About the Website

 

1.1. Welcome to www.theproptrading.com.au (the ‘Website’). The Website Proprietary Trading (the ‘Services’).

 

1.2. The Website is operated by The Prop Trading PTY LTD (ACN 639 271 033) . Access to and use of the Website, or any of its associated Products or Services, is provided by The Prop Trading PTY LTD. Please read these terms and conditions (the ‘Terms’) carefully. By using, browsing and/or reading the Website, this signifies that you have read, understood and agree to be bound by the Terms. If you do not agree with the Terms, you must cease usage of the Website, or any of Services, immediately.

 

1.3. The Prop Trading PTY LTD reserves the right to review and change any of the Terms by updating this page at its sole discretion. When The Prop Trading PTY LTD updates the Terms, it will use reasonable endeavours to provide you with notice of updates to the Terms. Any changes to the Terms take immediate effect from the date of their publication. Before you continue, we recommend you keep a copy of the Terms for your records. Acceptance of the Terms You accept the Terms by remaining on the Website. You may also accept the Terms by clicking to accept or agree to the Terms where this option is made available to you by The Prop Trading PTY LTD in the user interface.

 

Purchase to use the Services

 

3.1. In order to access the Services, you must first purchase an Evaluation Program through the Website (the ‘Evaluation’) and pay the one-off applicable fee for the selected. Evaluation (the ‘Evaluation Fee’).

3.2. In purchasing the Evaluation Program, you acknowledge and agree that it is your responsibility to ensure that the Service you elect to purchase is suitable for your use.

3.3. You have been made aware that we offer a free trial account to let customers evaluate and familiarize themselves with trading platform prior to making a purchase decision.

3.4. You acknowledge that every effort has been made to provide you with as much information regarding our rules and trading parameters on our website and you agree that it is your responsibility to ensure you understand and will comply with them.

3.5. Try Before You Buy – You are not entitled to a refund of the purchase fee if the service has been started (i.e. started trading on our platform) and/or the customer did not successfully complete the Evaluation Program or terminates the use of the Services prematurely for failing to meet the conditions of The Prop Trading Evaluation Program, or If you are disqualified for violating the Rules or Trading Parameters.

3.6. Once you have purchased the Evaluation, you will then be required to register for an account through the Website before you can access the Services (the ‘ Account’).

3.7. As part of the registration process, or as part of your continued use of the Services, you may be required to provide personal information about yourself (such as identification or contact details), including:

 

(a) Email address

 

(b) Name

 

(c) Telephone number

 

3.8. You warrant that any information you give to The Prop Trading PTY LTD in the course of completing the registration process will always be accurate, correct

 

and up to date.

 

3.9. Once you have completed the registration process, you will be a registered customer of the Website (‘Customer’) and agree to be bound by the Terms. As a customer you will be granted immediate access to the Services from the time you have completed the registration process until the Evaluation period ends (the ‘ Evaluation Period’).

You will receive via email login credentials for the MT5 platform and trader dashboard.

 

4.0. You may not use the Services and may not accept the Terms if:

 

(a) you are not of legal age to form a binding contract with The Prop Trading PTY LTD; or

 

(b) you are a person barred from receiving the Services under the laws of Australia or other countries including the country in which you are resident or from which you use the Services.

 

Your obligations as a Customer As a Customer, you agree to comply with the following:

 

(a) you will use the Services only for purposes that are permitted by:

 

(i) the Terms; and

 

(ii) any applicable law, regulation or generally accepted practices or guidelines in the relevant jurisdictions;

 

(b) you have the sole responsibility for protecting the confidentiality of your password and/or email address. Use of your password by any other person may result in the immediate cancellation of the Services;

 

(c) any use of your registration information by any other person, or third parties, is strictly prohibited. You agree to immediately notify The Prop Trading PTY LTD of any unauthorized use of your password or email address or any breach of security of which you have become aware;

 

(d) access and use of the Website is limited, non-transferable and allows for the sole use of the Website by you for the purposes of The Prop Trading PTY LTD providing the Services;

