Frequently asked questions
Find your questions answered below, if you have other inquiries that are not found below, you can email us.
-
General
FAQ - 2-Step Challenge Trading FAQ
-
Instant Funding
FAQ -
Other Queries
(coming soon)
General FAQ
Once you are ready to accept our Bit-Prop Challenge, you just need to signup our account (completely FREE) and can configure your account from the Client Area.
Our Evaluation Process is designed in a way to provide us with sufficient grounds to ascertain your trading skills and allow you to profit in the live account stage consistently.
Bit-Prop is a project looking for experienced clients with trading experience to generate profit with OUR FUND. To ascertain if a client has all the qualities we seek, we developed a 2-step Evaluation Process, which consists of challenge and verification stage. Once successfully passing our evaluation process, the client then can be provided with access to a live account with a real fund, from which he or she can get a reward of up to 80% of their profits.
You can contact us through a contact form, email and our 24/7 Live Chat. Our global customer service team will get back to you as soon as possible. we have a 24/7 customer service. You may either reach our website Live Chat from 8am – 8pm (GMT+8). You may also email us anytime.
We accept clients from all around the world. There is no special qualification required. All clients must be at least 18 years old.
Please note that Bit-Prop does not provide services to persons in/from Iran, Syria, Myanmar and North Korea, persons listed on sanction lists, persons with criminal records related to financial crime or terrorism, and persons previously banned because of breach of contract.
You can trade all your challenge, verification, and live account with the world most popular trading platform, Fortex.
We offer 1:100 leverage on forex, 1:25 on commodities, 1:20 on indices and 1:5 on crypto.
Yes.
Yes.
- Hedging on the same account is allowed, however hedging between two different accounts (i.e. Reverse trading) is STRICTLY prohibited.
- Martingale is not allowed.
There is a minimum requirement of USD100 per withdrawal.
Yes, Fortex 7 supports mobile trading.
We do have a market report provided and analyzed by Autochartist. It can be found in our CRM and it is free for all of our traders.
Website: https://autochartist.com/
Yes, all of the rules are posted at the website.
Yes, we do provide detailed report on all of your trades. You may download it easily from our CRM.
Yes, our affiliate program provides up to 22% of package purchased. Please contact our support for more information.
KYC is known as Know Your Customer. It is a common process used by financial institutions to verify the identity of their clients. The purpose of KYC is to prevent fraud, money laundering, and other illicit activities.
Yes, we have 24/7 customer service. You may either reach our website Live Chat from 08:00 – 20:00 (GMT+8) or you may also email us anytime.
2-Step Challenge Trading FAQ
2-Step Challenge is a challenge where trader need to pass two stages of challenge to go into live stage and in order to be entitled to profit sharing.
There’s a profit target of 10% and 8% for stage one and stage two respectively.
Profit sharing in 2-Step Challenge is fixed and is based on different challenges. The profit sharing percentage ranges from 70% to 80%.
- Must hit a target the target profit of 8% to 10% base on which stage
- Must not loss more than the drawdown amount. 5% daily loss, 10% max drawdown
- Must trade for at least the min trading days of 5 days
- No misconduct on trading
Can hold overnight and trade over weekend.
Traders can have a maximum Daily loss of 5% (of account initial balance) from their starting equity (including all floating losses & profits). The 24-hour period starts at 00:00 GMT+8 server time.
For example:
If you have an initial balance of $200,000, 5% floating loss equals $10,000. If your daily loss is equal or more than $10,000 any given trading day, you are in violation of the Maximum Daily Loss Rule.
It’s important to note that the maximum drawdown of 5% includes both the realized and unrealized profit and loss (P&L) of your open positions.
The Maximum Drawdown is the overall amount a trader can lose on their account.
The capital in any of the accounts (includes challenge and live account) cannot at any given time drop below 90% of the initial account value.
For example:
If you have a starting balance of $200,000, 10% of this equal $20,000. This means if your account falls below $180,000 at any given moment you are in violation of the Max Drawdown rule and thus the account will be disabled
It’s important to note that the maximum drawdown of 10% includes both the realized and unrealized profit and loss (P&L) of your open positions.
No, we do not monitor the amount of lots you place.
There is 5 minimum trading days required in order to advance to next stage.
No, there’s no profit cap.
