
Based on looking at the website, ThePropVault.com appears to be a proprietary trading firm that offers funding opportunities to traders who pass their evaluation challenges.
The website describes various trading programs, including different drawdown challenges 8%, 10%, 12% and instant funded accounts, designed to provide capital to traders who demonstrate consistent profitability and adherence to risk management rules.
While the platform aims to provide a pathway for individuals to scale their trading careers, it’s important to approach such ventures with a clear understanding of the underlying financial principles.
From an ethical standpoint, engaging in speculative financial trading, particularly where elements of uncertainty and potential for quick, unearned gains are present, can raise concerns.
It’s crucial to distinguish between genuine, productive economic activity and speculative practices that might resemble gambling or lead to financial hardship if not managed with extreme caution and comprehensive knowledge.
It’s always advisable to consider safer, more predictable avenues for financial growth that align with ethical guidelines and prioritize stability and real value creation over high-risk, high-reward scenarios.
Find detailed reviews on Trustpilot, Reddit, and BBB.org, for software products you can also check Producthunt.
IMPORTANT: We have not personally tested this company’s services. This review is based solely on information provided by the company on their website. For independent, verified user experiences, please refer to trusted sources such as Trustpilot, Reddit, and BBB.org.
Thepropvault.com Cons
Proprietary trading, while offering significant capital access, comes with inherent risks and challenges.
Many firms operate on a challenge-based model where traders pay a fee to prove their skills, and there’s no guarantee of passing or getting funded.
This model can be a continuous loop of fees for those who struggle to meet stringent criteria, leading to a net loss of funds.
For instance, statistics show that a significant majority of retail traders, some estimates placing it as high as 70-90%, lose money in the long run.
When you add the layer of evaluation fees and specific rules to a prop firm, the success rate might be even lower. Civilwarghosts.com Reviews
High Barrier to Entry with Complex Rules
ThePropVault.com, like many prop firms, outlines numerous rules and conditions for its challenges and funded accounts. These aren’t just about making profit.
They encompass daily loss limits, maximum drawdown, consistency rules, news trading restrictions, and specific lot size requirements.
- Daily and Maximum Drawdown: These are critical thresholds. For example, a “Maximum Daily Loss of 5%” or “Maximum Loss of 8%” on an account means a small string of losses can terminate your challenge or funded account, regardless of previous gains. For a $100,000 account, a 5% daily loss means losing $5,000 in a single day results in a breach. Data from various trading platforms suggests that traders often underestimate the psychological impact of these limits, leading to impulsive decisions to recover losses, which frequently exacerbates the problem.
- Profit Consistency Rules: The platform mentions rules like “no singular trading setup can contribute more than 20% of your cumulative profits.” This is designed to prevent “lucky” trades from qualifying a trader, forcing a more consistent, diversified approach. While seemingly logical, it can stifle aggressive but well-researched strategies.
- Prohibited Strategies: ThePropVault.com explicitly bans “malicious practices” such as Martingale, Grid Trading, Arbitrage, Tick Scalping, and the use of Expert Advisors EAs to pass challenges. This means traders must rely solely on manual trading and adhere to very specific strategies. This limits the tools available to traders who might otherwise leverage automated systems for efficiency and discipline.
Financial Investment and Risk of Loss
Participating in these challenges requires an upfront payment, which is non-refundable if you fail.
This creates a financial risk even before you start trading with the firm’s capital.
- Non-Refundable Fees: The cost of challenges can range from tens to hundreds or even thousands of dollars depending on the account size. For example, a $100,000 Step 1 Challenge might cost $204.50. If you fail, that money is gone. Consider that if a trader attempts multiple challenges and fails each time, these fees can quickly accumulate, leading to significant personal financial loss without any actual trading profit.
- Psychological Pressure: The pressure to pass the challenge and avoid breaching rules can lead to emotional trading, which is a common pitfall. The fear of losing the initial fee and the opportunity to become funded can override rational decision-making, leading to poor trade executions.
Limited Control Over Trading Environment
While you’re trading with the firm’s capital, you’re doing so within their defined environment and under their rules. Thelostsocket.com Reviews
This means less autonomy than trading your own funds.
- Platform Restrictions: ThePropVault.com uses Platform5, which might be unfamiliar to some traders. Additionally, restrictions on EAs and specific trading hours e.g., no holding trades over the weekend due to auto-close at 3:45 PM EST on Fridays can impact a trader’s preferred style or strategy.
- News Trading Rules: For live funded accounts, trades must not be placed or closed within 2-3 minutes before or after high-impact news events. Violating this leads to profit deductions or account termination. This forces traders to avoid periods of high volatility, which can be profitable for some strategies, limiting their approach.
Thepropvault.com Pricing
ThePropVault.com offers various pricing tiers based on the account size and the type of challenge.
These challenges require an upfront payment that acts as a registration fee for the evaluation process.
The pricing structure is segmented into different drawdown percentages 8%, 10%, 12% and includes an “Instant Funded” option, each with its own cost and set of parameters.
Challenge Account Tiers
The pricing for challenge accounts scales with the desired funded amount, ranging from $10,000 up to $300,000. Each drawdown type has its own specific pricing. Boconcept.co.uk Reviews
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8% Drawdown Challenge:
- $10,000 account: $39.50 Step 1
- $100,000 account: $204.50 Step 1
- $300,000 account: $549.50 Step 1
These prices reflect the initial cost to enter the evaluation phase.
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10% Drawdown Challenge:
- $10,000 account: $44.50 Step 1
- $100,000 account: $214.50 Step 1
- $300,000 account: $524.50 Step 1
This challenge typically offers slightly higher flexibility in drawdown but comes at a slightly increased price point.
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12% Drawdown Challenge: Gjwtitmussltd.co.uk Reviews
- $10,000 account: $64.50 Step 1
- $100,000 account: $239.50 Step 1
- $300,000 account: $574.50 Step 1
This option provides the most leeway in terms of drawdown, making it potentially more attractive to traders with higher-risk strategies, but it’s also the most expensive challenge.
Instant Funded Accounts
The “Instant Funded” option bypasses the challenge phases, providing immediate access to a funded account, albeit with stricter rules around drawdown and a higher initial cost.
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Instant Funded Accounts:
- $10,000 account: $93.80
- $100,000 account: $419.30
- $200,000 account: $804.30
These accounts have a maximum daily loss of 3% and a maximum trailing drawdown of 6%, with a 1% risk per trading setup rule.
