All Share (J203) = 88 342
Rand / Dollar = 18.56
Rand / Pound = 23.33
Rand / Euro = 19.32
Gold (usd/oz) = 2 921.95
Platinum (usd/oz) = 970.60
Brent (usd/barrel) = 76.15
Trade +10,000 CFDs with Tight Raw Spreads. – Trade Now!

Propexito Review

Propexito Review - Main Banner

 

Propexito is a proprietary trading company that funds skilled traders who have proven themselves in demo accounts by giving them the opportunity to trade their live capital and keep 90% of the profits. Traders do not pay a deposit, rather they prove what they can do in trading and utilize the capital of the firm.

 

🛡️Operates outside financial regulatory frameworks.
🛡️2208 new traders chose this broker in the last 90 days.

 

Trading Challenges

Classic and Speedy

Funding Amount

Simulated capital

Trading Timeframe

Varies by challenge type

Profit Split

Profit-sharing system

Drawdown Limits

Set for each challenge

Regulation

Not a regulated broker

Company

Basilisko Limited, Cyprus-based

 

Propexito Review – Analysis of Broker’s Main Features

  1. 🕸️Propexito Spider Chart
  2. 💡Propexito at a Glance
  3. 📄Overview
  4. 🛡️Propexito’s Legitimacy and Regulation in South Africa
  5. 👥How to Open a Propexito Account from South Africa
  6. 📲Propexito’s Account Types and Funding Challenges
  7. ⚙️Understanding Propexito’s Trading Conditions
  8. 📊Market Access and Tradable Instruments
  9. 🔖Trading Rules and Restrictions South Africans Need to Know
  10. 💳Profitability and Payouts for South African Traders
  11. ⚖️How Propexito Compares to Other Prop Firms in South Africa
  12. 📝Propexito’s Industry Partnerships and Technology
  13. 🤝The Propexito Affiliate Program – Is It Worth It?
  14. 📞Trader Experience – Support and Community in South Africa
  15. 📍Legal Considerations for South Africans
  16. 📋Reputation and Feedback from South African Traders
  17. ⚖️Pros and Cons
  18. 📝Conclusion
  19. Frequently Asked Questions

 

Propexito Spider Chart

Propexito Spider Chart

 

Here are the ratings for Propexito.com on a scale of 1 to 10:

  • Leverage & Capital: 8/10 (High leverage up to 1:200 and account sizes up to $200,000)
  • Platform Usability: 7/10 (Uses Match-Trader, which is user-friendly but less popular than MetaTrader)
  • Educational Resources: 4/10 (Limited or no structured educational materials for traders)
  • Customer Support: 6/10 (Global support available, but no local South African office or multilingual support)

 

Propexito at a Glance

CategoryDetails
Company Information
🏷️Company NamePropexito
📍Headquarters LocationCyprus
📅Year Established2024
👤South African OfficeNo
🛡️Regulation
Unregulated
💼FSCA Regulation
No
🕵️‍♂️Registration NumberHE466638 (Cyprus)
💻Trading Platform UsedMatch-Trader
📌Profit TargetsVaries by challenge type (e.g., Classic Challenge: 8% Phase 1, 5% Phase 2)
🔖Challenge PricingVaries based on account size (e.g., $49 for a $5,000 account)
📉Leverage (Forex)1:200 (Classic Challenge), 1:50 (Speedy Challenge)
📈Leverage (Indices)1:20
📊Leverage (Commodities)1:20
💎Leverage (Crypto)1:2
💰Payout FrequencyBiweekly
🔋Maximum Drawdown10% (Classic Challenge), 8% (Speedy Challenge)
🪙OZOW and Other Local Payment MethodsMight be available,
local payment methods not specified on the official website
📏Available Account Sizes$5,000 to $200,000
❓Can I Withdraw in ZAR?No, withdrawals in USD,
funds will be converted to ZAR
🗓Weekend Holding RulesAllowed for some account types
🔁Minimum Trading Positions Required12
💸Affiliate Commission Structure10% (1-50 referrals),
15% (51-100 referrals),
20% (100+ referrals)
🌍South African-Based SupportNo local office,
global support channels are available
🇿🇦ZAR Accounts AvailableNo
💵Profit Split PercentageUp to 90% for successful traders
🚫Trading RestrictionsNews trading restrictions, banned strategies
(e.g., arbitrage,
high-frequency trading)
📊Supported Asset ClassesForex,
Indices,
Commodities,
Crypto
📉Daily Loss Limit5% (Classic Challenge), 4% (Speedy Challenge)
💳Payment Methods AcceptedCredit/Debit Cards,
Bank Wire,
Crypto,
Local Payment Gateways
📞Customer Support ChannelsLive chat,
Email support,
Support tickets
🚨News Trading PolicyNo trading within a set time before or after major news releases
⭐Trustpilot Rating4.7/5
🇿🇦Support in Zulu, Xhosa, AfrikaansNo
🔽Evaluation TypesClassic Challenge,
Speedy Challenge
👉Open Account👉 Open Account

 

Overview

Overview

 

Propexito is a proprietary trading firm that funds traders through a structured evaluation process rather than requiring deposits like traditional brokers.

Launched in 2024 and operated by Basilisko Limited, a Cyprus-registered company, Propexito allows traders to access virtual-funded accounts once they pass one of the evaluation challenges.

Unlike brokers that profit from client deposits and trading losses, Propexito earns revenue from challenge fees and shares a portion of successful traders’ profits.

Traders who qualify receive a profit split of up to 90%, depending on account performance. Leverage is set at 1:200 for forex in the Classic Challenge and 1:50 in the Speedy Challenge, with various account sizes available.

