• There is no maximum time limit to achieve the required profit, you may take as long as you need to reach the target. However, you may not break any disqualifying conditions. Doing so will end the assessment immediately. For further information, see Rules for Assessment – Draw Down, General Rules – Stop Loss, General Rules – Resets, and General Rules – Disqualification
• There is a requirement for a minimum of 25 active trading days. Both this requirement and the Profit Target requirement must be met to pass the assessment stage.
  An active trading day is defined as any weekday on which you open at least one trade. This will count as 1 active trading day, no matter the duration of the trade(s).
• Swing traders can opt to open at least 20 trades, on different days, and with a minimum open duration of 3 days to meet this requirement.     

Proppers.io works with a Maximum Trailing Draw Down of 5% from the All-Time High (ATH) of your current account. This defines both the risk you are allowed to take (also see General Rules – Total Stop Loss), as well as the maximum you can afford to lose before any open positions are closed and your account is disabled (also see General Rules – Resets and try-overs).

For the ATH, we consider balance, never the equity

If you breach the max draw down limit with either balance or equity, you will fail the assessment.

Examples: Assuming a Silver package. $ 50K account size

• At the start, the drawn down will be 5% of ATH, thus 5% of $ 50K
  Your maximum allowed risk will be $ 2.500
  Your max draw down limit will be $ 50,000 – $ 2,500 = $ 47,500
  Once your balance or equity drops below this level, you will fail your assessment.
• You have traded a few days and have reached an ATH balance of $ 52,000, the drawn down will now be 5% of ATH, thus 5% of $ 52.000
  Your maximum allowed risk will be $ 2,600
  Your max draw down limit will be $ 52,000 – $ 2,600 = $ 49,600
  Once your balance or equity drops below this level, you will fail your assessment.
• You trade a few more days and incur some losses. Your ATH still stands at $ 52,000, however, your balance has dropped to $ 51,500
  Your maximum loss from ATH is 5% of ATH, thus 5% of $ 52,000, equalling $ 2,600. Your max draw down limit is $ 49,600.
  However, since your balance is now $ 51,500, your max loss from this point is $ 1,900 ($ 51,500 – $ 49,600).
  Your max allowed risk is also the same, $ 1,900.    

The profit target to pass the assessment is 10% net profit or more. This means that on e.g. a $ 50K account, you need to make a minimum net profit of $ 5,000.

You cannot have any open positions or open orders when reaching this limit and claiming success.

You must also have completed the minimum trading days to pass the assessment.

After claiming success, we will manually review your trades for any infractions. This will normally not take more than 48 hours.

If you did not commit any infractions, you will be promoted to signal provider, and start earning 75% profit share.

• There is no maximum time limit to achieve the required profit, you may take as long as you need to reach the target. However, you may not break any disqualifying conditions. Doing so will end result in the closing of all your positions and disabling of your account. For further information, see Rules for Live Accounts – Draw Down, General Rules – Stop Loss, General Rules – Disqualification and General Rules – Resets-
• If you decide you want to take an extended break (1 month +), you are required to give us fair notice so that we can use the funds. Upon your return, all funds will be returned to your account.
• There is a requirement for a minimum of 30 active trading days. Both this requirement and the Profit Target requirement must be met to pass to the next live stage.
  An active trading day is defined as any weekday on which you open at least one trade. This will count as 1 active trading day, no matter the duration of the trade(s).
• Swing traders can opt to open at least 20 trades, on different days, and with a minimum open duration of 3 days to meet this requirement.     

Proppers.io works with a mix of Trailing Draw Down and Fixed Draw Down 

As long as you’re not at Break-Even with your max draw down limit, you will have a Trailing Max Draw Down of 5% from the All-Time High (ATH) of your current account. This works just the same as the Trailing Draw Down during the Assessment phase. (Please see: Rules for Assessment – Draw Down) 

However, once your max draw down limit reaches the account size (being at break-even), the system changes to a Fixed Draw Down, with a draw down limit equal to the account size. Should you get back under break-even with balance or equity, the system will revert back to Trailing Draw Down

Break-even is reached at approx. 5.263% profit.

In comparison with a pure relative system, for a $ 50,000 account, this means you will have a maximum of $ 2,250 more available risk. The maximum draw down limit would be $ 52,250 in a pure relative system, and $ 50,000 in our mixed system.

