FAQ
About PropScholar
PropScholar operates as a financial education and performance-based reward platform, not as a prop firm, broker, or investment service. Since:
- we do not manage client funds,
- we do not offer real trading accounts,,
- we only provide demo-based evaluations and scholarships,
PropScholar is not a prop firm. We are a scholarship-based evaluation platform that helps traders earn the challenge fee for any prop firm by proving their trading skills in a demo environment.
Here's a clear comparison between PropScholar and a typical prop firm:
| Feature | PropScholar | Traditional Prop Firm |
|---|---|---|
| What you get | A chance to earn real money through skill | A chance to trade real capital (after full payment) |
| Who we are | A scholarship model | A funding frim |
| What happen after you pass |
Directly get paid out with money | You get a funded account |
Currently, we are offering the state-of-the-art cTrader & MT5 platform to ensure your smooth and efficient experience in trade execution. This powerful platform is designed to provide you with advanced trading tools, lightning-fast order processing, and a user-friendly interface, all aimed at optimizing your trading performance and success
We are here to support talented traders everywhere. If you prove you are a skilled and disciplined trader, PropScholar will reward you with the money needed to pay for the prop firm challenge of your choice. We do not buy or provide any prop firm accounts. Instead, we help you cover the cost so you can take your trading to the next level on your own terms. Traders from all around the world are welcome to join us and grow with confidence!
All our clients must be at least 18 years old
To get your prop firm account you need to -
Step - 1 : select and purchase your desired prop firm challenge propscholar evaluation from our shop
Step - 2: Pass the propscholar evaluation for the prop firm you have selected
Step - 3: Congratulations! After passing, we reward you with the money needed to pay for the prop firm challenge you selected.
We do not offer a free retry. You may take all the time you need to reach your profit target. Remember, there's no need for stress or to rush. Take your time and trade at your own pace
After completing your payment, you will receive a confirmation email within 1 minutes. Within 10 minutes, you will receive another email containing your PropScholar evaluation account credentials.
Understanding PropScholar's Model
Frequently asked questions
Here are some common questions about our company's model.
PropScholar is a scholarship platform designed for aspiring traders. We offer simulated trading evaluations on demo accounts where you can showcase your skills. If you pass our evaluation rules, we reward you with the full amount needed to purchase a real prop firm challenge.
You pay a small entry fee starting as low as $4, and if you succeed, you receive a cash reward that can cover $19 or more of your prop firm challenge fees: it’s that simple. We do not manage your money, sell funded accounts, or take any commissions.
Our mission is to make prop trading more accessible by helping talented traders fund their journey toward becoming professional traders.
No, PropScholar is not a third-party seller.
We do not resell prop firm accounts or evaluation access. Instead, we offer a scholarship-based model where traders can earn the cost of a real prop firm evaluation by passing our performance-based demo challenges. We are fully independent and operate as an educational and reward-based platform.
- A trader wants to take a $2,000 prop firm challenge that costs $19
- Instead of paying $19 upfront, they pay $4 to join PropScholar’s demo account evaluation
- The trader trades following simple rules like daily drawdown limits
- If they pass the evaluation, we reward them with $19 to help cover the cost of the real challenge
- Traders can use the reward however they choose! This process is risk free and is making you accessible to go for any prop firm challenge.
No, PropScholar is not a prop firm.
We are a scholarship-based evaluation platform. Our role is to assess trading skills on demo accounts and reward successful traders with money they can use to support their trading journey. Our goal is to make trading more accessible by providing financial support in exchange for demonstrated trading skill.
Evaluation
You can trade Forex, Crypto, Indices, Metals & Energies with RAW spreads.
