SpiceProp Review
SpiceProp is a trading community where every new member joins the team, promoting collective growth and development. The group contains both specialists and newbies. Regardless of their differences, all members have self-confidence and a strong drive to maximize their market potential.
Pros
- Great Trustpilot rating of 4.1/5
- Five Unique Funding Programs
- Multiple Add-on Features
- Professional Trader Dashboard
- A Large Variety of Trading Instruments (Forex Pairs, Commodities, Indices, Stocks, Bonds, Cryptocurrencies)
- Scaling Plan
- Leverage up to 1:100
- No Maximum Trading Period
- No Minimum Trading Day Requirements on the Jalapeno Pepper Program
- First Payout After 7 Calendar Days on Black Pepper Program
- Future Payouts Every 7 Calendar Days on Black Pepper Program
- First Payout After 14 Calendar Days on Sweet, Mini & Chilli Pepper Programs
- Future Payouts Every 14 Calendar Days on Sweet, Mini & Chilli Pepper Programs
- Profit Share of 60% up to 90% (Depending on Program Type
- Overnight & Weekend Holding Allowed
- News Trading Allowed
Cons
- Minimum Profitable Day Requirement on Black, Sweet, Mini & Chilli Pepper Programs
- First Payout After 10% Profit on Jalapeno Pepper Program
- Low 2.5% Daily Maximum & 5% Maximum Loss Rules on Jalapeno Pepper Pro
SpiceProp is a proprietary trading firm with a key objective of ensuring that all people have the chance to acquire maximum profit in the market, it has made trading opportunities possible for individuals to earn massive profits. It allows account sizes up to $300,000 and up to 90 percent profit splits upon request. This can be achieved through trading such financial instruments as forex pairs, commodities, indices, stocks, bonds, and cryptocurrencies.
Who are SpiceProp?
SpiceProp is a proprietary trading firm, SpiceProp s.r.o. was incorporated on the 25th of October, 2023 with the legal name being that of a private trading company. They are based in Prague, Czech Republic, and are managed by CEO Natalia Bojko. SpiceProp gives traders the chance to work with the option of five account types, three two-step evaluations, one one-step evaluation, and even an instant funding program, and this is partnered with Metadoro as their broker.
SpicePropโs headquarters are located at 158 00, Czech Republic, Praha, Bucharova 2657/12, Stodลฏlky.
Who is the CEO of SpiceProp?
Natalia Bojko is the CEO of SpiceProp. Note that we will be adding more information about their CEO in the future. Stay tuned!
Funding Program Options
SpiceProp provides its traders with five unique funding program options:
- Black Pepper Program
- Sweet Pepper Program
- Mini Pepper Program
- Chilli Pepper Program
- Jalapeno Program
Black Pepper Program
SpicePropโs account of โฌ300,000 is available for traders managed through the Black Pepper Program. The desired target is to be able to provide talented traders who are profitable and can suitably manage risk during the two-step screening period. You can trade on the Black Pepper Program with leverage up to 1:100.
Account Size | Price |
โฌ300,000 | โฌ1,499 |
In order to pass the first phase of evaluation, a trader must achieve a profit within 7.5%, while not crossing 5.5% maximum daily loss or 11% maximum loss rules. As for time limitations, note that you have no maximum trading day requirements during the first phase. However, you have to achieve at least 3 profitable trading days in order to proceed to the second phase.
For phase two of the evaluation, a trader needs to achieve a profit of 5% without losing more than their maximum daily limit of 5.5% or maximum loss of 11%. Considering time constraints, it should be known that you do not have any maximum trading days in phase two. You must have a minimum of 3 profitable trading days in order to advance to funded status.
You get funded accounts with no minimum withdrawal once you have passed both the evaluation phases. You only honor the maximum daily loss at 5.5% and the maximum loss at 11%. Your first payout will be 7 calendar days after you place your very first position on your funded account. All your other withdrawals can also be done weekly. Your profit split will come at 90% of the profit you make on your funded account.
Add-ons for SpicePropโs Black Pepper Program
- 150% Challenge Refund
- Drawdown Increase
Black Pepper Program Scaling Plan
The Black Pepper Program also has a scaling plan. In case a trader manages to reach a 10% profit target in two months, you’ll be able to scale your account up to the next available account size. Note that in case you decide to scale your account, you’ll not be forced to forfeit your profits.
Account Size | โฌ300,000 |
Level 1 | โฌ450,000 |
Level 2 | โฌ675,000 |
Level 3 | โฌ1,012,500 |
Level 4 | โฌ1,518,750 |
Level 5 | โฌ2,000,000 |
- The profit target for the โฌ300,000 funded account is 10%.
- Month 1: Generate a profit of 4.5%.
- Month 2: Yield a profit at 6%.
The total profit from the last two months is 10%. Therefore, it qualifies for scaling because you have met your required 10% profit target.
Black Pepper Program Trading Rules & Objectives
- Profit Target โ Traders need to reach a defined profit percentage in order to successfully complete an evaluation round, withdraw their profits, or build up their trading account. The profit goal for Round 1 is 7.5%, and Round 2 requires a 5% profit target. There are no defined profit targets for funded accounts.
- Maximum Daily Loss โ A maximum loss limit for trading for a single day that will not default the account. All accounts, whatever their size, have a maximum daily loss of 5.5%.
- Maximum Loss โ The maximum loss limit a trader is allowed to lose overall without breaching the account. All account sizes have a maximum loss of 11%.
- Minimum Profitable Trading Days โ The total maximum allowed loss that a trader is able to lose before breaching the account. All accounts, whatever their size, have a total maximum loss of 11%.
Sweet Pepper Program
SpicePropโs Sweet Pepper Program offers traders the possibility to control account sizes between โฌ10,000 and โฌ150,000. It is designed to identify talented traders who are profitable and capable of smartly managing risk during the two-stage evaluation process. With the Sweet Pepper Program, you can trade with a leverage of up to 1:100.
