Frequently Asked Questions

Hoorah is a prop trading platform offering two main options: the 3-Step Challenge and Instant Funding. With the 3-Step Challenge, users can choose their starting balance and account type to earn a funded account through a series of steps. After completing the challenge, users can scale their funded account risk-free by demonstrating consistent performance. Instant Funding allows users to pay a one-time fee to immediately receive a funded account of $5k or $50k, without scaling options.

With Instant Funding, you pay a one-time fee to immediately receive a funded account of either $5,000 or $50,000 with which you immediately start trading on Hoorah and receive payouts of the generated profits.

The 3-Step Challenge allows you to earn a chance for a funded account by completing 3 steps to prove your skills. You can choose your starting balance and account type, with unlimited tries and unlimited trading days while subscribed.

To get a $1,000,000 funded account, you need to reach a $400,000 funded account through the 9-step challenge. After that, you can scale up to $1,000,000 with a one-time fee of $4,999.99.

The add-ons give you the flexibility to adjust key aspects of your challenge. For example, the Profit Accelerator reduces your profit target, and the Risk Manager increases your daily loss limit.

Classic accounts require a 5% profit target with a 5% daily loss limit and 5% drawdown, while Competitive accounts have a 6% profit target with stricter risk limits (4% daily loss and 4% drawdown).

If you have an active subscription, you can try the challenge as many times as needed. If you purchased a one-time 3-Step Challenge you will have to apply for another one-time challenge or move to our weekly subscription.

Yes, we offer a 1-week free trial for the 10k to 50k Classic account with a subscription. You can experience the full challenge for one week before continuing with your subscription. You can only benefit once from the free trial and it does not cumulate with another promotion. Enter the code FREETRIAL in the Order Summary when choosing your Challenge.

The subscription option gives you unlimited consecutive tries to complete the challenge as long as your subscription is active. With the one-time payment option, you have access to one 3-step Challenge. Once you succeed you have the option to benefit from instant scaling risk-free. Only the subscription grants you access to the $1,000,000 funded Account through additional 3-step challenges.

To cancel your subscription, go to app.hoorah.trade/billing, click on "Manage," and then select "Cancel Subscription". Please note that when you cancel your subscription, your trading account will be deleted, and your challenge will be stopped.

To pass the 3-Step Challenge, you need to meet the profit target for each step while staying within the daily loss limit and maximum drawdown. Make sure to trade consistently and follow the rules for each step. You'll need to trade minimum 5 days for each step to progress to the next.

The add-ons give you the flexibility to adjust key aspects of your challenge. For example, the Profit Accelerator reduces your profit target, and the Risk Manager increases your daily loss limit. Both add-ons can only be activated for one of the three steps of a give challenge.

The profit target is the specific amount of profit a trader needs to achieve during a trading period or challenge to progress to the next trading phase. Example: If a trader on a $10,000 account reaches $10,500 equity with a 5% profit target, they have passed the challenge.

he maximum allowable loss a trader can incur in a single trading day. Exceeding this limit results in failing the trading challenge or termination of the funded account. Calculated based on the trader's equity at 00:00. Example: With a 5% daily loss limit, if a $10,000 account reaches $9,500 equity, the challenge fails.

To successfully pass the challenge, the trader needs to open new positions on at least 5 different days.

A dynamic loss limit that moves up as a trader's equity increases, locking in gains. The trailing drawdown stops adjusting when it reaches a defined threshold of your initial balance and serves as the maximum allowable loss from that point onward. A 5% trailing stop follows your account balance until you achieve 5% profits. Once your account hits a 5% profit, the maximum trailing drawdown locks in at your starting capital and no longer follows your account’s changes. Example 1: If you start with a $10,000 account, your maximum drawdown will be 5%, which is $500. The account equity should not fall below $9,500 at any time. Example 2: If your account balance grows to $10,400, your max drawdown will now be $10,400 - $500 = $9,900. The account should not drop below $9,900 at any point. Example 3: If your account balance reaches $11,500, your maximum trailing drawdown will be locked at $10,000. Your account should never fall below $10,000 in equity or balance.

We allow Overnight Holding for Challenge Accounts

Allowed on Challenge Accounts

Allowed as long as the position duration is at least 2 minutes.

Trading with positions held for less than 2 minutes is not allowed.

Automated trading systems or algorithms are not permitted at any stage.

Trading based on market-moving news events is prohibited at all stages.

Trading strategies focused on price gaps are not allowed.

Any attempt to manipulate or exploit technical vulnerabilities of the trading platform will result in termination of the account.

High-risk strategies without proper analysis, risk management, or discipline are not permitted.

For Funded Accounts/Instant Funded Accounts, all the positions are closed and 4:00 pm EST daily and there is no trading from 4:00 pm EST - 6:00 pm EST.

