How it Works?
At MegaProp, we offer two-step challenges for traders to access funded accounts and begin their journey towards success in the forex market:
The Exam Account and the Mega Account
Evaluation Process
Choose Your Trading Account type
Before embarking on your trading journey with us, it's essential to determine which account suits your needs best. Explore our account options and select the one that aligns with your trading style and goals.
Live Account Capital
Two-Step Verification
Two-Step Verification
Choose Your Capital
Select the amount you're comfortable trading with, setting the stage for your journey in the Forex market with our flexible funding options.
Start the Two-Step Challenge
Begin the structured challenge process, showcasing your trading skills and determination to succeed in the Forex market.
Pass the Challenge & Get Funded
Successfully navigate both stages of the challenge, proving your trading proficiency and earning access to funded accounts.
Start Trading With Megaprop
With your Real account secured, dive into the world of Forex trading confidently, leveraging resources and support to maximize your potential for success.
Exam Account: Steps to Success
The Exam Account presents traders with a structured challenge designed to assess and enhance their trading skills.
This challenge consists of three stages:
Pawn Stage: In the first stage, traders must demonstrate their ability to navigate the markets by increasing their selected capital by 10%. This initial step serves as a foundation for the subsequent stages.
Knight Stage: Upon successfully completing the Pawn Stage, traders advance to the Knight Stage. Here, they must further prove their trading prowess by increasing their account by an additional 5%. This stage solidifies their skills and prepares them for real-world trading scenarios.
Queen Stage: Upon conquering the challenges of the Knight Stage, traders ascend to the Queen Stage, where they are rewarded with a real trading account. Here, traders can capitalize on up to 90% of any profits they generate, marking the culmination of their journey through the Exam Account process.
MetaTrader 5: Your Gateway to Seamless Trading
MegaProp is proud to offer MetaTrader 5 (MT5) as our preferred trading platform, providing traders with a seamless and intuitive experience in the Forex market. With MT5, traders gain access to a comprehensive suite of tools and features designed to enhance their trading efficiency and performance.
From advanced charting capabilities and technical indicators to customizable trading strategies and automated trading options, MT5 empowers traders of all levels to execute trades with precision and confidence. With its user-friendly interface and multi-asset support, including Forex, stocks, and commodities, MT5 ensures that traders have everything they need to succeed in today’s dynamic markets.
In the near future, MegaProp will expand its offerings to include additional trading platforms such as TradingView, custom trading platforms, and cTrader. These platforms will provide traders with even more options to tailor their trading experience to their unique preferences and strategies.
Experience the power of MetaTrader 5 with MegaProp and stay tuned for exciting updates as we continue to enhance our platform offerings. Join us today and discover the endless possibilities of trading with MT5.
FAQ
If you possess the expertise of a master trader, you can leverage our capital to execute your trading strategies. Earn up to 90% of the profits generated, without bearing any responsibility for potential losses. Your performance significantly influences ours, driving us to prioritize your success. Recognizing that traders require more than just capital, we've created a comprehensive account analysis dashboard. This tool provides invaluable insights to further hone and refine your trading skills. As a token of gratitude for selecting Megaprop as your partner, all traders who successfully complete both Phase 1 and Phase 2 of the Standard evaluation will receive a fee refund alongside their 4th profit split.
The Maximum Daily Loss is the amount you are allowed to lose every day. For the purpose of this rule, the higher value between equity and balance will be used. This rule is set as a % of the starting equity or balance of every day. 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 CE(S)T/server every day. Example 1: Equity is higher than the balance at the start of the day At the start of day 5, your account balance is $105.000 and your equity is $107.000. The Daily Loss Limit is 5% from the equity because it is higher: Daily loss = $107.000 * 5% = $5.350 Daily Loss Limit. This means
The conditions are simulated live market conditions. If you use higher lot sizes, the chance of slippage increases. Volatile market moments increase the chance even more, which can not be controlled. What is slippage? Slippage is when your order isn't precisely filled due to the absence of a matching order at that specific price point in the order book. As a result, your trade will be executed at the closest available price.
If you breach any trading objective, all your open trades will be closed, your limit & stop orders will be cancelled and the account is switched to view-only mode. In your account dashboard on our website, you will see which trading objective(s) you have breached with the exact time. Also, we will notify you by E-mail if we detect a breach of a trading objective.