The profit target to scale your account is 10% net profit or more, accumulated over several months. This means that on e.g. a $ 50K account, you need to make a minimum net profit of $ 5,000,

Withdrawals will not affect your accumulated profit.

You cannot have any open positions or open orders when reaching this limit and claiming success.

You must also have completed the minimum trading days to scale your account.

After claiming success, we will manually review your trades for any infractions. This will normally not take more than 48 hours.

If you did not commit any infractions, you will then be given a new account with more funding (also see Packages – Funding).

You must place a Stop Loss on each and every trade,

• You will have a few seconds after placing an order to place a stop loss, after which you will be warned by email.
• If you do not place a stop after being warned, or before closing the trade, you will incur a soft breach. 3 soft breaches will lead to disqualification (also see General Rules – Disqualification)

The total of all your Stop Losses can never be greater than your available risk (also see Rules for Assessment – Draw Down and Rules for Live Accounts – Draw Down) 

• Your available risk will be shown on your Personal Analytics Page.
• There are plenty of calculators available for calculation of risk based on stop loss taken. Always allow for some margin if the second currency is not the USD, e,g, the CHFJPY pair.
• If you do exceed your available risk, you will get a warning by email. If you fail to bring the risk down to within parameters within the allotted time, you will incur a soft breach (also see General Rules -Disqualification). If this happens on a demo account, the particular trade in question (and possibly other trades open at that moment) will not count for reaching your profit target. Should this happen on a live account, then we reserve the right to close the position with either the greatest risk or the position with the greatest loss, at our discretion.

Tips:

• Always refresh your Personal Analytics page to be sure you are using the latest available Risk
• Always allow for some margin if the second currency is not the USD, e,g, the CHFJPY pair, when calculating the risk of a trade
• Always allow for some margin if the second currency of open positions is not the USD, e.g. the CHFJPY pair.

We do not allow the following kind of EAs:

Full Auto EAs, unless they are the trader’s intellectual property. Proppers is not a test bench for commercial EAs. We are looking for human traders, with a huge capacity to adapt to changing marketing situations.

Bad behaving EAs: we considered bad behaving EAs to be any EA that

• places needless orders, for example, but not limited to, changing limit or stop orders to the same price, changing limit or stop orders multiple times per second, changing limit or stop orders back and forth between 2 prices.
• create an unnecessary load on our systems or that of the broker which includes HFT bots, EAs, scripts, etc.
• in any other way do not adhere to “normal” trading behavior, with “normal” behavior as defined at our or the broker’s discretion.

Furthermore, you are fully liable for the actions and results by the EA you wish to use, within the scope of our terms and conditions.    

We do not allow a trader to use his or her account at Proppers as a slave account, in any kind of automated trade copy setup or social trading venue.

We are looking for responsible traders that make their own trading decisions, and thus do not rely on others to pass them trades.

Since it is impossible to check if the trades copied in are coming from another account under your direction, we have made the final decision to not allow any kind of automated trade copy setup or social trading venue.

Likewise, we ask you to not use any signal services that give you complete trades, which you just have to input into our system. We do allow you to use services that give you resistance and support levels as the basis for your own decisions. 

You are allowed to have multiple accounts simultaneously, however, you cannot execute the same trades on 2, or more, accounts.

All accounts stand on themselves, and only the account(s) that reach all targets are eligible for an upgrade, be it to a live account or to scale.

Proppers has one simple consistency rule: try to trade. as much as you can, the same size of trades, either in size (lots) or risk. We are pretty lenient with this rule, but we will discount trades, at our full discretion, when you abuse this rule. For example: in the following cases, but certainly not limited to these:  

• You have reached your profit target on your account, trading 1 complete lot per trade. However, you still need to trade for several days to reach the required minimum trading days. You start trading 0.01 or 0.1 lots to avoid risk. These smaller lots trades will be discarded, and you will still have to complete the missing days.
• You are trading smaller lots with mixed results. At a certain moment, you place a trade 5 or 10 times your normal size, and make an extraordinary profit. In most cases, we will consider this gambling. On an assessment account, the trade will be discarded, and you will incur a soft breach. You may be excluded from the program should this happen on a live account.
• You are placing trades and holding them on average a day to 3 days, and reach your profit target. However, you still need to trade several days to reach the required minimum trading days. You start taking trades that only last seconds to complete those days. 

After being disqualified for 3 soft breaches, or 1 hard breach (going under the draw-down limit with either equity or balance), your account will be closed.

