Question 1

What is BareProp Limited?

Accepted Answer

BareProp Limited is a proprietary trading and trading technology company incorporated in the British Virgin Islands. We provide evaluation programs and direct funding opportunities for traders worldwide, enabling talented individuals to trade company capital without risking their own funds.

Question 2

Is BareProp a broker?

Accepted Answer

No. BareProp Limited is not a broker, does not hold client funds for investment, and does not provide financial advice. We are a proprietary trading firm that allocates company capital to qualified traders who successfully complete our evaluation process.

Question 3

Is BareProp regulated?

Accepted Answer

BareProp operates as a proprietary trading firm using company-owned capital. As we do not accept public deposits, manage client funds, or provide investment advisory services, our business model does not require the same regulatory licensing as a broker or investment manager. We are a legally incorporated company in the British Virgin Islands.

Question 4

Where is BareProp incorporated?

Accepted Answer

BareProp Limited is incorporated in the British Virgin Islands (BVI) as a Business Company limited by shares. BVI is a well-established international business jurisdiction.

Question 5

How is BareProp different from other prop firms?

Accepted Answer

BareProp combines institutional-grade technology with transparent trading rules. We offer both evaluation challenges and direct funding programs, allowing traders to choose the path that best fits their experience level. Our technology-driven approach ensures fair evaluation, real-time risk monitoring, and a seamless trading experience.

Question 6

What is the Evaluation Challenge?

Accepted Answer

The Evaluation Challenge is a two-phase process designed to assess a trader's skill and discipline. Phase 1 (Evaluation) requires reaching a 10% profit target while adhering to risk rules. Phase 2 (Verification) requires a 5% profit target with the same risk parameters. Upon passing both phases, you receive a funded account.

Question 7

What are the trading rules for Phase 1?

Accepted Answer

Phase 1 requires a 10% profit target, maximum 2% daily loss (equity-based), maximum 10% overall drawdown, minimum 5 trading days, and maximum 120 trading days. Leverage is 1:20 on Forex, Metals, and Indices. News trading and EA/algo trading are both allowed.

Question 8

What are the trading rules for Phase 2?

Accepted Answer

Phase 2 (Verification) requires a 5% profit target, maximum 2% daily loss (equity-based), maximum 10% overall drawdown, minimum 3 trading days, and maximum 120 trading days. All other rules remain the same as Phase 1.

Question 9

How long do I have to complete the challenge?

Accepted Answer

You have up to 120 trading days to complete each phase. There is no minimum time requirement beyond the minimum trading days (5 for Phase 1, 3 for Phase 2), so you can complete the challenge at your own pace.

Question 10

Can I use Expert Advisors (EAs) or algorithmic trading?

Accepted Answer

Yes. EA and algorithmic trading are fully allowed during both phases of the evaluation challenge, as well as on funded accounts. There are no restrictions on trading style or methodology.

Question 11

Can I trade during news events?

Accepted Answer

Yes. News trading is allowed with no restrictions. You are free to hold positions through news events and economic releases.

Question 12

When can I request my first payout?

Accepted Answer

Your first payout can be requested after 14 trading days on a funded account. Subsequent payouts follow a bi-weekly schedule.

Question 13

What is the profit split on evaluation-funded accounts?

Accepted Answer

On accounts funded through the Evaluation Challenge, the profit split is 80% to the trader and 20% to BareProp. This applies to all account sizes.

Question 14

What is the profit split on Direct Funding accounts?

Accepted Answer

Direct Funding accounts have a 50/50 profit split — 50% to the trader and 50% to BareProp. This reflects the reduced risk and immediate access to capital without an evaluation phase.

Question 15

How are payouts processed?

Accepted Answer

Payouts are processed bi-weekly. Once you request a payout, it is reviewed and processed according to the payout schedule. Payment methods and processing times may vary and will be communicated in your trader dashboard.

Question 16

Is there a scaling plan for funded traders?

