Account Information
What financial backing can I receive as a Trader with Oxiprop?
Oxiprop provides a variety of initial balance options across all challenges, comprising $6,000, $15,000, $25,000, $50,000, $100,000, or $200,000. Notably, for the Sparta Non-Consistency Challenge, participants can choose from starting balances of $6,000, $15,000, $25,000, $50,000, and $100,000. Should you aspire to engage in trading with an increased account balance, Oxiprop introduces a Scale-Up plan tailored explicitly for traders showcasing consistency in their trading strategies and effective risk management. This exclusive plan enables traders to explore the opportunity of trading with a higher account balance, thereby enhancing their trading potential.
What is the profit-sharing arrangement like at Oxiprop?
In our Sparta Oxiprop account, during the initial withdrawal, you will receive 60% of the profit. Subsequently, the profit share increases to 75%, and eventually, 90% will be applied.
For the Azeroth and Shadowland Stage 2 Oxiprop account, an 80% profit share is granted initially. Upon opting for scale-up, traders become eligible for a 90% profit share.
In the Shadoland Stage 1 Oxiprop account, traders receive a 90% profit share right from the start.
What payment options are supported by Oxiprop?
Oxiprop places a premium on your convenience and offers a diverse array of payment methods. BTC (Bitcoin), BUSD, USDT (TRC20), Perfect Money are welcomed at Oxiprop.
To facilitate the payment process for your account, please follow these stages:
Stage 1: Navigate to the 'Billing' section on your dashboard.
Stage 2: Choose your desired account model, and upon making your selection, click 'Enroll Now' to proceed.
Stage 3: In the ensuing stage, you will be presented with a variety of payment methods, as illustrated below. Opt for the method that suits your preference and complete the payment process.
When will I get the account credentials after payment?
Upon completion of your payment, your account processing will be initiated promptly. For payments made through cryptocurrencies, you will receive your account credentials instantly.
Once your account creation is successfully processed, you will receive an email notification. Within this email and on your client dashboard panel, you will find your login credentials. In case you do not find the email in your inbox, please check your spam/junk folder.
Oxiprop strongly emphasizes the importance of securing your login credentials and advises against sharing them with anyone else. It is crucial to protect your account information and maintain exclusive control over its access.
When is the deadline for submitting my KYC documents to Oxiprop?
To qualify for an Oxiprop account in the Azeroth & Shadowland Challenge and to be eligible for a payout from the Sparta Challenge, it is imperative to submit the essential documents for identity verification.
Photo of your National ID/ Passport/ Driving License.
How do I go about fulfilling the KYC verification requirements with Oxiprop?
Completing the KYC (Know Your Customer) verification process is a crucial step to uphold the security and compliance standards of our trading platform. Here's a comprehensive guide on how to successfully complete the process:
Stage 1: Notification and Accessing the Verification Center:
After successfully completing the challenge phases, you will receive a notification on your dashboard prompting you to initiate the KYC verification process. Click on the "Verify Now" button provided, directing you to the "Verification Center" page. Alternatively, access the "Verification Center" through the "My Profile" section of your account.
Stage 2: Start Verification:
On the "Verification Center" page, find instructions along with the "Start Verification" button. Click on this button for verification.
Stage 3: Required Documents:
To complete the KYC verification process, provide specific documents. A valid photo ID such as National ID, Passport, or Driving License is required. Note that KYC verification cannot proceed with expired documents. Ensure the submission of the most recent and valid documents.
Stage 4: Document Submission and Agreement Signing:
After gathering the necessary documents, submit them through the provided link. Upon successful submission, you'll receive a notification confirming that your verification data has been received. Click "Continue" to proceed to the "Agreement Signing" page in the "Verification Center" of your dashboard profile. Enter your full name and address, agreeing to the terms and conditions, then click "Submit."
Stage 5: Verification Review and Account Eligibility:
After completing all required stages, a window will indicate that your documents are under review. The verification process typically takes 24-48 hours. Upon successful completion, a notification in the verification center will confirm your verification. At this point, you become eligible to receive your Oxiprop Account.
It's crucial to note that failure to pass the KYC verification process will lead to the rejection of your Oxiprop Account application. If you encounter difficulties or have questions during the KYC verification process, contact the Oxiprop Support Team for guidance and assistance.
Does Oxiprop provide a Scale-Up plan?
Oxiprop offers a Scale-Up plan designed for traders consistently showcasing success and adherence to trading rules.
The Scale-Up plan extends an opportunity for traders to enhance their trading activity, potentially securing a capital allocation of up to 5 million. Skillful and disciplined traders aspiring to elevate their trading ventures can leverage Oxiprop's scaling-up plan. The eligibility criteria for the Azeroth, Sparta, or Shadowlands Models remain consistent, simplifying the process.
Review Process & Eligibility Criteria:
To be considered for scaling up, traders must meet the following eligibility criteria in an Oxiprop account over a four-month period:
- Achieve a minimum accumulated account growth of 10% in four consecutive months.
- Receive at least two payouts within these successive four months.
- Ensure the last trading cycle concludes in profit.
Oxiprop accounts (Azeroth, Sparta, or Shadowland) undergo a review every four months. Traders meeting the eligibility criteria become eligible for a 40% increase in the account balance, up to a maximum of 5 million.
Based on the trader's performance over the four consecutive months and meeting all other criteria, Oxiprop will conduct a review of the trader's account and potentially scale it up by 40%. Consequently, with the 40% Scale Up, the new account balance is $140k.
Considering the updated account balance:
- The daily loss limit is 5% of $140k, totaling $7k.
- The overall loss limit is 10% of $140k, amounting to $14k.
- The new Scale-Up target for the next four months is a 10% account growth of $140k.
Scaling up with Oxiprop is a straightforward process, offering traders enhanced opportunities.
However, if a trader achieves 10% of their profit target for scaling up but fails to make a profit in the last trading cycle, they won't be eligible for the Scale-Up plan. For instance, a trader starting on January 1st, after four consecutive months (January, February, March, and April), achieves a 10% profit by the end of April but is unable to end the last trading cycle in profit. In this scenario, the trader's account will be reevaluated in May, following the completion of their trading cycle (February, March, April, and May). The trader will be eligible for the Scale-Up plan if they meet all the criteria during the most recent four-month period.
