PROP FIRM ACCOUNT MANAGEMENT

FAQ About PROP FIRM ACCOUNT MANAGEMENT

PROP FIRM ACCOUNT MANAGEMENT PROP FIRM ACCOUNT MANAGEMENT
one year ago | skylerfx

What is a Prop firm?

Prop Firm, which is also called a Proprietary Trading Firm, is a company that provides traders with capital to trade in exchange for a share of the profits generated by their trades.


These firms typically use a profit-sharing system where the trader receives a percentage of the profits they generate, and the firm takes a commission as well.


This approach enables traders to access substantial amounts of capital without having to invest their own money.

PROP FIRM ACCOUNT MANAGEMENT PROP FIRM ACCOUNT MANAGEMENT
one year ago | skylerfx

What a prop firm funded account?

is a trading account that is provided by a proprietary trading firm to a trader. This type of account is funded by the prop firm's own capital, and the trader is given access to this capital to trade.


The prop firm funded account is often used by traders who do not have sufficient funds to trade on their own or who want to access larger amounts of capital to increase their trading positions. In exchange for access to the firm's capital, the trader agrees to share a percentage of the profits generated by their trades with the firm.


Traders who are approved for a prop firm funded account typically need to go through a rigorous application process (evaluation) to demonstrate their trading skills and knowledge.


They are also expected to follow the trading guidelines and risk management rules set by the prop firm.

PROP FIRM ACCOUNT MANAGEMENT PROP FIRM ACCOUNT MANAGEMENT
one year ago | skylerfx

Why should i get funded?

There are several reasons why a trader may consider getting funded by a prop firm:


Access to Capital: Prop firms provide traders with access to significant amounts of capital. This allows traders to take larger positions and potentially generate greater profits than they would be able to with their own funds.


Reduced Risk: Since the capital provided by a prop firm is not the trader's own money, there is less risk involved in trading. This can be especially beneficial for traders who do not have a large amount of capital to invest or who are new to trading.


Resources and Support: Prop firms provide traders with access to resources such as trading platforms, data feeds, and other tools that can help them make informed trading decisions. Additionally, prop firms often offer training, mentorship, and support to help traders improve their skills and become more successful.


Profit-Sharing: Prop firms typically operate on a profit-sharing model, where the trader keeps a percentage of the profits they generate while the firm takes a commission. This can be a beneficial arrangement for traders since it incentivizes them to perform well and rewards them for their profits.


Trading Discipline: Prop firms often have strict trading guidelines and risk management rules that traders must follow. This can help traders develop discipline and good trading habits, which can be beneficial for their long-term success.

PROP FIRM ACCOUNT MANAGEMENT PROP FIRM ACCOUNT MANAGEMENT
one year ago | skylerfx

What Service do you offer?

As a team of experienced funded traders, we offer a range of services to help fellow traders become funded.


Here are the main services we provide:


Evaluation Pass Service (Phase 1 & 2):


We understand how challenging it can be for traders to pass the evaluation challenges. That's why we offer a comprehensive evaluation pass service that includes both phase 1 and 2 of the evaluation process.


Funded Account Management:


Once we have successfully passed the evaluation challenge, we will proceed to funded account management phase to help you manage your trading account effectively aiming a minimum monthly target (ROI) of 15%.


Loss/Drawdown Recovery:


We understand that losses are an inevitable part of trading, and even the best traders can experience drawdowns. That's why we offer loss/drawdown recovery services to help you bounce back from losses and get back on track if you have tried to trade your account and experienced slight loss.

PROP FIRM ACCOUNT MANAGEMENT PROP FIRM ACCOUNT MANAGEMENT
one year ago | skylerfx

Who are propfirmmaster

It is widely known that over 95% of traders attempting to obtain funded accounts fail even before reaching the second phase of the evaluation process. Many lose their funded accounts due to various factors such as trading inconsistency caused by unstable trading psychology, improper risk management, as well as inadequate trading skills.


That's where we step in.


We are a team of Forex and Stock Traders with more than seven years of consistent experience in the financial markets. Before becoming funded traders ourselves, we traded on our personal trading accounts ranging from a few hundred to a thousand dollars, to be precise. The trading journey was exhausting as trading with small accounts is a horrible experience, especially if your life dreams depend solely on trading. After struggling to trade with small accounts for several years, we luckily came across FTMO back in 2017, which was just a small company that many traders weren’t aware of.


