# How to Start a Prop Firm in Canada Under $400

> Start a prop firm in Canada under $400: the $129 (about C$184) one-time platform, what you get on day one, and the order to launch your first traders.

Source: https://www.propexecutor.com/blog/start-a-prop-firm-in-canada
Published: 2026-10-08
Updated: 2026-10-08
Publisher: PropExecutor

## Key points

- A Canadian founder can cover the platform for a prop firm with the $129 (about C$184) Starter plan, paid once, leaving about $271 of a $400 budget for branding and growth.
- PropExecutor is a simulator with no setup fee, no monthly platform fee and no revenue share.
- The Starter plan includes a branded web terminal, live prices for 50+ instruments and a rule engine that checks every price tick.
- Canadian traders work the majors, gold, indices and crypto, all covered by the live price list.
- The branded terminal can run on the founder's own domain, and an API is included on every plan.

A $400 budget (about C$570) is enough to put the platform side of a prop firm in place. The Starter plan is $129 (about C$184), paid once, for 50 trading accounts. This guide shows how a Canadian founder can build a launch plan around it, what the founder gets on day one, and which order to work in.

## What $400 covers

The Starter plan is $129 (about C$184), paid once, for 50 trading accounts. There is no setup fee, no monthly platform fee and no revenue share. That leaves roughly $271 (about C$386) of your $400 budget for your own site, branding assets and growth.

| Item | Budget | What you get |
|---|---|---|
| Starter plan | $129 (about C$184) | One-time payment, 50 trading accounts |
| Remaining budget | about $271 (about C$386) | Your website, logo design, marketing and top-ups |

Because credits never expire, you pay for the platform once and use every account at your own pace.

## What you get on day one

The Starter plan gives a Canadian founder these tools from the first day:

- A branded web trading terminal with a watchlist, price chart, order ticket, positions, history and a live view of rule headroom.
- Live prices for 50+ instruments, including forex majors, gold, oil, 12 stock indices, Bitcoin and Ethereum.
- A rule engine that judges every account on every price tick.
- An admin panel to create up to 100 accounts at once, assign traders and rotate passwords.
- Cloud infrastructure on Google Cloud, built to scale with your traders from the $129 (about C$184) plan.

Orders are simulated against live market prices. PropExecutor is a simulator, so nothing is routed to a broker, exchange or liquidity provider.

Starter branding covers your firm name, dark logo and accent colour. Starter allows 3 rule sets with 6 rules each, using core rules. Each rule can breach the account, reject the order or flag it. Rule sets are versioned, so an account keeps the exact rule version it was created with.

## Serving Canadian traders

Canadian traders are mostly retail forex and CFD traders. They work the majors, gold is a common favourite, and many also follow stock indices and crypto. All of those are on the platform's live price list.

There are active trader communities in Toronto and Vancouver, and in Calgary and Edmonton. These are natural places for a new firm to find its first traders.

Canadian time zones run from Eastern to Pacific. The forex week opens Sunday around 5:00 PM ET (2:00 PM PT) and closes Friday around 5:00 PM ET. Toronto traders see London open around 3:00 AM ET, and the Toronto and New York hours overlap with London in the morning. That gives your traders a natural window for the London and New York overlap. The terminal is web-based, so a trader in Vancouver and a trader in Halifax both log in with the same kind of details: Account Number, Password and Server.

## Your launch order

A trader record is just a name and an email. Traders never sign up with PropExecutor, so there is no extra sign-up step on their side. A sensible order of work looks like this:

1. Try the live demo account on the website.
2. Buy the Starter plan once.
3. Set your firm name, dark logo and accent colour.
4. Build your first rule set from the core rules.
5. Create up to 100 accounts at once in the admin panel.
6. Assign each account to a trader by name and email.

For a worked example of a fast setup, read [how to launch a prop firm in 48 hours](https://www.propexecutor.com/blog/launch-a-prop-firm-in-48-hours).

