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support@nextproptrader.com
Our Headquarter
The Meydan Hotel, Grandstand, 6th floor, Nad Al Sheba, Dubai
Welcome to our FAQ section! Here, you’ll find answers to the most commonly asked questions about our services and products. We’ve compiled this list to help you get the information you need quickly and efficiently. If you don’t find the answer you’re looking for, please don’t hesitate to use our contact form.
Nextproptrader is here to support traders, especially those facing capital barriers. We recognize that many skilled traders lack the funds to kickstart their ventures. To bridge this gap, we offer aspiring and professional traders the opportunity to access capital with clear requirements.
Here's how it works: You undergo an evaluation by trading on a simulation account for at least 10 days, following specific rules and reaching a profit target. Once successful, you'll receive a contract with conditions. This contract grants you access to a funded account, where you can start trading.
It's crucial to understand that you won't receive a real money account. Instead, you gain access to a funded account where you trade with our capital. This means you won't have direct access to our funds, mitigating the risk of misuse or reckless loss.
Furthermore, not all trades are copied from your account to the market. This approach ensures compliance with regulations, especially relevant for users in countries like Germany, where adherence to Bafin regulations is essential. Rest assured, our system is designed to align with regulatory standards, providing a secure and compliant trading environment for all our users.
If your trades reach the maximum loss limit, your access is revoked, allowing you to qualify for a new evaluation account. Profits, on the other hand, are yours to keep, with the flexibility to withdraw earnings above a specified threshold at any time.
- The process of ordering a Nextproptrader account 0:00Min - 1:35Min
- Downloading Rithmic and logging in 1:36Min - 5:25Min
- Connecting to the ATAS platform 5:26Min - 7:27Min
Unfortunately, we cannot provide information on when the next discount will be available. Stay tuned for updates and announcements.
No, it is not possible to trade CFD or Forex markets with our platform. We exclusively support trading in futures markets. If you need assistance in navigating our platform, feel free to reach out, and we'll be happy to help.
Absolutely! Keeping tabs on your trading performance is essential. You can conveniently monitor the performance of all your trading accounts through the Trader dashboard. This tool provides valuable insights to help you make informed decisions and optimize your trading approach.
To ensure a clear overview of trades and mitigate overnight risks, it's important to close all trades before 3:15 PM CST. We don't permit holding positions overnight. The trading day restarts at 5:00 PM CST, excluding weekends and holidays. This practice helps maintain a disciplined and risk-aware trading environment.
In our proptrading community, we encourage diverse trading strategies. Trading based on economic news is a common approach among many successful traders. Feel free to incorporate news into your trading strategy and explore the opportunities it presents.
If you encounter the error message "Orders can be placed by Administrators only," it indicates that your account has reached the drawdown limit and, as a result, has been deactivated. We understand that this may be disappointing, and we wish you the best of luck in your future evaluations. If you have any other issues or concerns, please don't hesitate to reach out to us, and we'll be happy to assist you.
Ensuring a smooth and compliant trading experience involves following these rules for both funded and evaluation accounts:
Certainly! If you need to update your withdrawal details, it's a simple process. Just shoot us an email at support@nextproptrader.com. We'll guide you through the necessary steps, but keep in mind that we'll need to verify your identity for security reasons.
Once you successfully pass your evaluation, you won't have any monthly evaluation fees. However, for the Funded account, there is a $95 monthly fee. This fee covers essential costs like data feeds for your trading account. Despite this fee, we provide you with a 5% higher profit share, which more than compensates for the $95 monthly charge compared to other providers who don't charge a monthly fee.
Your profits are yours to withdraw, and there's no restriction on when you can do so. However, there's a Threshold in place for safety, which must be maintained on the account and cannot be withdrawn. You can check your Threshold in the Account Dashboard. Anything above the green line can be withdrawn.
Thresholds vary based on your account size, ranging from $1,000 for a $10,000 account to $6,000 for a $250,000 account. Profits are paid out at 95%, reflecting the profit split. Withdrawals are processed from Monday to Wednesday and are promptly paid out through the fastest available method.
Withdrawal fees are the responsibility of the trader and are automatically deducted by banks from the transferred amount.
