What options will you get after successfully completing a challenge
After completing a challenge, you will receive a certificate. If you've successfully completed a two-step challenge, you'll also receive a refund. At this stage, you'll need to go through our Know Your Customer (KYC) procedure. The process of receiving your certificate and the invitation to pass KYC can take up to 2–3 days after successfully completing the challenge. Once you pass the KYC process, you'll be offered a contract with SpiceProp within 24 hours.
Depending on the challenge, your profit share can reach up to 90%. SpiceProp handles the payment of profits to traders, covering any trading losses, so you cannot incur a loss. After receiving your profits, you can request a withdrawal to either a bank account or a cryptocurrency wallet.
You can now trade on your funded simulated account.
Trading on a simulated account means that the company provides you with a simulated funded account. According to the agreement, you can withdraw profits from this account as per the profit-sharing structure. You also have the option to scale up your account at this stage. Special drawdown conditions, including a 2.75% risk-reduction rule, apply at this stage to help protect against potential losses, which is a benefit not available during the challenge phase.