Since Propexito does not handle client funds, it falls outside traditional financial regulations applied to brokers.

South Africa’s economic landscape makes the Propexito model appealing to many traders. With unemployment exceeding 32% and many individuals seeking alternative income streams, proprietary trading presents an opportunity to trade without risking personal capital.

Unlike local brokers, which often require a minimum deposit and margin funding, Propexito removes this barrier, making trading accessible to those who might not have large startup funds.

Another key aspect is the profit split, which allows traders to keep most of their earnings without worrying about high commission fees or trading costs that South African brokers typically impose.

 

Is Propexito the Right Choice for South African Traders?

Getting into trading isn’t easy in South Africa. Over 32% of people are unemployed, and even those with employment don’t always have the necessary funds to open a trading account, especially considering the weaker South African Rand against other major currencies like USD, GBP, and EUR.

Local brokers require deposits, and margin trading comes with strict FSCA regulations, making it difficult for traders to get started.

That’s where Propexito comes in. Unlike conventional forex brokers, it doesn’t ask traders to risk their own money—it funds those who pass its challenge.

But does this make Propexito a good fit for South African traders? Let’s break it down, looking at how it compares to brokers, which features stand out, and what traders should know about its proprietary trading model.

 

What Makes Propexito Different from a Broker?

Propexito isn’t a broker. It doesn’t take deposits, it doesn’t execute trades on the open market, and it doesn’t make money when traders lose.

Instead, it runs evaluation challenges—traders pay a fee to prove they can manage risk, and those who pass get access to a funded account with profit splits of up to 90%.

Conventional South African brokers work differently. They require traders to fund their accounts, which means any losses come straight out of pocket. Many are regulated by the FSCA, meaning leverage is capped, and compliance is strict.

While regulation has benefits, it also means traders must commit real money upfront, which isn’t an option for everyone in an economy where the unemployment rate is one of the highest in the world.

 

🚀Comparison🏆Propexito🇿🇦South African Brokers
💰Deposits RequiredNoYes
⚠️Risk to TraderChallenge Fee OnlyPersonal Capital
💵Profit SplitsUp to 90%N/A (traders keep profits)
🛡️Regulated by FSCANoYes
📉Leverage1:50 – 1:200FSCA-capped levels

 

Key Features That Appeal to South African Traders

Propexito’s gives traders access to capital without the risk of losing their savings. That’s a big deal in South Africa, where access to trading funds is limited, and many traders turn to unregulated offshore brokers to bypass FSCA restrictions.

Here are features that stand out for South African traders:

  • No upfront capital risk – Unlike conventional brokers that require a deposit, Propexito funds traders who pass its challenge.
  • Profit splits up to 90% – This is higher than many local brokers, where traders keep 100% of their profits but pay commissions, spreads, and overnight fees.
  • Challenge-based funding – Traders can prove their skills instead of relying on personal capital, making trading accessible in a high-unemployment economy.
  • No FSCA restrictions – While South African brokers are regulated, they also have leverage limits and compliance requirements that Propexito bypasses.
  • Leverage up to 1:200 – Higher than FSCA-regulated brokers, often limiting leverage for retail traders.
  • No margin calls – Since traders don’t risk their own money, there’s no risk of a broker liquidating positions due to insufficient funds.
  • Multiple account sizes – Traders can scale up with larger funded accounts, something South African brokers don’t normally offer.
  • No commissions or spread markups – Unlike conventional brokers, Propexito earns from challenge fees, not from spreads or commissions.
  • Flexibility to trade major markets – Access to forex, indices, commodities, and crypto without FSCA-imposed restrictions.
  • Alternative to offshore brokers – Instead of taking risks with unregulated offshore platforms, traders get a structured prop firm model.

 

Understanding the Proprietary Trading Model

Proprietary trading firms fund traders with company capital instead of requiring personal deposits. Propexito follows this model, running evaluation challenges where traders must hit profit targets and follow risk rules before accessing funded accounts.

Many traders mistake prop firms for brokers, but they operate completely differently. Brokers profit from spreads, commissions, and client losses, while firms like Propexito only profit from challenge fees and successful traders’ profits.

 

Propexito’s Legitimacy and Regulation in South Africa

South African traders are often skeptical about unregulated financial platforms and for good reason.

The Financial Sector Conduct Authority (FSCA) sets strict rules for conventional brokers, and traders are used to seeing the FSCA license as a sign of legitimacy. But does Propexito’s lack of FSCA regulation mean it’s a scam? No.

Propexito isn’t a broker—it’s a proprietary trading firm. It doesn’t hold client deposits, provide leverage, or execute trades for retail customers. Instead, it funds traders who pass its challenge, meaning it falls outside the FSCA’s regulatory scope.

However, this also means traders must understand how Propexito operates, the risks involved, and the safeguards in place.

 

Trading Challenges

Classic and Speedy

Funding Amount

Simulated capital

Trading Timeframe

Varies by challenge type

Profit Split

Profit-sharing system

Drawdown Limits

Set for each challenge

Regulation

Not a regulated broker

Company

Basilisko Limited, Cyprus-based

 

Is Propexito Regulated by the FSCA?

No, Propexito is not FSCA-regulated because it does not meet the criteria for financial service providers under South African law.

The FSCA oversees brokers, investment firms, and financial advisors that accept deposits, offer financial products, or execute trades on behalf of clients. Since Propexito does none of these things, it doesn’t require a license.

Regulation in South Africa is designed to protect investors from broker-related risks, like account manipulation, unfair trading conditions, and fund mismanagement. However, since Propexito’s business model doesn’t involve handling client funds, it isn’t subject to the same rules.

