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 is the exact definition of “red news” and what is restricted?
TL;DR
“Red news” = any event marked red / high impact on the MT5 economic calendar or the PropXP Economic Calendar page. If your account can’t trade red news, you must respect the 5-min before / 5-min after blackout. And yes, pending orders + SL/TP triggers count.
How it works
- Definition: “Red news” is high-impact scheduled events (CPI, NFP, rate decisions, major central bank speeches/decisions, etc.) shown as High Impact / Red on the calendars PropXP recognizes.
- If you don’t have the News Trading add-on on Funded/Instant Funding:
- You must be flat 5 minutes before the event, and
- You must not open or close any trades until 5 minutes after.
- What counts as “trading” in that window:
- Market orders (open/close)
- Pending orders triggering
- And it can include SL/TP activations during the window (because they execute).
Scope of restriction
When news is restricted on your account:
- High-impact U.S. news (e.g., US CPI, FOMC decisions/speeches): all trading is restricted during the window (even pairs that don’t contain USD).
- High-impact non-U.S. news: only instruments tied to that country/currency are restricted. Example: BOJ rate decision = anything with JPY is restricted, but EURUSD is fine.
- Gold (XAUUSD, XAUEUR): Trading is restricted during:
- all high-impact news events from the U.S.,
- high-impact decisions and speeches from the ECB
- high-impact decisions and speeches from the BOE
- high-impact decisions and speeches from the BOJ
- Crude Oil Inventories: USOIL and UKOIL are restricted.
- Natural Gas Storage: NGAS is restricted.
Easy-to-read table of restricted news
Common gotchas
- “But I wasn’t trading USD” = doesn’t matter for U.S. red news: it’s a global blackout on restricted accounts.
- “I closed it 2 seconds late” = two seconds or two minutes, still inside the window. Rules don’t do vibes.
- “I didn’t click anything” = your pending triggered or your TP/SL got hit. That still executes.
- If you’re unsure whether an event is red: assume it is, and either flatten early or get the add-on at checkout before you start.
Example
You’re funded, no News Add-On, FOMC in 5 minutes: you close all trades + cancel pendings. Full stop.
Same situation, but Australia Employment Change drops: you close AUD exposure (e.g., AUDUSD), but you can keep XAUUSD open.
Related FAQs
- Is news trading allowed? (Challenge vs Funded)
- News restricted window: what exactly is blocked (including pending orders)?
- Pending orders around news/weekend: what you must cancel vs can keep
- Slippage & micro-breaches: “I only went over by $0.01”
- What are the consequences of trading restricted news?
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