The Proprietary (Prop) Trading Challenge System empowers you to effortlessly launch Prop Challenges as a new and innovative way to engage and retain clients. Successful traders can even access funded accounts, making it a compelling feature to attract and reward skilled traders. Join us in revolutionizing your business and capitalize on the latest trading trend! Our Prop Trading Challenge system is available to all MT4, MT5 and Fortex Brokers.

Here's an overview of the prop challenge structure:

You have the flexibility to configure multiple prop challenges for your clients to participate in. Within each challenge, you can customize the number of steps and choose whether each step unfolds in a demo environment with virtual funds or in a live environment with a fully funded trading account. The challenge's complexity increases with the number of steps, providing clients with a progressively challenging experience before reaching the live funded stage.

Additionally, you can set parameters such as profit targets, maximum drawdown, and more for each prop challenge. This customizable approach enables you to finely adjust the difficulty level and progression within your trading challenges.

Furthermore, prop challenges can be categorized into different challenge types. These challenge types serve as keywords for your clients, allowing them to filter and refine their search to find the most suitable prop challenge for their needs.

1. To view your prop challenges, navigate to the Challenge Settings menu.
2. By default, the challenges are displayed in List View, offering a clear and organized list of all prop challenges.
3. If you prefer a more visual presentation, you can switch to Card View by selecting the 'Card' option. This will instantly transform the display into visually appealing cards for each challenge.
4. Additionally, you can customize the arrangement of challenges to create a personalized viewing experience. Simply click and drag a challenge to reorder it according to your preferences, making it easy to highlight the challenges that matter most to you.

The Prop Trading system is organized into the following sections:

• Dashboard: Experience visibility into your prop trading operations, including financial metrics, participant engagement, and trader success rates.

• Challenge Settings: Configure and customize your prop challenges by setting the parameters and rules.

• Participants: Access detailed information about registered participants and monitor their progress in the challenges.

• Reports: Generate comprehensive reports on challenge statistics, including trade history, commission payouts, and profit-sharing distribution.

You can easily navigate between these sections using the side navigation menu.

1. Permission Settings

To view the Prop Challenge Dashboard, you will need to enable the respective permissions:

2. Prop Challenge Dashboard Insights

Once the respective permissions are enabled, you can access the "Dashboard" in the side menu. Click on it to view the Prop Challenge Dashboard.

The Prop Challenge Dashboard includes the following:

1. Financial Overview

2. Participants Statistics

3. Challenge Performance Statistics

On the Prop Challenge Dashboard, you can tailor the insights to your needs by filtering the chart based on challenge status and time frame.

3. Financial Overview

1. The financial overview chart provides a detailed snapshot of your prop business's financial performance, including key metrics such as profit, loss, profit-sharing payouts, participation fees, and the total funded amount.

   1. Broker's Profit = Total trading profit – total profit sharing paid to traders

   2. Broker's Loss = Equity at the time of challenge failure - Initial Amount

   3. Profit Sharing Payout = Total amount of profit sharing paid out to traders

   4. Participation Fee = Total participation fee collected from trader

   5. Total Funded Amount = Total funded amount of trading accounts
2. The financial overview chart exclusively displays data from prop challenge stages where profit-sharing is enabled. If profit-sharing is not enabled, the corresponding data will neither be calculated nor shown.

3. Hover your cursor over the chart to view detailed insights for each prop challenge.
4. Tooltips have been added to the chart legend to provide further clarity on the figures. Simply hover over the "?" icon for explanations.

4. Participants Statistics

1. The Participants Statistics charts provide a comprehensive view of your prop challenges' participant data, including key metrics such as unique participation, total challenges purchased, and the participation fees collected.

2. Participant statistics include:

   • Unique Participation: The total number of distinct clients participating in challenges. Clients participating in multiple challenges are counted once.

   • Purchased Challenges: The total number of challenges purchased, including multiple purchases by the same client.

   • Participation Fee: The total participation fee collected.
3. You can toggle between Daily or Monthly data using the dropdown menu, allowing you to adjust the chart’s time frame to suit your analysis.

   • Selecting Daily will display data on a daily basis, giving you a detailed, day-by-day breakdown of participant statistics.

   • Choosing Monthly will show statistics summarized by month, providing a broader view of trends over time.
4. Each chart comes with an expand or collapse feature, allowing you to adjust the display based on your needs.

