What guidelines must be adhered to during the Azeroth Challenge?
For a successful journey through the Azeroth Challenge, it is imperative to adhere to the stipulated guidelines and limitations outlined below:
Maximum Daily Drawdown:
The maximum daily drawdown limit dictates that you are allowed to incur a loss of up to 5% of your initial account balance on any given day.
Maximum Overall Drawdown:
Participants are permitted an overall maximum drawdown of 10% of their initial account balance. Consequently, the account balance or equity should not dip below 90% of the initial balance at any point during the entire trading journey.
Minimum Trading Days:
In the Azeroth Challenge, a minimum of 5 distinct and separate trades must be executed during the trading cycle. The trading days need not be consecutive, and to simplify matters, there is no maximum trade requirement, allowing participants the flexibility to trade without constraints. Furthermore, there is no minimum trading day mandate in the Azeroth Oxiprop account.
Copy Trading:
Oxiprop permits traders to partake in copy trading from another Oxiprop account, proprietary firm, or retail broker, provided that the accounts are owned by the same individual. However, the act of copy trading between multiple accounts not owned by the same individual, including those of relatives, family members, or friends, is strictly prohibited.
EAs/Indicators:
Traders are permitted to leverage Expert Advisors (EAs) and Indicators to augment their trading strategies at Oxiprop. It is crucial for each trader to ensure that their trading parameters are unique and aligned with their individual trading style and account.
Restricted Trading Strategies:
Oxiprop strictly prohibits any form of cheating or exploitation of the platform, as it contravenes our Terms of Service (TOS) agreed upon during registration. Traders are strongly advised to thoroughly read our Terms of Service and comprehend the provided guidelines to forestall unintended consequences.
What is the designated Profit Target for the Azeroth Challenge?
The profit objective for the Azeroth Challenge is detailed below:
Azeroth Phase 1:
Participants are required to achieve a 10% profit target in Azeroth Phase 1 within a 4-week trading cycle.
Azeroth Phase 2: A 5% profit target must be attained in Azeroth Phase 2 within an 8-week trading cycle.
Azeroth Oxiprop Account: Notably, there is no specified profit target for the Azeroth Oxiprop account.
*Note: In the Azeroth Challenge accounts, achieving the profit target within the allocated time frame is imperative. Concluding the trading cycle with a negative balance will lead to an account breach.*
Within what timeframe must Phase 1 and Phase 2 of the Azeroth Challenge be successfully completed?
Azeroth Phase 1: Phase 1 entails a 4-week trading cycle.
Azeroth Phase 2: Phase 2 encompasses an 8-week trading cycle.
However, participants have the option to concurrently complete both Challenge Phases by adhering to all rules and ensuring a minimum of 5 trading days on each phase if desired.
Upon successfully clearing the Challenge Phases of Azeroth, what are the subsequent steps?
Upon achieving the profit target in Azeroth Phase 1 by closing all open trades and engaging in a minimum of 5 days of trading, you will encounter a button labeled "Start Next Phase" on your account dashboard. Clicking this button grants immediate access to the Phase 2 account.
Alternatively, should you choose not to click the "Next Phase" button, the Phase 2 account will automatically manifest on your dashboard the following day.
Upon the successful completion of Phase 2 in the Azeroth Challenge, our system will conduct an automatic profit check at the close of the trading day. If you have adhered to all the rules and met the profit target, a pop-up message will appear on your dashboard. This message serves as an invitation to the verification center, where you can proceed with the KYC verification process.
Upon completion of the verification, please allow approximately 24-48 hours for us to furnish you with the Oxiprop account.
What proportion of Profit Share can participants anticipate from the Azeroth Challenge?
Oxiprop highly values your potential to achieve outstanding results. As you progress through the Azeroth Challenge Phases, your profit share will incrementally rise, initiating at 15% during the Challenge Phase and culminating at 90% in the Oxiprop account. This substantial escalation in profit share ensures enhanced earning possibilities. Furthermore, your dedication and accomplishments will be acknowledged through the reimbursement of your subscription fee in the initial payout on your Oxiprop account.
