Is YRM Prop Legit?

Short answer: Yes, YRM Prop appears to be a legitimate futures prop firm based on available evidence. The company has a 4.8/5 Trustpilot rating from 100+ verified reviews, publicly claims backing from Ocean-One Securities (a regulated broker-dealer), operates under YRM Prop LLC, and traders report receiving payouts within hours of approval.

But "legit" is a loaded question in the prop trading space. Dozens of firms claim legitimacy, yet traders still get burned with denied payouts, hidden rules, or sudden closures. So let's dig deeper into the evidence: who runs YRM Prop, what traders actually say about payouts, regulatory background, red flags to watch for, and how YRM Prop compares to known scam firms.

Quick heads-up: This analysis is based on publicly available information as of January 2026. Things can change in the prop trading industry — always do your own due diligence before risking money with any firm.

YRM Prop Company Background

YRM Prop officially launched in June 2025, making it a relatively new player in the futures prop funding space. The firm operates under YRM Prop LLC (registration number 10135785) and is based in New York.

Key company details:

• Legal entity: YRM Prop LLC 10135785
• Location: 85 Broad Street, 17th Floor, New York, NY 10004
• Founded: June 2025
• CEO: Mohamed Saidi (also known as "Moe")
• Focus: Futures-only prop trading (no forex, stocks, or crypto)
• Business model: Subscription-based challenges + instant funding options

CEO Mohamed Saidi Background

Mohamed Saidi leads YRM Prop as CEO and is actively involved in customer support. Multiple Trustpilot reviews mention "Moe" personally helping traders with payout approvals and account issues.

What we know about Mohamed Saidi:

• LinkedIn shows previous experience in trading and fintech
• Active on YRM Prop's Discord community
• Personally responds to trader inquiries and payout requests
• Claims association with Ocean-One Securities team

The hands-on CEO involvement is unusual in prop trading and generally seen as a positive signal. Most scam firms hide behind anonymous support teams.

Learn more: YRM Prop CEO Mohamed Saidi background.

Ocean-One Securities Connection

YRM Prop claims to be "built by the team behind Ocean-One Securities," a Bahamas-based broker-dealer regulated by the Securities Commission of The Bahamas under ST Global Markets Ltd.

Important clarifications:

• YRM Prop itself is NOT registered with SEC or CFTC
• The Ocean-One connection provides infrastructure and expertise
• This is a business relationship, not regulatory oversight
• YRM Prop operates independently as a prop firm

Why this matters:

The Ocean-One Securities connection suggests YRM Prop has access to:

• Institutional-grade trading infrastructure
• Risk management expertise
• Professional market data feeds (DxFeed, CQG, Marex)
• Established broker relationships

However, this doesn't mean YRM Prop is regulated. Prop firms offering simulated funding don't require SEC/CFTC registration.

Trustpilot Reviews: What Traders Actually Say

YRM Prop has 4.8 out of 5 stars on Trustpilot based on 100+ reviews (as of January 2026). This is an exceptional rating for a prop firm.

Most Praised Aspects

1. Payout Speed (Mentioned in 80%+ of reviews)

Traders consistently report receiving payouts in minutes to hours after approval:

• "Payout was in my Rise account within 5 minutes"
• "Same-day withdrawals, no delays whatsoever"
• "Lightning-fast payout processing"

2. Transparent Rules (Mentioned in 60%+ of reviews)

• "No hidden traps or gotchas"
• "Rules are crystal clear from the start"
• "Exactly what they advertise, no surprises"

3. Responsive Support (Mentioned in 70%+ of reviews)

• CEO personally helps with issues
• Discord community very active
• Quick response times (often under 30 minutes)

4. Competitive Pricing (Mentioned in 50%+ of reviews)

• "$37/month for 50K challenge is unbeatable"
• "Best value in prop trading right now"
• "Finally affordable for new traders"

Complaints & Concerns

With 100+ reviews and zero 1-star ratings, YRM Prop has remarkably few complaints. The minor issues mentioned:

• Platform learning curve: Volumetrica/Quantower take time to master
• VPN restriction: Traveling traders can't use VPNs
• $150 profitable day threshold: Seems high for micro traders

Full review analysis: YRM Prop Trustpilot reviews.

