We don’t limit the number of Challenges you can purchase, and you can even take part in multiple Challenges in parallel. However, when it comes to active accounts being run in parallel, each user will be able to have a combined starting equity of a maximum of $400,000. This means that, while you cannot exceed a total of 40 Challenges running at once, you will be able to purchase an infinite amount of Challenges provided they are within the $400k combined starting equity limit.
For Example:
You can have a total of forty $10K Challenges running at the same time. Similarly, you can have a total of sixteen $25k accounts. You can also mix Challenges and, for example, have eight $25k accounts and four $50k accounts. However, you will not be able to purchase two $200k accounts and one $50k account (the combined equity exceeds the $400k maximum).
Keep also in mind that, if the $400k limit is reached, you will be able to purchase more Challenges once the ones you have purchased are completed.
To summarize, you can buy accounts until you reach a maximum of $400k total starting equity for all accounts. That said, you can scale up your capital as far as $1 million.
Related FAQs
General Queries
In your dashboard on our website, you can see “Payouts” in the menu.
A Simulated Funded Account refers to any account where a client has the potential to receive compensation based on a percentage of the virtual profit generated within that account, as determined by the virtual Profit Split associated with the account.
We want to remind you that our system automatically takes action on accounts that violate any of our drawdown rules or reach the end of their challenge period.
Once you have downloaded the client terminal, please log in on the terminal using the account login details that we provided to you, and you should be good to go!
If you happen to breach any of the Trading Objectives, that particular account will be automatically invalidated and loses eligibility to continue in the Evaluation Course.
Traders with a Simulated Funded Account will be eligible for fx payouts after 14 days of getting their funded fx account, to be eligible, the account must be in profit from the initial starting balance when the trader received the account.
We believe in constant adaptability and development when it comes to trading, therefore we do not have a minimum or maximum limit on trading days during our evaluation period.
The conditions are simulated live market conditions. If you use higher lot sizes, the chance of slippage increases. Volatile market moments increase the chance even more, which can not be controlled.
After you have passed all the Trading Objectives in the MyPropFirmFunds challenge, you will see a notification in your trading account informing you about your success.
It is crucial to remember that, in leveraged trading, managing open positions and monitoring the necessary margin level at all times is the trader’s responsibility.
If you breach any trading objective, all your open trades will be closed, your limit & stop orders will be canceled and the account is switched to view-only mode.
The bond between a trader and our affiliated Proprietary Firm is established through the Contract Agreement which will be provided to you upon successful completion of the Challenge and Verification.
In our Terms and Conditions, it is stated that all transactions made within trading accounts of our proprietary firm must not interfere with the functioning of the real market.
