What the Habanero challenge is?
Offer is valid from November 5, 2024, to November 13, 2024 (UTC+1).
The Habanero programme is a 3-step programme, after which the trader receives an access to a simulated funded account.
Profit (reward) sharing applies only to the simulated trading account and is at 85%.
Trader on each step of the challenge has to make 3 profitable days which are calculated in the same way as on other challenges (0.5% on the previous day's balance/equity, calculated at 6 PM NY time).
Only closed trades are taken into account to calculate a profitable day. Open trades are not to be considered in this regard.
A trader may hold open trade for another day and over the weekend without any limits.
A trader may use trading robots as long as they do not use prohibited trading practices (see Q&A).
A trader does not have to place a Stop-Loss order. However, optimal risk management is encouraged.
Once any risk (daily or total) is breached, the account will be closed.
After clearing a challenge step, other accounts can be released within 24 hours after passing the challenge.
In order to pass the steps, you have to comply with all terms and conditions of a given level (risk, profit target, profitable days).
1st step
Capital: 8 000.
DD daily: 2%.
DD total: 4%.
Target: 5%.
Profitable days: 3.
2nd step
Capital: 10,000.
DD daily: 2%.
DD total: 4%.
Target: 5%.
Profitable days: 3.
3d step
Capital: 12 000.
DD daily: 2%.
DD total: 4%
Target: 5%.
Profitable days: 3.
You have unlimited time to pass the challenge.
The account is subject to a 21-day inactivity rule, which is calculated from the time of the first transaction on the account.
News trading is not prohibited.
It is forbidden to copy signals of third parties and to use technology that enables the copying of third party transactions. Copying is only permitted from other SpiceProp accounts.
No add-ons are applicable to the account.
All rules apply to the simulated trading account as well.
Hedging and martingale are permitted on the account. No hedging is allowed between SpiceProp accounts.
Targets for scaling and risk rules for the simulated funded account.
No requirement for 3 profit days.
85% profit sharing level.
DD daily: 2%.
DD total: 4%.
6% profit target to scale an account size.
The account is scaled with every 6% profit achieved, according to the following:
SIMULATED FUNDED start: €12 000
6% - 20,000
6% - 30,000
6% - 40,000
6% - 60,000
6% - 80,000
6% - 100,000
6% - 150,000
6% - 200,000
6% - 300,000
A trader can only buy one account during the promotion period.
Upon clearing the challenge, the account is not refundable.
An initial fee of €12 applies to each trader to access the challenge.
A post-challenge fee of €78 applies only to traders who have cleared all 3 steps. Traders will not be allowed to get access to a simulated funded account until they have paid the remaining challenge fee.
Traders have 7 working days to pay the remaining fee (Monday - Friday, excluding weekend).
The account can only be purchased during the promotion period and will not be available outside the promotion period.
If the trader does not clear the Habanero Challenge, no additional fee has to be paid.
Once the balance has been settled, the trader will receive access to the simulated funded account within a maximum of 24 hours after SpiceProp has received a payment.
