Starter Prop Trader, founded in 2024, is a new entrant in the prop trading industry. The firm is led by CEO Robert Hangeldi Asyrov Yazmuradovic and CMO Lilia G. It is headquartered at Premises NO. 40851-001, IFZA Building A1, Dubai Silicon Oasis, DDP, Dubai, UAE. The firm is registered in Dubai under registration number DSO-FZCO-38725 and complies with all applicable legal and regulatory requirements.
Company Background
Starter Prop Trader, founded in 2024, is a new entrant in the prop trading industry. The firm is led by CEO Robert Hangeldi Asyrov Yazmuradovic and CMO Lilia G. It is headquartered at Premises NO. 40851-001, IFZA Building A1, Dubai Silicon Oasis, DDP, Dubai, UAE. The firm is registered in Dubai under registration number DSO-FZCO-38725 and complies with all applicable legal and regulatory requirements.
Trading Platforms
Starter Prop Trader supports MetaTrader 4 (MT4) and MetaTrader 5 (MT5), two of the most widely used trading platforms. These platforms are known for their advanced trading capabilities, including sophisticated charting tools, automated trading features, and comprehensive market access.
Account Types
The firm offers a single standard funding account option, providing a straightforward approach for traders to demonstrate their skills and secure funding.
Evaluation Process
Starter Prop Trader uses a two-step evaluation process:
Step 1
- Daily Drawdown: 4%
- Total Drawdown: 8%
- Profit Target: 8%
- Minimum Trading Days: 4 days
Step 2
- Daily Drawdown: 4%
- Total Drawdown: 8%
- Profit Target: 4%
- Minimum Trading Days: 4 days
The evaluation fees are structured as follows:
- $100K account: $288
- $50K account: $188
- $25K account: $108
- $10K account: $48
Profit Sharing
Starter Prop Trader offers an attractive profit-sharing arrangement:
- Standard Profit Split: 80%
- For Scaled-Up Accounts: 95% plus salary
Additionally, the firm provides the option for traders to receive the first profit on demand, with 40% of the profit available immediately. Subsequent payouts are processed biweekly. Withdrawals can be made via Rise, cryptocurrency, or bank transfer, offering flexibility to traders.
Funding and Capital
The firm maintains sufficient financial reserves to cover operations for the first six months. Its funding is primarily sourced from the CEO and members of the board, indicating a strong commitment from the leadership.
Conclusion
Starter Prop Trader offers a compelling package for traders with its straightforward evaluation process and flexible profit-sharing model. The use of MetaTrader 4 and 5 provides a solid trading foundation, while the firm’s regulatory compliance and financial backing from its leadership team add credibility. The relatively low evaluation fees and attractive profit-sharing terms make it an appealing choice for both new and experienced traders. The option for immediate profit access and biweekly payouts further enhances its attractiveness, positioning Starter Prop Trader as a promising option in the prop trading industry.
