Rules for Participating in Prop Trading Challenges
Before joining the prop trading challenges, please read the relevant rules.
Two-Step Challenges
Jet Jump Rules
Stage 1 Rules
Account: Demo / Dedicated server broker propridge
Duration: No time limit
Profit target: 8%
Allowed daily drawdown: 5%
Total allowed drawdown: 12%
Minimum trading days: 5 days
(Propridge broker has no time limit for stage 1 and 2 challenges)
Stage 2 Rules
Account: Demo / Dedicated server broker propridge
Duration: No time limit
Profit target: 4%
Allowed daily drawdown: 5%
Total allowed drawdown: 12%
Minimum trading days: 5 days
(Propridge broker has no time limit for stage 1 and 2 challenges)
Prop Account Rules
Account: Demo / Dedicated server broker propridge
Duration: No time limit
Profit target: None
Allowed daily drawdown: 5%
Total allowed drawdown: 12%
Minimum trading days: None
Profit split: Every two weeks, with 80% to the trader (first withdrawal after 30 days) paid in USDT (TRC20).
Identity Verification Rules
After achieving the targets in both stages and account status review (passing message in the analytics panel), the trader must upload identity verification documents via their user panel.
Your name must match the details on your identification card.
Challenge Account Information Rules
The trader must not change account information, including the main password and investor password. Violating this rule will result in disqualification of the challenge.
Challenge Start Time Calculation Rules
Creating an account in Propiy is done by the trader. Based on this rule, the trader has 30 days after creating a user account to create the challenge and place the first trade in stage 1.
In stage 2, after passing stage 1, the trader has 15 days to request the start of stage 2. After submitting the request and receiving the stage 2 challenge, the trader has 30 days to place the first trade.
Drawdown Rules
Daily drawdown is calculated based on the starting balance of the day, and total drawdown is calculated based on the initial account balance.
During a trading day, equity must not fall below 5% of the day's starting balance. If it does, the challenge or real account is considered failed.
If the account balance increases during the day, the daily drawdown is still based on the starting balance, allowing for more risk. For example, if the starting balance is 10,000 and it increases to 10,200, you can risk up to $700 that day.
If the balance carries over to the next day (e.g., 10,200), the daily drawdown is recalculated as 5% of the new starting balance (e.g., 10,200 * 5% = $510).
The total drawdown limit is 12%, calculated from the initial balance. If equity falls 12% below the starting balance, the account fails.
Deposit and Profit Withdrawal Rules
Deposits and withdrawals are made via cryptocurrencies (Litecoin, Tether). When requesting a withdrawal, the trader must inform Propiy, and after account status verification, profit is distributed and credited back for a new start. Any violations will forfeit withdrawal rights.
Withdrawals are processed automatically and delivered within 24 hours.
The first withdrawal requires at least 30 days after receiving the Real account; subsequent withdrawals reduce to 14 days.
These conditions align with global Prop firms like FTMO, MFF, ensuring quality and services.
Refund Rules
After passing both stages of the challenge, the trader will receive a 130% refund via cryptocurrencies with their first profit withdrawal.
Hedging Rules
Traders must not hedge trades between accounts at any challenge or Real account stage or with other Prop firms. Violations result in account disqualification and loss of refund rights. Propiy reserves the right to terminate the trader's contract. Proper risk management principles are mandatory.
Forbidden Trading Styles Conditions
Using excessive leverage beyond acceptable risk limits disrupts proper Prop firm operations.
Traders aiming to surpass targets with a single high-risk trade or multiple trades on one symbol will be disqualified. However, traders with a consistent trading style are exempt. The rule prevents misuse by high-risk traders.
Similar rules are applied in Prop firms like FTMO (clause 5.4.1). This rule takes effect from January 9 to ensure fairness and prevent abuse.
Acceptable Trading Styles Rules
All trading styles such as Swing, Day Trading, and Scalping are accepted.
Stop Loss Rules
Using Stop Loss is not mandatory during challenges or Real accounts. However, it is highly recommended for better risk management.
Simultaneous Active Accounts Rules
Each trader can hold up to 3 active accounts simultaneously in Propiy. Real Propiy accounts after two challenges can be merged.
Copy Trading Rules
Traders are not allowed to copy trades from other accounts. Only copying between the trader's accounts is permitted.