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.