If a rule is broken in your Funded account, it will be revoked, and you'll need to re-qualify through a new evaluation. If you have ongoing fees for the funded account, the subscription will be automatically canceled.
Unfortunately, reactivating funded accounts, for any reason, is not technically possible. We understand the disappointment of losing access to your account, and we sincerely apologize for any inconvenience caused. To continue trading with us, you would need to start a new evaluation to qualify for a new funded account. We appreciate your understanding and look forward to supporting you in your trading journey.
Welcome to the ‘Trading Accounts’ section! Here, you’ll find comprehensive information about our Evaluation Phase and the Funded Account.
In our ‘Technical Support’ area, we offer extensive support and resources for all technical aspects of your trading experience. From setting up and utilizing various trading platforms to detailed guidance for our Trader Dashboard – here, you’ll find answers and solutions to all your technical queries.
To activate Level 2 Data for specific markets, simply send us an email listing the markets you wish to trade with Level 2 Data (e.g., CME, COMEX, NYMEX...). We will promptly activate them for your account, ensuring you have access to the relevant information.
After resetting your trading account, the existing login data (user ID and password) remains unchanged. You will only receive a new trading account (NXT....). If the new account doesn't appear in your trading platform, please reconfigure the connection to ensure a seamless login experience.
The drawdown is calculated based on the Open PnL (Profit and Loss). Let's break it down with an example: Suppose you initiate trading with a $150,000 account. In this case, your initial drawdown is $145,000 (150k - 5k). Now, if you generate a profit of $1,000, your account balance increases to $151,000, and the drawdown adjusts to $146,000 (151k - 5k).
Here's where it gets interesting: If you experience a loss at this point, your drawdown will decrease, no longer staying fixed at $5,000. Let's say you make a trade with a $1,000 profit, but you close it with only a $500 profit. In this scenario, your drawdown will rise by $1,000, reflecting the unrealized profit, while your account balance only rises by $500.
It's essential to understand that the drawdown is dynamic, responding to changes in your account balance resulting from both profits and losses. This calculation considers the cumulative impact of all your trades, ensuring a comprehensive assessment of your trading performance.
The number of contracts depends on your account size. Generally, you can use 10 times the size for micros compared to minis. Here is a breakdown for minis:
10k account = 1 Lot
25k account = 3 Lots
50k account = 5 Lots
100k account = 10 Lots
150k account = 15 Lots
250k account = 25 Lots
Please note that exceeding the specified number of contracts will result in a rule violation, leading to account revocation. The size is cumulative for all trades, not limited to a single trade.
You have the opportunity to trade a diverse range of future markets. Here is a list of the markets available for trading:
E-mini S&P 500 Futures (ES)
E-mini Nasdaq-100 Futures (NQ)
E-mini Dow Futures (YM)
E-mini Russell 2000 Index Futures (RTY)
Micro E-mini S&P 500 Index Futures (MES)
Micro E-mini Nasdaq-100 Index Futures (MNQ)
Micro E-mini Dow Jones Industrial Average Index Futures (MYM)
Micro E-mini Russell 2000 Index Futures (M2K)
Crude Oil Futures (CL)
Natural Gas Futures (NG)
E-mini Crude Oil Futures (QM)
E-mini Natural Gas Futures (QG)
Gold Futures (GC)
Silver Futures (SI)
Platinum Futures (PL)
Palladium Futures (PA)
Copper Futures (HG)
Micro Gold Futures (MGC)
E-mini Silver Futures (QI)
E-mini Copper Futures (QC)
Australian Dollar (6A)
British Pound (6B)
Canadian Dollar (6C)
Euro (6E)
Japanese Yen (6J)
New Zealand Dollar (6N)
Swiss Franc (6S)
Micro Crude Oil Futures (MCL)
Corn Futures (ZC)
5-YEAR T-NOTE FUTURES (ZF)
SOYBEAN OIL FUTURES (ZL)
SOYBEAN MEAL FUTURES (ZM)
10-YEAR T-NOTE FUTURES (ZN)
30 DAY FEDERAL FUNDS FUTURES (ZQ)
SOYBEAN FUTURES (ZS)
2-YEAR T-NOTE FUTURES (ZT)
CHICAGO SRW WHEAT FUTURES (ZW)
LIVE CATTLE FUTURES (LE)
Micro AUD/USD FUTURES (M6A)
Micro GBP/USD FUTURES (M6B)
Micro EUR/USD FUTURES (M6E)
NIKKEI/USD FUTURES (NKD)
NY HARBOR ULSD FUTURES (HO)
RBOB GASOLINE FUTURES (RB)
30-YEAR T-NOTE FUTURES (ZB)
Micro Copper Future (MHG)
Ultra U.S. Treasury Bond (UB)
Feel free to explore and trade in these markets based on your preferences and trading strategy.