Account Size | Price |
โฌ10,000 | โฌ99 |
โฌ25,000 | โฌ159 |
โฌ50,000 | โฌ295 |
โฌ100,000 | โฌ479 |
โฌ150,000 | โฌ689 |
The first phase of evaluation calls for a trader to attain a profit target of 7.5% without exceeding the 5.5% maximum daily loss or 11% maximum loss rules. In terms of time constraints, you do not have any maximum trading day requirements in phase one. However, you must have a minimum of 3 profitable trading days to move on to phase two.
Evaluation phase two calls for the trader to make profits of 5% and not exceed the 5.5% maximum loss trading rule, and not exceed 11% maximum loss rules. In terms of time, note that there’s no limit on the trading days within phase two. However, you have to accumulate at least 3 profitable trading days to qualify for a funded status.
Completing both evaluation phases will earn you a funded account without minimum withdrawal requirements; all you must adhere to are the 5.5% maximum daily loss and 11% maximum loss rules. A first payout arrives after 14 calendar days from when you place your first position on your funded account, while other withdrawals may also be submitted bi-weekly. Your profit split will remain at 80% of the profit you make on your funded account.
Add-ons for SpicePropโs Sweet Pepper Program
- 150% Challenge Refund
- Drawdown Increase
- Faster Withdrawals (8 Calendar Days)
Sweet Pepper Program Scaling Plan
The Sweet Pepper Program also has a scaling plan. Should a trader be able to get to a 10% profit target in two months, you will be in a position to scale your account up to the next available account size. Be aware that when you do scale your account, you are not called upon to forfeit any profits.
Account Size | โฌ10,000 | โฌ25,000 | โฌ50,000 | โฌ100,000 | โฌ150,000 |
Level 1 | โฌ14,000 | โฌ35,000 | โฌ70,000 | โฌ140,000 | โฌ210,000 |
Level 2 | โฌ19,600 | โฌ49,000 | โฌ98,000 | โฌ196,000 | โฌ294,000 |
Level 3 | โฌ27,440 | โฌ68,600 | โฌ137,200 | โฌ274,400 | โฌ411,600 |
Level 4 | โฌ38,416 | โฌ96,040 | โฌ192,080 | โฌ384,160 | โฌ576,240 |
Level 5 | โฌ53,782 | โฌ134,456 | โฌ268,912 | โฌ537,824 | โฌ806,736 |
Level 6 | โฌ75,295 | โฌ188,238 | โฌ376,477 | โฌ752,954 | โฌ1,000,000 |
Level 7 | โฌ105,413 | โฌ263,533 | โฌ527,068 | โฌ1,000,000 | โ |
Level 8 | โฌ147,578 | โฌ368,946 | โฌ737,895 | โ | โ |
Level 9 | โฌ206,609 | โฌ516,524 | โฌ1,000,000 | โ | โ |
Level 10 | โฌ289,253 | โฌ723,134 | โ | โ | โ |
Level 11 | โฌ404,954 | โฌ1,000,000 | โ | โ | โ |
Level 12 | โฌ566,936 | โ | โ | โ | โ |
Level 13 | โฌ793,710 | โ | โ | โ | โ |
The profit target for the funded account of โฌ150,000 is 10%.
Month 1: Earn a 4.5% profit.
Month 2: Acquire 6% of profit.
The total created profit from the last two months is 10%, which means the account is eligible for scaling because you met the target 10% profit.
Sweet Pepper Program Trading Rules & Objectives
- Profit Target โ In order to complete an evaluation phase, withdraw earnings, or scale their trading account, traders must hit a predefined profit percentage. Phase 1 entails achieving a profit target of 7.5%, and Phase 2 requires hitting a profit target of 5%, while funded accounts do not have any predetermined profit targets.
- Maximum Daily Loss โ The maximum allowed loss a trader can have within a single trading day without being given a margin call on the account. All account sizes have the maximum daily loss allowed at 5.5%.
- Maximum Loss โ The amount of allowed loss a trader can have before breaching his account overall. All account sizes have a maximum loss allowance of 11%.
- Minimum Profitable Trading Days โ The minimum profitable trading day requirement you need to meet before you can successfully conclude an evaluation phase. There is a 3 minimum profitable trading day requirement for both evaluation phases.
Mini Pepper Program
SpicePropโs, Mini Pepper Program gives a trader the chance to handle an account size of 6,000 euros. The point is to find capable traders who are profitable and may control risk well during the two-step evaluation period. You can trade with up to 1:100 leverage in the Mini Pepper Program.
Account Size | Price |
โฌ6,000 | โฌ45 |
In phase one, an investor should realize a profit of 7.5% and at the same time avoid attaining more than 5.5% of maximum daily loss or even more than 11% maximum loss rules. Time limitation. Note that you need no maximum trading day requirements during phase one. However, at the very minimum, you should have 3 profitable trading days to proceed to phase two.
In evaluation phase two, a trader must achieve a profit target of 5% and cannot have an exceedance of 5.5% with their maximum daily loss or 11% in their maximum loss rules. Also, with time limitations note, that you have no maximum trading day requirements during phase two but you are required to have a minimum of 3 profitable trading days in order to continue to fund status.
Upon completing both evaluation stages, you are granted a funded account where you don’t need to achieve a minimum withdrawal. You need to honor only the rules of maximum loss at 5.5% daily and 11% in a row. The first payout is after 14 calendar days from the date of placing your first position on your funded account, while all your subsequent withdrawals can also be submitted bi-weekly. Your profit share will be calculated at 80% of the profit you make on your funded account.
Add-ons for SpicePropโs Mini Pepper Program
- 150% Challenge Refund
- Drawdown Increase
- Faster Withdrawals (8 Calendar Days)
Mini Pepper Program Scaling Plan
The Mini Pepper Programme also possesses a scaling plan. If a trader achieves a 10% profit target over any two months, you will be able to scale your account to the next available account size. Please note that if you wish to scale your account you are not going to be asked to forfeit your profits.
Account Size | โฌ6,000 |
Level 1 | โฌ6,600 |
Level 2 | โฌ7,260 |
Level 3 | โฌ7,986 |
Level 4 | โฌ8,785 |
Level 5 | โฌ9,664 |
Level 6 | โฌ10,630 |
Level 7 | โฌ11,693 |
Level 8 | โฌ12,862 |
Level 9 | โฌ14,148 |
Level 10 | โฌ15,563 |
Level 11 | โฌ17,119 |
Level 12 | โฌ18,831 |
Level 13 | โฌ20,714 |
The profit target to make on the โฌ300,000 funded account is 10%.
