Funded Account
- 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)?
- What happens when I pass a Challenge?
- How long before I receive my Funded Account?
- 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?
- 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?
- 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)
- Is scalping allowed in PropXP?
- 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)
How does the KYC process work in PropXP?
TL;DR
PropXP’s KYC process is currently manual. When you pass a Challenge and are about to receive a Funded Account, or when you have an Instant Funding account and want to claim your first Performance Reward, you’ll be asked to send your KYC documents to [email protected]. A team member will review them within 1 business day and get back to you.
How it works
- When KYC is required:
- Before a Funded Account is granted after passing a Challenge.
- Before the first Performance Reward on an Instant Funding account.
- PropXP may also require KYC at any time if needed for verification, fraud prevention, or compliance.
- How the process works right now:
- You’ll be asked to send your KYC documents to [email protected].
- A team member reviews the documents.
- Review time is typically within 1 business day.
- After review, the team will contact you with the next step or let you know if anything else is needed.
- What you typically need to submit:
- Proof of Identity (POI): a valid government-issued ID.
- Proof of Residence (POR): for example a utility bill, bank statement, or government letter.
- In some cases, PropXP may also request a selfie check to confirm the documents belong to you.
- Why KYC exists:
- To verify identity before funded access or rewards.
- To prevent impersonation, duplicate profiles, restricted-region access, and fraud.
- To support compliance and reward-processing integrity.
Common gotchas
- If your account details don’t match your documents, expect delays.
- Expired, blurry, cropped, or incomplete documents are the fastest way to make a simple process annoying.
- KYC is not optional if you want access to a Funded Account or your first eligible reward.
- Don’t wait until the last second to prepare your documents if you know you’re close to funded access or a reward request.
- KYC review is separate from general support chat. Sending the right documents clearly the first time saves everyone time.
Example
You pass your Challenge and are ready to move to a Funded Account. PropXP asks you to complete KYC. You email your ID and proof of address to [email protected]. A team member reviews everything within 1 business day and replies to confirm the result or ask for a clearer document if needed.
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Performance Rewards?
- Static drawdown
- Up to $400,000 in PropXP accounts
- Instant Funding available
