Disclosure: This article is published by MyFundedFutures. MyFundedPerps, the first alternative listed, comes from the team behind MyFundedFutures and competes with Propr and the other firms named here. Facts about every firm come from the linked sources and were checked on November 12, 2026.
Propr is a crypto perpetuals prop firm built on Hyperliquid, with one-time challenge fees, an 80% reward split and on-demand USDC payouts. Traders who want different rules, a different payout method, or a different company structure most often compare it with MyFundedPerps, HyperPNL, Carrot Funding, HyroTrader, Breakout and Crypto Fund Trader. The tables below put all seven side by side.
Every program in this article, including MyFundedPerps and Propr, runs on simulated accounts. Evaluation fees can be lost, and most participants in programs like these do not pass.
Who this is for
- Traders searching for Propr alternatives or a second perps prop firm to compare before buying a challenge.
- Traders checking Propr's rules, fees and payout terms in one place, with sources.
- Traders asking "is Propr legit?" and wanting the verifiable facts, not opinions.
- Traders looking for Hyperliquid prop firms and how they differ from exchange-based crypto prop firms.
Propr at a glance (as of Nov 12, 2026)
Company. Propr Limited, registered in the British Virgin Islands (Reg. No. 2211330). Its site states that it "is not a broker, does not accept deposits, and is not authorized or regulated by the BVI Financial Services Commission or any other financial authority." Source: propr.xyz
Model. Propr states that "All Propr accounts, including 'Funded Accounts', are 100% simulated." Each trade is submitted as a signal that Propr may copy to Hyperliquid at its discretion or record internally. Source: propr.xyz
Plans. Four challenge types across six account sizes ($5K to $200K), each with a one-time fee. Source: propr.xyz/rules
| Propr challenge | Profit target | Daily loss | Max drawdown | $25K fee | Fee range ($5K to $200K) |
|---|---|---|---|---|---|
| Classic 1-Step | 10% | 3% | 6% static | $275 | $60 to $1,998 |
| Turbo 1-Step | 9% | 3% | 3% static | $125 | $25 to $899 |
| Pro 1-Step | 12% | 3% | 5% static | $185 | $45 to $1,399 |
| Classic 2-Step | 5%, then 10% | 5% | 8% trailing (stops at starting balance) | $250 | $50 to $1,499 |
Key rules
- No time limit, no minimum trading days and no consistency rule, per Propr's FAQ and rules.
- Daily loss is measured from the start-of-day balance and resets at 00:00 UTC. The rules say "Even a momentary touch of the equity floor triggers a breach. There is no grace period."
- Fees. "Standard Hyperliquid maker/taker fees apply. These are passed through at cost. Propr does not add markup." Funding rates also apply and count toward equity.
- Leverage caps in the rules: 10x on BTC, ETH and SOL, 2x on other crypto, 4x on equities, 8x on gold, silver and oil, 25x on FX perps.
- Challenge fees are "non-refundable once the account is activated, regardless of outcome."
- Automated trading is permitted. Opposite hedging across accounts, latency arbitrage and account sharing are prohibited.
Payouts. 80% reward split, paid in USDC onchain. The rules list a $20 minimum, a full profit sweep only (no partial withdrawals), all positions closed before a request, and processing "within 24 hours." Propr's home page reports a median payout time of 16 minutes 41 seconds and $3,942,595 in total payouts, and says payouts are published at propr.xyz/transparency. These are Propr's own figures.
Regions. Propr's rules list about 30 restricted countries (including Russia, Iran, North Korea, Nigeria and Pakistan), plus Crimea, Donetsk, Luhansk and any OFAC-sanctioned jurisdiction. The United States and the United Kingdom do not appear on that list or in the Terms dated August 26, 2026. See "Where sources disagree" below.
Where sources disagree about Propr
Third-party review sites are not always current. On November 12, 2026 we found these conflicts:
- US and UK access. PropFirmMap and a June 2026 Prop Firm Brain review say the US and UK are excluded. FundedTrading (data checked September 30, 2026) says both were removed from the restricted list by August 26, 2026, which matches Propr's current rules page. Confirm eligibility at sign-up.