The only consistency rule is the Profit Consistency Rule. Profit of any single trade must not be greater than 35% of total profit.
Payout is automatically withdrawn to your wallet at 30th of the month.
After passing 2 demo stages, traders will be given a funded account. Trades are required to complete the KYC before requesting a payout.
No, it is not allowed.
Yes, it is allowed.
Yes, it is allowed.
- Hedging on the same account is allowed, however hedging between two different accounts (i.e. Reverse trading) is STRICTLY prohibited.
- Martingale is not allowed.
There’s a minimum requirement of USD100 per withdrawal.
We do have a weekly market report provided and analyzed by Autochartist. It can be found in our CRM and it is free for all of our traders.
Website: https://autochartist.com/
Yes, all of the rules are posted as above.
Yes, our affiliate program provides up to 22% of packages purchased. Please contact our support for more information.
Traders will receive a certificate whenever they scale to the next stage. Consistent high performers are eligible to apply for our in house fund manager program as well. Please contact our support for more information.
Instant Funding FAQ
Traders may start trading with a funded account as soon as they purchase an account. There will be no demo stages. Traders may start earning money as soon as they start the challenge given the rules are not breached.
There’s a 10% profit target to scale to the next stage. There will be no more profit target when traders reach 5th stage, and the accounts will be available as long as the trading rules are not breached.
There’s a total of 5 stages. The size of the account will be increased by 10% based on initial balance and the profit will be increased by 10% when traders scale to the next level.
Stage 1: 50%
Stage 2: 60%
Stage 3: 70%
Stage 4: 80%
Stage 5: 90%
Must hit the target profit of 10%- Must trade for at least a min trading days of 5 days
- Must not hit the daily floating loss of 4% and maximum floating loss of 8%
- No misconduct on trading
- Wait for approval, approval for passing a trading stage occurs on the 1st or 16th of each month, provided that at least 14 days have passed since the trader’s first trade.
Overnight – Yes. Trade over Weekends – No.
There is a minimum trading day is 5 days for each payout and scaling.
Traders can have a maximum Daily floating Loss of 4% of the initial balance. The 24-hour period starts at 00:00 GMT+8 server time.
For example:
If you have an initial balance of $200,000, 4% floating loss equals $8,000. If your daily loss is equal or more than $8,000 any given trading day, you are in violation of the Maximum Daily Loss Rule.
It’s important to note that the maximum drawdown of 4% includes both the realized and unrealized profit and loss (P&L) of your open positions.
For example:
If you have a initial balance of $200,000, 8% floating loss equals to $16,000. If your account falls below $184,000 within any given trading day, you are in violation of the Maximum Floating Loss Rule.
It’s important to note that the maximum floating loss of 8% includes both the realized and unrealized profit and loss (P&L) of your open positions.
No, there’s no profit cap.
a. Hedging on the same account is allowed, however hedging between two different accounts (i.e. Reverse trading) is STRICTLY prohibited.
b. Martingale is not allowed.
Risk Management
If you have a starting balance of $200,000, 5% daily loss equals to a $10,000 loss. If your account falls below $190,000 within any given trading day, you are in violation of the Daily Loss rule.
The capital in any of the accounts (includes demo and live account) cannot at any given time drop below 10% of the initial account value.
For example:
If you have a starting balance of $200,000, 10% of this equals $20,000. This means if your account falls below $180,000 at any given moment you are in violation of the Max Drawdown rule and thus the account will be disabled.
How do I calculate the Max Drawdown?The maximum Drawdown allowed is a constant of 10% of your initial account size. This means that if you have a $200,000 account, the maximum overall loss you can incur is $20,000 (10% of $200,000) at any given time.
It’s important to note that the maximum drawndown of 10% includes both the realized and unrealized profit and loss (P&L) of your open positions.
How to define a trading day?
A trading day is defined as a day where at least one trade is executed. For example if a trade is held over a number of days, the only day that will be considered a “Trading Day” is the day the position was opened, which means only one day.
- Met the profit target of 10%,8% in the respective stages
- Traded a minimum of 5 trading days from both stages
- Closed all active trades on the phase 2 account
Important:
Once you are a Bit-Prop trader you will trade on a live account and therefore will be required to provide the required Identity (KYC) documents.
