Tradexprop Review 2026: A Malaysian Prop Firm With Zero Denied Payouts and a Crypto Track Nobody's Talking About
So why would you pick a prop firm out of Kuching, Sarawak, Malaysia over the established European and Dubai names you've been reading about? Fair question. The honest answer is: you probably wouldn't, unless you dug a little deeper. Because Tradexprop has been running since 2023, claims zero denied payouts since launch, offers a Crypto evaluation track that most competitors haven't bothered to build, and somehow managed to fly mostly under the radar while all of that was happening.
→ View full Tradexprop profile on PropTradingArea
It's not the biggest firm on this list. It's not the cheapest. But there are a few specific things it does that the bigger names don't — and those things are worth knowing about before you dismiss it on geography alone.
The Quick Verdict
Tradexprop is a legitimate Malaysian prop firm with Forex, Crypto, and Instant Funding evaluation tracks, a zero-denied-payouts claim since 2023, on-demand first withdrawal, and a 45% consistency rule that was introduced in April 2025 and catches traders who news-trade heavily. For traders who want crypto exposure in a prop environment or who want an Asian-headquartered firm, it's one of the stronger options. The consistency rule is the main thing to plan around.
Who Tradexprop Is
Tradexprop is operated by Forest Park FX LTD, registered in Malaysia, and headquartered in Kuching, Sarawak. CEO Dixon Teo founded the firm in 2023 with a background in quantitative trading and fintech — eight years of industry experience before launching the prop firm. The firm hosts over 2,000 traders and has paid out over $1.2 million in rewards since launch, with a stated zero-denied-payouts record that community feedback broadly supports.
The Malaysia HQ is unusual for the prop firm space — most competitors cluster in Czech Republic, UK, Dubai, or Caribbean jurisdictions. For traders in Southeast Asia and Asia-Pacific, Tradexprop's timezone alignment and regional accessibility are practical advantages that the European firms can't match.
The Three Tracks
Forex X — the main evaluation track. 1-step or 2-step formats. Account sizes up to $400K. 5% daily loss limit, 9% maximum drawdown (static). Profit target 6% Phase 1, 5% Phase 2 on the 2-step. The 45% consistency rule applies from April 2025 — more on this below.
Crypto X — the track that most review sites skip past. Dedicated crypto evaluation with Bitcoin, Ethereum, and other major crypto assets. Up to $250K in crypto-specific funded capital. 3% daily loss limit, 9% maximum drawdown. Leverage up to 1:5 on BTC and ETH. For crypto-native traders who want prop firm structure around crypto trading rather than being forced into Forex or indices, this is one of the few firms that takes crypto seriously as a first-class product rather than a token addition to the asset list.
Instant Funding X — no evaluation, immediate funded access, up to $100K. The faster path for traders who don't want a challenge phase.
The 45% Consistency Rule
In April 2025, Tradexprop introduced a consistency rule across all Forex evaluation accounts: your best single trading day's profit cannot exceed 45% of your total profit target. If it does, the target recalculates using the formula: (Best Day ÷ 45) × 100.
So if your profit target is $1,000 and you make $500 on one day, that single day represents 50% of the target — above the 45% cap. The target doesn't fail, it recalculates upward: ($500 ÷ 45) × 100 = $1,111 becomes your new target instead of $1,000.
Practically: one great news trade or a single strong session can push your effective target higher mid-challenge. The rule is designed to prevent traders from hitting the target on one lucky day and calling it done. For traders with naturally concentrated P&L — a few big days, many flat days — this rule can extend challenge completion time significantly. For traders with consistent daily returns, it rarely triggers.
Trading Conditions
▪ News trading: Not within 3 minutes before or after high-impact events on affected instruments
▪ Weekend holding: Allowed — traders can hold through weekends with standard gap risk warnings
▪ Overnight holding: Allowed
▪ EAs: Allowed for personal use — group trading and copy trading via EAs prohibited unless owned by the same user
▪ Internal hedging: Allowed
▪ External hedging: Prohibited — breach
▪ Inactivity: 30 days without a trade results in breach
▪ Platform: cTrader
▪ Leverage: Up to 1:50 Forex/indices, 1:2 Crypto, 1:5 BTC/ETH
▪ Payout methods: Rise, BTC, ETH, USDC
▪ First withdrawal: On-demand — no waiting period after passing evaluation
▪ Subsequent payouts: Every 30 days (bi-weekly for eligible Forex accounts from April 2025)
▪ Profit split: Up to 90%
▪ Maximum allocation: Up to $1M across multiple active evaluations
On-Demand First Withdrawal
The first payout after passing the evaluation is available on-demand — no 14-day waiting period, no minimum trading days on the funded account before you can request. You pass, you request, it processes. That's faster than most competitors who enforce a 7-14 day minimum on the funded stage before the first withdrawal window opens.
Subsequent payouts move to a 30-day cycle (bi-weekly for eligible Forex accounts under the April 2025 terms). The on-demand first payout is the differentiating feature — it reduces the time between passing and receiving your first money.
Monthly Competitions
Tradexprop runs monthly trading competitions where the prize is a free evaluation account with no entry fee. For traders who want to test the firm without paying, this creates a recurring entry point that doesn't exist at most competitors. Community engagement tool as much as anything else — but a genuine one with a real prize attached.
Hidden Rules — What to Watch For
The 45% consistency rule is the main condition that catches traders unprepared — it was introduced mid-2025 and the community data shows it's the most common source of extended challenge timelines rather than outright failures. It's documented but not prominently featured in the main product pages.
The 30-day inactivity breach is also worth flagging — the same 30-day rule as Spice Prop, and it closes accounts just as quietly. Set a calendar reminder if you're prone to taking extended breaks between trading periods.
The external hedging prohibition is absolute and results in immediate breach. Internal hedging (same account, opposite positions) is permitted, which is an unusual allowance that some strategies use explicitly.
Who Tradexprop Is For
▪ Crypto traders who want a dedicated crypto evaluation track with meaningful leverage and account sizes
▪ Southeast Asian and Asia-Pacific traders who want timezone alignment and regional accessibility
▪ Traders who want on-demand first withdrawal after passing evaluation
▪ EA traders who run personal systems — group copy trading banned, personal EAs allowed
▪ Traders scaling toward $1M across multiple simultaneous evaluations
▪ Weekend and swing traders — both permitted without restriction
Who Tradexprop Is Not For
▪ Traders with concentrated P&L — a few big days per month will trigger the 45% consistency recalculation repeatedly
▪ Heavy news traders — 3-minute blackout window applies on both sides of releases
▪ Traders who need MT4 or MT5 — cTrader only
▪ Traders who take extended breaks between trading periods — 30-day inactivity breach applies
Final Verdict
Tradexprop answers the "why would I pick this" question with two specific things: the crypto evaluation track and the on-demand first withdrawal. Neither is available in this combination anywhere else on PropTradingArea's list. For Forex traders who don't need either of those, the firm is solid but not exceptional compared to the established European names — the rules are clean, the payout record is positive, but the 45% consistency rule and 30-day inactivity policy require attention.
For crypto-focused traders specifically, Tradexprop is the most serious crypto prop offering on the list. That's a narrow audience — but for that audience, the choice is clearer than it might look from the outside.
