I’m Roya. I run Roya Trading, an independent comparator of crypto and on-chain prop firms, published in five languages. No newsroom, no anonymous review committee: one person opens the accounts, reads the contracts, writes the pages and signs the mistakes.
The site exists because this category is full of claims nobody can check. Firms advertise an 80% split, a payout reserve, rules “enforced by smart contract” — and the evidence offered is a screenshot or a marketing page. On-chain prop trading is one of the rare places where you can do better than that: splits, payouts and reserves settle on public blockchains, so an outsider can check arithmetic instead of trusting a promise. That is the whole editorial premise here.
How firms get tested
Every firm is scored out of 100 on a published grid of five weighted criteria: rules realism (25%), payout verifiability (25%), survival odds (20%), trading freedom (15%) and value for money (15%). Sub-scores are published firm by firm, so you can recompute the total and disagree with one number rather than with a conclusion. A firm we have only desk-researched — public documentation, no real account — is capped at85/100; only firms we have actually traded can go above that line, and each review states which case applies. The full process is on how we test prop firms, and the live grid with every sub-score is on the Trust Score page.
Skin in the game
We buy challenges with our own money and we request payouts like any other trader. Propr paid us 119.79 USDC, settled in about two minutes on 31 July 2026, into a wallet we control — the receipt and the honest limits of what it proves are on our payout proof page. One payout is not an average, and we say so.
Hypernova’s 80% split was verified by arithmetic, not by reading a page: two payout receipts dated 28 July 2026 — $9,578.79 and $8,812.44 gross — resolve to exactly $7,663.03 and $7,049.95, matching to the cent the USDC transfers that left its Vault contract on Arbitrum that day. Its payout reserve is read straight off Arbitrum too:$497,973.33 on 1 October 2026. Four firms we traded live rather than only read about: at Propr, Carrot Funding and HyperPNL with our own money; at Hypernova across three accounts, one bought at the public checkout and two provided by the firm — which is what its review says. A provided account is a conflict of interest, so it is labelled everywhere the score appears — and during that session the terminal displayed “FLAT” and “$0.00” while a $20K position was open. We published the bug. Firms that give us access do not get a quieter review.
When we were wrong
We also run the status registry for this category — the prop firm graveyard — with published detection criteria, daily DNS and HTTP checks, and an append-only changelog. Append-only means corrections are added on top; nothing is quietly swapped out.
The strongest entry in that changelog is one of our own errors. On 10 August 2026 we classified Carrot Funding as dead because carrotfunding.com redirects to a domain-parking page. Wrong domain: the firm operates at carrotfunding.io, checkout live, 80% split, USDC payouts on Arbitrum with published transaction hashes. On 15 August 2026 we corrected the status to active, published the correction with both URLs, and tightened the methodology — a death verdict must now name the exact domain checked, and we search a firm’s socials and docs for alternative official domains before classifying anything. It is all dated in the registry changelog.
How this site makes money
Plainly: affiliate commissions and one paid slot. Some links — notably to Propr.xyz — are affiliate links, disclosed in the footer of every page and detailed in our affiliate disclosure; we may earn a commission at no extra cost to you. There is exactly one paid featured placement, sold on the advertise page, and it is labelled wherever it appears.
What money cannot buy: a score, a rank, a place in a table, or the deletion of a criticism. The grid is applied identically to paying and non-paying firms. The firm that pays us commission is also the one we marked down in August 2026 for a 20% price rise shipped with no announcement, and for payouts that are on-chain but sent from an ordinary backend-driven wallet rather than executed by a contract. If a sponsor’s score falls, the score falls.
The data you can reuse
Everything compiled here is meant to be citable. The registry is published as /api/registry.json and as CSV under CC-BY 4.0 — use it, cite Roya Trading with a link. The registry changelog has an RSS feed, and llms.txt summarises the methodology for language models. Dates on this site are check dates, not publication dates: a stale figure is visibly stale.
Contact
Questions, corrections and right of reply are welcome — a firm that believes a score is wrong gets a real answer, and a public correction if the evidence holds. X: @LeRoyaliste9 · Telegram community (real positions and bot code, in public): t.me/roya_proptrading · contact page.
Trading leveraged products carries a high risk of loss. Roya Trading does not provide investment advice. Only trade what you can afford to lose.