SpiceProp (spiceprop.com) offers “up to €2M simulated funding”, a €18 entry ticket and a program that can “turn a small start into up to $960k”. Two traders in October 2026 say the firm found reasons not to pay as soon as they asked.
Where SpiceProp is based
| Operator | SPICEPROP LTD, Rodney Court Building, Rodney Bay, Gros Islet, Saint Lucia |
|---|---|
| Payment entities | SPICEPROP HK LIMITED, Hong Kong; SPICEPROP SRO, Prague |
| Regulation | Says it does not operate under the supervision of financial regulators |
| Claims | €2M+ paid, 95% max reward, 7-day payouts |
| Domain registered | 25 October 2023 |
Three companies in three countries collect money for one brand, and the site states that no financial regulator supervises it. That honesty in the small print is worth more than the headline numbers: if SpiceProp decides not to pay, there is no regulator to complain to.
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⚠ SpiceProp facts
- €1,900 denied on a $25k account, reset offered.
- €986 denied after €303 in fees.
- No financial supervision, by its own statement.
- Entities in Saint Lucia, Hong Kong and Prague.
What soft martingale means at SpiceProp
Soft martingale is not a defined term in most prop-firm rulebooks.
If SpiceProp cites it, ask for the exact definition in its terms and the trades that met it. A rule that cannot be stated as a number before you trade gives the firm room to apply it only when a payout is due.
Sources: trader complaints published on an independent forex review forum (October 2026); spiceprop.com (checked 27 October 2026); RDAP record. General information only.
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SpiceProp payout cases
| Date | Account | Payout asked | Outcome |
|---|---|---|---|
| 6 Oct 2026 | $25,000 funded | €1,900 | Denied, account revoked, offered a Phase 1 reset |
| 13 Oct 2026 | Several accounts, €303 spent | €986 | Account banned, “CID conflict” |
The first trader says SpiceProp’s risk team cited “soft martingale trading behavior” and “copy trading”. He published his full MT5 history and says completely different assets were labelled as martingale. Instead of paying, the firm offered him a reset of Phase 1, which means paying, in effect, to try again.
Offered a reset instead of a SpiceProp payout?
Or write to support@ettran.com — Do not accept until you have saved your full history.
Want SpiceProp fees back?
Or write to support@ettran.com — Bring every challenge receipt.
