Prop trading evaluation challenges carry a substantial risk of financial loss. Evaluation fees are typically non-refundable. The majority of traders who purchase evaluation challenges do not pass them. This page must be read before relying on any information on PropDNA™.
Risk Warning
Last updated: 26 April 2026
PropDNA is operated by MarketMingle Ltd (HE46046, Limassol, Cyprus). PropDNA is an independent comparison and information platform. It is not a financial adviser, not a broker, not a prop trading firm, and not authorised or regulated by CySEC, the FCA, ASIC, or any other financial services regulator.
1. Prop Trading Evaluation Fees
Prop trading firms charge evaluation fees to access a simulated trading challenge. These fees are the cost of the evaluation process — they are not investments and do not entitle you to any financial return.
- Evaluation fees are typically non-refundable if you fail the challenge.
- Some firms offer fee refunds upon reaching a first payout — read the terms of each firm carefully before purchasing.
- The majority of traders who purchase evaluation challenges do not pass them within the first attempt.
- Multiple failed attempts can result in significant cumulative fee expenditure.
2. Trading Carries Substantial Risk of Loss
Financial trading — including forex, futures, indices, and commodities — involves a high degree of risk and is not appropriate for all traders. You should be aware that:
- You can lose your entire evaluation fee if you breach drawdown rules or fail challenge objectives.
- Past performance — your own or a firm's stated pass rate — is not a reliable indicator of future results.
- Prop firm rules, drawdown limits, and payout conditions can change without notice.
- Some prop firms have ceased operations with limited or no notice to funded traders. A higher Trust Score reduces but does not eliminate this risk.
3. Prop DNA Is Information, Not Advice
All content on PropDNA — including Trust Scores, rankings, comparisons, reviews, Trader DNA™ assessments, and AI Advisor responses — is provided for information and comparison purposes only. Nothing on this site constitutes:
- Financial advice or investment advice
- A recommendation to purchase any specific challenge or evaluation
- A guarantee of any firm's continued operation or payout reliability
- Professional trading advice of any kind
You must conduct your own due diligence. Always read the full terms and conditions of any prop firm before purchasing a challenge. Verify current rules directly on the firm's official website, as conditions change frequently.
4. Independent Financial Advice
If you are uncertain whether prop trading evaluation challenges are appropriate for your financial situation, you should seek independent financial advice from a qualified adviser authorised in your jurisdiction before making any purchasing decision.
MarketMingle Ltd accepts no liability for any financial loss arising from decisions made on the basis of information published on PropDNA.
5. Jurisdiction Notice
The regulatory status of prop trading evaluation challenges varies by jurisdiction. In some countries (including parts of Spain, Belgium, and France), prop trading products may be subject to local restrictions or additional regulatory requirements. It is your responsibility to confirm that purchasing and participating in a prop trading challenge is legal in your country of residence.
6. Affiliate Relationships
PropDNA earns affiliate commissions when users click through to prop firms and purchase challenges. This commercial relationship does not affect our Trust Scores or rankings — scores are calculated algorithmically from verified trader reviews. See our Affiliate Disclosure for full details.