Propel Capital

About Propel Capital

About

Propel Capital Group is a proprietary trading company, that provides traders with an innovative platform to demonstrate their trading ability. We are looking for the next generation of traders who can demonstrate risk mitigation and achieve profitability.

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Firm Rules

2 phase challenges, with phase ones target being 8% and phase 2 being 5%

unlimited trading days

daily drawdown limit is 4%

max drawdown limit is 8%

we also offer a reversal challenge where phase 1's profit target is 5% and phase 2 is 8%

in order to pass, you need 3 profitable trading days where you make 0.5% profit for the day

news trading is allowed in the challenge phase but in the funded phase you will have to open\close your trade 5 minutes before or after the event

Prohibited trading strategies include:

• Taking advantage of unrealistic prices or unrealistic trade opportunities , such as arbitrage, latency, front-running price feeds, and exploiting mispricing.
• Latency trading
• Order book spamming – opening multiple positions in a few seconds to manipulate price
• Arbitrage trading
• High-frequency trading
• Reverse trading/group hedging

Additionally, account management services are not allowed, and all accounts and trades must be carried out by the trader named on the account. If you have any doubts about the compliance of your EA or manual scalping strategy, it is worth creating a free trial account via our dashboard, which will allow us to analyze the strategy and approve it in line with our guidelines, prior to proceeding with an assessment.

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Refund fee

NONE, we do not offer refunds on the challenge fee

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Payment methods

Credit Card, Debit Card, Cryptocurrencies

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Payout methods

Wire Transfer, Cryptocurrencies, Rise Pay

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Account currencies

USD

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Asset types

Crypto, Indices, Commodities

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Scaling

YES, We cap the maximum virtual capital at $2 million. If you achieve a 10% increase in virtual capital then you are eligible to request scaling. Scaling allows the you to request performance fees while scaling up their account by 10% of the initial balance.

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Expert advisor

YES

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Copy Trading

YES, Traders must verify ownership by providing details. Copy trading between Propel accounts is permitted, but copying from other groups or traders is prohibited and classified as Group Trading.

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News Trading

News trading is permitted during the challenge phase; however, in the funded phase, trades must be opened or closed at least 5 minutes before or after the news event.

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Technology

White-label

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Broker

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Year established

2024

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Country established

United Kingdom

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Support hours

Our support team is available 24/7 to assist you. Please note that response times may be slightly delayed during weekends and outside of UK business hours.

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