Accepted Answer

Yes. After 2 successful payouts on an evaluation-funded account, you become eligible for the scaling plan. For Direct Funding accounts, the scaling plan provides a +2% account size increase after each 10% profit milestone achieved without rule violations.

Question 17

Which trading platforms can I use?

Accepted Answer

BareProp currently supports MetaTrader 4 (MT4) and MetaTrader 5 (MT5), the industry-standard platforms for forex and CFD trading. Platform availability may be specified at the time of account setup.

Question 18

Can I choose between MT4 and MT5?

Accepted Answer

Yes. During the account setup process, you can select your preferred platform. Both MT4 and MT5 are fully supported with the same trading rules and conditions.

Question 19

Do I need to install any software?

Accepted Answer

MetaTrader platforms can be downloaded and installed on Windows, macOS, and mobile devices. You can also use the web terminal versions for browser-based trading without installation.

Question 20

Are there any platform restrictions?

Accepted Answer

No. All platform features are available to BareProp traders, including Expert Advisors, custom indicators, algorithmic trading, and all order types.

Question 21

What instruments can I trade?

Accepted Answer

You can trade Forex pairs, Metals (Gold, Silver), and Indices. The specific instruments available depend on your account type and the broker server assigned to your account.

Question 22

What is the daily drawdown limit?

Accepted Answer

The daily drawdown limit is 2% of the account balance (equity-based). If this limit is breached, your account will be disabled for the remainder of the day. This rule applies to both evaluation and direct funding accounts.

Question 23

What is the maximum overall drawdown?

Accepted Answer

For Evaluation Challenge accounts, the maximum overall drawdown is 10% of the initial account balance. For Direct Funding accounts, the maximum overall drawdown is 6% of the initial account balance.

Question 24

How is daily drawdown calculated?

Accepted Answer

Daily drawdown is calculated based on equity, meaning it accounts for both realized and unrealized losses within a trading day. The daily reset occurs at midnight server time.

Question 25

What happens if I breach a risk rule?

Accepted Answer

If you breach the daily drawdown limit, your account is disabled for the day. If you breach the maximum overall drawdown, the account is permanently closed. In both cases, you may have the option to reset or purchase a new challenge.

Question 26

Is there a consistency rule?

Accepted Answer

No. BareProp does not apply a consistency rule during the evaluation phases. You are free to trade any style or strategy as long as you stay within the defined risk parameters.

Question 27

What is Direct Funding?

Accepted Answer

Direct Funding is an instant funding option that allows you to start trading with company capital immediately, without going through the evaluation challenge. Account sizes range from $1,000 to $100,000.

Question 28

How is Direct Funding different from the Evaluation Challenge?

Accepted Answer

The Evaluation Challenge requires you to pass two phases (profit targets of 10% and 5%) before receiving a funded account with an 80/20 profit split. Direct Funding gives you immediate access to a funded account with a 50/50 profit split and stricter drawdown limits (6% max vs 10% max).

Question 29

What are the risk rules for Direct Funding?

Accepted Answer

Direct Funding accounts have a 2% daily drawdown limit, 6% maximum overall drawdown, minimum 10 trading days for payout eligibility, and a 50/50 profit split. Leverage is 1:20.

Question 30

Is there a scaling plan for Direct Funding?

Accepted Answer

Yes. Direct Funding accounts are eligible for a scaling plan that provides a +2% account size increase after each 10% profit milestone achieved without any rule violations.

Question 31

Can I switch from Direct Funding to the Evaluation Challenge?

Accepted Answer

Each program operates independently. If you wish to transition to the evaluation model for the higher profit split, you would need to purchase an Evaluation Challenge separately.

Question 32

Can I reset my evaluation account if I breach a rule?

Accepted Answer

Yes. Account resets are available. When you reset, your account is restored to its initial balance and you can continue trading. Reset fees and conditions vary by account size and are detailed in your trader dashboard.

Question 33

How does an account reset work?

Accepted Answer

When you request a reset, your account balance is restored to the initial amount, all trading history is cleared, and the evaluation starts fresh from Phase 1. Risk parameters and rules remain the same.

