Your Frequently Asked Questions about Prop Trading
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All Questions
Getting Started
Joining Challenges
What are the benefits of a free challenge?
The Free Challenge is only for familiarizing yourself with the analysis panel and testing the broker's servers. You can create a Free Challenge to get familiar with the analysis panel and environment before participating in paid challenges, as well as to test the broker's servers.
Currently, each person can create only one free challenge with his account, and this challenge will be deactivated 5 days after the creation of the account. Participation in the free challenge is possible for each person once.
Where can I see my account analysis?
In My challenges area in the recent challenges list you can view the analysis of your challenges by clicking the analysis option.
The creation of the challenge in Propy is done by the trader, what is the meaning of this sentence?
With the new update of the propiy site, after placing an order on the site, people have the ability to send a request to create an account from the challenge creation option. With this feature, the trader can create his account and start trading within 30 days. The entire process of creating an account and receiving it will be done in the user panel itself.
I chose the wrong broker when placing an order, can I change it?
Before sending the request to create an account, a trader can send his request to change the broker by informing the site's online support or opening a ticket. After sending the account creation request, it will not be possible to change the broker.
How can I pay for the challenges?
You can pay for the challenges using Tether Trc20 cryptocurrency.
After participating in the challenge, how much time do I have to make the first trade?
After participating in the challenge, a person can send an account creation request and make the first trade within 30 days. The test time will be calculated from the first trade.
If I pass any of the challenge stages before the deadline, how long will it take me to get to the next level?
To pass each level, the trader must have 5 trading days. After completing 5 trading days, the trader can request to create an account for the next level from the requests menu.
How is the trading day calculated?
The basis for calculating the number of trading days is the opening of one trade per day. For example, if you open a trade today and keep the position open for 2 days and do not open a new trade in the coming days, only one trading day will be registered for you.
What is the usage of the investor password?
The investor's password is only for displaying trades or the account history and does not have the ability to open or close trades. If the trader wants to see the history of trades and the account's status, they can enter the MetaTrader account using this password. To perform trades, you must log in with the main password.
Which broker does Propy recommend?
The choice of broker depends on your trading strategy, and Propy's suggestion is that the trader either participates in the free challenge or creates a demo account similar to the servers offered in the challenge, to test the desired server.
If I pass the challenges faster than the allowed time, do I have to wait until the end of each stage?
No, to pass each stage, you need to have 5 trading days. After completing 5 trading days, you can request the creation of the next stage account from the requests section.
Can I stop trading on the Real account for a while?
In the Propiy Real account, there is no time limit, and you can stop trading for a while. However, if you plan not to trade for more than a month, please notify us by submitting a ticket.
How can I complete identity verification?
After logging into the user panel, you can find the identity verification section in the left menu. Use this section to upload your verification documents.
I don't have my national ID card; can I use another document for verification?
Yes, you can complete your identity verification with any valid identification document such as a passport, driving license, etc.
Can anyone from any nationality complete verification on Propy?
Yes, at Propiy, we welcome traders from all over the world.
What does equity drawdown mean?
Equity drawdown refers to the instantaneous change in your account's balance. This figure reflects the real-time impact of all open trades, and the drawdown value is used as the basis for calculating daily and total drawdown limits.
What are the methods for profit withdrawal?
For your first withdrawal, you need to wait 30 days after receiving your Real account. After this time, you can submit a withdrawal request through the 'Profit Withdrawal' menu. A new account will be issued after the profit split. For subsequent withdrawals, a 14-day wait from receiving the account is required.
You can withdraw the generated profit via Tether.
When is the refund processed?
Your refund will be processed during your first profit withdrawal after completing both stages.
I don't use a stop-loss in my trades. Does this violate the rules?
No, using a stop-loss is not mandatory in Propiy. However, we recommend using it for better trade management.
Can accounts be merged during the challenge stage?
No, account merging is only possible after entering the Real account stage. At this stage, the trader can request account merging by submitting a ticket to the technical team either upon entering the account or after profit withdrawal.