Prop Capital Review
Prop Capital Trading, operating under the trading name of Bespoke Alpha and licensed in UAE, Dubai, is a proprietary trading firm that offers traders access to substantial trading capital without risking their own funds. The firm provides account sizes ranging from $5,000 to $100,000, with a 2-tier evaluation process to identify skilled traders.
Prop Capital Review
Summary
Prop Capital Trading is a proprietary trading firm that offers traders the opportunity to access substantial trading capital without risking their own funds. The firm, operating under the trading name of Bespoke Alpha and licensed in UAE, Dubai, provides a comprehensive trading environment designed to support traders in achieving their financial goals. With a 2-tier evaluation process, Prop Capital identifies skilled traders to join their proprietary firm, allowing them to manage funds remotely and grow their simulated accounts through a scaling plan.
Prop Capital offers a range of account sizes from $5,000 to $100,000, with refundable fees starting at $49. Traders can access multiple markets, including forex, cryptocurrencies, energies, stocks, indices, and metals, using advanced trading platforms available on both web and mobile devices. The firm provides a comfortable trading environment with features such as fast payouts, multi-currency payment solutions, and the opportunity to restart trading journeys even after violating rules.
Traders at Prop Capital can earn up to 90% of the profits generated, with a 15% profit share available even during the assessment phase. The firm emphasizes risk management through its Trading Objectives, ensuring that traders demonstrate discipline and experience before trading with Prop Capital’s capital. With a global presence spanning over 48 countries and a community of over 300 traders, Prop Capital aims to be the best partner for traders, offering a tailored trading experience that suits individual needs and styles.
Let’s examine Prop Capital’s specific programs, conditions, and features to get a more comprehensive understanding of what they offer to traders.
Prop Capital Review
Programs
Prop Capital offers a range of evaluation programs tailored to different account sizes and trader preferences. Each program provides unique opportunities for traders to showcase their skills and potentially access significant trading capital.
Diamond Program
The Diamond Program is Prop Capital’s entry-level offering, providing traders with a $5,000 account. This program features an unlimited trading period, allowing traders ample time to demonstrate their skills. Participants must trade for a minimum of 5 days and adhere to a 5% maximum daily loss and a 10% maximum overall loss limit. The profit target is set at 12%. With a fully refundable fee of $49, this program offers an accessible starting point for aspiring prop traders.
Sapphire Program
Stepping up, the Sapphire Program offers a $15,000 account with the same trading conditions as the Diamond Program. Traders enjoy an unlimited trading period, 5-day minimum trading requirement, and identical loss limits and profit targets. The refundable fee for this program is $99, providing a significant increase in trading capital for a modest rise in entry cost.
Ruby Program
The Ruby Program further elevates the trading experience with a $25,000 account. It maintains the same flexible trading conditions, including the unlimited trading period and 5-day minimum requirement. The 5% daily loss limit, 10% maximum loss, and 12% profit target remain consistent. Traders can access this larger account size for a refundable fee of $199.
Emerald Program
For those seeking more substantial trading capital, the Emerald Program offers a $50,000 account. This program adheres to the same trading parameters as the previous tiers, ensuring consistency across Prop Capital’s offerings. The refundable fee for the Emerald Program is set at $299, providing access to double the capital of the Ruby Program.
Garnet Program
At the pinnacle of Prop Capital’s offerings is the Garnet Program, featuring a $100,000 account. This program maintains the same trader-friendly conditions, including unlimited trading time and consistent loss limits and profit targets. With a refundable fee of $499, the Garnet Program offers the highest potential for significant returns while adhering to Prop Capital’s established risk management framework.
Prop Capital Review
Conditions
Prop Capital offers a structured trading program with specific conditions designed to balance trader flexibility with risk management. Let’s examine the key aspects of their trading conditions.
Drawdowns
Prop Capital implements strict drawdown rules to protect capital and ensure responsible trading. For all account sizes, from $5,000 to $100,000, there is a maximum daily loss limit of 5% and a maximum overall loss limit of 10%. These limits are crucial for maintaining account stability and encouraging consistent performance.
Payouts
The payout structure at Prop Capital is designed to reward successful traders. During the evaluation phase, traders retain 15% of their profits as an incentive. Upon successfully passing the evaluation and becoming a funded trader, the profit share increases significantly. Funded traders can earn up to 80-90% of the profits generated, depending on their account size and experience level. This high profit split is intended to maximize earning potential for consistently profitable traders.
Trading Days
Prop Capital offers an unlimited trading period for all their programs, from the $5,000 Diamond account to the $100,000 Garnet account. This flexibility allows traders to develop and execute their strategies without time pressure. However, there is a minimum requirement of 5 trading days for each program. This minimum ensures that traders demonstrate consistent performance rather than relying on a single lucky trade.
Trading Strategies
Prop Capital provides traders with the freedom to implement various trading strategies, including hedging. They allow trading across multiple markets, including forex, cryptocurrencies, energies, stocks, indices, and metals. This diversity enables traders to apply their skills across different asset classes. Additionally, Prop Capital permits the use of Expert Advisors (EAs) and automated trading strategies, as long as they comply with the firm’s risk guidelines.
