$80 × n
Resets add up quietly
One blown rule, one reset. Do it a few times a week and the "cheap" fee becomes your biggest trading expense, and you barely notice.
For prop firm traders
Know if your prop journey is actually paying you.
Evaluations, resets, activations, renewals. PropLedger puts every dollar you spend on prop firms next to every dollar they pay you, then shows your real daily P&L, Profitability Factor and ROI.
Works with any prop firmNo broker login neededAnalytics only
Example data
Total spend$4,820
Payouts$6,150
Profit. factor1.28×
ROI factor+27.6%
Daily P&L vs Spend · 30 days
Net upNet downCumulative
Futures firm A−$2,310
Futures firm B+$1,940
Futures firm C+$780
Forex firm D−$1,080
The problem
Payouts feel like wins. Your bank statement might disagree.
Prop trading charges you in small pieces that are easy to forget, and pays you in big moments that are easy to remember. That's how a "profitable" trader ends up down for the year.
5 firms
Fees scattered everywhere
Evaluations here, activation fees there, monthly renewals somewhere else. Different emails, different card charges, no single total.
$ ≠ profit
Payouts aren't the whole story
A $2,000 payout looks great until you count the $2,600 in challenges it took to get there. Gross isn't net.
Figures above are illustrative, not statistics.
Three numbers that matter
Your prop career, measured honestly.
Stop guessing. PropLedger boils everything down to three metrics you can check in five seconds.
01 / DAILY
Daily P&L vs Spend
Every day becomes a candle. Your trading P&L and payouts go in, the prop fees you paid that day come out. Green day, red day, no spin. A running cumulative line shows whether the trend is actually heading up.
FormulaDaily net = (trading P&L + payouts) − prop fees that day
Cumulative = Σ daily net
Cumulative = Σ daily net
- See which days a reset wiped out a good session
- Spot spending streaks before they become a habit
Example data · green = net positive day, red = net negative day
02 / LIFETIME
Profitability Factor
One number that answers the big question: for every dollar you've paid prop firms, how many have come back? Above 1.0, your prop journey is profitable. Below it, the firms are winning.
FormulaProfitability Factor = total payouts ÷ total prop spend
- Track it overall, per firm, or per account size
- Watch it cross 1.0, the line that matters
0.0 · losing2.0+ · thriving
Example data
03 / RETURN
ROI Factor
Your prop trading treated like an investment. ROI Factor tells you what percentage you've made, or lost, on every dollar spent on challenges, resets and fees.
FormulaROI Factor = (total payouts − total spend) ÷ total spend × 100%
- Compare firms by return, not by marketing
- Bonus: classic profit factor (gross profit ÷ gross loss) from your daily log
+27.6%
Example ROI on $4,820 spent
Try it now
Run your own numbers in 10 seconds.
Ballpark it. Total up what you've paid prop firms and what they've paid you. Pro runs the math on our server, and we don't store what you type here.
Subscriber feature — launching soon
You're looking at a sample with fixed demo numbers. Live calculations on your own numbers unlock with Pro.
Sample data
Profitability Factor1.28×
Payouts ÷ spend. Above 1.0× = profitable.
ROI Factor+27.6%
(Payouts − spend) ÷ spend.
Today's net+$335
+$420 P&L − $85 fees
Daily P&L vs Spend
▲ Profitable. You've gotten back $1,330.00 more than you've spent.
How it works
Three steps to your real numbers.
Capture your spend
Forward your prop firm receipts to your private PropLedger inbox, connect your email, or log purchases by hand. Evaluations, resets, activations and renewals are categorized for you.
Log payouts & daily P&L
Add payouts as they land and drop in your daily P&L. Quick entry takes seconds at the end of a session.
See the truth
Your dashboard shows Daily P&L vs Spend, Profitability Factor and ROI Factor overall and per firm, so you know where to double down and where to stop.
Firm-agnostic
Works with any prop firm.
If it sends a receipt or charges your card, PropLedger can track it. No integrations required, no affiliations, no favorites.
Futures evaluations
Forex & CFD challenges
Crypto / perps programs
Instant funding accounts
Monthly subscriptions
Resets & activations
Data & platform fees
BNPL installments
PropLedger is an independent tool and is not affiliated with or endorsed by any prop trading firm.
Pricing
One simple plan. Cancel anytime.
Start with the free demo. Go Pro when you want your real numbers.
Free demo
$0forever
No card, no account needed.
- Example dashboard with Daily P&L vs Spend candles
- Sample calculator with fixed demo numbers
- See how Profitability Factor and ROI Factor work
PropLedger Pro
$12.99/ month
Plus applicable tax, renews monthly until canceled, cancel anytime online.
- Live Profitability Factor and ROI Factor on your own numbers
- Today's net: P&L and payouts minus prop fees
- Daily P&L vs Spend candles and cumulative line from your daily log
- Classic profit factor from your daily log
- Manage or cancel in one click from your account
Checkout opening soon. Pro isn't on sale yet.
By subscribing you agree to the Terms of Service, Privacy Policy and Refund Policy. Payments are processed by Polar, our merchant of record. Use the same email for checkout and sign-in so Pro unlocks on your account. Not financial, tax, or investment advice.
FAQ
Questions, answered.
Do I need to give you my prop firm logins?
No. PropLedger works from receipts, payout confirmations and what you log. It never needs your prop firm or broker passwords.
What counts as "spend"?
Anything you pay a prop firm: evaluation and challenge fees, resets, activation fees, monthly renewals, data or platform fees, and installments. Refunds are subtracted.
What's the difference between Profitability Factor and ROI Factor?
They come from the same two numbers. Profitability Factor is a ratio (payouts ÷ spend, e.g. 1.28×). ROI Factor is the percentage gain or loss ((payouts − spend) ÷ spend, e.g. +27.6%). A Profitability Factor of 1.0 is the same as 0% ROI.
Is this a trading journal?
Not exactly. Journals track trades. PropLedger tracks the business of prop trading: what it costs you and what it pays you. Daily P&L logging lets you see both side by side.
Is my data private?
Yes. Your numbers are yours. We don't sell data and we don't share it with prop firms.
What does Pro cost, and how do I cancel?
Pro is $12.99 a month plus applicable tax, and it renews monthly until you cancel. Open Account → Manage or cancel subscription and cancel online in one click. You keep Pro until the end of the month you already paid for. See the Refund Policy.
Do I need an account?
Not for the demo. For Pro you sign in with a one-time link sent to your email, with no password. Use the same email at checkout.