 

(e) you will not use the Services or the Website in connection with any commercial endeavours except those that are specifically endorsed or approved by the management of The Prop Trading PTY LTD;

 

(f) you will not use the Services or Website for any illegal and/or unauthorized use which includes collecting email addresses of Members by electronic or other means for the purpose of sending unsolicited email or unauthorized framing of or linking to the Website;

 

(g) you agree that commercial advertisements, affiliate links, and other forms of solicitation may be removed from the Website without notice and may result in termination of the Services. Appropriate legal action will be taken by The Prop Trading PTY LTD for any illegal or unauthorized use of the Website; and

 

(h) you acknowledge and agree that any automated use of the Website or its Services is prohibited. Payment.

 

4.1   Acceptance of this Policy

It is your responsibility to understand and agree to this refund policy. By placing an order for any of our products or services, you indicate that you have read this refund policy and that you agree with and fully accept the terms of this refund policy. If you do not agree with or fully accept the terms of this refund policy, we ask that you do not place an order with us. Please contact us at [email protected] should you have any questions regarding our refund policy.

 

 

5.1. Where the option is given to you, you may make payment of the Evaluation Program. Fee by way of:

 

(a) Credit Card Payment (‘Credit Card’)

 

(b) PayPal (‘PayPal’)

 

(c) Stripe

 

(d) Google Pay

 

(e) Apple Pay

 

(f) Bank Transfer

 

(g) Cryptocurrency

 

5.2. All payments made in the course of your use of the Services are made using Bank Deposit. In using the Website, the Services or when making any payment in relation to your use of the Services, you warrant that you have read, understood and agree to be bound by the Bank Deposit terms and conditions. which are available on their website.

 

5.3. You acknowledge and agree that where a request for the payment of the Evaluation Fee is returned or denied, for whatever reason, by your financial institution or is unpaid by you for any other reason, then you are liable for any costs, including banking fees and charges, associated with the Evaluation Fee .

 

5.4. You agree and acknowledge that The Prop Trading PTY LTD can vary the Evaluation Fee at any time and that the varied Evaluation Fee will come into effect following the conclusion of the existing Evaluation Period.

 

Refund Policy

 

Try Before You Buy

 

6.1 The Prop Trading PTY LTD Evaluation Programs are available for purchase on The Prop Trading website. Our Evaluation Programs are on Metatrader 5. We provide a 14-day free trial account to let customers evaluate and familiarize themselves with the trading platform before making a purchase decision. We strongly recommend that all customers download, install, and test the trial trading account prior to making a purchase.

 

Refunds Policy Post Purchase

 

6.2 After a cleared payment on the purchase of one of our evaluation plans occurs, you will receive an email with the login details for your trading platform. Once this information is emailed to you, no refund will be given. Please take advantage of the 14-day trial account before you complete your purchase.

 

6.3 Refunds After successfully completed the Evaluation Program. After you have successfully completed the Evaluation Program and proceeded to funded phase you will receive a refund of the initial fee (except reset fee) with your first monthly withdrawal. Your signup fee will not be refunded until you have generated sufficient profits for a withdrawal.

 

6.4   Refund Under Extenuating Circumstances In rare instances. Only before the first login, at our discretion, a refund might be considered minus our order processing and banking fees (up to 25% of the purchase price).

 

In the event we are unable to continue to provide the Services. Where this occurs, the refund will be in the proportional amount of the Evaluation Fee that remains unused by the Member (the ‘Refund’).

 

In such instances, we require that you provide enough information for us to positively identify your purchase transaction (e.g., order number, your name, date of transaction, program acquired, etc.).

 

6.5   Acceptance of this Policy

 

It is your responsibility to familiarize yourself with this refund policy. By placing an order for any of our products, you indicate that you have read this refund policy and that you agree with and fully accept the terms of this refund policy. If you do not agree with or fully accept the terms of this refund policy, we ask that you do not place an order with us. Please contact us at [email protected] should you have any questions regarding our refund policy.

