Frequently Asked Questions
Find answers to common questions about prop trading and Funded Neo.
General Prop Trading Questions
What is prop trading?
Proprietary (prop) trading is when traders use a firm's capital to trade financial markets. In return, the firm takes a percentage of the profits. This allows traders to access larger capital without risking their own money.
How much capital can I get funded?
Funded Neo offers accounts ranging from $10,000 to $200,000. You start with the account size you purchase during the challenge phase. After consistent profitability, you can scale up to higher capital levels.
What is the profit split?
The profit split ranges from 80% to 90% depending on your account size. Smaller accounts ($10K-$25K) receive 80%, medium accounts ($50K-$100K) receive 85%, and the $200K account receives 90% profit split.
How long does it take to get funded?
Once you pass both Phase 1 and Phase 2 evaluations, your funded account is typically activated within 24-48 hours. The evaluation phases have no time limits, so you can take as long as you need.
Funded Neo Specific Questions
What are the evaluation phases?
Phase 1 requires a 7% profit target with a 4% daily loss limit and 8% total loss limit. Phase 2 requires a 5% profit target with the same loss limits. There are no time limits for either phase.
Are there any consistency rules?
No consistency rules apply during the challenge phases (Phase 1 and Phase 2). You can achieve your profit target in any number of trading days. Once funded, standard risk management principles apply.
Can I trade news events?
By default, trading during high-impact news events is restricted. However, you can purchase the News Trading add-on for $75 to remove this restriction and trade freely during news releases.
How do payouts work?
You can request a payout every 14 days once funded. Payouts are processed within 24 hours. There are no hidden fees - you receive your full profit share directly to your chosen payment method.
What trading platforms are supported?
Funded Neo supports MetaTrader 4 (MT4), MetaTrader 5 (MT5), and cTrader. You'll receive login credentials for your preferred platform once your account is activated.
Can I have multiple accounts?
Yes, you can purchase and manage multiple accounts simultaneously. However, hedging between accounts (opening opposite positions) is strictly prohibited and will result in account termination.
What instruments can I trade?
You can trade Forex pairs, commodities (Gold, Silver, Oil), indices (US30, NAS100, S&P500), and cryptocurrencies. All major and minor pairs are available with tight spreads.
What happens if I breach the rules?
If you violate the daily loss limit, total loss limit, or trading rules (news trading, weekend holding), your account will be automatically closed. You can purchase a new challenge to try again.
Still Have Questions?
Our support team is available 24/7 to help you with any questions or concerns.
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