 

How Prop Firms Operate Without Traditional Regulation

Just because Propexito isn’t FSCA-regulated doesn’t mean it operates outside legal boundaries. Instead of relying on government oversight, prop firms enforce their own internal risk controls to ensure fair trading conditions.

Here’s how Propexito functions without traditional regulation:

  • No Client Deposits: Unlike brokers, Propexito doesn’t take money from traders to fund their accounts—traders only pay an evaluation fee.
  • Internal Risk Management: Propexito monitors all trader activity, ensuring rules are followed and market stability is maintained.
  • Predefined Payout Structure: Successful traders receive up to 90% of profits, with withdrawals processed under a set schedule, removing payout uncertainty.
  • Clear Trading Rules: Unlike unregulated brokers that can manipulate trades, Propexito outlines all restrictions upfront so traders know the conditions before joining.

 

How to Open an Account from South Africa

Getting started with Propexito is straightforward, but South African traders should check for country-specific restrictions before purchasing a challenge.

Signing up with Propexito involves a structured process that includes registration, verification, and payment setup before traders can begin an evaluation.

While the sign-up steps are the same globally, South African traders have additional considerations, such as navigating local payment methods and ensuring compliance with FSCA-related identity verification standards.

 

Step 1: Sign Up

Go to Propexito’s website and click on “Start Trading Now”

 

How to Open an Account from South Africa step 1

 

Step 2: Fill in the Form

Fill in your details. Enter a valid email address and create a password.

 

How to Open an Account from South Africa step 2

 

Step 3: Choose a Challenge

  • Confirm the email address through the verification link sent by Propexito.
  • Choose between the Classic and Speedy Challenges based on trading style and risk preference.
  • Review the profit targets, drawdown limits, and time constraints before purchasing.
  • South African traders should confirm that their preferred payment method is available before proceeding.

 

Step 4: Complete the Registration

  • After purchasing a challenge, traders will receive login details for the trading platform.
  • Reading the evaluation rules carefully before placing a trade is critical, as violations can lead to account disqualification.

 

Verification, KYC, and Compliance Requirements

Propexito enforces Know Your Customer (KYC) verification like most financial platforms to prevent fraud. South African traders must submit specific documents to complete this step.

Required Documents for South African Traders:

  • Government-issued ID (passport, driver’s license, or national ID).
  • Proof of residence (utility bill or bank statement issued within the last three months).
  • Payment verification (if using a bank card, some users may be asked to provide a photo of the card with certain details hidden).

 

Propexito’s KYC process ensures that traders are who they say they are and prevents identity fraud.

 

Propexito’s Account Types and Funding Challenges

Propexito’s Account Types and Funding Challenges

 

Propexito offers virtual-funded trading accounts through two evaluation models: the Classic and Speedy Challenge. Traders do not deposit capital to trade but must pass an evaluation to qualify for a funded account.

The cost of these challenges varies depending on account size, and South African traders should factor in ZAR conversion rates and payment fees before purchasing.

Each challenge has different risk levels, profit targets, and trading conditions, allowing traders to choose one that matches their trading style. Below, we explain how Propexito funds traders, the differences between the challenges, and the cost considerations for South Africans.

 

How Does Propexito Fund Traders?

Unlike conventional South African brokers, where traders deposit money and take on full risk, Propexito only funds traders who prove they can manage risk effectively. This is done through an evaluation process where traders must:

  • Purchase a challenge (Classic or Speedy).
  • Hit profit targets without exceeding drawdown limits.
  • Follow all trading rules until completion.

 

Once a trader passes, they receive a funded account, where they trade with virtual capital and earn a profit split of up to 90%.

 

Choosing Between Classic and Speedy Challenges

The Classic Challenge is a two-step evaluation, requiring traders to hit profit targets across both phases before receiving a funded account. The Speedy Challenge is a one-step model, allowing traders to qualify faster but with stricter risk management rules.

 

⚡Feature🏆Classic Challenge🚀Speedy Challenge
📊Evaluation Steps21
⏳Minimum Trading Days10 (Phase 1) + 10 (Phase 2)5
🎯Profit Target8% (Phase 1), 5% (Phase 2)10%
⚠️Daily Drawdown Limit5%4%
📉Overall Drawdown Limit10%8%

 

Which Challenge is Best for South African Traders?

  • Classic Challenge: Suited for traders who prefer a structured, multi-phase evaluation with more room for risk management.
  • Speedy Challenge: Better for traders confident in their strategy and willing to trade within stricter risk parameters to qualify faster.

 

Account Sizes and Costs Converted to ZAR

Challenge costs depend on account size, which affects profit potential and trading limits. South African traders should consider exchange rates, bank fees, and processing costs before selecting an account.

Estimated Challenge Costs in ZAR (Based on Current Exchange Rates, which are subject to change)

 

Trading Challenges

Classic and Speedy

Funding Amount

Simulated capital

Trading Timeframe

Varies by challenge type

Profit Split

Profit-sharing system

Drawdown Limits

Set for each challenge

Regulation

Not a regulated broker

Company

Basilisko Limited, Cyprus-based

 

Classic Challenge – Account Sizes in ZAR

Propexito’s Account Types and Funding Challenges Classic Challenge

 

💵Account Size (USD) 🇿🇦Equivalent in ZAR
💰$5,000R93,200
💰$10,000R186,400
💰$25,000R466,000
💰$50,000R932,000
💰$100,000R1,864,000
💰$200,000R3,728,000
👉Open Account👉 Open Account

 

Speedy Challenge – Account Sizes in ZAR

Propexito’s Account Types and Funding Challenges Speedy Challenge

 

💵Account Size (USD) 🇿🇦Equivalent in ZAR
💰$10,000R186,400
💰$15,000R279,600
💰$20,000R372,800
💰$50,000R932,000
💰$100,000R1,864,000
💰$200,000R3,728,000
👉Open Account👉 Open Account

 

Understanding Propexito’s Trading Conditions

Trading conditions can make or break a trader’s profitability. Costs, execution speed, leverage, and market access influence traders’ performance.

