Getting Started with Prop Trading: The VeloPerps Way

Prop trading can seem intimidating at first, but the VeloPerps evaluation system is designed to make it straightforward and fair. In this guide, we'll walk you through everything you need to know to get started.

Understanding the Evaluation

The evaluation is a one-time challenge that proves your trading skills. Unlike traditional funding sources, there's no lengthy application process or bureaucracy. You simply:

1. Choose your account size ($5K to $100K)
2. Pay a one-time fee
3. Trade until you hit the 8% profit target
4. Get funded with a 85% profit split

Key Rules to Remember

While the evaluation is flexible (no time limit, no minimum trading days), there are safeguards to protect your account:

• Daily Loss Limit: You cannot lose more than 3% of your account balance in a single day.
• Max Drawdown: Your maximum drawdown from the starting balance cannot exceed 5%.
• Profit Target: Hit 8% profit to pass and get funded.

Getting Paid

Once you pass the evaluation and qualify for funding, you can request payouts when you meet these criteria:

• At least $50 in profit
• No open positions
• Identity verification completed (KYC)

Payouts are reviewed and typically processed within 24 hours of approval, sent in USDC to your wallet of choice (Arbitrum, Base, Ethereum, or Solana).

Tips for Success

The most successful traders focus on consistency and risk management. Don't rush to hit the profit target; focus on steady, disciplined trading. Use position sizing to stay within the daily loss and drawdown limits.