There is no catch. There are two reasons we are running free challenge as follows: 

1 – We are not your typical prop firm. We are, in-fact, a software company that creates software for prop firms. By asking you to take our challenge, we benefit in multiple ways – first we get your help in testing / improving our software and secondly, we also get an opportunity to promote our software to future potential customers. 

2 – We also work with a fund that is always looking for skilled traders. We hope to attract skilled traders that can potentially trade for the fund once they prove their skills.

Please refer to the main page of this site for challenge rules.

If you successfully complete the challenge, we will pay you 10% of the profit made. For example – if you were to make $100 profit and complete the challenge, we will pay you $10 USD cash reward for your participation.

Note: there is a cap of $15 on the cash reward at this point.

At any given time, you can hold only one active trading account in our challenge. However, you can apply again once your existing challenge is over. Also note that, once you have successfully completed a challenge, you cannot participate in the free challenge again. In that case, we will contact you to be part of a special traders group that may get other bebefits.

We use wise payments to pay out our members. You must have a valid wise account for the same. All payments will be initiated in US Dollar only.

Yes, daily and overall drawdown limits will include open trade equity. For example, if you have lost 10 dollars for the day and if you have additional -10 USD in negative open trade equity (OTE), your overall daily drawdown is counted as 20 USD. Same will be counted towards your overall drawdown limit.

At this point, we have released our own simulated brokerage software. We will be using the web-trader platform from the same broker – Monitor-Line sBroker

We use our own simulated broker platform – Monitor-Line sBroker. As this is just a paper trading solution meant for prop firms, we actually don’t have any broker involved.

Once you initiate the challenge, our software will create a 1000 USD balance simulated account. You will have 1:100 leverage in this account. Regular 28 major currency pairs and few crypto currencies will be available with normal market conditions. The spreads are similar to what a regular demo account will have from a regulated broker.

We don’t have any consistency rules but we will do manual audit of your trading activity before we approve your payment. If we find that you had employed any “unethical” means to reach the target, we reserve the rights to deny your payout. For example arbitrage trading is considered unethical. Also, if we find that you traded very big lots for the important news cycle and then traded very small lots just to meet the number of trading days, we consider this as “gambling” or “unethical” approach. This is just an example. We reserve the rights to deny any payouts if we find any similar approaches in your trading.

28 currency pairs and few cryptos are available at this point along with gold and silver.

An account is marked as target reached when equity of the account crosses the pre-defined target percentage from the starting balance. Since the actual trading account may still remain open, the system will count only the balance when the equity has hit pre-defined target percentage. If the trader continues to trade in that account after the system has marked the account as “TARGET REACHED”, that delta trading activity is not considered for cash reward calculations.

If you have already reached target on one account and successfully completed the challenge, you cannot create further accounts. Instead, we will contact you to be part of an exclusive group of traders where we can discuss further opportunities of funded accounts etc from other firms with you. Please contact us for that and we will provide details. However, once you have reached target once, you cannot continue with the free challenge anymore.

You can try up to 3 times.

Yes, if you successfully complete the challenge, we will consider you to trade full time for a USA-based fund. There will be additional scrutiny of your trading style and strategy. You must be able to trade within USA trading regulations. We will provide another USA-based demo account for you to further showcase you trading skills. Once you pass the additional scrutiny, you will be given a real money trading account and receive a profit split. The exact details of this arrangement will be worked out on case-by-case basis.