Propexito provides a structured trading environment with specific leverage, spreads, and commission rules, which differ from what South African brokers offer.

While most South African brokers use MetaTrader 4 or 5, Propexito operates on Match-Trader, a platform with TradingView integration and built-in risk monitoring.

South African traders should compare Propexito’s market access and fee structure with local brokers to see if it aligns with their strategy and capital.

 

Trading Platform Overview – What Does Propexito Use?

Propexito runs on Match-Trader, a multi-device platform that integrates TradingView charting tools, allowing advanced technical analysis, fast execution, and automated trading support.

How It Compares to Common South African Broker Platforms:

  • MetaTrader 4 (MT4): Used by most South African brokers, it offers basic charting and algorithmic trading (Expert Advisors).
  • MetaTrader 5 (MT5): Supports more order types, additional timeframes, and an economic calendar.
  • Match-Trader: Integrates TradingView, provides real-time performance tracking, and has a built-in risk dashboard.

 

Match-Trader’s interface might take some adjustment for traders used to MT4 or MT5. However, it offers advantages in customization and trade monitoring, which can help South African traders manage risk more effectively.

 

Market Access and Tradable Instruments

Propexito allows trading across forex, indices, commodities, and crypto, but the asset list differs from what South African brokers typically offer. Propexito does not list the markets you can access, but most platforms typically offer the following:

  • Forex: Major, minor, and exotic pairs.
  • Indices: Global stock indices like NASDAQ and S&P 500.
  • Commodities: Metals, oil, and soft commodities.
  • Cryptocurrency: Bitcoin, Ethereum, and altcoins.

 

How This Compares to South African Brokers

  • Forex access might be similar, though some South African brokers offer more exotic ZAR-based pairs.
  • Propexito focuses on global indices, while local brokers provide access to JSE-listed indices.
  • Cryptocurrency trading is available, whereas many FSCA-regulated brokers offer limited crypto trading due to regulatory constraints.

 

Forex Trading (Including ZAR Pairs)

Propexito offers access to forex pairs but doesn’t specifically list ZAR trading pairs. Typical forex pairs might include:

  • Major pairs: EUR/USD, GBP/USD, USD/JPY
  • Minors: AUD/NZD, EUR/GBP, GBP/CAD
  • Exotics: USD/SGD, and others.

 

South African brokers generally provide more ZAR-based pairs, which can benefit traders focused on the local economy. Propexito offers leverage up to 1:200 on forex, while FSCA-regulated brokers have stricter caps on retail trading.

 

Indices, Commodities, and Precious Metals

Propexito gives access to global indices and commodities, typically including gold, oil, and silver, but does not provide exposure to JSE-listed indices like some South African brokers. The list of exact instruments is not available, but common instruments could include:

  • Indices: NASDAQ, S&P 500, Dow Jones
  • Metals: Gold, silver, platinum
  • Oil: Brent crude, WTI crude

 

Leverage, Spreads, and Commissions for South African Traders

Propexito’s trading costs and leverage limits differ from those found with conventional South African brokers, subject to FSCA-imposed restrictions on leverage and pricing models.

Below is a breakdown of Propexito’s leverage structure, spreads, and commissions to help traders understand how these costs impact profitability.

 

Leverage Limits on Propexito

Unlike FSCA-regulated brokers that often cap forex leverage between 1:30 and 1:100, Propexito provides up to 1:200 for forex trades in the Classic Challenge.

Commodities and indices are limited to 1:20, while crypto leverage is capped at 1:2, significantly lower than offshore brokers that may offer 1:10 or higher.

Additionally, Propexito enforces a 100% stop-out level, meaning that all open positions will be closed if margin levels drop below this threshold. This differs from South African brokers, which often allow stop-out levels as low as 50% or 80%, giving traders more time to manage their positions.

 

📊Asset Class🏆Leverage (Classic Challenge)⚡Leverage (Speedy Challenge)
💱Forex1:2001:50
📈Indices1:201:20
⛏️ Commodities1:201:20
₿Crypto1:21:2

 

Spreads & Commissions on Propexito

Propexito offers raw spreads but charges commissions per lot depending on the asset class. Here’s the breakdown:

  • Unlike South African brokers, which often mark up spreads instead of charging commissions, Propexito’s raw spread model ensures that traders get market prices without hidden fees.
  • However, the $5 commission per forex and commodity lot means that cost-conscious traders must consider how trading frequency affects their expenses.

 

📊Asset Class🏆Spreads⚡Commission per Lot
💱ForexRaw$5
📈IndicesRaw$0
⛏️ CommoditiesRaw$5
₿CryptoRaw$0

 

Trading Rules and Restrictions South Africans Need to Know

Every trader wants the freedom to execute trades as they see fit, but Propexito enforces strict trading rules to manage risk and maintain fair trading conditions. These rules affect how much traders can lose daily, which strategies are allowed, and how trades are executed.

South African traders must comply with these restrictions to avoid losing their accounts.

Unlike FSCA-regulated brokers that allow varied trading styles with fewer restrictions, Propexito has preset limits on drawdowns, banned trading tactics, and execution policies determining how trades are managed.

 

Risk Management – Maximum Loss Limits and Drawdowns

Propexito monitors daily and overall account losses to ensure traders manage risk effectively. Traders must stay within these limits to avoid automatic disqualification.

