The world of online proprietary trading (“prop trading”) has grown rapidly in recent years, attracting thousands of aspiring traders who dream of managing large capital. Unfortunately, this popularity has also created opportunities for scammers to set up fake prop firms. Proop.co is one such website that disguises itself as a legitimate prop trading firm but is, in reality, a fraudulent operation designed to steal money from unsuspecting traders.
In this detailed review, we break down exactly why Proop.co is a scam, the tactics it uses, and how you can protect yourself.
What Proop.co Claims
On its website, Proop.co presents itself as a modern prop firm offering:
- Funded trading accounts once traders pass an “evaluation challenge.”
- Multiple account sizes ranging from $10,000 to $200,000+.
- Competitive profit splits where traders supposedly keep up to 80–90% of profits.
- Fast payouts, “professional support,” and risk management rules.
At first glance, everything looks professional—just like a real prop firm. But once you dig deeper, the cracks start to show.
Red Flags That Proop.co Is a Scam
1. No Company Transparency
Legitimate prop firms clearly display their corporate registration, office addresses, and legal details. Proop.co hides behind a vague website with no verifiable ownership information. There is no company registration, no regulator oversight, and no real office address.
2. Upfront Challenge Fees Only
The only way Proop.co makes money is by charging traders evaluation fees. Genuine firms use evaluations to find skilled traders and actually provide funding. Fraudulent firms like Proop.co design challenges that are nearly impossible to pass, ensuring a continuous cycle of failed attempts and fee payments.
3. Account Manipulation
Reports from traders suggest Proop.co manipulates trading conditions. Common complaints include:
- Sudden “rule breaches” that disqualify accounts.
- Server delays and unfair stop-outs.
- Profit targets set unrealistically high compared to allowed drawdowns.
This guarantees most traders fail before ever seeing a payout.
4. No Payout Proof
Reputable prop firms showcase verified payout proofs (screenshots, trader testimonials, third-party audits). Proop.co provides none. In fact, traders who manage to pass challenges are met with excuses like:
- “Risk violation detected.”
- “Account under review.”
- “Technical issues—payout delayed.”
Ultimately, payouts never happen.
5. Copy-Paste Website & Fake Reviews
The website looks like a template copy of other scam prop firms. The so-called testimonials and Trustpilot-style reviews are either fake or paid for. A quick search reveals negative experiences from real traders warning others about the fraud.
How Proop.co Traps Victims
- Aggressive Ads – They run promotions on social media, offering “instant funding” and “easy evaluation.”
- Unrealistic Promises – Claims of funding up to $200,000 with minimal effort.
- Psychological Pressure – Traders are urged to “sign up fast” before promotions expire.
- False Hope – Even if you pass, they delay or deny payouts, ensuring they never lose money.
What Real Traders Say
Across Reddit, Forex forums, and trader review sites, the feedback is consistent:
- “They never paid me after passing.”
- “Customer service kept giving excuses until I gave up.”
- “The rules are designed to fail you.”
- “Classic scam—just fee collection.”
These reviews confirm what the red flags already suggest: Proop.co is a scam, not a real prop firm.
How to Protect Yourself
- Research first: Search reviews before depositing any money.
- Check regulation: Genuine firms are registered businesses, even if not regulated like brokers.
- Demand proof: Look for real payout evidence.
- Avoid fake reviews: Be wary of glowing 5-star reviews that look generic.
- Stick to trusted names: There are reputable prop firms (FTMO, The 5%ers, MyForexFunds before its shutdown, etc.) that have track records of paying traders.
What To Do If You’ve Been Scammed
- Stop further payments immediately.
- Contact your bank/credit card provider to request a chargeback.
- Report to regulators in your country (FCA, CFTC, SEBI, etc.).
- Warn others by sharing your experience online.
Final Verdict
After analyzing Proop.co, it’s clear that:
❌ No transparency
❌ No proof of payouts
❌ Manipulated rules
❌ Fake marketing
✅ 100% scam operation
Proop.co is NOT a legitimate prop trading firm. It exists only to collect fees from traders and never pays out a single cent. If you’re serious about trading, stay far away from this site and stick with verified, reputable firms.
⚠️ Don’t let Proop.co steal your hard-earned money. Always do thorough research before trusting any online prop trading company.
