SpiceProp is a proprietary trading platform that provides traders with structured programs designed to evaluate trading performance in a simulated environment. The firm offers access to virtual trading accounts using real-market pricing, with eligible traders able to receive performance-based payouts after meeting the applicable requirements.
The firm’s current product range includes Spice Instant, Spice Instant Pro, Spice 1 Step, Spice 2 Step, Spice 2 Step Pro, and Spice 3 Step. The programs are going around different evaluation structures, allowing traders to choose between direct funding-style accounts and one-, two-, or three-stage evaluations. SpiceProp recently standardized these program names to make the differences between its offerings clearer. The company said the rebranding did not change the existing account rules, drawdowns, or profit-split percentages.
SpiceProp Offering With Instant and Multi-Step Programs
Account sizes vary by program. SpiceProp currently lists options ranging from €1,000 to €300,000, while leverage reaches up to 1:100 on some of its evaluation programs. Profit targets, drawdown limits, and minimum profitable-day requirements differ according to the selected account. For example, the 1-Step program has a 10% profit target, while the 2-Step program uses targets of 7.5% and 5% across its two stages.
Risk management is a central part of SpiceProp’s rules. Funded accounts are subject to a 2% risk limit on a single trading idea, with highly correlated positions treated as combined exposure rather than separate trades. This means traders need to consider their total market exposure when opening multiple positions.
For successful traders, SpiceProp provides performance-based rewards subject to eligibility and verification. Payout requests are available through the dashboard, and the firm currently states that payouts are available to cryptocurrency wallets registered in the trader’s name. Approved payments are typically processed within 24 business hours, although some requests can undergo additional review.
SpiceProp also states that its trading environment is simulated and that it is not a financial institution, investment firm, or regulated broker.
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