 

Propexito’s Loss Limits and Drawdowns

📊Risk Factor🏆Classic Challenge⚡Speedy Challenge
💱Daily Loss Limit5%4%
📈Max Overall Drawdown10%8%
⛏️ Stop-Out Level100% Margin100% Margin
⏳Min Trading Days10 per phase5 total
👉Open Account👉 Open Account👉 Open Account

 

How This Compares to South African Brokers

  • FSCA-regulated brokers don’t enforce daily loss limits, allowing traders to manage their own drawdowns.
  • Most South African brokers have margin stop-outs at 50%–80%, meaning traders have more flexibility before liquidating positions.
  • Propexito’s mandatory minimum trading days mean traders cannot pass the challenge in one day, unlike some brokers, where traders can trade freely without time constraints.

 

Prohibited Trading Strategies That Can Get You Banned

Arbitrage and Latency Exploits

Arbitrage trading involves exploiting small price differences across brokers or liquidity providers. Latency exploits occur when traders take advantage of execution delays to profit unfairly.

Why It’s Banned:

  • Propexito operates in a simulated trading environment, meaning price discrepancies differ from live markets.
  • Using latency-based strategies can result in manipulated trading outcomes against Propexito’s risk policies.

 

South African traders who previously used arbitrage methods with offshore brokers must switch to a more traditional trading strategy to comply with Propexito’s rules.

 

Copy Trading and Automated Systems

Propexito does not allow:

  • Expert Advisors (EAs) or trading bots.
  • Copy trading services or signal mirroring.

 

Why It’s Banned:

  • The firm funds individual trader performance, meaning all trades must be manually executed.
  • Automated systems can be manipulated to pass evaluations unfairly.

 

South African brokers commonly allow EAs and copy trading, so traders relying on automated strategies must trade manually on Propexito.

 

High-Frequency Trading and Toxic Flow

HFT involves executing trades at extreme speeds, while toxic flow refers to trading behavior that distorts liquidity.

 

Why It’s Banned:

  • Propexito’s trading model relies on controlled order execution, making HFT strategies too risky.
  • Unnatural trading patterns trigger system flags, leading to disqualification.
  • Propexito’s trading model relies on controlled order execution, making HFT strategies too risky.
  • Unnatural trading patterns trigger system flags, leading to disqualification.

 

South African traders who previously used scalping or rapid-fire strategies must adjust to slower, more controlled trade execution.

 

News Trading, Weekend Holding, and Execution Policies

  • News Trading Restrictions
  • Propexito does not allow trading within a set time window before or after major news releases.
  • South African brokers typically allow news trading, meaning traders must adjust to avoid violating these rules.
  • Weekend Holding Rules
  • Positions must be closed before the weekend—overnight holding is not allowed.
  • FSCA-regulated brokers allow holding trades over weekends, but Propexito enforces a strict flat-risk policy.
  • Order Execution Policies
  • Propexito’s execution speed depends on simulated conditions, which can differ from live broker execution.
  • South African brokers provide real-market execution, meaning traders must adapt to potential slippage and differences.

 

Profitability and Payouts for South African Traders

A trading firm’s payout structure directly impacts how much traders can earn, and Propexito’s profit split model determines how much of a trader’s success translates into actual income.

South African traders must consider withdrawal methods, processing times, and potential conversion fees when planning their payouts.

Unlike South African brokers, where traders keep 100% of their profits but also take on full financial risk, Propexito follows a profit-sharing model.

 

How and When Do Payouts Work?

Propexito follows a biweekly payout system, meaning traders receive withdrawals every 14 days, provided they have made profits in their funded accounts. The first payout is available seven days after placing the first trade, and subsequent withdrawals follow the biweekly cycle.

Here’s how Propexito’s payout model works:

  • Traders must generate profits in their funded accounts—withdrawals are only available when there are earnings.
  • Payouts are processed every two weeks, ensuring consistent access to funds.
  • The default profit split is 80%, potentially increasing to 90% for consistent performance.
  • Withdrawals are made via bank wire or crypto, depending on trader preference.

 

Comparison to South African Brokers

  • South African brokers allow daily withdrawals, while Propexito follows a biweekly structure.
  • FSCA-regulated brokers process local bank transfers, while Propexito uses international bank wires and crypto.
  • Broker withdrawals are instant to 48 hours, while Propexito’s processing depends on payment method selection.

 

Available Withdrawal Options in South Africa

Propexito offers multiple payment options, including local and international methods. Still, some may be better for South African traders due to processing times, fees, and exchange rate fluctuations.

 

💳 Payment Method⏳Processing Time💰Fees🌍 Availability in South Africa
💳Credit/Debit CardsInstantPossible feesWidely available,
might support ZAR payments
🏦Wire Transfers2–5 business daysBank fees applyAvailable but slower due to local bank processing
₿Crypto Payments30 minutes – 1 hourVaries by exchangeSupports BTC USDT—avoids bank fees
🌐Local Payment GatewaysInstant to 24 hoursMight include some transaction feesMight support South African methods

 

Profit Splits – How Much Can You Keep?

Propexito follows a performance-based payout system, where traders receive a percentage of their profits based on consistency.

  • Standard Profit Split:
  • 80% profit share for all funded traders.
  • Up to 90% profit share for consistent performers who maintain strong risk management.
  • Comparison to South African Brokers
  • FSCA-regulated brokers allow traders to keep 100% of profits, but traders must risk their own money.
  • Propexito’s profit split structure means no capital risk, but traders share a portion of earnings.
  • Some offshore prop firms offer similar splits, but Propexito provides structured increases for consistent traders.