Am I permitted to combine my accounts in Oxiprop?
Yes, you do have the option to combine your accounts, up to $300,000 of your Oxiprop account, subject to specific conditions.
To merge accounts, both accounts must be in the same challenge. For example, you can merge an Sparta Non-Consistency Oxiprop account with another Sparta Non-Consistency Oxiprop account. However, merging accounts from different challenges is not allowed.
Merging is not permitted if there are any open trades or if the account is in the middle of a trading cycle. Ensure that there are no open trades and that your account's trading cycle is complete before initiating a merge. Accounts with a negative balance cannot be merged.
Follow the guidelines provided and contact our Oxiprop Support Team if you have further questions or need assistance with merging your accounts.
Regarding the Challenge Phase:
Unfortunately, traders are not allowed to merge their accounts during any Challenge Phases at Oxiprop. Once you receive your Oxiprop account, you will be eligible to merge your accounts.
Payout Percentage on the Merged Account:
Upon merging accounts, the profit split percentage will revert to the lower profit split percentage of the two accounts. For instance, if one account has a 90% profit share and the other has 80%, the default payout after merging will be 80%. However, it is still possible to scale up the newly merged account to become eligible for a higher profit split percentage after a 4-month period, provided that all scale-up criteria are fulfilled.
Please note that it is not possible to merge an add-on account with a non-add-on account.
What is the commission structure for the trading account at Oxiprop?
Oxiprop provides some of the most competitive commission rates in the proprietary trading industry. Traders can take advantage of these favorable rates, enhancing their profitability while experiencing transparent and fair trading costs.
What level of leverage is available for the trading account at Oxiprop?
Oxiprop provides competitive leverage options within the proprietary trading industry, empowering traders to maximize their trading potential while maintaining careful risk management. The offered leverage ratios enable traders to optimize their strategies and responsibly capitalize on market opportunities.
What is the minimum number of trading days required in Oxiprop Challenges?
The minimum number of trading days required for challenges at Oxiprop varies based on the specific challenges.
For Sparta and Shadowland Stage 2 Challenge accounts, the minimum trading day requirement is 5 trading days. For Shadowland Stage 1 Challenge accounts, the minimum trading day requirement is 2 trading days.
It's essential to highlight that there is no maximum trading day requirement in the Azeroth, Shadowland Stage 1, and Shadowland Stage 2 Oxiprop accounts.
Conversely, for the Azeroth account, the minimum trading day requirement is 10 trading days. Traders are expected to actively participate for a minimum of 10 trading days in the Azeroth account. This minimum trading day requirement applies to both the Challenge account and the Oxiprop account.
Does my trading cycle commence with the initiation of my first trade at Oxiprop?
The trading cycle at Oxiprop commences when you execute your first trade, not when your account is initially activated.
For instance, if you receive your account on a Sunday and initiate your first trade on a Wednesday, your trading cycle will commence on Wednesday, not on Sunday.
This rule is applicable to both Challenge accounts and Oxiprop accounts, and it applies to every trading cycle within both account types.
Does Oxiprop offer Swap Free accounts?
Certainly, Oxiprop offers swap-free accounts in all challenges, catering to clients who prefer to avoid overnight holding charges.
With a swap-free account, clients can experience the same trading conditions as regular Oxiprop account holders during the challenge phase, without the need for additional documentation. Oxiprop acknowledges that some clients may have personal or religious beliefs that prevent them from paying or receiving interest, and the company respects and accommodates these preferences.
Furthermore, Oxiprop provides raw spreads in swap-free accounts.
It's essential to note that the pricing for swap-free accounts is 10% higher than regular accounts. This adjustment is made as Oxiprop covers the cost of overnight holding charges, which is typically borne by clients.
What is the maximum daily drawdown limit at Oxiprop?
Certainly, here are the daily drawdown rules for Azeroth, Sparta, Shadowland Stage 2, and Shadowland Stage 1 accounts:
For Azeroth, Sparta, and Shadowland Stage 2:
Traders are permitted to incur a daily drawdown of up to 5% of their initial account balance. For example, if the initial account balance is $100,000, the daily drawdown limit is $5,000. If, at any point during the day, the combined total of running and closed losses exceeds $5,000, it will be deemed a violation of the daily drawdown rule.
For Shadowland Stage 1:
Traders are allowed to experience a daily drawdown of up to 3% of their initial account balance. Using a $100,000 initial account balance as an example, the daily drawdown limit is $3,000. If, at any time during the day, the aggregate of running and closed losses surpasses $3,000, it will be considered a violation of the daily drawdown rule.
How can I compute the daily drawdown at Oxiprop?
Certainly, let's summarize the daily drawdown rules for traders in the Azeroth, Sparta, and Shadowland Stage 2 challenges, as well as the calculation method:
Daily Drawdown Limits:
- For Azeroth, Sparta, and Shadowland Stage 2 challenges: Traders are allowed a daily drawdown of up to 5% of their initial account balance.
- For Shadowland Stage 1 challenge: Traders have a daily drawdown limit of 3% of their initial account balance.
Calculation Method:
To calculate the daily loss limit, you can use the following formula:
Daily loss limit = Your Last day's Balance - Today's Balance or Equity.
Important Points to Consider:
1. Your daily loss limit will be reset at 00:00 according to the server time.
Case 1
Example Calculation If you have a $100,000 account with a daily drawdown limit of $5,000, and you've lost $3,000 in closed trades, you cannot lose more than $2,000, including floating losses. A violation occurs if you exceed this limit.
Case 2
Example Calculation If you gained $5,000 in profit, your allowable loss for the day is $10,000 (profit + daily loss limit). Exceeding this limit would be considered a violation.
Case 3
Example Calculation If you lost $3,000 in a day, then took a trade with a floating loss of -$2,500 (which eventually turns into a positive $500), you would breach the daily loss limit once your loss exceeds $5,000.
Case 4
Example Calculation Your daily loss limit is reset at midnight. If you have a floating loss of $6,000 after midnight, it will be considered a violation because it exceeds the daily loss limit of $5,000.
These guidelines help traders understand and adhere to the daily drawdown rules to ensure responsible trading within the specified limits.
