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Propex24

Regulated
Australia
Since 1986
Last Updated:

Trading Conditions

Min Deposit:
AUD3000
Max Leverage:
N/A
Account Types
N/A

Official website

propex24.com

Online · checked Sep 10, 2026

Funding Methods

3 methods

Bank Transfer

bank transfer
Not recorded
Fee:Not recorded
Fee:Not recorded

Credit/Debit Cards

credit card
Not recorded
Fee:Not recorded
Fee:Not recorded

E-wallets

e wallet
Not recorded
Fee:Not recorded
Fee:Not recorded

Trust rating

High risk

48 out of 100 · 52% checked· Provisional

The licences it claims have not been checked on any official register.

We checked Propex24 on 2026-10-24 across its regulation, company record, client terms, trading offer and service, and could verify 52% of its record. It claims 1 licence on its site, but none has been checked on an official register yet. The score of 48 is what the checked record adds up to; nothing held it down. The rating stays provisional until a claimed licence is checked on an official register. What would move the score: licence held by the onboarding entity, verified age, transparency. No investigation has been published yet, so complaints and reputation are unknown. Its client terms have not been reviewed yet.

Score last calculated 2026/10/24

Regulatory Licenses

Regulatory Licenses:
Tier 1
Australia flag
Straight Through Processing(STP)
Regulated
ASIC | Australia

Company Information

Full Name:Propex 24 Pty Ltd
Founded:1986
Headquarters:Australia
Enterprise Offices:1offices

Customer Support

Phone:
+61 02 8231 3650
Live Chat:
Available
Response Time:
—
Languages:
English
Scroll Down
Editorial review
Updated

Broker Summary

What Wikilix has recorded about Propex24: its history, the licences it holds, its trading conditions and its fees.

Introduction

Propex24 is a proprietary trading broker rooted in Australia’s largest prop trading firm, Propex Derivatives. Founded by futures trading expert Max Whitby, the broker combines market access to futures, equities, and forex with strong trader education programs.

Background and History

Max Whitby led the computerization of Australia’s futures trading in the early 2000s and later founded Propex Derivatives around 2007. Headquartered in Sydney (66 Goulburn Street, Level 24), the firm expanded into brokerage through Propex24, maintaining a strong focus on trader development.

Key Features and Offerings

  • Access to futures, equities, and forex markets

  • Strong emphasis on education (simulations, mentoring)

  • Primarily supports proprietary traders and professional skill-building

Regulatory Compliance and Licensing

Public information about specific regulatory licenses is currently unavailable. Traders should verify compliance details directly with the firm.

Regulator

License Number

Status

Australian Securities and Investments Commission (ASIC)

Not publicly disclosed

Unconfirmed

Trading Conditions and Platforms

While exact data is not published, conditions are expected to suit professional traders. Platform details remain limited, though simulation tools are likely included.

Feature

Details

Spreads

Not publicly disclosed

Leverage

Not publicly disclosed

Minimum Deposit

Not publicly disclosed

Trading Platforms

Standard platforms likely; simulation software for education

Fee Structure

No clear information about fees is publicly provided.

Market Reputation and User Experience

Propex24 is respected for its education-first approach and connection to a leading proprietary trading firm. Public reviews are scarce, and transparency regarding trading conditions is limited.

Recent Developments

As of 2024, no major updates or new product announcements have been reported.

Conclusion

Propex24 blends brokerage services with professional trading education, backed by Max Whitby and Propex Derivatives. It may be a strong choice for aspiring professional traders, though prospective clients should confirm regulatory details, fees, and platform features before joining.

Regulation check

Regulatory Licenses

Propex24 is listed with a tier-1 or tier-2 licence that we have not yet checked against the regulator's register. An unchecked licence is not a finding either way.

0 of 1 checked
Licences on record
1
Confirmed on register
0
Tier 1 or 2
1
Offshore
0

WIKILIX

Licence intelligence

The only licence on file

Licence Verification Record

Australia Securities & Investment Commission 246488

Recorded from the firm's own disclosure. Not yet checked against the register.

Jurisdiction
Australia
Authority strength
Tier 1
Licence type
Straight Through Processing(STP)
Not yet checked on the register

Client protection under this licence

  • No compensation schemeNo mandatory insurance (but strict fund segregation)
  • Negative balance protection
  • Complaints routeAFCA
  • Maximum leverage1:28

These are the rules ASIC sets for the firms it licenses. They are not a statement about how Propex24 applies them, or about which of its companies would hold your account.

A licence record describes what an authority published. It is not an endorsement, and Wikilix does not issue authorisations.

Open the ASIC licence recordAbout ASIC
Deposits & withdrawals

Funding Methods

3 ways to fund an account.

3 methods
MethodDeposit feeWithdrawal feeMin depositWithdrawal min / maxProcessing
Bank TransferBank Transfer1Not recordedNot recordedNot recordedNot recordedNot recordedNot recorded
Credit/Debit CardsCredit Card1Not recordedNot recordedNot recordedNot recordedNot recordedNot recorded
E-walletsE-Wallet
No explicit confirmation of e-wallet withdrawal support. Deposit support is possible but not clearly confirmed.
Not recordedNot recordedNot recordedNot recordedNot recordedNot recorded

Broker's notes on these methods

  1. No explicit minimum or maximum deposit/withdrawal amounts disclosed. Fees described as moderate but not specified. · applies to 2 methods
Fees, limits and processing times as published by Propex24, recorded by Wikilix.
Websites

Global Domains

One domain on record. All active and served over HTTPS.

1 domain
  • propex24.comMain siteActiveHTTPS
Domains recorded by Wikilix. Only a domain listed here is known to belong to this broker.
Legal entities

Corporate Network

One legal entity behind the Propex24 brand.

1 entity
  • Propex 24 Pty LtdActiveAustraliaRegistration 009199553Established Mar 10, 2004
Entities named in the broker's own documents and company registers, recorded by Wikilix.
Frequently Asked Questions

Frequently Asked Questions

Common questions about Propex24

Most Popular Questions
Propex24 offers customer support during business hours via live chat and email at enquiries@propex24.com. Support is provided in English, and the broker's office is located in North Sydney, Australia.
Propex24 offers trading in a range of regulated financial instruments including Forex, Stocks, Funds, Options, Derivatives, and Securities. This variety allows traders to access multiple markets under one broker.
Propex24 supports deposits and withdrawals via bank transfers and credit/debit cards, with processing times described as within industry standards but not specifically detailed. E-wallet deposits may be supported, but withdrawal support via e-wallets is not clearly confirmed.
According to WIKILIX data, Propex24 requires a minimum deposit of 3000 AUD to open an account. Details on maximum deposit limits are not specified.
Propex24 is regulated by the Australia Securities & Investment Commission (ASIC), a tier 1 onshore regulator. It holds licenses for Straight Through Processing (STP) and Financial Services, ensuring compliance with strict regulatory standards. Client funds are strictly segregated, although there is no mandatory insurance.
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