 

How Propexito Compares to Other Prop Firms in South Africa

Competitor Comparison – Fees, Payouts, and Rules

 

Here’s a side-by-side look at Propexito and other prominent prop firms available to South African traders:

 

🏢Firm💰Evaluation Fee💵Account Sizes💸Profit Split📊Evaluation Model🔥Key Features
🚀PropexitoVaries by account size; e.g., $49 for $5,000 account$5,000 to $200,000Up to 90%Two-phase evaluation (Classic and Speedy Challenges)Offers both Classic and Speedy Challenges,
utilises Match-Trader platform with TradingView integration,
provides raw spreads with competitive commissions
🏆Alpha Capital HoldingsNot specifiedNot specifiedTargets top 1% of tradersTwo-phase evaluation (Classic and Speedy Challenges)Focuses on funding high-performance traders,
aims to establish South Africa’s first and largest online trading floor
🌐OANDA Prop TraderNot specifiedNot specifiedUp to 90%Challenge-based evaluationEnables traders to become signal providers on a profit-sharing basis,
offers payment options, including credit/debit cards and cryptocurrencies
🌍FTMOFrom €155Up to $2,000,000Up to 90%Two-phase evaluationGlobally recognised,
offers a wide range of instruments including forex,
indices,
metals,
commodities,
stocks,
and crypto
provides platforms like MT4,
MT5,
cTrader,
and DXtrade

 

What Propexito Offers That Others Don’t

Propexito distinguishes itself in several ways:

  • Diverse Evaluation Models: Offers both Classic and Speedy Challenges, catering to different trading styles and preferences.
  • Advanced Trading Platform: Utilises Match-Trader with TradingView integration, providing a user-friendly interface and advanced charting tools.
  • Transparent Cost Structure: Provides raw spreads with clear commission rates, ensuring traders understand their trading costs upfront.

 

Downsides of Propexito Compared to Alternatives

While Propexito has its strengths, there are areas where competitors may offer advantages:

  • Limited Account Size Options: Competitors like FTMO offer account sizes up to $2,000,000, whereas Propexito’s maximum is $200,000.

 

What Propexito Offers That Others Don’t

Propexito distinguishes itself in several ways:

  • Diverse Evaluation Models: Offers both Classic and Speedy Challenges, catering to different trading styles and preferences.
  • Advanced Trading Platform: Utilises Match-Trader with TradingView integration, providing a user-friendly interface and advanced charting tools.
  • Transparent Cost Structure: Provides raw spreads with clear commission rates, ensuring traders understand their trading costs upfront.

 

Downsides of Propexito Compared to Alternatives

While Propexito has its strengths, there are areas where competitors may offer advantages:

  • Limited Account Size Options: Competitors like FTMO offer account sizes up to $2,000,000, whereas Propexito’s maximum is $200,000.
  • Platform Familiarity: Traders accustomed to platforms like MetaTrader 4 or 5 might find Propexito’s Match-Trader platform less familiar.
  • Specific Regional Focus: Firms like Alpha Capital Holdings focus on South African traders, potentially offering more tailored support and community engagement.

 

Propexito’s Industry Partnerships and Technology

Propexito’s Industry Partnerships and Technology

 

Propexito collaborates with several global market data providers and financial platforms to enhance its trading environment. These partnerships provide real-time pricing, institutional-grade analytics, and execution tools, but South African traders should be aware of certain limitations.

 

Key Partnerships and Their Benefits

  • dxFeed provides high-speed market data for forex, indices, and commodities.
  • TradingView offers offers advanced charting, technical indicators, and trade execution tools.
  • Interactive Brokers provides deep liquidity and access to institutional trading infrastructure.
  • Bloomberg, Yahoo Finance, and Nasdaq deliver financial news, corporate earnings reports, and macroeconomic data.

 

How These Partnerships Benefit South African Traders

  • Reliable Market Data – Since South Africa’s financial markets are smaller than those in the U.S. or EU, accessing international liquidity sources through dxFeed and Interactive Brokers improves trade execution quality.
  • Advanced Charting Tools – TradingView’s integration allows South African traders to perform detailed technical analysis beyond what many local brokers offer.
  • Institutional-Grade Insights – Bloomberg and Nasdaq provide global economic news.

 

Shortcomings for South African Traders

  • No Local Partnerships – Propexito does not integrate with JSE-listed market data providers or FSCA-regulated financial services, unlike some South African brokers.
  • No Direct Access to South African Financial News – Traders relying on local economic indicators must source information separately.

 

The Propexito Affiliate Program – Is It Worth It?

The Propexito affiliate program offers South African traders a way to earn commissions by referring others to the platform. Below, we explore how the program works and evaluate the commission structures, payout schedules, and promotional restrictions.

 

How to Earn Referral Commissions in South Africa

Joining the affiliate program is free, and traders can sign up through Propexito’s website or by contacting the affiliate team. Once approved, affiliates receive a unique referral link to share on blogs, social media, and trading communities.

 

Unlike standard referral programs that pay for sign-ups, Propexito rewards affiliates based on trader activity, meaning commissions are only earned when referred traders actively participate.

South African affiliates should note that compliance with FSCA advertising rules may limit certain promotional methods. Paid advertising using the Propexito brand name is not allowed, and misleading claims about guaranteed profits can lead to account suspension.

 

Commission Structure and Payout Schedule

Affiliates earn a percentage of Propexito’s revenue based on the number of active traders they refer. The commission structure is tiered:

  • 1–50 referrals: 10% commission
  • 50–100 referrals: 15% commission
  • 100+ referrals: 20% commission

 

Payouts are processed biweekly, with a minimum withdrawal threshold of $100. Payment options include bank wire transfers and cryptocurrency, ensuring flexibility for South African affiliates.