Question 34

Is there a limit on resets?

Accepted Answer

There is no limit on the number of resets you can request. Each reset is treated as a new attempt at the evaluation challenge.

Question 35

Does resetting affect my profit split or scaling eligibility?

Accepted Answer

No. Resetting does not change your profit split or future scaling eligibility. Once you successfully pass the challenge and become funded, the standard terms apply.

Question 36

Can I upgrade my account size after purchase?

Accepted Answer

Account size upgrades may be available. Please contact support@bareprop.com for specific upgrade requests and pricing.

Question 37

What is the scaling plan?

Accepted Answer

The scaling plan rewards consistently profitable traders by increasing their account size over time. For evaluation-funded accounts, scaling becomes available after 2 successful payouts. For direct funding accounts, the account grows by 2% after each 10% profit milestone without violations.

Question 38

How do I qualify for scaling?

Accepted Answer

For Evaluation Challenge funded accounts: Complete 2 successful payouts while maintaining compliance with all risk rules. For Direct Funding accounts: Achieve a 10% profit milestone without any rule violations.

Question 39

By how much does my account scale?

Accepted Answer

Evaluation-funded accounts follow a progressive scaling schedule detailed in the trader dashboard. Direct Funding accounts receive a +2% account size increase per milestone. The more consistently you profit, the more your account grows.

Question 40

Is there a maximum scaling limit?

Accepted Answer

Scaling continues as long as you maintain profitable performance and comply with risk rules. There is no predefined maximum cap, allowing top performers to continuously grow their capital allocation.

Question 41

Do risk rules change as my account scales?

Accepted Answer

Risk parameters remain proportional to your account size. The percentage-based rules (daily drawdown, max drawdown) stay the same, but the dollar amounts adjust proportionally as your account balance increases.

Question 42

Is trading with BareProp legal?

Accepted Answer

Yes. BareProp Limited is a legally incorporated company in the British Virgin Islands. We operate as a proprietary trading firm, allocating company capital to qualified traders. This business model is legal and widely used globally.

Question 43

Does BareProp hold client funds?

Accepted Answer

No. BareProp does not accept public deposits, hold client funds for investment, or operate as a custodian. Traders trade company-owned capital. The fees paid are for access to the evaluation or direct funding program, not deposits into a trading account.

Question 44

Is BareProp a financial advisor?

Accepted Answer

No. BareProp does not provide financial advice, investment recommendations, or portfolio management services. Traders make their own trading decisions and are solely responsible for their trading activity within the program rules.

Question 45

What legal protections do traders have?

Accepted Answer

Your relationship with BareProp is governed by our Terms of Service. We are committed to transparent rules, fair evaluation, and timely payouts. All terms and conditions are clearly outlined before purchase.

Question 46

How does BareProp handle personal data?

Accepted Answer

We handle personal data in accordance with our Privacy Policy, which outlines what data we collect, how we use it, and your rights regarding your information. We are committed to protecting your privacy and data security.

Question 47

How can I contact BareProp support?

Accepted Answer

You can reach our support team by emailing support@bareprop.com. We aim to respond to all inquiries within 24-48 business hours.

Question 48

What are your support hours?

Accepted Answer

Our support team operates during standard business hours. Email inquiries are typically addressed within 24-48 hours. Urgent matters may be escalated for faster resolution.

Question 49

Can I contact support about my trading account?

Accepted Answer

Yes. For any questions about your trading account, evaluation progress, payouts, or technical issues, please email support@bareprop.com with your account details and a description of the issue.

Question 50

Do you offer live chat support?

Accepted Answer

Live chat support may be available through the trader dashboard at app.bareprop.click. Email support is always available at support@bareprop.com.

Question 51

How do I report a technical issue?

Accepted Answer

Technical issues can be reported to support@bareprop.com. Please include your account number, platform (MT4/MT5), a description of the issue, and any screenshots that may help us resolve the problem quickly.

Frequently Asked Questions

Still Have Questions?