How do I withdraw my profits?

Performance fees on qualified analyst  accounts are processed as follows:

• Requests are available bi-weekly, starting 14 days after your initial trade on your qualified trader account. You can find this date in the account metrics section of your trader’s dashboard
• The minimum performance fee amount is $100. ($100 gross – $80 net)
  • To qualify for a withdrawal, a minimum profit of $100 must be realised on the account
• To request performance fees, please use the dashboard
  • This can be located on the withdraw tab
• All performance fee requests will be processed and paid within 2 business days
  • Example: If a request is made on Tuesday, your performance fees will be paid on or before Thursday close of business.
• For your first performance fee request, a minimum of 3 profitable trading days is required
• For your first performance fee request please state in the Reason section that this constitutes your first withdrawal and would like to request your performance bonus.
• Ensure that all trades are closed on your account when making a request
• Once the starting balance has been reset, you can then resume trading once more.

Payment Methods

We offer multiple methods to pay your performance fees

• Rise – https://www.riseworks.io/
• Wise – https://wise.com/
• WIRE (Bank Transfer)

We cap the maximum virtual capital growth on the Propel Pro Plan at $2 million. Traders who achieve a 10% increase in virtual capital on their trading account are eligible to request scaling. Scaling allows the trader to request performance fees while scaling up their account by 10% of the initial balance.

Your account must be at the withdrawal stage, in order to request scaling with Propel Capital Group.. Please include in the ‘Reason/Notes’ section of the Performance Fee Request that you wish to participate in the scaling plan and scale up your account.

In addition, please send an email to  [email protected] indicating your request to scale-up your account.

Please allow 24-48 business hours for your request to be processed. Should you need further assistance during this time, please contact our support team at [email protected]. Your cooperation in making this an efficient process is appreciated.

Please be aware that your newly scaled account must undergo a minimum of 5 trading days before the first Performance Fee applies.

For further clarity, Please consult the scaling plan diagram below.

If you wish to scale the account, a 10% gain of the current account balance must be achieved each time scaling is requested. The 10% gain must be present in the account at the time of the scaling request (previous withdrawals will not included in this).

Example

Example 1
Starting Virtual Capital Balance $100,000
Max Drawdown – $10,000

Gain: 10% ($10,000)
Current Virtual Capital Balance: $110,000

You may request scaling of the account & your performance fee of 80%

On the First Scale you will not receive any Max Lot Size increase.
​
​This means you will be paid $8,000 + you new starting account balance will be $110,000.
​
Scale 2:
Starting Virtual Capital balance – $110,000
Max Drawdown – $11,000
Gain 10% of Initial Virtual Account Balance ($10,000)
Current Virtual Capital Balance: $120,000

You may request scaling of the account & your performance fee of 80%

On the Second Scale you are eligible for a Max Lot Size increase of 10%.

For example

First Scale of 100k Initial Virtual Capital Account Balance

Account Balance – $110k (Max Lot Size 40)

Second Scale of your 100k initial Virtual Capital Account Balance

Account Balance – $120k (Max Lot Size 44)

​​This means your performance fee will be $8,000 + your new starting virtual capital account balance will be $120,000.

Yes, upon successfully passing the assessment and before receiving account credentials, an external Analyst agreement will be executed between Propel Capital Group.

If you would like to be provided with a copy of this agreement, then please contact [email protected] – again what email do you want to use?

As an alternative,  you can obtain a copy by registering with DigiSigner using the email address linked to Propel Capital Group.

No, once you become a Qualified Analyst with Propel Capital Group, there are no profit quotas or expectations to achieve a specific amount each month. You are obligated to uphold the same risk level as outlined in your chosen assessment plan. Please submit all requests for performance fees through your dashboard profile.

While there is no mandatory profit target, in order to qualify for a performance fee request, the account must maintain a minimum Virtual Profit of $100.

You can initiate your Performance Fee request through your dashboard profile. For assistance, please contact us at [email protected].

