Pros
If are an experienced trader, with a proven and profitable trading record, Propex is a great option for getting more size and less risk in your trading. The office is nice and support staff are friendly. In terms of perks there's a fruit bowl, Nespresso machine (but no capsules provided), and monthly pizza night.
Cons
These guys sell their training program as 'proven' and 'successful'. In reality the vast majority of trainees (10+/20ish) admitted to the current training program (focused on trading AU bank bill and 3yr bond futures on an intraday outright basis, or bank bill spread positions over several days) who have been there 6+ months have not been paid. Given most trainees are currently university educated people putting in 50 hour weeks, it makes you wonder... The training content covers data and economic fundamentals well enough but doesn't help traders make money off this information. There are no in-house statistical or macro models to help traders identify long term opportunities, most of them just look at Forex Factory like your average (unsuccessful) retail trader. It is also taught by people who have not actually had any long term success as prop traders. There is no real mentoring or coaching. Management look at average/max/min daily PL and winning vs losing day count at a monthly review meeting, and will encourage trainees to lose less money and make more trades without looking at their process/strategy/idea generation process in depth. Any successful trader knows you don't put on a trade until you know an idea/framework/process/strategy has a positive expected return, but over here there's more of a 'get in there and have a go' mantra, as if your profitability will magically increase by churning volume alone. Market experience is essential but without any serious mentoring or coaching most of these trainees fail. The sad part is that while trainees start on a $200-$300 daily stoploss to ensure they barely lose any of the firm's capital, they will lose tens of thousands in both opportunity cost and real personal savings while trying to make this opportunity work. Finally the office culture isn't there. Most successful traders keep to themselves or simply trade from home. And honestly even if they did share their trading methods, they will almost always be either be trading markets that trainees simply will not be given access to (e.g. emini, oil, us bonds), or running large positions that require sizing and risk exposure beyond what a $200 stoploss can run. At least the retail guys trading their CFD accounts at home know they are alone. Over here you join the company expecting that if you take onboard what they say and teach you will be successful, when in reality it gets you nowhere.
