There is no secondary review or consistency requirement.

If you successfully meet all the specified trading objectives within the designated time frame and do not violate any rules, you will pass the assessment, receiving a Qualified Analyst account, thus providing access to the earning of performance fees. 

*Note – Performance fees for giveaway accounts is 50%

Tradeable assets:

You can trade the following assets:

• FX (Forex)
• Commodities
• Indices

The objectives for each phase of the Propel Pro evaluation are as follows:

Phase 1 (Propel Pro Evaluation, Stage 1):

• Duration: Unlimited calendar days
• Profit Target: 8%
• Maximum Daily Loss: 4% (Balance-based)
• Maximum Total Loss: 8%

Phase 2 (Propel Pro Evaluation, Stage 2):

• Duration: Unlimited calendar days
• Profit Target: 5%
• Maximum Daily Loss: 4% (Balance-based)
• Maximum Total Loss: 8%

Hedging

Hedging is permitted and involves holding trades in both directions for the same instrument concurrently. This allows for maintaining both long (buy) and short (sell) positions simultaneously within the same account.

Note: Using hedging to exploit price/spread arbitrage is strictly prohibited and will lead to account closure.
Note: the participation in Hedging across two different Propel Capital Group accounts will be deemed prohibited as a strategy. 

Stacking

Stacking is permitted and refers to opening 3 or more trades on the same instrument simultaneously at the same price. This allows for the concurrent maintenance of multiple positions in the same direction for the same asset.

Both hedging and stacking can be employed according to our trading guidelines and risk management policies. It is important to align your trading strategies with these rules to ensure your experience when trading is compliant and positive.

Leverage is a financial instrument that enables traders to manage larger positions with a smaller amount of capital. It amplifies both potential gains and potential losses.
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In the Propel Pro stage Assessment and Qualified Analyst accounts, we provide leverage of up to 70:1 on our simulated trading accounts. This allows you to control a position size of up to $70 for every $1 in your trading account.

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Despite the fact that there is no real capital at stake on the assessments or qualified analyst accounts, trading with leverage can substantially affect your strategy when trading. We therefore ask that you trade responsibly,  and that you acknowledge the risks associated when trading with leverage. 

During the Propel Pro Assessment there are no maximum lot size limits.
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However, please note that on Qualified Analyst Accounts, there are specific maximum lot limits based on the account size.

• $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

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
• Order book spamming – opening multiple positions in a few seconds to manipulate price
• Arbitrage trading
• High-frequency trading
• Reverse trading/group hedging

Additionally, account management services are not allowed, and all accounts and trades must be carried out by the trader named on the account. If you have any doubts about the compliance of your EA or manual scalping strategy, it is worth creating a free trial account via our dashboard, which will allow us to analyse the strategy and approve it in line with our guidelines, prior to proceeding with an assessment.

Please remember, if you aim to qualify for a certified analyst account of up to $200,000, it is vital to adhere strictly to these rules. Take the necessary time to fully understand the rules, objectives, and requirements.

We enforce a stringent policy against “all or nothing” trading strategies and do not endorse approaches reliant on this style of trading. Propel Capital Group is committed to identifying exceptional traders capable of skillfully managing risk within the financial markets, whilst achieving profitability and maintaining consistency. 

These are the traders we partner with and provide qualified trader accounts of up to $200,000

We have a strict policy that we adhere to that prohibits trades categorised as “all or nothing” and do not endorse strategies that rely on this approach.

We firmly believe that trades resembling gambling do not reflect the qualities of a trader capable of effectively managing risk, generating profits, and maintaining consistency in the markets. Engaging in such activities will lead to contract termination and removal of your Qualified Trader Account.

You can conveniently track the rules and your trading objectives through our trader dashboard. This dashboard offers a comprehensive set of analytics and tracking tools for your trading account and every trade you execute. Access it here: Propel Capital Group Trader Dashboard  

Using the dashboard, you can monitor your progress relative to the objectives and requirements needed to successfully complete the evaluation stage. Moreover, you will receive insights into your trading performance, enabling you to pinpoint areas for potential improvement and enhance your capability when trading the financial markets.

Due to the fact that we offer unlimited trading days, we will not be offering any free retries.

There is currently no EA functionality for cTrader accounts. 

Please be aware that High-Frequency Trading (HFT), latency arbitrage trading bots, EAs, or similar strategies are strictly prohibited and will result in account closure. The use of third-party EAs poses risks to both our company and traders. If multiple traders are found using the same EA and executing identical trades, the account will be flagged for violating our “No Group Trading” policy, which may lead to account termination.

Penalties for rule violations vary. Certain infractions are categorised as soft breaches and may allow for a free retry during Stage 1 of the Propel Pro 2-step evaluation . However, retries are not offered for Stage 2 and Qualified Trader accounts.

 It is essential to fully grasp the rules, objectives, and requirements, especially when aiming for funding up to $200,000.

Yes, the use of VPNs (Virtual Private Networks) and VPS (Virtual Private Servers) in your trading activities is permitted. It is crucial to emphasise the importance of securely managing your account credentials.

Group trading, where multiple traders access and trade from the same account, is strictly forbidden.

Engagement in group trading can lead to the closure of your trading account. Therefore, while VPNs and VPS are acceptable tools, it is essential to use them in line with our trading regulations and requirements.

Trading with multiple IP addresses and devices is allowed on our platform, provided that all trades are executed solely by the individual who has completed the KYC process and has been authorised as the holder of the account.