 

Restrictions on Referral Traffic and Promotions

Affiliates must follow Propexito’s marketing policies to remain eligible for commissions. Key restrictions include:

  • No misleading advertisements: Affiliates cannot claim guaranteed earnings or misrepresent Propexito’s trading model.
  • No third-party payments: Affiliates cannot accept funds on behalf of referrals.
  • No referrals from restricted regions: Traders from countries like Cuba, North Korea, and the U.S. are not eligible.
  • No fraudulent activity: Any attempt to manipulate the system results in forfeited commissions.

 

Trader Experience – Support and Community in South Africa

A trading platform’s support system and trader community can make a difference in user experience. South African traders often rely on responsive support, clear communication, and active trading communities to navigate the challenges of prop trading.

Since Propexito is a relatively new firm, traders may wonder whether its support structure is reliable and whether the platform offers a strong network for engagement.

 

What the Propexito Dashboard Offers

Propexito’s dashboard functions as the main hub for traders. It provides:

  • Performance tracking – Traders can monitor key metrics like profit/loss, drawdowns, and account status.
  • Challenge progress updates – The dashboard indicates whether a trader is on track to pass an evaluation.
  • Real-time account monitoring – The system updates trading metrics live, allowing users to make informed decisions.

 

Compared to platforms commonly used by conventional South African brokers, such as MetaTrader 4/5, the Propexito dashboard is more evaluation-focused, prioritizing challenge performance rather than deep customization options.

Traders used to broker platforms may find the interface slightly different, but it’s optimized for funded account management rather than personal trading accounts.

Another key feature is mobile accessibility. Given that many South African traders operate in a mobile-first market, the ability to check account status and performance via a smartphone or tablet is essential.

Propexito’s web-based dashboard ensures traders can stay connected without needing a desktop setup.

 

Customer Support – Availability for South Africans

Access to reliable support is critical for traders, especially those new to proprietary trading. Propexito offers the following support channels:

  • Live chat – Real-time assistance for urgent queries.
  • Email support – A ticketing system for complex inquiries.
  • Support tickets – Allows traders to track responses.

 

Propexito doesn’t seem to have a dedicated South African support team, so local traders may experience response delays due to time zone differences. However, the availability of live chat provides a direct way to resolve immediate concerns.

South African brokers often have local offices or FSCA-registered teams, so traders accustomed to quick, region-specific responses might need to adjust their expectations. Propexito’s global model means that available support is not tailored to the South African market.

Traders should also consider that queries related to local payment methods or withdrawals may require additional processing time.

 

Social Media, Forums, and the Propexito Community

A strong trading community can provide valuable insights, market updates, and peer support. Propexito has an active presence across social media and industry forums, engaging with traders through:

  • Social media updates – Announcements on new features, promotions, and trading rules.

 

South African traders may not find region-specific Propexito communities yet, as the firm is still growing its global network. However, traders can still engage with Propexito’s international network through its forums and social channels.

 

10 Best Forex Brokers in South Africa for 2025

Rank

Broker

Review

Regulators

Min Deposit

Official Site

#1

ASIC, FSA, CBI, BVI, FSCA, FRSA, CySEC, ISA, JFSA

$100

#2

FSCA, CySEC, FCA, DFSA, FSA, CMA

$0

#3

CySEC, MWALI, FSCA

$25

#4

CySEC, FCA, FSA, FSCA

$100

#5

CBCS, CySEC, FCA, FSA, FSC, FSCA, CMA

$10

#6

CySEC, ASIC, FSA, BVI, FSCA

$25

#7

ASIC, CySEC, FSA, SCB

$200

#8

ASIC, CySEC, FSCA, FSA, FSC, CMA

$100

#9

FCA, CySEC, FSCA, SCB

$100

#10

FSCA, FSC, ASIC, CySEC, DFSA

$5

#1

4.8/5

User Score

#2

4.7/5

User Score

#3

4.7/5

User Score

#4

4.4/5

User Score

#5

4.7/5

User Score

#6

4.0/5

User Score

#7

4.7/5

User Score

#8

4.8/5

User Score

#9

4.5/5

User Score

#10

4.9/5

User Score

 

Legal Considerations for South Africans

Understanding legal compliance is key when choosing a proprietary trading firm. Knowing Propexito’s legal standing and how the firm operates within local financial laws is crucial for South Africans.

 

Below, we’ll dive into Propexito’s legal standing, trader responsibilities, and dispute resolution processes. South Africans must remain compliant with Propexito’s terms.

 

Trader Responsibilities Under Propexito’s Terms

As a Propexito trader, you must understand your responsibilities. These include:

  • Risk management: Propexito has strict rules on maximum loss limits, daily drawdowns, and position sizes. Traders must ensure they’re adhering to these limits to avoid penalties.
  • Evaluation process compliance: Traders must pass the evaluation challenges before accessing funded accounts. Skipping steps or mismanaging risk during evaluations could lead to disqualification.
  • Payment policies: Propexito’s payout structure requires traders to meet performance benchmarks and pass evaluations to earn commission-based payouts.

 

What Happens if You Violate the Rules?

Propexito is strict about its terms, and violations can lead to serious consequences. Here are the most common rule violations and their outcomes:

  • Exceeding drawdown limits: Traders could lock or disqualify their account if they violate maximum drawdown limits.
  • Mismanagement of evaluation rules: Skipping parts of the evaluation process or failing to meet profit targets could halt further evaluation.
  • Using banned trading strategies (e.g., arbitrage, automated trading): Traders caught using restricted strategies risk immediate account suspension.