 

Copyright and Intellectual Property

 

7.1. The Website, the Services and all of the related products of The Prop Trading PTY LTD are subject to copyright. The material on the Website is protected by copyright under the laws of Australia and through international treaties. Unless otherwise indicated, all rights (including copyright) in the Services and compilation of the Website (including but not limited to text, graphics, logos, button icons, video images, audio clips, Website, code, scripts, design elements and interactive features) or the Services are owned or controlled for these purposes, and are reserved by The Prop Trading PTY LTD or its contributors.

 

7.2. All trademarks, service marks and trade names are owned, registered and/or licensed by The Prop Trading PTY LTD, who grants to you a worldwide, nonexclusive, royalty-free, revocable license whilst you are a Member to:

 

The Prop Trading PTY LTD does not grant you any other rights whatsoever in relation to the Website or the Services. All other rights are expressly reserved by The Prop Trading PTY LTD.

 

(a) use the Website pursuant to the Terms;

 

(b) copy and store the Website and the material contained in the Website in

 

your device’s cache memory; and

 

(c) print pages from the Website for your own personal and non-commercial use.

 

7.3. The Prop Trading PTY LTD retains all rights, title and interest in and to the Website and all related Services. Nothing you do on or in relation to the Website will transfer any: to you.

 

(a) business name, trading name, domain name, trademark, industrial design, patent, registered design or copyright, or

 

(b) a right to use or exploit a business name, trading name, domain name, trademark or industrial design, or

 

(c) a thing, system or process that is the subject of a patent, registered design or copyright (or an adaptation or modification of such a thing, system or

 

process),

 

7.4. You may not, without the prior written permission of The Prop Trading PTY LTD and the permission of any other relevant rights owners: broadcast, republish, up-load to a third party, transmit, post, distribute, show or play in public, adapt or change in any way the Services or third-party Services for any purpose, unless otherwise provided by these Terms. This prohibition does not extend to materials on the Website, which are freely available for re-use or are in the public domain.

 

Privacy

 

8.1. The Prop Trading PTY LTD takes your privacy seriously and any information provided through your use of the Website and/or Services are subject to The Prop Trading PTY LTD’s Privacy Policy, which is available on the Website.

 

General Disclaimer

 

9.1. Nothing in the Terms limits or excludes any guarantees, warranties, representations or conditions implied or imposed by law, including the Australian Consumer Law (or any liability under them) which by law may not be limited or excluded.

 

9.2. Subject to this clause, and to the extent permitted by law:

 

(a) all terms, guarantees, warranties, representations or conditions which are not expressly stated in the Terms are excluded; and

 

(b) The Prop Trading PTY LTD will not be liable for any special, indirect or consequential loss or damage (unless such loss or damage is reasonably foreseeable resulting from our failure to meet an applicable Consumer Guarantee), loss of profit or opportunity, or damage to goodwill arising out of or in connection with the Services or these Terms (including as a result of not being able to use the Services or the late supply of the Services), whether at common law, under contract, tort (including negligence), in equity, pursuant to statute or otherwise.

 

9.3. Use of the Website and the Services is at your own risk. Everything on the Website and the Services is provided to you “as is” and “as available” without warranty or condition of any kind. None of the affiliates, directors, officers, employees, agents, contributors, and licensors of The Prop Trading PTY LTD make any express or implied representation or warranty about the Services or any products or Services (including the products or Services of The Prop Trading PTY LTD) referred to on the Website. includes (but is not restricted to) loss or damage you might suffer as a result of any of the following:

 

(a) failure of performance, error, omission, interruption, deletion, defect, failure to correct defects, delay in operation or transmission, computer. virus or other harmful component, loss of data, communication line failure, unlawful third-party conduct, or theft, destruction, alteration or unauthorized access to records;

 

(b) the accuracy, suitability or currency of any information on the Website, the Services, or any of its Services related products (including third party material and advertisements on the Website);

 

(c) costs incurred as a result of you using the Website, the Services or any of the products of The Prop Trading PTY LTD; and

 

(d) the Services or operation in respect to links which are provided for your convenience. Limitation of liability

 

10.1. The Prop Trading PTY LTD’s total liability arising out of or in connection with the Services or these Terms, however arising, including under contract, tort. (including negligence), in equity, under statute or otherwise, will not exceed the resupply of the Services to you.