Month 1 Earn a profit of 4.5%.
Month 2: Earn 6% in profits.
The total generated profit in the last two months is 10%, thus, making the account eligible for scaling since you attained your required 10% profit target.
Mini Pepper Program Trading Rules & Objectives
- Profit Target โ Traders have to hit the specified profit percentage in order to conclude a phase of evaluation, withdraw earnings or scale their trading account. Phase 1 has the profit target set at 7.5%, while phase 2 is on a 5% profit target. Funded accounts do not have any specified profit targets set.
- Maximum Daily Loss โ The maximum loss the trader is able to lose within one trading day without violating the account. All account sizes have a maximum daily loss of 5.5%.
- Maximum Loss โ Overall maximum loss limit the trader is able to lose without account breach. All account sizes have a maximum loss of 11%.
- Minimum Profitable Trading Days โ The minimum profitable trading day requirement you have to meet before you can successfully conclude an evaluation phase. Both evaluation phases have a 3 minimum profitable trading day requirement.
Chilli Pepper Program
SpicePropโs Chilli Pepper Program traders are able to handle account sizes between โฌ10,000 and as high as โฌ100,000. It tries to find self-disciplined, profitable performers who can control risks without a hitch over a single phase of evaluation. Chilli Pepper Program will allow you to trade with leverage up to 1:100.
Account Size | Price |
โฌ10,000 | โฌ129 |
โฌ25,000 | โฌ219 |
โฌ50,000 | โฌ389 |
โฌ75,000 | โฌ559 |
โฌ100,000 | โฌ759 |
The evaluation period requires the trader to hit a profit target of 10% but be under 5.5% maximum daily loss or 11% maximum loss rules. On time limits, note that you are not required to have a maximum trading day requirements in phase two. You must, however, have at least 3 profitable trading days to qualify for funded status.
After you complete the evaluation phase, you are provided with a funded account with no minimum withdrawal requirements. All you need to do is honor the 5.5% maximum daily loss and 11% maximum loss rules. Your first payout is 14 calendar days from the day you place your first position on your funded account, while all other withdrawals can also be submitted bi-weekly. Your profit split will be 80% based on the profit you make on your funded account.
Add-ons for SpicePropโs Chilli Pepper Program
- Drawdown Increase
- Faster Withdrawals (8 Calendar Days)
Chilli Pepper Program Scaling Plan
The Chilli Pepper Program also has a scaling plan. If you manage to hit a 10% profit target in two months, you’ll get your account scaled up to the next available account size. Of course, if you do decide to scale your account, you won’t lose your profits.
Account Size | โฌ10,000 | โฌ25,000 | โฌ50,000 | โฌ75,000 | โฌ100,000 |
Level 1 | โฌ14,000 | โฌ35,000 | โฌ70,000 | โฌ105,000 | โฌ140,000 |
Level 2 | โฌ19,600 | โฌ49,000 | โฌ98,000 | โฌ147,000 | โฌ196,000 |
Level 3 | โฌ27,440 | โฌ68,600 | โฌ137,200 | โฌ205,800 | โฌ274,400 |
Level 4 | โฌ38,416 | โฌ96,040 | โฌ192,080 | โฌ288,120 | โฌ384,160 |
Level 5 | โฌ53,782 | โฌ134,456 | โฌ268,912 | โฌ403,368 | โฌ537,824 |
Level 6 | โฌ75,295 | โฌ188,238 | โฌ376,477 | โฌ564,715 | โฌ752,954 |
Level 7 | โฌ105,413 | โฌ263,533 | โฌ527,068 | โฌ790,601 | โฌ1,000,000 |
Level 8 | โฌ147,578 | โฌ368,946 | โฌ737,895 | โฌ1,000,000 | โ |
Level 9 | โฌ206,609 | โฌ516,524 | โฌ1,000,000 | โ | โ |
Level 10 | โฌ289,253 | โฌ723,134 | โ | โ | โ |
Level 11 | โฌ404,954 | โฌ1,000,000 | โ | โ | โ |
Level 12 | โฌ566,936 | โ | โ | โ | โ |
Level 13 | โฌ793,710 | โ | โ | โ | โ |
The โฌ100,000 funded account is expected to accrue a profit of 10%.
Month 1: Earn a profit of 4.5%.
Month 2: 6% – Profit Generation.
The account is ready to scale because you achieved the minimum 10% profit over the last two months. Thus, the total generated profit from the last two months is 10%.
Chilli Pepper Program Trading Rules & Objectives
- Profit Target โ Traders must realize a pre-specified profit percentage to complete an evaluation phase, take out profits, or size-up their trading account. The profit target for the evaluation phase is 10%. Funded accounts have no prespecified profit targets.
- Maximum Daily Loss โ The maximum loss limit a trader is allowed to lose in a single trading day without violating the account. All account sizes incur a maximum daily loss of 5.5%.
- Maximum Loss โ The maximum amount of the loss a trader is allowed to lose without breaching the account. All account sizes have a maximum loss of 11%.
- Minimum Profitable Trading Days โ The least number of profitable trading days you need to achieve before you can successfully conclude an evaluation phase. The evaluation phase has a 3 minimum profitable trading day requirement.
Jalapeno Pepper Program
SpicePropโs Jalapeno Pepper Program Traders are offered account sizes starting from โฌ1,000 up to โฌ15,000, with the aim to allow traders bypass the evaluation process and start earning immediately. Under the Jalapeno Pepper Program, you can use leverage up to 1:30 while trading.
Account Size | Price |
โฌ1,000 | โฌ70 |
โฌ2,500 | โฌ140 |
โฌ5,000 | โฌ270 |
โฌ7,500 | โฌ395 |
โฌ10,000 | โฌ520 |
โฌ15,000 | โฌ768 |
The Jalapeno Pepper Program offers a funded account with no minimum withdrawal requirements when you buy it. You only need to respect the 2.5% maximum daily loss and 5% maximum loss rules. Your first payout is 14 calendar days from the day you put your first position on your funded account; all other withdrawals can also be submitted bi-weekly. Your profit split will be 60% based on the profit you make on your funded account.