However, you can start over from the beginning by requesting and paying a reset fee. You can request this through your personal analytics panel.

Once done, you will get a new account, 2 stages lower than the account you were disqualified on.

So

• assessment will reset to assessment
• Live stage 1 will reset to assessment
• Live stage 2 will reset to assessment
• Live stage 3 will reset to live stage 1
• Live stage 4 will reset to live stage 2
• and so on…

In certain cases, like willful misconduct, we may deny you a reset.  

Trading the news is allowed.

You can hold trades over the weekend.

You can trade crypto during the weekend.

After incurring 3 soft breaches, you will be disqualified, and your account will be closed.

You incur a soft breach when:

• You do not place a stop loss on a trade, and close the trade without it having had a stop loss.
• You do not place a stop loss on a trade, and, after being warned, do not add a stop loss before the allotted time to do so runs out.
• You use too much risk, and, after being warned, do not lower the risk before the allotted time to do so runs out.
• You use certain EAs, and continue using them, after being warned and asked to stop using them.
• You use certain EAs, that are clearly forbidden to be used according to the letter and spirit of these rules.
• You flagrantly abuse the consistency rule (also see “Consistency Required“).
• You have been warned for misconduct, yet keep acting the same way. Depending on the gravity of the case, this might also lead to a straight-out disqualification, with or without the right to a reset. 

The following forex pairs are tradable as Forex

• AUDCAD
• AUDCHF
• AUDJPY
• AUDNZD
• AUDSGD
• AUDUSD
• CADCHF
• CADJPY
• CHFJPY
• CNHJPY
• EURAUD
• EURCAD
• EURCHF
• EURCNH
• EURCZK
• EURDKK
• EURGBP
• EURHKD
• EURHUF
• EURJPY
• EURMXN
• EURNOK
• EURNZD
• EURSGD
• EURPLN
• EURRUB
• EURSEK
• EURSGD
• EURUSD
• EURZAR
• GBPAUD
• GBPCAD
• GBPCHF
• GBPCZK
• GBPHKD
• GBPJPY
• GBPMXN
• GBPNZD
• GBPUSD
• NZDCHF
• NZDJPY
• NZDUSD
• USDCAD
• USDCHF
• USDCNH
• USDCZK
• USDDKK
• USDHKD
• USDHUF
• USDJPY
• USDMXN
• USDNOK
• USDPLN
• USDRUB
• USDSEK
• USDSGD
• USDTRY
• USDZAR

The following crypto pairs are tradable as CFD:

• BTCUSD
• BCHUSD
• ETHUSD
• EOSUSD
• LTCUSD
• LNKUSD
• XRPUSD
• USTUSD

Tradable indices as CFD are:

• AUS200 (AUD)
• CN50
• UK100 (GBP)
• GER30 (EUR)
• HK50 (HKD)
• JPN225 (JPY)
• NAS100 (USD)
• UK100 (GBP)
• US30 (USD)
• US500 (USD)

Tradable Metals as Forex are

• XAGUSD Spot Silver vs USD
• XAUUSD Spot Gold vs USD

Metals are traded from 5.02pm Sunday to 5pm Friday, with a 1-hour break between 5pm and 6pm daily (All times NY Local Time)

Tradable Energies as CFD are

• BREUSD – UK Brent Oil
• WTIUSD – WTI Light Crude

Our broker offers very competitive spreads, as small as 0.0. You can check them out in real time at our broker’s pricing page.

• Forex: 2$ per lot RT
• Energy and metals: 2$ per lot RT
• Crypto: 0.05% contract value
• Indices: 0.01% of contract value

• FX: 30:1
• Indices, Metals, Energy: 10:1
• Equities and Crypto; 5:1

Proppers pays its traders a profit split of either 75% or 90% on any profit made during the month. This means you receive either 75% or 90% of all profits made. (75 or 90% depending on your level).

We calculate your profit share, using your balance and equity, at the end of the stock market trading session in NY of the day you request a pay-out.

For the calculation of your profit, we take into account your previous calculation balance, your current balance, and total open loss. Your new calculation balance is based on your account size and total open loss.

After these calculations, your account either resets to the account size, or upgrades to the next stage. 

