In Trade Now Pay Later model, first withdrawal request of the payout has to be after thirty (30) trading days from the execution of your very first trade on your Phase 3 account, unless you choose the biweekly add-on during the checkout.

In Pay as You Progress model, first withdrawal request of the payout has to be after thirty (30) trading days from the execution of your very first trade on your Phase 3 account.

In Instant funding model, a withdrawal request of the payout has to be after twenty five (25) trading days from the execution of your very first trade on your Instant account.

In Multiplier model, a withdrawal request of the payout has to be after two (2) trading days from the execution of your very first trade on your Phase 3 account.

In 3-Step Challenge funding model, a withdrawal request of the payout has to be after twenty five (25) trading days from the execution of your very first trade on your Funded account.

There is a minimum simulated profit of $50 to be eligible for a withdrawal of performance rewards.

SL is not required for Instant accounts, though its highly recommended to always use SL.

You are required to setup an SL within the first 2 minutes of placing your trade only in the funded phase of Trade Now Pay Later, Pay as you Progress, 3-Step Challenge accounts.

If you fail to place a stop loss within two minutes of executing a trade, our system will automatically detect this and consider this as an hard breach, resulting in the termination of your account.

The leverage provided varies depending on the market and account type:

For Trade Now, Pay Later, Pay as You Progress and 3-Step Challenge Accounts:
1. Forex pairs: Upto 1:100
2. Metals, Indices, Energies: Upto 1:50

For Instant Accounts:
1. Forex pairs: 1:10
2. Metals, Indices, Energies: 1:5

For Multiplier Accounts:
1. Forex pairs: Upto 1:100
2. Metals, Indices, Energies: Upto 1:50

Trading Stability Score (TSS) is all about Consistency in trading.

With a lower value indicating a higher consistency of trades, which could help you to achieve better results, which should be the goal for anyone who wants to stay in the trading business for a longer period of time.

If a trader’s Consistency Score is 100%, it means that all of his/her profit was made on a single day. Therefore, it is very difficult to evaluate the consistency and profitability of a strategy based on the results based on only one day of trading.

The Consistency Metric is calculated using the following formula:
((Highest Profit or Loss Day / Absolute Sum of all Trading Days) x 100.

If an account accumulates a Trading stability score equal to or more than the Max TSS value of the program, the payout will be deferred until the next review date and added to the subsequent payout. The score resets upon payout. It’s important to note that having a higher consistency score will NOT lead to the closure of the account.

This is applicable only to the funded accounts at the moment. (Instant, Pay as you Progress, 3-Step and Trade Now Pay Later)

Max TSS value for Instant Funding and Pay as you Progress: 20
Max TSS value for Trade Now Pay Later and 3-Step Challenge: 15

We welcome high stakes traders, but if we find the behaviour pattern change abnormally on the live account vs challenge accounts, we might ask the trader to retake the challenge to meet his real account trading style till they match their challenge style. Kindly do note that the we should be able to understand the type of trader we are funding, so that appropriate risks can be applied. Trader taking high risks just to pass a phase in minimum days wont serve either you or us. Again, high risk traders are welcome if that’s your trading style and you want to do the same thing on the live account as well. We just dont encourage taking our  challenges casually.

We provide forex pairs, metals, indices CFDs and energies. For the full list of tradable instruments, check the symbols listed on the trading platform from the partner broker’s terminal applications(PC/Mobile)

At present, The Prop Game offers MT5 as our trading platform of choice. We will be launching more platforms soon.

We embrace all profitable trading styles, including discretionary trading, hedging, algorithmic trading, EAs, etc., provided that your trading practices are legitimate, reflective of real market conditions, and executable on our live corporate accounts.

However, strategies that are impractical in real-world market conditions and likely to be rejected by the market or deemed unacceptable by The Prop Game are prohibited. This measure ensures that our traders cultivate the appropriate mindset and approach towards funding.

Prohibited strategies may encompass certain EAs and robots that exploit trading platform inefficiencies, such as tick scalping and arbitrage trading. Strategies that deviate from trading according to live market conditions are not permitted. When utilizing EAs from third parties, it’s important to acknowledge that other traders may already be employing the same EA with an identical trading strategy. Relying on a third-party EA poses a potential risk of account violation. Additionally, the simultaneous opening of positions in opposite directions using different accounts is prohibited.

High-frequency trading (HFT) that induces hyperactivity on our trading platform is also prohibited.

Engaging in any of the aforementioned strategies will lead to immediate termination and/or a permanent ban on your trading and The Prop Game account. Profits generated using such strategies, as well as application fees, will be forfeited.

