You can purchase as many challenges as you desire provided it does not exceed more than $200,000 of funding for 1 Step Challenges and $100,000 of funding for 2 Step ChallengesWe are not qualified to give you tax advice especially because each countries rules and regulations are different. We do suggest you hire a qualified expert who can advise you.

You can purchase as many challenges as you desire provided it does not exceed more than $200,000 of funding for 1 Step Challenges and $100,000 of funding for 2 Step Challenges.

No. There are no profit targets on a live account.

No. You cannot withdraw profits on this phase. The purpose of the evaluation is for us to make sure that you are a consistent trader without any capital risk.

Each account is restricted to one IP address. If you have more than one IP address logging into your account it will violate our terms and conditions and as such it is not permitted.

Copy trading is not allowed. It’s when the same trades or similar trades are taken between you and other traders who have trading accounts with Institutional Prop or other prop firms.

No, we do not allow news trading at Institutional Prop.
We define news trading as any trade opened or closed within five (5) minutes before or five (5) minutes after any major high impact news event.

If a trade is opened outside of this window, you can leave the trade open subject to the position not being closed within five (5) minutes before/after news.
High impact News events are classified as any “red folder” in the Forex Factory calendar. https://www.forexfactory.com/calendar/.

Yes. Overnight trade holding is allowed, but their will be swap charges as per standard rule.

Institutional Prop Challenge accounts are automatically disabled after 30 days of inactivity from the date of issue by the broker which would be your purchase date.

To avoid your account from being disabled please log into your account at least once every 30 days to avoid the account from being disabled.

All accounts on Institutional Prop are simulated funds. Even when you become a funded trader, we will provide a simulated account with virtual funds.

This account will be connected to our master live account that places trades in the live market using copy trading software.

Providing a simulated account is not only a way to help us better our risk tolerance, but it also is an industry-standard when it comes to the issuance of funded accounts. We expect funded traders to trade and manage their accounts as if they were live accounts.

Note:
Hypothetical or simulated performance results have certain limitations. Unlike an actual performance record, simulated results do not represent actual trading. Also, because the trades have not actually been executed, the results may have under-or-over compensated for the impact, if any, of certain market factors, such as lack of liquidity. Simulated trading programs, in general, are also subject to the fact that they are designed with the benefit of hindsight. No representation is being made that any account will or is likely to achieve profit or losses similar to those shown.

You need to trade for a minimum of 15 trading days.

You are eligible to apply for your first withdrawal 30 normal days after you received your trading account.

1 Step Challenge

You need to trade for a minimum of 10 trading days.

You are eligible to apply for your second withdrawal 15 normal days after your first withdrawal was approved / declined.

2 Step Challenge

You need to trade for a minimum of 5 trading days.

You are eligible to apply for your second withdrawal 15 normal days after your first withdrawal was approved / declined.

You will receive an email stating the reason your account was breached. You won’t be able to login to the same trading account until you purchase a new challenge.

The firm reserves the right to reject a payout in its entirety or reduce the payout amount depending on the severity of the violations.

It is crucial to acknowledge that the examples outlined above serve an illustrative purpose, aiming to elucidate general concepts related to each violation.
This list is not exhaustive, and the scenarios leading to violations can manifest in diverse ways. Traders should understand that risk management policies cover a wide spectrum of behaviors, and adherence to ethical trading practices is paramount.

While the provided examples offer guidance on potential violations, they do not circumscribe the scope of actions that may breach risk management guidelines. Traders are strongly advised to meticulously review the specific risk management and strike policy of the trading platform, gaining a comprehensive understanding of acceptable practices and consequences.

Our risk management and strike policy establish a transparent framework dedicated to upholding a responsible trading environment on our platform. We underscore the significance of embracing responsible trading practices for the sustained success of our traders.

In order to request a payout from your Institutional Prop Funded account, you must be in profit with a minimum of 1% of your account size.

Example:

If you purchase a $5000 One phase challenge you would need to earn 1% of the account size which is $50 before you apply for a withdrawal of minimum $50.

Or

If you purchase a $100,000 One phase challenge you would need to earn 1% of the account size which is $1000 before you apply for a withdrawal of minimum $1000.

1 Step Challenge
In order to pass the one step Institutional Prop challenge, you need to have met the following conditions:

• Made 10% of the initial virtual balance.
• Traded a minimum of 5 sim days.
• Not violated either the daily or max virtual drawdown rule.

If the above conditions have been met you will then be able to advance to the funded stage.

Credentials are automatically sent via email within 24 hours.

2 Step Challenge
In order to pass the two step Institutional Prop challenge, you need to have met the following conditions:

• First Step: Earn 10% of the initial virtual balance  
• Second Step: Earn 5% of the initial virtual balance  
• Traded a minimum of 5 sim days.
• Not violated either the virtual daily or max drawdown rule

If the above conditions have been met you will then be able to advance to the Institutional Prop Challenge funded stage.

In order to request a payout from your Institutional Prop Funded account, you must not only be eligible for a payout but must also submit a request from your trader’s dashboard.

Please note that in order to be eligible for a payout you must meet the following conditions:

First Payout Request

• 30 days from the first trade on the account.
• No active trades on the account.

Subsequent Payout Requests

• 14 days from the first trade after the last payout on the account.
• No active trades on the account.

Payout Methods

• Cryptocurrency.

Payouts will be processed within 1-2 business days after we have received confirmation from the
trader regarding their payout amount and details.

Note that you will be responsible for any transaction fees from processing your payout.

Your account will also be placed on read-only until your payout has been completed.

Payouts will only be made to accounts that have fully verified their KYC via our verification partner.

Note that under no circumstance will you be eligible for a payout if you breach your funded account regardless of the profitability of the funded account.

Max Overall Simulated Drawdown 

1 Step Challenge

8% Of the initial account balance.

2 Step Challenge

10% Of the initial account balance.

1 Step Challenge
You are allowed to use EA’s and indicators, including tools for managing risk and automated trading systems.

2 Step Challenge And Funded Account

EA’s, algo’s or bots are not allowed. If you use them your account will be breached or your withdrawal will be disallowed.

Certain strategies are strictly prohibited in the two phase challenge and funded stage:

• High-frequency trading (manually or using a bot)
• Hedge arbitrage trading
• Tick scalping
• Grid trading
• Martingale
• One-sided betting
• Latency arbitrage trading
• Reverse arbitrage trading
• Copying trades from other traders
• Data feed manipulation
• Emulators

If any of these strategies are detected in your two phase or funded account, it will be considered a violation of the rules and Institutional Prop will terminate your account and ban your profile from future purchases.