Company Information
- Company Name: TradeXProp
- Company Legal Name: Prop Account, LLC
- Country of Registration: Malaysia
- Support Email: [email protected]
- Operating Since: Registered in Kuching, Malaysia
Challenge Details
TradeXProp offers two main evaluations for traders: a 1-Step Evaluation and a 2-Step Evaluation, each tailored to different trading styles and levels of experience.
1-STEP EVALUATION
This challenge is perfect for those who want to keep it simple. With a single phase, traders can focus on reaching their targets without the extra hurdles.
Pricing:
- Size: $5,000 – $45
- Size: $10,000 – $85
- Size: $25,000 – $215
- Size: $50,000 – $395
- Size: $100,000 – $795
- Size: $250,000 – $2,155
- Size: $500,000 – $3,755
Rules:
- Profit Target: 10%
- Total Loss: 6%
- Daily Loss: 5%
- Profit Share: 80%
- Drawdown Type: Static Based Drawdown
- Time Limit: No minimum or maximum trading days
- Leverage: Up to 50:1 on Forex, Metals, 10:1 on Indices, 5:1 on Oil, and 2:1 on Cryptos
- Payout Frequency: 30 Days
- Allows Copy Trading: No
- Min Trading Days: No minimum days required
- EA Allowed: Yes
- News Trading: Not Allowed
2-STEP EVALUATION
For traders who prefer a more traditional evaluation process, the 2-Step Evaluation offers the challenge of progressing through two phases, testing your skills in both short and long-term strategies.
Pricing:
- Size: $5,000 – $35
- Size: $10,000 – $75
- Size: $25,000 – $155
- Size: $50,000 – $285
- Size: $100,000 – $465
- Size: $250,000 – $1,355
- Size: $500,000 – $2,455
Rules:
- Profit Target (Phase 1): 8%
- Profit Target (Phase 2): 5%
- Total Loss: 8%
- Daily Loss: 5%
- Profit Share: 80%
- Drawdown Type: Static Based Drawdown
- Time Limit: No minimum or maximum trading days
- Leverage: Up to 50:1 on Forex, Metals, 10:1 on Indices, 5:1 on Oil, and 2:1 on Cryptos
- Payout Frequency: 30 Days
- Allows Copy Trading: No
- Min Trading Days: No minimum days required
- EA Allowed: Yes
- News Trading: Not Allowed
Scaling Plan
TradeXProp does not offer any scaling plan at this moment.
News Trading Rules
TradeXProp has a strict rule against news trading, traders are prohibited from opening a position within 3 minutes before or after a news event. This rule helps ensure the integrity of the evaluation program, preventing traders from exploiting high-volatility market conditions during significant economic announcements.
Other Important Rules
Daily Drawdown Calculation:
The daily loss limit resets at 5 PM EST every trading day. This limit is based on the previous day’s account balance, ensuring that as your account grows, so does the daily loss limit.
Countries Banned from Purchasing:
Traders from OFAC-listed countries are prohibited from participating in the program.
Prohibited Trading Strategies:
- Exploiting platform errors or latency
- Using insider information
- Front-running
- Arbitraging between accounts
- Utilizing banned third-party strategies
Payout Methods
There are no mention of what payout methods are available but TradeXProp allow traders to withdraw once in every 30 days and the payouts are processed within 1-3 business days.