The immediate access comes with a higher price tag and a more stringent consistency rule 20% maximum profit from a single day. Mudguard.eu Reviews
Profit Split and Payouts
The ultimate goal for traders is to get a share of the profits.
ThePropVault.com offers a competitive profit split.
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Profit Split: The platform advertises a profit split of up to 95% for funded traders. This means for every $100 profit generated, the trader could theoretically keep $95. However, this is typically after reaching specific growth milestones e.g., Bronze, Silver, Gold, Platinum growth plans.
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Payout Frequency: Payouts vary depending on the growth plan.
- Initially, payouts might be requested after a 30-day period from the first trade on a funded account.
- Under the Bronze plan, it’s 10-day payouts.
- Silver plan offers 7-day payouts.
- Gold plan features 3-day payouts.
- Platinum plan provides same-day payouts.
These tiers incentivize long-term consistent trading and adherence to rules. Mypuritour.com Reviews
Thepropvault.com Alternatives
For those seeking to develop their skills or generate income in ways that align with ethical principles and focus on sustainable, real-world value, there are numerous alternatives to speculative trading prop firms.
These options emphasize building practical skills, offering services, or investing in tangible assets, leading to more predictable and beneficial outcomes.
Skill-Based Income Generation
Focusing on developing a marketable skill allows for direct control over your income and builds a valuable personal asset.
- Freelancing and Consulting:
- Description: Offer your expertise in areas like writing, graphic design, web development, digital marketing, or project management. Platforms like Upwork, Fiverr, and LinkedIn offer opportunities to connect with clients worldwide.
- Benefits:
- Direct control: You set your rates, choose your projects, and manage your workload.
- Skill development: Continuously refine your craft and learn new skills, increasing your market value.
- Real value: You’re providing a tangible service or product that solves a problem for a client.
- Example Data: A 2023 report by Freelancers Union found that 60% of freelancers saw an increase in demand for their services over the past year, with many earning higher hourly rates compared to traditional employment.
- Vocational Training and Trades:
- Description: Acquire skills in high-demand trades such as plumbing, electrical work, carpentry, HVAC, or automotive repair. These fields often require specialized training but offer stable, well-paying careers.
- Essential services: Trades are always in demand, providing job security.
- Tangible results: You see the direct impact of your work.
- Entrepreneurial potential: Many tradespeople eventually start their own successful businesses.
- Example Data: According to the U.S. Bureau of Labor Statistics, many skilled trades occupations are projected to grow faster than the average for all occupations, with median wages often exceeding the national average. For example, electricians earned a median annual wage of over $60,000 in 2022.
- Description: Acquire skills in high-demand trades such as plumbing, electrical work, carpentry, HVAC, or automotive repair. These fields often require specialized training but offer stable, well-paying careers.
Investing in Real Assets and Productive Enterprises
Instead of speculative financial instruments, consider investments that generate value through production, services, or rental income.
- Real Estate Investment:
- Description: Purchase properties to rent out, providing a steady income stream. This involves managing properties, finding tenants, and maintaining the asset.
- Passive income: Rental income can provide financial stability.
- Appreciation: Property values often increase over time, building wealth.
- Tangible asset: You own a physical asset that provides a real service shelter.
- Example Data: Historically, real estate has shown an average annual appreciation of 3-5%, with rental yields typically ranging from 3-10% depending on the market.
- Description: Purchase properties to rent out, providing a steady income stream. This involves managing properties, finding tenants, and maintaining the asset.
- Starting a Small Business:
- Description: Launch a business based on a passion or identified market need. This could be anything from an online store selling handcrafted goods to a local service business.
- Full control: You are the decision-maker, steering the direction of your venture.
- Direct impact: Your efforts directly contribute to the success of the business.
- Wealth creation: Building a successful business creates jobs and generates significant wealth.
- Example Data: Small businesses account for 99.9% of all U.S. businesses and have generated 62% of net new jobs since 1995. While challenging, the potential for growth and positive impact is immense.
- Description: Launch a business based on a passion or identified market need. This could be anything from an online store selling handcrafted goods to a local service business.
Continuous Learning and Education
Investing in your knowledge and skills, particularly in areas that have broad applicability, offers long-term benefits. Choicemodelmanagement.co.uk Reviews
- Online Courses and Certifications:
- Description: Enroll in reputable online courses or pursue certifications in fields like data science, cybersecurity, project management, or even advanced language skills.
- Career advancement: Acquire skills that are in high demand across various industries.
- Personal growth: Expand your intellectual horizons and problem-solving capabilities.
- Increased earning potential: Specialized skills often command higher salaries.
- Example Data: A 2022 survey by Coursera found that 87% of learners reported career benefits from completing online courses, including getting a new job, promotion, or pay raise.
- Description: Enroll in reputable online courses or pursue certifications in fields like data science, cybersecurity, project management, or even advanced language skills.
- Mentorship and Apprenticeships:
- Description: Seek out experienced professionals in a field you admire and learn directly from them. Apprenticeships offer hands-on training combined with structured learning.
- Practical experience: Gain real-world skills under expert guidance.
- Networking: Build valuable connections within your chosen industry.
- Accelerated learning: Avoid common pitfalls by learning from those who have already navigated the challenges.
- Description: Seek out experienced professionals in a field you admire and learn directly from them. Apprenticeships offer hands-on training combined with structured learning.
By focusing on these alternatives, individuals can build a robust foundation for financial well-being and personal growth, grounded in productive, ethical endeavors.
How to Cancel Thepropvault.com Subscription
ThePropVault.com operates on a challenge-based system rather than a traditional recurring subscription model.
When you purchase a challenge or an instant funded account, it’s typically a one-time fee for that specific evaluation or account.
Therefore, the concept of “canceling a subscription” in the typical sense doesn’t directly apply.
However, there are scenarios where you might want to stop your participation or request a refund, which functions similarly to a cancellation in terms of ending your engagement with their service. Pelconsultancyservices.co.uk Reviews
Understanding the Non-Subscription Model
Unlike streaming services or SaaS products that charge monthly, ThePropVault.com charges a single upfront fee for access to their evaluation or funded account.
- One-Time Purchase: Each challenge or instant funded account you purchase is a distinct transaction. You pay for the opportunity to prove your trading skills or to gain immediate access to a simulated funded account.
- No Recurring Billing: This means you won’t see recurring charges from ThePropVault.com on your credit card or payment statement unless you deliberately purchase another challenge.
When You Might Want to “Cancel” or End Engagement
While there’s no subscription to cancel, situations arise where you might wish to end your relationship with the platform.
