scaling, traders need to indicate their intention in the ‘Reason/Notes’ section of the Performance Fee Request. An email should also be sent to support@propelcapitalgroup.co.uk. The request will be processed within 24-48 business hours.
Additional Note: After scaling, the account must undergo a minimum of 5 trading days before the first Performance Fee is applicable.
Platforms and Instruments
Trading Platform:
- Platform: cTrader
- Features: Provides access to a range of trading tools and functionalities.
Tradable Assets:
- Forex (FX)
- Commodities
- Indices
- Cryptocurrency
Expert Advisors (EAs) and High-Frequency Trading:
- Expert Advisors (EAs): Not allowed.
- High-Frequency Trading: Prohibited.
Trading Restrictions:
- Copy Trading: Allowed only under strict conditions.
- Permitted: Copy trading from external accounts with proof of ownership. Copy trading between two Propel Capital Group accounts is also allowed.
- Prohibited: Copy trading from other groups or replicating trades from other traders. Such activities are considered Group Trading and are not allowed.
Broker and Technical Details
- Broker: Taurex
- Role: Exclusive provider of simulated institutional trading environments.
- Capabilities Provided:
- Institutional Trading Experience: Mimics extensive institutional trading conditions.
- Liquidity: Prime or prime liquidity.
- Execution: Ultra-low latency with a targeted execution time of less than 30 milliseconds.
- Spreads: Raw spreads starting from 0.1 pips.
- Commission: Commission-free trading on indices.
Trading Policy
Propel Capital enforces a set of policies to ensure disciplined and responsible trading:
Daily Loss Limit
- Maximum Daily Loss: 4% of the account balance.
Strategy Restrictions
- Prohibited Strategies:
- High-risk strategies such as grid trading, martingale, and high-frequency trading.
- Arbitrage trading.
- Latency trading.
- Reverse trading/group hedging.
Compliance and Management
- Account Management: All accounts and trades must be executed by the trader named on the account.
- Expert Advisors (EAs): Use of EAs and high-frequency trading bots is strictly prohibited and will lead to account closure.
User Reviews:
Propel Capital Group has received a mix of user reviews, resulting in an overall rating of “Great.”
Traders have shared their experiences with the platform, highlighting aspects such as the supportive community and the structured evaluation process. While many users have expressed satisfaction with the opportunities provided, opinions vary, and some traders have encountered challenges.
These reviews offer valuable insights for those considering Propel Capital, helping them to make an informed decision based on others’ experiences.
Customer Support
For general inquiries and support, traders can reach out to Propel Capital via email at support@propelcapitalgroup.co.uk. Support is available on weekdays from 08:00 to 20:00 GMT.
- Support Ticket: Traders can submit support tickets through the Propel Capital Discord channel. This option provides 24/7 support, though responses may be delayed on weekends.
- Live Chat: Live chat support is available during weekdays only. Note that live chat is not monitored during weekends, so any queries sent outside of business hours may not receive an immediate response.
Accessibility:
- Global Reach: Propel Capital operates in over 150 countries, making its services widely accessible to traders around the world. However, it is important to note that some regional restrictions may apply based on local regulations and compliance requirements.
- Regional Restrictions: While the firm strives to offer its platform globally, specific regions may face limitations due to regulatory constraints or other factors. Traders are encouraged to check the availability of services in their respective countries to ensure compliance with local regulations.
Conclusion
Propel Capital, established in 2024 and based in the UK, offers a unique prop trading platform tailored to both novice and seasoned traders. With evaluation accounts ranging from $10,000 to $100,000, traders can showcase their skills and earn funding based on performance. The firm uses Taurex as its broker, providing a high-quality trading environment with raw spreads and low latency.
Traders benefit from up to 70:1 leverage, performance fees, and a scaling plan for increased capital. Propel Capital emphasizes community and support, offering assistance through various channels. Overall, Propel Capital is dedicated to fostering a thriving trading community and helping traders achieve success.