Refund Policy
One of the most trader-friendly aspects of Prop Capital’s program is their refund policy. All program fees, ranging from $49 for the $5,000 account to $499 for the $100,000 account, are 100% refundable. This policy significantly reduces the financial risk for traders entering the program, as they can potentially recoup their initial investment.
Prop Capital Review
Features
| Maximum capital | $100,000 |
| Profit split | Up to 80% |
| Scaling | Yes |
| News trading | Yes |
| Weekend trading | Yes |
| Automated trading | Yes |
| Free trial | Yes |
| Maximum leverage | – |
Prop Capital offers a range of features to support traders in their journey. Let’s take a look at what they bring to the table.
Trading Platforms
Prop Capital offers traders access to two popular and advanced trading platforms: MetaTrader 4 (MT4) and MetaTrader 5 (MT5). Both platforms are developed by MetaQuotes Software Corporation and are widely used in the forex and financial markets.
- MetaTrader 4 (MT4): MetaTrader 4 is a widely-used trading platform offered by Prop Capital, primarily focused on forex trading. It features a user-friendly interface suitable for traders of all levels. MT4 provides advanced charting tools, real-time market data, and supports automated trading through Expert Advisors (EAs). The platform offers multiple order types and is available on desktop, web, and mobile devices.
- MetaTrader 5 (MT5): MetaTrader 5 is the more advanced successor to MT4. It expands trading capabilities beyond forex to include stocks, commodities, and futures markets. MT5 offers enhanced features such as more timeframes, additional technical indicators, and an improved strategy tester for backtesting. The platform includes an integrated economic calendar and Depth of Market (DOM) functionality. Like MT4, it supports algorithmic trading and is accessible via desktop, web, and mobile applications.
Dashboard
Prop Capital provides traders with a user-friendly dashboard to manage their trading activities. It serves as a central hub for traders to access important account information, track their performance, and manage their trading activities. The dashboard would display key metrics such as account balance, open positions, profit/loss statistics, and compliance with trading rules. It also provide quick access to trading platforms, educational resources, and customer support.
Customer Support
Prop Capital places a strong emphasis on customer support, recognizing its crucial role in a trader’s success. Their trader support team is available 24/5, providing assistance via email, live chat, and phone. This ensures that traders can get prompt help with any questions or issues they encounter, whether related to platform technicalities, account management, or trading concerns. The availability of support during all market hours demonstrates Prop Capital’s commitment to providing a reliable trading environment for their clients.
Knowledge Base
Prop Capital offers comprehensive educational resources to support traders of all experience levels. They provide ongoing education through various channels, including daily trading chat rooms, video lessons, webinars, and one-on-one mentorship from experienced traders. These resources cover a wide range of topics, from basic trading concepts to advanced strategies, helping traders continually improve their skills and stay updated with market trends. The firm’s commitment to trader education is evident in their approach to supporting both beginners and experienced traders.
Affiliate Program
Prop Capital offers an attractive affiliate program, allowing partners to earn up to 15% commission on every referral. The program operates on a tiered structure with three levels: Gold, Silver, and Platinum. Gold affiliates (1-49 referrals) earn 12% commission with bi-weekly withdrawals and can offer a 5% discount code. Silver affiliates (50+ referrals) earn 15% commission with weekly withdrawals and a 7.5% discount code. Platinum affiliates (350+ referrals) also earn 15% commission but enjoy 24/7 withdrawals and can offer a 10% discount code. Partners receive a unique referral link to share with their community, and commissions start accruing as soon as a referred trader joins Prop Capital’s program.
Broker Integration
Prop Capital integrates with various brokers to provide traders with access to a wide range of financial markets. While the specific details about their broker integration are not explicitly mentioned on their website, the firm does indicate that traders can access multiple markets including forex, stock indices, commodities, individual stocks, and cryptocurrencies through popular platforms like MT4 and MT5. This suggests that Prop Capital has established relationships with multiple liquidity providers or brokers to offer these diverse trading instruments. Traders can access popular markets like S&P 500, NASDAQ, gold, oil, Bitcoin, EUR/USD, and more, indicating a robust integration with various market sources.
However, the exact nature and extent of their broker integration, such as the names of specific brokers or the technical infrastructure supporting these integrations, are not detailed on their website.
Advanced Trading Tools
Prop Capital enhances the trading experience with a suite of advanced tools. They provide virtual private servers (VPS) to ensure reliable connectivity and support automated trading strategies. They also offer trading signals or copy trading features, allowing traders to follow successful strategies. Sentiment indicators are also available to gauge market mood. The firm does offer daily analysis, likely through their educational resources and trading chat rooms, helping traders stay informed about market conditions and potential opportunities.
Prop Capital Review
Conclusion
In conclusion, Prop Capital offers a compelling package for aspiring and experienced traders alike. With its diverse account sizes, unlimited trading period, and multi-market access, it provides ample opportunities for growth. The firm’s educational resources and automated trading support are noteworthy strengths. However, traders should carefully review the drawdown rules and profit targets to ensure they align with their trading style and risk tolerance.
Prop Capital Review
