Questions, answered properly

Reach the phase profit target — 8% in phase 1, 5% in phase 2 — without breaching the 5% daily loss limit or the 10% total loss limit, and trade on at least three separate UTC days.

The moment your equity closes above the target with the day requirement satisfied, the phase is marked passed. Phase 2 is created automatically and you keep trading; there is no waiting period between phases.

No. Phase 1 and phase 2 accounts are simulated. They are funded with demo capital and priced from live Binance USDⓈ-M market data, and your orders are matched against that live order book with real maker and taker fees applied.

This is deliberate: it means your evaluation results carry the same slippage and funding costs as live trading, while no customer money is at market risk before a funding agreement exists.

There is no deadline on either phase. An evaluation ends when you pass it or breach a limit, not when a clock runs out.

The only timing rule is a minimum of three separate trading days per phase. A trading day counts if at least one position was opened or closed during that UTC day.

The engine flags the account, cancels resting orders and closes open positions at the prevailing mark. The account moves to a breached state and cannot be traded again.

Your account log records the breach reason, the exact equity that triggered it and the timestamp, so the decision is auditable rather than editorial.

Yes, up to a combined $1,000,000 in allocated capital per trader across all accounts. Each evaluation is independent — a breach on one does not affect the others.

Accounts held by the same person may not be used to hedge one another. See the prohibited practices section below.

At 00:00 UTC the engine snapshots your equity for the day. If equity — balance plus unrealised profit and loss — falls more than 5% below that snapshot at any point, the daily limit is breached.

It is checked on every mark-price tick, not at end of day. An open position that dips through the threshold intraday and recovers has still breached.

During evaluation, total drawdown is measured from your starting balance: lose more than 10% of it and the attempt ends. The anchor does not move as you profit, so a 10% cushion is a 10% cushion the whole way through.

On funded accounts the anchor trails your high-water mark instead. Once your equity sets a new peak, that peak becomes the reference point for the 10% limit.

Worked drawdown examples

Yes. Both limits are measured on equity, and equity is net of trading fees and funding payments. A position held through several funding windows can consume drawdown without the price moving against you.

There is no separate lot-size rule. Position size is bounded by your leverage cap and by the exchange-style risk brackets: as position notional grows, the maximum leverage falls and the maintenance margin rate rises.

In practice this means you cannot put on a position large enough to make liquidation and daily-limit breach the same event without noticing.

Yes, including sub-minute holding periods. There is no minimum trade duration and no penalty for a high trade count.

Fees are charged per fill at standard maker and taker rates, so a high-frequency approach has to survive its own transaction costs — the same constraint it would face live.

Yes. Perpetual futures trade continuously and there is no forced flat time, no session close and no weekend gap risk to protect against.

Funding settles every eight hours regardless of the day, so carry costs accrue through the weekend.

Yes. There is no news blackout window. Crypto reacts to macro prints, ETF flows and protocol events around the clock, and freezing your account during them would test something other than trading skill.

Spreads widen and depth thins during those windows; your fills reflect the book as it actually was.

Yes, on your own account, through the trading API with your own keys. Automation is a tool, not an exploit.

What is not permitted is running the same signal across multiple funded accounts you control, or automation whose profitability depends on a defect in our engine rather than on market direction.

You may follow ideas from anywhere. You may not operate an account someone else controls, and you may not coordinate with other Propology traders to run mirrored or opposite positions across accounts.

Accounts are funded against an individual, and payouts are made to the person named on the KYC record.

Trading against a defect rather than the market: taking positions to profit from a stale mark price, a mispriced index, a delayed liquidation, or an order-book state we have already flagged as erroneous.

Where a fill is demonstrably the product of a system fault, we void that trade and its profit or loss rather than the whole account, and we tell you which fill and why.

Two or more accounts — yours or a group of traders acting together — taking offsetting positions so that at least one account is guaranteed to hit a profit target while the others absorb the loss.

This converts an evaluation into a coin flip paid for with fees, and it is the practice this rule exists to stop. Independent traders arriving at the same trade are not affected.

No. Systematically taking fills against a price our engine has not yet updated is arbitrage against our infrastructure, not against the market.

Normal fast execution is fine. The distinction is whether the profit comes from a view on price or from a known lag.

One person, one identity, one account set. Sharing credentials, selling a passed account, or trading an account on behalf of someone else voids the agreement and any pending payout.

We check for it at payout time, when the KYC identity must match the account holder.

After 14 calendar days on a funded account, provided the account is in profit above its high-water mark. Subsequent requests can be made every 14 days.

There is no minimum payout amount beyond the network fee, and there is no penalty for withdrawing profit early rather than compounding it.

Requests are reviewed within one business day. Once approved, funds are sent in USDT on Ethereum, Arbitrum or Tron — usually the same day, and always within 72 hours of approval.

Network confirmation time is outside our control, though on Arbitrum and Tron it is typically under a minute.

On realised profit net of trading fees and funding since your previous payout, at 80% for your first three payouts and 90% from the fourth onward.

Your high-water mark carries across payouts. If an account draws down after a payout, the next payout only pays on profit above the previous peak.

Before your first payout, not before your first trade. You can buy an evaluation and trade both phases with an email address alone.

Verification requires a government photo ID, a selfie check and proof of address dated within the last three months. Most submissions clear within a few hours.

Anyone under 18, and residents of jurisdictions we cannot serve under applicable sanctions and financial-crime rules. The current restricted list is shown at checkout and in the dashboard.

If a KYC check reveals that an account was opened from a restricted jurisdiction, the evaluation fee is refunded and no payout is made.

USDⓈ-M perpetual futures, quoted and settled in USDT. BTC, ETH, SOL, BNB and XRP are available on every plan, and the supported list is published in the dashboard.

There is no spot market, no options and no equities. One asset class, done properly.

Marks, index prices, funding rates, klines and order-book depth are derived from public Binance USDⓈ-M futures data. Liquidations use a mark price, not the last trade, exactly as the exchange does.

Propology is not affiliated with Binance; the data is used as a pricing reference.

Yes. The REST and WebSocket APIs that power the dashboard are available to funded and evaluation accounts with your own key pair, covering orders, positions, balances and market data.