Introduction
SpiceProp is a proprietary trading firm headquartered in Prague, Czech Republic. It offers a selection of funded account programmes built on the MetaTrader 5 (MT5) trading platform, enabling traders to access simulated capital and share profits based on performance.
Company Background
Founded in October 2023 and operating under SpiceProp s.r.o. in Prague, the firm is led by CEO Natalia Bojko. It partners with a broker named Metadoro via RHC Investments for trade execution. Certain operational elements are supported through affiliate entities in Saint Lucia and Hong Kong, while corporate functions remain European-based. The firm reports over 8,000 active traders globally.
Platform and Tradable Assets
Trading is conducted exclusively via MT5 across desktop, mobile, and web platforms. The platform supports Expert Advisors and custom indicators. Available instruments include forex pairs, indices, commodities, metals, ETFs, and stock baskets; direct cryptocurrency or single-stock trading is not permitted.
Programme Offerings
Black Pepper (Two‑Phase Evaluation)
- €300,000 account size
- Evaluation: 7.5% profit target in Phase 1, 5% in Phase 2
- 5.5% daily drawdown max, 11% total drawdown max
- Minimum of three profitable trading days per phase
- No time limit for evaluation
- 90% profit split post-funding
- First withdrawal available after 7 calendar days, then weekly
- Eligible for scaling to multi‑million accounts with add‑on features like challenge refunds and drawdown increases
Sweet Pepper & Mini Pepper (Two‑Phase Evaluation)
- Account sizes from roughly €6,000 up to €150,000
- Same profit targets and drawdown limits as Black Pepper
- 80% profit split once funded
- First withdrawal after 14 calendar days, then bi‑weekly
- Mini Pepper offers lower entry cost (~€45) and includes scaling options and add‑ons
Chilli Pepper (Single‑Phase Evaluation)
- Account sizes typically €10,000–€100,000
- One step: 10% profit target, drawdown caps at ~4–5% daily, ~11% overall
- No time limit; minimum profitable days required
- 80% profit split, withdrawals after 14 days, bi‑weekly thereafter
Jalapeño Pepper (Instant Funding)
- Account sizes from €1,000 up to €15,000
- No evaluation required; instant funded status
- Profit target of 10%, daily drawdown ~2.5%, overall ~5%
- Zero requirement for profitable days
- Leverage up to 1:30; 60% profit split
- First payout at ~14 days, future payouts bi‑weekly
Risk Management and Rules
All programmes enforce strict risk rules, including maximum daily and overall loss limits and minimum profitable trading days (except for instant funding). Traders are permitted to hold positions overnight and trade news events. Copy trading, arbitrage, hedging across accounts, and excessive high-frequency trading are prohibited.
Fees and Refund Options
Challenge fees vary by programme: for instance, the €300,000 Black Pepper challenge costs ~€1,499; Mini Pepper starts around €45; Jalapeño entry can be as low as €70. Refund options—such as a “150% challenge refund”—are offered in select programmes.
Customer Service
Support is available via multilingual live chat, email, phone, and Discord. The firm responds to approximately 85% of negative reviews, though some responses can take over a month. Arbitration of withdrawal issues has been a noted concern.
Reputation Metrics
The firm holds a rating of approximately 4.1 out of 5 stars based on public review aggregators, with around 17% one-star reviews. Positive feedback often references transparent rules and fast payouts; negative feedback cites delays in withdrawals and customer support issues. Independent platforms reflect similar mixed sentiment.
Conclusion
SpiceProp is a relatively new proprietary trading provider offering multiple, clearly structured funding programmes on MT5 across global asset classes. It provides scalable challenge options, competitive profit splits, and risk‑based structures. While customer service and withdrawal consistency have received both praise and criticism, the firm’s transparent fee structure and flexible progression opportunities make it a viable option for disciplined traders.