Here's a breakdown of how it operates:
Suppose you commence your trading account with a balance of $100,000. In Phase 1, if you attain a profit of $10,000 and, in Phase 2, an additional profit of $5,000, you will qualify for an Oxiprop account. Upon receiving the initial payout from your Oxiprop account, your subscription fee will be entirely reimbursed, recognizing your commitment.
However, the advantages extend beyond this point. Upon achieving a 5% profit in your Oxiprop account, you will also receive a 15% profit share based on your Phase 1 and 2 targets, totaling $2,250.
Furthermore, upon acquiring your Oxiprop account, your profit share will elevate to 80%, commencing from your inaugural withdrawal. Upon becoming eligible for your initial scale-up, your profit share will soar to an impressive 90%.
Embrace your newfound status as an Oxiprop Crown Trader, where your accomplishments translate into our mutual success.
Is it possible to request an Extension for the Azeroth Challenge duration?
Certainly, here is a rephrased version:
Certainly, you have the option to request an extension exclusively for Phase 1 of the Azeroth Challenge.
To qualify, you must achieve an account growth exceeding 5% in both balance and equity before seeking a 14-day extension.
Additionally, you should have participated in trading for a minimum of 5 days within the ongoing trading cycle.
It is imperative not to violate any rules implemented during the Azeroth Challenge Phase.
If you meet these requirements, three days before the conclusion of the fourth week of your trading cycle, a button will become visible on your dashboard. Click the button to extend your trading period by an additional 14 days! Kindly be aware that you can only utilize an extension once for your account. However, if you choose to reset your account, you will regain eligibility to avail the extension once again.
Can the Azeroth Phase 2 Challenge be reset?
Certainly. You will be provided with the opportunity to reset your account during Azeroth Challenge Phase 2 as well, enabling a seamless restart to your trading endeavors with Oxiprop. This means that you can opt for an account reset at a discounted rate should you not meet the requirements in Phase 2 of your Oxiprop Azeroth Challenge.
However, it's crucial to consider the following key points:
1. Opting for a reset in Phase 2 implies restarting your journey from Phase 1.
2. When a reset is initiated during Phase 2, a new Challenge account will be issued, commencing from Phase 1.
Upon achieving the Profit Target within a span of 5 days, is access to the Oxiprop account granted?
Certainly, here is a rephrased version of the provided text:
Absolutely, once you achieve the profit target and adhere to all the rules, you are encouraged to progress to the next stage in as little as 5 days for each Phase.
This means you only need to execute a minimum of five distinct and separate trades per trading cycle. For instance, if your trading cycle commences on January 1st and concludes on January 31st, you must initiate a new trade on at least five of those days. It's worth noting that your trading days do not necessarily have to be consecutive, and, for added flexibility, there is no maximum limit on the number of trades you can conduct each month.
Given that the minimum trading days for an Azeroth Challenge are 5 days, it is essential to maintain these 5 minimum trading days even if you achieve the profit target earlier.
If you manage to reach the 5% profit target in your Phase 2 account within 5 days while adhering to all the rules, you will qualify for the Oxiprop funded account.
How many opportunities for Free Retakes are available within the Azeroth Challenge?
Certainly, here is the text with "Oxiprop" replacing "Oxiprop" throughout:
Oxiprop offers traders the chance to retake the Oxiprop Azeroth Challenge for free. To qualify for a free retake in the Oxiprop Azeroth Challenge, traders must meet the following criteria:
1. The account must end in profit with all positions closed. Even a cent's profit will count.
2. Must trade for at least 5 minimum trading days.
3. Must follow all trading objectives without any violations.
If you meet these criteria, you'll receive a free retake to restart your trading journey. The best part is that the free retake will be automatically applied on the last day of your trading cycle, making it convenient for you.
It's important to note that the free retake option is available exclusively for the Azeroth Challenge during Phase 1, allowing you to demonstrate your abilities and potentially secure an Oxiprop account.