What is the maximum overall drawdown limit at Oxiprop?
Certainly, here are the overall drawdown rules for traders in the Azeroth, Sparta, Shadowland Stage 2, and Shadowland Stage 1 challenges:
For Azeroth, Sparta, and Shadowland Stage 2:
Traders are permitted an overall drawdown of up to 10% of their initial balance. This means they can incur losses up to 10% of the initial account balance they start with.
For Shadowland Stage 1:
Traders in the Shadowland Stage 1 challenge have a maximum allowable overall drawdown of 6% of their initial balance. This implies they can experience losses of up to 6% of the initial account balance they start with.
How can I calculate the overall drawdown at Oxiprop?
Certainly, let's summarize the overall drawdown rules for traders in the Azeroth, Sparta, and Shadowland Stage 2 challenges, as well as the calculation method:
Overall Drawdown Limits:
- For Azeroth, Sparta, and Shadowland Stage 2 challenges: Traders are allowed a maximum overall drawdown of 10% from their initial balance.
- For Shadowland Stage 1 challenge: Traders have a maximum allowable overall drawdown of 6% from their initial balance.
Calculation Method:
To calculate the overall drawdown limit, you need to consider the percentage of the initial balance. Here's how it works:
Case 1
Example Calculation
- Suppose you start with a $100,000 account, and your overall maximum loss limit is set at 10% ($10,000). If your account balance/equity drops below $90,000, it will be considered a violation.
Case 2
Example Calculation
- If you start with a $100,000 account and make a $4,000 profit, your overall maximum loss limit increases to $14,000 ($10,000 original limit + $4,000 profit). You can sustain a total loss of $14,000, and if your account balance/equity drops below $90,000, it will be considered a violation.
Case 3
Example Calculation
- If, after your trading cycle, you end up with a $2,000 loss, your overall maximum loss limit will not be reset in the next cycle. It will be reduced to $8,000 ($98,000-$90,000). If your account balance/equity drops below $90,000, it will be considered a violation.
Understanding these overall drawdown limits is crucial for effective risk management and ensuring a successful trading journey. Keeping the account balance/equity above the specified thresholds helps traders avoid potential violations.
Do I need to adhere to the daily loss limit and overall loss limit in my Oxiprop account?
Certainly, traders are obligated to adhere to the daily loss limit and overall loss limit rules when trading in the Oxiprop account.
The daily loss limit imposes a ceiling on the maximum amount of losses that can be incurred in a single trading day. Simultaneously, the overall loss limit establishes a cap on the total accumulated losses over a specified period.
By conscientiously following these rules, traders can effectively manage risk, preventing the occurrence of excessive losses. This commitment to risk control contributes to a disciplined and responsible trading approach within the Oxiprop platform.
Will I receive a certificate from Oxiprop?
Oxiprop deeply appreciates your trading skills and talents. As a token of recognition for your achievements, you will be awarded certificates from Oxiprop. There are 5 types of certificates available: Elite Trader Certificate, Crown Trader Certificate, Payout Certificate, Lifetime Certificate, and Max Allocation Certificate.
How do I obtain the certificates awarded by Oxiprop?
Oxiprop highly values your trading skills and accomplishments. To receive your certificates, the process is fully automated for your convenience. Simply log in to your Oxiprop Dashboard and navigate to the left side of the dashboard, where you will find the "Certificates" section. By clicking on it, you will have access to the certificates available based on your achievements. With just a single click, the certificate will be generated and delivered to your registered email address.
You will receive the Elite Trader Certificate under the following conditions:
Upon successfully completing Challenge Phase 1 of the Azeroth and Shadowland Stage 2 account
Upon successfully completing the Shadowland Stage 1 Challenge account
Upon receiving your first payout from the Sparta Challenge account
You will receive the Crown Trader Certificate under the following conditions:
Upon successfully receiving the first payout from the Oxiprop account, applicable to Sparta, Azeroth, Shadowland Stage 1, and Shadowland Stage 2 Oxiprop accounts
You will receive the Payout Certificate under the following condition:
Upon successfully receiving payout from the Oxiprop account, applicable to Sparta, Azeroth, Shadowland Stage 1, and Shadowland Stage 2 Oxiprop accounts
You will receive the Lifetime Certificate under the following condition:
Upon successfully receiving three payouts from the Oxiprop account, applicable to Sparta, Azeroth, Shadowland Stage 1, and Shadowland Stage 2 Oxiprop accounts
You will receive the Max Allocation Certificate under the following condition:
The Max Allocation Certificate can be obtained by achieving a $300,000.00 Oxiprop account size. In countries where a maximum allocation limit is set, the stipulated amount will be deemed as the max limit for allocation. For example, if you have received $200,000.00 in the Sparta Non-Consistency Oxiprop account and $100,000.00 in the Azeroth Oxiprop account, you will have reached the maximum account size with Oxiprop, making you eligible for the Max Allocation Certificate.
How frequently will I receive payouts from Oxiprop?
Kindly review the following information regarding the payout details for our various challenges:
Azeroth Challenge:
Azeroth Challenge Phase 1 and 2:
If you adhere to all the rules, you will receive a 20% profit share from Phases 1 and 2, withdrawable once you achieve a 5% growth in your Oxiprop account.
Azeroth Oxiprop Account:
Upon acquiring your Oxiprop account, your profit share will increase to 80%. Your initial payout will occur after four trading weeks (28 days), followed by payouts every two trading weeks (14 days). Your Oxiprop Account profit share will reach 90% once all the scale-up criteria are met.
Sparta Challenge:
Sparta Challenge Phase:
Compliance with all the rules will earn you a 15% profit share every trading cycle (28 days) until you achieve a 25% profit in your Challenge account.
*Sparta Oxiprop Account:*
Upon reaching a 25% profit, you will be granted an Sparta Oxiprop account, and your profit share will escalate. In the initial withdrawal, you'll receive 60% of the profit; subsequently, 75%, and finally, 90% of the profit share will be applied consecutively in each trading cycle (28 days). Additionally, you will receive the subscription fee refund during your first payout from the Oxiprop account.