## What it costs as you grow

Each trading account created uses one credit, permanently. Credits never expire, and a breached or archived account does not refund its credit.

| Plan | One-time price | Accounts | Per account |
|---|---|---|---|
| Starter | $129 (about C$184) | 50 | $2.58 |
| Basic | $499 (about C$711) | 250 | $2.00 |
| Growth | $1,799 (about C$2,560) | 1,250 | $1.44 |

The starting balance of an account, such as $5K or $100K, does not change its cost. One account is one credit. You can add top-up packs of 100, 500 or 1,000 accounts at your plan's per-account rate. Upgrades cost the price difference between plans, add the account difference, and carry over unused credits. See the [pricing page](https://www.propexecutor.com/pricing) for the full picture, or read [what a prop firm platform really costs](https://www.propexecutor.com/blog/prop-firm-platform-cost).

## Your own domain and brand

The branded terminal can run on your own domain. Basic adds full branding, with logos, colours, login screen and support links. Growth also hides the PropExecutor badge. If your brand is central to your plan, look at the [white-label platform](https://www.propexecutor.com/white-label-prop-firm).

## Automating later with the API

A REST API with an API key is included on every plan. Accounts are created in the admin panel, and your backend can then assign them to buyers by trader name and email. You can also read trades, positions, orders, rule flags, analytics and a full account report. Webhooks notify your systems when an account breaches or passes, and a WebSocket API streams real-time account events. Start with the [API docs](https://www.propexecutor.com/docs) when you are ready.

## Next step

Try the live demo account on the website, then see the [pricing page](https://www.propexecutor.com/pricing) and start with the $129 (about C$184) Starter plan.

## Frequently asked questions

### How much does the platform cost for a Canadian founder?

The Starter plan is $129 (about C$184), paid once, and it covers 50 trading accounts. There is no setup fee, no monthly platform fee and no revenue share. That leaves about $271 (about C$386) of a $400 budget for your site, branding and growth.

### Are there monthly fees or revenue share?

No. Every plan is a one-time payment. Starter is $129 (about C$184), Basic is $499 (about C$711) and Growth is $1,799 (about C$2,560). There is no setup fee, no monthly platform fee and no revenue share on any of them.

### How many trader accounts do I get with Starter?

The Starter plan includes 50 trading accounts. Each account you create uses one credit permanently, and credits never expire. You can add top-up packs of 100, 500 or 1,000 accounts at the Starter rate of $2.58 per account.

### What branding can I use on the Starter plan?

Starter branding covers your firm name, dark logo and accent colour. Basic adds full branding, including logos, colours, login screen and support links. Growth also hides the PropExecutor badge from the terminal.

### Can the terminal run on my own domain?

Yes. The branded terminal can run on your firm's own domain. Traders log in with an Account Number, Password and Server. If you want fuller branding around it, the Basic plan adds logos, colours, login screen and support links.

### Which markets can my Canadian traders trade?

The terminal shows live prices for 50+ instruments: forex majors, crosses and exotics, gold, silver, palladium, oil, natural gas, 12 stock indices, Bitcoin and Ethereum. That covers the majors, gold, indices and crypto that Canadian traders follow.

### Is PropExecutor a broker?

No. PropExecutor is a simulator. Orders are simulated against live market prices, and nothing is routed to a broker, exchange or liquidity provider. It gives your firm the terminal, rule engine and admin tools to run simulated accounts.

### What rules can I set on my accounts?

Starter allows 3 rule sets with 6 rules each, using core rules. Each rule can breach the account, reject the order or flag it. Basic allows 15 sets and advanced rules, and Growth is unlimited with custom rules.

### Can I automate account assignment later?

Yes. A REST API with an API key is included on every plan. You create accounts in the admin panel, up to 100 at a time, and your backend assigns them to buyers by name and email. Webhooks and a WebSocket API are also available.

### How do I get started?

Try the live demo account on the website first. Then buy a plan, set your branding, build a rule set, create accounts in the admin panel and assign each one to a trader by name and email. Traders never sign up with PropExecutor.