 

10.2. You expressly understand and agree that The Prop Trading PTY LTD, its affiliates, employees, agents, contributors and licensors shall not be liable to you for any direct, indirect, incidental, special consequential or exemplary damages which may be incurred by you, however caused and under any theory of liability. This shall include, but is not limited to, any loss of profit (whether incurred directly or indirectly), any loss of goodwill or business reputation and any other intangible loss.

 

Termination of Contract

 

11.1. The Terms will continue to apply until terminated by either you or by The Prop Trading PTY LTD as set out below.

 

11.2. If you want to terminate the Terms, you may do so by:

 

(a) providing The Prop Trading PTY LTD with 5 days’ notice of your intention Your notice should be sent, in writing, to The Prop Trading PTY LTD via the Contact Us’ link on our homepage. to terminate; and

 

(b) closing your accounts for all of the services which you use, where The Prop Trading PTY LTD has made this option available to you.

 

11.3. The Prop Trading PTY LTD may at any time, terminate the Terms with you if:

 

(a) you have breached any provision of the Terms or intend to breach any provision;

 

(b) The Prop Trading PTY LTD is required to do so by law;

 

(c) the provision of the Services to you by The Prop Trading PTY LTD is, in the opinion of The Prop Trading PTY LTD, no longer commercially viable.

 

11.4. Subject to local applicable laws, The Prop Trading PTY LTD reserves the right to discontinue or cancel your membership at any time and may suspend or deny, in its sole discretion, your access to all or any portion of the Website or the Services without notice if you breach any provision of the Terms or any applicable law or if your conduct impacts The Prop Trading PTY LTD’s name or reputation or violates the rights of those of another party.

 

Indemnity

 

12.1. You agree to indemnify The Prop Trading PTY LTD, its affiliates, employees, agents, contributors, third party content providers and licensors from and against:

 

(a) all actions, suits, claims, demands, liabilities, costs, expenses, loss and damage (including legal fees on a full indemnity basis) incurred, suffered or arising out of or in connection with Your Content;

 

(b) any direct or indirect consequences of you accessing, using or transacting on the Website or attempts to do so; and/or

 

(c) any breach of the Terms.

 

Dispute Resolution

 

13.1. Compulsory:

 

If a dispute arises out of or relates to the Terms, either party may not commence any Tribunal or Court proceedings in relation to the dispute, unless the following clauses have been complied with (except where urgent interlocutory relief is sought).

 

13.2. Notice:

 

A party to the Terms claiming a dispute (‘Dispute’) has arisen under the Terms, must give written notice to the other party detailing the nature of the dispute, the desired outcome and the action required to settle the Dispute.

 

13.3. Resolution:

 

On receipt of that notice (‘Notice’) by that other party, the parties to the Terms

 

(‘Parties’) must:

 

13.4. Confidential:

 

All communications concerning negotiations made by the Parties arising out of and in connection with this dispute resolution clause are confidential and to the extent possible, must be treated as “without prejudice” negotiations for the purpose of applicable laws of evidence.

 

13.5. Termination of Mediation:

 

If 2 months have elapsed after the start of a mediation of the Dispute and the Dispute has not been resolved, either Party may ask the mediator to terminate the mediation and the mediator must do so.