- Deciding Not to Continue a Challenge: If you’ve purchased a challenge but haven’t started trading, or if you’ve started and decide it’s not for you, you essentially cease your participation.
- Account Termination Breach: If you violate any of the firm’s trading rules e.g., daily loss limit, maximum drawdown, your challenge or funded account will be terminated, which effectively “cancels” your access and opportunity without a refund.
- Seeking a Refund: This is the closest equivalent to a “cancellation” for a one-time purchase. Refund policies are typically strict and tied to specific conditions, often only applicable if you haven’t started trading or if there’s a technical issue on their end.
Steps to End Your Engagement If Applicable
Since there’s no “cancel” button, your actions depend on your current status.
- For Unused Challenges: If you’ve purchased a challenge but haven’t used the credentials or placed any trades, you might be eligible for a refund, though their terms and conditions should be thoroughly reviewed.
- Contact Support: The primary method would be to contact ThePropVault.com’s customer support immediately through their contact form or email, explaining your situation and requesting a refund. Be clear about the date of purchase and the reason for your request.
- Check Terms and Conditions: Before contacting them, consult their Terms & Conditions page regarding refunds. Prop firms generally have very strict refund policies, often stating no refunds are provided once trading activity has begun or if a breach occurs.
- For Active Challenges/Funded Accounts: If you are actively trading and decide to stop, you simply cease trading. The account will eventually become inactive or breach if rules are violated.
- Stop Trading: The simplest way to “cancel” your participation is to stop placing trades. If you exceed the inactivity period e.g., 30 days without a trade, your account will be breached and terminated.
- Withdraw Profits If Applicable: If you are on a funded account and have eligible profits, ensure you request your payout before ceasing activity, as profit access may be tied to active status.
Important Considerations
- Read the Fine Print: Always read ThePropVault.com’s full Terms & Conditions and FAQ section carefully before purchasing any challenge. These documents contain vital information about their refund policies, inactivity rules, and breach conditions.
- No Guarantees: Understand that purchasing a challenge is an investment in an opportunity, not a guaranteed outcome. The fee is for the assessment itself.
In summary, “canceling a subscription” with ThePropVault.com is less about a recurring payment and more about understanding their one-time purchase model and the conditions under which your account may become inactive or terminated.
How to Cancel Thepropvault.com Free Trial
Based on the information available on ThePropVault.com’s homepage and FAQ, there is no mention of a free trial being offered for any of their challenge accounts or instant funded programs. The business model appears to be based on direct purchase of evaluation challenges or instant funded accounts, requiring an upfront payment for access. Therefore, the concept of “canceling a free trial” does not apply to ThePropVault.com. Grahamandgreen.co.uk Reviews
Direct Purchase Model
ThePropVault.com’s operational model is centered around paid evaluations:
- Upfront Fees: All account types, whether 8% Drawdown, 10% Drawdown, 12% Drawdown, or Instant Funded, clearly list a price. For example, a $10,000 8% Drawdown Challenge costs $39.50. These are not trial fees but full purchase prices for the opportunity to participate in their programs.
- No Trial Period Indicated: The website does not provide any information or links related to a “free trial,” “trial period,” or similar introductory offers that would allow a user to test the platform or its conditions without payment. All entry points lead directly to purchasing a challenge.
What This Means for Users
Since there isn’t a free trial, there’s no need to follow a “cancel free trial” process.
- No Accidental Charges: Users do not need to worry about forgetting to cancel a trial and being charged for a full subscription, as is common with many service-based businesses.
- Commitment Upon Purchase: When you buy a challenge from ThePropVault.com, you are making a direct financial commitment to participate in their evaluation process. This commitment includes understanding that the fee is generally non-refundable, especially once trading activity has commenced or if account rules are breached.
Verifying Current Offers
While the current information doesn’t indicate a free trial, promotional offers can change.
- Check Promotions/Announcements: If ThePropVault.com were to introduce a free trial in the future, it would likely be advertised prominently on their homepage, through email newsletters, or on their social media channels e.g., Discord, Instagram, Twitter.
- Review FAQs and Terms: Always consult the most current version of their Frequently Asked Questions FAQs and Terms & Conditions on their website for any updates on their offerings or payment structures.
In summary, as of the current review, ThePropVault.com does not offer a free trial.
Users interested in their services should be prepared to make an upfront payment for the challenge or instant funded account they choose. Ambiendo.de Reviews
Thepropvault.com vs. Other Prop Firms
When evaluating proprietary trading firms like ThePropVault.com against competitors, it’s crucial to look beyond just the promised profit split and delve into the intricate details of their rules, pricing, and overall operational transparency.
The prop trading industry has seen significant growth, leading to a crowded market with varying levels of legitimacy and trader-friendliness.
Key Differentiating Factors
Several elements set prop firms apart, impacting a trader’s success rate and overall experience.
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Drawdown Models: This is often the most critical factor.
- ThePropVault.com: Offers various drawdown models 8%, 10%, 12% and an “Instant Funded” option with a 6% trailing drawdown based on the highest watermark. They also use a “balance-based daily drawdown” for challenge accounts and an initial balance or highest equity based daily drawdown for instant funded.
- Competitors e.g., FTMO, MyForexFunds, The Funded Trader: Some firms use an “equity-based trailing drawdown” from the initial balance or starting equity, which means the drawdown moves with your profit, effectively reducing the capital you have to trade with as you gain. Others might use a “fixed drawdown” that’s a percentage of the initial account size, offering more breathing room. For instance, FTMO’s fixed drawdown is based on the initial balance. MyForexFunds prior to its shutdown/legal issues used both absolute and trailing drawdowns.
- Impact: A trailing drawdown can be very restrictive, especially for swing traders, as any significant profit peak can immediately reduce your available drawdown. Fixed drawdowns, while appearing smaller, might offer more strategic flexibility.
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Profit Split and Payout Structure: Airbnb.co.uk Reviews
- ThePropVault.com: Offers up to 95% profit split, with initial payouts potentially after 30 days, scaling down to same-day payouts on higher growth plans Platinum. They also have specific growth plans Bronze, Silver, Gold, Platinum with tiered account increases and payout frequencies.
- Competitors: Most reputable firms offer splits ranging from 70% to 90%. Many offer bi-weekly payouts e.g., FTMO offers bi-weekly. Some might offer higher initial splits or faster payouts but have more stringent rules. For example, some firms might allow weekly payouts from day one.
- Impact: While 95% is high, the conditions to reach it e.g., specific growth plans over months need to be factored in. Early, more frequent payouts, even with a slightly lower split, can be more attractive to some traders.
