Funded Account
- Where can I locate the login credentials for my trading 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?
- Is There a Max Margin Rule in PropXP?
- 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)
- What are the commissions and swaps in PropXP?
- What is the leverage in PropXP?
- 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)?
- Will I get 100% profit split if you don’t pay my reward in 24 hours?
- 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)?
- Can I use add-ons to customize my challenge?
- 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
What are the commissions and swaps in PropXP?
TL;DR
PropXP charges $5 per lot round trip on FX and Metals only.
That means:
- $2.50 per lot to open
- $2.50 per lot to close
All other major asset classes are currently commission free:
- Indices: $0
- Commodities: $0
- Equities: $0
- Crypto: $0
Swaps apply according to the symbol and are charged in points. The exact long and short swap values can always be checked in MT5 → Symbol Specifications.
How it works
Commissions by asset class
So if you trade 1 lot of EURUSD, you pay:
- $2.50 when opening the trade
- $2.50 when closing the trade
- total = $5 round trip
Same logic for Metals.
How swaps work
Swaps are the overnight holding charges or credits applied when you keep a position open past rollover.
In PropXP:
- Swap type: in points for everything except crypto, where swap is in percentage terms, using current price
- Swap long: check in MT5 → Symbol Specifications
- Swap short: check in MT5 → Symbol Specifications
Swap multiplier by day, all assets except crypto
The triple swap on Wednesday is the standard rollover adjustment that accounts for the weekend settlement effect.
Swap multiplier by day, crypto only
Where to check the exact swap value
The exact swap for each symbol can vary by instrument, so the correct place to check it is:
MT5 → right click symbol → Specifications
There you will see:
- Swap Long
- Swap Short
- contract details
- other symbol-specific trading conditions
In other words: don’t guess. The platform literally tells you.
Common gotchas
- Commissions affect your equity, so they count toward drawdown just like spreads and swaps do.
- A trade can look fine on paper and still hit your limits faster once commission + spread + swap are included.
- FX and Metals are not commission free. Everything else listed above currently is.
- Wednesday swap is triple (not for crypto), so holding overnight through that rollover can cost more than traders expect.
- Swaps are symbol-specific, so always check MT5 Symbol Specifications instead of assuming two instruments behave the same way.
Example
You open and close 2 lots of EURUSD on the same day.
Your commission is:
- $2.50 × 2 lots = $5 to open
- $2.50 × 2 lots = $5 to close
- total commission = $10 round trip
If you keep the trade overnight, swap may also apply depending on the symbol, direction, and rollover timing.
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