Add-ons for SpicePropโs Jalapeno Pepper Program
- Drawdown Increase
- Faster Withdrawals (8 Calendar Days)
Jalapeno Pepper Program Scaling Plan
The Jalapeno Pepper Program also offers a scale-up plan. When the trader hits his or her 10% profit target during two months, you will be able to scale your account up to the next size available from the company. Again, note that if you choose to scale up, it does not mean that you have to give back your winnings.
Account Size | โฌ1,000 | โฌ2,500 | โฌ5,000 | โฌ7,500 | โฌ10,000 | โฌ15,000 |
Level 1 | โฌ2,000 | โฌ5,000 | โฌ10,000 | โฌ15,000 | โฌ20,000 | โฌ30,000 |
Level 2 | โฌ4,000 | โฌ10,000 | โฌ20,000 | โฌ30,000 | โฌ40,000 | โฌ60,000 |
Level 3 | โฌ8,000 | โฌ20,000 | โฌ40,000 | โฌ60,000 | โฌ80,000 | โฌ120,000 |
Level 4 | โฌ16,000 | โฌ40,000 | โฌ80,000 | โฌ120,000 | โฌ160,000 | โฌ240,000 |
Level 5 | โฌ32,000 | โฌ80,000 | โฌ160,000 | โฌ240,000 | โฌ320,000 | โฌ480,000 |
Level 6 | โฌ64,000 | โฌ160,000 | โฌ320,000 | โฌ480,000 | โฌ640,000 | โฌ960,000 |
Level 7 | โฌ128,000 | โฌ320,000 | โฌ640,000 | โฌ960,000 | โฌ1,000,000 | โฌ1,000,000 |
Level 8 | โฌ256,000 | โฌ640,000 | โฌ1,000,000 | โฌ1,000,000 | โ | โ |
Level 9 | โฌ512,000 | โฌ1,000,000 | โ | โ | โ | โ |
Level 10 | โฌ1,000,000 | โ | โ | โ | โ | โ |
The profit target for the funded account of โฌ100,000 is 10%.
Month 1 Make a profit of 4.5%.
Month 2: Make a profit of 6%.
The cumulative profit from the last two months is 10%, which gives the account eligibility to scale since you attained the required 10% profit target.
Jalapeno Pepper Program Trading Rules & Objectives
- Maximum Daily Loss โ This is the maximum loss allowed for a trader to incur in a trading day, not crossing the account. All accounts have a maximum daily loss of 2.5%.
- Maximum Loss โ The maximum loss allowed for a trader to incur overall, not crossing the account. All accounts have a maximum loss of 5%.
What Makes SpiceProp Different From Other Prop Firms?
SpiceProp The account types offered is one area that differs their five various types of accounts from most of the market-leading prop firms since they offer three two-step evaluations, one one-step evaluation, and an instant funding program. Apart from this, they provide numerous favorable features such as unlimited period for trading, the first withdrawal after 7 or 14 calendar days, bi-weekly and weekly future payouts, low profit target requirements, above-average drawdown limits, and multiple add-on features.
SpiceProp‘s Black Pepper Program is a two-step evaluation, and its traders have to pass two stages to be able to get the payouts. At each stage, there is a 7.5% target profit in the first phase and 5% in the second one, plus rules of the maximum loss up to 5.5% daily and 11% overall; you also have no maximum trading day requirements in either evaluation stage. However, you are required to have a minimum of 3 profitable trading days in each evaluation phase. Black Pepper Program also has a unique scaling plan, allowing traders to manage even larger account sizes. Black Pepper Program: Compared to other funding programs offered by the industry, it especially stands out with an unlimited trading period, first withdrawal after 7 calendar days, weekly future payouts, profit target requirements set above average, limits of drawdown, and multiple add-on features.
Example of comparison between SpiceProp & Funding Pips
Trading Objectives | SpiceProp | Funding Pips |
Phase 1 Profit Target | 7.5% | 8% |
Phase 2 Profit Target | 5% | 5% |
Maximum Daily Loss | 5.5% | 5% (Scaleable up to 7%) |
Maximum Loss | 11% | 10% (Scaleable up to 14%) |
Minimum Trading Days | 3 Profitable Days | 3 Calendar Days |
Maximum Trading Period | Phase 1: UnlimitedPhase 2: Unlimited | Phase 1: UnlimitedPhase 2: Unlimited |
Profit Split | 80% up to 90% | 60% up to 100% + Monthly Salary |
Example of comparison between SpiceProp & E8 Markets
Trading Objectives | SpiceProp | E8 Markets |
Phase 1 Profit Target | 7.5% | 8% |
Phase 2 Profit Target | 5% | 4% |
Maximum Daily Loss | 5.5% | 4% |
Maximum Loss | 11% | 8% (Scaleable up to 14%) |
Minimum Trading Days | 3 Profitable Days | No Minimum Trading Days |
Maximum Trading Period | Phase 1: UnlimitedPhase 2: Unlimited | Phase 1: UnlimitedPhase 2: Unlimited |
Profit Split | 90% | 80% |
Example of comparison between SpiceProp & FXIFY
Trading Objectives | SpiceProp | FXIFY |
Phase 1 Profit Target | 7.5% | 10% |
Phase 2 Profit Target | 5% | 5% |
Maximum Daily Loss | 5.5% | 5% |
Maximum Loss | 11% | 10% |
Minimum Trading Days | 3 Profitable Days | 5 Calendar Days |
Maximum Trading Period | Phase 1: UnlimitedPhase 2: Unlimited | Phase 1: UnlimitedPhase 2: Unlimited |
Profit Split | 90% | 80% up to 90% |
SpicePropโs Sweet Pepper Program is a two-phase evaluation requiring traders to be able to successfully pass both phases to qualify for withdrawals. Profit targets for phase one are 7.5%, while those for phase two are set at 5%. Maximum daily and maximum loss rates are set at 5.5% and 11% respectively. In addition, you will have no maximum trading days requirement during either of the evaluation phases. However, you need to have at least 3 profitable trading days in every evaluation cycle. Sweet Pepper Program also comes with a unique scaling plan through which traders can handle even greater account sizes. Compared to other programs under funding the industry, the Sweet Pepper Program is unique mainly because of unlimited trading period, first withdrawal after 14 calendar days, bi-weekly future payouts, low target profit requirements, above average drawdown limits, and multiple add-on features.
