Verdict: YRM Prop is a New York-run, Delaware-registered futures evaluation firm whose homepage advertises $1,936,940 in “100% blockchain-verified” payouts — while publishing no chain, no wallet and no explorer link that would let anyone verify a single transaction. It has also stopped selling accounts. Suited to nobody paying a fee today, because there is nothing to buy; relevant mainly to traders already holding a balance. The biggest caveat: neither binding document says what happens to accrued rewards if the firm stops trading.

Key terms, as YRM Prop publishes them

• Challenge fee: $99 ($25K), $149 ($50K), $249 ($100K), $349 ($150K), one-time, per the firm’s funding programmes article.
• Instant Prime fee: $399, $599, $749 and $899 for the same four account sizes, with no evaluation stage.
• Activation fee: $99 on passing a challenge, listed as “Currently $0 per launch offer”.
• Profit split: 90/10 in the trader’s favour; Instant Prime traders keep 100% of the first $10,000.
• Profit target: $1,500 on a $25K challenge, rising to $9,000 on a $150K challenge. Prime accounts carry no profit target.
• Drawdown: trailing maximum drawdown in end-of-day mode, $1,000 to $4,500 by account size, which stops trailing once it reaches the starting balance.
• Daily loss limit: none on Starter challenges; $1,500–$4,500 as a soft limit on Prime and larger Instant Prime accounts.
• Payout frequency: request-based, after 6 qualifying days (Prime) or 8 (Instant Prime), each closing at least $150 in net profit, per the payout eligibility article.

The payout counter runs, the checkout does not

Checked on 19 September 2026, the YRM Prop homepage carries two panels that sit awkwardly together. The first is a payout ledger: “$1.9M+ Paid to Traders”, a total of $1,936,940 across 1,125 payouts, an average of $1,722, a largest single payout of $10,306 on 2 March 2026 and a busiest day of $101,497 on 13 April 2026.

Directly beneath it: “Funding Currently Unavailable. New funded accounts are not available for purchase right now. Please check back soon.” Where the pricing tiers would be, the page reads “No plans are available at the moment.”

That is a prop firm with its storefront switched off. The help centre has not caught up — it still lists four challenge tiers, four Instant Prime tiers and an activation fee discounted “per launch offer” that no new trader can take. Neither binding document mentions a suspension, a pause or a wind-down. The firm has simply stopped selling, without explaining why on any page we could find.

What “blockchain-verified” does not show

The payout panel is labelled “100% blockchain-verified”. That phrase is doing a lot of work, so we tested it. We pulled the full homepage source and searched it for every marker a verifiable on-chain claim would need: a block explorer domain, a wallet address, a transaction hash, a named network. There were none. No Etherscan, Polygonscan, Basescan, Arbiscan or Solscan link. No hexadecimal address. No transaction identifier. No chain named anywhere — the only occurrence of the string “chain” on the page is inside the word “blockchain”.

So the claim is unbacked as published. YRM Prop routes payouts through Rise, a crypto-capable payroll provider that does settle on-chain, so transactions may well exist behind the number. But a reader cannot check any of it. “Blockchain-verified” here means the firm asserts the figure is verifiable, not that it has given anyone the means to verify it — the same pattern as the Pipcy payout certificates that turned out to be randomly generated.

Payouts: what is published, what traders report, what we could not verify

YRM Prop’s own help centre is candid about processing. Its payout methods article states that “payouts are typically processed within 48 hours of approval”, then adds, verbatim:

“Currently, we are experiencing delays beyond our standard timeline. As a result, payouts are being processed in batches and may take longer days than the usual processing time. This is only temporary and our team is already actively working to restore normal processing times as quickly as possible.”

That is the firm’s own admission, not a trader allegation. It also sits a few paragraphs above a bullet in the same article reading “Daily Limit: No daily limit — all eligible payouts are processed within 24 hours.” One article, three processing windows: 24 hours, 48 hours and an open-ended backlog.

Independently, YRM Prop’s Trustpilot profile carried a 3.6 TrustScore from 251 reviews when checked on 19 September 2026, with 68% at five stars and 26% at one star. A quarter of a review base at the bottom of the scale alongside a five-star share that high is not one population but two, and the recent one-star entries concentrate on withdrawals that have not arrived.

What we could not verify: YRM Prop publishes no audited payout data, no chain reference for the “blockchain-verified” total, no funded-account count and no pass rate. We could not confirm the length of the backlog, whether the $1,936,940 figure is still updating, or why sales stopped. Payouts also depend entirely on Rise: traders in regions Rise does not support “will not be able to receive or request their payouts and therefore unable to use any YRM Prop services at this time.”

Two rulebooks that disagree on every number that matters

YRM Prop maintains a signed funded trader agreement, last modified 31 March 2025, and a help centre rewritten through 2026. They are not the same rulebook. The agreement concedes the drift, warning that trading rules “remain subject to change at any time and from time to time, with or without notice”.