Upon familiarizing ourselves with the whole concept of Prop Firms and Funded Accounts, we decided to give it a go and started taking on challenges. By mid-2019, we were already funded traders.


Being a funded trader gives you the ability to have a funded account with capital that you, as a retail trader, wouldn’t be able to come up with. Let's assume you have $100,000 lying around and want to deposit it to your broker. Risking your own money or life savings, in this case, can be more complicated than using someone else's money to trade, and you get to keep 70% of whatever you make after being funded.


Most retail traders who do not see success in trading after several years of suffering from blowing accounts do so because they trade on small accounts with expectations of doubling or tripling the account, which ends up blowing due to an aggressive trading style. Instead of trading on your small live account of $500 and aiming for a $10,000 return in a month, which is an unrealistic goal of wanting a 2000% return in one month, I recommend that you consider getting yourself funded and aim for only a 10% return from a $100,000 account. This way, you will be trading with less risk, pressure, and greed.

PROP FIRM ACCOUNT MANAGEMENT PROP FIRM ACCOUNT MANAGEMENT
one year ago | skylerfx

What is your success rate?

At PropFirmMaster, we are tremendously proud to have helped over 1,100 traders become funded through our services.


We pride ourselves on our high success rate and proven track record of helping traders pass evaluation challenges and manage their funded trading accounts successfully.


Our success rate speaks for itself, with more than 95% of traders achieving funding. Our team is committed to providing top-notch services to all our clients.


If you review our trading history, you will see that proper risk management is essential to our trading. We never risk more than 1% per trade and require a minimum reward-to-risk ratio of 1:3, meaning we risk $500 to potentially make $1500.


These practices ensure we do not violate the trading parameters of either a challenge or funded account.

PROP FIRM ACCOUNT MANAGEMENT PROP FIRM ACCOUNT MANAGEMENT
one year ago | skylerfx

How does a prop firm account passing service work?

Our team of experienced funded traders will help you pass the evaluation process by trading on your behalf and ensuring that your account meets the trading parameters set by the prop firm.


Here are the steps on how our evaluation passing service works:


1. Purchase a challenge account from your preferred prop firm. We recommend FTMO, MyForexFunds, TheFundedTraders, TrueForexFunds, and a few others.


2. After purchasing the challenge account, submit your login credentials to our team and make a prepayment for our service fee.


3. Our experienced traders will begin trading on your behalf to help you pass the evaluation phase.


4. Once the evaluation phase is complete, we will proceed to the Funded Account Management phase and share 30% of the total profit figure.

PROP FIRM ACCOUNT MANAGEMENT PROP FIRM ACCOUNT MANAGEMENT
one year ago | skylerfx

How do you guarantee that prop firm won’t find out that someone is trading on my behalf?

When it comes to trading with a prop firm, we understand that confidentiality and security are critical concerns for our clients. Our team will take all the necessary measures to ensure that your privacy is protected throughout the process.


To guarantee that the prop firm won't find out that someone is trading on your behalf, we use highly secure Virtual Private Networks (VPNs) to mask our IP address. This makes it virtually impossible for the prop firm to trace the trading activity back to us. Additionally, our team of experienced traders has a deep understanding of the evaluation and funded account management process, which allows us to operate seamlessly without attracting any unwanted attention.


Our primary objective is to help you pass the evaluation phase and manage your funded trading account without any issues. Therefore, we take every step necessary to ensure that your anonymity and confidentiality are maintained throughout the process. If you have any additional concerns or questions about our approach to protecting your privacy, please don't hesitate to contact us. Telegram @propfirmadmin

PROP FIRM ACCOUNT MANAGEMENT PROP FIRM ACCOUNT MANAGEMENT
one year ago | skylerfx

What is your trading style? Do you use EAs or Manual trading?

Our trading style is based on a manual approach, which means that our experienced traders will analyze the market and make informed trading decisions based on their expertise and knowledge. This allows us to adapt to the ever-changing market conditions and make more informed trading decisions.


We do not use any copy trading or Expert Advisors (EAs) because most prop firms prohibit their use. Instead, we rely on our team's extensive experience in the forex and stock markets to execute profitable trades on your behalf.


We believe that manual trading allows us to better understand the nuances of the market and make informed decisions based on our expertise. This approach also allows us to be more flexible in adapting to market changes, which is crucial for successful trading.


Rest assured that our manual trading approach is backed by years of experience and a proven track record of success. Our team of traders is dedicated to helping you succeed in the prop firm evaluation process and beyond.