Example of comparison between SpiceProp & The5%ers
Trading Objectives | SpiceProp | The5%ers |
Phase 1 Profit Target | 7.5% | 8% |
Phase 2 Profit Target | 5% | 5% |
Maximum Daily Loss | 5.5% | 5% |
Maximum Loss | 11% | 10% |
Minimum Trading Days | 3 Profitable Days | 3 Profitable Days |
Maximum Trading Period | Phase 1: UnlimitedPhase 2: Unlimited | Phase 1: UnlimitedPhase 2: Unlimited |
Profit Split | 80% | 80% up to 100% + Monthly Salary |
Example of comparison between SpiceProp & FundedNext
Trading Objectives | SpiceProp | FundedNext (Two-step Stellar) |
Phase 1 Profit Target | 7.5% | 8% |
Phase 2 Profit Target | 5% | 5% |
Maximum Daily Loss | 5.5% | 5% |
Maximum Loss | 11% | 10% |
Minimum Trading Days | 3 Profitable Days | 5 Calendar Days |
Maximum Trading Period | Phase 1: UnlimitedPhase 2: Unlimited | Phase 1: UnlimitedPhase 2: Unlimited |
Profit Split | 80% | 80% up to 95% |
Example of comparison between SpiceProp & Alpha Capital Group
Trading Objectives | SpiceProp | Alpha Capital Group |
Phase 1 Profit Target | 7.5% | 8% |
Phase 2 Profit Target | 5% | 5% |
Maximum Daily Loss | 5.5% | 5% |
Maximum Loss | 11% | 10% |
Minimum Trading Days | 3 Profitable Days | 3 Calendar Days |
Maximum Trading Period | Phase 1: UnlimitedPhase 2: Unlimited | Phase 1: UnlimitedPhase 2: Unlimited |
Profit Split | 80% | 80% |
SpicePropโs Mini Pepper Program takes two evaluation cycles and will only pay out if you successfully pass through both. Profit targets are 7.5% in phase one, 5% in phase two, while the maximum loss rule is 5.5% daily and 11% at worst. Neither evaluation cycle will have a maximum trading day as well. However, you are required to have a minimum of 3 profitable trading days in each evaluation phase. Mini Pepper Program also has a unique scaling plan that allows even larger account sizes to be managed by traders. Compared to other financing programs in the market, the Mini Pepper Program can be highlighted for having an unlimited trading period, first withdrawal after 14 calendar days, bi-weekly future payouts, lower targets of profit, drawdown limits above average, and several add-ons.
Example of comparison between SpiceProp & Fintokei
Trading Objectives | SpiceProp | Fintokei |
Phase 1 Profit Target | 7.5% | 8% |
Phase 2 Profit Target | 5% | 5% |
Maximum Daily Loss | 5.5% | 5% |
Maximum Loss | 11% | 10% |
Minimum Trading Days | 3 Profitable Days | 3 Calendar Days |
Maximum Trading Period | Phase 1: UnlimitedPhase 2: Unlimited | Phase 1: UnlimitedPhase 2: Unlimited |
Profit Split | 80% | 80% up to 95% |
Example of comparison between SpiceProp & Funded Trading Plus
Trading Objectives | SpiceProp | Funded Trading Plus (Premium) |
Phase 1 Profit Target | 7.5% | 8% |
Phase 2 Profit Target | 5% | 5% |
Maximum Daily Loss | 5.5% | 4% |
Maximum Loss | 11% | 8% (Trailing) |
Minimum Trading Days | 3 Profitable Days | No Minimum Trading Days |
Maximum Trading Period | Phase 1: UnlimitedPhase 2: Unlimited | Phase 1: UnlimitedPhase 2: Unlimited |
Profit Split | 80% | 80% up to 100% |
Example of comparison between SpiceProp & Smart Prop Trader
Trading Objectives | SpiceProp | Smart Prop Trader (Standard) |
Phase 1 Profit Target | 7.5% | 7% |
Phase 2 Profit Target | 5% | 5% |
Maximum Daily Loss | 5.5% | 4% |
Maximum Loss | 11% | 8% (Scaleable up to 28%) |
Minimum Trading Days | 3 Profitable Days | No Minimum Trading Days |
Maximum Trading Period | Phase 1: UnlimitedPhase 2: Unlimited | Phase 1: UnlimitedPhase 2: Unlimited |
Profit Split | 80% | 75% up to 95% |
SpicePropโs Chilli Pepper Program is a one-step evaluation that requires traders to successfully pass the phase prior to receiving payouts. This program has a 10% level of profit together with a 5.5% maximum loss on any daily basis and 11% maximum loss overall. There are no maximum number of trading days as well during the evaluation phase. However, you are to ensure that you do at least 3 profitable trading days in the evaluation phase. Another unique feature is the scaling plan for Chilli Pepper Program, with which traders will be able to handle even larger account sizes. Compared to other funding programs in the industry, the Chilli Pepper Program primarily stands out in view of its unlimited trading period, first withdrawal after 14 calendar days, bi-weekly future payouts, above-average drawdown limits, and multiple add-on features.