Not allowed on Funded Accounts/Instant Funded Accounts

Allowed as long as the position duration is at least 2 minutes.

Trading with positions held for less than 2 minutes is not allowed.

Automated trading systems or algorithms are not permitted at any stage.

Trading based on market-moving news events is prohibited at all stages.

Trading strategies focused on price gaps are not allowed.

Any attempt to manipulate or exploit technical vulnerabilities of the trading platform will result in termination of the account.

High-risk strategies without proper analysis, risk management, or discipline are not permitted.

You can choose to instantly scale your account by selecting a one-time payment option or continue with your subscription succeed another 3- step challenge and achieve scaling.

With instant scaling, you can choose to pay a one-time fee to start with a higher balance for your funded account, after passing the 3-Step Challenge. This allows you to begin with either $25,000 or $50,000 instead of $10,000 and either $200,000 or $400,000 instead of $100,000.

When you decide to continue your challenge, you start a new 3-step challenge with a higher account balance. Once you pass, you will receive a funded account with that higher balance. Otherwise, you will be able to start a new challenge as long as your subscription is active.

After choosing the one-time payment to scale your account, the funded account balance cannot be modified.

If you start with a $10,000 balance, the highest funded account you can receive is $50,000 through instant scaling or continueing your challenge. To scale beyond that, you will need to complete a $100,000-$1,000,000 challenge.

To get a $1,000,000 funded account, you need to reach a $400,000 funded account through scaling up to $400,000 with 3-step challenges. You can then decide to scale up from $400,000 to $1,000,000 with a one- time fee of $4,999.99.

Instant Funding does not offer scaling options. You will receive a funded account of either $5,000 or $50,000 as per your initial choice.

Visit app.hoorah.trade and enter your registered email and password to log in.

On the login page, click “Forgot Password” and follow the instructions to reset your password via email.

Check your spam or junk folder for an email from support@hoorah.trade. If you still don’t see it, try searching for “Reset Your Password” or contact our support team.

Yes, your Hoorah dashboard account is the same for all challenges. You can view and manage all active challenges after logging in.

Double-check that you’re using the correct email and password. If the issue persists, try resetting your password or clearing your browser cache before attempting again.

Yes, you can access your Hoorah dashboard from any device, but for security reasons, avoid sharing your login credentials

Open one of the Hoorah by cTrader applications (Web, iPhone, Android, Windows, or Mac) and log in using your registered email. Once logged in, your trading account should appear in the account drop-down menu in the upper-right corner.

If your account does not appear after logging into Hoorah by cTrader, ensure you are using the correct email. If you do not have a cTrader account linked to your email, you’ll need to sign up.

You can create a Hoorah cTrader account using your registered email on any Hoorah by cTrader platform (Web, iPhone, Android, Windows, or Mac). Once you sign up and log in, your trading account should be visible.

If you don’t already have a cTrader account, check your inbox (including spam) for an email from noreply@ctrader.com with the subject "[ACTION REQUIRED] Set Your cTrader ID Password." Follow the instructions to set up your password. If the email is in spam, mark it as "Not Spam" before clicking the "Set Password" button.

Check your spam or junk folder for an email from noreply@ctrader.com. If it’s not there, try searching for the subject "[ACTION REQUIRED] Set Your cTrader ID Password." If you still can’t find it, contact our support team at support@hoorah.trade.

Yes, if you forgot your password, you can reset it through the Hoorah by cTrader login page. Look for the "Forgot Password" option and follow the instructions.

Yes, both the 3-Step Challenge and Instant Funding options grant access to a wide range of instruments, including cryptocurrencies, Forex, stocks, commodities, and indices.

Funded accounts grant access to a wide range of instruments, including Forex, commodities, indices, cryptocurrencies, and stocks.

Once you have completed a 3-Step Challenge, it grants you access to a funded account of either $10,000 or $100,000, with scaling options available up to $1,000,000. Instant Funding provides immediate access, no challenge required, to a funded account of either $5,000 or $50,000 with no scaling options.

Yes, both the 3-Step Challenge and Instant Funding options grant access to a wide range of instruments, including cryptocurrencies, Forex, and commodities. Stocks and indices coming soon.

Funded accounts grant access to a wide range of instruments, including forex, commodities, and cryptocurrencies. Stocks and indices coming soon.

Payouts are processed monthly and can be withdrawn via bank transfers. Traders must maintain consistent performance and meet payout eligibility criteria.

Hoorah by cTrader offers advanced performance analysis tools to help you monitor your trades, identify trends, and improve your strategies.

Absolutely! Hoorah by cTrader is accessible across multiple devices, including desktop, mobile, and web, allowing you to trade anytime, anywhere.

Yes, Hoorah by cTrader is the exclusive platform for managing your funded account, offering advanced tools and seamless cross-device trading.