LastProp Overview
LastProp is a relatively new prop trading firm that allows traders to engage in financial markets using the company’s capital. Founded in 2023, the firm focuses on attracting Iranian traders and offers several different plans, each of which will be explained in detail in this article.
Company Profile: LastProp
| Feature | Description |
|---|---|
| Company Name | LastProp |
| Website Address | www.lastprop.com |
| Office Location | No.18, Concord TOWER, Riggat Albuteen, Deira, Dubai (according to LastProp’s website) |
| Trading Platform | MT5 |
| Partner Broker | UNFXB |
| Year Founded | 2023 |
| Plans Offered | One-Step – Two-Step – No Challenge |
| Account Balances | From 1K to 100K USD |
Review of the Plans Offered by LastProp
In the following sections, we take a closer look at the trading plans provided by LastProp. The firm offers several different plans designed for traders with varying needs and strategies. This review aims to help traders select the best plan that matches their level of experience and financial objectives. Each plan has its own unique features and restrictions that should be carefully considered.
1. One-Step Plan
Features:
- Daily Allowed Drawdown: 3%
- Overall Allowed Drawdown: 6%
- Profit Target: 10%
- Minimum Trading Days: 2 days
- Real Account Profit Split: Ranges from 30% to 100%
- Trading During News: This plan allows trading during major market news.
LastProp’s Explanation on Profit Splitting for the One-Step Plan:
When purchasing, the withdrawal model is optional and can be selected as follows:
- Daily Withdrawal: Trader’s share of 30%
- Weekly Withdrawal: Trader’s share of 50%
- Biweekly Withdrawal: Trader’s share of 70%
- Monthly Withdrawal: Trader’s share of 100%
✔ After initially choosing the daily model, switching to other models is possible.
2. Two-Step Plan
Features:
- Daily Allowed Drawdown: 5%
- Overall Allowed Drawdown: 12%
- Profit Targets: 8% for Stage One and 4% for Stage Two
- Minimum Trading Days: 5 days
- Real Account Profit Split: Ranges from 80% to 90%
- Trading During News: This plan also allows trading during news events.
This plan, with its higher daily and overall drawdown limits and lower profit targets, provides relatively easy and favorable conditions for traders to qualify for a funded account.
3. Fast Prop (Real) Plan
Features:
- Daily Allowed Drawdown: 5%
- Overall Allowed Drawdown: 5%
- Profit Target: None (the account balance increases each time a 10% profit is achieved)
- Minimum Trading Days: 5 days
- Real Account Profit Split: 50%
- Trading During News: Trading during major market news is permitted.
4. Pro Real (Pro Real) Plan
Features:
- Daily Allowed Drawdown: 5%
- Overall Allowed Drawdown: 5%
- Profit Target: None; however, during the first 3 months, the maximum withdrawable profit per month is capped at 5%.
- Minimum Trading Days: There is no minimum trading days requirement.
- Real Account Profit Split: 60%
- Trading During News: Traders are allowed to trade during important market news.
Comparison of Plans
To better understand the differences among these plans, the table below summarizes the key information for each:
| Feature | One-Step Plan | Two-Step Plan | Fast Prop (Real) | Pro Real (Pro Real) |
|---|---|---|---|---|
| Daily Allowed Drawdown | 3% | 5% | 5% | 5% |
| Overall Allowed Drawdown | 6% | 12% | 5% | 5% |
| Profit Target | 10% | 8% (Stage 1) and 4% (Stage 2) | – | Maximum withdrawable profit in the first 3 months: 5% per month |
| Minimum Trading Days | 2 days | 5 days | 5 days | – |
| Real Account Profit Split | 30% to 100% | 80% to 90% | 50% | 60% |
| Trading During News | Yes | Yes | Yes | Yes |
| Leverage | 1:100 | 1:100 | 1:50 | 1:50 |
Trading Rules for LastProp Plans
In this section, we provide a detailed examination of the trading rules for each of LastProp’s plans. These rules are among the most important factors to consider when choosing a plan, as they can significantly impact a trader’s strategy—covering restrictions on leverage, trade volume, and other specific conditions. A thorough understanding of these rules is essential for traders.
If you wish to share your experiences with LastProp or other prop firms, you can use the user review section on the Fundfa website. There, you can read real user experiences and, by reviewing comprehensive details on services and rules, make the best decision for your needs. Share your experience and help other traders make better decisions.
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Trading Rules in Different Plans
One-Step Plan
In this plan, traders must operate precisely and without violating the following rules:
- Drawdown Limits:
The allowed daily drawdown is 3%, and the overall drawdown is 6%. This means that if a trader loses more than 3% of their account balance on any given day, their account will be closed. - Trade Volume Restrictions:
There are no specific restrictions on trade volume in this plan; however, traders must adhere to the rules regarding minimum and maximum trade volumes. - Prohibition on Trading Robots:
The use of trading robots is prohibited in this plan; all trades must be executed manually. - Use of Leverage:
Traders can use various leverage levels, but they must be cautious as using excessive leverage may lead to issues and account closure.
Two-Step Plan
The rules for this plan are slightly more complex because the trader must first succeed in Stage One before progressing to Stage Two.
- Drawdown Limits:
The allowed drawdown is 5% daily and 12% overall. This higher limit compared to the One-Step Plan permits traders to take on more risk. - Profit Rules:
In Stage One, the trader must achieve an 8% profit, and then in Stage Two, a 4% profit is required. These profit targets differ between stages. - Trade Volume Restrictions:
Similar to the One-Step Plan, there are no specific restrictions on trade volume; however, traders should manage their trade volume in line with their strategies. - Prohibition on Trading Robots:
As with the One-Step Plan, the use of trading robots is prohibited.
Fast Prop (Real) Plan
This plan is specifically designed for traders who seek speed in their trading.
- Drawdown Limits:
The allowed daily and overall drawdown is 5%, meaning traders must be more meticulous in managing their risk. - Use of Trading Robots:
Unlike the other plans, trading robots are permitted in this plan, allowing those with automated strategies greater flexibility. - Trade Volume Restrictions:
There are no restrictions on trade volume in this plan, giving traders greater freedom to trade.
Pro Real (Pro Real) Plan
This plan is designed to ensure sustainable profits over time and is tailored for those pursuing a long-term strategy.
- Drawdown Limits:
The allowed daily and overall drawdown is 5%, helping traders operate consistently and with greater precision. - Trade Volume Restrictions:
Trade volume must be managed more carefully in this plan, which is suitable for traders with long-term strategies. - Use of Trading Robots:
Trading robots are allowed in this plan, but they must strictly comply with LastProp’s specified rules.
Summary of Key Trading Rules Comparison for LastProp
| Feature | One-Step Plan | Two-Step Plan | Fast Prop (Real) | Pro Real (Pro Real) |
|---|---|---|---|---|
| Daily Allowed Drawdown | 3% | 5% | 5% | 5% |
| Overall Allowed Drawdown | 6% | 12% | 5% | 5% |
| Prohibition on Trading Robots | Yes | Yes | No | No |
| Trade Volume Restrictions | None | None | None | Restricted |
| Allowed Leverage | 1:100 | 1:100 | 1:50 | 1:50 |
This detailed translation covers LastProp’s company profile, the various trading plans it offers, a comparative overview of their features, and the specific trading rules that apply to each plan. The comprehensive explanation provided here should assist traders in making an informed decision about which plan best fits their experience and financial objectives.