HourTrader FAQ

Basic Introduction Q1: What is HourTrader? HourTrader is a time-limited simulated trading challenge launched by PropW. Participants pay a challenge fee, which serves as both a qualification entry and the basis for reward calculation. Upon entry, participants receive a 10,000 USDCP simulated trading account and engage in simulated trading within a specified period ranging from 1 to 8 hours. If the preset targets are met and risk control limits are not breached during the challenge, participants can win a reward equivalent to 2 to 10 times the entry fee. This program tests both trading skills and comprehensive risk management capabilities. Q2: How much trading capital will I have for the simulated trading challenge? All challengers uniformly use 10,000 USDCP in virtual funds as their trading principal. This amount is fixed to ensure a level playing field for all participants. The entry fee you pay is separate from the trading account. It serves only as qualification entry and the basis for reward calculation; it is not deposited into the challenge account and does not participate in any trading or profit/loss calculations. Challenge-Related Questions Q3: What are the available time limits for HourTrader challenges? Four challenge durations are available: 1 hour, 2 hours, 4 hours, and 8 hours. You can choose flexibly based on your strategy.

Q4: What are the rules of the challenge? HourTrader challenges must adhere to the following rules: 1.Each account can participate in only one HourTrader challenge at a time. 2.Each challenge duration has a fixed target that must be achieved within the specified timeframe, and all positions must be closed to pass. 3.Failure to meet the target within the timeframe results in a failed challenge. 4.Each challenge duration has a maximum account loss limit. Exceeding this limit will result in disqualification.

Q5: How do I win the challenge? To successfully pass the challenge, you must meet all of the following conditions: 1.Achieve the Challenge Target: Reach or exceed the target account equity within the specified timeframe. 2.Strictly Maintain Drawdown: Throughout the challenge, account equity must never fall below the maximum drawdown line. 3.Close Positions Before the End: All positions must be closed before the challenge deadline. Upon meeting all the above conditions, the challenge will automatically enter the review phase. Rewards will be issued after the review is approved. Q6: What happens if I hit the maximum account loss? Using a challenge with a maximum account loss of 500 USDCP as an example: Once your account equity drops to 9,500 USDCP or lower, the challenge will be immediately terminated and deemed failed. At that point, all your positions will be automatically closed, you will not be eligible for any reward, and the entry fee will not be refunded. Registration and Fee-Related Questions Q7: Can I choose my own entry fee? Yes. For challenges that support a customizable entry fee (please refer to the rules on the challenge page), you can select an entry fee amount that best suits your needs, within a range of $5 to $500. The entry fee directly impacts the reward amount. Using a 10x challenge as an example: Pay a 50 USDT entry fee → Upon passing, receive a 500 USDT reward. Pay a 100 USDT entry fee → Upon passing, receive a 1,000 USDT reward. Q8: Is the entry fee refundable? The entry fee is non-refundable once payment is successfully made. Please carefully choose your challenge mode. The challenge begins immediately upon successful payment, and the countdown starts simultaneously. You cannot start a new HourTrader challenge until the current one concludes (regardless of success or failure). After the current challenge ends, you can start a new challenge immediately, choosing the same or a different time limit, or participate in other PropW challenge modes. Trading-Related Questions Q9: What assets can I trade? HourTrader tradable currency pairs and maximum transaction limit per trade. The available trading pairs are BTC/USDCP, ETH/USDCP, SOL/USDCP, XRP/USDCP, and LTC/USDCP. Please review the "Rule Details" before participating in the challenge. The supported trading instruments and per-trade limits may vary depending on the challenge. The platform updates the list of tradable instruments in real time to ensure it reflects the latest developments. Q10: Are there trading fees? Yes. A transaction fee (Taker 0.06%, Maker 0.04%) is charged for each position opening and closing. These fees are deducted directly from your virtual account equity. Frequent trading may result in higher accumulated fees, potentially impacting final profitability. Rewards and Distribution Q11: How is the reward determined? The reward is calculated based on your customized "challenge fee" and the "reward multiple." The calculation is: Payout Amount = Entry Fee × Reward Multiple. For example: 100 USDT Entry Fee × 10x = 1,000 USDT Reward. Q12: How are the rewards distributed? Upon successfully passing a challenge, the reward automatically enters the review phase. The system will automatically issue the reward after the review is approved. Processing is typically completed within 24 hours, and within 48 hours under exceptional circumstances. Requests received on non-business days will be processed within 24 hours after the next business day. Important Notes: Failure to pass the challenge means no reward will be issued, and the entry fee will not be refunded. The reward can only be claimed once. After claiming, the status will be updated to "Claimed." Account and Participation Restrictions Q13: Can I participate in multiple HourTrader challenges simultaneously? No. Each account can participate in only one HourTrader challenge at a time. Q14: What payment methods are supported? Supported payment methods include digital tokens (USDT), credit cards (VISA/Mastercard), and quick payment options (LinePay, PromptPay). We will process your payment immediately upon receipt. The challenge activation result will be communicated via email. Risk Warning and Disclaimer The HourTrader is a time-limited simulated challenge. If the account triggers the maximum drawdown limit during the challenge, the challenge will be terminated early and the registration fee will not be refunded. Please fully understand the rules before participating and ensure that you possess the appropriate trading experience. This product does not offer any guarantee of returns. PropW reserves the right to modify, adjust, or terminate this activity and its rules at any time at its sole discretion, without prior notice. Modifications include, but are not limited to, the cancellation, postponement, termination, or suspension of the activity, changes to the eligibility criteria and terms, adjustments to the selection method and number of winners, as well as changes to the timing of the various stages of the activity. All participants must comply with the most recently revised terms of the activity. More Support If you have any questions or disputes, please contact us via the official website contact form or email us at [email protected]. Our dedicated support team will assist you promptly.