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Rules and Restrictions Beyond Drawdown:
- ThePropVault.com:
- No Max/Min Evaluation Days: Allows unlimited trading days for challenges, which is a significant advantage for those who need more time. Minimum trading days are 0 for most challenges, and 3 days for 12% drawdown challenges.
- Inactivity Rule: Requires at least one trade within a 30-day or 21-day for instant funded period to avoid account termination.
- Prohibited Strategies: Strict ban on EAs Expert Advisors for passing challenges, Martingale, Grid Trading, Arbitrage, Tick Scalping, and other “malicious practices.” This is a common but crucial restriction.
- News Trading: Allowed in challenges, but restricted 2-3 minutes before/after high-impact news on live funded accounts.
- Max Profit Cap: 5% of initial balance on instant funded accounts. This is a unique and significant restriction. If you make more than 5% profit, anything over that is void.
- Risk Per Trade Rule: Max 2% risk per trading setup on funded accounts 1% on instant funded.
- Lot Size Consistency: Maximum allowable trade size capped at twice the calculated average lot size.
- Competitors:
- Time Limits: Many firms impose time limits for evaluation phases e.g., 30 days for Phase 1, 60 days for Phase 2, which can add immense pressure. However, a growing number are moving to no-time-limit models.
- EA Usage: Some firms permit EAs under certain conditions, while others have blanket bans.
- News Trading: Policies vary widely, from completely unrestricted to outright bans during news events.
- Max Profit Cap/Consistency: Some firms might have “consistency rules” but typically don’t cap total profit at a low percentage like 5% of initial balance. Consistency rules often focus on ensuring profits aren’t from a single large trade.
- Impact: The “no time limit” for challenges on ThePropVault.com is a positive, reducing stress. However, the strict EA ban, news trading restrictions, and particularly the 5% maximum profit cap on instant funded accounts and the 20% maximum trade profit rule for cumulative profits are significant drawbacks. A 5% profit cap means if you fund a $100,000 account, you can only ever withdraw $5,000 in total from that account, which is a major limitation for highly profitable traders.
- ThePropVault.com:
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Transparency and Customer Support:
- ThePropVault.com: Provides comprehensive FAQs, an About Us section, and social media presence. Gustavo Paniagua, the CEO, is identified, which adds a layer of transparency.
- Competitors: The industry has seen firms with varying levels of transparency. Some have faced scrutiny for unclear rules or slow payouts. Checking community forums e.g., Reddit, Trustpilot for consistent user feedback is essential.
Conclusion on Comparison
ThePropVault.com offers competitive profit splits and a flexible “no time limit” on challenges, which are appealing. However, its strict rules, particularly the maximum profit cap on instant funded accounts and the lot size consistency rule, along with the strict prohibition of EAs for passing challenges and for live accounts, could be significant limitations for many traders. These rules are designed to protect the firm’s capital and ensure consistency, but they can significantly restrict a trader’s potential and strategy execution. When comparing, traders should prioritize firms whose rules align with their trading style and risk tolerance, and where the costs and potential rewards are clearly understood and ethically sound. For those genuinely interested in generating wealth, the ethical alternatives discussed previously often provide a more stable and ultimately rewarding path.
Better Alternatives for Financial Growth
Instead of relying on speculative trading platforms that carry significant risks and often adhere to principles like certain financial structures that may not align with ethical guidelines, there are numerous alternative paths to financial growth.
These alternatives focus on building real value, generating stable income, and fostering sustainable wealth creation through tangible efforts and ethical practices. Airbnb.de Reviews
1. Skill Development and Entrepreneurship
Investing in oneself through skill development is a fundamental step towards financial independence.
This allows for direct control over income generation and avoids the complexities of speculative markets.
- Vocational Skills & Trades:
- Focus: Plumbing, electrical work, carpentry, HVAC, coding, digital marketing, graphic design, content writing, web development.
- How it builds wealth: These skills are in high demand, offering steady employment or the opportunity to start a lucrative business. You provide a direct service or product, creating tangible value.
- Example: A certified HVAC technician can start their own business, serving clients directly, controlling their income, and building a reputation based on real work. Average hourly rates for skilled trades can range from $25-$75, with business owners earning significantly more.
- Online Business Ventures:
- Focus: E-commerce selling products, digital product creation e-books, courses, online services consulting, coaching, affiliate marketing promoting ethical products/services.
- How it builds wealth: Leverages the global reach of the internet. Low overhead costs can lead to high-profit margins. Success is based on providing value to customers.
- Example: Launching an online store selling handcrafted goods or ethical consumer products. The global e-commerce market is projected to reach over $7 trillion by 2025, offering immense growth potential for small businesses.
2. Investing in Productive Assets
Rather than speculating on market movements, investing in assets that generate real income or appreciate through productive means aligns with more stable financial principles.
- Real Estate Rental Properties:
- Focus: Purchasing residential or commercial properties to lease out.
- How it builds wealth: Generates consistent rental income and potential property appreciation. It’s a tangible asset that fulfills a basic human need shelter or business space.
- Example: Owning a rental property can yield an average annual return of 5-10% through rent, plus long-term appreciation. In 2023, the median home price in the US rose by about 4.4% year-over-year.
- Equity in Ethical Businesses:
- Focus: Investing in shares of companies that are involved in permissible, productive economic activities e.g., manufacturing, technology, agriculture, healthcare and avoid speculative or interest-based ventures. This requires thorough research into a company’s business model and financial health.
- How it builds wealth: Shares can appreciate as the company grows and generates profits. Dividends can provide regular income. This is about investing in real-world productivity.
- Example: Investing in a tech company that develops beneficial software, or a manufacturing firm that produces essential goods. The S&P 500, composed of 500 leading U.S. companies, has an average annual return of around 10-12% historically, reflecting growth in the broader productive economy.
3. Cooperative and Community-Based Financial Models
These models emphasize shared risk and reward, often fostering community development and avoiding individualistic, high-stakes speculation.
- Cooperative Businesses:
- Focus: Joining or starting businesses owned and democratically controlled by their members e.g., consumer cooperatives, worker cooperatives.
- How it builds wealth: Profits are distributed among members or reinvested into the business/community, promoting equitable growth and shared prosperity.
- Example: A local food co-op where members collectively own the grocery store, ensuring fair prices and access to quality produce. The U.S. has over 65,000 cooperatives generating over $3 trillion in annual revenue.
- Microfinance and Ethical Lending:
- Focus: Participating in or supporting microfinance initiatives that provide small loans to entrepreneurs in developing communities, enabling them to start or grow businesses.