Example of comparison between SpiceProp & FundedNext
Trading Objectives | SpiceProp | FundedNext (One-step Stellar) |
Profit Target | 10% | 10% |
Maximum Daily Loss | 5.5% | 3% |
Maximum Loss | 11% | 6% |
Minimum Trading Days | 3 Profitable Days | 2 Calendar Days |
Maximum Trading Period | Unlimited | Unlimited |
Profit Split | 80% | 90% up to 95% |
Example of comparison between SpiceProp & PipFarm
Trading Objectives | SpiceProp | PipFarm (Static) |
Profit Target | 10% | 12% |
Maximum Daily Loss | 5.5% | 3% |
Maximum Loss | 11% | 6% |
Minimum Trading Days | 3 Profitable Days | 3 Calendar Days |
Maximum Trading Period | Unlimited | Unlimited |
Profit Split | 80% | 70% up to 95% |
Example of comparison between SpiceProp & Goat Funded Trader
Trading Objectives | SpiceProp | Goat Funded Trader |
Profit Target | 10% | 10% |
Maximum Daily Loss | 5.5% | 4% |
Maximum Loss | 11% | 6% |
Minimum Trading Days | 3 Profitable Days | No Minimum Trading Days |
Maximum Trading Period | Unlimited | Unlimited |
Profit Split | 80% | 75% up to 95% |
SpicePropโs Jalapeno Pepper Program is a direct funding account that allows traders to avoid evaluation altogether and begin trading from day one. It also has an initial 10% profit target with a maximum of 2.5% per day and 5% absolute loss limit rule. You also have no minimum or maximum trading day requirements at all. Jalapeno Pepper Program also has a unique scaling plan, which allows traders to work even larger account sizes. Compared to other funding programs within the industry, Jalapeno Pepper Program is noted mainly for an unlimited trading period without any minimum trading day requirements, possible future payouts every other week, higher drawdown limits than average, and offers several add-ons.
Example of comparison between SpiceProp & FTUK
Trading Objectives | SpiceProp | FTUK |
Profit Target | 10% (For First Withdrawal) | โ (10% For Scaling) |
Maximum Daily Loss | 2.5% | โ |
Maximum Loss | 5% | 6% |
Minimum Trading Days | No Minimum Trading Days | No Minimum Trading Days |
Maximum Trading Period | Unlimited | Unlimited |
Profit Split | 60% | 50% up to 80% |
Example of comparison between SpiceProp & The5%ers
Trading Objectives | SpiceProp | The5%ers |
Profit Target | 10% (For First Withdrawal) | 10% |
Maximum Daily Loss | 2.5% | 3% (Daily Pause) |
Maximum Loss | 5% | 6% |
Minimum Trading Days | No Minimum Trading Days | No Minimum Trading Days |
Maximum Trading Period | Unlimited | Unlimited |
Profit Split | 60% | 50% up to 100% |
Example of comparison between SpiceProp & City Traders Imperium
Trading Objectives | SpiceProp | City Traders Imperium |
Profit Target | 10% (For First Withdrawal) | โ |
Maximum Daily Loss | 2.5% | โ |
Maximum Loss | 5% | 6% |
Minimum Trading Days | No Minimum Trading Days | No Minimum Trading Days |
Maximum Trading Period | Unlimited | Unlimited |
Profit Split | 60% | 60% up to 100% + Monthly Salary |
Conclusion
In total, SpiceProp leads the other prop firms in the industry with five different account types, including three two-step evaluations, one one-step evaluation, and an instant funding program. Besides, there are multiple advantageous features – unlimited trading period, first withdrawal after 7 or 14 calendar days, bi-weekly and weekly future payouts, low-profit target requirements, above-average drawdown limits, and multiple add-on features.
Is Getting SpiceProp Capital Realistic?
In addition, there is the need to judge whether these requirements are achievable or not in regard to proprietary trading firms that fit into your trend of forex trading style. A company could become appealing with a high percentage profit split on a well-funded account but may become less practical if the company demands having large-scale monthly gains with small maximum drawdown percentages, greatly reducing the likelihood of success. In addition, one should check against time restrictions; with an unlimited trade period, of course, being more advantageous as it wipes away the stress associated with time restrictions. Finally, during the review process and then during funding procedures, be knowledgeable about all trading rules for a chance to avoid unknowingly flouting your trading account terms.
- Receiving capital from the Black Pepper Program is realistic mainly because of its slightly below-average profit targets (7.5% in phase one and 5% in phase two) along with above-average maximum loss rules (5.5% maximum daily and 11% maximum loss). In any case, you don’t have any maximum trading day requirements while having a minimum of 3 profitable trading day requirements in each evaluation phase. In addition, after completing both review cycles successfully, the participants are entitled to receive payouts with a favorable profit share of 90%.
- Attaining funds from the Sweet Pepper Program is quite possible only through having relatively lower profit ceilings (7.5% in the first cycle and 5% in the second cycle) combined with higher than average limit loss rules (5.5% maximum daily loss and 11% maximum loss). It is worth mentioning that you have no maximum trading day requirements while having a minimum of 3 profitable trading day requirements in each evaluation phase. Besides, once you successfully pass through both phases of evaluation, participants qualify for payouts that come with an advantageous profit split of 80%.
- Receiving capital from the Mini Pepper Program is realistic primarily due to its slightly below-average profit targets (7.5% in phase one and 5% in phase two) coupled with above-average maximum loss rules (5.5% maximum daily and 11% maximum loss). Of course, you also appreciate that you don’t have any maximum trading day requirements while having a minimum of 3 profitable trading day requirements in each evaluation phase. But if the two evaluation phases are passed, then users are eligible to be paid, with their profit split coming in at 80%.
- Getting capital from the Chilli Pepper Program is feasible mainly because of its average target profit of 10% combined with above-average maximum loss rules at 5.5% maximum daily and 11% maximum loss). It is worth noting that requirements do not exist for the trading days to be minimum or maximum, thereby providing flexibility without a time limit, which means you can get funding fast in a day or proceed at your preferred pace in trading. Additionally, upon successful completion of the evaluation, participants get payouts with an advantageous profit-share ratio of 80%.
- Receiving capital from the Jalapeno Pepper Program is achievable mostly by its average startup profit target of 10% combined with the average maximum losing rules (2.5% daily halt and 5% maximum loss). More, this program has no minimum or maximum trading day requirements, giving room for flexibility without time constraints, and allowing you to trade at your own pace. Additionally, after you have made a profit you are then entitled to payments with a fantastic profit share of 60%.
Taking into account all these factors, SpiceProp is of utmost recommendation since you have five different funding programs at your disposal including three two-step evaluations, one-step evaluation, and instant funding program, which all have genuine trading targets and requirements for achieving payouts.
Payment Proof
SpiceProp This is a proprietary trading firm that was incorporated on October 25, 2023. It has a very big community of funded traders who have qualified for a share of the profits.
