FREQUENTLY ASKED QUESTIONS
The minimum withdrawal amount is $10, as we have this in place due to high transaction fees when sending lower amounts.
If your account violates the rules or parameters on the evaluation or funded account, your account will be terminated. Please note that some violations are not automatically identified by our system and will only be verified by our risk team when an account review is needed or a payout is requested. Such as Profit Consistency and Lot Consistency rule (lot solo hft).
Yes, please open at least 1 pending order or trade every 30 days to keep the account active.
The max funding per trader is $400,000.
Once a payout is requested, if our risk team evaluates it and deems there to be too many soft breaches that after the profits being taken away there is nothing left to disperse, the account will be reset.
Caisy Prop’s funded accounts (referred to as Funded Accounts) should not be considered live trading accounts. These Funded Accounts exist solely in a simulated environment, utilizing real market quotes sourced from liquidity providers.
All accounts provided by Caisy Prop are demo accounts with virtual funds.
Traders are able to trade FX, FX Exotics, Indices, Gold, Commodities and select Cryptocurrencies.
We offer 1:100 on all of our challenges and 1:30 on funded phases.
As we are evaluating the trading of individuals you are solely responsible for your account login details. If you share account passwords with others it will violate our terms and conditions and as such it is not permitted.
Yes, VPS and VPN's are allowed but we will ask for any documentation to demonstrate ownership and use.
We offer cTrader.
Yes, as we are on the lookout for individual traders and often make payouts to bank accounts for our live traders. As such accounts must be created in your own name.
Prohibited Trading Practices in the Funded Stage include: Tick Scalping, High-Frequency trading, Latency Arbitrage, Account Management, Reverse Arbitrage, Martingale, and Hedging trading with real broker (when we find a big lot used).
One of the aspects that sets us apart from other prop firms is our recruitment plan: after 3 months and 5 consistent payouts, we schedule a call to evaluate the trader's skills and analyze their trading activity using a customized algorithm.
No, Copy trading is not allowed.
Yes, you will receive a full refund of the initial fee after reaching 3 payouts of at least 2%. Additionally, if an account is breached after achieving at least one payout, a 40% discount will be offered on the purchase of a new challenge identical to the one that was breached.
The instant funding program removes the need for a challenge phase. Simply purchase an account and jump right into the action within minutes!
The daily profit cap on Instant Funding is set at 0.5% of your original account balance.
The profit split for Instant Funding Pro is 80%.
The max withdrawal per payout cycle is 6% of the original balance.
We guarantee that your payout will be processed within 72 business hours.
Please keep in mind: On weekends and public holidays, processing times may take slightly longer due to limited banking operations and reduced staff availability. While our guarantee applies from Monday to Friday, we still strive to complete payouts within 72 hours on weekends whenever possible.
Max Drawdown: For the Instant Funding account, the maximum drawdown is set at 8% of the initial balance.
The risk reward ratio of each trade must be at least 1:0.8.
There is a minimum of 5 days.
No, you can’t trade any news.
1 Step challenge is our 1 Step challenge, that has 12% profit target, and 10% max drawdown and 5% daily drawdown.
The standard profit split on the 1 Step Challenge is 80/20.
There is a minimum of 5 days.
Yes, news trading is now allowed, with add-on, during the evaluation and live phase but you can’t open any trades or modify the stop-loss or take-profit one minute before or after the release of the news.
The 2 Step challenge is a 2 phase challenge that has a 8% profit target in Phase 1 and 4% profit target in Phase 2, and has 10% max drawdown and 5% daily drawdown.
There is a minimum of 5 days.
The standard profit split on the 2 Step Challenge is 80/20.
Yes, news trading is now allowed, with add-on, during the evaluation and live phase but you can’t open any trades or modify the stop-loss or take-profit one minute before or after the release of the news.
The bot challenge allows you to utilize a variety of bot such as high frequency trading robots on the Challenge phase ONLY of it. Once you reach the funded phase you are not allowed to use any bot.
The profit split for the BOT allowed Challenge goes as follows:
- 1st withdrawal: 60%
- 2nd withdrawal: 70%
- 3rd withdrawal: 80%
Max Drawdown: the maximum drawdown is set at 10% of the initial balance.
There is a minimum of 3 days.
The consistency rule applies to instant funded Pro accounts. On instant funded Pro accounts a consistency rule of 20% applies, that means that one trading day can not equal or be greater than 20% of the total profits made. When the profits of one trading day equals or is greater than 20% of total profits made that payout period, you CANNOT request a payout until the highest profit trading day falls below the 20% of total profits made on that account within that particular period.
Your account will not be terminated if you violate the 20% rule, you must continue trading and make more profits until the highest profit trading day falls below the 20% of total profits. For example if you make $1,000 in one trading day, you will at least need to reach $5,000 in total profits within that period to be able to withdraw profits from your account.
The risk reward ratio of each trade must be at least 1:0.5.