About PropScholar
We do not engage in any illegal activities. Our focus is solely on assisting skilled traders in accessing prop firm challenges with discounts of up to 70%, making it highly affordable for traders. Join thousands of traders worldwide and take advantage of our unbeatable discounts! Unlock your trading potential with our support and embark on a successful trading journey. Start today and achieve your financial goals with unparalleled savings and opportunities!
Propscholar revolutionizes trading by making the process completely talent-based. Unlike traditional prop firms, it sponsors challenges with up to 70% discounts, making evaluations affordable and accessible, allowing traders to showcase their skills without worrying about costly entry fees
Currently, we are offering the state-of-the-art cTrader platform to ensure your smooth and efficient experience in trade execution. This powerful platform is designed to provide you with advanced trading tools, lightning-fast order processing, and a user-friendly interface, all aimed at optimizing your trading performance and success
We are here to provide our services to all the talented traders out there. If you are a profitable trader and can prove that you are a Master rather than a student, then Prop Scholar will sponsor you for the prop firm you have chosen. We allow traders from all around the globe. Join us and take your trading to the next level!
All our clients must be at least 18 years old
No discount on retrying the evaluation challenge , as prices are already discounted .
To get your prop firm account you need to -
Step - 1 : Purchase a prop firm challenge
Step - 2: Pass the evaluation phase of the prop firm you have selected
Step - 3: Congratulations ! You have got your dream prop firm challenge
We do not offer a free retry. You may take all the time you need to reach your profit target. Remember, there's no need for stress or to rush. Take your time and trade at your own pace
After your payment , within 12 hours you would receive a mail from us where you would be provided with the Gmail and Password of the Prop Firm account through which you would be able to login to the dashboard and there you would have the credentials of your account
Evaluation
You can trade Forex, Crypto, Indices, Metals & Energies with RAW spreads. Forex and Metals have a 0$ commission per lot. Crypto, Indices, and Oil are commission-free. The leverage depends on the evaluation model you choose
The Maximum Loss Limit is the amount your equity or balance can't go below. This rule is set to % of each model of the initial account size. For example, if you have a $100.000 account of 2-Step model and the Maximum Loss Limit is 10%, your equity or balance can't go below $90.000 at any moment
Example - You have chosen to go for a $100.000 account. The Maximum Loss Limit is 10% of the initial balance, which is $100.000 for this example, 2 Step Model example:
Maximum Loss = $100.000 * 10% = $10.000 Maximum Loss Limiit
This means your equity/balance can't go lower than $100.000 - $10.000 Maximum Loss Limit= $90.000
If your equity/balance goes below $$90.000 at any specific moment in time, your
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The Maximum Daily Loss is the amount you are allowed to lose daily. This rule will use a higher value between equity and balance. This rule is set as a % of every day's starting equity or balance. The rule states that the equity of the day, which is the result of the currently floating PnL (Profit and Loss) in sum with all closed positions of that day, must not hit the Maximum Daily Loss Limit. The daily maximum loss resets at 00:00 AM UTC server every day
- The utilization of a stop loss is not required during trades in the evaluation phases neither the master account. The primary rules dictate the attainment of profit targets, while also adhering to the maximum daily loss limit and the maximum overall loss limit
- Using a stop loss is up to you, but it's a good idea for responsible trading and risk management
If you breach any trading objective, all your open trades will be closed, and your limit and stop orders will be canceled. Your account will then be switched to view-only mode. Our website's dashboard will clearly indicate which trading objective(s) you breached and when it occurred. Additionally, we will promptly notify you via email upon detecting any breach of a trading objective
You cannot copy trades between two Prop Scholar accounts. However, you can copy trades from a Prop Scholar account to other master accounts. This means that while trades can be shared from a Prop Scholar account to other trader accounts, direct copying between two Prop Scholar accounts is not supported