This means, while working with SpiceProp and reaching funded status with the Black Pepper Program, you will be eligible to receive your first payout after 7 calendar days. After your first payout, you will also be eligible to receive payouts if you exceed the initial account size every 7 calendar days. Your profit split will constitute a generous 90% based on the profit that you have generated on your funded account.
However, while working with SpiceProp and reaching funded status with the Sweet Pepper Program, Mini Pepper Program, or Chilli Pepper Program, you will be eligible to receive your first payout after 14 calendar days. Nevertheless, after your first payout, you will also be eligible to receive payouts if you exceed the initial account size every 14 calendar days. Your profit split will be a healthy 80% based on the profit that you have made on your funded account.
As a parting shot, while working with SpiceProp and reaching funded status using the Jalapeno Pepper Program, you will qualify for your first payout after you are able to achieve your first 10% profit. However, after your first payout, you will be qualified to receive your payouts if you exceed the initial account size every 14 calendar days. Your profit split will consist of a generous 60% based on the profit that you generated on your funded account. Payment evidence of SpiceProp exists on thousands of websites. For example, on Trustpilot, where traders comment on their experience while working with the company and how they successfully got payout money. The payment evidence of SpiceProp also exists in their Discord channel, in which one can find many certificates of the most successful traders.
Examples of Payout Certificates and Payment Proof can be seen in the images below.
Which Broker Does SpiceProp Use?
SpiceProp is partnered with Metadoro as their broker.
Metadoro is an impressive boutique trading house that links clients at the retail and professional levels to a vast cross-section of financial markets including physical equities and CFD derivatives. They are proud of the exceptional trading conditions and their constant development of new and innovative products. Their commitment extends far beyond client service, stressing the growth of their team and their partnerships as well.
As for trading platforms, while you are working with SpiceProp, they allow you to trade on MetaTrader 5.
Trading Instruments
As illustrated above, SpiceProp is partnered with Metadoro, and allows you to trade a vast number of trading instruments, which include Forex pairs, commodities, indices, stocks, bonds, and cryptocurrencies, with up to 1:100 leverage on the chosen trading instrument.
Forex Pairs
GBP/USD | USD/CHF | USD/JPY | USD/CAD | AUD/USD | NZD/USD |
EUR/GBP | EUR/JPY | EUR/CHF | EUR/CAD | EUR/AUD | EUR/NZD |
GBP/JPY | GBP/CHF | GBP/CAD | GBP/AUD | GBP/NZD | AUD/CAD |
AUD/CHF | AUD/JPY | AUD/NZD | CAD/JPY | CAD/CHF | CAD/SGD |
CHF/JPY | CHF/NOK | CHF/SGD | EUR/HUF | EUR/NOK | EUR/PLN |
EUR/SEK | EUR/SGD | EUR/TRY | EUR/HKD | EUR/CZK | EUR/ZAR |
GBP/DKK | GBP/NOK | GBP/SEK | GBP/SGD | NOK/SEK | NZD/SGD |
NZD/CAD | NZD/CHF | NZD/JPY | SGD/JPY | USD/CNH | USD/CZK |
USD/HUF | USD/MXN | USD/HKD | USD/NOK | USD/DKK | USD/PLN |
USD/SEK | USD/SGD | USD/TRY | USD/ZAR | USD/BRL | USD/ILS |
USD/THB | EUR/RON | USD/RON |
Commodities
XAU/AUD | XAU/CHF | XAU/EUR | XAU/GBP | XAG/USD |
XAG/AUD | XAG/EUR | XAG/USD | XPD/USD | XPT/USD |
XAL/USD | XCU/USD | XZN/USD | XNI/USD | XAG/CHF |
XAG/GBP | BRN | WTI | NG | EMISS |
GASOIL | Cotton | Cocoa | Coffee | Sugar |
Corn | Soybean | Wheat |
Indices
GER40 | FRA40 | EUR50 | J225 | UK100 |
US30 | US500 | USTech100 | CH20 | CHINA50 |
ES35 | HK50 | AUS200 | IT40 | SG20 |
NED25 | PL20 | BRA50 | VIX | DX |
Bonds
SCHATZ | BUND | TNOTE |
Cryptocurrencies
AAV/USD | ADA/USD | ALG/USD | ALI/USD | ANK/USD |
APE/USD | ARW/USD | ATM/USD | AVA/USD | AXS/USD |
BAR/USD | BAT/USD | BCH/USD | BNB/USD | BTC/USD |
CEL/USD | CEO/USD | CEO/USD | CHR/USD | CHZ/USD |
CNE/USD | COM/USD | COT/USD | CRV/USD | CTS/USD |
DOG/USD | DOT/USD | DSH/USD | DYD/USD | EGL/USD |
ENJ/USD | EOS/USD | ETC/USD | ETH/USD | FIL/USD |
FLW/USD | FTM/USD | GAL/USD | GMT/USD | GRT/USD |
IMX/USD | INC/USD | IOS/USD | IOT/USD | KAV/USD |
KNC/USD | KSM/USD | LNK/USD | LPT/USD | LRC/USD |
LTC/USD | MAN/USD | MKR/USD | NEO/USD | NER/USD |
OMG/USD | ONE/USD | ONT/USD | PEP/USD | QTM/USD |
REN/USD | RSR/USD | RVN/USD | SAN/USD | SHB/USD |
SKL/USD | SNX/USD | SOL/USD | STO/USD | SUS/USD |
SXP/USD | TET/USD | TRX/USD | UNI/USD | VEC/USD |
WOO/USD | XEM/USD | XLM/USD | XMR/USD | XRP/USD |
XTZ/USD | YFI/USD | ZEC/USD | ZEN/USD | ZIL/USD |
ZRX/USD | GLM/USD | WAV/USD |
As already highlighted above, SpiceProp permits you to trade among thousands of stocks; you can check the whole list by logging into our Spread Account below.
Trading Fees
Trading Commission
Trading Instrument | Commission Fee |
FOREX | 7 USD / LOT |
COMMODITIES | 7 USD / LOT |
INDICES | 7 USD / LOT |
STOCKS | 7 USD / LOT |
BONDS | 7 USD / LOT |
CRYPTO | 7 USD / LOT |
Spread Account
To check the live spreads, log in to the trading account below.