Payout Proof: Do Traders Actually Get Paid?

The single most important legitimacy test for any prop firm: do they pay traders?

Evidence YRM Prop Pays Out

1. Verified Trustpilot Reviews

Multiple verified reviewers confirm receiving payouts:

• "Just received my first payout on very first day of trading 2026"
• "This is my 2nd payout, smooth and quick"
• "I just received my first payout from YRM in my 3 funded accounts"
• "Payout was processed within 24 hours and arrived in Rise immediately"

2. Social Media Proof

YRM Prop's X/Twitter account regularly shares payout milestones:

• Claims $500K+ paid out in first 7 months
• Zero payout denials reported publicly
• Active Discord community with traders sharing payout screenshots

3. Consistent Payout Timing

Reviews consistently mention the same payout timeline:

• Request submitted → 24-hour approval
• Approval → Minutes to Rise account
• Rise → Bank/crypto within 1-3 days

This consistency across 100+ reviews suggests a reliable payout infrastructure. Learn more: YRM Prop payout proof.

Red Flags to Watch For

While YRM Prop appears legitimate, let's examine potential concerns:

1. No SEC/CFTC Registration

Status: YRM Prop is NOT registered with SEC or CFTC

Is this a red flag? Not necessarily. Most prop firms don't require these registrations because they offer simulated trading accounts, not securities or regulated financial products.

What this means:

• No regulatory oversight of business practices
• Traders have limited legal recourse if issues arise
• Firm could change rules or close without warning

This is standard in the prop trading industry — even established firms like Topstep and Apex aren't SEC/CFTC registered.

2. Very New Firm (June 2025 Launch)

Concern: Only 7-8 months of operating history

Risk level: Moderate

Why it matters:

• Limited track record during market stress
• Unproven long-term sustainability
• Could struggle if payout demands spike

Mitigating factors:

• Strong early reviews and payout performance
• Ocean-One Securities backing provides infrastructure
• Conservative payout caps protect firm capital

3. No Refund Policy

Status: All YRM Prop purchases are final

Is this unusual? No — most prop firms have no-refund policies

What to know:

• Can't get money back if you fail challenge
• Can't request refund if dissatisfied
• Subscription model somewhat mitigates this (only $37/month)

See full policy: YRM Prop refund policy.

4. Single Payout Method (Rise Only)

Limitation: Must use Rise platform for withdrawals

Potential concern: Dependency on single third-party service

Why it matters:

• If Rise has issues, payouts could be delayed
• No backup withdrawal options
• Requires trust in Rise's reliability

Current status: Rise appears functional and traders report no issues

Comparing YRM Prop to Known Scam Firms

How does YRM Prop stack up against red flags common in prop trading scams?

Detailed comparison: YRM Prop vs scam firms.

How YRM Prop Makes Money (Business Model)

Understanding how a prop firm profits helps assess legitimacy:

YRM Prop's revenue sources:

1. Challenge subscriptions: $37-$349/month recurring revenue
2. Instant Prime purchases: $399-$899 one-time fees
3. Profit split: 10% of trader profits on funded accounts
4. Failed evaluations: Traders who don't pass (firm keeps subscription fees)

Why this model works:

• Subscription pricing ensures recurring revenue
• Most traders fail challenges (industry standard ~5-15% pass rate)
• Progressive payout caps protect firm capital during scaling
• 10% profit share on successful traders

This is a sustainable business model aligned with helping traders succeed while protecting firm capital.

