FuturesUnited States

PropEd Capital

Explore available platforms, evaluation programs and payout rules.

Score: 5/10
Safety grade: C
Founded: Sep 2025
Direct funding: Not available

Read full company overview

PropEd Capital is a United States futures proprietary trading firm operated by PropEd Capital LLC of Lansing, Michigan. It runs four simulated evaluation and instant-funding programs (Standard Evaluation, TrueRisk Evaluation, Instant Funded and TrueRisk Instant Funded) across 15 catalog options from $1,250 to $150,000, all on an 80% profit split with a $500 minimum payout and a biweekly default payout frequency. Trading is on Onyx, a free web-based platform built on TradingView's charting and brokerage API and fed by Rithmic market data, with the firm covering Rithmic data fees; traders may also use R Trader Pro or any Rithmic-approved third-party screen. Accounts use end-of-day drawdown with no daily loss limit, allow overnight and weekday swing holds, news trading, scalping, EAs and copy trading, and pass in real time on unrealized profit with no activation fee. After 4 successful sim-funded payout cycles a trader is reviewed for a live sub-account opened through Ironbeam, with a live starting balance of $2,000 to $5,000 by qualifying account size and a combined live balance capped at $10,000. Hedging is prohibited and weekend holds require a paid add-on.

Profit split80%

PayoutsBiweekly

Platforms

Trading platforms supported by PropEd Capital.

Rithmic

Trading platform supported by this firm.

R | Trader Pro

Trading platform supported by this firm.

Onyx

Trading platform supported by this firm.

Programs & evaluation

Choose from a range of evaluation programs with flexible profit splits and trading conditions.

Profit split: 80%
Programs & evaluation: Multiple programs (see official website)

TrueRisk Eval - 10k

Account size: $10K
Profit target: $15,000
Drawdown model: Static

TrueRisk - Instant Funded - 10k

Account size: $10K
Profit target: $0
Drawdown model: Static

View all 16 programs

TrueRisk Eval - 5k

Account size: $5K
Profit target: $7,500
Drawdown model: Static

TrueRisk - Instant Funded - 5k

Account size: $5K
Profit target: $0
Drawdown model: Static

Standard Eval - 25k

Account size: $25K
Profit target: $1,500
Drawdown model: eod

Standard Eval - 50k

Account size: $50K
Profit target: $3,000
Drawdown model: eod

Instant Funding - 50k

Account size: $50K
Profit target: $0
Drawdown model: eod

Nexus X5 - 50k

Account size: $50K
Profit target: $2,500
Drawdown model: eod

Standard Eval - 100k

Account size: $100K
Profit target: $6,000
Drawdown model: eod

Instant Funding - 100k

Account size: $100K
Profit target: $0
Drawdown model: eod

Standard Eval - 150k

Account size: $150K
Profit target: $9,000
Drawdown model: eod

Instant Funding - 150k

Account size: $150K
Profit target: $0
Drawdown model: eod

TrueRisk Eval - 2.5k

Account size: $2.5K
Profit target: $3,750
Drawdown model: Static

TrueRisk - Instant Funded - 2.5k

Account size: $2.5K
Profit target: $0
Drawdown model: Static

TrueRisk Eval - 1.25k

Account size: $1.25K
Profit target: $1,875
Drawdown model: Static

TrueRisk - Instant Funded - 7.5k

Account size: $7.5K
Profit target: $0
Drawdown model: Static

Payouts & rules

Get paid biweekly with a variety of methods and clear rules.

