What guidelines must be adhered to during the Shadowland Stage 1 Challenge?
For a successful trading journey in the Oxiprop Stage 1 Challenge, adherence to the following directives and limitations is paramount.
Maximum Daily Drawdown: 3%
The stipulated maximum daily drawdown allows for a permissible loss of 3% of your initial account balance on any given day.
For more details on the maximum daily drawdown, kindly refer to this link.
https://www.oxiprop.com/package-comparison
Maximum Overall Drawdown: 6%
Traders are sanctioned to have an overall maximum drawdown of 6% of their initial account balance. Consequently, the account balance/equity should not fall below 94% of the initial balance at any point during the entire trading journey.
Minimum Trading Days: 2
In the Oxiprop Stage 1 Challenge, a minimum of 2 distinct trades on 2 separate days is the requirement. The trading days need not be consecutive, and to simplify matters, there is no set maximum number of trades, allowing traders the freedom to trade as they see fit. Notably, there is no minimum trading day rule in the Oxiprop account.
Copy Trading:
Traders under Oxiprop are permitted to engage in copy trading within other Oxiprop accounts, prop firms, or retail brokers owned by the same individual. However, copying trades between multiple accounts not owned by the same individual, including those of relatives, family members, or friends, is strictly prohibited.
IP Address:
Oxiprop prioritizes a secure trading environment, urging traders to utilize a single device with a unique IP address during their trading activities on the platform.
VPN/VPS Service:
Clients using Oxiprop can leverage VPN and VPS services for platform access. VPN users are recommended to opt for paid services and select a specific IP within a country for consistent tracking. VPS users should choose paid services with dedicated IP addresses and refrain from sharing connections with others.
EAs/Indicators:
Traders are permitted to employ Expert Advisors (EAs) and Indicators to enhance their trading strategies at Oxiprop. It is essential for each trader to ensure that their trading parameters are unique and tailored to their individual trading style and account.
Restricted Trading Strategies:
Oxiprop strictly prohibits any form of cheating or exploitation of the platform, aligning with the Terms of Service (TOS) agreed upon during registration. Traders are strongly advised to thoroughly review the Terms of Service to avoid unintended consequences.
What transpires upon successful completion of the Challenge Phase in the Shadowland Stage 1 Challenge?
After successfully attaining the profit target and fulfilling the minimum trading days in the Oxiprop Stage 1 Challenge, our system will conduct an automatic profit check at the conclusion of that specific trading day.
If you have adhered to all the stipulated rules and reached the profit target, a notification will appear on your dashboard. This notification will prompt you to access the verification center, where you can initiate the KYC verification process.
Upon completion of the verification process, it will take approximately 24-48 hours to furnish you with the Oxiprop account.
Is eligibility for a Oxiprop account guaranteed upon achieving a 10% profit target within a 48-hour period?
As the minimum trading days for a Shadowland Stage 1 Challenge are 2 days with no time limit, that’s why you have to maintain 2 minimum trading days even if you reach the profit target earlier.
If you can reach the 10% profit target in your account within 2 days by complying with all the rules, then you will be eligible for a FundedNext account.
What constitutes the Profit Target for the Shadowland Stage 1 Challenge?
Certainly! Here is the modified text with "Oxiprop" replaced by "Oxiprop":
Shadowland Stage 1 Challenge Phase: You have to reach a 10% profit target in the Shadowland Stage 1 Challenge without any time limit.
Shadowland Stage 1 Oxiprop Account: There is no profit target in the Shadowland Stage 1 Oxiprop account.
What is the timeframe allotted to fulfill the requirements of the Shadowland Stage 1 Challenge?
There is no time restriction for completing the Oxiprop Stage 1 Challenge. You have the freedom to take as much time as you need to complete the challenge.
How is the Profit Share determined in the context of the Shadowland Stage 1 Challenge?
Oxiprop has designed the Shadowland Stage 1 Challenge account model to empower you to unleash your trading potential and achieve exceptional results. As you progress through the Oxiprop Stage 1 Challenge Phase, your profit share will gradually increase, commencing at 20% during the challenge phase and reaching up to 90% in the Oxiprop account.
Moreover, your commitment and accomplishments will be acknowledged with a reimbursement of your subscription fee in the initial payout on your Oxiprop account.
Here's how it operates:
Let's assume you commence your trading journey with a starting balance of $100,000. In the Oxiprop Stage 1 Challenge, if you attain a profit of $10,000 in the Challenge Phase, you will receive an Oxiprop account. Once you receive the first payout from your Oxiprop account.
The benefits extend further. you will also receive a 20% profit share based on your Phase 1 target, totaling $2000.
Furthermore, upon acquiring your Oxiprop account, your profit share will elevate to 90% starting from your first withdrawal.
Embrace your new status as an Oxiprop Crown Trader, where your accomplishments become our shared success.