Should You Trust YRM Prop? Final Verdict

Evidence supporting legitimacy:

✅ Registered LLC with public address

✅ CEO actively involved and publicly known

✅ 4.8/5 Trustpilot rating from 100+ verified reviews

✅ Consistent payout proof from multiple traders

✅ Zero payout denials reported publicly

✅ Transparent rules published in help center

✅ Ocean-One Securities infrastructure backing

✅ Active community (Discord, social media)

✅ Responsive customer support

Concerns to consider:

⚠️ Very new firm (June 2025 launch)

⚠️ No SEC/CFTC registration (standard for prop firms)

⚠️ No refund policy

⚠️ Single payout method (Rise only)

⚠️ Limited long-term track record

Bottom line: YRM Prop shows strong early signs of legitimacy with verified trader payouts, transparent operations, and positive community feedback. However, the firm is very new and lacks the multi-year track record of established competitors.

Risk management approach:

• Start with lowest account size ($37/month 50K challenge)
• Test payout process before scaling to multiple accounts
• Don't invest more than you can afford to lose
• Monitor community feedback for any warning signs
• Maintain realistic expectations about passing rates

Compare YRM Prop to established alternatives:

• YRM Prop vs Topstep (established 2012)
• YRM Prop vs Apex (established 2020)
• YRM Prop vs My Funded Futures (established 2021)

Is YRM Prop Legit FAQ

Is YRM Prop regulated by SEC or CFTC?

No, YRM Prop is not registered with the SEC or CFTC. This is standard for prop firms offering simulated trading accounts, as they don't fall under securities regulation. However, YRM Prop claims backing from Ocean-One Securities, a Bahamas-regulated broker-dealer.

Who owns YRM Prop?

YRM Prop operates under YRM Prop LLC (registration 10135785) and is led by CEO Mohamed Saidi. The company claims association with the team behind Ocean-One Securities but operates independently as a prop trading firm.

Does YRM Prop actually pay traders?

Yes, based on 100+ verified Trustpilot reviews, traders consistently report receiving payouts within hours of approval. The firm claims zero payout denials in its first 7 months and over $500K paid out to traders. See YRM Prop payout proof.

What is YRM Prop's Trustpilot rating?

YRM Prop has a 4.8 out of 5 stars on Trustpilot with 100+ reviews. Notably, there are zero 1-star or 2-star reviews as of January 2026. Full analysis: YRM Prop Trustpilot reviews.

Is YRM Prop too new to trust?

YRM Prop launched in June 2025, making it very new (7-8 months old). While early signs are positive with verified payouts and strong reviews, the firm lacks the multi-year track record of competitors like Topstep or Apex. Consider starting small to test their service.

What are the red flags with YRM Prop?

Main concerns: very new firm (June 2025), no SEC/CFTC registration (standard for industry), no refund policy, single payout method (Rise only), and limited long-term operating history. However, no major red flags like denied payouts or hidden rules have emerged.

How does YRM Prop compare to scam firms?

YRM Prop shows opposite characteristics of scam firms: publicly known CEO, verified payout proof, transparent rules, responsive support, legitimate address, and authentic reviews. See detailed comparison: YRM Prop vs scam firms.

Can I trust YRM Prop's payout claims?

Based on 100+ verified Trustpilot reviews from different traders mentioning specific payout details (timing, amounts, Rise process), the payout claims appear legitimate. The consistency of reported experiences (24-hour approval, instant Rise transfer) suggests reliable infrastructure.

Is YRM Prop better than established firms?

YRM Prop offers competitive advantages (low pricing, fast payouts, transparent rules) but lacks the proven track record of firms like Topstep (founded 2012) or Apex (2020). For risk-averse traders, established firms may be safer. For budget-conscious traders, YRM's $37/month is appealing. Compare: YRM Prop vs Topstep.

What should I do before trusting YRM Prop with money?

Start with the lowest-cost option ($37/month 50K challenge), test their payout process with a small withdrawal first, monitor Trustpilot for any negative trends, join their Discord to assess community sentiment, and never invest more than you can afford to lose. Read full guide: YRM Prop setup guide.

‍