Choose A Propel Challenge.
Are you a broker?
We are not a broker ourselves no. We are a Proprietary Trading company. We do not accept deposits from traders to trade with their own capital. Within our Simulated Institutional Execution environment, clients will solely play for the assessment of their trading strategies.
What trading platforms can I use?
At present, our dashboard provides access to the cTrader platform.
Am I Trading with Real Funds?
Propel Capital Group does not utilise real funds and instead offers traders simulated assessment accounts. Upon successful completion of our assessment process, traders will be granted access to our simulated market environment. You are eligible to generate performance fees, once you become a Qualified Analyst with Propel Capital Group, and these fees will be based on the success of your trading strategy within the simulated environment .
Is the use of VPNs and VPS allowed?
Yes, the use of VPNs (Virtual Private Networks) and VPS (Virtual Private Servers) in your trading activities is permitted. It is crucial to emphasise the importance of securely managing your account credentials.Group trading, where multiple traders access and trade from the same account, is strictly forbidden.
Engagement in group trading can lead to the closure of your trading account. Therefore, while VPNs and VPS are acceptable tools, it is essential to use them in line with our trading regulations and requirements.Trading with multiple IP addresses and devices is allowed on our platform, provided that all trades are executed solely by the individual who has completed the KYC process and has been authorised as the holder of the account.
If I complete all the trading objectives, am I guaranteed an opportunity for performance fees?
There is no secondary review or consistency requirement.If you successfully meet all the specified trading objectives within the designated time frame and do not violate any rules, you will pass the assessment, receiving a Qualified Analyst account, thus providing access to the earning of performance fees.
Which broker do we use to provide the simulated accounts?
We exclusively use Taurex, a 3rd party Brokerage.Taurex provides us with the capability to offer a Simulated Institutional environment in order to undertake your assessment with Propel Capital Group.Taurex offer our traders an assessment environment which replicates:
Extensive Institutional Trading Experience
Prime or Prime Liquidity
Ultra-low latency
Targeted execution time of less than 30ms
Raw spreads starting from 0.1
Commission-free trading
Offerings in FX, Indices, and Commodities.
Performance fee payment methods?
Performance fees are available exclusively to qualified traders who are onboarded as external analysts. These fees can be received through three different options.
Rise –https://www.riseworks.io/
Wise –https://wise.com/
WIRE (Bank Transfer)
Using these methods, you will receive an 80% profit share generated from account activities, designated as a performance fee. In order to qualify for this entitlement, it is crucial to maintain adherence with the trading rules and requirements specified for the account. To initiate performance fee withdrawal requests, submission should be made via your dashboard profile.
Third Party Payments
We want to stress that we do not accept payments made through third-party cards or accounts. All transactions for assessment purchases and account trading must be made in the name of the cardholder. During the onboarding process for qualified trader accounts, we will cross-verify the name on the payment card with the KYC (Know Your Customer) profile to ensure that both are the same. This measure is taken to prevent credit card fraud and maintain the integrity of our platform. Please note we will NOT process refunds if you fail this check by using a third party card.
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