Other Queries
Coming soon.
Coming soon.
Coming soon.
- General FAQ
- 2-Step Challenge Trading FAQ
- Instant Funding FAQ
- Other Queries (coming soon)
General FAQ
Once you are ready to accept our Bit-Prop Challenge, you just need to signup our account (completely FREE) and can configure your account from the Client Area.
Our Evaluation Process is designed in a way to provide us with sufficient grounds to ascertain your trading skills and allow you to profit in the live account stage consistently.
Bit-Prop is a project looking for experienced clients with trading experience to generate profit with OUR FUND. To ascertain if a client has all the qualities we seek, we developed a 2-step Evaluation Process, which consists of challenge and verification stage. Once successfully passing our evaluation process, the client then can be provided with access to a live account with a real fund, from which he or she can get a reward of up to 80% of their profits.
You can contact us through a contact form, email and our 24/7 Live Chat. Our global customer service team will get back to you as soon as possible. we have a 24/7 customer service. You may either reach our website Live Chat from 8am – 8pm (GMT+8). You may also email us anytime.
We accept clients from all around the world. There is no special qualification required. All clients must be at least 18 years old.
Please note that Bit-Prop does not provide services to persons in/from Iran, Syria, Myanmar and North Korea, persons listed on sanction lists, persons with criminal records related to financial crime or terrorism, and persons previously banned because of breach of contract.
You can trade all your challenge, verification, and live account with the world most popular trading platform, Fortex.
We offer 1:100 leverage on forex, 1:25 on commodities, 1:20 on indices and 1:5 on crypto.
Yes.
Yes.
- Hedging on the same account is allowed, however hedging between two different accounts (i.e. Reverse trading) is STRICTLY prohibited.
- Martingale is not allowed.
There is a minimum requirement of USD100 per withdrawal.
Yes, Fortex 7 supports mobile trading.
We do have a market report provided and analyzed by Autochartist. It can be found in our CRM and it is free for all of our traders.
Website: https://autochartist.com/
Yes, all of the rules are posted at the website.
Yes, we do provide detailed report on all of your trades. You may download it easily from our CRM.
Yes, our affiliate program provides up to 22% of package purchased. Please contact our support for more information.
KYC is known as Know Your Customer. It is a common process used by financial institutions to verify the identity of their clients. The purpose of KYC is to prevent fraud, money laundering, and other illicit activities.
Yes, we have 24/7 customer service. You may either reach our website Live Chat from 08:00 – 20:00 (GMT+8) or you may also email us anytime.
2-Step Challenge Trading FAQ
2-Step Challenge is a challenge where trader need to pass two stages of challenge to go into live stage and in order to be entitled to profit sharing.
There’s a profit target of 10% and 8% for stage one and stage two respectively.
Profit sharing in 2-Step Challenge is fixed and is based on different challenges. The profit sharing percentage ranges from 70% to 80%.
- Must hit a target the target profit of 8% to 10% base on which stage
- Must not loss more than the drawdown amount. 5% daily loss, 10% max drawdown
- Must trade for at least the min trading days of 5 days
- No misconduct on trading
Can hold overnight and trade over weekend.
Traders can have a maximum Daily loss of 5% (of account initial balance) from their starting equity (including all floating losses & profits). The 24-hour period starts at 00:00 GMT+8 server time.
For example:
If you have an initial balance of $200,000, 5% floating loss equals $10,000. If your daily loss is equal or more than $10,000 any given trading day, you are in violation of the Maximum Daily Loss Rule.
It’s important to note that the maximum drawdown of 5% includes both the realized and unrealized profit and loss (P&L) of your open positions.
The Maximum Drawdown is the overall amount a trader can lose on their account.
The capital in any of the accounts (includes challenge and live account) cannot at any given time drop below 90% of the initial account value.
For example:
If you have a starting balance of $200,000, 10% of this equal $20,000. This means if your account falls below $180,000 at any given moment you are in violation of the Max Drawdown rule and thus the account will be disabled
It’s important to note that the maximum drawdown of 10% includes both the realized and unrealized profit and loss (P&L) of your open positions.
No, we do not monitor the amount of lots you place.
There is 5 minimum trading days required in order to advance to next stage.
No, there’s no profit cap.
