PropXP

PropXP offers three challenge types: 2-Step, 1-Step, and Instant Funding. The 2-Step targets 8%/5% with a 4% daily drawdown and 8% static max drawdown, with a 40% consistency rule — no single day's profit can exceed 40% of total phase profit. The 1-Step requires 10% with a 4% daily and 8% static max, also with the 40% consistency rule. Instant Funding targets 6% (3% per cycle) with a 4% daily and 8% max, and a softer 20% consistency rule. All drawdowns are static — fixed from the starting balance, with no trailing mechanics on any account type. All accounts allow weekend holding. News trading is free on challenges but requires a News Add-On on funded and instant accounts. EAs are allowed (no martingale, grid, or signal bots); copy trading is not permitted. Profit splits reach up to 90% (up to 95% with the profit-split add-on), payouts on demand after a 14-day minimum. Challenge fees are refunded after the second funded payout. Use promo code STATS for 20% off.

PropXP uses a static drawdown model on all challenge types — 1-Step, 2-Step, and Instant Funding. The 8% max drawdown is fixed from the starting balance and does NOT trail with profits — unlike trailing models (e.g., FundingPips), the floor never moves up as your balance grows. On a $100,000 account, the max drawdown floor stays fixed at $92,000 regardless of how high your balance climbs. The 4% daily drawdown is equity-based, calculated fresh each day from your equity at the start of that trading day — if equity drops below that daily reference, it's a breach. The 40% consistency rule means no single day can account for 40%+ of total phase profit; on Instant Funding accounts, this softens to 20%. PropXP's official positioning is explicitly 'no trailing drawdown, ever' — a key differentiator from firms like FundingPips that use progressive trailing floors.

PropXP is a newer entrant that has quickly developed a positive reputation, particularly among traders who value its static drawdown and transparent, fixed-risk rules. The no-martingale/grid rule encourages genuine discretionary or systematic trading. The challenge fee refund after the second payout reduces long-term evaluation costs. PropFirmStats data shows PropXP processing payouts on schedule. Community reviews are growing positively. The news trading add-on requirement on funded accounts is the most commonly noted limitation — traders who rely on news-based strategies should factor this additional cost into their planning. Use promo code STATS for 20% off.