   1. By clicking the expand icon, you can enlarge the chart to focus on detailed data.
   2. Conversely, you can click the collapse icon to minimizes the chart, giving you a more streamlined view of the dashboard.
5. Hover over the chart to view detailed insights for each prop challenge.
6. Below the charts, you will find the Legend Filter with quick access buttons to help you refine your data:

   • Select All: Displays all challenges.

   • Unselect All: Hides all challenges.

   • Ongoing Only: Shows only ongoing challenges.

   • Terminated Only: Shows only terminated challenges.
7. Additionally, below the quick access buttons, you will see a list of prop challenges.

   1. You can select or unselect individual challenges to show or hide their data.

   2. Greyed-out challenges are hidden, while colored challenges are currently displayed on the chart.
   3. To quickly find a specific challenge, use the search function to type the name of the challenge you wish to display or hide.

5. Challenge Performance Statistics

1. This chart displays the success and failure rates of your prop challenges across their various stages.

2. You can select which prop challenge you would like to view performance statistics for by choosing it from the dropdown menu.

3. The statistics are divided into two charts:

   • Successful Participants: Participants who successfully passed the challenge.

   • Unsuccessful Participants: Participants who failed to pass the challenge.

To start using the Prop Trading System, you will need to install it via the CRM marketplace and provide the respective permissions. To do so, follow these steps:

A) Creating A New Challenge

To create a new prop challenge, follow these steps:

B) Challenge Types

1. Challenge types are displayed as keywords, enabling your clients to easily browse and filter prop challenges.

2. To add a new challenge type:

   • Enter the desired type in the dropdown menu and press Enter.
   • Ensure that the challenge type is filled in all relevant languages.
3. Once created, the new challenge type will appear in the dropdown list and can be assigned to other challenges.

4. Your clients can select a challenge type, and the relevant list of challenges associated with it will be displayed.

C) Challenge Parameter Definitions

Below are the definitions for various parameters used in setting up prop trading challenges:

D) Participation Fee Commission

You can set up two different commission structures: Level Structure and Rank Structure.

For Level Structure:

1. Add the number of levels for commission payouts by clicking the "Add" icon.
2. Enter the commission amount.

3. If "Include Challenger" is selected, the first level defaults to the challenger.
4. To set up overriding commission and same rank bonus, you will need to select a "Rank Structure."

5. Set up overriding commission and same rank bonus under the respective tabs.

For Rank Structure:

1. The tiers for the selected rank structure will be displayed automatically.

2. Enter the commission amount for each tier.

3. Configure overriding and same rank commission accordingly.

E) Challenge Allocation Across Client Groups

You have the flexibility to assign different challenges and packages to specific client groups, tailoring offerings to their unique business requirements. Assigned client groups gain visibility of the challenge and packages, while unassigned groups won't have access.

• All client groups will be automatically selected by default for existing challenges and packages.

• Modifying assigned client groups is possible even after the challenge has commenced.

• Existing challengers can still view and participate in the challenge, even if they are not part of the assigned client groups. However, upon completion or full failure of the challenge, participants will no longer have visibility of the challenge.

To assign a challenge/package to client groups:

1. Locate the challenge/package and click the "Client Groups" icon.
2. Select the client groups where the challenge and package will be visible.

3. Click "Save."

If a challenge or package does not have any assigned client group, an "!" icon will remind you to make an assignment.

F) Duplicating Prop Challenges

You can also efficiently create new challenges by duplicating existing ones, saving time on repetitive data entry. To duplicate prop challenges, follow the steps below:

1. Locate the prop challenge you want to duplicate and click the "Duplicate Challenge" icon.
2. The challenge will be duplicated, and "-copy" will be appended to the challenge name to indicate it as a duplicate.

3. The duplicated challenge will be automatically saved as a draft.
4. You can then proceed to edit and publish the prop challenge as needed.

G) Calculation Logic for Maximum Daily Loss and Maximum Loss

A) Maximum Daily Loss

1. The CRM compares the latest obtained equity with the equity at the end of the previous day to determine if the trader has reached the maximum daily loss threshold.

2. Challenge fails when: Latest Equity - Previous Day Equity ≤ - Maximum Daily Loss

For Example:

Initial Equity: $10,000

Maximum Daily Loss = 5% x $10,000 = $500

B) Maximum Loss

1. The CRM compares the latest obtained equity with the initial equity to determine if the trader has reached the maximum loss threshold.

2. Challenge fails when: Latest Equity - Initial Equity ≤ - Maximum Loss

For Example: Initial Equity: $10,000

Maximum Loss = 10% x $10,000 = $1,000

A) Profit Sharing Policies

1. Profit sharing distribution enables you to disburse a percentage of your challengers' trading Profit and Loss (PNL) to both the challenger and their uplines.

