In prop trading, you can trading with simulated funds and make a profit from trading without the risk of losing your funds. Read more in SpiceProp Traders Blog.
Black pepper
Hot-Seat
5% for Step 2
Sweet pepper
2-Step Challenge
5% for Step 2
Chilli pepper
1-Step Challenge
Jalapeño
No Step Challenge
Mini pepper
2-Step Challenge
5% for Step 2
Stop-Loss is not required.
Expert Advisors can be used.
Overnight and over the weekend can be held.
Depending on programme profit sharing starts from 60% to 90% for the trader.
A profitable day is defined as a day on which the account balance increases by 0.5% from the previous day's balance/equity. The condition of having profitable days does not apply to the Jalapeño challenge.
After successfully completing two challenges, the trader receives a refund which will count towards the first payout.
Withdrawals are available 14 days after receipt of the simulated funded account, then 14 days after the last withdrawal. For Black Pepper challenge withdrawals possible every 7 days.
Copying other traders' signals / accounts is prohibited.
An inactive account is an account with 21 days of no trading activity.
If the account reaches a daily loss of 5,5% of the balance (2.5% on Jalapeño), it will be closed. The daily loss is based on the previous day's equity as of 18:00 New York time.
Trading of important news (with high market impact) is not prohibited. But it must be note that during a high-impact news event, during volatile moments there might be a slippage (i.e. difference between the expected price of a trade and the price at which the trade is executed). Slippage can not be controlled by company side.