Payouts & payments: Multiple options (see official website)
Payouts: Biweekly

Payout rules

Notes: Minimum payout is $500 on all 15 plans. The per-payout cap varies by plan from $1,000 to $5,000 and is recorded on each challenge as max_withdrawal_per_payout rather than as a single firm-level maximum. Payout requests are submitted inside the Nexus dashboard, which determines eligibility from the current account state and program terms. Live funded accounts: withdraw any amount of profit above the starting balance at will up to once per day, at the same 80/20 split; the live starting balance is a permanent withdrawal floor and cannot itself be withdrawn.
Proof Note: PropEd may require identity, address, payment, device, sanctions, fraud, tax, or payout verification. Information must match the person who owns and trades the account. Payouts or access may be held while a required verification or compliance review is completed. A valid dashboard-eligible request will be paid, subject to identity, sanctions, tax, payment-destination, fraud, and legally required compliance checks.
Profit split: 80%
Min Withdrawal: 500
Proof Required: Yes
Buffer Required: Varies by program: $0 on Standard Eval and TrueRisk Eval (0% on TrueRisk Eval - 1.25k), 6% on Instant Funding, 120% on TrueRisk Instant Funded.
Processing Time: Live average payout time 1 hr 19 min, displayed on the homepage and updated with each paid payout. The Terms state this displayed processing speed is a live historical average, not a deadline or guarantee for an individual payout.
Payouts: Biweekly
Payout Schedule Note: Default Frequency is Biweekly on every one of the 15 catalog plans (/faq/payouts-profit-splits). A Weekly Payouts add-on is offered at checkout: get paid every 7 days instead of every 14. On a live funded account withdrawals are completely at will, up to once per day, with no biweekly cap and no waiting period.
Profit Split Scaling: 90/10 Profit Split add-on available at checkout: keep 90% instead of 80%, costs 20% of the base plan price.
Consistency For Payout: Funded consistency is 40% on Standard Eval and TrueRisk Eval, and 20% on Instant Funding and TrueRisk Instant Funded. There is no consistency rule on live funded accounts.

Trading rules

Notes: Real-time passing: the evaluation passes the moment account balance including open unrealized P&L touches the profit target, with no need to close the trade or wait for end of day, and the pass holds even if the trade later reverses. No activation fee, and the funded account is created automatically on passing, subject to a 5 funded account limit. EOD-only drawdown with no daily loss limit, and no daily loss limit, inactivity timer or consistency rule on live accounts. Instant Funded and TrueRisk Funded accounts activate immediately after payment; Standard Eval and TrueRisk Eval activate within a few hours during business hours. Refunds: eligible only when no trade has been placed on the account and the request is submitted within 14 days of purchase. Restricted countries (residents and nationals not eligible): Afghanistan, Belarus, Cuba, Iran, Libya, North Korea, Russia, Syria, Yemen. Free paper trading accounts are available in Nexus to anyone with an active paid account. Trading competitions are free for active paid customers and $35 for non-customers. Contract limits in full: Standard Eval 3 / 5 / 10 / 15 minis and 30 / 50 / 100 / 150 micros for 25k / 50k / 100k / 150k; TrueRisk Eval 1 / 3 / 6 / 12 minis and 15 / 30 / 60 / 120 micros for $1,250 / $2,500 / $5,000 / $10,000; Instant Funded 3 / 6 / 9 minis and 30 / 60 / 90 micros for 50k / 100k / 150k; TrueRisk Instant Funded 3 / 6 / 9 / 9 minis and 30 / 60 / 90 / 90 micros for $2,500 / $5,000 / $7,500 / $10,000. 1 mini = 10 micros and they can be mixed as long as micro-equivalent exposure stays inside the limit.
Holding Note: Overnight and weekday swing holds are allowed: PropEd does not force-close positions at end of day and does not apply the blanket 3:45 PM Eastern close rule. Weekend holds are NOT included by default and require a paid add-on: Standard Eval $16.35 / $26.25 / $42.75 / $54.75 for 25k / 50k / 100k / 150k; Instant Funded $89.85 / $142.35 / $194.85 for 50k / 100k / 150k; TrueRisk Instant Funded $89.85 / $89.85 / $194.85; TrueRisk Eval available at checkout. When holding through weekends, risk management systems, auto-liquidation and stop-losses are not active during market close.
Scaling Plan: After 4 successful payout cycles on a sim-funded account a trader is reviewed for a live account; if the trading history matches PropEd's risk profile a live sub-account is opened under PropEd Capital's main capital account through Ironbeam and the trader signs a live agreement. Live starting balance by qualifying sim-funded account size: 25k Standard or $1.25k TrueRisk gives $2,000; 50k or $2.5k TrueRisk gives $3,000; 100k or $5k TrueRisk gives $4,000; 150k or $10k TrueRisk gives $5,000. That balance is multiplied by the number of sim-funded accounts holding at least 1 payout at the time of the 4th payout cycle, with the combined live balance always capped at $10,000. A trader cannot hold sim-funded accounts while a live account is open, and a trader who does not qualify at the risk review must restart from the beginning of the evaluation path.
Scalping Note: Scalping is listed among the allowed trading styles.
Hedging Allowed: Not allowed
Scalping Allowed: Allowed
Max Position Size: Standard Eval 25k/50k/100k/150k: 3/5/10/15 minis. TrueRisk Eval $1,250/$2,500/$5,000/$10,000: 1/3/6/12 minis. Instant Funded 50k/100k/150k: 3/6/9 minis. TrueRisk Instant Funded $2,500/$5,000/$7,500/$10,000: 3/6/9/9 minis. 1 mini = 10 micros.
News Trading Note: News Trading (NFP, FOMC, CPI) is listed among the allowed trading styles. The Terms add that news trading, intraday trading, and weekday swing or overnight holds are permitted where the selected plan and platform allow them.
Allowed Instruments: Stock Index Futures: ES, MES, NQ, MNQ, YM, MYM, RTY, M2K. Energy Futures: CL, MCL, NG, QM. Metals Futures: GC, MGC, SI, SIL, HG, PL. Agricultural Futures: ZC, ZW, ZS, ZM, ZL. Currency Futures: 6E, 6J, 6B, 6A, 6C, 6S, 6N, 6M. Treasury Futures: ZB, ZN, ZF, ZT, GE. Crypto Futures: BTC, MBT, ETH, MET.
Copy trading allowed: Allowed
News Trading Allowed: Allowed
Ea Automation Allowed: Allowed
Prohibited Strategies: Hedging: you cannot hold opposing positions in the same instrument simultaneously, for example long and short ES at the same time. Coordinated hedging across accounts, including opposing positions in a contract and its mini/micro equivalent (long NQ while short MNQ, long ES while short MES, and equivalently YM/MYM and RTY/M2K) and opposing positions in correlated index products (long the Nasdaq complex while short the S&P complex). Group or collusive trading. Multiple or duplicate accounts. Account or credential sharing. Identity misrepresentation. Ban circumvention. Fraud and payment abuse. Latency, price-feed, off-market-quote, platform-error or rule-difference exploitation. Front-running, insider information, account-passing services or performance manipulation. Suspected hedging is flagged for human review before any enforcement action.
Consistency Rule Funded: Funded consistency: 40% on Standard Eval and TrueRisk Eval, 20% on Instant Funding and TrueRisk Instant Funded. No consistency rule on live funded accounts.
Drawdown Type Challenge: End-of-day
Weekend Holding Allowed: Allowed
Drawdown Model Challenge: eod
Overnight Holding Allowed: Allowed
Consistency Rule Challenge: Evaluation consistency: 40% on Standard Eval, 0% on TrueRisk Eval, 20% on Instant Funding and TrueRisk Instant Funded.