Shadowland Challenge:
*Shadowland Stage 1 Challenge Phase:*
Compliance with all the rules will entitle you to a 20% profit share from the Challenge Phase, withdrawable once you attain a 5% growth in your Oxiprop account.
*Shadowland Stage 1 Oxiprop Account:*
Upon receiving your Oxiprop account, your profit share will increase to 90%. Payouts will commence every 5 business days starting from the first cycle. Additionally, during your first payout from the Oxiprop account.
Shadowland Stage 2 Challenge Phase 1 and 2:
Adherence to all the rules will result in a 20% profit share from Phases 1 and 2, withdrawable once you achieve a 5% growth in your Oxiprop account.
*Shadowland Stage 2 Oxiprop Account:*
Upon acquiring your Oxiprop account, your profit share will rise to 80%. Your initial payout will occur after four trading weeks (28 days), followed by payouts every two trading weeks (14 days). Additionally, during your first payout from the Oxiprop account. Your Oxiprop Account profit share will reach 90% once all the scale-up criteria are met.
Is there an option for a free trial at Oxiprop?
Oxiprop, as part of its trading program, does not provide free trial accounts. This deliberate choice is aligned with our profit-sharing model, where traders at Oxiprop are eligible for a profit share based on their trading performance.
By excluding free trial accounts, a framework is established where participants have a genuine commitment to their trading performance. This approach encourages traders to showcase their skills, knowledge, and profitability, fostering a competitive trading environment within our program.
Am I eligible for a profit share if I exceed the target profit amount at Oxiprop?
Oxiprop acknowledges and values the trading abilities of its traders. As part of the profit-sharing, during the Challenge Phase of all of our Challenges, traders are eligible to receive a percentage share of their profits.
Here is an example:
Let's consider you have purchased a Shadowland Stage 1 100,000 challenge. In this case, the profit target is set at 10% of the starting account balance, which amounts to $10,000. Therefore, traders are required to reach a profit of $10,000 to meet the target.
From this $10,000 target, the trader will receive a profit share percentage, which will be determined based on the specific terms of the trading program. For instance, if the profit share percentage is 15%, the trader will receive a profit share of $1,500. It is important to note that even if the trader exceeds the profit target and achieves a higher amount, such as $12,000, the profit share will still be calculated based on the initial target of $10,000 and the agreed-upon percentage.
Can I purchase a new account with my profits at Oxiprop?
If you have earned profits from your Oxiprop account, Oxiprop allows you to utilize those profits to purchase a new account.
This means that instead of withdrawing the profits as cash, you can use them to cover the registration fee for a new trading account.
However, it's important to note that the amount of profits must be equal to or greater than the registration fee required for the new account.
If you wish to purchase an account with your profit, please reach out to our Support at Oxiprop.
How many accounts am I allowed to have with Oxiprop?
Oxiprop allows users to have a maximum of $300,000 in amount across their accounts. This amount limit can be achieved through a single challenge or a combination of the Shadowland, Sparta, and Azeroth challenges.
For example, you can purchase 1 Sparta account with an amount of $100,000, along with 2 Shadowland accounts each with an amount of $100,000, resulting in a total of $300,000.
Another example, you can purchase 1 Sparta account with an amount of $50,000, 1 Shadowland account with an amount of $50,000, and 2 Shadowland accounts, each with an amount of $100,000, resulting in a total of $300,000.
We understand that having multiple accounts may offer flexibility and cater to various trading strategies. Therefore, you have the freedom to allocate your account size as per your requirements, subject to the overall limit of $300,000.
Please be informed that for users in Vietnam, Oxiprop permits a maximum allocation of $100,000 across their accounts, while for users in Pakistan, the maximum allocation is set at $50,000 across their accounts.
It is important to note that if you currently maintain active accounts exceeding this maximum allocation limit, you may continue trading without experiencing any disruptions. However, if you exceed the maximum limit on your account, the option to reset will not be available.
What is the spread of the trading account at Oxiprop?
At Oxiprop, the commitment is to provide traders with the lowest possible spread.
How can I make a payment through cryptocurrency at Oxiprop?
Oxiprop provides users with a broad array of choices, featuring 4 diverse cryptocurrencies for transactions on our platform. Among the popular options are:
- Binance Coin
- Bitcoin (BTC)
- Tron (TRX)
- Tether (USDT-TRC20)
When making a payment on Oxiprop, precision in the transaction amount is paramount, especially concerning the challenge account size you intend to purchase.
For instance, if you plan to acquire the Shadowland Stage 2 $200K challenge account with a 3% commission, the total price amounts to 1028.97 USDT. To ensure a seamless transaction, it's vital to remit this precise amount. Any deviation, whether an overpayment or underpayment, could disrupt the automatic account allocation process.
During payment initiation, selecting the appropriate network is imperative for a successful transaction. Be cautious to choose the network that corresponds to your selected cryptocurrency.
If an incorrect network is chosen for your cryptocurrency payment, we cannot be held responsible for any lost funds. It's essential to double-check and confirm the correct network before proceeding with the payment.
In cases where your payment exceeds the estimated processing time, we kindly ask for your patience. Cryptocurrency transactions may experience occasional delays due to network congestion. If you have concerns, you can verify the transaction status using a blockchain explorer or reach out to our support team for assistance.
What does having a Oxiprop account mean?
An Oxiprop account is a comprehensive simulated account with actual market quotes sourced from liquidity providers. Nevertheless, we retain the authority to dispatch trades to the market at our discretion through aggregated orders.
Trading Conditions and Policies
Are there any country restrictions imposed by Oxiprop?
Oxiprop highly esteems its varied community of traders across the globe. There is no restriction for any country across the world.
Which trading platforms are compatible with Oxiprop?
Oxiprop provide the access to Oxiprop Exchange platform which called Oxichange cryptocurrency Exchange.
What is the minimum payout limit for Oxiprop?
The minimum withdrawal threshold at Oxiprop is determined by considering both the withdrawal amount and your preferred payout methods.
Should the withdrawal amount fall below $21, you won't be able to initiate a payout request during that cycle. Instead, the amount will be carried over and reconciled with the subsequent payout.
In the case where the withdrawal amount ranges between $21 and $50, you have the option to request the payout in USDT (TRC20).
