Trade 10 days
The Funded Trader
MyPropChoice is not a white label provider of The Funded Trader or any vendor on our website.
All Prop Firm account discounts are made possible by means of a preliminary evaluation administered by MyPropChoice.
Watch the video below to understand how MPC’s Gate Way Challenge works.
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Information source The Funded TraderOfficial Website
The Standard Challenge consists of a two-phased evaluation process where a trader has 35 calendar days from the date the first trade is taken to achieve a 10% profit target. The 35-day period ends at 5pm EST on the last day of this phase.
During the trading period, the trader must not hit the maximum daily drawdown of 6% equity at any time based on the initial balance of their account. The trader must also not hit the maximum total equity drawdown of 12% from the starting balance of the account. The trader must trade a minimum of 5 trading days during the allowed 35 calendar days.
After passing Phase 1, the trader then has 60 calendar days to pass Phase 2 of the challenge by achieving a 5% profit target while abiding by the same daily and maximum drawdown rules above in addition to trading a minimum of 5 additional trading days (that is, a minimum of 10 trading days). The 60-day period ends at 5pm EST on the last day of this phase.
Please also note that with Phase 2, traders will be trading live conditions.
Any violation of the rules above will result in the termination of your trading account and you will not be eligible to move forward in the program with that account. Traders are more than welcome to start over by joining the program with a new trading account.
If a trader ends Phase-1 of the Standard Challenge in profit without violating the maximum daily loss or total loss while satisfying the minimum required days, they will be eligible for a retry if they run out of time for Phase-1.
If a trader ends Phase-2 of the Standard Challenge in profit without violating the maximum daily loss or total loss while satisfying the minimum required days, they will be eligible for a retry if they run out of time. However, they will have to start back on Phase-1.
Traders are not eligible for retries under any other circumstances.
It is important to note that in leveraged trading, it is the responsibility of the trader to actively manage any open positions, and be mindful of the required margin level to maintain those positions at all times.
For all Challenge and Funded Accounts, our Margin Rules are as follows:
Margin Call level - 110%
Stop Out level - 100%
If you reach 110% you get a Margin Call and you will not be able to open any trades.
If you reach 100% Margin or below, a Stop Out will occur at which MetaTrader will start to close any open positions one by one, starting with the most unprofitable position.
To maintain and manage your margin levels, you may need to decrease the margin you are trading on by reducing the lot size of your positions. We highly recommend and encourage trader's to always user proper risk management, and utilize stop losses to make sure you avoid margin call on the account.
We allow trading of the instruments available on your trading platform. This typically includes forex, commodities, indices, and crypto. We also document these instruments on The Funded Trader Available Instruments sheet.
NOTE: Due to increased volatility in the crypto asset class, we have disabled crypto trading on the following accounts:
Eightcap Accounts: only Funded Accounts
***You are still free to trade crypto for Phase 1 & Phase 2 of challenges on Eightcap Accounts only***
Please note disabled trading for crypto is effective May 12th 2022 until further notice.
Currently offering all of The Funded Trader’s accounts are provided on EightCap.
They allow traders to use the MT4 (MetaTrader 4) platform.
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Freedom to Choose
Our All Star Support team is available to answer your questions
This is not an investment opportunity. You do not deposit any funds for investment. We do not ask for any funds for investment. At no time do you risk your own capital. There are no promises of rewards or returns. Trading contains substantial risk and is not for every investor. An investor could potentially lose all or more than the initial investment. Risk capital is money that can be lost without jeopardizing one’s financial security or lifestyle. Only risk capital should be used for trading and only those with sufficient risk capital should consider trading. Past performance is not necessarily indicative of future results.
Hypothetical performance results carry with them specific inherent limitations that users should be aware of. It’s important to understand that these results do not guarantee or imply that any account will achieve profits or losses mirroring those displayed. Often, real-world trading yields results that can differ significantly from those seen in hypothetical scenarios. A key constraint of hypothetical results is that they are constructed with the advantage of hindsight. Moreover, such results do not grapple with the financial uncertainties that live trading presents. Factors such as an individual’s capacity to navigate trading losses or remain committed to a trading strategy in challenging times play pivotal roles in real trading situations. Furthermore, myriad external factors connected to the broader market or the intricacies of a specific trading method may not be captured in hypothetical data, and these can have tangible effects on actual trading outcomes. It’s also essential to note that testimonials on our platform might not encapsulate the diverse experiences of all our users and should not be construed as a benchmark for future results.
Our services, including all accounts offered, are designed to provide a realistic simulation of trading under actual market conditions. We incorporate various elements, including commissions, to closely mimic real-world trading scenarios. While our services aim to be a rigorous challenge even for seasoned traders, their primary objective is to train customers to navigate and manage the psychological impacts of trading more effectively. We emphasize that our services are demanding and might not be suited for individuals with limited trading experience.
All trades on our platform are theoretical in nature. Accounts offered are purely simulated, with no actual trading activity taking place. Endorsements and compensation highlighted on this platform might not represent the experiences of all our users and should not be viewed as a prediction of future outcomes or successes.
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