Preparatory steps
Last updated
Last updated
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.
To create a product group:
Go to Products > Groups.
Click +Create in the upper-right page corner.
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.
Click Save to create the product group.
To create a product:
Go to Products > Products.
Click Create in the upper-right page corner, and then select the platform, such as MT4 or MT5. Create a separate product for each platform on which you want to offer challenges.
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.
Click Save to create the product.
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.
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.
Click Save to apply the product settings.