- How it builds wealth: Helps lift individuals out of poverty by empowering them to be productive. Returns are generated through repayment of loans, often at socially responsible rates.
- Example: Lending small amounts through platforms like Kiva to support farmers or artisans, generating a social return on investment alongside financial repayment.
These alternatives encourage building wealth through genuine effort, productive activity, and ethical financial practices, providing a more stable and ultimately more fulfilling path to financial well-being. Eandbcabinets.com Reviews
Thepropvault.com Review & First Look
Based on an initial review of ThePropVault.com, it presents itself as a proprietary trading firm offering individuals the opportunity to trade with larger capital after passing an evaluation process.
The website highlights a “decade of experience” in the industry, an identified CEO Gustavo Paniagua, and claims of significant payouts to traders $8.2M+. The overall presentation aims to convey professionalism and opportunity for aspiring traders.
Initial Impressions and User Interface
The website’s design is modern and relatively clean, with clear calls to action like “Start a challenge.”
- Navigation: The menu is straightforward, offering quick access to “Login/Register,” “Start a challenge,” “About,” “Pricing,” “FAQ,” and “Contact Us.” This suggests a user-friendly experience for new visitors.
- Promotional Offers: A prominent banner for “50% off all accounts” and “30% OFF Instant Funding” immediately catches the eye, aiming to incentivize sign-ups. Such discounts are common in the prop firm industry to attract new traders.
- Key Statistics: The homepage prominently features statistics like “$8.2M+ Paid out to Traders,” “160+ Countries Covered,” and “5000+ Funded traders since 2022.” These numbers are intended to build trust and demonstrate scale. However, without independent verification or a breakdown of how many traders succeed versus fail, these figures provide limited actionable insight into individual success rates.
Core Offering: Trading Challenges and Funded Accounts
The primary service revolves around offering different types of trading challenges or direct access to funded accounts.
- Challenge Types: ThePropVault.com provides three main challenge types based on drawdown limits: 8%, 10%, and 12%. This offers flexibility for traders with different risk appetites.
- Simulated Trading: It’s important to note that the website states “simulated trading accounts” for the funded phase, which is a common disclaimer among prop firms. This means traders are typically operating on demo accounts linked to a live feed, with the firm replicating successful trades on their own capital.
- Instant Funded Accounts: This option bypasses the challenge phases, providing immediate access to a “funded” account. However, these come with stricter rules, including a 3% maximum daily loss, 6% maximum trailing drawdown, and a unique 5% maximum profit cap on the total amount you can withdraw from that account. This profit cap is a significant limitation to consider.
- Account Sizes: Challenges range from $10,000 up to $300,000, catering to various levels of aspiring traders.
Features Highlighted
The platform emphasizes several “Premium Features” designed to be trader-friendly. Zestpromotional.com Reviews
- No Max or Min Evaluation Days: This is a notable feature as many prop firms impose strict time limits, adding pressure. ThePropVault.com allows “unlimited trading days across all plan types and phases,” with potential funding in “as little as one trading day.”
- No Minimum OR Maximum Payout Request Amount: This flexibility in withdrawal amounts is attractive.
- Profit Split up to 95%: This is a high profit split compared to many competitors, though reaching the 95% might be tied to their “Growth Plan” stages Bronze, Silver, Gold, Platinum.
- Auto-Close Trades: A feature that automatically closes positions when the profit target is reached during challenge phases, simplifying progression.
- Swap-Free Accounts: Available for 28 pairs and all metals, which can be beneficial for certain trading strategies, particularly for those who prefer to avoid swap fees.
Concerns and Red Flags Initial Look
While the site appears legitimate on the surface, some aspects warrant closer scrutiny, particularly from an ethical and risk perspective.
- Speculative Nature: The core business is highly speculative trading Forex, Indices, Metals, Cryptocurrencies. This inherently involves high risk and uncertainty, with potential for rapid gains or losses.
- Rigid Rules: Despite “trader-friendly rules,” the detailed FAQ reveals numerous strict rules:
- Prohibited Strategies: Martingale, Grid Trading, Arbitrage, Tick Scalping, and any Expert Advisors EAs are strictly prohibited. The blanket ban on EAs can be a significant hurdle for traders who rely on automation.
- Maximum Profit Cap: The 5% maximum profit cap on instant funded accounts is highly restrictive. If a $100,000 instant account has a $5,000 profit cap, it means any profit beyond that amount is not payable. This effectively limits the upside potential significantly.
- Profit Consistency Rule: The 20% maximum contribution from a single trading setup to cumulative profits on funded accounts excluding challenges further restricts high-impact trades.
- News Trading Restrictions: While allowed in challenges, placing or closing trades within 2-3 minutes of high-impact news events on live funded accounts leads to deductions or termination.
- “Simulated Trading Accounts”: The emphasis on “simulated trading accounts” means traders are not directly trading live capital, but rather proving their ability on a demo. The firm then profits from successful traders by potentially mirroring their trades with actual capital, or more commonly, by profiting from the fees paid by the majority of traders who fail to meet the stringent criteria. This model has often been scrutinized, with some financial regulators taking action against prop firms for perceived misrepresentations or operating models too close to unregulated derivatives trading.
In conclusion, ThePropVault.com presents a polished image with enticing opportunities for traders.
However, a deeper dive into its operational rules, especially the various drawdown rules, the outright ban on EAs, and the restrictive profit caps on certain accounts, reveals a challenging environment where success requires not just trading skill but also strict adherence to the firm’s specific, often limiting, parameters.
As with any high-risk financial venture, thorough due diligence and an understanding of the ethical implications are paramount.
Proprietary trading firms, including ThePropVault.com, operate in a high-stakes environment where the promise of significant capital access is balanced by stringent rules and inherent risks. Turborocks.co Reviews
While the allure of trading large sums of money is strong, a careful examination of their operational model reveals several significant drawbacks.
These cons can lead to financial loss for aspiring traders and raise questions about the long-term viability of participation for many.
High Likelihood of Account Breach and Financial Loss
The most critical drawback is the high probability of failing the challenges or breaching a funded account, which results in the forfeiture of the initial challenge fee.
- Strict Drawdown Rules: ThePropVault.com utilizes daily loss limits and maximum trailing drawdowns e.g., 5% daily, 8% or 10% maximum. For example, on a $100,000 account, a 5% daily loss means hitting a $5,000 loss in a single day results in an immediate breach, irrespective of previous profits. A trailing drawdown means your maximum allowable loss moves up with your profits, effectively reducing your buffer as you gain. This constant pressure can lead to emotionally charged trading decisions. Industry data often shows that over 80% of retail traders lose money, and the added layer of prop firm rules can make it even harder to succeed.
