Funded Account
Getting started
- What is the dashboard update frequency and what counts as “official”?
- Does PropXP have a time limit to pass?
- How do I log in to MT5 (server, password, “invalid account” fixes)?
- How fast do I get my account credentials after payment?
- Which program should I choose (Two-Phase vs One-Phase vs Instant Funding)?
- What is PropXP (and is it simulated or live trading)?
Passing & eligibility
- Is the consistency rule measured per phase or across both
- Do open trades carry into phase 2?
- Do limits reset between phases?
- Can I pass/claim with “one big day” (speedrun attempts)?
- How does the Consistency Rule work in PropXP?
- Is there a minimum trading days rule?
- How do profit targets work (balance vs equity)?
- What does “must be flat” mean?
Risk limits (the account-killers)
- What is the 1% max floating loss rule?
- Slippage & micro-breaches: “I only went over by $0.01”
- Do spreads/commissions/swaps count toward drawdown?
- What time does the trading day reset (timezone) and why it matters
- What is Max Loss (overall drawdown) and is it static or trailing?
- What is Max Daily Loss (daily drawdown) and how is it calculated?
Trading windows (news, weekend, market close)
- Market close, holidays, early closes: do rules change?
- Crypto weekend trading: is it treated differently?
- Weekend holding: allowed? (and what the Weekend Add-on changes)
- Overnight holding: allowed?
- News restricted window: what exactly is blocked (including pending orders)
- What are the consequences of trading restricted news?
- What is the exact definition of “red news” and what is restricted?
- Is news trading allowed? (Challenge vs Funded)
Allowed tools & strategies
- Is There a Minimum Holding Time
- Gap trading: What’s allowed vs “holding into close to exploit reopen”
- HFT / latency arb / external feed / system error exploitation: definitions
- Hedging & correlation hedging: what it means (plain English) + examples
- Martingale / grid: allowed, restricted, or “depends how you use it”?
- Third-party access: can someone “help manage” my account?
- Trade copying: what’s allowed vs forbidden
- Are EAs allowed? (what’s OK vs what gets you flagged)
Orders & execution edge cases
- What happens if the dashboard is delayed and I breach “before it updates”?
- Can I modify SL/TP manually if an EA placed the initial SL?
- Platform disruptions (disconnects, freezes, VPS outages): what happens?
- Pending orders around news/weekend: what you must cancel vs can keep
- Do open trades count toward limits (floating PnL)?
Breaches, penalties, reviews, appeals
- VPN / VM / shared IP / unusual login behavior: what gets flagged
- Appeals process: what evidence do you accept?
- Violations & penalties: what happens after a breach/review?
- What triggers a breach (quick list) + common “I didn’t know” cases
- Hard vs soft breach: do warnings exist?
Performance rewards
- How does PropXP define a profitable day?
- Do performance rewards impact my daily drawdown?
- What are the payment methods available for performance rewards?
- Can I request partial rewards?
- What can reduce/deny a reward?
- What is the minimum reward amount?
- How often can I get paid?
- Must stop trading while a reward request is processing
- What are the eligibility criteria for performance rewards?
- How do performance rewards work (and when you can request them)?
Billing, accounts, policies
- What is the max allocation in PropXP?
- What payment methods are available?
- Can I reset, retry, or restart a failed account?
- Inactivity: what happens if I don’t trade for 30 days
- Multiple accounts: Can I have more than one?
- Refund policy: when refunds are/aren’t possible
Security & compliance
Do performance rewards impact my daily drawdown?
TL;DR
No. Requesting or receiving a performance reward does not impact daily drawdown limits. But once you request a reward, stop trading until it’s confirmed and paid.
How it works
- Daily drawdown (Max Daily Loss) is calculated from your trading equity and resets at the daily reset time. It’s based on what your account does in the market (floating PnL + costs).
- A performance reward is a payout request from eligible profits, it’s an accounting step, not a trade.
- So: reward requests don’t alter the daily drawdown thresholds or how they’re calculated. When the new, reduced, balance will be computed after you request a reward, the max daily drawdown will also be adjusted
Common gotchas
- Don’t confuse “reward payout” with “resetting risk.” Your limits are your limits.
- If you submit a reward request and keep trading, you can mess up eligibility and get the request cancelled/rejected.
- Trying to “trade while waiting” to protect profits is how people do the opposite. Pause trading.
- Dashboard lag doesn’t protect you, if you breach, it counts.
Example
You’re funded, you request a $1,000 reward. Your max daily drawdown isn’t affected, the only thing that changes is your job: hands off the account until the request is confirmed and the reward is disbursed.
Related FAQs
Didn't find the answer?
Our customer support run by human is available knowledge and read to help.
Pick their brain and find out what you need!
Ready to Earn
Performance Rewards?
- Static drawdown
- Up to $400,000 in PropXP accounts
- Instant Funding available
This site is registered on wpml.org as a development site. Switch to a production site key to remove this banner.