PROP FIRM ACCOUNT MANAGEMENT PROP FIRM ACCOUNT MANAGEMENT
one year ago | skylerfx

What is/are your trading strategies?

At our Forex trading team, we base our trading strategies on the principles of pure price action and smart money concepts. Our approach involves a careful analysis of market trends, price movements, and trading volumes to identify the best trading opportunities using scalping strategies.


We do not rely on technical indicators or trading robots. Instead, we focus on analyzing market patterns and trends to make informed trading decisions. Our experienced traders have developed a keen eye for spotting profitable trades and can help clients navigate the complex world of Forex trading.


Our trading strategies are designed to help our clients achieve consistent profits and grow their trading accounts over time. We believe that a disciplined, patient, and consistent approach is the key to success in trading.

PROP FIRM ACCOUNT MANAGEMENT PROP FIRM ACCOUNT MANAGEMENT
one year ago | skylerfx

What payment methods do you accept?

We currently accept SKRILL USDT TRC20 and BTC as our main preferred payment methods for our services. We understand that many of our clients prefer to use cryptocurrency as a means of receiving payouts from their funded accounts, which is why we prioritize these payment methods.


However, we are open to considering other payment options that may be more suitable for our clients. If you have a specific payment method in mind that is not listed, please feel free to contact us and we will do our best to accommodate your request

PROP FIRM ACCOUNT MANAGEMENT PROP FIRM ACCOUNT MANAGEMENT
one year ago | skylerfx

What’s the passing timeframe? How long does it take to pass challenge and get funded?

We at Prop Firm Master understand the importance of time, which is why we are committed to helping you pass the evaluation phases as quickly and efficiently as possible. With a success rate of 97%, we guarantee that our team of experienced traders can help you pass both Phase I and Phase II of the evaluation process in less than 14 trading days.


Our team will work diligently to analyze the market and place trades on your behalf, ensuring that you meet the profit target and risk management criteria set by the prop firm. We prioritize efficiency and quality in our services, and we are committed to doing everything in our power to help you pass the evaluation phase and get funded within the shortest possible timeframe.

PROP FIRM ACCOUNT MANAGEMENT PROP FIRM ACCOUNT MANAGEMENT
one year ago | skylerfx

What happens if you fail my challenge? Can I get a refund?

What happens if you fail my challenge? Can I get a refund?

We take pride in our team's commitment to using proper risk management and maintaining stable trading psychology, which makes violating trading parameters nearly impossible. However, in the worst-case scenario of a failure, we do have a Refund Policy in place that guarantees an immediate refund of both the service fee and the fee to purchase a new account from a prop firm, NOTE: FOR ACCOUNT ABOVE 200K


We do offer a few Free Repeats* in some cases where the Trading Period is almost over, and the account has a positive balance despite being submitted late with massive drawdown. In such cases, we first work to push the account back to a positive balance before focusing on hitting the profit target.

PROP FIRM ACCOUNT MANAGEMENT PROP FIRM ACCOUNT MANAGEMENT
one year ago | skylerfx

When do I need to pay the service fee?

The service fee for passing the evaluation in both Phase 1 and 2 must be submitted before we commence trading activities on your account. This allows us to facilitate trading operations on our trading floor.

PROP FIRM ACCOUNT MANAGEMENT PROP FIRM ACCOUNT MANAGEMENT
one year ago | skylerfx

What are your charges?


Our team of experienced and profitable funded traders will assist you in passing Challenge (Phase I & II). We charge a prepayment service fee that varies depending on the account size. Here are the once-off fees for each account size:


• $20K Account: $150


• $25K Account: $180


• $50K Account: $250


• $100K Account: $450


• $200K Account: $550


• $250K Account: $750


• $300K Account: $950


• $400K Account: $1150


• $500K Account: $1500

PROP FIRM ACCOUNT MANAGEMENT PROP FIRM ACCOUNT MANAGEMENT
one year ago | skylerfx

What is your risk management strategy?


Our trading history will show you that we consider proper risk management to be essential to our trading. We never risk more than 1% per trade and always aim for a minimum reward-to-risk ratio of 1:3. This means that we risk $500 to potentially make $1500.


These practices help us maintain the trading parameters of both challenge and funded accounts.

PROP FIRM ACCOUNT MANAGEMENT PROP FIRM ACCOUNT MANAGEMENT
one year ago | skylerfx

What is your average ROI target for funded accounts, and what profit target do you aim for?