If any trading account remains inactive for 14 days, meaning no trades have been placed, it will be automatically suspended. This ensures active management and security of all accounts
Yes , news trading is allowed in propscholar evaluation account
During our evaluation stage, we have no restrictions regarding holding over the weekend Know More
Leverages we offer on different instruments -
Forex - 1:100
Indices - 1:20
Metals - 1:30
Oil - 1:10
Crypto - 1:2
The Consistency Rule requires that no single trading day’s profit exceed 45% of total profit during the evaluation period. It promotes balanced, disciplined trading, encourages gradual gains, and enhances long-term success by prioritizing stability over short-term gains
We offer two types of evaluation phase -
- 1- Step Evaluation
- 2- Step Evaluation
You are free to choose whichever evaluation phase suits your style of trading
.Trading objective in different evaluation system -
1- Step Evaluation
- Profit Target - 10%
- Daily Drawdown - 3% ( Balance Based )
- Max Drawdown - 6%
- Minimum Trading Days - 3 Days
2 - Step Evaluation
- Profit Target ( Phase 1) - 8%
- Profit Target ( Phase 2) - 5%
- Daily Drawdown - 4% ( Balance Based )
- Max Drawdown - 8%
- Minimum Trading Days - 3 Days ( Each Phase )
Post Challenge
No, PropScholar does not take any profit split. All the profits you make from the account are entirely yours, with no extra charges or deductions from PropScholar.
No, there is no difference. The account you receive after passing the PropScholar evaluation has the same conditions, rules, and performance as an account purchased directly from the prop firm.
Yes, after we purchase the account for you, it belongs 100% to you. PropScholar holds no rights to the account, giving you complete autonomy to manage it as you see fit.
No, PropScholar is committed to transparency. There are no hidden fees or additional charges on your profits beyond the standard fees charged by the prop firm itself.
PropScholar offers a cost-effective way to enter prop firm challenges through our evaluation process. Once you pass, you receive a fully owned prop firm account without profit splits or hidden fees. This approach makes it easier for skilled traders to access top-tier prop firm opportunities.
Important Trading Terms
Slippage occurs in trading when the desired price of an order is not achieved due to rapid market fluctuations or delays in order execution. It can result in a trade being executed at a price different from the one expected. Slippage can occur in both directions, causing you to either gain or lose more than anticipated
Slippage is common during periods of high market volatility or low liquidity, such as major news releases or market opening times.
Slippage Example:
Let's say you're trading a popular currency pair, EUR/USD, and you've placed a market order to sell 1 lot (100,000 units) at a take profit (TP) level of 1.1000 and a stop loss (SL) level of 1.1050.
Expected Outcome: You expect to exit the trade with a profit if the price reaches 1.1000 and to limit your loss if the price hits 1.1050.
Market Conditions: However, the forex market is known for its fast-moving nature, especially during economic releases. Just as your trade is about to be executed, a significant economic report is released, causing sudden volatility in the market.
Slippage Impact on Take Profit: Due to the rapid market movement, your take profit order gets executed, but not at the expected 1.1000 level. Instead, it's executed at 1.0995. As a result, you secure a profit, but it's slightly less than what you initially aimed for
Slippage Impact on Stop Loss: Similarly, your stop loss order is triggered, but not precisely at 1.1050. It gets executed at 1.1055 While your risk is still managed, the loss is slightly larger than your original stop loss level
In this scenario, slippage affected both your take profit and stop loss orders. It's important for traders to be aware of slippage and consider it when setting their trade parameters to account for potential variations in execution prices, especially during volatile market conditions
Within our trading environment, although simulated, it accurately mirrors live market conditions
The ask price is the lowest price a seller is willing to accept for an asset, while the bid price is the highest price a buyer is willing to pay. The difference between these two is called the spread, which reflects market liquidity and transaction costs.
Swap, also known as "rollover" or "overnight interest," is the interest rate differential between two currencies in a currency pair. When you hold a position overnight in the Forex market, you either pay or receive a swap depending on the direction of your trade and the interest rate differential between the two currencies.
