How to Setup Your Prop Broker (Full)
Prop Trading Back Office User Guide
  • How To Setup Your Prop Broker
  • 1. Branding Setup
    • Domain Settings
    • Brand Settings
    • Login Page Configuration
    • Navigation Settings
  • 2. User & Role Management
    • Role Management
    • User Management
  • 3. Client Onboarding Process
    • Registration Form
    • Onboarding Flow
    • KYC Policies
    • Client Registration Process
    • Client KYC Process
  • 4. Client Group Settings
    • Client Groups
    • Sensitive Fields
  • 5. Referral Program Settings
    • Referral Program Banner
  • 6. Deposit Settings
    • Deposit Account Settings
    • Payment Method Settings
    • Payment Gateway Icon
    • PSP Settings
  • 7. Withdrawal Settings
    • Withdrawal Account Settings
    • Withdrawal Method Settings
    • Match2Pay Withdrawal
  • 8. Trading Platform Settings
    • Synchronization with CRM
  • 9. IB Commission Settings
    • Ranks
    • Symbol Groups
    • Rule Settings
    • Fixed Commission Scheme
    • Flexible Commission Scheme
    • Commission Calculations
  • 10. Email Settings
    • Email Provider
    • Notification Templates
  • 11. Approval Settings
    • Types of Approval Methods
    • Approval Method Settings
    • Multi-Level Approval
  • 12. Promotional Link Settings
    • Creating Promotional Links
    • Sharing Promotional Links
    • Viewing Performance Analytics of Promotional Links
    • Application of Promotional Links
  • 13. Prop Trading Settings
    • Marketplace Installation & Permission Settings
    • Prop Challenge Structure
    • Prop Challenge Menus
    • Prop Challenge Dashboard
    • Viewing Prop Challenges
    • Setting Up Prop Challenges
    • Editing Prop Challenge Settings
    • Deleting Prop Challenges
    • Participants
    • Challenge Statistics
    • Profit Sharing
    • Participating in Prop Challenges
    • Prop Trading Challenges
  • 14. Coupons & Promo Codes
    • Marketplace Installation & Permission Settings
    • Coupons
    • Promo Codes
  • 15. Go Live
  • 16. Other Functionalities
Powered by GitBook
On this page
  1. 13. Prop Trading Settings

Prop Trading Challenges

PreviousParticipating in Prop ChallengesNext14. Coupons & Promo Codes

Last updated 9 months ago

Prop Challenge Progress
  1. During the Prop Challenge, your clients can track their progress by clicking onto the respective challenge.

  2. There will be three main tabs displayed:

    • Overview

    • Profit Sharing

    • Trade History

  3. Overview

    • Under the Overview tab, your clients can gain a comprehensive view of their prop challenge statistics, including profit targets, maximum losses, and more.

      1. Max loss and max daily loss are updated every 10 minutes.

      2. The rest of the data are updated once a day.

    • Additionally, they can access their account information, encompassing:

      1. Start Date: Marks the challenge's initiation, signaling when your client received their trading account credentials.

      2. End Date: Indicates the challenge's conclusion. If ongoing, "N/A" will be displayed.

      3. Initial Balance: Represents the starting balance of the trading account.

      4. Current Stage: Identifies the current stage of the challenge.

      5. Status: Depicts the challenge status, such as failed, in progress, completed, and so forth.

    • Your clients can also view a graph illustrating the fluctuations in your balance and equity over time.

    • Furthermore, your clients have the option to select the trading accounts they wish to view details for. If they have progressed to the second stage, they can still access their stage 1 details by selecting the corresponding trading accounts.

  4. Profit Sharing - your clients can view the amount they receive from profit sharing and their respective payout status.

  5. Trade History - Your clients can access a record of the trades they have executed for the challenge, along with their respective details.

  6. For challenges that are currently "Pending Approval", no data will be displayed until the challenge request is approved.

Passing The Challenge
  1. Upon passing a prop trading stage, the existing prop trading account is disabled.

  2. The challenge status will be updated to "Completed" and the end date will be reflected as well.

  3. The process depends on your approval settings.

  1. Automatic: Trading account credentials are automatically created and sent to the client.

  1. Manual:

    • You will need to approve the request from the CRM Back Office.

    • Once approved, your client will receive the new trading account credentials to start trading.

Failing The Challenge
  1. If clients fail the challenge, their trading accounts will be disabled, preventing further trading activity. The status will reflect as "Failed".

Refund of Participation Fee
  1. Enabling participation fee refunds means clients receive a refund of their registration fee if they make a profit in the live stage challenge.

  2. To qualify for a refund, the trader's profit percentage must be above 0.

  3. You can find refund details on the CRM Backoffice Portal under Reports > CRM Transactions.

  4. Clients can also check the CRM Client Portal under Funds > Transactions.

Retry Challenge
  1. If you have enabled the "free retry" option for the self-trading challenge, as long as the customer meets all the relevant conditions and their profit amount is positive, your customers can try the challenge again for free.

  2. Your clients won't get the "Retry" option if they hit the daily loss limits or overall loss limits.

  3. When your client qualifies for a free repeat, their trading account will be disabled and the status will display a "RETRY" button.

  4. To give the challenge another shot, your clients can simply click "RETRY".

  5. Upon resetting the challenge, you will be issued another trading account, and the status of the challenge will change to "In Progress".