Propr Rules

Propr runs on two equity limits, a max daily loss and a max drawdown, active at all times on every account, evaluation or funded. Both are equity-based, meaning floating P&L on open positions counts. Touch either limit and the account breaches immediately and permanently, no soft breach, no grace period, no appeals.

Max Daily Loss

3% of your start-of-day balance on 1-Step accounts, 5% on 2-Step. Recalculated every day at 00:00 UTC from your latest balance snapshot, so the dollar limit shrinks if you're drawing down and grows if you've banked realized profit.

Max Drawdown

On 1-Step accounts it's a static floor set once at account creation and never moves: 6% below starting balance on Classic, 3% on Turbo, 5% on Pro. On 2-Step accounts it trails your high-water mark upward (including floating profit on open positions), never falls back down, and stops trailing once it reaches your starting balance. A payout resets the HWM and the limit back to starting balance.

Profit Target

Applies only to the evaluation. Classic 1-Step: 10%. Turbo 1-Step: 9%. Pro 1-Step: 12%. Classic 2-Step: 5% to clear Phase 1, 10% total from the original balance to clear Phase 2. No time limit, no minimum trading days on any model, you can pass in a single trade.

What's Not Restricted

No consistency rule, no profit cap, no news trading restriction, no weekend holding restriction, no mandatory stop-loss, no risk-per-trade rule, no strategy restriction (scalping, swing, grid all permitted), no EA/bot restriction, and copy trading is permitted, including between your own Propr accounts.

Leverage by Asset

Leverage is applied automatically per instrument and can't be changed by the trader, and using the max isn't required.

Prohibited Conduct

Exploiting platform bugs, sharing or selling an account, and identity fraud all result in immediate termination. On top of that, Propr specifically prohibits farming and gaming the evaluation model: opposite hedging across your own Propr accounts, hedging against external CEX/DEX accounts, coordinating trades with other traders, cycling evaluations as maximum-risk binary bets, exploiting the payout/drawdown interaction, latency arbitrage, and wash trading. Within a single account, trading strategy itself isn't restricted, hedging as a strategy is fine, it's cross-account and cross-venue hedging used to game the system that's banned.

Identity Verification

Not required to register or start trading. Required before your funded account activates, and before any payout processes. A government ID and a live selfie, typically verified within minutes, no proof of address needed.

Restricted Countries

Propr cannot serve residents of Bangladesh, Belarus, Burkina Faso, Central African Republic, Congo, Cuba, Ethiopia, Haiti, Iran, Iraq, Kazakhstan, Kyrgyzstan, Lebanon, Libya, Mali, Myanmar, Nigeria, North Korea, Pakistan, Russia, Somalia, South Sudan, Sudan, Syria, Tajikistan, Turkmenistan, Uzbekistan, Venezuela, Yemen, Zimbabwe, or Crimea, Donetsk and Luhansk in Ukraine, or any OFAC-sanctioned jurisdiction. Accessing via VPN from a restricted country still results in immediate termination with no refund.

Account Limits

Up to $300,000 in aggregate funded balance across all your accounts, plus as many evaluation accounts as you want on top of that.

Fees

The one-time evaluation fee is non-refundable once the account activates, regardless of outcome. Standard Hyperliquid trading fees pass through at cost with no markup, and perpetual funding rates apply automatically like any perp position. No monthly, inactivity, data, platform, or withdrawal fees.

Execution Model

Propr uses a hybrid A-book/B-book model: some trades route to Hyperliquid and execute on-chain, others are recorded internally as a book entry. Propr chooses which at its own discretion per trade, but the P&L outcome to you is identical either way, and every trade on your dashboard is labeled with which method was used.