 

(a) Within 30 days of the Notice endeavour in good faith to resolve the Dispute expeditiously by negotiation or such other means upon which they may mutually agree;

 

(b) If for any reason whatsoever, 30 days after the date of the Notice, the Dispute has not been resolved, the Parties must either agree upon selection of a mediator or request that an appropriate mediator be appointed by the President of the Australian Mediation Association or his or her nominee;

 

(c) The Parties are equally liable for the fees and reasonable expenses of a mediator and the cost of the venue of the mediation and without limiting the foregoing undertake to pay any amounts requested by the mediator as a pre-condition to the mediation commencing. The Parties must each pay their own costs associated with the mediation;

 

(d) The mediation will be held in Brisbane, Australia. Venue and Jurisdiction The Services offered by The Prop Trading PTY LTD is intended to be viewed by residents of Australia. In the event of any dispute arising out of or in relation to the Website, you agree that the exclusive venue for resolving any dispute shall be in the courts of Queensland, Australia.

 

Governing Law The Terms are governed by the laws of Queensland, Australia. Any dispute, controversy, proceeding or claim of whatever nature arising out of or in any way relating to the Terms and the rights created hereby shall be governed, interpreted and construed by, under and pursuant to the laws of Queensland, Australia, without reference to conflict of law principles, notwithstanding mandatory rules. The validity of this governing law clause is not contested. The Terms shall be binding to the benefit of the parties hereto and their successors and assigns.

 

Independent Legal Advice

 

Both parties confirm and declare that the provisions of the Terms are fair and reasonable and both parties having taken the opportunity to obtain independent legal advice and declare the Terms are not against public policy on the grounds of inequality or bargaining power or general grounds of restraint of trade.

 

Severance

 

If any part of these Terms is found to be void or unenforceable by a Court of competent jurisdiction, that part shall be severed, and the rest of the Terms shall remain in force.

 

Company Image

 

The Prop Trading does not give permission to clients to use the Company’s name as well as Company’s product(s), product likeness(es), copyright(s), trademark(s), artwork, videos, testimonials, promotional campaigns, images, likenesses, logos and/or signage and that clients do need the consent or permission of a company Director  in order to use the Company name, images, likenesses, logos and/or signage and/or Product Likeness as described above.

 

 

 

 

Evaluation Program Rules and Trading Parameters

 

 

How do I become funded by The Prop Trading?

 

To trade a funded account all traders are required to successfully complete our Evaluation Program.

Simply select your preferred account size 25K, 50K, 100K, 200K and 400K.

After completing the program, you will be offered a funded account.

 

What is the Evaluation Program?

The Evaluation Program is a two-step process where you are required to trade on a demo account. You have 30 calendar days to reach the 8% profit target on step 1 and you have 60 calendar days to reach the 5% profit target on step 2. After completion without violation, you will be eligible for a Funded account.

 

What is account size and Funding Capital?

We offer 5 account sizes: 25K, 50K, 100K, 200K and 400K. The account size is the initial balance available to trade on the account. Your will be trading the same account balance for Evaluation step 1 and 2 and funded accounts.

Please check our scaling plan.

 

What is the Leverage, spreads, commissions, and fees?

Leverage for all account sizes and instruments is 1:200 and you trade with ultra-low Spreads from 0.5 Pip, No Commission and No brokerage Fees. We offer the best trading conditions and benefits for our traders.

 

Is there a minimum trading days requirement?

There are no minimum trading days during the Evaluation Program.

You can start trading step 2 as soon as you have completed step 1.  You can proceed to the Funded phase as soon as you have completed step 2.

 

Is there a free trial?

We offer a free trial account so you can try MT5 trading platform and put your skills to the test before applying for the real Evaluation Program for 14 days, and it is completely free https://theproptrading.com.au/my-account/

*Free trial account or results from external platforms are not considered for the Evaluation Program

 

When does the Evaluation Program start?

Your Evaluation Program step 1 starts when you place the first trade.

If you need to start trading after 30 days from your purchase date, you are required to contact [email protected]

*Step 2, “Reset” and “Free Retry” accounts will start when you place the first trade and must be 30 days from account being issued.

 

How many accounts can I trade?

There are no limits to the number of accounts you can trade in any phase, if you trade them independently.