The Maximum daily Loss limit is calculated as 4% of the starting balance for each trading day. This calculation is based on the account balance at the close of the daily candle on broker time (00:00 GMT+2).

For example, if your Qualified Analyst virtual account balance is $100,000, and your equity at the daily candle close is $101,000, your maximum daily risk for the following day will be 4% of the starting balance, which is $4,000. This means the minimum equity for that day would be $96,000.

It’s important to note that open equity carried over from the previous trading day (e.g., +$1,000 floating) is not considered in the maximum daily loss calculation. However, if you have carried over an open trade with a floating loss (e.g., -$1,000), the maximum daily loss of $4,000 would be reduced by the floating loss, resulting in $3,000 remaining as the maximum daily loss for that day. If the minimum equity limit is reached, all trades will be automatically closed by the system, leading to the account’s closure.

What is the max total loss & how is max loss calculated ?

The maximum permissible loss is defined by a fixed absolute drawdown, restricted to a 8% reduction from the initial starting balance.

For clarity, on a $100,000 Assessment, the allowable loss threshold is set at $8,000. Should the account balance or equity decline below $92,000 at any point, this criterion is considered breached.

Consistent with our policies regarding maximum daily losses, should the equity dip to the predetermined minimum level, the system will initiate an automatic closure of all trades, resulting in the termination of the account.

On Qualified Trader accounts the below max lot exposure applies to each account size.

Max lot exposure is the total combined allowed lots/position size allowed at any one time on the account.

To illustrate, with a maximum exposure of 40 lots for a 100k account, you have the flexibility to initiate either a single trade of 40 lots or distribute it across two trades of 20 lots each. However, you cannot execute two trades of 25 lots each, as this would aggregate to 50 lots, thereby exceeding the established maximum limit of 40 lots.

• $5k = Max 2.5 lots
• $10k = Max 5 lots
• $25k = Max 10 lots
• $50k = Max 20 lots
• $100k = Max 40 lots
• $200k = Max 80 lots
• $300k = Max 120 lots

During the account review at the withdrawal stage, if any breaches of this rule are identified, we follow a stringent protocol.

For the first instance of violating this rule, profits gained from lot sizes exceeding the allowed limit will not be withdrawable.

For subsequent violations, such actions will be considered a breach of contract, resulting in account ineligibility from further trading activities.

You have the option to request an increase in the limit on Qualified Trader accounts. However, we need adequate trading data from your Qualified Trader account to evaluate and approve such an increase.

Yes, you can keep your positions open overnight and through the weekend.

 Please be aware that doing so will result in the accrual of swap fees.

Qualified Analysts are entitled to an 80% profit split,  generated as a performance fee from the activities of the account. 

It is crucial to consistently follow the trading rules and requirements specified for the account, if you wish to qualify for this benefit.

If a rule is violated on a Qualified Analyst account, please reach out to [email protected] via email. Different consequences will apply based on the specific rule that was breached. For instance:

• In the event of a prohibited strategy being used, this could lead to a termination of the  Qualified Analyst account, and there could potentially be a ban from services imposed
• Account closure if the maximum daily/maximum total loss is breached.

Prior to issuing any Qualified Trader account or processing Performance Fees, we will require you to verify your identity and pass our KYC screening. Here’s what you need to know:

Required Documents for KYC Verification:

1. Government-issued ID: Upon successful completion of the evaluation phase, you must submit a valid form of ID, such as a driver’s licence, passport, ID card, or residence permit.
2. Proof of Address: You will also be required to provide a valid proof of address that has been issued within the last 90 days. This can include a bank statement, utility bill, or landline bill.
3. Selfie: In order to carry out facial recognition matching, you’ll be asked to take a selfie after uploading the documents..

Please be aware that during the KYC process, the account holder themselves must personally fulfil the KYC requirements. This will ensure compliance with our protocols regarding security. Our terms and conditions will be deemed as violated, if this requirement is bypassed.