How does the adjustment of outstanding profit operate in the event of an account breach?
If your account exhibits a withdrawable profit below $21, but it breaches in the following trading cycle, the outstanding profit from the prior trading cycle will be adjusted and processed. This mechanism ensures that you receive your accrued earnings. To initiate this adjustment, please reach out to the Oxiprop Support Team, who will guide you through the payout processing.
Kindly note that these policies are subject to updates, and the most recent information can be accessed on our website.
What is the Copy Trading rule at Oxiprop?
Oxiprop provides traders with the opportunity to participate in copy trading, allowing them to replicate trades from the others own Oxiprop account.
However, it is strictly prohibited to engage in copy trading between multiple accounts not owned by the same individual, including those belonging to relatives, family members, or friends. Furthermore, certain activities are explicitly forbidden:
If a significant percentage of a trader's trades closely resemble those of one or multiple traders based on parameters such as opening and closing prices, lot size, lot ratio, symbols, etc., Oxiprop employs an automated flagging system to identify such trades. Triggering a flag initiates a manual review, and depending on the severity of the violation, one of two actions may be taken:
i. A warning will be issued alongside a deduction of profits, and the account will be reset.
ii. If the account is not in profit, it will be terminated directly without any profit share.
While traders are permitted to use the same Expert Advisor as others, they must ensure that their trading parameters are unique, reflecting their individual trading style and account. If traders using the same expert advisor exhibit identical trading parameters and similar trades, it will be considered as copy trading.
Engaging in copy trading, account management, and "pass your challenge" services is strictly prohibited. Traders are required to trade independently. Non-compliance with these regulations may result in either a formal warning or immediate termination from the Oxiprop platform, depending on the severity of the case.
These copy-trading rules aim to ensure fair and ethical trading practices, preventing any misuse of the copy-trading system. By adhering to these regulations, traders can leverage the benefits of the copy trading system while upholding its integrity, thereby fostering a healthy trading environment and maintaining a level playing field for all participants.
Does Oxiprop permit the use of EAs/Indicators?
Certainly, traders have the liberty to employ Expert Advisors (EAs) just we offered in our website but any Indicators which they prefer to augment their trading strategies on the Oxiprop platform. It is incumbent upon each trader to verify that their trading parameters are distinctive and aligned with their unique trading style and account.
Although traders can utilize the same Expert Advisor or Indicator as their peers, it is crucial to tailor the settings and parameters to create a distinction in their trades.
However, certain trading activities are strictly prohibited on the Oxiprop platform due to their perceived market abuse.
Is News Trading allowed on the Oxiprop platform?
Traders are granted the freedom to engage in trading during news events in both the Challenge Phase and Oxiprop Account of Azeroth Challenge and Shadowland Challenge on Oxiprop.
However, in the Sparta Challenge, encompassing both the Challenge phase and Oxiprop account, a restriction is imposed. Traders are prohibited from initiating or concluding any trade within a 5-minute window before and after the occurrence of news events. This restriction applies to both Market Execution and the initiation or conclusion of Pending Orders, which includes actions like setting take profit and stop loss orders.
Can I open or close a position during news events with Oxiprop?
Certainly! Here is the modified text with "Oxiprop" replacing "Oxiprop":
Oxiprop allows traders to trade during news events for both Sparta and Shadowland Challenges, applicable to both the Challenge Phase and Oxiprop Account.
However, in the Azeroth Challenge, encompassing both the Challenge Phase and Oxiprop Account, a specific restriction is in place. Traders are not permitted to initiate or conclude any trade within a 5-minute window before and after news events. This restriction applies to both Market Execution and the initiation or conclusion of Pending Orders, including actions like setting take profit and stop loss orders.
To illustrate, suppose a high-impact news event occurred at 7:30 AM on May 2nd. In adherence to our rules, traders were restrained from opening or closing trades from 7:25 AM to 7:35 AM, totaling a 10-minute restriction period.
It is important to note that traders are allowed to maintain their ongoing trades during news events. Furthermore, only high-impact news events directly correlated with the trading pairs will be considered. If the news is not directly associated with the trading pair or is of low or mid-impact, traders are free to initiate trades.
Are there any restrictions on the position size at Oxiprop?
No, there are no limitations on position sizes while engaging in trading on Oxiprop. This implies that you have the flexibility to select any position size that aligns with your trading plans, risk management strategies, and overall trading objectives. Whether you opt for smaller or larger lot sizes, Oxiprop provides you with the liberty to make these decisions based on your requirements and preferred trading style.
It is crucial to exercise prudence in utilizing this flexibility, refraining from any form of speculative behavior, and adhering to sound risk management principles.
Is it compulsory to use Stop-Loss (SL) for all trades on the Oxiprop platform?
There are no limitations on the use of stop-loss (SL) for each of your trades, providing you with the freedom to trade with or without implementing it.
A stop-loss order (SL) functions as a risk management tool, aiding in constraining potential losses by automatically closing a trade when the price reaches a predetermined level. The decision to employ this tool is entirely at your discretion, aligning with your personal trading strategy and risk tolerance.
Are there any limitations on my trading strategy with Oxiprop?
You enjoy complete autonomy in defining your trading style on Oxiprop. Oxiprop refrains from imposing any limitations or restrictions on your strategy, whether it encompasses discretionary trading or the use of Expert Advisors (EAs) employing martingale strategies to generate profits.
As long as your trading practices align with legitimacy and comply with prevailing market conditions, and Oxiprop can incorporate your trades, there are no restrictions on your selected trading style or strategy. Oxiprop does not impose any limitations on trading strategies whatsoever.
However, it is crucial to note that certain trading activities are strictly prohibited on the Oxiprop platform due to their perceived market abuse.
How does Oxiprop ensure Fairness & Transparency in trading?
To ensure fairness and transparency in trading, Oxiprop is dedicated to creating a level playing field for all clients. Stringent policies and robust monitoring systems are integrated to maintain the integrity of our platform and prevent any activities that may compromise its fairness.