 

For instance, you could trade 5 or more 200K accounts separately by placing different trades on these accounts.

 

Please check “Max capital allocation” for Funded phase.

 

Can I hold overnight, over-the-weekend positions and trade news releases?

You can trade news release. There are no restrictions or disqualifying rules regarding trading outside market hours or holding (*) over-the-weekend positions.

(*) You are not allowed to trade or hold Cryptocurrencies over-the-weekend.

9:00 pm Friday, Greenwich Mean Time (GMT) to 9:00 pm Sunday, Greenwich Mean Time (GMT).

See Violations.

 

Are you a Broker?

No. We are a Proprietary Trading Company.

We use BRK HOLDINGS (“The Brokers Capital”) received 5 stars review from our traders for ultra-low spreads, no commission and fast execution. Feel free to request a free trial account and try the platform.

Free Trial Account Registration: https://theproptrading.com.au/my-account.

 

Do I have to pay for my loss?

No. We are responsible for the funding and liable for the losses in your trading account. Our traders will not be charged as a result of losing trades.

 

How much experience do I need before I apply?

There is no specific timeframe to become a successful trader. We understand the importance of theoretical knowledge, but it is equally beneficial to put your expertise into practice. Trading professionally is a continuous learning career since the market is always evolving.

If you are confident with your strategy and consistent with your results, we encourage you to apply.

 

Are EAs allowed?

EAs are allowed. You may use EAs (Expert Advisors) that you have setup/programmed to suit your own strategy or trading style. The use of EAs is acceptable within our guidelines, however, the risk associated with the use of commercially available EAs is that potentially other accounts will be placing the same trades and this breaches our copy trading rule.

 

Is copy trading allowed?

Trade copier is allowed if you are copying from your own external account to one of our TPT Evaluation Program or Funded accounts. If the same trades are placed manually or via copier on two or more accounts irrespective of the source, they may be identified as copies and violate our rules. Copy trading rules are based on the principle of risk diversification. In order to mitigate and manage our risk, our firm does not allow trades with the same exposure to be carried simultaneously in multiple accounts.

 

After you pass Evaluation, you can merge up to 500K into one account.

 

Official MT5 time – Account Reset/ Max daily limit / Expiry?

The official “server” date and time are provided on your MT5 trading platform and easily accessible on “Market Watch”(CTRL+M). Please, check your time zone. Time may change during European Summer Time.

 

Can I have a Free Retry?

After completing 30 calendar days, if your account equity is not below the initial balance and you have not violated the rules, you may be entitled to 2 Evaluation retries after the first attempt free of charge. If your account meets the criteria, you will automatically receive an email with Retry login details after the 30 calendar days. Retry benefit is only available for Step 1 accounts thus, Funded, Step 2 and previously Reset accounts do not qualify.

If your account is not eligible for a retry, you may apply again for a new Evaluation Program account.

 

Can I reset my account after violating the trading parameters?

If you have violated the trading parameters on step 1, your account will be eligible for a Reset at a discounted price. You can request an account reset by pressing the button that will be enabled on your dashboard for 7 days after the violation. The Reset account will start when you place the first trade, and it must be 30 days from account being issued. Reset benefit is only available for Step 1 accounts thus, Funded, Step 2 and Retry accounts do not qualify.

 

What are the Trading Hours?

Most Forex pair trading hours are 24 hours per day during the week. The market officially opens on Monday morning at 8 am AEST, local time in Sydney, Australia and closes on Friday afternoon at 4pm GMT-5, local time in New York. Check your local time zone.

To find trading hours for a particular instrument > right click on the instrument on Market Watch > Specification > scroll down to Sessions.

Indices CFDs trading hours vary depending on the market you are trading.

Crypto CFDs follows Forex trading hours.

 

Is the Evaluation Fee refundable?

The Evaluation Program fee is fully refundable when you receive the first payout. We refund through the same payment method you used to make the purchase. Instructions on how to request your refund will be provided with the invoice making link.