Despite having Unlimited Trading Days, traders are required to remain in active trading within thirty (30) days from your last trade taken. This is considered as a HARD breach and the account will be disabled. This rule applies to the life long valid Instant accounts too, if there’s no trading activity for 30 days on Instant account, that will be disabled as well.

Yes, you can trade from any device that support MT5.

The use of VPS (Virtual Private Servers) and VPNs (Virtual Private Networks) is permitted as long as you are trading your own account and adhering to our trading rules.

Trading from multiple IP addresses or devices is permitted as long as you are trading your own account and adhering to our trading rules. We recognize that traders may occasionally travel outside their country, and as long as the trader can provide proof if the system flags any activity as suspicious, there are no issues.

There are no restrictions on a minimum holding period for any trades. However, High Frequency Trading (HFT) that involves excessive activity on our trading platform is not permitted. To clarify, manually opening a trade and closing it after a few seconds is not considered HFT and is allowed.

We do not impose any lot size rules, but lot sizes are limited to the margin of the account.

Take note that lot sizes will also be dependent on your account leverage.

Yes. It is mentioned as Trading Stability Score for different programs. This rule is applicable to only funded accounts but not challenge accounts at this time.

Hedging within the same account under the same trader is permissible. However, engaging in hedging buy trades in one account and sell trades in another account under the same trader to pass challenges is strictly prohibited. Similarly, group hedging involving multiple individuals coordinating opposing positions is also not allowed.

Yes, scalping is indeed recognized as a legitimate trading style, and it is permitted as long as it can be executed within live market conditions.

Yes, Trading during news is permitted only in Instant Funding model. Please note that news straddling methods are prohibited in all the models including Instant funding, as this is not replicable in live market conditions.

During any evaluation, you can trade freely during news releases. As a Funded Trader in Trade Now Pay Later, Pay as you Progress and 3-Phase Challenge, you can’t open or close trades from 5 minutes before to 5 minutes after High Impact News announcements, but you can hold existing trades.

Executing a trade means opening or closing a pending order (including stop loss or take profit) or a market execution. This is considered a hard breach in Trade Now Pay Later model, Pay as you Progress and 3-Phase Challenge models and will result in the termination of your account.

We use Economic calendars Forexfactory and Investing.com to identify the High Impact News events.

Copy trading is exclusively permitted for personal accounts that are legally linked to the account holder. Any copy trades initiated from signal services or other accounts not directly tied to the account holder during any of the Phases will be deemed a violation. Participation in such activities may result in the immediate termination of your account, irrespective of its current Phase.

Yes, it is allowed on all the models.

For traders participating in the Pay as You Progress and Trade Now, Pay Later evaluation programs, a maximum overall drawdown of 10% from their initial balance is permitted. Conversely, for traders enrolled in the Instant account, a maximum overall drawdown of 6% from their initial balance is allowed, for traders enrolled in the 3-Step Challenge account, a maximum overall drawdown of 8% from their initial balance is allowed, and for traders enrolled in the Multiplier account, a maximum overall drawdown of either 5% or 2.5% from their initial balance is allowed based on 2x or 5x challenge respectively.

Let’s delve into examples to elucidate this calculation:

**Scenario 01:**

Assume you begin with a $100,000 account, with a maximum overall loss limit of 10% ($10,000). If your account balance or equity ever falls below $90,000, it would violate the rule. To avoid such violations, you must ensure your account balance or equity remains above $90,000.

** Scenario 02:**

Now, suppose you commence with a $100,000 account and earn a $4,000 profit. In this scenario, your overall maximum loss limit increases to $14,000 ($10,000 original limit + $4,000 profit). Consequently, you can sustain a total loss of $14,000. Should your account balance or equity dip below $90,000, it would breach the rule.

In summary, comprehending the overall maximum loss limit is pivotal in managing your trading account. By maintaining your account balance or equity above the required % threshold, you can sidestep potential violations and ensure a fruitful trading journey.

At The Prop Game, all legitimate trading styles are welcome!

We aim to identify and engage independent, consistently profitable traders and reward them for their outstanding trading performance. Therefore, we do not wish to restrict their trading methods. As long as the strategy is legitimate, respects and is replicable onto live market conditions, we have no preference over conventional or automated trading.

