The First Cryptocurrency Traders
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PropTürk Rules
Users, after selecting their desired account and purchasing its subscription, will participate in a challenge. Traders must trade in two steps within the challenge account and reach the predetermined targets without violating the rules.
In other words, traders must reach their desired targets in demo accounts provided by the company, fully complying with the rules, to proceed to the next step.
Each step of the challenge has four conditions, and if any one of these conditions is violated, the challenge will be closed.
The conditions of the challenges are as follows:
- A minimum of 5 trading days is required in each steps.
- The target for each step is 10%.
- The maximum daily drawdown in each step of the challenge is 5%.
- The maximum overall drawdown in each step of the challenge is 10%.
| Step1 | Step 2 | Real account | |
| Minimum Trading Days | 5 | 5 | – |
| Daily drawdown | 5% | 5% | 5% |
| Total drawdown | 10% | 10% | 10% |
| Step Duration | 30 -days | 60 -days | – |
| profit | 10% | 10% | – |
If a trader fails to reach the desired profit within the allotted time in the first step of the challenge, they can utilize the challenge reset feature.
When resetting the challenge, a new account with the initial balance and a new deadline similar to the original account is provided to the trader.
Conditions for requesting a reset:
- The account should be in profit (the amount of profit doesn’t matter).
- No violations of the drawdown rules have occurred.
- Five trading days have been completed.
- The challenge deadline has ended.
- If the account is in profit at the end of the 30-day deadline of the first step of the challenge or after an extension, the account will be reset.
- The reset feature can only be used once.
- To reset your trading account, you need to submit a ticket through the system.
Extending is only possible in the first step of the challenge, and upon request, an additional 10 days are added to the challenge deadline. A trader can request an extension only once during the first step, and if they reset their account after extending, they cannot request another extension for a new account.
Conditions for Extension:
- The account should be in profit (the amount of profit doesn’t matter).
- No violations of the drawdown rules have occurred.
- Five trading days have been completed.
- The challenge deadline has ended.
• Traders can utilize any trading strategy.
• There are no restrictions on the timing or number of trades.
Violation of any of the above rules will result in the rejection of the trader’s challenge.
After successfully completing the first and second steps of the challenge, a trader can request a real account by submitting a ticket. There is no need to pay any additional fees for receiving a real account.
The chart displays various currency pairs and their corresponding prices based on the price charts of the futures market on the Binance exchange.
It is not possible to execute identical trades in different challenges, and if such activity is detected, the challenges will be disqualified.
- Frequent and Unjustified Increase in Trade Volume: If the trade volume is repeatedly increased without considering the account balance.
- Achieving 80% Profit Target with a Single Trade: If a trader achieves 80% of their profit target with just one trade.
If these behaviors are observed in a real (Real) account:
- Profits from risky trades will be removed, and only the remaining profits will be paid out.
- The trader’s account will be blocked and made inaccessible.
Traders in a real account can withdraw up to 80% of their account profits. Traders must submit a withdrawal request to receive their profits.
To submit a withdrawal request, there should be no open positions in the account.
Only users who have purchased the challenge are eligible to withdraw profits during the live account stage.
- A withdrawal request can be submitted after at least two weeks from the date of receiving the rael account.
- There should be a minimum of 5 trading days in the real account. (The rules regarding trading days are similar to the challenges.)
- The drawdown rules should not be violated; otherwise, the account will be closed.
- The trader must submit their withdrawal request through the platform.
If the rules of an account are violated, the account will expire, and the previous profits will not be withdrawable.
- The duration of each challenge is calculated after the opening of the first trade.
- The first step of the challenge lasts for 30 days, and the second step lasts for 60 days.
- The first step can end in a minimum of 5 trading days, and the second step can also end in 5 trading days.
After completing the first step, you can activate the second step of your challenge by submitting a ticket. To progress to the live mode and start the second step, you also need to submit a ticket.
The first step requires 5 trading days. After completing the trading days, you can request to proceed to the second step.
In the second step, you also need a minimum of 5 trading days to complete the challenge.
If a trader opens a trade on Wednesday and closes it on Friday, only one trading day will be counted, which is the day the trade was opened.
Thirty days are provided from the time the account is sent to start the challenge, and if the trader does not open their first trade within this 30-day period, the purchased challenge will expire.
After the end of the first step of the challenge, there are 10 days to submit a request for upgrading to the second step.
After entering the second step of the challenge, there are 10 days to open the first trade.
The profit target for the first step is 10%, and the profit target for the second step is also 10%.
After reaching the desired target in each step (with a minimum of 5 trading days in each step), inform the support team via a ticket.
The maximum drawdown is calculated based on the initial balance of the account, and its value is 10%. This means that the account’s drawdown is capped at 10% of the initial balance, and the balance or equity of the account should not exceed this. (If you have gained 2% profit in the account, your current drawdown is 12%).
The following actions must be submitted by the user through a ticket on the platform and will not be automatically processed:
- Transitioning from the first step of the challenge to receiving the second step of the challenge.
- Completing the second step of the challenge and receiving a real account.
- Resetting the challenge.
- Extending the challenge.
- Combining multiple real accounts.
- Withdrawing profits from a real account.
If you have open positions, you cannot submit any of these requests, and there must be no open positions to submit any of the above requests.
