• 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 30 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.pro 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:

• At the start, the drawn down will be 5% of ATH, thus 5% of $100K
  Your maximum allowed risk will be $5,000
  Your max draw down limit will be $100,000 – $5,000 = $95,000
  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 $102,000, the drawn down will now be 5% of ATH, thus 5% of $102.000
  Your maximum allowed risk will be $5,100
  Your max draw down limit will be $102,000 – $5,100 = $96,900
  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 $102,000, however, your balance has dropped to $101,500
  Your maximum loss from ATH is 5% of ATH, thus 5% of $102,000, equalling $5,100. Your max draw down limit is $96,900.
  However, since your balance is now $101,500, your max loss from this point is $4,600 ($102,000 – $96,900).
  Your max allowed risk is also the same, $4,600.    

The profit target to pass the assessment is 10% net profit or more. This means that you need to make a minimum net profit of $10,000.

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 a week.

If you did not commit any infractions, you will then be sent your certificate.

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).The particular trade in question (and possibly other trades open at that moment) will not count for reaching your profit target.

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.
• in any other way do not adhere to “normal” trading behavior, with “normal” behavior as defined at our or the broker’s discretion.

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. 

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 example 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 current assessment.

However, you can start over from the beginning by executing a reset fee. You can do this through your personal analytics panel. You will start a new assessment from the start.

Resets are unlimited and free.

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 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 crypto pairs are tradable as CFD:

Tradable 24/7 For Almost All Pairs

Some 24/5 against select fiat currencies

With a daily system maintenance period from 5.00.00pm to 5.01.59pm NYC Local.

Tradable indices as CFD are:

• ASX200 (AUD)
• Eurostoxx50 (EUR)
• CAC 40 (EUR)
• DAX30 (EUR)
• FTSE100 (GBP)
• S&P500 (USD)
• Nasdaq100 (USD)
• Dow Jones 30 (USD)
• Hang Seng (HKD)

Traded daily from Sunday evening 6pm through Friday 5pm (NY Local Time), except for HSI, which is traded daily from Sunday evening. 9:15 pm through 1pm Friday (NY Local Time).

Local holidays excepted.

There is a daily system maintenance period from 5.00.00pm to 5.01.59pm NYC Local Time during which trading is not possible.

Tradable Metals as Forex are

• XAG/EUR Spot Silver vs Euro
• XAG/USD Spot Silver vs USD
• XAU/EUR Spot Gold vs Euro 
• XAU/USD Spot Gold vs USD
• XPT/USD Spot Platinum vs USD
• XPD/USD Spot Palladium vs USD

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

Tradable Energies as CFD are

• BRE/USD – UK Brent Oil
• WTI/USD – US WTI Oil

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 

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 and assessment only. No other rights 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 Alpha Trade PTY Ltd, (ABN 16 055 971 232) with its registered address at Level 16, 175 Pitt Street, Sydney NSW 2000, Australia

Alpha Trade Pty Ltd is duly incorporated in Australia, and holds the Australian Financial Services License no 237244. Alpha Trade services solely wholesale customers. Their sole website is www.alphatrade.com.au.

Alpha Trade is authorized by the Australian Securities & Investment Commission (ASIC) under its ASFL (number 237244) to provide general product advice and deal in relation to derivative products. Under thier AFSL, Alpha Trade provides margin foreign exchange (FX) contracts and FX-contracts for difference (CFDs) to wholesale clients. Alpha Trade is currently accepting wholesale clients only.

Alpha Trade is also licenced to provide general advice in these products. 

When you trade in Alpha Trade’s products, Alpha Trade act as principal and are the issuer of the products.

FX contracts and CFDs are margined products which allow clients to trade in FX without physical ownership of the currencies. FX contracts and CFDs constitutes 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 takes into account 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.

Alpha Trade – Warning: 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. Alpha Trade is unable to guarantee a maximum loss that you may suffer from your trading.

Proppers ou only offers educational and assessment services. As such, Proppers ou is not required to hold any other license but a standard license. Proppers Ltd is registered with the 

Since all funds are virtual, no risk of loss exist, and no possibility to gains exists, you do not need a license.

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

Our contract is what is described on this page (FAQ) and what is mentioned in Terms & Conditions (which is largely the same as this FAQ).