Triple Swap: Triple swap refers to the additional interest rate charged or earned when holding a position over the weekend. It takes into account the interest rate differentials for the weekend, which may differ from weekday rates. Triple swaps are typically applied on Wednesday to account for the weekend.
Rollover Period: The rollover period is the time at which trades are rolled over from one trading day to the next. In the Forex market. During the rollover period, swaps are calculated and applied to open positions held overnight
Spread serves as a vital metric in the forex market, illustrating the disparity between the buying and selling prices for a currency pair. It is expressed in pips, which is the smallest price move that a given exchange rate can make based on market convention.
For instance, if the EUR/USD currency pair has a bid price of 1.1500 and an ask price of 1.1502, the spread would be 2 pips. This means that traders would need the currency pair's value to appreciate by at least 2 pips before they can begin to realize a profit from their trade due to this cost.
Understanding the spread is crucial for traders, as it directly impacts profitability. A narrower spread can be advantageous as it reduces the breakeven level for trades, while wider spreads can increase costs and potentially diminish profits. Therefore, monitoring and considering the spread, along with other factors, is essential for devising effective trading strategies and optimizing outcomes in the forex market.
The relationship between roll over and spreads is interlinked. During periods of high market volatility or low liquidity, spreads tend to widen. This widening is a reflection of the market's perception of increased risk and uncertainty. When spreads widen, the cost of executing a trade can also increase.
cTrader
cTrader's GUI is exceptionally user-friendly, designed to enhance your trading experience with its intuitive interface and seamless navigation. With execution speeds as fast as 0.01 seconds, you can be assured of quick and efficient order processing, ensuring you never miss an opportunity in the fast-paced trading environment. The platform's accurate and reliable charts provide detailed and precise market analysis, allowing you to make informed trading decisions with confidence. This combination of speed, accuracy, and ease of use creates a smooth and glitch-free trading experience, empowering our traders to perform at their best.
We offer a remarkably tight spread fluctuating between 0.1 to 0.3, providing our traders with a distinct advantage in the marketplace. This minimal spread ensures that traders can place their orders with greater precision, optimizing their entry and exit points for maximum profitability. By minimizing the cost of each trade, our tight spreads allow traders to retain more of their profits and reduce the overall impact of transaction costs on their trading performance. This high level of precision and cost efficiency is particularly beneficial for those engaging in high-frequency trading or scalping strategies, where even the smallest variations in spreads can significantly affect the outcome. Our commitment to offering such competitive spreads demonstrates our dedication to creating an optimal trading environment, empowering our traders to execute their strategies with confidence and achieve their financial goals more effectively.
You can use EA freely to place your trades .
Payment & Purchase
- Choose the challenge you want to purchase - Add to Card - Pay.
- We offer the option to pay for a account using credit card & cryptocurrency & UPI.
- Yes you can use anybody's card and pay for the challenge.
We accept payments for challenge fees through various methods, including cryptocurrency, Razorpay, and Stripe. Feel free to choose any of these convenient options to complete your payment.
To pay with cryptocurrency Buy Now > Pay With Crypto > Fill the form > Pay on the address given > Mail the Invoice > Ready to GO !
Yes, PropScholar accepts payments via popular UPI apps such as Paytm, PhonePe, Google Pay, BHIM, Amazon Pay, and Mobikwik for a secure and seamless transaction experience.
To pay via UPI, join our Discord community, open a support ticket, and inform the moderator about your chosen product. The moderator will guide you through the process and provide an invoice for UPI payment.
No, PropScholar does not charge any extra fees for UPI transactions. The amount you see is the amount you pay.
Yes, but ensure the payment details match the order information to avoid processing delays.
You’ll receive all the necessary details in your registered email. You can also track your purchases from your PropScholar dashboard.
Yes, PropScholar accepts payments via popular UPI apps such as Paytm, PhonePe, Google Pay, BHIM, Amazon Pay, and Mobikwik for a secure and seamless transaction experience.