To promote a fair trading environment, the following activities are strictly prohibited on Oxiprop :
- Hyperactivity
- Latency Trading
- Copy Trading from Others
- Hedging or Group Hedging
- Tick Scalping
- Grid Trading
- One-sided Betting
- Account Sharing
- Use of Guaranteed Profit with Limit Orders
- Use of Platform or Data Freezing Due to Demo Server Errors
Engaging in these practices is not in line with our commitment to fairness and is not tolerated on our platform. Oxiprop takes a strong stance against actions that may undermine the integrity of the financial markets.
What are the restricted/prohibited trading strategies at Oxiprop?
Oxiprop strictly prohibits any form of cheating or exploitation of the platform, as it goes against our Terms of Service (TOS) agreed upon during registration. Traders are urged to thoroughly read our Terms of Service and understand the following guidelines to prevent unintended consequences.
Abuse of the System means that trading styles that do not reflect real market trading are not allowed and will result in a breach of our Terms of Service without any warning. Strategies that produce risk-free, consistent profits exclusively on Challenge accounts are strictly forbidden. Traders are expected to trade on their accounts as if they were Oxiprop accounts. Utilizing strategies that exploit Challenge accounts will lead to the termination of a Oxiprop Trader's account, whether in the evaluation phase or while a Oxiprop account, "Pass Your Challenge," "Copy Trading Services," or "Signal Services" is also strictly prohibited, resulting in the denial of any Oxiprop accounts and a permanent ban from all Oxiprop services.
Example Strategies That Violate our Terms of Service:
High-Frequency Trading:
High-Frequency Trading (HFT) is a trading strategy characterized by the use of sophisticated computer algorithms and high-speed telecommunication networks to execute an excessive number of trades within milliseconds. This strategy aims to capitalize on minuscule price fluctuations and exploit market inefficiencies. While HFT may seem enticing due to its potential for rapid profit generation, it poses significant risks and can have detrimental effects on the market.
Here's why HFT is restricted on the Oxiprop platform:
HFT trading can distort market prices and create artificial demand or supply. By executing a large volume of trades within milliseconds, HFT traders can create false impressions of market activity, influencing other participants' decisions and leading to market manipulation. Excessive trading volumes generated by high-frequency trading can disrupt market stability. The rapid influx and outflow of orders can create volatility, leading to erratic price fluctuations and increased market uncertainty, making it challenging for other traders to make informed decisions. Due to huge amounts of trades in a short period of time, the servers usually freeze and create consequences.
Example: An HFT trader places a series of buy orders within milliseconds, causing the price of a market to rise artificially. Other traders, observing the sudden surge, may be misled into buying at inflated prices, leading to potential losses when the market corrects itself. An HFT trader also executes a large number of rapid-fire trades within milliseconds, causing rapid price swings in a particular asset. The increased volatility and unpredictability make it difficult for other market participants to accurately assess market conditions and plan their trading strategies.
Latency Trading:
Latency trading refers to the practice of executing trades based on delayed market data or exploiting delays in the execution of trades to secure guaranteed profits. At Oxiprop, latency trading is strictly prohibited due to its unethical nature and violation of fair trading practices in the financial markets.
Example: Latency trading goes against the principles of fair and transparent trading. It undermines the integrity of the financial markets by introducing an element of unfairness and eroding trust among market participants. A latency trader identifies a delay in trade execution and takes advantage of the price discrepancy between the delayed trade execution and the current market price. They execute a large volume of trades within seconds to capitalize on the price difference, creating artificial buying or selling pressure and manipulating the market. By knowingly engaging in such practices, they compromise the fairness and transparency that underpin a healthy trading ecosystem.
Copy Trading From Others:
Oxiprop allows traders to engage in copy trading from another Oxiprop account, prop firm, or retail broker, provided that the accounts are owned by the same individual. This means that you can copy trades from any account(s) that you own.
However, copy trading between multiple accounts not owned by the same individual, including those of relatives, family members, or friends, is strictly prohibited.
Hedging or Group Hedging Across Various Accounts:
Hedging is allowed at Oxiprop under the same account.
However, hedging using multiple accounts is not allowed as it does not reflect a proper trading strategy. For example, if you have two accounts, you are not allowed to place hedged entries between them.
Hedging or group hedging across multiple accounts refers to a trading tactic where a person or group opens multiple accounts and executes opposing trades on the same asset across all accounts. This strategy aims to capitalize on price fluctuations while minimizing market risk. However, it does not reflect genuine trading intelligence and is prohibited.
Tick Scalping:
Tick scalping refers to a trading strategy where traders aim to profit from small price fluctuations by executing a high volume of trades within a short time frame. At Oxiprop, limitations have been imposed on tick scalping as a result of its capacity for market manipulation and disruptive trading practices.
Example: A tick scalper uses automated trading algorithms to scalp ticks on instruments. By executing trades at lightning speed, they can exploit even the smallest price movements, effectively front-running other market participants and gaining an unfair advantage. The rapid influx of orders and subsequent cancellations can strain market liquidity, making it challenging for other traders to execute their trades at fair prices.
Grid Trading:
Grid trading refers to a trading strategy where opposing buy and sell orders for the same financial instrument, with similar risk parameters. At Oxiprop, grid trading is prohibited due to its potential for market manipulation, over-leveraging, market instability, and the pursuit of risk-free profits.
Example: A trader employs grid trading by simultaneously placing buy and sell orders on a particular currency pair with the intention to profit from price oscillations. By repeatedly executing these opposing orders, they can create the illusion of market activity, influencing other participants' trading decisions. A trader utilizes grid trading with aggressive leverage, opening numerous buy and sell positions on a volatile market. Despite the appearance of a controlled strategy, the accumulated exposure to price movements and the associated leverage can result in substantial losses if the market moves unfavorably.
One-sided Betting:
One-sided betting refers to a trading strategy where a trader consistently takes positions in a single direction without considering market conditions or conducting the proper analysis. At Oxiprop, one-sided betting is restricted due to its speculative nature and potential for significant losses. One-sided betting engages by continuously selling or buying any instrument without considering fundamental news, economic indicators, or technical signals that suggest a potential price increase or decrease. This lack of analysis increases the likelihood of entering trades with unfavorable risk-reward ratios.
Example: A trader engages in one-sided betting by continuously buying a particular instrument without considering any potential negative factors or indications of an upcoming downturn in the market. This lack of diversification leaves them vulnerable to substantial losses if the instrument price unexpectedly declines.
