4PropTrader Review – Detailed Analysis And Key Tips

One of the key benefits for prop trading firms is that regulatory oversight is not required, primarily because all features are practiced in a simulated account. Therefore, they have a bit more freedom in terms of services and conditions.

On the other side, that can be a huge problem. Especially if you work with a company that doesn’t have a good reputation. To find out if this is one of those, read this 4PropTrader review carefully.

Who Owns 4PropTrader Company?

Without regulations required, it’s not surprising that most prop trading firms are fully transparent. The CEO of this trading brand is Mazin Bachtiar Mustafa, and the legal name of the company is 4PRoptrader FZ-LLC. The company is incorporated in the United Arab Emirates, a country becoming increasingly popular in the trading industry.

One key benefit of this prop firm is straightforward access to profits—of course if you stay within the trading rules. However, even with all these benefits, there are no public 4PropTrader reviews.

How Does 4PropTrader Work?

Generally, like any other prop firm, traders have to pass the evaluation phases first. The company charges monthly fees for the evaluation program. Yet, it’s not clear if you have unlimited trials or if you have to pay again if you fail.  

In any case, once you pass the challenge, you’ll get access to a funded account, but again, you have to pay something. This time, it’s an annual fee that goes up to $400. The key potential issue with the 4PropTrader prop firm is a wide range of prohibited activities. Even gambling is forbidden. But who will determine if you gambled or not?

What Trading Plans Does The Company Offer?

One of the biggest flaws with 4PropTrader funded account programs is the limitation of the maximum contract amount. This way, if you want to trade more, you’ll have to pay more. Fairly, seems like a form of pressure that companies like Funded Trading Plus don’t include in their services.

Anyway, all plans include pretty similar conditions, starting with 5 minimum trading days, a 95% profit split, and a 6% profit target. The difference comes from maximum contracts and dynamic drawdown. Therefore, you can opt between: 

• Beginner – $99/month – 1 contract max
• Basic – $110/month – 3 contracts max
• Advanced – $139/month – 5 contracts max
• Pro – $229/month – 12 contracts max
• Exclusive – $280/month – 15 contracts max
• Extreme – $480/month – 25 contracts max

Trading Platforms Offered

Overall, trading platforms can have a huge impact on your results, especially if you are using advanced tools and features. On the positive side, with 4PropTrader legit partnerships with top-notch software providers, you shouldn’t have any issues. You can opt between: 

• Quantower
• ATAS
• Bookmap
• Rithmic

Trading Restrictions

When you look at the company’s trading rules, you might think they don’t want you to succeed. With very illogical restrictions, traders will have quite limited options. Worst of all, the company can easily manipulate everything to look like you violated their rules. To avoid such situations, follow our guide from Delphi Digital and Alpha Trader Firm reviews.

Nevertheless, if you start using 4PropTrader services, you shouldn’t do the following: 

• Achieve profit target in one trade
• Overleverage
• Gamble

At their sole discretion, they can cancel your account at any time whether you have restricted activities or not. Sounds quite cheesy.

4PropTrader Payout Options

As can be seen, the company promotes its crypto payout options. The story behind them is speed, efficiency, security, and global accessibility. To get access to payouts, you’ll have to reach a certain profit target—in this case, 6%. Once you request the withdrawal from your account, it should be processed within 48 hours.

Yet, you should keep in mind that withdrawals on the 4PropTrader account can be requested only on Monday and Friday. And on top of that, it may take up to 2 business days for the funds to reflect. Therefore, their statement about fast crypto transfers falls down the drain. Fairly, we would suggest waiting for a few reviews before testing out their services.

Customer Support

Customer representatives play a huge role in the trading world nowadays. Many traders would back out of deals if they saw unprofessional support features. With only e-mail and live chat, without phone lines available, it’s hard to predict what to expect from them. Or maybe it’s not.

Competitors Taking Over

Even though 4PropTrader and Funded Trading Plus are registered in the same year, the quality difference is obvious. With the maximum transparency of this UK-based prop firm, reliable support features, competitive tools, and fair pricing, it’s clear who you should pick.

Not to mention that Funded Trading Plus has more than 2,000 reviews on platforms like Trustpilot. The total number of satisfied users is most likely a lot higher. The key reasons for this are regular payouts without any hidden conditions, numerous allowed trading features, and various benefits for users, such as giveaways, promotions, and discounts. 

If you are into trading without the risk of losing your capital in the market, be on the right side of prop trading. Don’t waste time with unproven firms. Get started with Funded Trading Plus today and change the course of your trading journey forever!

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