2. Profit sharing will not be distributed if the challengers' PNL is negative.

3. Profit Sharing Disbursement Steps:

   • Profit Sharing Settlement: The system calculates the profit sharing amount to be paid out. Once this is completed, the challenger's trading account balance will be reset to the initial funding amount. For example, if a challenger profits $10,000 and profit sharing is distributed, the trading account balance will be reset to the initial funding balance.

   • Profit Sharing Payout: The calculated profit sharing amount is distributed to the challenger's CRM wallet.

4. Profit Sharing Settlement Periods:

   • Every Fixed Number of Days: For instance, if set to 5 days, profit sharing distribution will occur every 5 days. If a challenger successfully passes a stage on January 10, the profit sharing distribution will occur on January 15.

   • On a Specific Day of the Month: For example, if set for the 25th of the month, profit sharing distribution will occur on the 25th of every month.

   • Manual: Profit sharing settlements will only be triggered manually by you. However, the system will automatically initiate profit sharing settlement when a trader passes or fails a challenge.

5. Profit Sharing Methods

   • Manual Distribution: Requires manual review and approval before the profit sharing amount is distributed to the recipients' wallets.

   • Automatic Distribution: The system automatically distributes the profit sharing amount to the intended recipients' wallets without manual intervention.

6. Profit Sharing to Uplines:

   Define which client types are eligible to receive profit sharing distribution (Traders or IBs). If selecting all clients, profit sharing will be paid out to uplines regardless of their client type. Choosing only "IBs" means that only uplines who are IBs will receive profit sharing, and uplines categorized as "Traders" will not receive any profit sharing.

B) Manual Trigger for Profit Sharing Distribution

You can manually initiate profit sharing settlement outside the scheduled settlement period. Do note that manual triggering of profit sharing is not possible if the challenger has open positions.

To manually trigger profit sharing distribution, follow these steps:

1. Navigate to Participants.

2. Locate the specific challenger for profit sharing settlement and click the "Profit Sharing" icon.
3. A popup notice will appear for your confirmation. Click "Confirm" to proceed with the settlement.
4. You can manually trigger profit sharing for each challenger only once a day. If you've already initiated the process on a given day, an error message will appear to notify you that it has already been completed.

1. You have the capability to terminate ongoing challenges or delete upcoming and concluded challenges.

2. Challenges can be deleted if they are upcoming or have already ended. Deleting challenges will remove them fully from the CRM.

3. If a challenge is currently ongoing, a terminate icon will be visible instead of a delete icon. Terminating a challenge ensures it is no longer visible to clients, yet participants will still have access until their challenge concludes. Once there are no active participants, you can proceed to delete the challenge.

A) Deleting Challenges

To delete a challenge, follow these steps:

B) Terminating Challenges

To terminate a challenge, follow these steps:

To participate in Prop Challenges, follow these steps:

You can safeguard your challenge setup progress by saving challenge edits as drafts. This allows you to seamlessly resume your work at your convenience, ensuring no data is lost in the process. When ready, effortlessly publish your finalized and verified challenges.

Edit Prop Challenges

To edit your prop challenges, follow these steps:

Cancel Prop Challenge Drafts

You can easily cancel and delete drafts that are outdated or no long required. To do so, follow these steps:

1. Participants Report

You can view participant details and their respective challenge progress through the Participants section in the side menu.

You will be able to see the names of participating clients, the selected challenges, their current progress within the challenge, their trading account number and many more:

• Equity - Updated at every 10-minute interval.

• Max Daily Loss Progress Bar - Updated at every 10-minute interval.

• Max Loss Progress Bar - Updated at every 10-minute interval.

• Profit Target Progress Bar - Updated on a daily basis.

You can also refine your search by selecting a specific challenge from the dropdown menu provided.

2. Participant Details

To delve deeper into a specific participant's details, simply click on the "View" icon.

You'll be directed to a detailed page offering an overview of the participant's progress. Here, you can also access profit sharing and trade history reports for the participant.

3. Data Type Functionality

You can tag your prop traders as "Real" or "Demo" to ensure your Prop Challenge Dashboard reflects only live client data, providing cleaner and more actionable insights for effective decision-making.

In the Reports tab, you can access a range of prop trading reports, such as trade history, commission payouts and profit sharing reports.

You can easily switch between reports using the dropdown menu provided.

Similarly, refine your search by selecting specific challenges for which you wish to view the reports.