Formulas:

• profit = current balance – previous calculation balance – total open loss
• new calculation balance = account size – total open loss

Example:

1. You start with a new $ 100K account.
   Your calculation balance is thus $ 100,000.
   You trade for a month, and make some profit ($ 1,000).
   However, you have a total open loss of $ 250.
   Proppers will pay a profit split on the amount of $ 750 ($ 110K – $ 100K – $ 250), meaning you will receive 80% of $ 750 or $ 600.
   Your new calculation balance is $ 99,750 ($ 100,000 – $ 250).
   Your account resets to $ 100,000 balance ($ 99,750 equity)
2. You close your open position, and continue trading.
   At the end of that month, you are flat (no open trades), with a balance of $ 104,000.
   Proppers will pay a profit split on the amount of $ 4,250 ($ 104,000 – $ 99,750) or $ 3,400.
   Your new calculation balance is $ 100,000.
   Your account resets to $ 100,000 ($ 100,000 equity)

We calculate your profit share, using your balance and equity, at the end of the stock market trading session in NY of the day you request a pay-out. To be considered, a request for a payout must be received by Proppers at least 4 hours before the end of the stock market trading session in NY, and confirmed by Proppers. In any other case, the calculation will be done the next day, same time.

For the calculation of your profit, we take into account your previous calculation balance, your current balance, and total open loss. Your new calculation balance is based on your account size and total open loss.

After these calculations, your account either resets to the account size, or upgrades to the next stage. 

Formulas:

• profit = current balance – previous calculation balance – total open loss
• new calculation balance = account size – total open loss

Example:

1. You start with a new $ 100K account.
   Your calculation balance is thus $ 100,000.
   You trade for a month, and make some profit ($ 1,000).
   However, you have a total open loss for $ 250.
   Proppers will pay profit split on the amount of $ 750 ($ 110K – $ 100K – $ 250), meaning you will receive 75% of $ 750 or $ 562.50.
   Your new calculation balance is $ 99,750 ($ 100,000 – $ 250).
   Your account resets to $ 100,000 balance ($ 99,750 equity)
2. You close your open position, and continue trading.
   At the end of that month, you are flat (no open trades), with a balance of $ 104,000.
   Proppers will pay a profit split on the amount of $ 4,250 ($ 104,000 – $ 99,750) or $ 3,187.50.
   Your new calculation balance is $ 100,000.
   Your account resets to $ 100,000 ($ 100,000 equity)

Depending on the package chosen, your account will be initially funded with virtual money. Once you complete the requirements for a live account, you will receive trading authority over a live account funded with the same amount of real money.

Once you reach the Profit Target and comply with the minimum trading days on your first live stage, your account will be upgraded to a higher starting amount (also see Packages – Growing). 

Once you reach the Profit Target and comply with the minimum trading days, your account will be upgraded to a higher starting amount, in accordance with the next tables.

Free educational videos and articles included with all packages.

Free daily analysis videos and articles included with all packages.

Your initial assessment fee (excluding any other fees) will be refunded when you pass stage 1 (demo account). You will receive this refund together with your first profit split.

You can “reset” your account by paying the corresponding reset fee (depends on account size). Proppers will give you a new account equal to 2 stages lower than the account you reset. The old account will be disabled.

Resets are interesting, should you disqualify on any stage, either by hard or soft breach, since reset fees are substantially lower than new account fees.

You can reset your account at any time you wish. The reset account will be disabled, and will no longer be available for trading.

Free trials of our packages are available. A trial account lasts for 10 days, after which it will be disabled/deleted. You can only have 1 trial account in total. No rights to funding can be obtained from trial accounts. A trial account cannot be converted to an assessment account. A trial account’s sole purpose is to try out the MT4 platform, our services like the personal analytics page, and our broker’s services like fills, spreads, etc…

The fee for the education package is a monthly recurring fee, a subscription.  

The Educational packages includes free, unlimited resets.

The educational package if for education only. No rights to funding can be obtained from it.

The educational package includes all our educational resources.

The educational package includes all daily analysis of the markets.

Our broker is Strathos Capital Technology LLC, duly incorporated and licenced in St. Vincent and the Grenadines. Strathos Capital Technology LLC is a Corporate Authorised Representative (CAR) of Alpha Trade Pty Ltd (ABN 16 055 971 232 / ACN 055 971 232) which is regulated by the Australian Securities & Investments Commission (ASIC) and holds an Australian Financial Services License (237244) with its physical address at Level 16, 175 Pitt Street, Sydney, NSW, 2000, Australia.