The Maximum Loss Limit is the amount your equity or balance can't go below. This rule is set to % of each model of the initial account size. For example, if you have a $100.000 account of 2-Step model and the Maximum Loss Limit is 10%, your equity or balance can't go below $90.000 at any moment
Example - You have chosen to go for a $100.000 account. The Maximum Loss Limit is 10% of the initial balance, which is $100.000 for this example, 2 Step Model example:
Maximum Loss = $100.000 * 10% = $10.000 Maximum Loss Limiit
This means your equity/balance can't go lower than $100.000 - $10.000 Maximum Loss Limit= $90.000
If your equity/balance goes below $$90.000 at any specific moment in time, your
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The Maximum Daily Loss is the amount you are allowed to lose daily. This rule will use a higher value between equity and balance. This rule is set as a % of every day's starting balance. The rule states that the equity of the day, which is the result of the currently floating PnL (Profit and Loss) in sum with all closed positions of that day, must not hit the Maximum Daily Loss Limit. The daily maximum loss resets at 00:00 AM UTC server every day
- No, PropScholar currently does not have any reules regarding stop loss placement.,Therefore its not a must to use.
- Using a stop loss is up to you, but it's a good idea for responsible trading and risk management
If any trading objective is breached, your trades will not be closed automatically to ensure a smooth process. Instead, our risk management team will review all accounts daily at 00:00 UTC. If a rule violation is identified, you will receive a breach notification email the following day
You cannot copy trades between two Prop Scholar accounts. However, you can copy trades from a Prop Scholar account to other accounts. This means that while trades can be shared from a Prop Scholar account to other trader accounts, direct copying between two Prop Scholar accounts is not supported
If any trading account remains inactive for 14 days (These 14 Days Includes weekdays + Holidays as well), meaning no trades have been placed, it will be automatically suspended. This ensures active management and security of all accounts
Yes , news trading is allowed in propscholar evaluation account
we have no restrictions regarding holding over the weekend Know More
Leverages we offer on different instruments -
Forex - 1:100
Indices - 1:20
Metals - 1:30
Oil - 1:10
Crypto - 1:2
The Consistency Rule requires that no single trading day’s profit exceed 45% of total profit during the evaluation period. It promotes balanced, disciplined trading, encourages gradual gains, and enhances long-term success by prioritizing stability over short-term gains
We offer two types of evaluation phase -
- 1- Step Evaluation
- 2- Step Evaluation
You are free to choose whichever evaluation phase suits your style of trading
.Trading objective in different evaluation system -
1- Step Evaluation
- Profit Target - 10%
- Daily Drawdown - 3% ( Balance Based )
- Max Drawdown - 6%
2 - Step Evaluation
- Profit Target ( Phase 1) - 8%
- Profit Target ( Phase 2) - 5%
- Daily Drawdown - 4% ( Balance Based )
- Max Drawdown - 8%
Post Challenge
After passing the PropScholar evaluation, you receive the full prop firm challenge fee (which is typically about four times the amount you initially paid) sent directly to you via UPI or cryptocurrency. This helps make prop firm challenges affordable and accessible, supporting your trading journey without any financial burden upfront.
We usually send the reward within 1 hour of you passing the evaluation, and we guarantee that you will be paid within 4 hours of passing! You can choose to receive the payment via UPI or cryptocurrency.
No, the reward is yours to use however you want. While many traders use it to pay for prop firm challenges, you have full freedom over how you spend the money.
No, once you pass and receive your reward, there are no further fees or obligations from PropScholar.
Yes! After passing the evaluation, you receive a certificate recognizing your achievement.
Important Trading Terms
Slippage occurs in trading when the desired price of an order is not achieved due to rapid market fluctuations or delays in order execution. It can result in a trade being executed at a price different from the one expected. Slippage can occur in both directions, causing you to either gain or lose more than anticipated
Slippage is common during periods of high market volatility or low liquidity, such as major news releases or market opening times.
Slippage Example:
Let's say you're trading a popular currency pair, EUR/USD, and you've placed a market order to sell 1 lot (100,000 units) at a take profit (TP) level of 1.1000 and a stop loss (SL) level of 1.1050.
Expected Outcome: You expect to exit the trade with a profit if the price reaches 1.1000 and to limit your loss if the price hits 1.1050.
