Preparatory steps

To enable the functionality of prop trading challenges, first create a specific product group, and then a product. Based on this product, trading accounts will be created for clients participating in trading challenges.

Create a product group

To create a product group:

1

Go to Products > Groups.

2

Click +Create in the upper-right page corner.

3

On the Create group page, fill in the following fields:

• In the Type dropdown, select Prop Trading Challenge.

• In the Caption field, enter a caption for the product group, used in the Back Office, such as “Prop Trading Challenge”.

• In the Description field, enter a description of the product group, also used in the Back Office.

• Make sure that Enabled is selected in the Status dropdown.

Create the Prop Trading Challenge group

4

Click Save to create the product group.

Create a product

To create a product:

1

Go to Products > Products.

2

Click Create in the upper-right page corner, and then select the platform, such as MT4, MT5, or cTrader. Create a separate product for each platform on which you want to offer challenges.

3

In the Create product popup, fill in the following fields:

• In the Platform Group dropdown, select an appropriate group created on the trading platform.

• In the Name field, enter a name for the product, used in the Back Office, such as “Trading Challenge Account”.

• In the Group dropdown, select the previously created product group.

• In the Type dropdown, select Trade.

4

Click Save to create the product.

5

On the Edit product page, specify the following settings:

• In the Status dropdown, select Enabled.

• In the Caption field, enter a caption for the product, used in the Back Office.

• In the Leverage and Default leverage fields, enter the same leverage ratio, which will be applied to trading accounts created based on this product.

• In the Rights and Default account rights dropdowns, select the following product permissions:

  • Enabled

  • Visible

  • Trade enabled

Ensure that the Transfer deposit and Transfer withdraw permissions aren’t selected. Clients aren’t supposed to deposit or withdraw funds to/from trading accounts intended for challenges.

• In the Max accounts field, enter -1 to set no limit on the number of accounts that can be created based on this product.

Specify product settings

6

On the Currencies tab, add one or more currencies for the product by clicking the Add button. These currencies will be available for selection when creating challenges.

Add currencies

7

Click Save to apply the product settings.