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
Which program should I choose (Two-Phase vs One-Phase vs Instant Funding)?
TL;DR
Pick based on how you trade, not how badly you want to “finish fast.” One-Phase is faster but less forgiving; Two-Phase is the classic smoother runway; Instant Funding is for people who want to skip the evaluation vibe (with different trade-offs).
How it works
- Two-Phase (Two-Step): you pass Phase 1, then Phase 2 (two checkpoints). Longer path to funded, but more drawdown headroom. Ideas if you trade news (more forgiving) or if you like to hold positions (don’t forget the news and weekend add-ons.)
- One-Phase (One-Step): one checkpoint—reach target while respecting limits. Tighter drawdowns, ideal for scalpers who know what they are doing.
- Instant Funding: straight to funded. For seasoned traders who are confident in their consistency and profitability (i.e. no classic two-step grind.)
Common gotchas
- The 40% consistency rule applies everywhere on One-Phase and Two Phase (Challenges + Funded): one monster day doesn’t “speedrun” you, it usually makes the road to rewards longer.
- Consistency rule on Instant Funding accounts is 20%. This means that you need to trade consistently for at least 5 days in order to be eligible for a performance reward.
- If you’re a swing trader, choose the program that matches your holding constraints (news/weekend rules, inactivity, drawdown headroom etc.).
- “Faster program” often means “tighter margins for error” (especially around drawdown and daily limits).
Example
- You trade 1–2 setups/day, steady risk: Two-Phase is usually the calmer fit.
- You’re consistent, risk less than 1% and want one checkpoint: One-Phase.
- You want immediate “funded account-style” access: Instant Funding.
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Performance Rewards?
- Static drawdown
- Up to $400,000 in PropXP accounts
- Instant Funding available
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