Rule	Funded Trader Agreement (31 Mar 2025)	Help centre (2026)
Minimum payout	$1,000; requests below it “will not be approved”	$250 on all accounts
Qualifying day	$300 in trading profits	$150 in net profit
Days before payout	8 days	6 (Prime), 8 (Instant Prime)
Processing time	5 business days	48 hours, and 24 hours in the same article
Consistency rules	Not mentioned at all	50% Starter, 35% Prime, 20% Instant Prime
Inactivity forfeiture	60 consecutive days	30 days total

The minimum-payout gap is the sharpest: a trader reading the help centre requests $250, while the contract they signed says a request under $1,000 “will not be approved and the payout will not be made”. The inactivity gap is the most expensive, forfeiting all profits at 30 days in one document and 60 in the other. In a dispute the agreement governs, and it sends every claim to American Arbitration Association proceedings in Delaware with class actions waived.

The agreement is also carelessly drafted in the clause that matters most. On termination it provides that “one hundred percent (90%) of User’s accrued and unpaid Reward Balance shall be paid to User”. The words and the numeral contradict each other, in the sentence governing what a trader is owed when the relationship ends — the same species of error as the Fondeo 70% split marketed as 90%.

The rules that actually close accounts

The homepage promises “No hidden rules”. The rulebook is denser than that suggests. The trailing maximum drawdown is a hard breach: touch it intraday and the account is “closed permanently” with “all remaining profits forfeited”. Consistency thresholds of 50%, 35% and 20% by product are measured as highest single day divided by total profit, so one strong session can lock a cycle out of payout eligibility until it is diluted across more days.

Beyond that: trades must be held at least 10 seconds; the terms bar “strategies that produce more than 200 trades in a day”; cross-prop hedging is prohibited; and a chargeback closes every linked account permanently and forfeits all profits. The inactivity policy terminates an account after 30 days without trading, with “no refunds provided for entry fees, activation fees, or other charges”. Rewards are capped at $35,000 per Prime account and $100,000 in total, with anything above forfeited.

One clause deserves separate attention. The agreement binds traders not to “make any false, disparaging, defamatory, or derogatory statements, whether written or verbal, including on any websites or social media platforms, regarding any YRM Group”. A firm carrying a public backlog notice and a 26% one-star share has, in its own contract, a provision restraining funded traders from criticising it in public. Readers weighing the review record should price that in.

How the payout terms compare

Term	YRM Prop (Prime)	Topstep (Express Funded)	MyFundedFutures (Rapid)
Minimum payout	$250 (help centre) / $1,000 (agreement)	$125	$500 after buffer
Days before first payout	6 qualifying days at $150+	5 winning days of $150+	24 hours after first trade
Consistency rule	35% of cycle profit	40% target on consistency path	None on Rapid plans
Profit split	90/10	90/10	90/10
Per-request cap, $50K	$1,500 first payout, capped at 50% of cycle profit	$2,000 standard path	No stated cap after buffer

On headline terms YRM Prop is competitive: the 90/10 split matches both comparators and the six-day track is no slower than Topstep’s five winning days. The difference is not the terms. It is that both named comparators are selling accounts and stating processing times they are not simultaneously apologising for. Sources: Topstep’s payout policy and MyFundedFutures’ payout policy overview.

Corporate entity and regulatory posture

The operating entity is YRM Prop LLC, a Delaware limited liability company, described on the firm’s core team page as founded in June 2025 in New York City. Co-founders are listed as Mohamed Saidi, chief executive and a former brokerage executive, and Alexander Shapiro, chief strategy officer, whose profile cites Prometheum and TradeZero Crypto and states he is currently chief executive of a separate company.

Regulatory status is stated plainly in the firm’s own footer: “YRM Prop is not registered in any capacity with the SEC or CFTC.” That is normal for the futures evaluation sector and it is to the firm’s credit that it says so, but the consequence is worth spelling out. Challenge and Prime accounts are simulated. The agreement is explicit that simulated capital “is not real currency” and that YRM “does not in any circumstances receive any funds or other assets from, or manage any funds or other assets for” the user. Fees are non-refundable: the terms of use state “we are unable to offer a refund after purchase. All membership fees are considered used in full.”

There is no client-money segregation, no insolvency provision and no wind-down clause in either binding document — we searched both for solvency, insolvency, bankruptcy, segregation and trust-account language and found none. A trader holding an accrued reward balance has an unsecured contractual claim against a Delaware LLC, enforceable only through arbitration in Delaware. That is the structural fact the sales suspension makes concrete, and why the gap between advertised and contractual payout windows matters more here than at a firm still taking orders.

Frequently asked questions

Can I buy a YRM Prop account right now?
No. As of 19 September 2026 the homepage states that new funded accounts “are not available for purchase right now” and that “No plans are available at the moment.” The help centre still lists prices, but the storefront shows no purchasable plans, and the firm has published no reason or restart date on any page we reviewed.

Is the $1.9m payout total verifiable on a blockchain?
Not from anything YRM Prop publishes. The figure is labelled “100% blockchain-verified”, but the site contains no chain name, no wallet address, no transaction hash and no block explorer link. Payouts run through Rise, which can settle on-chain, so transactions may exist — but the firm provides no means for a reader to confirm the total independently.

What is the minimum payout?
It depends which document you read. The help centre sets a $250 minimum across all accounts. The funded trader agreement, last modified 31 March 2025, sets $1,000 and states that a request below that “will not be approved and the payout will not be made”. The signed agreement is the governing document in a dispute.

How long do payouts take?
The agreement says five business days. The help centre says 48 hours under normal conditions and, in the same article, that all eligible payouts are processed within 24 hours. That article also carries an active notice that payouts are being batched and delayed, and Trustpilot reviewers reported multi-week waits through 2026.

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.