FAQ
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- Trading Rules
At The Prop Game, we equip our traders with demo accounts containing virtual funds across all types of evaluation programs and funded accounts. This strategy offers extensive flexibility and intentional risk management choices. These simulations are crucial for preparing our traders for the complexities of real markets, rather than just the sheltered environment of demo accounts. Our goal is to alleviate the psychological stress associated with trading real money through this approach.
In our Pay as You Progress account in the first withdrawal, you’ll get up to 85% of the profit split;
On the Instant account, you’ll get up 20% to 40% of the profit split based on the type of Instant account chosen.
On the Multiplier account, you’ll get up 2x to 5x of the fee that you have paid to start the challenge.
The initial balance you’ll trade with is the same balance for which you signed up.
For example, if you pass our selection phase with a US$100,000 account, you’ll then manage a US$100,000 account in Phase 3.
To diversify our risk exposure, we initially allow a maximum simulated capital allocation of US$200,000 per trader at any given time. In other words, you could have two accounts, each with US$100,000, or four accounts, each with US$50,000, and so on.
To be eligible receive a payout from the Pay as You Progress, Instant or Multiplier Challenges, it is necessary to submit the required documents for identity verification. We use an external 3rd party verification provider, Veriff, in order to verify our traders who are eligible for payouts. The KYC shouldn’t take more than 5 minutes as its fully automated.
At The Prop Game, we offer some of the most competitive commission rates in the prop trading industry. Traders can take advantage of these rates to maximize profitability while enjoying transparent and fair trading costs.
Forex: $3 per lot
Commodities: $3 per lot
Indices: $0
Crypto: $3 per lot
After the successful payment for the Phase 2 account, you will receive Phase 2 credentials immeditely. It generally takes about 3 business days for our team to conduct an account review for both Phase 1 and Phase 2, before the Phase 3 /Funded account is issued. Right now, the verification of the Phase 1 usually happens after the sucess of Phase 2 in most of the cases, this review process might change in the future.
Upon failure of the account, whether the account breached a trading objective, or violated the news trading rule, the decision is final. The Prop Game does not offer any account resets once the account is deemed as “Failed”.
We do not offer free trial accounts at the moment.
Unfortunately, swap-free or Islamic accounts are not offered at this current juncture.
Yes, We do offer crypto trading along with the Forex pairs, Metals, Indices CFDs and Energies.
While there are no limitations on the number of trading evaluation accounts you can possess, we do enforce a maximum simulated capital allocation of US$200,000 per trader or strategy at any given time for Instant Funding. For Trade Now Pay Later, Pay as you Progress and 3-Step Challenge, the allocation limit is US$400,000 per trader or strategy at any given time. These restrictions are in place to encourage diversification and mitigate risk, as we strive to prevent the overallocation of resources to a single trader or strategy.
At present, The Prop Game offers the MetaTrader 5 platform as the main trading platform. We will be launching other platforms soon.
Yes, you can merge your accounts upon request to support@thepropgame.com. However, we can only merge Phase 3 accounts in Pay as You Progress evaluation program. The accounts shouldn’t have any trading activity started yet.
The leverage provided varies depending on the market and account type:
For Trade Now, Pay Later, Pay as You Progress and 3-Step Challenge Accounts:
1. Forex pairs: Upto 1:100
2. Metals, Indices, Energies: Upto 1:50
For Instant Accounts:
1. Forex pairs: 1:10
2. Metals, Indices, Energies: 1:5
For Multiplier Accounts:
1. Forex pairs: Upto 1:100
2. Metals, Indices, Energies: Upto 1:50
Swap fees vary for differing trading pairs. More information can be found on the cTrader platform under “Symbol Info“.
Swap fees are charged when you hold your positions overnight. Do take note that swap fees are tripled on Wednesdays for Forex/Metals, and Fridays for Energies/Indices. This fees are charged everyday after 00:00HRS (UTC+0).
We accept debit and credit cards payments via a licensed, regulated payment processor – Stripe. The registration fees for The Prop Game Evaluation Account is a one-time fee, and does not include any hidden charges or recurring charges.
Yes, in the case of the Pay as You Progress and 3-Step Challenge models. It’s worth noting that the fee will always be refunded to the trader upon the withdrawal of their very first profit split from the The Prop Game Account. The fees are not refundable in the case of Trade Now Pay Later, Insant Funding and Multiplier accounts.
The Prop Game provides a super low commission of US$3 per round lot for all markets.