KYC Screening Support

If you face any difficulties during the KYC screening process, feel free to contact our Support Team for assistance. If you require help regarding the verification procedure you can reach us via email at [email protected] or connect with us through our Discord and Live Chat platforms.

Please note that in the event of failing to pass the screening, you will receive a full refund for your Assessment, and will be rendered ineligible for a Qualified Trader Account.

Propel Pro Assessments are non refundable.

We require that the average duration of all your trades exceeds 2 minutes. You can find this specific information on your dashboard under the “account metrics” page, within the “insights” tab.

We acknowledge the fact that not all trades will have the 2 minute duration, and trades that last less than 2 minutes are indeed allowed. Yet we require the majority of trades and the average duration across the trades exceeds the 2-minute timeframe that we impose in our guidelines.

We implement this policy to minimise the risks involved with tick scalping and to limit high-frequency traders from taking advantage of our price feed.

Prohibited trading strategies include:

• Taking advantage of unrealistic prices or unrealistic trade opportunities , such as arbitrage, latency, front-running price feeds, and exploiting mispricing.
• Latency trading
• Arbitrage trading
• High-frequency trading
• Reverse trading/group hedging

Furthermore, the use of account management services is not permitted; only the trader whose name is on the account is authorised to execute trades.

If you are unsure regarding the compliance of your EA or manual scalping strategy, it is worth creating a free trial account on our dashboard, so that we can review and approve the strategy, prior to proceeding with an evaluation.

Remember, if you are aiming to secure a qualified trader account of up to $200,000, taking these rules seriously is essential. Invest the time to understand the rules, objectives, and requirements thoroughly.

For Assessment accounts, there are no restrictions on the number of purchases you can make. This flexibility allows you to fully explore and utilise the platform. However, in regard to the Qualified Analyst accounts, the Max Allocation limit is applicable.

Qualified Analyst Account – Allocation Rules

For Qualified Analysts we maintain a maximum capital allocation of $400,000. Please note that we have a $300,000 limit per strategy.

For Example

If you are trading GBPUSD on a $300,000 account and EURUSD on another account of $100,000 then this is treated as distinctive strategies as each currency pair has its own tendencies and market behaviour therefore trading them is considered separate strategies, even if the criteria for entering and exiting the positions are the same.

Our Max Strategy rule ensures diversified risk management across your accounts. For example, while you can manage two $200,000 accounts individually, applying the same strategy to both would not be permitted.

To Summarise

• $400,000 is the MAXIMUM allocation for Qualified Analyst Accounts per individual trader (before capital growth)
• $300,000 is the MAXIMUM allocation per trading strategy on a Qualified Analyst Account
• Assessment & Evaluation accounts have no maximum allocation
  • You can purchase as many accounts as you like

To ensure compliance with the maximum allocation rule for Qualified Analyst accounts, we will refund any account exceeding the limit. This measure is imposed in order to promote fairness amongst all qualified analysts, ensuring that resources are allocated fairly and in a balanced manner. 

To avoid potential withdrawal delays, we advise  Qualified Analysts to ensure that their strategies adhere to the Max Strategy guidelines. 

In the event of a Qualified Analyst exceeding the Max Strategy limitations, we will impose corrective actions that will include refunding the account that has exceeded the maximum capital limit.

Assessment Accounts Stage 1 & Stage 2

The merging together of any Stage 1 and Stage 2 accounts is strictly prohibited at Propel Capital Group.

Qualified Trader Accounts

Merging qualified trader accounts is permissible up to the maximum limit of $300,000

For accounts to qualify for merging, they must satisfy the following criteria:

1. Merge allocation must not exceed $300k
   • For example you can merge $50k and $100k but can not merge $200k and $200k as this would exceed $300k
2. The 2 accounts must be at the initial balance.
   • If one or both account(s) are in drawdown a merge will not be allowed.
3. The accounts have not breached any drawdown limit during the challenge phases
4. The trader has adhered to all trading rules and has not violated any guidelines.

Requesting an Account Merge

Traders have the ability to request an account merge by emailing our support team at [email protected] (email)  as long as the above requirements are met.

