Propr $200K Diamond challenge passed in four days: two payouts, on-chain

The short answer

On September 14, 2026 we bought the biggest thing Propr sells — the Diamond 1-Step Classic at $200,000. We traded it from 15 to 18 September 2026, passed it with 11 closed positions and a 45% win rate, got the funded account, and took two payouts the same day. Both settled in USDC on Ethereum, in 13 and 43 minutes, for exactly 80% of what we asked for. All figures read on September 19, 2026.

The account: Diamond 1-Step Classic, $200,000

$200,000 is the largest single account in Propr’s catalogue — the tier it calls “Diamond”, added on 8 August 2026. Above it there is only the aggregate cap: $300,000 of funded capital per trader across accounts. So this is the ceiling of the product line, bought and run to the end.

Four days from purchase to funded account, of which three were traded. There is no minimum trading-day rule and no time limit on the 1-Step Classic, which is why a four-day pass is possible at all — the same structural fact we documented on a much smaller account in the $10K passed in a single trade.

The 11 positions, dated

The whole account is 11 closed positions. All long except one ZEC short. Times are dashboard local (UTC+7); P&L is net of fees, slippage and funding, as the dashboard reports it.

One position did most of the work: the HYPE long closed on 17 September at 20:38 after a 10h38 hold, at +$18,298.78. Remove it and the account does not pass. That is worth saying out loud, because a 45% win rate over 11 positions is not a system — it is a small sample with one very large winner in it.

From the CSV rather than the dashboard: leverage was 2x on HYPE, 4x on BRENTOIL, 1x on BTC and 1x on ZEC. Fees ran at 0.045% on the crypto markets and 0.009% on BRENTOIL. The largest single position was 4,874.96 HYPE, roughly $816,999 of notional at 2x. On a $200,000 account with a 3% daily loss limit, that is a position that can end the challenge on a normal-sized adverse move.

How the target was measured: 9.89% net, 10.94% gross

This is the part we cannot resolve for you, so we are going to show the gap instead of hiding it. The dashboard displays two things at the same time: “Profit target 9.89% / 10%” and PASSED.

Adding up the 11 rows above gives a gross P&L of $21,888.42, against $1,881.70 of fees and $221.71 of funding — a net P&L of $19,785.00, which is exactly the final equity of $219,785 minus the $200,000 we started with. (Subtracting those three rounded figures from each other lands one cent higher, at $19,785.01. The $19,785.00 is the one that ties to equity, and it is the one we use.) So: the account passed with a net P&L of 9.89%; the gross P&L before fees and funding was 10.94%. Which of the two the 10% target is measured on is not stated on the dashboard.

Nor is it specified in the sources we have read, as of 19 September 2026. The nearest thing we can source is about when the target counts, not what is netted out of it: our reading of the rulebook says the profit target is measured on balance — closed, realised P&L — while the daily loss and the drawdown are measured on equity. That is in our rules explainer with its reading date. It does not tell you whether the 10% is gross or net of trading fees.

We are not going to assert the answer. If the target is measured gross, a 10.94% gross run cleared it comfortably and the “9.89%” gauge is simply showing a different number than the one it validates against. If it is measured net, the account passed 9.89% against 10% — which would mean the validation is not strict to the second decimal. Both readings fit what we saw. Only Propr’s rulebook can settle it, and on this point the rulebook we have read is silent.

The funded account and the “B-BOOK” badge

The funded account opened with the wording Propr sends by email and repeats on the card: the same rules carried over from the challenge, no profit target, on-demand payouts, and 80% of profits to the trader. The card showed equity $200,000 and “Days funded 0”, and two badges: ACTIVE and B-BOOK.

The second badge is the interesting one, and we are publishing it as an observation rather than as a conclusion. Propr does run a hybrid model and says so: some order flow is copied to a live venue (A-book), the rest is recorded internally (B-book), and the dashboard labels individual trades with which happened. Section 19 of the rulebook goes further than most firms and discloses the conflict directly — when a trade is B-booked, the firm’s profit is inversely correlated with yours. That disclosure is quoted with its reading date in our Propr.xyz review.

What is not explained anywhere in the documents we have read, as of 19 September 2026, is what the badge means when it sits on an entire account rather than on a single trade: whether it routes everything on this account internally, whether it is a default that per-trade labels can override, or whether it is a tag with no execution consequence at all. Propr does not explain the label in the documents we have read (19 September 2026). We are noting that it appeared, and leaving it open.

Two payouts, two hashes, 80% to the cent

Both requested on 18 September 2026, both marked Processed on the dashboard, both reconciled by us on Etherscan on September 19, 2026. Both are exactly 80% of the request: $444.23 × 0.8 = $355.38, and $286.11 × 0.8 = $228.89.

Precisely about “to the cent”: the transfers landed at 355.3822 and 228.8874 USDC, a fraction of a cent under the arithmetic 80%. The split matches once you round to cents, which is how the dashboard states it; it does not match at four decimals. We would rather write that down than round it away.

$730.34 requested, 584.2696 USDC received, both transactions Success, both sent by the same Propr payout address (0x0353…bb1d). Two data points are not a service-level agreement — 13 and 43 minutes is a spread of more than three to one on the same day — but they are two more receipts on the pile, and they are checkable by anyone with the hashes above. The rest of the pile is on all payouts we verified on-chain.

What this changes, and what it does not

It changes the receipt count. Our own Propr account now has 48 payouts reconciled on Ethereum, $7,670.94 in total, and the site-wide figure across both firms we trade is 54 receipts. Those counts are derived from the data file, so every page that renders them moved at the same time.

It changes the ceiling of what we have tested. Until this week the largest Propr account we had ever run was the $100K tier, and we had never funded one. The catalogue’s top product is now first-hand rather than desk research — which matters mostly because the failure modes at $200,000 are the same rules with four figures more at stake per tick.

It does not change the Trust Score. One passed challenge is not a criterion on our grid, and a firm paying a customer who is also an affiliate is exactly the case where we should be most careful, not least. The score is unchanged; if you want to check whether the reasoning behind it holds, that is the job of the “is Propr legit” page and of our ranking of the best crypto prop firms 2026.

It does not change the lived pass rate yet. Our archive still reads 24 funded out of 165 challenges opened, read on 7 September 2026. This Diamond is not counted in it, and neither is anything else bought since — we are not going to bump two numbers by hand and call it a re-read. The archive gets re-read as a whole, or it stays dated.

And the honest framing, unchanged from every other first-hand page here: net of the fees we have spent on this firm, we are behind. One $200K pass does not reverse that, and a challenge passed in one trade and a challenge lost in one trade remain the two faces of the same leverage.

FAQ

To open a Propr account through us: app.propr.xyz/r/ROYA. The full firm write-up, fees and rules are in the Propr.xyz review.