Propify is a young MetaTrader 5 prop firm trading as Propify Funded at propifyfunded.com. It is not connected to Propify Compare, a comparison site on a different domain. Its pitch rests on one promise: that traders can see the money going out. Its FAQ answers the question “How do I know Propify actually pays out?” by pointing to the homepage: “You can see a live wall of real trader withdrawals, along with our total amount paid out.” We checked the number behind that wall. Most of it does not come from the payout system.

What the Propify payout counter is made of

The homepage “Total paid out” figure is not written into the page. The browser fetches it from a public endpoint, propifyfunded.com/api/payouts. We requested it twice on 23 September 2026, at 07:47 and 07:50 UTC, and got the same response both times:

{"total":322558.09,"apiTotal":22558.09,"signalGroup":300000,"updatedAt":"2026-09-23T07:23:27.996Z"}

The endpoint splits its own headline figure in two. The “apiTotal” field, $22,558.09, is the part that moves. A comment in the homepage source describes it as the live payout feed from YourPropFirm, the white-label software that also runs Propify’s checkout. The second field, “signalGroup”, is exactly $300,000. The same source comment describes the headline total as the payout feed “+ the signal-group amount”. Nothing on the site says what the signal group is, who was paid, or when.

That $300,000 is 93% of the $322,558.09 a visitor sees. The part that comes from the payout feed is about 7%. Stripped of the round-number field, the counter is roughly one-fourteenth of the size it appears.

Two more details do not fit. First, the page source has a fallback number that shows if the endpoint fails: $330,481.60. That is $7,923.51 more than the live total, and a running total of money paid out should not go down. Second, the scrolling wall shows seven payout certificates, and their amounts add up to $28,364.73. That is more than the entire $22,558.09 in the “apiTotal” field. So either some certificates are counted inside the $300,000 block, or the two sources measure different things. The site does not say which. We are not naming the traders on the certificates. They are private individuals, and we could not reach them to confirm their withdrawals.

The label is awkward for a second reason. Propify’s own FAQ says account sharing “whether with a friend, a signal service, or a third-party manager” leads to permanent termination of all accounts. Yet the biggest item in its payout total is labelled after a signal group.

What we could not verify

We could not verify any of the $300,000, what “signalGroup” refers to, or whether it is a payout figure at all. We also could not verify that the QR codes on the certificates resolve to an independent record, as opposed to a page Propify controls. Propify publishes no audited payout data, no count of funded traders and no pass rate. We have not bought a challenge. Every figure here comes from Propify’s public pages and endpoint as they stood on 23 September 2026.

Real capital or virtual capital: the two documents disagree

Propify’s FAQ tells traders who pass that they “receive a funded account loaded with real trading capital”, and elsewhere that they “trade with our money”. The binding document says otherwise. The Terms and Conditions, marked “Last updated: June 2026”, open with a notice that “All Propify accounts operate in a simulated trading environment using virtual capital. No real trading occurs.” Section 1 defines a funded account as a “Simulated trading account with virtual capital under real market conditions”, and section 12 adds that “no real capital is at risk”.

The terms are the contract, so they win. A Propify funded account is a demo account, and profit on it is a calculation Propify agrees to pay out of its own revenue. That is normal for retail prop firms. What is unusual is a help page saying the opposite of the firm’s own contract. Propify’s company description on Trustpilot says “simulated capital”, which matches the terms, not the FAQ.

There are other mismatches. The FAQ says there are “no monthly subscription fees”, yet the terms call the challenge fee a “Subscription Fee”. The terms set a $50 minimum withdrawal, while the FAQ says the minimum payout is 1% of the account balance. The FAQ says the $400,000 headline is simply two $200,000 accounts combined. The homepage FAQ says funded accounts “grow automatically” in tiers up to $400,000. The 2-Step Flex plan is sold at checkout but does not appear in the programmes listed in section 5 of the terms.

Rules that void Propify accounts

The drawdown limits are standard for the sector. The breaches that end accounts are in section 6 of the terms:

• Stop loss within three minutes. Every trade needs a stop loss set within three minutes of opening.
• 60-second minimum hold. Closing any trade in under 60 seconds is a violation, win or lose. Flex accounts are exempt.
• 1% risk cap. The terms say “Max 1% risk per trade” with no exception. The FAQ says the cap applies per currency pair on funded accounts only, and “does not apply during the challenge evaluation”. Traders should get the difference confirmed in writing.
• Stacking. A fourth open position on the same instrument is a breach, except on Flex.
• Weekend holding. Listed as a “Hard Breach — immediate account closure” on 1-Step and 2-Step.
• News blackout. No trades may be opened or closed from 10 minutes before to 10 minutes after high-impact releases.
• No EAs once funded. Expert advisors are allowed only in a limited way during the challenge.

The rule most likely to delay money is the 35% consistency rule. No single day may account for more than 35% of total profit when a withdrawal is requested. Propify’s FAQ warns that “losing days reduce your total profit but do not reduce your best day figure”, so one strong day followed by a loss can push a trader further over the limit. With 10 active days also required, a first payout is at least two weeks away even for a trader who never breaks a rule.