Account Sharing:
Account sharing refers to the unauthorized practice of sharing or reselling Oxiprop accounts with other individuals or entities. This behavior violates Oxiprop's Terms of Service and is strictly prohibited. A zero-tolerance stance towards account sharing is maintained due to several reasons related to security, fairness, and compliance.
Hyperactivity:
Hyperactivity in trading refers to an excessive level of trading activity by a trader, characterized by the frequent and rapid execution of trades within a short period. This also includes frequent modifications to orders, such as adjusting stop-loss or take-profit levels and updating limit orders.
Here's why hyperactivity is restricted on the Oxiprop platform:
While trading is an essential aspect of our platform, excessive trading actions can lead to some challenges. The primary concern is the potential slowing down of the platform due to the overwhelming number of server messages/logs generated by numerous trades. This can result in delayed trade executions, which can be extremely frustrating for traders. In extreme cases, it might even freeze or crash the whole platform.
To ensure that all our traders have a smooth and reliable experience, we're taking measures to avoid hyperactivity. The industry defines an account as hyperactive if it surpasses 200 trades or 2,000 server messages in a single day. This count also includes messages associated with frequent modifications to orders, such as adjusting stop-loss or take-profit levels and updating limit orders.
Consequences of Exceeding the Limit:
The Oxiprop team will issue the first warning to adjust trading strategies when an account exceeds 2,000 messages for the initial occurrence. Subsequently, a second warning will be sent should the account exceed this message limit once more. If an account reaches this limit for the third time, it will be considered hyperactive, and the account will be breached. Furthermore, If an account generates 15,000 messages in a day, the account will be forcefully disabled to prevent further strain on the system.
Use of Platform or Data Freezing Due to Demo Server Errors:
The use of any unfair advantage, such as platform or data freezing due to demo server errors, is strictly prohibited. This ensures a level playing field for all traders and prevents misleading or deceiving practices. Traders found engaging in such behavior will be investigated, and appropriate actions, including the revocation of access to our demo servers, may be taken. In the event of server issues, traders are encouraged to report the problem to Oxiprop's support team promptly.
Use of guarantee of profit with limit orders during low liquid market
The implementation of guaranteed adherence to limit orders is forbidden as it has the potential to bypass regulatory constraints and exploit the low-liquid market.
This exploitative behavior stems from the fact that trading occurs on a simulated platform. Utilizing such guaranteed compliance with limit orders, traders might evade the order executions that would have taken place in an actual market scenario, rendering this approach inconsistent with genuine financial market operations. As a result, this type of trading activity violates the Terms of Service established by Oxiprop.
Is there any age restriction for joining Oxiprop?
To open a Oxiprop trading account with Oxiprop, individuals must be at least 18 years old. This age requirement is in place due to the significant risks associated with trading, which demand a certain level of maturity and responsibility.
Additionally, the process of opening a Oxiprop trading account involves entering into contractual agreements. Legally, individuals under the age of 18 may not possess the legal capacity to enter into binding contracts, including trading agreements. Therefore, adherence to this age requirement ensures that individuals engaging in trading activities on the Oxiprop platform have the legal capacity to enter into such agreements and can responsibly manage the associated risks.
By enforcing these age-related criteria, Oxiprop aims to promote a responsible and legally compliant trading environment for all its users.
Can I modify or share my trading platform password with Oxiprop?
To change the Master Password for an account, including the investor password, follow these steps:
1. Log in to your Account dashboard.
2. Select the specific trading account for which you want to change the password.
3. Navigate to the profile section associated with the selected account.
4. Look for the "Change Password" option within the profile section.
5. Choose the "Generate Password" option.
By following these steps, you can modify the Master Password for the selected account, enhancing security and control over trading activities and sensitive information. Additionally, note that once you generate a new password, it will be sent to the email address associated with your account for further security measures.
Is there an inactivity period for my Oxiprop accounts?
Yes, if you do not trade or log in to the account for 35 consecutive days, then the account will expire, and the system will mark the account as failed. To avoid the account inactivity period timeout, it is recommended to log in to your account at least once or execute a single trade within a period of 35 consecutive days. This ensures that traders are actively participating in the program while limiting hosting fees for accounts that expire and become inactive.
Regarding the inactivity period:
Can I extend the inactivity period or customize it to suit my needs?
No, the inactivity period of 35 consecutive days is a standard policy to ensure active participation. Oxiprop does not offer the option to extend or customize the inactivity period, and the policy applies uniformly to all accounts.
How can I request a new account after expiration?
If your account has expired due to inactivity, you can contact Oxiprop's support team to request a new account. They will guide you through the process and assist you in getting started again.
Are there any fees associated with account expiration?
No, there are no fees specifically associated with account expiration due to inactivity.
If you have any further questions or need assistance regarding the inactivity period or account expiration, please don't hesitate to contact Oxiprop's Support Team.
Are there any undisclosed fees or recurring charges associated with Oxiprop?
Rest assured, at Oxiprop, transparent and straightforward pricing is prioritized. Here's what you need to know:
No Hidden Fees: The fee structure is designed to be free from any additional or hidden charges.
No Recurring Fees: There are no recurring fees imposed. Once you join Oxiprop, you can trade without worrying about ongoing charges that could impact your profits.
You will also be glad to know that as you progress and make a withdrawal on your Oxiprop account, Oxiprop will reimburse the recent subscription fees you paid during your journey.
At Oxiprop, the importance of financial transparency is recognized, and the commitment to a fee structure without hidden or recurring fees ensures that traders can trade confidently.
Can I execute trades on TradingView and connect my Oxiprop account?
Oxiprop is a platform that can be utilized for conducting analysis and market research. Nevertheless, it is important to note that Oxiprop does not provide a direct trading interface with Oxiprop. To execute trades on our platform, users are required to utilize the most common trading platforms.
Trading platforms, offer comprehensive functionalities for placing trades, managing positions, and monitoring market activity. These platforms are specifically designed to facilitate efficient and reliable trade execution, providing traders with access to real-time market data, order placement capabilities, and advanced trading tools.
Who is responsible for taxes on my profits with Oxiprop?
