Propfirmo is a proprietary trading firm that provides capital to skilled forex traders. We fund traders who meet our evaluation criteria and allow them to trade with our capital, sharing in the profits they generate.
To get funded, you need to pass our evaluation process, which includes meeting specific profit and risk management targets over a defined period. After successful completion, you will receive a funded account to trade with real capital.
Yes, prior trading experience is important to ensure you understand the forex market, risk management principles, and trading strategies. While you don’t need to be an expert, having a solid foundation is beneficial.
Propfirmo primarily supports MetaTrader 5 (MT5). You will need to trade on this platforms to track your performance and execute trades on a funded account.
We evaluate traders based on their trading performance through an assessment phase. Once a trader successfully completes the evaluation and meets our profit targets, they receive funded accounts to trade. Profit sharing is then split between the trader and Propfirmo, typically at a pre-agreed percentage.
The evaluation process involves demonstrating your ability to trade successfully and manage risk. This usually consists of achieving a target profit without exceeding drawdown limits within a set time frame. Detailed rules and guidelines are provided at the beginning of the evaluation.
If you fail to meet the profit or risk targets during the evaluation, you will not be funded. However, you can reapply after reviewing your strategy and risk management techniques to improve your chances next time.
The typical profit split at Propfirmo is 90/10 in favor of the trader, but this may vary depending on the account size and the specific terms of the funding agreement, You Can Read More in Rules Section.
Our minimum funding amount is $5,000 and can go up to $200,000 depending on your evaluation performance and funding plan.
While trading, there are certain risk management rules, such as maximum drawdown limits, daily loss limits, and maximum profit Position. However, you can trade a wide variety of forex pairs, commodities, and indices as long as you adhere to the rules.
If you violate the drawdown rules, your evaluation account may be terminated, and you would need to start over. To avoid this, it's crucial to follow proper risk management practices during the evaluation.
Traders can withdraw profits from their funded accounts on a monthly basis or as specified in the funding agreement. Withdrawals are usually processed within a few business days.
Propfirmo offers leverage up to 1:100 depending on the funding plan and your performance in the evaluation. We encourage safe leverage practices to protect both the trader and the firm.
We offer several funding plans, including Step 1 & Step 2 Accounts, with varying risk parameters, profit-sharing splits, and leverage options. You can choose the plan that best fits your trading style and goals.
Yes, once you have successfully demonstrated consistent profitability and proper risk management, you can apply for a larger funded account. Our scaling program allows you to grow your account size over time.
Yes, Propfirmo is available to traders from most countries worldwide. However, there may be some restrictions based on local regulations in certain regions. Please check our terms and conditions for a full list of excluded countries.
You can reach our support team by email, live chat, or through the support portal on our website. We offer support during business hours and typically respond to inquiries within Few hours.
Initially, traders use a demo account during the evaluation process to demonstrate their skills. After passing, you will be funded with a real account.
There are no restrictions on the number of trades, but you must stay within risk management rules, including drawdown limits and position size.
No, you cannot withdraw the capital you are trading with. You can only withdraw your share of the profits.
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