Propify vs FTMO and The5ers

Compared with larger firms on published numbers, Propify’s 2-Step target is lower and its consistency rule is tighter. Figures come from each firm’s own rules pages, pulled 23 September 2026: FTMO trading objectives and The5ers High Stakes.

Two-step programme	Propify 2-Step	FTMO 2-Step	The5ers High Stakes
Phase 1 / Phase 2 target	8% / 5%	10% / 5%	10% / 5%
Daily loss limit	5%	5%	5%
Maximum loss	10% static	10% static	10%
Minimum days	5 trading days	4 trading days	3 profitable days

One-step programme	Propify 1-Step	FTMO 1-Step
Profit target	10%	10%
Daily loss limit	4%	3%
Maximum loss	8% static	10% end-of-day trailing
Best-day cap	35% of total profit	50% of positive days’ profit

On paper, Propify’s 1-Step leaves slightly more room each day than FTMO’s, but it has a smaller overall loss buffer and a best-day cap 15 points tighter. Our FTMO review and The5ers review cover how those firms handle payouts. Both have years of public payout history. Propify’s domain was registered on 18 March 2026, so its history can be measured in months.

Who Propify is: entity, platform and regulation

The contracting party is “Propify LTD, Dubai, United Arab Emirates”. The terms give no trade licence number, no free-zone authority and no street address. Only an email address is listed. Section 18 names two more companies. Bluerise Marketing FZCO is “the Supplier”, and Odeonpay ALE S.R.L., trading as Paysagi, acts “solely as Merchant of Record” for card payments. Crypto payments go through Confirmo. Propify’s Trustpilot profile lists the Netherlands as its contact country. So a customer pays a card processor, buys from a Dubai free-zone supplier, and signs a contract with a Dubai “LTD” that cannot be looked up from the details given.

Trading runs on MT5 through a server named AscendsGlobalMarkets. Propify does not name the company behind that server or say whether it is regulated. The trader dashboard and checkout run on YourPropFirm, an off-the-shelf platform. As our PropAccount review showed, white-label platforms like this let a new prop brand launch in weeks. Our coverage of YourPropFirm’s Rithmic integration covers the vendor’s side.

Propify is not regulated, and its terms say so: it “is not a broker and does not provide regulated financial services”. Disputes go to the courts of Dubai. The terms bar residents of Iran, North Korea, Sudan, Syria, Russia and Cuba, but the checkout’s country list still offers all six. Our explainer on where prop firm regulation actually bites sets out why an unregulated evaluation model like this falls outside most regulators’ reach.

What traders say

Propify has a 4.6 TrustScore from 31 reviews, and 97% of them are five-star. We checked in a browser on 23 September 2026. The profile was claimed in June 2026. Trustpilot labels it “No recent history of asking for reviews” and warns that “reviews may not be representative”. Only two reviews have been posted since 20 July, the newest on 20 September 2026. Of the 19 most recent, 14 list the Netherlands as the reviewer’s country, and most are from June 2026. We found no independent Reddit or trade-press payout reports we could verify. The social check for this review was skipped. The homepage also has an “As featured in” strip naming CNN, BBC News, NBC News, CBS News and Sky News. It links to no articles, and a web search turned up no coverage of the firm in any of them.

Propify FAQ

Is Propify legit?

Propify is operating. Its checkout works, its payout endpoint updated on 23 September 2026 and Trustpilot shows reviews from this month. But it discloses no company registration number or address. Its payout counter is 93% one unexplained $300,000 figure, and its FAQ contradicts its own terms on whether capital is real. Treat any fee paid as money you can afford to lose.

Does Propify use real money?

No. The FAQ says funded accounts hold “real trading capital”, but the binding terms say all accounts are simulated with virtual capital and “No real trading occurs”. The terms govern. Payouts are paid by Propify from its own funds, based on profit made on a demo account, and depend on Propify’s willingness and ability to pay.

How much is the Propify challenge?

The cheapest is the $10,000 2-Step at $99.99. The $10,000 1-Step costs $119.99 and the $10,000 2-Step Flex $149.99. At $200,000 the prices are $849.99, $999.99 and $1,199.99. Fees are non-refundable once login details have been delivered. The only refund in section 9 applies if credentials do not arrive within 24 hours.

How often does Propify pay out?

Payouts run bi-weekly at an 80% split, and Propify says approved requests are processed within 24 hours by bank transfer or crypto. Before a first withdrawal, a funded trader needs 1% profit, 10 active days, 5 trading days, 3 profitable days, no single day above 35% of profit, and passed KYC.

Which platform does Propify use?

MetaTrader 5 only, on the AscendsGlobalMarkets server. Tradable instruments include forex, gold, silver and index CFDs. The dashboard and checkout run on YourPropFirm’s white-label software. Propify does not name the liquidity provider or broker behind the server.

This review is independent editorial analysis and is not financial, investment, or trading advice, and is not an endorsement or solicitation. The Industry Spread has no affiliate or referral relationship with the firms covered. Proprietary trading challenges carry a fee that is generally non-refundable, most participants do not reach a funded account, and funded capital is the firm’s capital, not the trader’s. Terms change frequently — always verify current rules directly with the firm before paying any fee.