There is no limit, it depends on your capital management strategy.

Yes, the forex market is a trading market and not an asset market, and what is important for MyProp is the loss at the moment, for example, a trader has a position, and that position first moves in the opposite direction, and the daily capital loss of the account is 6%, trading in the direction In violation, a loss of 6.5% is incurred, then it returns to 2% profit, in this case, the violation of the rules before making a profit has been done.

Due to high emotions during important news, trading at the same time as the news (5 minutes before and after the news) is prohibited.
The source of the red news is the Forex Factory website (forexfactory.com), they are placed in the user panel only to remind you of the news.

Only trades under 1 minute or so-called fast scalping are prohibited and the rest of the styles are not a problem.

Yes, each user can only have one active challenge.

There is no problem in one account, but if MyProp determines that hedging has been done between two accounts, it can be tracked and both accounts will be deleted.

If the rules are violated, the account will be taken from the trader and he must participate in a new challenge, which requires a fee.

In case of violation of the rules in the second challenge, the first challenge will also be lost, and in order to participate in the new challenge, he must use the first challenge, which requires a new fee.

Our goal is to attract professional traders with trading skills.
If more than 80% of the target profit of the account is obtained through one transaction or several transactions in a gambling-like manner on a trading symbol and the trader makes a high-risk gambling-like trade, his challenge will be declared rejected.
Also, in the Rail account, if more than 80% of the profit registered in the account is obtained through one transaction or several transactions in a gambling-like manner on a trading symbol, the profit of this transaction is not considered in the withdrawal of profit and his account is rejected.
*Note that this rule is only for gambling transactions and there is no problem with trading on a trading symbol with continuous and reasonable profit.

(Keep in mind that such conditions can be seen in valid prop-forms such as FTMO clause 5.4.1 in the terms and conditions section and you can read them in their prohibited trading methods. This law will prevent people who violate the prop-form conditions from abusing)

In order to participate in the challenges, authentication is not required, but after passing the challenges and at the time of withdrawing profit in the Rail account, the authentication steps must be completed.

You can choose MyProp challenges according to your strategy and your personality, but these challenges have a daily risk that if it reaches the daily risk, the account will be taken from the trader. For example, the daily risk is 6%. If it reaches 6%, the account will be withdrawn. It will be taken from the trader and the violation of the rules has been done.

This case is higher than the daily risk, and the overall risk can be changed in MyProp at the beginning of the challenge, but the user cannot take the overall risk in 1 day, and if the total number of trading days (at least 5 days) reaches this value, the account will be taken from the user. will be taken

MyProp challenges can be done within 30 days without time limit (by activating the time limit removal option), but there is no time limit in the Real account.

The basis for calculating the daily drawon is the starting balance of the day and the basis for the total drawon is the initial balance of the account.
During a trading day, the equity of the account should not reach below the offset of the chosen capital from the starting balance of the day, in this case, the rules have been violated.
If the account balance increases with profit during a day, it will still be the basis for calculating the daily drawdown of the starting balance, that is, you will be allowed to take more risk.
If the account balance goes to the next day with 10,200, the basis for calculating the daily balance will be 5% of the balance at the beginning of the day. That is (10200*5% = 510)
The total amount of the account will be the same as your choice, which is calculated from the starting balance of the account.
The zero hour at the time of the broker, which is displayed in Metatrader by turning on the Show period separator option with a vertical dashed line, is also considered as the beginning of the day.

All deposits and withdrawals are done through digital currency.

If there are problems such as broker outages, etc., MyPerApp will try to cooperate with traders as much as possible.
(To reduce such problems, we suggest using the appropriate hardware and high-speed internet such as Mobinnet, Zeitel, ADSL and TD-LTE modems and always make sure of a quality internet connection.)

Trading in fast scalping style (opening and closing the transaction in less than 1 minute) is not acceptable due to the impossibility of copy trading on the company’s main accounts from the broker’s side, and if when applying for the next stage challenge account and when applying for profit withdrawal If there is a transaction in this style in the Rail account, the rules will be violated and the user’s account will be rejected.

If a person has a real account and is trading, if you intend to increase capital, he must pass the challenge again in the amount of the capital increase request, then the same amount will be added to the trader’s previous account.

Using martingale trading style (increasing volume when you are at a loss) is okay
If robots are used for this purpose, the robot must be designed by the trader himself. To prove this issue, first register a ticket on the site so that we can check.

The minimum profit withdrawal is $100.

Hedging (opening a trade in two directions on one account is allowed, but the trader should not hedge between trading accounts. If this condition is proven by MyProp, the rules will be violated and the account will be taken from the trader.

There is nothing wrong with using a trading robot (EA) only if it is part of a person’s intellectual property and before using it, a ticket is sent and proof of the robot’s construction is done, otherwise we cannot accept it, because your skill is not for managing our capital. is of interest.

Note that the use of the robot is possible only in accounts with a daily risk of 4% and a total risk of 8%.

Each trader can have only 1 active challenge in MyProp, if it is found that having several active challenges at the same time with different names and doing copy trade or using the same strategy between these accounts, the rules are violated and the continuation of the process is prevented. The action is coming.
If several asynchronous challenges for each trader reach the rail account stage, they will be merged with each other.

Any copy trading between different accounts is prohibited and any person who works with MyProp can be tracked and this is a violation of the rules because the purpose is to identify a professional trader.

The basis for calculating daily capital loss is the previous day’s balance. For example, a person starts trading with 10,000 dollars and in two days the account reaches 10,500 dollars, the third day will be the basis of daily capital loss from 10,500 dollars.

The basis for calculating the total capital loss will be the initial balance of the account.

For example, a person who has increased a $10,000 account to $10,500 can have a total capital loss of up to 14%, this total capital loss will be from $10,000, which is about $1,400, but this amount should not happen in one day.

Deposits for purchasing accounts and receiving accounts are made through cryptocurrency.

If you intend to deposit Riyals, inform the support via ticket.

Withdrawals can be made both in Riyals and through currency in the form of dollars, Tether or any other currency.

In order to participate in the challenges, authentication is not required, but after passing the challenges and at the time of withdrawing profit in the Rail account, the authentication steps must be completed.

No, Saturdays and Sundays are not eligible

Metatrader 5

Yes, the profit from introducing MyProp is 7%.