Our typical profit target for funded accounts is a minimum ROI of 10% to 15%. However, if the market presents more lucrative trading opportunities, we are always ready to pursue them and aim for higher returns. In fact, we once achieved a maximum ROI of 46%.

PROP FIRM ACCOUNT MANAGEMENT PROP FIRM ACCOUNT MANAGEMENT
one year ago | skylerfx

When will trading start after I submit my account login credentials?

Once we receive your login credentials and service fee payment, we will enroll your account immediately. Once the enrollment process is complete, trading activities will commence during the next trading session.


Please note that it is strictly prohibited for you to place any trades, as doing so would violate our terms and conditions.


Additionally, we only trade during the London and New York trading sessions when high probability trading setups occur. This is to avoid unnecessary drawdowns and losses

PROP FIRM ACCOUNT MANAGEMENT PROP FIRM ACCOUNT MANAGEMENT
one year ago | skylerfx

Am I allowed to take my own trades while you manage my challenge/trade my funded account?

No, you are not allowed to take any trades yourself while we manage your challenge or trade your funded account. It is strictly prohibited and a violation of our terms and conditions. Please note that no action is required on your part during this time.

PROP FIRM ACCOUNT MANAGEMENT PROP FIRM ACCOUNT MANAGEMENT
one year ago | skylerfx

How many accounts can a client have passed by your service?

Our service can assist clients in passing as many accounts as they can afford, based on the maximum allocation allowed by each prop firm.


Our team of experienced and profitable traders can manage multiple accounts simultaneously, ensuring that each account meets the profit target and risk management criteria set by the prop firm. We prioritize efficiency and quality in our services and work diligently to help our clients achieve their trading goals.

PROP FIRM ACCOUNT MANAGEMENT PROP FIRM ACCOUNT MANAGEMENT
one year ago | skylerfx

What prop firms do you recommend the most?

We highly recommend companies that have already established themselves as trustworthy and dependable in the industry. Our top recommendations include FTMO, TFT, TFF, E8, and a few other reputable prop firms. We have almost all clients get their payouts without any problems.

PROP FIRM ACCOUNT MANAGEMENT PROP FIRM ACCOUNT MANAGEMENT
one year ago | skylerfx

What is your profit share percentage on funded account management?

Our profit share percentage on funded account management is 30%. After passing the evaluation phase, we will manage all trading activities on your behalf, and upon receiving your payout, we will send you an invoice containing our payment details so that you can share our split of 30%.


Our target is to achieve a minimum realistic return of 15% on a monthly basis, and we tend to achieve more than this due to the availability of high probability setups. For a $100,000 account, this will roughly equate to $15,000, with the split percentages out of 100% as follows: 20% for the prop firm (FTMO), 30% for us as account managers (management fee), and 50% for you as the account owner. After the first withdrawal, the prop firm's share will decrease to 10%, and your share will increase to 60% from the second withdrawal onwards.

PROP FIRM ACCOUNT MANAGEMENT PROP FIRM ACCOUNT MANAGEMENT
one year ago | skylerfx

Do you also accept accounts that are already in drawdown/loss?

Yes, we offer loss/drawdown recovery services for clients who have experienced losses in their trading accounts. Our team of experienced traders will assess your account and develop a recovery plan to help you bounce back from losses and get your account back on track.


We understand that losses are a normal part of trading and that even the best traders experience drawdowns. Our recovery services are designed to help clients recover from losses and regain their confidence in trading.

PROP FIRM ACCOUNT MANAGEMENT PROP FIRM ACCOUNT MANAGEMENT
one year ago | skylerfx

Who can benefit from a prop firm account passing service?

Our prop firm account passing service is ideal for traders who want to trade with larger capital than they currently have available. Prop firms offer traders the chance to trade with significantly more capital than their own, making this service particularly beneficial for those who don't have the resources to meet the initial funding requirements of prop firms or have previously failed to pass their evaluation phase.


Our service is designed to help traders of all skill levels achieve consistent profits and grow their trading accounts over time, regardless of their past performance or experience.

PROP FIRM ACCOUNT MANAGEMENT PROP FIRM ACCOUNT MANAGEMENT
one year ago | skylerfx

How do I find you?

You can find us through telegram or email

Telegram username @propfirmadmin

Email ✉️ [email protected]

PROP FIRM ACCOUNT MANAGEMENT PROP FIRM ACCOUNT MANAGEMENT
11 months ago | asked by Tif

Hello, how much is management a 100k account (Nova Funding)?

Is 300usd

You can contact us through telegram username @propfirmadmin

Or

Email: [email protected]

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