Platform | Server | Login Number | Password | Download Platform |
MetaTrader 5 | RHCInvestments-Metadoro | 35809 | FUL&%0Te | Click here |
Education
SpiceProp provides its community with a detailed Blog with educational content, such as:
- News
- Interview
- Strategies
- Psychology
- Basis
- Analysis
SpiceProp also provides access to a well-designed trader dashboard for all clients, further simplifying risk management through constant access to detailed statistics and objectives. This results in live updates, which is an improvement for the user.
Trading Dashboard
Trustpilot Feedback
SpiceProp has gathered an excellent score on Trustpilot based on their communityโs feedback.
On Trustpilot, SpiceProp has a large variety of their community commenting and providing positive feedback regarding their company services. The firm has achieved an impressive rating of 4.1 out of 5 from a total of 29 reviews. Notably, 80% of these reviews have awarded SpiceProp the highest rating of 5 stars.
The first client said that SpiceProp had treated them pretty well, and generally, the company has been quite good overall. The client very much appreciated the continual special offers and customary good customer service throughout time, though sometimes responses do take a little time to arrive. Still, all issues were well taken care of within time. Their user interface was found to be pretty easy to navigate.
The second client is going through the first stage of the challenge with SpiceProp. They recognized that it’s hard but appreciated that the company does not place too high a profit percentage requirement to pass the challenge. Generally, the client said that SpiceProp is an excellent company.
Social Media Statistics
SpiceProp can also be found on numerous social media platforms.
112 Followers & 84 Likes | |
281 Followers | |
61 Followers | |
Discord | 394 Members |
Telegram | 226 Members |
Customer Support
Live Chat | โ |
[email protected] | |
Discord | Discord Link |
Telegram | Telegram Link |
FAQ | FAQ Link |
Supported Languages | English, Czech, Polish, Portuguese, Italian, Russian, Spanish, Serbian, Ukrainian |
Account Opening Process
Registration Form โ Register with SpiceProp by filling out the registration form with your details and logging into the trading dashboard.
Choose Your Account โ Choose your account type, account size, and add-ons.
Choose Your Payment Method โ Choose between a credit/debit card, a wire transfer, and a cryptocurrency payment method.
Conclusion
In conclusion, SpiceProp Is a known and trusted proprietary trading firm, offering a choice of funding programs to the traders that include five options: the Black Pepper Program with two-step evaluations, the Sweet Pepper Program with two-step evaluations, the Mini Pepper Program with two-step evaluations, the Chilli Pepper Program with one-step evaluation, and the Jalapeno Program, which is an instant funding program.
SpicePropโs Black Pepper Program is an industry-standard two-step evaluation that requires the completion of two phases before becoming eligible to manage a funded account and earn 90% profit splits. Traders must reach profit targets of 7.5% in phase one and 5% in phase two to become successfully funded. These are realistic trading objectives, considering you have a 5.5% maximum daily and 11% maximum loss rules to follow. About time constraints, you do not have a maximum requirement for trading days during either the evaluation period. However, you must have at least 3 profitable trading days in each of the evaluation periods. Last but certainly not least, you should know that the Black Pepper Program offers a scaling plan wherein you can increase the initial account balance.
SpiceProp‘s Sweet Pepper Program is a two-step assessment process where traders are required to finish two stages before being considered for a funded account and 80% profit shares. Traders are deemed as successfully funded once they reach the profit target of 7.5% in phase one and 5% in phase two. These are achievable trading goals, given your maximum daily loss and maximum loss rules of 5.5% and 11%, respectively. As far as time constraints, there is no requirement for maximum trading days in each of the two evaluation phases. On the other hand, you must ensure you have at least 3 profitable trading days in both the evaluation phases. Lastly, it is noteworthy that the Sweet Pepper Program carries a scaling plan. Therefore, you stand a chance to boost your initial account balance.
SpiceProp‘s Mini Pepper Program is a two-step assessment that must be completed in two phases before becoming eligible to manage a funded account and earning 80% profit splits. You’ll need to hit the 7.5% profit target in phase one and then the 5% profit target in phase two to be successfully funded. These are reasonable trading objectives because you have a maximum daily loss and loss rules of 5.5% and 11%, respectively. As for time constraints, you will not have any maximum trading day requirements at either evaluation phase, but you need to have a minimum of 3 profitable days for each evaluation phase. Lastly, it’s worth noting that the Mini Pepper Program has a scaling plan so that you can top up your initial account balance.
SpiceProp‘s Chilli Pepper Program is an industry-standard, two-step evaluation that needs to be passed after completing the respective phases to qualify to manage a funded account and receive 80% profit splits. You need to hit a profit of 10% before being successfully funded. These are achievable trading goals considering you have a 5.5% maximum daily and 11% max loss rules against which you are trading. About the time constraints, you do not have maximum requirements about the trading day number while on the evaluation phase. In fact, you are expected to achieve at least 3 profitable trading days while in the evaluation phase. Lastly, it’s important to state that the Chilli Pepper Program has a scaling plan, whereby you can leverage to increase your initial account balance.
SpiceProp‘s Jalapeno Pepper Program is a direct funding program that enables traders to bypass the review and begin immediately, receiving 60% profit splits from day one. The trader shall be expected to have a 10% profit target on stage 1 with maximum rules of 2.5% in a day and 5% maximum loss. In terms of the constraints on time, you do not have any minimum trading days or maximum number of trading days, which allows you to trade according to your favorite pace without having a sense of tight time. Lastly, it should be mentioned that the Jalapeno Pepper Program has a scaling plan whereby you can enjoy multiplying your starting account balance.I would advise people looking for a serious proprietary trading firm that delivers excellent trading conditions to fit any individual needs with quite unique styles of trading, such as providing traders with features that are unique to SpiceProp, including an unlimited trading period, first withdrawal after 7 or 14 calendar days, bi-weekly and weekly future payouts, a low profit target requirement, an above-average drawdown limit, and multiple add-on features. After considering everything SpiceProp has to offer to traders all across the globe, they are indeed a desirable choice within the prop trading industry.
What are your individual opinions on SpiceProp and the services they offer?
Do they align with the trading conditions and services youโve been seeking?
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