Please, check our refund policy.

 

Which Trading Instruments are available?

You may refer to the list of instruments allowed to trade, including over 50 Forex pairs, Metals, the top 10 Indices CFDs and the main Cryptos CFDs on MT5 platform.

Please be advised that our broker may provide a variety of instruments on the platform. However, if you are trading our Evaluation or Funded TPT accounts you are not allowed to trade instruments except for those ones listed below.

 

 

What is Profit Share?

Traders are entitled to 80% of the profit share resulting from your trading activities. Traders are responsible for dealing with their tax declaration on your own place of residence.

 

Can I Merge my Funded Accounts? What is the maximum capital allocation?

You can increase your capital allocation and merge up to 500K into one account on Funded phase. The maximum capital allocation applies “per account”, but you could have for example 5 x 200K funded accounts and trade them separately by placing different trades on these accounts.

Please note the 500K is the maximum “initial” account balance but there is no limit to how much you can grow your account using the Scaling Plan and profits accumulated. We do not limit profitable traders; in fact, we support your growth.

Accounts with balance above initial balance are eligible to merge on account anniversary date or with newly issued accounts.

 

What is Maximum Daily Loss?

Max daily loss is 5% of the Account Size. For instance, on a 200K Account the max daily loss is fixed $10.000.

Example using a $200,000 account:

Your daily loss is $10,000 and today you have already made $2,000 profit, so you only hit the daily loss if you lose $12,000 today. Profits made on the day work as a buffer for eventual losses on the same day.

The account equity must not hit/exceed the max daily loss throughout the day including unrealized positions any time during a 24-hour cycle.

Account Size 25K 50K 100K 200K 400K
Max Daily Loss $1,250 $2,500 $5,000 $10,000 $20,000

 

The account equity reset time is the 12:00AM on Market Watch (Ctrl+M) at MT5. Please check your time zone. Time may change during European Summer Time.

*Metrics available on traders Dashboard:

 

“Prior day Equity” (at Reset Time) – Current Equity must be < Max Daily Loss

 

 

What is Maximum Total Loss?

The maximum drawdown allowed in your account during the Evaluation Program is 10%.

Example using a $200,000 account. Max total loss is 10% of your initial balance = $20,000.

If you already have a profit of $ 10,000 accumulated during the trading period, you will only reach the max total loss if you accumulate a $ 30,000 loss.

Account Size 25K 50K 100K 200K 400K
Max Total Loss $2,500 $5,000 $10,000 $20,000 $40,000

 

Your account equity including unrealized/floating positions must not hit/exceed below 90% of your initial balance at any given time.

 

I have passed the Evaluation Program, what is next?

Congratulations! You will be notified via email about the Program completion. The email will contain important information on how to produce the Trader Agreement and submit it to us along with your Proof of Identity and Proof of Address documents. Please, read the instructions carefully to avoid delays in processing the funded account.

 

What is the account type and trading platform?

Our Evaluation and Funded Accounts are on Metatrader 5 Demo Account – Hedge – with live market data from our Broker server located in New York.

 

Is hedging allowed?

Hedging is allowed in all phases of our program. In fact, the MT5 demo account provided by our broker is the Hedge version.

 

Is there a lot size limit?

During the Evaluation Program Step 1 and Step 2 you can trade the maximum position size allowed by the margin available on your trading platform.

 

The temporary max lot exposure per instrument is only applicable for the initial 3 months on the funded account after the first trade is placed.

 

Examples, according to account size:

 

25K Account 1.25 lot exposure per instrument
50k Account 2.5 lot exposure per instrument
100k Account 5.0 lot exposure per instrument
200k Account 10 lot exposure per instrument
400K Account 20 lot exposure per instrument

 

Please note, you can still trade your max lot exposure with multiple instruments.

For example, on 200K account you can open multiple 10 lots per instrument simultaneously such as 10 XAUUSD, 10 EURUSD, 10 USDJPY and 10 NAS100 or any other instrument/pair of your preference.

