Karma Prop Trader was a prop trading firm focused on sustainability and transparency which offered traders the chance to trade with real capital after passing their challenges.

Company Information

Company Name: Karma Prop Trader
Company Legal Name: Karma Prop Traders FZCO
Company Registration No.: 36581
Country of Registration: United Arab Emirates
CEO Name: Eshan Bala

Challenge Details

Karma Prop Trader offered two challenge programs, Stability Challenge and the Action Challenge.

Stability Challenge

Pricing:

Size: $10,000 - $59
Size: $25,000 - $135
Size: $50,000 - $245
Size: $100,000 - $389

Rules:

Profit Target (Phase 1): 6%
Profit Target (Phase 2): 6%
Max Drawdown: 8%
Daily Drawdown: 4%
Profit Share: 80%
Drawdown Type: Balance-based
Time Limit: Unlimited
Leverage: 1:100
Payout Frequency: 10 business days for the first payout, 4 business days for subsequent payouts
Allows Copy Trading: Yes
Minimum Trading Days: None
Scaling Plan: Yes

Action Challenge

Pricing:

Size: $10,000 - $70
Size: $25,000 - $160
Size: $50,000 - $295
Size: $100,000 - $460

Rules:

Profit Target (Phase 1): 8%
Profit Target (Phase 2): 4%
Max Drawdown: 8%
Daily Drawdown: 4%
Profit Share: 80%
Drawdown Type: Balance-based
Time Limit: Unlimited
Leverage: 1:100
Max Lot Size: N/A
Payout Frequency: 10 business days for the first payout, 4 business days for subsequent payouts
Allows Copy Trading: Yes
Minimum Trading Days: None
Scaling Plan: Yes

Spreads and News Trading Rules

Spreads:

Karma Prop Trader offered competitive spreads.

News Trading Rules:

News trading was allowed during evaluation Phases. however, during the Funded Phase, traders could not place or modify trades 4 minutes before and after high-impact news events.

Other Important Rules

Daily Drawdown Calculation:

Daily Drawdown was calculated based on equity based drawdown, which means the drawdown limit will keep recalculating based on the account size or floating balance.

Countries Banned from Purchasing:

Traders from the following countries are not eligible for Karma Prop Trader’s services:

Afghanistan
Central African Republic
Congo (Brazzaville)
Cuba
Iran
Iraq
Korea (North)
Libya
Pakistan
Russia
Sudan
Syria
United States
Venezuela

Prohibited Trading Strategies:

High-Frequency Trading (HFT)
Grid Trading
Arbitrage
Account sharing
Opposite Account Hedging / Group Hedging

Payout Methods

Karma Prop Trader offered two payout methods.

Rise
Cryptocurrency

Trading Commissions

Karma Prop Trader keeps trading commissions low, offering traders a competitive edge.

Stability Challenge: $3 per standard lot (round turn) for Forex and commodities
Action Challenge: $5 per standard lot (round turn) for Forex and commodities
No commission is charged on indices and crypto.

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