Msolutions is a proprietary trading firm that offers a variety of trading challenges to aspiring traders. With competitive pricing, challenge account with profit target as low as 0.5%, a clear set of rules and enticing profit-sharing opportunities, traders can test their skills and earn funded accounts. This article delves into M Solutions’ key offerings, challenge details, and the critical rules that traders must abide by to succeed.
Company Information
- Company Name: Msolutions
- Company Legal Name: Prop Trade Tech Pty Ltd
- Company Registration Number: CAN 661 045 950
- Country of Registration: Italy
- Support Email: [email protected]
Challenge Details
Non-HFT Challenges
Pricing:
- Size: $10,000 – Price: $170
- Size: $25,000 – Price: $270
- Size: $50,000 – Price: $370
- Size: $100,000 – Price: $580
- Size: $200,000 – Price: $1,160
Rules:
- Profit Target (Phase 1): 8%
- Profit Target (Phase 2): 5%
- Total Loss: 10%
- Daily Loss: 5%
- Profit Share: 90%
- Drawdown Type: Static Drawdown
- Time Limit: Unlimited
- Payout Frequency: 14 Days
- Allows Copy Trading: Yes
- Min Trading Days: 5 Days
1% Challenges
Pricing:
- Size: $15,000 – Price: $98
- Size: $25,000 – Price: $198
- Size: $50,000 – Price: $298
- Size: $100,000 – Price: $498
- Size: $200,000 – Price: $798
Rules:
- Profit Target (Phase 1): 1%
- Profit Target (Phase 2): 0.5%
- Total Loss: 10%
- Daily Loss: 5%
- Profit Share: 60%
- Drawdown Type: Static Drawdown
- Time Limit: Unlimited
- Payout Frequency: 14 Days
- Allows Copy Trading: Yes
- Min Trading Days: 1 Day
Spreads and News Trading Rules
Spreads
Msolutions partners with Eightcap as their broker, offering industry-leading spreads and commissions. Traders can check the Spreads on their desired asset class here - https://www.eightcap.com/en/trading/trading-conditions/spreads/
News Trading Rules
For Non-HFT traders, news trading is permitted with some restrictions:
- Trading Window: No trades can be opened or closed within 3 minutes before or after a major news event.
- HFT Traders: A wider window of 10 minutes before and after the news is imposed for HFT traders.
- Holding Positions: Traders can keep existing positions during a news event, but stop loss (SL) and take profit (TP) levels should not be triggered during the restricted period.
Other Important Rules
Daily Drawdown Calculation
The maximum daily drawdown is calculated as 5% of either the initial balance or the highest recorded equity during the day. Daily drawdown will keep recalculating and the drawdown limit will increase or decrease based on the equity of the account balance.
Countries Banned from Purchasing
Msolutions adheres to strict regulations and, as such, prohibits traders from certain countries:
- Banned Countries: Cuba, Iran, North Korea, Myanmar, Russia (including Crimea, Donetsk, Luhansk regions of Ukraine), Somalia, Syria.
- Additionally, individuals on sanction lists, those with criminal records related to financial crimes or terrorism, or those previously banned due to contract breaches are not eligible to participate.
Prohibited Trading Strategies
While Msolutions allows the use of Expert Advisors (EAs), there are strict restrictions on how they can be used. The following strategies are not permitted:
- Copy trading of other traders' signals.
- Tick scalping,
- latency arbitrage
- Hedge arbitrage
- reverse arbitrage
- Use of emulators or third-party set files.
Any account found violating these rules will not receive a challenge refund and may be banned from the platform.
Payout Methods
Msolutions did not mention their payout methods on their website.
Trading Commissions
Commissions are kept competitive through Msolutions’ partnership with Eightcap. The broker offers low spreads and commissions, making it easier for traders to keep trading costs down. Traders can check the commissions here - https://www.eightcap.com/en/trading/trading-conditions/spreads/
IP Rule
Msolutions enforces strict IP address rules to maintain the integrity and security of the trading environment:
- Traders must avoid sharing the same IP address within the network.
- Mobile data IPs are not recommended, as they are dynamic and shared between users.
- Traders are encouraged to use home WiFi or a VPS to maintain a static IP address, reducing the risk of breaches.