* After 3 months of trading actively on Funded phase, you may request an account review for the max lot exposure per instrument to be removed directly on our website on “My Account” https://theproptrading.com.au/my-account/

 

Do you offer Islamic/Swap free account?

The swap free account is now available. If you wish to apply, please make a “swap free” account request after purchasing your program, when you receive your login details via email to [email protected] Swap free accounts only are subject to a commission charged by the broker.

 

How to make a Withdrawal?

 

Biweekly withdrawals will be available after you receive your first withdrawal. Your first withdrawal will be available 30 days after you started trading and the “next withdrawal date” will be displayed on your dashboard under Profit Share tab.

 

To be eligible for your withdrawal:

Account balance must be above the initial account balance, no violations identified, completed 10 minimum trading days and prior to making a request all positions must be flat. For Biweekly payouts, the same criteria applies but only 5 minimum trading days.

 

Once eligible, the Withdrawal button will be enabled on your Dashboard, for a period of 24 hours from 12AM Server Time. Please check your time zone. Once you click on the button the profits will be deducted from your MT5 account and you will receive an email with the Instructions on how to invoice us and the available payment options. You do not need to stop trading. After requested, you are required to submit the invoice in 7 days from your withdrawal request.

 

*If your account does not meet the eligibility criteria on the account withdrawal date or if you miss the cut off time for withdrawal request, the balance will be automatically rolled over into the next cycle. If we do not receive a valid invoice within 7 days from your withdrawal request, the profits will be automatically rolled over into the new account created.

 

*If you choose not to withdraw your 80% Profit share The Prop Trading will also maintain our 20% profit share in your trading account for growth.

 

What is the Scaling Plan?

Accounts are reviewed for extra capital allocation every 3 months.

Your account equity must increase 6% in three consecutive months, or average monthly growth of 2%, and at least 2 out of these 3 months your account must close in profit.

To take advantage of our scaling plan and be eligible for a 25% extra capital allocation, the current account balance must not be below the initial balance when the review is conducted, and no withdrawals were made during the 3-month period. After you get the 25% extra capital allocation, you may withdraw the previously earned profits and start over a new 3-month cycle for a new scaling plan.

All account parameters, such as loss limits will be adjusted on the same proportion to reflect the capital growth.

 

Does The Prop Trading support account compounding?

The Prop Trading will refrain from taking our 20% profit split If you choose not to withdraw your 80% share and help your account to grow more exponentially.

 

What are the Payout methods?

We offer withdrawals via Bank Wire, PayPal and “Cryptos (BTC, ETH and USDT).

 

What happens if I violate a rule or the trading parameters?

As an industry standard, if an account breaches the rules or trading parameters on the Evaluation Program the account will become no longer eligible for funding. Failure to abide by these rules or trading parameters on the funded phase your will result in account closure, termination from the funding program completely with a complete forfeit of fees. Please be advised that some violations are not automatically identified and will only be verified by our risk team when an account review is conducted.

 

What is Trading according to a real market condition?

Trading activities must be genuine according to real market operation and traders must not use practices that cannot be verified against real market conditions. Trading using strategies that misuse the real market function or that are intended to take advantage of any system vulnerabilities or deceive the live market execution is not allowed and will be considered a violation.

The use of the following is not acceptable within our guidelines: copy trading of other persons signals, tick scalping, latency arbitrage trading, reverse arbitrage trading, hedge arbitrage trading, or any use of emulators.

Trading two or more accounts placing the same trades in opposite directions or any other strategies that clearly intends to reach a target or a profit in one account while incurring a loss or violation on the other/s is not acceptable in any phases of our program.

 

Violations

As an industry standard, if an account breaches the rules or trading parameters on the Evaluation Program the account will become no longer eligible for funding. If your account breaches the rules or trading parameters on the funded phase your account will be closed, and the Trader Agreement terminated. Please be advised that some violations are not automatically identified and will only be verified by our risk team when an account review is conducted.