We provide you with the flexibility to choose from a variety of popular platforms that can seamlessly establish a Rithmic connection. The compatibility extends to a wide array of trading platforms, ensuring that you have the freedom to select the one that aligns perfectly with your preferences and trading style.
For your convenience, a comprehensive list of these platforms is available. By navigating to the designated section Rithmic, you can explore the options in detail. This extensive array of supported platforms empowers you to make an informed decision, selecting the platform that best suits your needs and preferences as you embark on your trading journey with us.
As for DxFeed only ATAS and Quantower can be used currently.
Are you having trouble connecting via R Trader or through your trading platform? Please specify so we can provide tailored assistance.
If you can't connect via R Trader, ensure that you've selected "Rithmic Paper Trading" and opt for the most stable server/gateway, which is "Chicago Area."
For those facing difficulties via their trading platform, start by checking your settings and verifying if you can successfully log in to R Trader. Remember, on weekends, Rithmic undergoes maintenance, and logins might not be possible.
Additionally, when logging in for the first time, use R Trader before accessing your trading platform to accept license agreements. If issues persist, contact us, and kindly send screenshots of the error message and your settings in both R Trader and your trading platform.
If you're using ATAS, ensure that "Connect via R Trader Pro" is unchecked, as it is unnecessary for ATAS to establish a connection.
To address connection problems, start by identifying if the issue lies in connecting via R Trader or your trading platform. Once identified:
Unfortunately, Rithmic does not support MetaTrader or NinjaTrader, meaning you cannot use these platforms with our services. While there might be a possibility of using NinjaTrader with a Rithmic brokerage license, Nextproptrader does not guarantee its functionality. If you choose to explore this option, please be aware that it is at your own risk. We recommend using platforms that are fully supported to ensure a smooth trading experience.
Ensure that you are using your Rithmic ID as the Username, not your email. The login credentials for the Dashboard are the same as those for Rithmic. Double-check your entry, and if issues persist, feel free to reach out for assistance.
If your payment encounters issues, don't worry. Reach out to our support at any time for assistance. If, during an ongoing evaluation, a payment fails to process, the evaluation account will be deactivated. We're here to help, so feel free to contact us for a swift resolution.
We believe in transparency, and there are no hidden costs. During the evaluation, you only pay a fixed monthly fee. If needed, you can also purchase resets. Once you successfully pass the evaluation, the monthly evaluation fee stops. For the funded account, there's a monthly running fee of $95, covering your Rithmic costs. Importantly, we offer you 5% more profit sharing than most other providers, making the $95 fee highly beneficial.
Our system operates on a one-time payment basis, meaning there are no automatic debits or subscription models. You have full control over every action, including funded fees, reset or extension costs. If an extension is necessary, you'll receive an email notification three days before your evaluation expires. If you choose not to extend, your account will be deactivated, you don’t have to cancel anything. Just ensure timely payment to avoid any disruption, putting you in charge of your trading journey.
In rare cases where the system doesn't recognize your reset, please email us with the account ID you attempted to reset (NXT...), and we will investigate the issue promptly.
In the ‘Billing and Fees’ section, you’ll discover essential information about our billing processes and associated fees.
Open Contact form
support@nextproptrader.com
The Meydan Hotel, Grandstand, 6th floor, Nad Al Sheba, Dubai
Nextproptrader LLC. is a service provider, and all information available on our site is intended solely for study purposes related to trading on financial markets. Accordingly, we do not offer financial, investment, tax, brokerage, or other advice and/or services.
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