However, we must strongly discourage the use of forbidden trading strategies that exploit trading platform inefficiencies. Consequently, we urge you to ensure that the strategy you use does not violate the following:

1. High Frequency Trading (HFT):
   Any trading system that causes hyperactivity on our trading platform, or strategies that exploit trading platform inefficiencies (e.g. tick scalping, arbitrage trading, latency trading, grid trading, one-sided betting etc.) are strictly prohibited.
2. Copy trading from others:
   Copying trades between different traders, usage of a signal service, or copying trades with a group of traders across multiple accounts is not allowed.
3. Hedging across multiple accounts:
   Hedging is allowed within the same account, but hedging buy trades in one account and sell trades in another account from the same trader to pass challenges is prohibited. Group hedging involving individuals with coordinated opposing positions are also strictly not allowed.
4. Account Management Services:
   Services that allow someone else to pass or manage an account on your behalf is strictly prohibited. Providing account management services using our program are also prohibited.
5. Use of guarantee of profit with limit orders during low liquid market:
   This prohibition is in place to prevent potential regulatory violations and exploitation of the market’s low liquidity. Implementing guaranteed adherence to limit orders can lead to exploitative behavior, especially in simulated trading environments. Traders may manipulate order executions in a simulated platform, bypassing the natural flow of trades that would occur in a real market setting. Such actions deviate from genuine financial market practices and violate the Terms of Service outlined by The Prop Game.

For Pay as You Progress accounts and Trade Now, Pay Later accounts:

Traders are permitted a maximum overall drawdown of 10% of the initial balance they start with.

For Instant accounts:

Traders are allowed a maximum overall drawdown of 6% of the initial balance they start with.

For Multiplier accounts:

Traders are permitted a maximum overall drawdown of 5% in 2x challenge and 2.5% in 5x Challenge of the initial balance they start with.

For 3-Step Challenge accounts:

Traders are permitted a maximum overall drawdown of 8% of the initial balance they start with.

For traders participating in the Pay as You Progress, a daily drawdown of up to 5% of their account balance is permitted. For traders participating in the 3-Step Challenge and Trade Now Pay Later evaluation programs, a daily drawdown of up to 4% of their account balance is permitted. For traders enrolled in the Instant account or the Multiplier account programs, a daily drawdown of up to 3% of their account balance is permitted.

To calculate the daily loss limit, you can use the following formula: Daily loss limit = (Your Last day’s Balance – Today’s Balance) / Equity. It’s important to note that your daily loss limit will reset at midnight according to the server time.

Let’s break down these scenarios with examples:

**Scenario 01:**

Suppose you have a $100,000 account, allowing for a maximum daily loss limit of $5,000. If you’ve already lost $2,000 in closed trades, you cannot lose more than $3,000, including floating losses. Any loss exceeding this amount, including swap and commission rates, would be considered a violation.

** Scenario 02:**

If you gained $5,000 in profit in a single day, your allowable loss would be $5,000 (your profit) + $5,000 (your daily loss limit), totalling $10,000. Exceeding this amount in both open and closed positions would constitute a violation.

** Scenario 03:**

It’s crucial to remember that your daily loss limit resets at midnight server time. For instance, if you gained a $2,000 profit in a closed trade and currently have a $6,000 floating loss, your current daily loss stands at -$4,000. However, if you maintain this trade with a $6,000 floating loss past midnight, you’ll breach the daily loss limit, as the new day begins, and you’ve already exceeded the $5,000 limit.

For Pay as You Progress account:

Traders have the flexibility to incur a maximum daily drawdown of 5% of their initial account balance. For instance, if your initial account balance is $100,000, this equates to a daily drawdown limit of $5,000. If, at any point during the day, the total loss (including both running and closed positions) exceeds $5,000, it will be deemed a violation of the daily drawdown rule.

For 3-Step accounts and Trade Now Pay Later accounts::

Traders have the flexibility to incur a maximum daily drawdown of 4% of their initial account balance. For instance, if your initial account balance is $100,000, this equates to a daily drawdown limit of $4,000. If, at any point during the day, the total loss (including both running and closed positions) exceeds $4,000, it will be deemed a violation of the daily drawdown rule.

For Instant and Multiplier accounts:

Traders have the flexibility to incur a maximum daily drawdown of 3% of their initial account balance. For instance, if your initial account balance is $100,000, this equates to a daily drawdown limit of $3,000. If, at any point during the day, the total loss (including both running and closed positions) exceeds $3,000, it will be deemed a violation of the daily drawdown rule.

Traders are required to complete a minimum of three (3) trading days both Phase 1 and 2 of the Pay as you Progress model, three (3) trading days in each of Phase 1,2, and 3 of the 3-Step Challenge model and  twenty five (25) trading days in Instant model. Similarly minimum of five (5) trading days both Phase 1 and 2 of Trade Now Pay Later model

Take note that “Trading Days” are counted only when a trade is opened. For instance, if a trader opens a trade on a Monday and closes it on Wednesday, it will be considered as ONE (1) trading day since the trade was initiated on Monday. The act of closing the trade on a specific day does not count as an additional trading day.