General
How much capital can I receive from Proopco?
We strive to offer a wide range of challenges with the highest balances. Currently, we provide challenges with initial balances of $6,000, $15,000, and $25,000. Knowing the enthusiasm of top traders for higher-balance accounts, challenges with $50,000, $100,000, and $200,000 will be available soon.
Additionally, if you wish to trade with a larger account balance, Proopco offers a capital increase plan specifically designed for traders who maintain good capital management and demonstrate high discipline and consistency in their trading strategies.
Through the capital increase plan, traders can have the opportunity to trade with higher account balances and maximize their trading potential.
What is the profit split in Proopco?
In the two-step challenges, your initial profit share is 80%. With the capital increase plan, you will be eligible to receive 100% of the profits.
When should I send selfie documents for KYC?
After passing the first and second phases of the challenge, you need to send the required selfie for identity verification to receive the real (Proopco) account and withdraw profits.
Does my trading cycle start when the account is activated?
Your trading cycle starts when you make your first trade, not when your account is activated.
For example, if you receive your account on Monday and make your first trade on Friday, your trading cycle will be calculated from Friday.
How can I calculate the daily drawdown?
To calculate the daily stop-loss, you can use the following formula:
Daily Stop-Loss=Previous Day’s Balance−Today’s Balance/Equity
Another important point to note is that your daily stop-loss will reset at midnight according to the server time.
When will I receive the real (Proopco) account?
When you successfully reach the specified profit target in your chosen challenge and adhere to all trading rules and guidelines, you will be eligible to receive the real (Proopco) account.
At this stage, traders need to submit the required documents for identity verification. After submitting and verifying the identity documents, our support team will provide you with the account. This entire process takes less than 24 hours.
Can I use the profits earned to take on a new challenge?
If you earn profits from your Proopco account, we allow you to use that amount to take on a new challenge of your choice.
This means that instead of withdrawing the profit to your wallet or exchange, you can use that amount to pay for another challenge.
How can I make a payment with cryptocurrency?
You can use Tether (USDT) on the Tron (TRC20) network to purchase an account.
Please note that it is essential to ensure the accuracy of the transaction amount and select the appropriate network to guarantee the success of the transaction. If you choose the wrong network for your cryptocurrency payment, we cannot be held responsible for lost funds.
In cases where your payment takes longer than the estimated processing time, we ask for your patience, as cryptocurrency transactions may sometimes be delayed due to network congestion. In such situations, you can check the transaction status using a blockchain explorer or contact our support team to alleviate any concerns.
What does a Proopco (real) account mean?
A Proopco account is a fully simulated account with real market prices. However, we may, at our discretion, copy trades using our infrastructure and send them to the market.
What is the minimum withdrawal amount in Proopco?
There is no minimum withdrawal amount set in Proopco, and you can withdraw any amount of profit you earn.
Is it mandatory to use a stop loss for all trades?
There are no restrictions on the use of stop loss in each trade; traders are free to trade without using it.
Stop loss is a risk management tool that helps limit potential losses. We recommend that traders use it for better capital management, but ultimately it depends on your personal strategy and risk tolerance.
Is there an age limit for joining Proopco?
Yes, you must be at least 18 years old to open a trading account with Proopco. This is because trading involves significant risks and requires a certain level of maturity and responsibility.
What is the difference between Balance-Based Drawdown and Equity-Based Drawdown?
Balance-based drawdown and equity-based drawdown are two different methods for managing risk in trading. They differ in how they consider your trading account balance and when your stop-loss is triggered.
Balance-based drawdown: Drawdown is calculated based on the initial account balance. For example, if you have an account with a balance of $15,000, the decrease in balance is calculated based on the initial balance, which is $15,000.
Equity-based drawdown: This method takes into account your current account equity, including any profits you have earned or potential losses you may incur in real-time. This method acts like constantly monitoring your trading account every time a trade results in a profit or loss.
In simpler terms:
- Balance-based drawdown is like taking a snapshot at the beginning and end of the day.
- Equity-based drawdown is continuously updated.
Overall Conclusion
Based on the above explanations, it is clear that the balance-based drawdown method is better for traders because it offers more flexibility in managing losses and positions. Therefore, in Proopco, drawdown is calculated based on balance.
Are trades during the evaluation phase and the Proopco (real) account conducted in accordance with the real market?
During the evaluation phase and the Proopco (real) account, orders are executed based on simulated real market conditions. This means that orders placed on our platform may not be guaranteed to fill at the requested price.
Instead, orders will be filled according to market conditions, the order book, and market volume at that price. Therefore, the difference between the requested price and the filled price of an order is not unique to our platform; this is a common occurrence in trading regardless of the company, broker, or any financial market.
Technically, the orders placed by traders are executed based on simulated real market quotes using Proopco's liquidity providers. As a result, traders' orders will be filled at the best available market price based on the order book and the availability of the required volume at that price. Therefore, traders may experience a difference between the requested price and the filled price. It is important to note that in volatile markets, this difference can be significant.
For example, during news releases, market rollovers, or the start of a new trading week, spreads can widen significantly. This leads to price differences that can occur in both negative and positive directions.
Quit Worrying About investment Hassles
Our experts are ready to assist you. Whenever you encounter a problem or need guidance, we will be there for you. We are available 24/7 through our online chat service, throughout the entire week. Additionally, we are accessible by phone from 9 AM to 5 PM, Monday through Friday.
Proop.co provides educational services and trading simulations to traders and does not recognize itself as a broker and does not accept any funds as deposits. Before deciding to subscribe, you should carefully assess your trading goals, level of experience, and risk tolerance