Upon signing the contract, traders are eligible to receive up to 90% share of their profits generated on the Oxiprop platform. However, it is important to note that traders are solely responsible for handling tax obligations in accordance with the laws and regulations of their respective countries.
The focus at Oxiprop is to provide traders with the opportunity to earn and maximize their profits while following the legal and regulatory frameworks governing taxation.
What is the refund policy at Oxiprop?
Oxiprop offers a refund option if trading has not been initiated within 3 days of registering. This provides you with the freedom to evaluate our platform and services before making a commitment.
Once trading has commenced, the fees associated with your account become non-refundable. Furthermore, if you request a refund after 3 days from the date of your purchase, you will not be eligible for a refund. This policy ensures fairness and maintains a level playing field for all traders.
What instruments are permitted for trading at Oxiprop?
At Oxiprop, there are no imposed limits on the instruments or position sizes you trade. You can trade all the instruments and assets available on the Oxiprop trading platform. A list of the symbols is provided below:
Crypto currencies:
What is the news trading rule in the Sparta Challenge at Oxiprop?
In the Azeroth Challenge (both on your Challenge Phase and Oxiprop Account), you are not allowed to open or close any trade for 5 minutes before and after the news. This restriction applies to all trade types, including Market Execution and Pending Orders. (Including SL and TP orders).
As an illustration, on May 2nd, a high-impact news event occurred at 7:30 AM. As per our rules, traders were restricted from opening or closing trades from 7:25 AM to 7:35 AM (5 minutes before and 5 minutes after the news).
However, please note that you are allowed to hold your running trades during news events.
Now, what will happen if there is any News Trading in your account?
For Azeroth Challenge accounts:
You won't receive any profits at the end of your trading cycle, and your account will be reset to its initial balance. However, if your account wasn't profitable at the end of the trading cycle (which lasts for 4 trading weeks), it won't be reset to the starting balance.
For Azeroth Oxiprop Accounts:
In an Sparta Oxiprop Account, you will receive the profit share after deducting the amount made from news trading, and your account will be terminated. On the other hand, if you experience losses, your account won't be reset, but it will be terminated.
What distinguishes Balance-Based Drawdown from Equity-Based Drawdown at Oxiprop?
Balance-Based Drawdown and Equity-Based Drawdown and Trailing Equity-Based Drawdown are three distinct methods for managing risk in trading. They differ in how they consider your trading account balance and when they trigger your loss limit.
Balance-Based Drawdown:
Regarding the balanced-based drawdown, it means that the drawdown is calculated based on the initial balance of the trading account. For example, if you have an account of $100,000, the drawdowns will be calculated on the initial balance, which is $100,000.
Equity-Based Drawdown:
This method considers your current account balance, including any profits you've earned or potential losses you might incur in real time. It's like constantly checking your trading account every time you earn or lose any trades throughout the day. In simpler terms, Balance-Based Drawdown is like a snapshot at the start and end of the day, while Equity-Based Drawdown is continuously updated.
Trailing Equity-Based Drawdown:
This method considers your current account balance, including any profits you've earned or potential losses you might incur in real time. It's like constantly checking your trading account every time you earn or lose any trades throughout an hour but using the last highest equity you got in one hour. In simpler terms, Balance-Based Drawdown is like a snapshot at the start and end of the day, while Trailing-Equity-Based Drawdown is continuously updated according to highest equity in one hour.
To make these concepts clearer, let's explore them through an example:
You have a trading account with $100,000 and a daily loss limit of 5% of your account size, which is $5,000. During the day, your open trades are running or floating at a loss of $5,000.
Balance-Based Drawdown:
With the Balance-Based Drawdown method, it's like having a daily budget of $5,000 in your account when you start your trading day. Now, your open trades start showing a loss of $5,000 during the day. The moment your trades reflect this $5,000 loss, you've reached your Daily Loss Limit. With this method, you can't afford to lose more money for the day. It's similar to having a fixed loss limit for the day, and as soon as your trading losses reach that loss limit, it will be considered as a violation of the daily drawdown.
Equity-Based Drawdown:
Equity-Based Drawdown operates differently. It treats your account balance as a balance that keeps changing, updating each time you make a profit or suffer a loss. At the beginning of the day, you had $100,000 in your account. As your open trades accumulate a $5,000 loss, your account balance drops to $95,000. With Equity-Based Drawdown, it doesn't wait until your losses exceed your initial daily loss limit. Instead, it checks your account balance in real-time. The moment your trades reflect this $5,000 loss your daily loss limit touches and you can't spend more for the rest of the day.
Trailing-Equity-Based Drawdown:
Trailing-Equity-Based Drawdown operates differently. It treats your account balance as a balance that keeps changing, updating each time you make a profit or suffer a loss. At the beginning of one hour (first minutes from 60 minutes time period), you had $100,000 in your account. As your open trades accumulate a $1,000 profit, your account balance rise to $101000, With Trailing-Equity-Based Drawdown, your drawdown will calculate from $101000 immediately so you are not allowed to go under $96000 . Instead, it checks your account balance in real-time. The moment your trades reflect this $5,000 loss your daily loss limit touches and you can't spend more for the rest of the day.
Is trading in the Oxiprop Challenge and Oxiprop Account conducted in alignment with the real market?
In the Oxiprop Challenge and Oxiprop Account, orders are executed on a simulation of the real market execution model. This means that orders placed on Oxiprop trading platform may not be guaranteed to be filled at the requested price.
Instead, the order will be filled according to the prevailing market conditions, order book, and availability of the required volume at that price. Thus, the discrepancy between the requested price and the filled price of an order is not unique to our platform—it's a common experience in trading, regardless of the firm, brokerage, or any financial markets.
Technically, clients' initiated orders will be executed on simulated real market quotes using Oxiprop's liquidity providers. Consequently, clients' orders will be filled at the best available market price based on the order book and the availability of the required volume at that price. Therefore, clients may witness a difference between the requested and execution prices. It is important to note that, in volatile and/or illiquid markets, the difference between request and execution prices can be notably significant.
For instance, during news releases or market rollovers, spreads tend to widen considerably, also creating a void in the order book and volume availability. This results in a price difference, which can occur in both negative and positive directions.