Tired of doing challenges, and feel prop firm’s aren’t on your side? Trade our funds, the rules are easy, and we need good traders like you on our side!
Tired of reaching profit targets, but you know you're profitable? Hop into our Parvo Accounts, we got your back!
You profitable but don’t want to worry about hitting a performance target just to get in your funded account? Well that’s okay, cause we got you, with our generous draw down limits and great scaling programs. Just trade once a week and you will be eligible for a Performance Based Payout as long as you hit 3%!
1 Trade / Week
Introducing the Parvo simulated performance rewards program by MyPropChoice. Unlike many similar programs, Parvo stands out with its unique features. At an affordable cost, this program offers a static drawdown limit of 6%, a more favorable figure compared to most other programs. To initiate the first performance payout, achieving a modest profit target of 6% is required, with an account leverage of 1:50.
For the second performance payout, you’ll find the profit target even more achievable, needing only a 3% profit attainment. The third payout requires a 2% profit, further easing the process. After these initial payouts, all subsequent ones demand just a 1% profit target, making it simpler to access your earned rewards.
When it comes to scaling the account, a cumulative profit objective of 12% triggers an account size doubling.
In terms of performance-based rewards, these accounts commence with a 50% share of simulated profits, which progressively climbs to a maximum of 75%. With each scaling, there’s an additional 5% increment in the profit share, allowing you to enjoy more favorable returns.
You can withdraw once a week, invoices should be submitted by Monday close of 5pm US/Eastern time. Payments to all clients will be batch processed by Wednesday of that week.
The updated rules involve gradually decreasing the withdrawal requirements over time. The first withdrawal requires achieving a profit target of 6%. Subsequently, on your second withdrawal, you only have to make 3%, while the third withdrawal is lowered to 2%. For all subsequent withdrawals following the third, a profit of only 1% is required.
All accounts start with a balanced 50/50 performance rewards to the trader of indicated accounts profits, which grows by 5% after each scaling, reaching a maximum of 75% in favor of the trader.
The scaling rules have been updated to follow Cumulative Withdrawal. This means that withdrawals will be calculated cumulatively over time, allowing for more flexibility. As an illustration of the scaling process, your account size will double each time you attain a cumulative profit milestone of 12%. For instance, after you hit your 1st, 2nd, 3rd and 4th withdrawal targets of 6%, 3%, 2% and 1% respectively, your account will then scale to 100%, effectively doubling in size.
Maximum scaling/capital allocation per account is $1,024,000
You can request to scale once per week on MyPropChoice after achieving the "scaling target of this program." However, it's important to note that the frequency doesn't guarantee scaling. Each request undergoes a review assessing your responsible trading practices and continued ability to perform at the desired level. Practices resembling gambling can limit your scaling opportunities. In essence, while you can request weekly, scaling is a privilege based on performance and adherence to our platform's values, emphasizing skill and professionalism.
Profit tracking stops at 12% for all account sizes. Once this 12% profitability milestone is attained, the account undergoes a temporary pause to facilitate a comprehensive profitability assessment.
No, we accept clients from the USA, Europe and from most other countries and continents. We are searching for traders around the globe who are at least 18 years old. As long as you're not residing in a UK economically sanctioned country, we can accept you. All withdrawals are currently processed via bank wire transfer, or crypto payouts. Any fees to facilitate the transfer will be deducted from the transfer.
Most trading strategies are allowed as long as they can be copied into the real market. If our trade copying technology has issues copying your trades you may be notified and requested to alter your trading strategy in order for your trades to accurately be copied into the real market.
We understand that sometimes not 100% of trade can be copied 1:1 from a demo into the real market, which part of the reason we compensate with a profit split that is tilted to our favour to ensure your payouts can still be achieved. However, if there is ever a case where there is a continuous run of multiple losses due to micro or tick scalping, exteremely low hold times, or trading large volumes during high impact news where our real account is negatively affected by slippage we will notify the affected trader and request they alter their trading strategy to preserve our master trading account.
Other than those conditions, in general it's ideal to hold your trades for at least 10-15s to ensure trades can survive the real market in our master account. Martingale, hedging, and most other strategies are allowed.
You are welcome to hold trades over the weekends. Please be aware of the risks associated with market gaps when trading when the market closes, and crypto is not tradeable during the weekend with our broker.
All Parvo accounts have a leverage of 1:50
Our Parvo accounts adhere to a firm 6% static drawdown rule. This signifies that the drawdown is consistently limited to 6% of the original account size, irrespective of any profits accumulated. To illustrate, if your account begins at $1000, the highest permitted drawdown would be $60. Hence, your account cannot go below $940.
You can have up to 10 accounts per household at most.
The maximum initial capital allowed per strategy, prior to any merging or scaling, is $16,000. This limit ensures a manageable starting point for strategies before they are combined or scaled up.
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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