- Leverage on BTC and ETH. Propr's home page features text says 5x on major crypto, while its plan cards and rules page say 10x. -** Minimum payout.** Propr's rules say $20. One PropFirmMap section says $50, which matches an older Propr changelog entry.
- Copy trading. Propr's rules say copy trading is permitted, "including between your own Propr accounts." Its Terms (Annex 2) list "Copy trading between your own Accounts" as prohibited. FundedTrading also notes that the rulebook and terms differ on several topics.
- Account caps. Review sites give different maximum funded totals ($200K and $300K).
Comparison: Propr vs 6 alternatives
All figures are from each firm's own site unless marked, checked November 12, 2026. Prices are list prices without promotions. Rules change often, so confirm on the firm's site before you pay.
Table 1: Evaluation rules
| Firm | Entry price | Example price | Profit target | Max drawdown | Daily loss | Consistency rule |
|---|---|---|---|---|---|---|
| Propr | $25 ($5K Turbo) | $275 ($25K Classic 1-Step) | 9% to 12% (1-Step), 5% + 10% (2-Step) | 3% to 6% static (1-Step), 8% trailing (2-Step) | 3% (1-Step), 5% (2-Step) | None |
| MyFundedPerps (Elite 1-Step) | $49 ($5K) | $249 ($25K) | 10% | 5% static | 3% | None |
| HyperPNL (1-Step Flex) | $42 ($5K) | $215 ($25K) | 10% | 5% static | 3% | None |
| Carrot Funding | $11 ($5K Start, 2-Phase) | $309 ($100K Standard, 2-Phase) | 5% + 10% (Standard) | 3% (Start), 6% (Standard); type not stated on home page | 3% | Not stated |
| HyroTrader | $9 (Hyro Core) | From $69 (One-Step) | 10% (One-Step), 10% + 5% (Two-Step) | 8% (One-Step), 10% (Two-Step); type not stated on home page | 4% (One-Step), 5% (Two-Step) | Not stated; 3 to 4 minimum trading days |
| Breakout | From $35 ($5K 1-Step Turbo) | See site | 9%, 10% or 12% (1-Step), 5% + 10% (2-Step) | Varies by plan | 3% to 4% | None |
| Crypto Fund Trader | $58 ($5K Evaluation) | Up to $1,250 ($200K) | 10% (1 Phase), 8% + 5% (2 Phases) | 6% trailing (1 Phase), 10% (2 Phases) | 4% (1 Phase), 5% (2 Phases) | None in evaluation; a 40% single-day limit is checked at payout |
Table 2: Payouts, platform and company
| Firm | Split | Payout terms | Platform and markets | Entity | Restricted regions |
|---|---|---|---|---|---|
| Propr | 80% | On demand, USDC onchain, $20 minimum, full sweep, within 24 hours per rules | Own web terminal; 140+ perps on Hyperliquid (crypto, stocks, indices, commodities, FX) | Propr Limited, BVI | About 30 countries plus OFAC list; US and UK not listed |
| MyFundedPerps | 80% default, 90% with checkout upgrade | Elite: request anytime; minimum $50 to $500 by account size; cash payouts through Rise; $100,000 lifetime cap | Own web terminal, no install; crypto, stocks, commodities, indices and FX perps | Funding Perpetuals Holdings, Inc. d/b/a MyFundedPerpetuals | 31 listed countries and regions, including Puerto Rico and the U.S. Virgin Islands; see FAQ |
| HyperPNL | 80% | Daily, USDC by smart contract to your wallet; minimum 1% | "Powered by Hyperliquid"; FX, crypto, commodities, indices, stocks, ETFs | Not stated on home page | Not stated on home page |
| Carrot Funding | 60% (Start), 80% (Standard) | USDC to your wallet, within 24 hours; Start plan has a payout cap | Perps on Hyperliquid; crypto, FX, commodities, stocks | Not stated on home page | Not stated on home page |
| HyroTrader | 80%, up to 90% on some plans | USDT or USDC, "usually within 24 hours"; $25 minimum after split | Bybit or BloFin demo accounts, or its own terminal; 700+ pairs | HYRO TECHNOLOGIES FZ-LLC (UAE); funded accounts by HYROTRADER TECHNOLOGIES LTD (BVI) | Some terminals unavailable in the US and where Bybit is restricted |
| Breakout | 80%, 90% with add-on | On demand, USDC (ERC-20), $50 minimum | Breakout Terminal; 62 crypto pairs | Acquired by Kraken (Sept 2025) | "Regional restrictions apply" |
| Crypto Fund Trader | 80% | See site | MetaTrader 5, Match-Trader or Bybit; 715+ crypto pairs plus other asset classes | SWISS RLCRATES AG, Zug, Switzerland | No list on home page |
What traders like about Propr
These themes recur in public reviews. Trustpilot showed a 4.4 TrustScore from 69 reviews when checked on November 12, 2026. Trustpilot does not fact-check reviews, and Propr has a claimed profile.
