- The Daily Drawdown is calculated based on the previous day's balance. For example, if a trader starts with $10,000 and increases the account to $10,500 in two days, the Daily Drawdown for the third day will be calculated based on the $10,500 balance.
- The Maximum Drawdown is calculated based on the initial account balance. For example, a trader who has increased a $10,000 account to $10,500 can have a maximum drawdown of up to 14%. This drawdown is calculated from the initial $10,000, which equals approximately $1,400; however, this loss must not occur within a single day.
- At MyProp, deposits can be made via both IRR (Rials) and Cryptocurrency. All withdrawals are processed exclusively via Cryptocurrency.
- Withdrawals are processed in USDT (Tether) via cryptocurrency.
- Identity verification is not required to participate in the challenges. However, after passing the challenges and during the profit withdrawal stage on a Live Account, full KYC procedures must be completed.
- No, trading is not available on Saturdays and Sundays.
- The name of the trading platform will be provided to you at the time of account issuance.
- Yes, the phone number must be registered under the same name as the user on the website.
- Yes, Martingale strategies are allowed.
- After receiving your Live Account, the first profit withdrawal is possible after 20 days. Subsequent withdrawals can be made every 7 days.
- For Standard Plan accounts, each stage has a 60-day limit.
For Advanced Plans, there is no time limit.
Note: If you do not trade for 30 consecutive days, your account will be deactivated. - Yes, once you receive your Live Account, 135% of the challenge fee will be refunded (included with your first profit withdrawal).
- The leverage for all accounts is 1:100.
FAQ
Trading directly on a live account is one of the best ways to earn from the financial markets.