Market Conditions: However, the forex market is known for its fast-moving nature, especially during economic releases. Just as your trade is about to be executed, a significant economic report is released, causing sudden volatility in the market.
Slippage Impact on Take Profit: Due to the rapid market movement, your take profit order gets executed, but not at the expected 1.1000 level. Instead, it's executed at 1.0995. As a result, you secure a profit, but it's slightly less than what you initially aimed for
Slippage Impact on Stop Loss: Similarly, your stop loss order is triggered, but not precisely at 1.1050. It gets executed at 1.1055 While your risk is still managed, the loss is slightly larger than your original stop loss level
In this scenario, slippage affected both your take profit and stop loss orders. It's important for traders to be aware of slippage and consider it when setting their trade parameters to account for potential variations in execution prices, especially during volatile market conditions
Within our trading environment, although simulated, it accurately mirrors live market conditions
The ask price is the lowest price a seller is willing to accept for an asset, while the bid price is the highest price a buyer is willing to pay. The difference between these two is called the spread, which reflects market liquidity and transaction costs.
Swap, also known as "rollover" or "overnight interest," is the interest rate differential between two currencies in a currency pair. When you hold a position overnight in the Forex market, you either pay or receive a swap depending on the direction of your trade and the interest rate differential between the two currencies.
Triple Swap: Triple swap refers to the additional interest rate charged or earned when holding a position over the weekend. It takes into account the interest rate differentials for the weekend, which may differ from weekday rates. Triple swaps are typically applied on Wednesday to account for the weekend.
Rollover Period: The rollover period is the time at which trades are rolled over from one trading day to the next. In the Forex market. During the rollover period, swaps are calculated and applied to open positions held overnight
Spread serves as a vital metric in the forex market, illustrating the disparity between the buying and selling prices for a currency pair. It is expressed in pips, which is the smallest price move that a given exchange rate can make based on market convention.
For instance, if the EUR/USD currency pair has a bid price of 1.1500 and an ask price of 1.1502, the spread would be 2 pips. This means that traders would need the currency pair's value to appreciate by at least 2 pips before they can begin to realize a profit from their trade due to this cost.
Understanding the spread is crucial for traders, as it directly impacts profitability. A narrower spread can be advantageous as it reduces the breakeven level for trades, while wider spreads can increase costs and potentially diminish profits. Therefore, monitoring and considering the spread, along with other factors, is essential for devising effective trading strategies and optimizing outcomes in the forex market.
The relationship between roll over and spreads is interlinked. During periods of high market volatility or low liquidity, spreads tend to widen. This widening is a reflection of the market's perception of increased risk and uncertainty. When spreads widen, the cost of executing a trade can also increase.
Payment & Purchase
- Choose the challenge you want to purchase - Add to Cart - Pay.
- We offer the option to pay for a account using Credit Card, Paypal, Cryptocurrency & UPI.
- Yes you can use anybody's card and pay for the challenge.
We accept payments for challenge fees through various methods, including Cryptocurrency, Credit Card, Paypal, UPI
To pay with cryptocurrency Buy Now > Pay With Crypto > Raise a Ticket in Discord > Pay on the invoice > Ready to GO !
Yes, PropScholar accepts payments via popular UPI apps such as Paytm, PhonePe, Google Pay, BHIM, Amazon Pay, and Mobikwik for a secure and seamless transaction experience.
To pay via UPI, join our Discord community, open a support ticket, and inform the moderator about your chosen product. The moderator will guide you through the process and provide an invoice for UPI payment.
No, PropScholar does not charge any extra fees for UPI transactions. The amount you see is the amount you pay.
Yes, but ensure the payment details match the order information to avoid processing delays.
You’ll receive all the necessary details in your registered email.
Yes, PropScholar accepts payments via popular UPI apps such as Paytm, PhonePe, Google Pay, BHIM, Amazon Pay, and Mobikwik for a secure and seamless transaction experience.