Rules for Participating in Prop Trading Challenges
Before joining the prop trading challenges, please read the relevant rules.
Two-Step Challenges
Jet Jump Rules
Common Rules for All Phases
Account: Demo / Propridge broker MetaTrader 5
Duration: No time limit
Profit target: None (capital increases after 10% profit in each phase)
Allowed daily drawdown: None
Total allowed drawdown: 5% of the initial account balance
Minimum trading days: 3 days per account
Profit split occurs 5 days after receiving the account.
Identity Verification Rule
Since traders can create their accounts, identity verification must be completed before account creation. Once approved, the trader can proceed with account creation. Verification requests are processed quickly.
Your name must match the details on your identification card.
Challenge Account Information Rules
Traders must not change account details, including the main password or investor password. Doing so violates the rules and disqualifies the account.
Drawdown Rules
There is no daily drawdown in this model, but traders must adhere to the total drawdown rule: a 5% decline from the initial balance violates the drawdown rule.
For example, for a $10,000 account, equity must not fall below $9,500. If the trader earns $200 in profits on the first day, the total drawdown remains at 5% of the initial balance ($10,000), allowing a $700 equity decline on that day.
Profit Withdrawal Rules
In this model, after 5 days from account receipt, traders can request a profit withdrawal if the account is positive. Profits are paid via Tether (USDT) to the trader's provided wallet address. The withdrawal and new account delivery process may take 24–48 hours.
Refund Rules
Since traders can create challenges on the Propiy website, no refunds are granted after a challenge is created. Refunds are not applicable at any point in this model.
Hedging Rules
Traders must not hedge trades between accounts in any stage (challenge or Real) or with other Prop firms. Violations result in disqualification and loss of refund rights. Propiy reserves the right to terminate cooperation immediately. Proper risk management is mandatory for using Propiy's services.
Forbidden Trading Styles Conditions
Using extremely high leverage beyond acceptable risk limits disrupts Propiy's ability to provide reliable services.
Traders attempting to pass challenges or trade Real accounts with high-risk single trades exceeding 80% of the profit target will be disqualified. However, this does not apply to traders with consistent strategies.
These rules ensure fairness and align with major Prop firms like FTMO (clause 5.4.1). The rule is effective from January 9 for all accounts and phases.
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 in challenges or Real accounts (including the Jet Jump model). However, it is strongly recommended for effective risk management.
Simultaneous Active Accounts Rules
In the fast track model (Jet Jump), each trader can have a maximum of two active accounts simultaneously. Across all Propiy plans, a trader may have up to three active accounts.
Copy Trading Rules
Traders must not copy trades from other accounts. Only copying between the trader's accounts is allowed.
Group Team Trading Rules
Group trading is not allowed in the Jet Jump model. Violations will result in the suspension of all accounts involved in group trading.
Trade Risk Rules
In the Jet Jump fast track model, when account balance exceeds $50,000, traders must adhere to the 2% floating trade risk rule. If open trades exceed 2% risk relative to the latest balance, the account will be disqualified. Daily drawdown does not apply; total drawdown remains at 5% of the initial balance.
Minimum Trading Days Rules
Each account must have at least 3 trading days recorded before a profit withdrawal is allowed. Propiy seeks disciplined traders with clear strategies.
Non-Trading in Account Rules
If a trader leaves their account inactive for over 21 days without informing the support team via a ticket, the account will be deactivated. To extend this period, traders must notify the technical team.
Broker Server Conditions and Issues Rules
In case of issues like broker disconnections, Propiy will cooperate with traders as much as possible. We recommend using high-speed, stable internet connections and reliable hardware to avoid such problems.
Challenge Refund Rules
Refunds are only possible if the challenge account is not created. If created, no refunds are granted. Traders have 15 days after order placement to request a refund for uncreated accounts.
Capital Increase Conditions
In this model, accounts qualify for capital increase upon achieving 10% profit in any phase. Depending on the phase, this can double or increase the balance by 1.5 times.
Traders accumulate withdrawal percentages until reaching 10%, at which point they advance to the next phase.
For example, with a $10,000 account, earning 2.5% over four withdrawals will total 10%, qualifying the trader for the next phase.