Company Information

Company Name: ICT Prop
Company Legal Name: Prop Account, LLC
Company Registration no.: Undisclosed
Operating Since: November 2023
CEO Name: EIRWAN

Challenge Details

ICT Prop provided three types of challenges for traders: One Phase, Two Phase, and Three Phase challenges. Each challenge was designed to cater to different trading styles and experience levels.

One Phase Challenge Details

Pricing:

Size: $5,000 ($43)
Size: $10,000 ($89)
Size: $25,000 ($219)
Size: $50,000 ($429)
Size: $100,000 ($859)
Size: $200,000 ($1,749)
Size: $250,000 ($2,129)
Size: $500,000 ($4,249)

Rules:

Profit Target: 10%
Total Loss: 6%
Daily Loss: 5%
Profit Share: 75%
Drawdown Type: Trailing Drawdown
Time Limit: Unlimited
Leverage: 1:10
Max Lot Size: No limit
Payout Frequency: 30 days
Allowed Copy Trading: No
Minimum Trading Days: 0 days

Two Phase Challenge Details

Pricing:

Size: $5,000 ($60)
Size: $10,000 ($119)
Size: $25,000 ($259)
Size: $50,000 ($349)
Size: $100,000 ($549)
Size: $200,000 ($1,049)
Size: $250,000 ($1,249)
Size: $500,000 ($2,499)

Rules:

Profit Target (Phase 1): 10%
Profit Target (Phase 2): 5%
Total Loss: 8%
Daily Loss: 4%
Profit Share: 80%
Drawdown Type: Static Drawdown
Time Limit: Unlimited
Leverage: 1:30
Max Lot Size: No limit
Payout Frequency: 30 days
Allowed Copy Trading: No
Minimum Trading Days: 0 days

Three Phase Challenge Details

Pricing:

Size: $5,000 ($42)
Size: $10,000 ($79)
Size: $25,000 ($179)
Size: $50,000 ($249)
Size: $100,000 ($379)
Size: $200,000 ($749)
Size: $250,000 ($899)
Size: $500,000 ($1,699)

Rules:

Profit Target (Phase 1): 5%
Profit Target (Phase 2): 5%
Profit Target (Phase 3): 5%
Total Loss: 5%
Daily Loss: 0%
Profit Share: 80%
Drawdown Type: Static Drawdown
Time Limit: Unlimited
Leverage: 1:10
Max Lot Size: No limit
Payout Frequency: 30 days
Allowed Copy Trading: No
Minimum Trading Days: 0 days

Scaling Plan

ICT Prop did not mention any information related to spreads on their website.

Spreads and News Trading Rules

Spreads:

ICT Prop did not provide any specific information regarding spreads on their website.

News Trading Rules:

ICT Prop allowed their traders to trade during news.

Other Important Rules

Daily Drawdown Calculation:

ICT Prop did not mention any information related to daily drawdown calculation on their website.

Countries Banned from Purchasing:

ICT Prop allowed traders from all countries, except those under OFAC sanctions, Traders can check the OFAC sanctioned list here - https://ofac.treasury.gov/sanctions-programs-and-country-information

Prohibited Trading Strategies:

ICT Prop had strict guidelines against prohibited trading practices. These included:

Exploiting errors or latency in broker platforms.
Using insider or non-public information.
Front-running trades.
Engaging in trading that caused regulatory issues for brokers.
Using pre-designed strategies marketed for passing challenges.
Changing strategies between the challenge and funded phases.
Holding Single Share Equity CFDs during earnings releases.
Arbitraging accounts with other firms or ICT Prop itself.

Violations led to account termination and forfeiture of any fees paid.

Payout Methods:

ICT Prop did not specify any payout methods during its operational period.

Trading Commissions:

ICT Prop did not mention any information related to trading commissions on their website.

IP Rule:

ICT Prop did not mention any information related to IP Rule on their website.

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