By Maxwell Knight
Market Conquest Review
Market Conquest offers prop trading services for a broad audience of traders, promising a platform that puts the user in full control. With optimal execution, analytics, and an intuitive dashboard, this looks like an optimal platform traders might want to consider.
Before that, a comprehensive Market Conquest review is necessary. As we see an increasing number of traders asking about the brand, it’s the right time to share our thoughts on some of the top features available.
Mini Challenges
Lets start our Market Conquest review by talking about the evaluation rules set up by this firm. Traders interested can choose between two types of challenges, the first one being the Mini challenges.
At this stage, the account sizes are small ($250, $500, $1000, and $1500) and the registration fees are the most attractive:
- $25, $38, $45 and $54 for one step challenges
- $16, $23, $35 and $41 for two step challenges
Traders have to complete a minimum of 3 trading days, and not violate the 4% max daily loss/ 8% max overall loss thresholds. These figures and the 10% profit target apply for the one-step mini conquest.
When it comes to the two-step mini challenges, traders need at least 2 trading days and must not violate the 5% daily loss/10% overall loss limits. The profit target is 8% in this case. Regardless of choice, you are allowed to have a maximum of 2 open positions and the profit split ratio is set at 90%.
Prime Challenges
Traders interested in larger accounts can choose a Prime challenge. Account sizes are different in this case ($10k, $25k, $50k, and $100k), while registration fees increase. Still, you can trade on a $50k account, for instance, in exchange for a one-time $342 fee.
Regarding the one-step Prime challenge, traders need at least 3 trading days and must not violate the 4% daily loss/6% max loss limit. The profit target is 10% and once you receive the funded account you’ll enjoy a 90% profit split ratio.
The rules for the two-step Prime challenge are a bit different. You need a minimum of 2 trading days and reach an 8% profit target, while also not violating the 5% daily loss/10% overall loss limit. The profit split is 90% as well. It’s worth mentioning that for Prime challenges there are no restrictions in terms of the max amount of orders you can place simultaneously.
Education
For those who want to learn about prop trading, Market Conquest is actively providing educational content. It does that via the blog, where traders can find insightful articles on topics like trading rules for prop traders, crafting a winning trading strategy, and others. Additionally, the company provides support throughout the week for anyone who has questions.
Bottom Line
Summing up our Market Conquest review, this prop firm keeps things simple, yet it still manages to provide a broad range of features. Traders can choose from 2 different evaluation models and several account sizes. The prop firm is accessible when judging by registration fees and promises a high profit split ration.
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