FAQ

What are the prohibited strategies?

At The Prop Game, all legitimate trading styles are welcome!

We aim to identify and engage independent, consistently profitable traders and reward them for their outstanding trading performance. Therefore, we do not wish to restrict their trading methods. As long as the strategy is legitimate, respects and is replicable onto live market conditions, we have no preference over conventional or automated trading.

However, we must strongly discourage the use of forbidden trading strategies that exploit trading platform inefficiencies. Consequently, we urge you to ensure that the strategy you use does not violate the following:

  1. High Frequency Trading (HFT):
    Any trading system that causes hyperactivity on our trading platform, or strategies that exploit trading platform inefficiencies (e.g. tick scalping, arbitrage trading, latency trading, grid trading, one-sided betting etc.) are strictly prohibited.
  2. Copy trading from others:
    Copying trades between different traders, usage of a signal service, or copying trades with a group of traders across multiple accounts is not allowed.
  3. Hedging across multiple accounts:
    Hedging is allowed within the same account, but hedging buy trades in one account and sell trades in another account from the same trader to pass challenges is prohibited. Group hedging involving individuals with coordinated opposing positions are also strictly not allowed.
  4. Account Management Services:
    Services that allow someone else to pass or manage an account on your behalf is strictly prohibited. Providing account management services using our program are also prohibited.
  5. Use of guarantee of profit with limit orders during low liquid market:
    This prohibition is in place to prevent potential regulatory violations and exploitation of the market’s low liquidity. Implementing guaranteed adherence to limit orders can lead to exploitative behavior, especially in simulated trading environments. Traders may manipulate order executions in a simulated platform, bypassing the natural flow of trades that would occur in a real market setting. Such actions deviate from genuine financial market practices and violate the Terms of Service outlined by The Prop Game.
I am a scalper. Is scalping allowed?

Yes, scalping is indeed recognized as a legitimate trading style, and it is permitted as long as it can be executed within live market conditions.

Is hedging allowed?

Hedging within the same account under the same trader is permissible. However, engaging in hedging buy trades in one account and sell trades in another account under the same trader to pass challenges is strictly prohibited. Similarly, group hedging involving multiple individuals coordinating opposing positions is also not allowed.

Are there any consistency rules?

Yes. It is mentioned as Trading Stability Score for different programs. This rule is applicable to only funded accounts but not challenge accounts at this time.

Example:

For the Instant account, No single trading day can represent 20% or more of the total cumulative Profit and Loss (PnL) since the last payout or the account purchase. If an account accumulates a Trading stability score equal to or more than 20, the payout will be deferred until the next review date and added to the subsequent payout. The score resets upon payout. It’s important to note that having a high inconsistency score will NOT lead to the closure of the account.

General Note – Applicable to all the programs:
We welcome high stakes traders, but if we find the behaviour pattern change abnormally on the live account vs challenge accounts, we might ask the trader to retake the challenge to meet his real account trading style till they match their challenge style. Kindly do note that the we should be able to understand the type of trader we are funding, so that appropriate risks can be applied. Trader taking high risks just to pass a phase in minimum days wont serve either you or us. Again, high risk traders are welcome if that’s your trading style and you want to do the same thing on the live account as well. We just dont encourage taking our  challenges casually. So far, we haven’t had a single issue with any trader on this approach, hopefully you also like our existing traders that look at trading as a long-term business that all of us are a part of.

Are there any restrictions on lot size?

We do not impose any lot size rules, but lot sizes are limited to the margin of the account.

Take note that lot sizes will also be dependent on your account leverage.

Is there any minimum holding time for a trade?

There are no restrictions on a minimum holding period for any trades. However, High Frequency Trading (HFT) that involves excessive activity on our trading platform is not permitted. To clarify, manually opening a trade and closing it after a few seconds is not considered HFT and is allowed.

Can I trade from multiple IP addresses/multiple devices?

Trading from multiple IP addresses or devices is permitted as long as you are trading your own account and adhering to our trading rules. We recognize that traders may occasionally travel outside their country, and as long as the trader can provide proof if the system flags any activity as suspicious, there are no issues.

Can I use a VPN or a VPS?

The use of VPS (Virtual Private Servers) and VPNs (Virtual Private Networks) is permitted as long as you are trading your own account and adhering to our trading rules.

Can I trade on my mobile?

Yes, you can trade from any device that support MT5.

Is there any inactivity period restrictions for my accounts?

