ProprPerpetualsOther rule

Propr bars three more practices and caps evaluation accounts at $200,000

Propr's rulebook now prohibits three more practices: switching trading approach after passing an evaluation; sharing account access or trading several accounts from the same household, device or IP address; and strategies that are difficult to replicate in live markets or carry outsized risk when replicated, such as trades that would trigger auto-deleveraging. Hedging across your own accounts now covers correlated assets too (long ETH on one account, short SOL on another). And a trader's evaluation accounts may now hold up to $200,000 in total, beside the $300,000 limit on funded accounts that the rulebook already had.

What changed

Contractual penalties

All 24 accounts below

Previously recordedProhibited conduct (exploiting bugs or latency, sharing accounts, identity fraud, hedging across accounts or against external exchanges, coordinating with other traders, cycling evaluations, gaming payouts and drawdowns, wash trading) can lead to suspension, termination with no payout and a ban.
Newly observedProhibited conduct (exploiting bugs or latency, sharing accounts or trading several accounts from the same household, device or IP address, identity fraud, hedging across accounts, correlated assets included, or against external exchanges, coordinating with other traders, cycling evaluations, gaming payouts and drawdowns, wash trading, switching approach after passing, and strategies that are difficult to replicate in live markets or carry outsized risk when replicated) can lead to suspension, termination with no payout and a ban.

Unchanged: Everything prohibited before is still prohibited, with the same sanctions.

Evidence: Propr · Official Rulebook, read ; Propr · Official Rulebook, read

Platform access and eligibility

All 24 accounts below

Previously recordedUp to 300,000 USDC of funded accounts per trader.
Newly observedUp to 300,000 USDC of funded accounts and 200,000 USDC of evaluation accounts per trader.

Unchanged: The terminal or API, the restricted jurisdictions and KYC before the funded account are as before.

Evidence: Propr · Official Rulebook, read ; Propr · Official Rulebook, read

Who it affects

The 24 accounts we review in full, each linking to its current rules:

New purchases
YesThe rulebook says: "By purchasing an evaluation, you agree to these rules in full."

Evidence: Propr · Official Rulebook, read

Accounts bought earlier
Conditional"Active funded accounts will be governed by the rules in effect at the time of account activation unless otherwise stated." The rulebook says nothing of evaluations bought earlier.

Evidence: Propr · Official Rulebook, read

Retroactive effect
NoThe changelog says: "We never change rules retroactively."

Evidence: Propr · Official Rulebook, read

When it changed

Announced
Not establishedPropr's changelog lists no new version: its latest entry is v1.0.2 of 18 March 2026, and the rulebook still says v1.0.
Effective
Not establishedPropr gives no date from which the new rules apply.
Noticed by PFW
We read Propr's rulebook again on 23 October 2026 while moving its sources from propr.buzz to propr.xyz; our page watcher's last reading, of 20 October, had the earlier text.

Changed between , our last reading of the earlier state, and , our first reading of the new one. These are the days we read the pages, not proof of when the change took effect.

Evidence: Propr · Official Rulebook, read ; Propr · Official Rulebook, read

What this means

Until 20 October the rulebook capped only funded accounts and allowed "additional evaluation accounts" beside them; now two $100,000 evaluations at once is the most it gives as an example. The new practices can each end an account with no payout, like the others in the list. Propr's changelog shows no new version and Propr gives no effective date; the rulebook says funded accounts keep the rules in force when they were activated, and that rules are never changed retroactively. Every Propr account we cover is concerned.

Sources and observations

The firm’s own pages, each with the day we read it. Today’s version of a page can differ from what we read then.

  1. Old valueLast old readingOfficial source

    Propr · Official Rulebook (opens in a new tab)

    propr.xyz · Read by PFW on at 09:37 UTC

    "A trader may hold multiple active accounts, up to an aggregate funded balance of $300,000", with "additional evaluation accounts" beside them. Section 15 listed ten prohibited practices, and hedging across accounts meant opposing positions on the same instrument.

    Reading details

    Read by our page watcher, which keeps the page's text; the same text as on 17 October.

  2. New valueFirst observationApplicabilityOfficial source

    Propr · Official Rulebook (opens in a new tab)

    propr.xyz · Read by PFW on at 14:23 UTC

    Section 17: "Evaluation accounts: up to $200,000 aggregate AUM" and "Funded accounts: up to $300,000 aggregate balance". Section 15 adds 11 "Switching trading approach after passing", 12 "Sharing account access or multi-account usage from same location" and 13 "Non-replicable or high-risk strategies", and opposite hedging now covers "the same instrument or correlated assets".

    Reading details

    Read again at 14:56 and 15:08 UTC the same day, with the same text. Propr's evaluation and funded terms extend hedging across accounts to correlated assets too.

Record history

  • Published as record PFW-CH-0008.

All Propr changes · Propr’s accounts we cover · All changes