Strathos Capital was conceived to bring aggregated institutional liquidity sourced from all major liquidity providers and execution venues to match the demands of any type of trader type. We solely provide liquidity across almost every asset class for qualified Wholesale / Institutional Clients
The principals’ behind this business originate from a blend of institutional, professional and retail firms’ and their clients ranged top-tier banks, hedge funds, sovereign wealth funds to professional asset managers and algorithmic trading system developers.

We concentrate on providing FX, metals, and CFD focussed products to ensure that we can deliver the highest quality of execution services in products that we have a proven track record in delivering on over many decades.
As a firm, we operate an agency execution only model and do not hold opposing positions to clients to ensure that our interests do not oppose that of our clients so as not to create a conflict of interest.

All client orders are routed through our aggregation engine, where all our liquidity sources compete for your business on an equal basis. We have no preferential arrangements with any of our liquidity providers for order matching unless we agree a bespoke solution with you, our client, in advance, as certain clients are better suited to having bespoke pools created for them.

Our infrastructure is best in breed and is co-located with our liquidity sources to minimize latency.

FX contracts and CFDs are margined products which allow clients to trade in FX without physical ownership of the currencies. FX contracts and CFDs constitute an agreement between two parties to exchange, at the close of the contract, the difference between the opening and closing prices of the contract multiplied by the number of units specified within the contract (i.e., lots). FX contracts involve uniform lot sizes regarding the currency pair; however, our CFDs may involve varying lot sizes.

Alpha Trade will only provide general advice to its clients. Alpha Trade does not provide any personal advice which considers your personal objectives, financial situation or needs. If you require personal advice, please contact your financial adviser, who will provide you with a statement of advice in respect of any personal financial product advice given to you.

FX contracts and CFDs allow you to take long position (buying a financial product with the expectation it will rise in value) or short positions (buying a financial product with the expectation it will fall in value). While the position remains open, your account is either debited or credited to reflect interest and dividend adjustments
If you take a long position, your account is debited to reflect interest adjustments and credited to reflect any dividends. The effect of these adjustments is to mirror the effect of buying shares in the normal way, where you would no longer earn interest on the cost of the shares, but receive dividends instead. The interest rate will normally not exceed 3% over the current local interbank offered rate.
With a short position, your account is credited with interest adjustments and debited to reflect any dividends. These adjustments mirror the effect of selling shares, where you would earn interest on the proceeds of the sale, but cease to receive dividends. The interest rate will normally not be less than 3% below the current local interbank offered rate.

Strathos Capital – Warning: CFDs and Margin FX are leveraged products that carry a high level of risk to your capital. Trading is not suitable for everyone and may result in you losing substantially more than your initial investment. You do not own, or have any rights to, the underlying assets. You should only trade with money you can afford to lose. Trading in margin contracts involves the potential for profit, as well as the risk of loss, which may vastly exceed the amount of your initial investment and is not suitable for all investors. Movements in the price of the margin contract’s underlying asset (i.e., the foreign exchange rates) are influenced by a variety of unpredictable factors of global origin. Violent movements in the price of the underlying currency may occur in the market, as a result of which you may be unable to settle adverse trades. Stathos Capital is unable to guarantee a maximum loss that you may suffer from your trading.

Proppers Ltd only uses its own funds for trading. We do not publicly solicit investments from third parties. As such, we do not require a license from a financial authority. However, Proppers Ltd is registered with the BVI Financial Services Commission, Registrar of Corporate Affairs, under number 2105757.

Proppers Ltd uses its own money and the account is in Proppers Ltd’s name. Our plans are constructed in such a manner that you automatically comply with most regulations world-wide. You have a private professional relationship with Proppers Ltd, and you do not solicit funds to trade, so in most cases, you ought not need a license.

However, regulations in different countries vary, and if you have any doubts, you should get independent legal advice.

Since it is impossible to comply with the strict US regulations, without changing our entire business model (excluding the trading of CFDs for one) and incurring outlandish costs, we have taken the decision to not accept any US traders.

We don’t send out blank contracts as we don’t want them copied, and/or floating around cyberspace, maybe in an old version. Once the traders reaches the live account stage, he will be sent the latest contract. The content is basically the same as what is described on this page (FAQ) and what is mentioned in Terms & Conditions (which is largely the same as this FAQ).

Yes we do.

Commissions: 15% overall, 18% after referring 100 clients.

You can register on this link proppers.io/affiliate-program.