 

Compared to conventional South African brokers, who may issue warnings or temporary suspensions, Propexito can enforce stricter penalties due to the nature of their performance-based model.

 

Dispute Resolution and Account Suspensions

If things go wrong and a trader’s account is suspended, Propexito has a clear dispute resolution process. Here’s what to know:

  • Appealing suspensions: Traders can submit appeals through the support ticket system. Propexito will review the case and decide based on the nature of the violation.

 

Reputation and Feedback from South African Traders

Propexito has gained a strong following among traders, with an overall positive reputation for its structured evaluation process, fast payouts, and responsive customer support.

Let’s dive into what South African traders say about Propexito, including feedback from Trustpilot, social media, and common complaints.

 

What Do South African Traders Say About Propexito?

While South African-specific reviews are limited, the sentiment from global traders is largely positive. Traders praise the clear, structured challenges and transparent communication. Here are some key takeaways from the reviews:

  • Positive feedback often highlights the smooth funding process and professional support. Many traders mention the fast payout speed, with withdrawals typically processed within two business days after approval.
  • Challenge clarity is another frequent compliment. Traders appreciate the straightforward rules that mimic real market conditions, offering a structured but challenging path to funding.
  • On the flip side, strict risk management rules are a common source of frustration. Some traders feel the lack of flexibility in these rules can be a bit restrictive, especially when breaking risk management protocols

 

Trustpilot Reviews and General Public Sentiment

Propexito’s Trustpilot score of 4.7/5 is a testament to its solid reputation. It’s clear that for many traders, the funding model is an appealing aspect, but others feel that the strict rules may not work for everyone.

Propexito enjoys strong Trustpilot ratings, reflecting positive trader experiences. A recurring theme is the platform’s reliability in funding and the support team’s responsiveness.

Traders have noted that payouts are executed promptly after approval, and support queries are typically resolved quickly. This attention to transparency in operations is a major selling point.

 

Complaints and How Propexito Handles Them

While Propexito generally receives favorable reviews, there are a few complaints from traders, particularly about:

  • Payout delays: Some traders wish the biweekly payout cycle was faster. However, once a payout request is approved, it’s usually processed within two business days.
  • Strict rules on risk management: Breaking any of the defined rules, such as the maximum drawdown or daily loss limits, results in losing the account. This has led to frustrations for traders who feel that a single mistake should not automatically invalidate their challenge.
  • Refund policy: Another frequent complaint involves the non-refundable challenge fees for traders who do not pass the evaluation. Traders are disappointed that they do not get their challenge fee refunded, even if they fail their evaluation

 

Pros and Cons

✅Pros❌Cons
Access to virtual capital without personal deposit riskStrict risk management rules can be restrictive
Profit splits of up to 90% for consistent performanceNo local FSCA regulation for legal recourse
No margin calls or liquidation risksChallenge fees are non-refundable if evaluation is failed
Higher leverage than local FSCA-regulated brokers (up to 1:200 for forex)Limited South African-specific support
No commissions on indices and cryptoEvaluation process can be difficult for beginners

 

Conclusion

Propexito offers South African traders a unique opportunity to trade without using personal capital, a huge advantage in an economy with high unemployment.

Traders only pay for the challenge and have the potential to keep up to 90% of profits, a strong draw compared to local brokers with commissions and spreads. The clear and structured evaluation process allows traders to prove their skills before receiving funding.

However, Propexito’s strict risk management rules, such as daily loss limits and prohibited strategies like copy trading, could be frustrating for some.

While offering advanced features, the platform’s use of Match-Trader might be an adjustment for those used to MetaTrader. And while payouts are biweekly, some traders might find this slower than local brokers who offer daily withdrawals.

Overall, we believe that Propexito is a solid option for traders who want to prove their skills without risking personal funds, but it requires a flexible and strategic approach.

 

Frequently Asked Questions

 

How can I start trading with Propexito in South Africa?

To start using Propexito, just register on their website, choose your evaluation challenge, and finish the registration process. You’ll get a funded account to start trading when you pass.

 

Can I withdraw my profits in South African Rand (ZAR) from Propexito?

No. While Propexito doesn’t directly provide ZAR withdrawals, they accept local payment options, cryptocurrency, credit cards, and bank transfers. These options allow you to withdraw your profits in ZAR.

 

How does Propexito’s profit target compare to other South African brokers?

Propexito’s profit objectives for the Classic Challenge are 8% for the first phase and 5% for the second phase. This method is more organized than many South African brokers using commission-based profit structures.

5/5 - (1 vote)

Table of Contents

Written by:

Lesche Duvenage

Edited by:

Skerdian Meta

Fact checked by:

Arslan Butt

Updated:

February 4, 2025

Written by:

Louis Schoeman

Featured SA Shares Writer and Forex Analyst.

I am an expert in brokerage safety, adept at spotting scam brokers in mere seconds. My guidance, rooted in my firsthand experience with brokers and an in-depth understanding of the regulatory framework, has safeguarded hundreds of users from fraudulent brokerage activities.

Edited by:

Skerdian Meta

Leading Analyst

Skerdian Meta FXL’s Heading Analyst is a professional Forex trader and market analyst and has been actively engaged in market analysis for the past 10 years. Before becoming our leading analyst, Skerdian served as a trader and market analyst at Saxo Bank’s local branch, Aksioner, the forex division and traded small investor’s funds for two years.

Fact checked by:

Arslan Butt

Commodities & Indices Analyst

Arslan Butt, a financial expert with an MBA in Behavioral Finance, leads commodities and indices analysis. His experience as a senior analyst and market knowledge (including day trading) fuel his insightful work on cryptocurrency and forex markets, published in respected outlets like ForexCrunch.

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