Despite having Unlimited Trading Days, traders are required to remain in active trading within thirty (30) days from your last trade taken. This is considered as a HARD breach and the account will be disabled. This rule applies to the life long valid Instant accounts too, if there’s no trading activity for 30 days on Instant account, that will be disabled as well.

Are bots/EA allowed? Is HFT allowed?

We embrace all profitable trading styles, including discretionary trading, hedging, algorithmic trading, EAs, etc., provided that your trading practices are legitimate, reflective of real market conditions, and executable on our live corporate accounts.

However, strategies that are impractical in real-world market conditions and likely to be rejected by the market or deemed unacceptable by The Prop Game are prohibited. This measure ensures that our traders cultivate the appropriate mindset and approach towards funding.

Prohibited strategies may encompass certain EAs and robots that exploit trading platform inefficiencies, such as tick scalping and arbitrage trading. Strategies that deviate from trading according to live market conditions are not permitted. When utilizing EAs from third parties, it’s important to acknowledge that other traders may already be employing the same EA with an identical trading strategy. Relying on a third-party EA poses a potential risk of account violation. Additionally, the simultaneous opening of positions in opposite directions using different accounts is prohibited.

High-frequency trading (HFT) that induces hyperactivity on our trading platform is also prohibited.

Engaging in any of the aforementioned strategies will lead to immediate termination and/or a permanent ban on your trading and The Prop Game account. Profits generated using such strategies, as well as application fees, will be forfeited.

What trading platforms does The Prop Game offer?

At present, The Prop Game offers MT5as our trading platform of choice. We will be launching more platforms soon.

What instruments can I trade?

We provide forex pairs, metals, indices CFDs and energies. For the full list of tradable instruments, check the symbols listed on the trading platform from the partner broker’s terminal applications(PC/Mobile)

What is Trading Stability Score?

Trading Stability Score (TSS) is all about Consistency in trading.

With a lower value indicating a higher consistency of trades, which could help you to achieve better results, which should be the goal for anyone who wants to stay in the trading business for a longer period of time.

If a trader’s Consistency Score is 100%, it means that all of his/her profit was made on a single day. Therefore, it is very difficult to evaluate the consistency and profitability of a strategy based on the results based on only one day of trading.

The Consistency Metric is calculated using the following formula:
((Highest Profit or Loss Day / Absolute Sum of all Trading Days) x 100.

If an account accumulates a Trading stability score equal to or more than the Max TSS value of the program, the payout will be deferred until the next review date and added to the subsequent payout. The score resets upon payout. It’s important to note that having a higher consistency score will NOT lead to the closure of the account.

This is applicable only to the funded accounts at the moment. (Instant, Pay as you Progress, 3-Step and Trade Now Pay Later)

Max TSS value for Instant Funding and Pay as you Progress: 20
Max TSS value for Trade Now Pay Later and 3-Step Challenge: 15

We welcome high stakes traders, but if we find the behaviour pattern change abnormally on the live account vs challenge accounts, we might ask the trader to retake the challenge to meet his real account trading style till they match their challenge style. Kindly do note that the we should be able to understand the type of trader we are funding, so that appropriate risks can be applied. Trader taking high risks just to pass a phase in minimum days wont serve either you or us. Again, high risk traders are welcome if that’s your trading style and you want to do the same thing on the live account as well. We just dont encourage taking our  challenges casually.

What is the leverage of the trading account?

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

Is Stop Loss required?

SL is not required for Instant accounts, though its highly recommended to always use SL.

You are required to setup an SL within the first 2 minutes of placing your trade only in the funded phase of Trade Now Pay Later, Pay as you Progress, 3-Step Challenge accounts.

If you fail to place a stop loss within two minutes of executing a trade, our system will automatically detect this and consider this as an hard breach, resulting in the termination of your account.

When can I request a withdrawal for my performance payout?

In Trade Now Pay Later model, first withdrawal request of the payout has to be after thirty (30) trading days from the execution of your very first trade on your Phase 3 account, unless you choose the biweekly add-on during the checkout.

In Pay as You Progress model, first withdrawal request of the payout has to be after thirty (30) trading days from the execution of your very first trade on your Phase 3 account.

In Instant funding model, a withdrawal request of the payout has to be after twenty five (25) trading days from the execution of your very first trade on your Instant account.

In Multiplier model, a withdrawal request of the payout has to be after two (2) trading days from the execution of your very first trade on your Phase 3 account.

In 3-Step Challenge funding model, a withdrawal request of the payout has to be after twenty five (25) trading days from the execution of your very first trade on your Funded account.

There is a minimum simulated profit of $50 to be eligible for a withdrawal of performance rewards.

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