- Inactivity Rule: Accounts are terminated if no trades are placed within a specified period e.g., 30 days for challenges, 21 days for instant funded. This adds a time-sensitive pressure, even for traders with no time limits on challenges, preventing extended breaks.
- Profit Consistency Rule Funded Accounts: No single trade setup can contribute more than 20% of cumulative profits. This means a spectacular trade, while profitable, won’t be fully counted if it exceeds this percentage, forcing traders to spread their risk and profit generation, which can be challenging for those with high-conviction setups.
- Mandatory Stop Loss: Traders “must use a Stop Loss on every trade.” While a good risk management practice, mandatory rules can sometimes hinder specific advanced strategies that might manage risk differently.
Restrictive Trading Conditions
The firm imposes numerous restrictions on trading strategies, limiting a trader’s flexibility and potentially disqualifying common or profitable approaches.
- Prohibition of Expert Advisors EAs: ThePropVault.com explicitly states, “the use of any Expert Advisors EAs is strictly prohibited on any of our accounts.” This is a significant limitation for traders who rely on automated strategies for discipline, speed, or backtesting. The reason given, “to ensure that all trading is conducted manually,” means traders must dedicate considerable time and emotional energy to execution. This also includes “off-the-shelf EAs marketed for passing challenges,” which they classify as “malicious practices.”
- Banned Malicious Practices: A wide range of strategies are prohibited: Martingale, Grid Trading, Arbitrage, Tick Scalping, exploiting pricing/platform errors, using insider information, front-running, and strategies that jeopardize broker relationships. While some of these are reasonable for ethical trading, the broad definition could inadvertently catch legitimate strategies.
- News Trading Restrictions: For live funded accounts, “trades must not be placed or closed within 2 minutes before or after high-impact news events red folder events.” Violating this rule results in profit deductions and account termination. This forces traders to avoid periods of high volatility that are often targeted by news traders for significant profit.
- Lot Size Consistency: A rule states the “maximum allowable trade size is capped at twice the calculated average lot size.” This means traders cannot significantly increase their lot size even if they identify a high-probability setup, limiting their ability to capitalize on strong opportunities.
Severe Limitations on Profit Potential and Payouts
Despite advertising “up to 95% profit split,” deeper rules significantly cap actual withdrawable profits for some account types.
- Maximum Profit Cap Instant Funded Accounts: For instant funded accounts, there’s a “maximum profit cap per trading account is 5% of the initial starting balance.” This is an extremely low cap. If you have a $100,000 instant funded account, the maximum total profit you can ever withdraw from it is $5,000. Any profit beyond this is “void.” This means that even if a trader consistently generates 10% or 20% monthly, they are severely limited on their actual take-home earnings from that specific account, making the “up to $300k trading accounts” claim somewhat misleading in practice for this account type.
- Delayed Initial Payouts: While scaling up to “same-day payout” is possible on the Platinum growth plan, initial payouts typically require a “30-day period, starting from the date the first trade was placed on your funded account.” This means new funded traders won’t see their first withdrawal for at least a month, even if they’re profitable.
- Review Delays: After passing a challenge, the “risk desk will review your trading activity” which can take “up to 72 business hours,” sometimes longer. This delay postpones the process of getting access to the funded account.
Transparency and Regulatory Concerns
The proprietary trading industry, while rapidly growing, still operates in a grey area regarding regulation, which can expose traders to risks.
- “Simulated Trading Accounts”: The explicit mention of “simulated trading accounts” means traders are not actually trading live funds with the firm’s broker. Instead, they are demonstrating their ability on a demo account, and the firm may or may not replicate these trades on a live account. This model can be a point of contention with regulators, as seen with past actions against firms for alleged misrepresentation.
- Lack of Direct Oversight: Prop firms often operate without the same regulatory scrutiny as traditional financial institutions, leaving traders with fewer avenues for recourse in case of disputes.
In summary, while ThePropVault.com offers an avenue to access larger trading capital, the combination of strict drawdown rules, pervasive strategy prohibitions especially EAs, significant profit caps on certain account types, and general industry risks makes it a challenging and potentially costly endeavor for many aspiring traders.
It emphasizes a model where the firm profits not just from successful traders but also, and perhaps more significantly, from the numerous fees paid by traders who fail to navigate the stringent rules.
Ethical Alternatives for Financial Growth and Well-being
Given the inherent risks and specific operational models of speculative trading platforms like ThePropVault.com, exploring ethical and sustainable alternatives for financial growth is paramount.
These alternatives focus on creating real value, fostering personal development, and generating income through means that are tangible, beneficial, and align with principles of hard work and genuine contribution.
1. Mastering a Craft or Skill
Developing a specialized skill and offering it to the market is a direct and impactful way to generate income.
This path focuses on building human capital, which is inherently valuable and portable.
- Become a Certified Professional:
- Description: Pursue certifications in high-demand fields such as software development e.g., Python, Java, Data Science, cybersecurity, cloud computing e.g., AWS, Azure, project management PMP, or digital marketing SEO, SEM. These are concrete skills that lead to employment or consulting opportunities.
- Impact: A 2022 survey by CompTIA found that 93% of IT professionals believe certifications are valuable, with certified employees earning 10-15% more than their uncertified counterparts. For example, a certified data analyst can earn an average of $70,000 to $90,000 annually.
- Pathway: Enroll in online courses, vocational training programs, or university extensions. Practical application through personal projects or internships solidifies learning.
- Enter the Skilled Trades:
- Description: Acquire expertise in trades like electrical work, plumbing, carpentry, welding, HVAC, or automotive mechanics. These professions always have demand and provide essential services.
- Impact: The Bureau of Labor Statistics projects consistent growth in skilled trades. For example, electricians are projected to grow 6% from 2022 to 2032, with a median salary of over $60,000. These jobs are resistant to automation and outsourcing.
- Pathway: Apprenticeship programs offer hands-on training combined with classroom instruction, often leading to immediate employment upon completion.
2. Building a Productive Business
Entrepreneurship, when focused on solving real problems and delivering genuine value, is a powerful engine for wealth creation and economic development.
- E-commerce with Physical Products:
- Description: Start an online store selling tangible goods that solve a need or bring joy to customers. This could involve sourcing products ethically, manufacturing your own goods, or dropshipping.
