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.
- 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.
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
Pricing
Size: $10000 ($59)
Size: $25000 ($135)
Size: $50000 ($245)
Size: $100000 ($389)
Features
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
Pricing
Size: $10000 ($70)
Size: $25000 ($160)
Size: $50000 ($295)
Size: $100000 ($460)
Features
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
Web Traffic
Total Overview
Pages per visit
16,791
Total Visits
2.398
Global Rank
1,780,262
Country Rank
141,001
Traffic Source
Spending on vaarious categories
Social
Paid Referral
Referrals
Search
Direct
Sales By Countries
Monthly Sales Overview