Payout speed. Several reviews from August to October 2026 describe payouts arriving within minutes or hours. Trustpilot
Onchain payout records. Reviewers and review sites point to payouts published with transaction hashes. FundedTrading
Simple rulebook. Two loss limits, no consistency rule, no time limit. Propr rules
Low entry price. Challenges start at $25. Propr rules
API access. A REST API with Python and JavaScript SDKs, and automated trading is permitted. Propr
A-book and B-book labels. Propr discloses how each trade is handled. FundedTrading
Recurring complaints about Propr
Support response times. Reviews in September 2026 describe unanswered emails and Discord messages. Propr replied that it had a surge in tickets and was hiring. Trustpilot
Platform lag and order issues. Reviews from August and September 2026 report lag during busy periods and trouble placing stop-loss and take-profit orders. Propr replied that it refunds or resets affected accounts. Trustpilot
Instant, permanent breaches. A momentary touch of an equity limit ends the account, with no reset. Propr rules, PropFirmMap
Non-refundable fees. The fee is not returned after activation, and FundedTrading notes it is not refunded after a payout either. FundedTrading
Trading fees for scalpers. One August 2026 review called fees on gold high. Propr replied that it had updated its gold fees. Trustpilot
One platform. Propr's own web terminal only, with no MetaTrader 5, cTrader or TradeLocker. FundedTrading
Rulebook and Terms conflicts. See "Where sources disagree" above.
Checkout payment issue. A September 2026 review cites a payment error. Propr attributed it to a third-party payment provider. Trustpilot
Common questions traders ask about Propr
Is the account real money or simulated? (Simulated, per Propr.)
Are US and UK traders accepted? (Not on the restricted list as of Nov 12, 2026; older reviews say otherwise.)
How fast are payouts, and can I verify them?
What leverage do I get on BTC and ETH?
Is copy trading allowed?
Do I get my fee back?
How to choose a perps prop firm
Use the same checklist for every firm, including ours.
Read the drawdown type first. A static drawdown stays at a fixed level below your starting balance. A trailing drawdown moves up as your balance grows, so the same percentage can behave very differently.
Check how daily loss is measured. Balance or equity, which reset time, and whether open positions count.
Look for a consistency rule. Some firms check it only at payout, which can delay a withdrawal.
Price the whole path. Challenge fee, trading commissions, funding or swap charges, and whether the fee is refundable.
Read the payout terms. Minimum, frequency, method (bank-style payout or stablecoin to a wallet), caps, and whether a payout resets anything.
Confirm you are eligible. Check the restricted list on the firm's own site, not a review site. Do not use a VPN to get around it; firms close accounts for that.
Find the legal entity. Who operates the program, where, and under which terms.
Match the platform to how you trade. Web terminal, exchange connection, API or bot access, and which markets are listed.
Assume simulated. Most programs in this category, ours included, are simulated. Read each firm's disclosure.
Why consider MyFundedPerps
MyFundedPerps is a perpetuals prop program from the team behind MyFundedFutures. All evaluation and funded trading on it is simulated. Facts below are from myfundedperpetuals.com and its FAQ, checked November 12, 2026.
Static drawdown on every plan. "All plans, including Elite, use static maximum drawdown." Elite uses a 5% static maximum drawdown and a 10% profit target.
No consistency rule. "There is no consistency rule on any plan."
No completion deadline and no minimum trading days. An evaluation must record a trade at least once every 30 calendar days.
Split. 80/20 by default, with a 90/10 upgrade available at checkout.
