Details About Karma Prop Traders

  • Legal Name: The legal name of Karma Prop Traders is Karma Prop Traders FZCO.
  • Company Number: The registration number of Karma Prop Traders is 36581.
  • Country of Registration: Karma Prop Traders is registered in AE.AE
  • CEO: The CEO of Karma Prop Traders is Eshan Bala.
  • Support Mail: You can contact Karma Prop Traders at [email protected].
  • Phone: The phone number for Karma Prop Traders is not publicly available.
  • Payment Modes: Karma Prop Traders supports payments via Crypto, Credit/Debit Card.
  • Withdrawal Modes: Karma Prop Traders facilitates withdrawals through Rise, Crypto.
  • Official Website: Visit the official website of Karma Prop Traders at https://karmaproptraders.com/.
  • Banned Countries: Karma Prop Traders does not allow traders from Afghanistan, Central African Republic, Congo, Cuba, Guinea-Bissau, Iran, Iraq, North Korea, Libya, Mali, Pakistan, Russia, Somalia, Sudan, Syria, United Arab Emirates, United States, Venezuela, Vietnam, Yemen, XK.

Challenge Details at Karma Prop Traders

  • Types of Challenge:The challenges offered at Karma Prop Traders include Two Phase Challenge.
  • Trading Platforms:Karma Prop Traders supports trading on cTrader.
  • Trading Instruments:Traders at Karma Prop Traders can trade Forex, Commodities, Indices, Crypto.
  • Broker:The broker associated with Karma Prop Traders is Purple Trading.
  • Max Allocation:The maximum allocation provided by Karma Prop Traders is 100,000.
  • Scaling:The scaling potential at Karma Prop Traders reaches up to 200,000.
  • Trading Competitions:Karma Prop Traders does not organize trading competitions for traders.
  • Free Trials:Karma Prop Traders does not offer free trials to its users.
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Karma Prop Traders

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Karma Prop Traders

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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.

Karma Prop Traders Challenge Account Pricing

Stability Challenge

Stability Challenge Price Card Bar

Pricing

Size: $10000 ($59)

Size: $25000 ($135)

Size: $50000 ($245)

Size: $100000 ($389)

Stability Challenge Left Icon

Features

Stability Challenge Right Icon

Drawdown Type

Balance Based Drawdown

Copy Trading

Copy Trading Allowed

Drawdown

8%

EA Allowed

EA Not Allowed

News Trading

News Trading is Allowed

Profit Target

6%-6%

Daily Loss

4%

Action Challenge

Action Challenge Price Card Bar

Pricing

Size: $10000 ($70)

Size: $25000 ($160)

Size: $50000 ($295)

Size: $100000 ($460)

Action Challenge Left Icon

Features

Action Challenge Right Icon

Drawdown Type

Balance Based Drawdown

Copy Trading

Copy Trading Allowed

Drawdown

8%

EA Allowed

EA Not Allowed

News Trading

News Trading is Allowed

Profit Target

8%-4%

Daily Loss

4%

Frequently Asked Questions

Reviews

No reviews availavle!

Web Traffic Data

Statistics

Web Traffic

Total Overview

Pages per visit

16,791

Total Visits

2.398

Global Rank

1,780,262

Country Rank

141,001

Statistics

Traffic Source

Spending on vaarious categories

Social

Paid Referral

Mail

Referrals

Search

Direct

Statistics

Sales By Countries

Monthly Sales Overview

Disclaimer

TheTrustedProp is a registered entity, TT Prop LTD, in the United Kingdom with the company number 15370954, located at House, 27 Old Gloucester Street, London, WC1N 3AX. Please be advised that TheTrustedProp is not a financial advisor. Our website and mobile products serve as enterprise information searching tools for global users. While utilizing TheTrustedProp products, users are expected to consciously adhere to the relevant laws and regulations of the country and region in which they are situated. All content published on TheTrustedProp is subject to UK regulations.
It is imperative for individuals to conduct their own research before engaging in any financial activities. TheTrustedProp does not assume responsibility for any consequences arising from decisions made without thorough personal research. Status Firms are subjected to change depending on Situations.

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