What stands out

Published advantages and trade-offs to review before choosing a program.

Key benefits

Fully published catalog: price, profit target, drawdown, withdrawal buffer, consistency, minimum payout and payout cap are listed per plan on /plans and /faq before checkout. One-time fee with no activation fee (the funded account is created automatically on passing). Real-time passing on unrealized P&L: the evaluation passes the moment balance plus open P&L touches the target. EOD-only drawdown with no daily loss limit. Overnight and weekday swing holds allowed (no forced 3:45 PM Eastern close). News trading, scalping, EAs/bots and copy trading permitted. 80% profit split with a 90/10 add-on. Live average payout time of 1 hr 19 min displayed on the homepage with dated payout certificates (most recent 2026-08-03). Free Onyx web platform plus Rithmic data fees covered by the firm. A documented path from sim-funded to a live Ironbeam sub-account after 4 payout cycles. TrustPilot 4.5 from 42 reviews.

Things to consider

Very new company: Michigan LLC created 2025-09-19 and the TrustPilot profile was only claimed in November 2025, so there is a short track record. Weekend holding is not included, it requires a paid add-on ($16.35 to $194.85 depending on plan). Hedging is banned, including offsetting mini/micro pairs and opposing positions in correlated index complexes. Payout caps are per plan and low relative to account size ($1,000 to $5,000 per payout) with a $500 minimum and a biweekly default frequency. TrueRisk Instant Funded plans require a 120% withdrawal buffer. Live capital is capped at a combined $10,000 and you cannot hold sim-funded accounts while a live account is open. Maximum 5 funded accounts. The firm is not regulated by any financial authority and states it is not a broker, FCM, CTA or exchange. Payout methods are not published on any public page. Available account rules are described as catalog-defined and the checkout summary and account agreement are stated to override the marketing pages.

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