Payouts through Rise. Elite accounts "have no daily request limit and can request payouts anytime." Minimums are $50, $100, $250 and $500 for the $5K, $10K, $25K and $50K Elite accounts.
More than crypto. Crypto, stocks, commodities, indices and forex perpetuals in one web terminal, with no install required.
Published commissions. 0.03% for crypto, 0.0025% for forex and 0.005% for stocks, commodities and indices, plus hourly swap charges.
Agent and API access. Automated trading is allowed through the documented MyFundedPerps API. The same rules apply to automated accounts.
Named entity. Funding Perpetuals Holdings, Inc., d/b/a MyFundedPerpetuals, with Terms governed by Delaware law.
Trade-offs to know before you choose it over Propr:
A $100,000 lifetime payout cap covers all payouts on your MyFundedPerps account.
Higher payout minimums than Propr's $20 on most Elite sizes.
Account sizes on the Elite 1-Step run from $5K to $50K. Propr lists sizes up to $200K.
Payout method differs. MyFundedPerps pays through Rise. Propr pays USDC onchain. Pick the one that fits how you want to be paid.
Refunds are limited: within 48 hours, only with no trading activity, minus a $25 fee.
Restricted regions apply. Check the list in the FAQ before you register.
The other alternatives in brief
HyperPNL. A Hyperliquid-based program with a 1-Step account: 10% target, 5% static drawdown, 3% daily limit, no consistency rule and no time limit. Its site says payouts are executed by smart contracts in USDC. Only $5K, $10K and $25K sizes were live on November 12, 2026. hyperpnl.com
Carrot Funding. Its site says "Trade perps on Hyperliquid," with a $11 entry plan on a 60% split and a $100K Standard plan at $309 on an 80% split, plus a build-your-own rules option. Payouts are in USDC. carrotfunding.io
HyroTrader. An exchange-based crypto program: you trade on a Bybit or BloFin demo account or its own terminal. It states that "All trading on HyroTrader takes place on simulated (demo) accounts that run on real exchange market data." Evaluations have minimum trading days. hyrotrader.com
Breakout. A crypto prop firm acquired by Kraken in September 2025, with 1-Step and 2-Step evaluations, its own terminal and USDC payouts, per Kraken's comparison page. kraken.com/learn/breakout-vs-hyrotrader
Crypto Fund Trader. A Swiss-based program offering MetaTrader 5, Match-Trader or Bybit, with crypto plus forex, indices, stocks and commodities. Its site says "It's all demo, no real capital involved." Its 1 Phase program uses a trailing loss limit. cryptofundtrader.com
Disclosure and disclaimer
MyFundedFutures publishes this article. MyFundedPerps (MyFunded Perpetuals) is offered by Funding Perpetuals Holdings, Inc., a company separate from MyFunded Futures, LLC, and comes from the team behind MyFundedFutures. MyFundedFutures' track record and performance history do not apply to MyFunded Perpetuals or its products. MyFundedPerps competes with the firms named in this article.
Competitor information is taken from the public sources listed below as of November 12, 2026, and may have changed. Company names and trademarks belong to their owners. If you represent a firm named here and see an error, contact us and we will review it.
¹This material is provided for educational purposes only and should not be relied upon as trading, investment, tax, or legal advice. All participation in MyFundedFutures (MFFU) programs is conducted in a simulated environment only; no actual futures trading takes place. Performance in simulated accounts is not indicative of future results, and there is no guarantee of profits or success. Fewer than 1% of participants progress to a live-capital stage with an affiliated proprietary trading firm. Participation is at all times subject to the Simulated Trader Agreement and program rules.
Frequently Asked Questions
Related Posts
Read our most popular posts
MyFundedFutures' Studio vs. Vest Markets: Rules, Fees and Payouts Compared
Compare MyFundedFutures Studio vs. Vest Markets on fees, trading rules, drawdown limits, profit splits, and payouts to understand which program suits your trading needs.
Tokenized Stock Perps Explained: Trading Tesla, Apple and Nvidia 24/7
Learn how tokenized stock perpetuals work, how to trade Tesla, Apple and Nvidia price movements, and what to know about leverage, funding fees and risk.