Important Notes

• The maximum account size is $300k (Pre Scaling)
• Withdrawal date will be available 14 days after the account has started trading
• A minimum of 3 profitable trading days will be required prior to withdrawal
• Allow a timeframe of 24 to 48 business hours for the completion of this process

During Stage 1 and Stage 2 of the Assessment, you will be permitted to trade whilst news has been released. However caution must be taken, once you become a Qualified Trader.

Within the window of 5 minutes before until 5 minutes after the release of the following news announcements, Qualified Analysts will be forbidden from executing any new trades or closing any already existing trades on the specified instruments.

We define executing a trade as opening or closing a pending order, with the inclusion of stop loss orders or take profit orders, or market execution. If your trade was opened more than 5 minutes before the restricted news event, then you are permitted to hold trades on your targeted instruments. 

If your stop loss or take profit is activated/filled within the restricted time window of 5 minutes before until 5 minutes after, it will be considered a violation. We will classify this as a soft breach, and you will not be eligible for a Performance Fee for any profits that you may have acquired .

Trades that have been opened less than 5 minutes before and/or closed within 5 minutes after a High Impact News event will result in profits accumulated being voided, and will constitute to a soft breach. It is important to note however, that the overall account status will not be affected by this action. 

To Clarify

Can’t open 5 minutes before or 5 minutes after

Cant close 5 minutes before or 5 minutes after

10 minute window (5 minutes either side of news) cannot execute any trades 

For insights into the significant market-moving news events, there are reputable resources that you can refer to. Keep in mind however, that different platforms may categorise the same event in a different manner —one may label it as “Orange” indicating medium impact, while another may classify it as “Red” for high impact which should be considered when .

1. Myfxbook Forex Economic Calendar
2. Forex Factory Calendar

Engagement in trades that violate our standards for achieving unrealistic fills during high-impact news events may result in the invalidation of those transactions. However, it must be noted that the status of the account will not be changed, as a result of engaging in these trades.

Information and Rules for the Free Trial Account

Overview

• Our Free Trial accounts serve as an introductory experience to acquaint users with our platform. These trial accounts are designed to provide a comprehensive understanding of the features and expectations associated with initiating a challenge through Propel Capital Group.
• These accounts underscore our dedication to showcasing the tools and experiences we provide. Successfully navigating the Free Trial on multiple occasions indicates a promising potential for success within our Trading Assessment
• The Free Trial further enables you to enhance your comprehension of Propel Capital Group’s services, market executions, and spreads. Additionally, it serves as a platform to refine your skills before committing to a purchase, given that the Free Trial operates on the same server as all our other accounts.

Highlights of the Free Trial

Free Trial accounts are replicated from a purchased account, as we believe this approach offers traders the precise conditions they would encounter during the Trading Assessment.

• Each customer is entitled to one Free Trial account concurrently. The trial concludes under one of the following circumstances: upon reaching the specified profit target, encountering a Hard Breach, or upon reaching the maximum of 30 trading days.
• Lot sizes are unrestricted
• Expert Advisors (EAs) are enabled on Free Trial accounts
• The leverage for all Free Trial Accounts is configured to 1:100
• News Trading is Permitted
• There are three available account sizes
  • 50k
  • 100k
  • 1. Ensure you have a registered account with Propel Capital Group200k
       

       Important Information

       • Free Trial accounts are not entitled to a profit split or Performance Fee.
       • Upon successfully completing the Free Trial account, an upgrade to an Evaluation/Verification account is not permissible.

       To start your Free Trial please follow the below

    2. Click ‘Free Trial’
    3. Select the account size for your Free Trial by clicking the ‘Buy Now’ button
       • Please note this is NOT a purchase
    4. Populate the Customer Information fields
    5. Tick the declaration box

Please note that accounts won via giveaways or accounts that have given for free are only eligible for 1 payout and have a max limit of $3000.

For clarity, if you receive a payout from a free/giveaway account the account will be closed