FAQ

Check here the most frequently asked questions

Explore our comprehensive list of frequently asked questions to find answers to common inquiries about our prop trading challenges and funding program. Whether you're curious about challenge types, requirements, risk management, or bonuses, you'll find valuable insights here.

What are the different challenge types available for prop trading?

We offer five challenge types: Starter, Standard, Professional, Advanced, and Expert. Each has varying deposit amounts and profit targets to suit different trading goals.

How much is the deposit amount for each challenge type?

Deposit amounts range from $5,000 to $100,000, depending on the selected challenge type.

Is there a time limit for completing the phases of the challenge?

Yes, each challenge consists of two phases, each with a 45-day time limit.

What is the minimum number of trading days required in each phase?

Traders must complete a minimum of 5 trading days in both Phase 1 and Phase 2 of the challenge.

What is the profit split for these challenges?

Traders can earn up to 100% of their profits, depending on their performance.

What is the profit target for each phase of the challenge?

The profit target is 10% for Phase 1 and 5% for Phase 2 of all challenge types.

How is drawdown calculated, and what are the limits?

Drawdown is calculated based on both max absolute drawdown (10% from the initial balance) and max daily drawdown (4% from the start of the daily balance).

Are there any monthly salary bonuses for traders?

Yes, traders can earn monthly salary bonuses ranging from $100 to $1,000, depending on the challenge type.

Is there a one-time fee for participating in the challenges?

Yes, there is a one-time, refundable fee for each challenge type, ranging from $88 to $538 USD.

What are some common challenges faced by prop traders during the evaluation process?

Common challenges include managing risk, meeting profit targets, and ensuring consistent performance throughout the trading phases.

How can I effectively manage risk to prevent drawdown?

To manage risk, it's crucial to employ sound risk management strategies, such as setting stop-loss orders and diversifying your trading portfolio.

What should I do if I don't meet the profit target in Phase 1?

If you don't meet the Phase 1 profit target, you can continue trading in Phase 2 to achieve the required profit.

FAQ