- Impact: The global e-commerce market reached an estimated $5.8 trillion in 2023, with projections for continued robust growth. Success is directly tied to customer satisfaction and efficient operations.
- Pathway: Research market demand, identify a niche, build an e-commerce platform e.g., Shopify, WooCommerce, manage inventory, and focus on customer service.
- Service-Based Businesses:
- Description: Offer services that directly benefit individuals or other businesses. Examples include cleaning services, tutoring, personal training, home repair, bookkeeping, or business consulting.
- Impact: Service industries form a vast portion of the economy. For instance, the U.S. service sector contributes over 70% to the GDP. Profitability comes from effective service delivery and client satisfaction.
- Pathway: Identify a service you can provide, gain the necessary skills or certifications, market your services locally or online, and build a strong client base through reputation.
3. Investing in Real, Tangible Assets
Shifting focus from speculative financial instruments to real assets provides a more stable and often predictable path to wealth.
- Real Estate Investing Rental Income:
- Description: Acquire residential or commercial properties to rent out. The income generated from rent provides a consistent cash flow, and the property itself can appreciate in value over time.
- Impact: Historically, real estate has been a strong hedge against inflation and a significant wealth builder. According to the National Association of Realtors, the median existing-home sales price has increased by an average of 5.2% annually over the last 10 years.
- Pathway: Research local markets, understand property management, secure financing, and focus on long-term appreciation and rental yield.
- Investing in Productive Enterprises Stocks/Bonds:
- Description: Instead of short-term speculative trading, invest in the equity stocks or debt bonds of established, ethically sound companies that produce goods or services. This is about being a partial owner in a productive enterprise.
- Impact: Long-term investment in diversified portfolios of companies that are actively contributing to the economy tends to yield steady returns. The S&P 500, for example, has averaged an annual return of about 10% over the last 50 years.
- Pathway: Work with a licensed financial advisor, research companies with strong fundamentals and ethical practices, and adopt a long-term investment strategy focused on growth and dividends, rather than short-term price fluctuations.
These alternatives emphasize diligence, skill acquisition, and real-world contribution, offering a more stable and ethical foundation for financial growth compared to high-risk, speculative trading models.
How to Close Thepropvault.com Account
Since ThePropVault.com operates on a challenge-based, one-time purchase model rather than a recurring subscription, the process for “closing an account” is not as straightforward as with typical online services.
There isn’t a direct “delete account” button, as your engagement is tied to the completion or termination of a specific challenge or funded account.
However, you can effectively cease your engagement with the platform.
Understanding Account Status and Termination
Your account at ThePropVault.com will typically transition into an inactive or terminated state under specific conditions.
- Challenge Completion Pass/Fail:
- Passing: If you pass a challenge, you move to a funded account phase. Your challenge account is then considered “completed.”
- Failing Breach: If you violate any rules daily loss, maximum drawdown, prohibited strategies, your challenge account is immediately terminated. This is the most common way accounts cease to be active.
- Inactivity: The platform has an inactivity rule. For most challenge accounts, you must place at least one trade within a 30-day period. For instant funded accounts, this period is 21 days. Failure to do so results in your account becoming inactive and a breach, leading to its termination. This is the simplest way to effectively “close” an account if you no longer wish to participate and haven’t violated other rules.
Steps to Cease Engagement or “Close” Your Account
Given the above, here’s how you can effectively end your relationship with ThePropVault.com:
- Stop Trading on Your Current Account:
- If you are currently in a challenge phase or on a funded account and wish to stop, simply cease placing any new trades.
- Ensure all open positions are closed to avoid unexpected losses if you are on a funded account.
- Action: This is the most direct way to indicate you no longer wish to participate.
- Allow for Inactivity Breach:
- Once you stop trading, the inactivity rule will naturally come into play. After 30 days or 21 days for instant funded accounts without a trade, your account will automatically be flagged as inactive and subsequently breached and terminated.
- Action: No further action is required from your side once you’ve stopped trading. The system will handle the “closure” due to inactivity.
- Withdraw Any Eligible Profits Funded Accounts Only:
- If you are on a funded account and have accrued profits, ensure you request a payout before you cease trading or allow the account to become inactive. Review their payout terms e.g., 30-day initial period, then bi-weekly/weekly depending on growth plan and minimum payout amounts.
- Action: Log into your trader dashboard and initiate a withdrawal request according to their guidelines.
- Contact Support for Data Removal/Account Deletion Optional:
- While there isn’t a direct “delete account” function for your user profile, if you have concerns about your personal data or wish to ensure all records associated with your login are removed beyond just the trading account, you would need to contact their customer support.
- Action: Use the “Contact Us” form on their website or the provided support email address. Clearly state your request for the complete deletion of your user account and associated personal data, citing any relevant privacy regulations e.g., GDPR if applicable. Be aware that they may retain certain data for legal or auditing purposes as outlined in their privacy policy.
Important Considerations:
- No Refunds for Breaches: Remember that if your account is terminated due to a rule breach either trading rules or inactivity, you will not receive a refund for the challenge fee you paid.
- Terms and Conditions: Always refer to ThePropVault.com’s official Terms & Conditions and FAQ for the most accurate and up-to-date information on account termination policies and data retention.
In essence, “closing” your ThePropVault.com account typically means letting the inactivity rule take effect or having your trading account terminated due to a rule violation.
For more comprehensive data removal, direct contact with their support team is necessary.
Thepropvault.com Security and Data Privacy
When engaging with any online financial service, especially those that handle personal and financial data, understanding their approach to security and data privacy is paramount.
While ThePropVault.com focuses on proprietary trading, they still collect user information for account creation, payment processing, and compliance.
Data Collection and Usage
ThePropVault.com, like most online platforms, collects various types of data from its users, as implied by their general privacy policy statement.
- Personal Information: This likely includes names, email addresses, contact details, and potentially identification documents for Know Your Customer KYC verification during the funded account phase.
- Financial Information: Payment details though often processed via third-party gateways and trading performance data are integral to their service.
- Usage Data: Information about how users interact with the website, such as IP addresses, browser types, and navigation patterns, is typically collected for analytics and service improvement.
- Purpose: The collected data is generally used for:
- Account Management: Creating and maintaining user accounts.
- Service Delivery: Providing access to trading challenges and funded accounts.
- Performance Monitoring: Analyzing trading activity to ensure compliance with their rules.
- Payout Processing: Facilitating profit withdrawals.
- Compliance: Meeting legal and regulatory requirements, including KYC and anti-money laundering AML checks.
