Frequently Asked Questions
Thank you for considering The Prop Trading your choice of Prop Firm.
In order for us to fund your trading account we need to assess your trading skills including your ability to make profits and manage risk. You will be tasked to demonstrate these abilities taking part in our Evaluation Program.
Simply sign-up for the Evaluation Account size of your choice and complete the program according to pre-established parameters. After completing the program, you are automatically offered a funded account.
To be eligible for a funded account, traders are required to take part in our evaluation process trading on a demo account on Metatrader5. You will receive your account parameters including profit target and loss limits according to the account size you have chosen.
Check Profit Target and Loss limits for details.
What is the Program duration?
Your Evaluation Program begins when you are sent out the account login details, unless advised otherwise. If you wish to start at a later date please let us know immediately after the purchase.
Our evaluation program is divided into two steps. Step 1 traders have 30 calendar days to reach the profit targets and meet the funded account eligibility criteria, including minimum trading days. If the profit target in step 1 is reached and the criteria is met before 30 days, the trader may proceed to the next phase.
Step 2, traders have 60 calendar days to reach the profit targets and meet the funded account eligibility criteria, including minimum trading days. If the profit target is reached and the criteria is met before 60 days, the trader will become eligible for a funded account.
We offer 3 account sizes: 50K, 100K and 200K. The account size is the amount of capital allocated to your account balance. The balance you will be trading during Evaluation is the same you will receive in your funded account.
If you wish to trade with a higher account balance, please apply for another Evaluation program and trade more accounts.
All funded accounts are entitled to additional capital allocation as per our scaling plan.
Leverage for all account sizes is 1:200
You can start trading a funded account as soon as you successfully complete the Evaluation Program. However, for each step 1 and step 2 of the Evaluation Program traders are required to trade at least 10 days. Please note, a position open and held over a number of days before closing will be counted as a single trading day.
We offer a free trial where you can trade under the same conditions as the real Evaluation for 14 days, and it is completely free. We encourage traders to familiarise themselves with the MT5 trading platform and put their skills to the test before applying for the real Evaluation Program.
Please note, your free trial account is not eligible for a funded account and neither will we consider your results performed on external trading platforms.
To request your free trial account please sign up to our website and go to my client area: https://theproptrading.com.au/my-account/
Choose your Evaluation Program according to the amount of capital you want to trade. Greater account sizes give more flexibility to trade more lots, open more positions simultaneously and can potentially generate higher payouts.
Most importantly choose a program that best suits your strategy and experience.
You can sign up for multiple Evaluation Programs at the same time. Once you pass the Evaluation Programs and start trading the Funded accounts you can merge all your accounts into one up to 500K.
Yes, you can trade news release, besides there are no restrictions or disqualifying rules regarding trading outside market hours or holding over-the-weekend positions. Traders should not refrain from trading major financial data releases.
If you are confident you have a good risk management system we encourage you to take advantage of those highly volatile periods.
No. We are a Proprietary Trading Company.
The broker we use ( The Brokers Capital ) has received 5 star reviews regarding the MT5 platform, ultra-low spreads and fast execution from all our traders.
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.
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.
Yes, you can source your own third-party solution. Please note, even though we allow EAs you cannot trade multiple accounts connected via copier executing identical trades simultaneously. This would be easily identified by our risk management team and considered a violation to our rules and the accounts would become ineligible for funding.
The objective of our evaluation process is to assess your ability to make a profit, be consistent and maintain adequate risk management. Traders are not offered remuneration during or for simply completing the Evaluation Program.
Yes. In fact, if you have not violated the trading parameters including maximum daily and total losses and your account equity is not below the initial balance you may be entitled to 3 chances to pass, 1 sign up + 2 Evaluation retakes after the initial attempt free of charge.
If you happen to violate the trading parameters including maximum daily and total losses or your account equity is below the initial balance, you may apply again for another Evaluation Program.
Yes, if you have violated the trading parameters including daily and total drawdowns within 7 days from the date you signed up you may be entitled to an account reset at a discounted rate. You will be advised of this special offer via email.
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.
Indice CFDs trading hours vary depending on the market you are trading.
Cryptos can be traded 24/7, however liquidity levels may significantly impact volatility at times.
Yes, after you have successfully completed the Evaluation Program you will receive a refund of the fee paid together with your first monthly withdrawal.
Please check our refund policy.
There are over 50 Forex pairs including all majors available for trading as well as the TOP 10 Indice CFD’s in our MT5 platform.
Profit Target is your trading objective, if you achieve this result you are offered a funded account
Step 1: Reach 8% profit target within 30 days without violating any trading parameters.
Step 2: Reach 4% profit target within 60 days without violating any trading parameters.
Traders are remunerated 80% of the net profit share resulting from their trading activities.
Once you complete the Evaluation Programs and start trading the Funded accounts you can merge your accounts into one of up to 500K.
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.
The maximum drawdown allowed in one trading day is 5%. Your account equity including unrealized profit/loss must not decrease below 95% of the initial balance in one trading day.
If our account equity hits or exceeds the Maximum Daily Loss including the floating trades at any time during a 24-hour cycle ending/starting at 12:00AM (midnight) GMT+2, the open trading positions will be closed and your account will become ineligible for funding.
If you have successfully completed phase 1 before the 30 days please send our support team an account review request. We are always happy to review your results. This verification should take a maximum of 24 hours and if positive you will automatically receive an email confirmation to begin phase 2.
If you have successfully completed phase 2 before the 60 days please send our support team an account review request. This final verification should take a maximum of 24 hours and if successful you will automatically receive the Approval and the next steps to start trading a funded account.
Our Evaluation Program is run on a Metatrader5 demo account with live market data.
The Funded accounts are also on Metatrader5 demo, linked to our live corporate account via cutting-edge technology that copies your trades and enables us to capitalize on your ability to make profits.
Spreads from 0.5 Pip
No brokerage fees, no commissions.
You can trade the maximum position size allowed by the margin available on your trading platform.
Traders from any nationality or background are welcome to apply. There are no restrictions or pre-requisites for traders to be accepted into our program.
After the last trading session of every month you will receive an account profit/loss summary. Based on your results you may choose to make a partial or full profit share withdrawal or maintain the profits in your trading account to build up some equity and create a buffer for potential drawdowns.
Please note, 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.
If you chose to withdraw, once we receive your confirmation the amount will be deducted from your account balance. You will be required to send as an invoice with the details of the withdrawal. The Payouts are processed on the 10th day via Bank wire and Paypal.
There is no minimum withdrawal required.
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.
Your account will be eligible for a 25% extra capital allocation, provided that at the time of the review, the current account balance is not below the initial balance.
Your account parameters will be adjusted in the same proportion to reflect the capital growth.
Yes, to reinforce our strong commitment to our traders success and long-lasting partnerships, The Prop Trading will refrain from withdrawing our 20% Profit Share every time the traders refrain from withdrawing their 80% Profit Share and help them grow their account balance faster.