Prop Number One is a Dubai-based proprietary trading firm that launched in 2024 and quickly positioned itself as one of the most transparent names in the industry. The firm offers traders access to up to $300,000 in virtual capital through a straightforward two-step challenge, with the unique benefit of paying out 100% of profits. What sets Prop Number One apart is its promise of same-day withdrawals, a monthly salary of up to $3,000 for consistent traders, and flexible rules that allow trading during news events, over weekends, and even with Expert Advisors. With operations supported by regulated broker Blue Chip Broker (FSCA, South Africa) and additional entities in Europe, Africa, and the UAE, Prop Number One combines global reach with trader-friendly policies. Positioned as a serious alternative to traditional prop firms, it appeals to traders who want fast payouts, clear rules, and maximum profit potential.
Prop Number One Challenge
Prop Number One offers both a 1-Step Challenge and a 2-Step Challenge, and the big takeaway is this: both models give traders a lot of operational freedom while keeping risk rules simple and consistent.
| Feature | 1-Step Challenge | 2-Step Challenge |
|---|---|---|
| Profit Target | 10% | 8% |
| Daily Drawdown | 4% | 4% |
| Max Drawdown | 6% (Eval), 8% (Funded) | 8% |
| Min Trading Days | 5 days | 5 days |
| Time Limit | None | None |
| Profit Split | 100% every 21 days | Standard funded payouts |
| News, Overnight, Weekend | Allowed | Allowed |
| EAs, Indicators | Allowed | Allowed |
| Copy Trading | Only between your own accounts | Same rule |
| DCA Entries | Up to 3 | Up to 3 |
1-Step Challenge
The 1-Step model is built for traders who want to reach a funded account quickly. You only pass one evaluation phase before becoming a funded trader.
Evaluation Phase – Step 1
- 10% profit target
- 6% maximum drawdown (balance)
- 4% daily drawdown (balance or equity)
- Minimum 5 active trading days
- “50% Trade Protection” and “50% Daily Protection” as part of their risk system
Funded Phase
- 100% profit split every 21 days
- 8% maximum drawdown (balance)
- 4% daily drawdown
- Minimum 5 active trading days
What you’re allowed to do
- Leverage 1:30
- EAs and indicators
- Trade during news
- Hold trades overnight and through weekends
- Trade from multiple personal devices
- Use a VPS + local trade copier between your own accounts
- Copy trading allowed between your own accounts (Prop Number One or retail)
- Up to 3 DCA entries allowed
- Occasional trades under 1 minute are fine as long as your average trade duration stays above 1 minute
2-Step Pro Challenge
This version adds an extra layer of evaluation but keeps the trading conditions nearly identical to the 1-step option.
Evaluation Phase – Step 2 Pro
- 8% profit target
- 8% maximum drawdown (balance)
- 4% daily drawdown (equity)
- Minimum 5 active trading days
- No time limit
What you’re allowed to do
Everything permitted in the 1-Step Challenge also applies here:
- Overnight and weekend holding
- News trading
- EAs, indicators, and custom setups
- Copy trading only between your own accounts
- Local copier on VPS
- Multi-device trading
- Trades under 1 minute allowed occasionally
- Up to 3 DCA entries allowed
- Stop-loss not required
- Unlimited time to finish both phases
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