- Marketing: Sending promotional offers if users opt-in.
Security Measures Implied and General
While the website’s homepage doesn’t explicitly detail specific technical security measures like encryption protocols or data center certifications, reputable online platforms typically employ standard practices.
- SSL/TLS Encryption: It’s standard for websites to use Secure Socket Layer SSL or Transport Layer Security TLS encryption to protect data transmitted between the user’s browser and the server. This is indicated by “https://” in the URL and a padlock icon.
- Third-Party Payment Processors: Most platforms don’t directly handle sensitive credit card data. They integrate with reputable payment gateways e.g., Stripe, PayPal, which are PCI DSS compliant, meaning they adhere to strict security standards for handling payment information.
- Internal Data Security: Internally, data is usually protected by access controls, firewalls, and potentially regular security audits. However, the extent and rigor of these measures are not disclosed on the public site.
- Compliance with Data Protection Laws: Given their global reach “160+ Countries Covered”, they would ideally need to adhere to international data protection regulations like GDPR General Data Protection Regulation for users in the EU, and potentially CCPA California Consumer Privacy Act for US residents, which would imply certain standards for data handling and user rights. Their privacy policy should detail this.
Data Privacy Concerns and Best Practices
Users should always be aware of potential privacy implications and take personal precautions.
- Third-Party Sharing: Their privacy policy will detail if and how they share data with third parties e.g., analytics providers, marketing partners, KYC vendors, broker partners. It’s crucial to understand who else might have access to your data.
- No Control Over External Sites: ThePropVault.com explicitly states, “From our website, you can visit other websites by following hyperlinks to such external sites. While we strive to provide only quality links to useful and ethical websites, we have no control over the content and nature of these sites. These links to other websites do not imply a recommendation for all the content found on these sites. Site owners and content may change without notice… Please be also aware that when you leave our website, other sites may have different privacy policies and terms which are beyond our control.” This is a standard disclaimer but reminds users to be vigilant.
- User Responsibility: Users are responsible for maintaining the security of their own login credentials. Strong, unique passwords and two-factor authentication if offered are critical.
Recommendations for Users:
- Read the Full Privacy Policy: Before engaging, always read the full privacy policy document linked at the bottom of their website. This will provide explicit details on data collection, usage, storage, sharing, and your rights as a data subject.
- Understand KYC Requirements: Be prepared to provide identification for KYC checks, as this is a standard requirement for financial services, especially when payouts are involved.
- Exercise Data Rights: If you have concerns, inquire about your rights to access, rectify, or erase your personal data as per relevant data protection laws.
In conclusion, while ThePropVault.com likely employs standard security measures for an online platform, explicit details are not readily available on the homepage.
Users should assume typical data collection practices and take personal responsibility for their online security, while thoroughly reviewing the privacy policy for specifics on data handling and sharing.
Frequently Asked Questions
What is ThePropVault.com?
ThePropVault.com is a proprietary trading firm that offers funding opportunities to traders who successfully pass their evaluation challenges or opt for instant funded accounts, allowing them to trade with the firm’s capital.
How does ThePropVault.com work?
ThePropVault.com works by offering various simulated trading challenges with specific profit targets, daily loss limits, and maximum drawdown rules.
If a trader passes these challenges, they can then trade a funded account, sharing profits with the firm.
What are the different types of challenges offered by ThePropVault.com?
ThePropVault.com offers 8% Drawdown, 10% Drawdown, and 12% Drawdown challenges, as well as an “Instant Funded” account option, each with varying risk parameters and pricing.
What is the maximum funding I can receive from ThePropVault.com?
The maximum capital allocation available at ThePropVault.com is stated as $300,000 for challenge accounts and up to $200,000 for instant funded accounts.
What is the profit split offered by ThePropVault.com?
ThePropVault.com advertises a profit split of up to 95% for funded traders, with the exact percentage potentially depending on the trader’s progression through their growth plan.
Are there any time limits for completing the challenges?
No, for most challenge types, ThePropVault.com states there are “no max or min evaluation days,” allowing unlimited trading days across all plan types and phases.
Can I use Expert Advisors EAs on ThePropVault.com?
No, the use of any Expert Advisors EAs is strictly prohibited on all ThePropVault.com accounts, including during the assessment and on funded accounts.
What happens if I violate a rule, like the daily loss limit?
Violating rules such as the daily loss limit or maximum trailing drawdown will result in a “hard breach,” meaning your assessment phase will fail, or your funded trading account will be terminated, and no refund will be provided.
Is news trading allowed on ThePropVault.com?
Yes, news trading is allowed during challenge phases without penalties.
However, on live funded accounts, trades must not be placed or closed within 2 minutes or 3 minutes for 12% drawdown before or after high-impact news events.
How often are payouts processed by ThePropVault.com?
Initially, withdrawals can be requested after a 30-day period from the date the first trade was placed on your funded account.
Payout frequency can increase to 10-day, 7-day, 3-day, or even same-day payouts based on progression through their growth plans.
What is the inactivity rule on ThePropVault.com?
Traders must place at least one trade within a 30-day period or 21 days for instant funded accounts. Failure to do so will result in the account becoming inactive and a breach.
What is the maximum profit cap on Instant Funded accounts?
For Instant Funded accounts, there is a maximum profit cap of 5% of the initial starting balance. Any profit generated beyond this 5% will be void.
What is the maximum risk per trade allowed?
On funded accounts, traders must adhere to a maximum 2% risk per trading setup 1% for instant funded accounts, based on the initial balance of the account.
Does ThePropVault.com charge commissions?
No, ThePropVault.com states that its MT5 accounts have 0 commissions.
What trading platform does ThePropVault.com use?
The platform currently available for traders is Platform5.
What products can I trade on ThePropVault.com?
You can trade FX pairs, CFD Indices, Metals, and Cryptocurrencies.
A full product list can be obtained by contacting their support team.
Is there a profit consistency rule on funded accounts?
Yes, on funded accounts not challenge phases, no singular trading setup can contribute more than 20% of your cumulative profits.
This means you may need to adjust position sizes to comply.
How is daily drawdown calculated?
The Daily Drawdown limit for accounts is calculated based on the previous day’s balance at 5 PM EST, assessing the higher value between the account balance and account equity.
Can I copy trades from other accounts?
Yes, you can manually copy trades from any of your accounts, including external accounts, but the source account must be in your name. Copying trades from third parties is prohibited.
What is the minimum age to participate in ThePropVault.com’s program?
You must be at least 18 years of age to purchase an assessment from ThePropVault.com.
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