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)
What happens when I pass a Challenge?
TL;DR
If you pass your Challenge while respecting all applicable rules, PropXP does not instantly drop a Funded Account into your lap like confetti.
First, the risk team reviews the passed Challenge. If everything checks out, support reaches out for KYC. Once KYC is approved, your Funded Account is usually issued within 1 business day.
If KYC does not pass on the first go, you may be asked for more information or clearer documents.
How it works
Passing a Challenge is the trigger. It is not the final step.
Standard flow after passing
What support will ask for
For your first Funded Account, you will usually need to complete KYC.
This typically means sending documents such as:
- Proof of Identity (POI) — for example, a valid government-issued ID
- Proof of Residence (POR) — for example, a utility bill, bank statement, or similar document
- In some cases, a selfie check or additional verification may also be requested
KYC is there to confirm the account belongs to a real person and to keep rewards and funded access tied to the correct individual.
If KYC does not pass
If your KYC submission is incomplete or unclear, it does not automatically mean “game over.”
You may simply be asked to provide:
- a clearer image,
- a non-expired document,
- a document that matches your account details,
- or an additional supporting document.
So yes, “please re-send that properly” is sometimes part of the journey.
Common gotchas
- Passing the Challenge does not mean your Funded Account appears instantly.
- Your account still goes through a risk review first.
- KYC is usually needed for the first Funded Account, but additional verification may be requested if necessary.
- If your documents are blurry, cropped, expired, or inconsistent with your account details, expect delays.
- The usual timeline for issuance is within 1 business day after KYC approval, not within 1 business day from the exact second you hit the objective.
Example
You pass your One-Phase Challenge on Tuesday and all your trading activity is within the rules.
- The risk team reviews the passed account.
- Once approved, support contacts you for KYC.
- You send your documents.
- If the documents are accepted, your Funded Account is usually issued within 1 business day.
- If one document is unclear or missing, support may ask for more information before the process can continue.
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