The only consistency rule is the Profit Consistency Rule. Profit of any single trade must not be greater than 35% of total profit.
Payout is automatically withdrawn to your wallet at 30th of the month.
After passing 2 demo stages, traders will be given a funded account. Trades are required to complete the KYC before requesting a payout.
No, it is not allowed.
Yes, it is allowed.
Yes, it is allowed.
- Hedging on the same account is allowed, however hedging between two different accounts (i.e. Reverse trading) is STRICTLY prohibited.
- Martingale is not allowed.
There’s a minimum requirement of USD100 per withdrawal.
We do have a weekly market report provided and analyzed by Autochartist. It can be found in our CRM and it is free for all of our traders.
Website: https://autochartist.com/
Yes, all of the rules are posted as above.
Yes, our affiliate program provides up to 22% of packages purchased. Please contact our support for more information.
Traders will receive a certificate whenever they scale to the next stage. Consistent high performers are eligible to apply for our in house fund manager program as well. Please contact our support for more information.
Instant Funding FAQ
Traders may start trading with a funded account as soon as they purchase an account. There will be no demo stages. Traders may start earning money as soon as they start the challenge given the rules are not breached.
There’s a 10% profit target to scale to the next stage. There will be no more profit target when traders reach 5th stage, and the accounts will be available as long as the trading rules are not breached.
There’s a total of 5 stages. The size of the account will be increased by 10% based on initial balance and the profit will be increased by 10% when traders scale to the next level.
Stage 1: 50%
Stage 2: 60%
Stage 3: 70%
Stage 4: 80%
Stage 5: 90%
Must hit the target profit of 10%- Must trade for at least a min trading days of 5 days
- Must not hit the daily floating loss of 4% and maximum floating loss of 8%
- No misconduct on trading
- Wait for approval, approval for passing a trading stage occurs on the 1st or 16th of each month, provided that at least 14 days have passed since the trader’s first trade.
Overnight – Yes. Trade over Weekends – No.
There is a minimum trading day is 5 days for each payout and scaling.
Traders can have a maximum Daily floating Loss of 4% of the initial balance. The 24-hour period starts at 00:00 GMT+8 server time.
For example:
If you have an initial balance of $200,000, 4% floating loss equals $8,000. If your daily loss is equal or more than $8,000 any given trading day, you are in violation of the Maximum Daily Loss Rule.
It’s important to note that the maximum drawdown of 4% includes both the realized and unrealized profit and loss (P&L) of your open positions.
For example:
If you have a initial balance of $200,000, 8% floating loss equals to $16,000. If your account falls below $184,000 within any given trading day, you are in violation of the Maximum Floating Loss Rule.
It’s important to note that the maximum floating loss of 8% includes both the realized and unrealized profit and loss (P&L) of your open positions.
No, there’s no profit cap.
a. Hedging on the same account is allowed, however hedging between two different accounts (i.e. Reverse trading) is STRICTLY prohibited.
b. Martingale is not allowed.
Risk Management
If you have a starting balance of $200,000, 5% daily loss equals to a $10,000 loss. If your account falls below $190,000 within any given trading day, you are in violation of the Daily Loss rule.
The capital in any of the accounts (includes demo and live account) cannot at any given time drop below 10% of the initial account value.
For example:
If you have a starting balance of $200,000, 10% of this equals $20,000. This means if your account falls below $180,000 at any given moment you are in violation of the Max Drawdown rule and thus the account will be disabled.
How do I calculate the Max Drawdown?The maximum Drawdown allowed is a constant of 10% of your initial account size. This means that if you have a $200,000 account, the maximum overall loss you can incur is $20,000 (10% of $200,000) at any given time.
It’s important to note that the maximum drawndown of 10% includes both the realized and unrealized profit and loss (P&L) of your open positions.
How to define a trading day?
A trading day is defined as a day where at least one trade is executed. For example if a trade is held over a number of days, the only day that will be considered a “Trading Day” is the day the position was opened, which means only one day.
- Met the profit target of 10%,8% in the respective stages
- Traded a minimum of 5 trading days from both stages
- Closed all active trades on the phase 2 account
Important:
Once you are a Bit-Prop trader you will trade on a live account and therefore will be required to provide the required Identity (KYC) documents.
Other Queries
Coming soon.
Coming soon.
Coming soon.