What is Prop Trading?
Proprietary trading, or prop trading, is when a trader uses a simulated trading account to demonstrate their skills without risking their own money. If a trader meets specific performance criteria, such as hitting a profit target and staying within drawdown limits, they can earn real payouts based on their trading results.
With Hoorah, you can trade in a risk-free simulated environment, where you can unlock real-world profits once you demonstrate your consistency and skill.
How Does It Work?
There are two main ways to get started:
1. Challenge-Based Entry
Traders begin by joining a multi-step challenge, where they must hit a profit target, stay within drawdown limits, and trade for a minimum number of days. These rules are designed to test skill and consistency—not luck.
Once you pass all the steps, you receive a simulated funded account tied to real payouts. From here, your profits can be withdrawn and your journey begins.
2. Instant Funding
Want to skip the evaluation process? Instant funding gives you immediate access to a simulated funded account. There’s no challenge to pass—just trade, and if you're profitable, receive real payouts.
It’s the fastest way to start trading under real conditions without risking personal funds.
Scaling Up Your Simulated Account
Unlike most firms that only offer scaling after months of consistent payouts, with Hoorah you can grow your account through two flexible paths:
1. Instant Scaling
Ready to jump to the next level? Pay a one-time upgrade fee to instantly scale your account to a larger size. No waiting period, no additional evaluation—just scale up and keep going.
2. Continue the Challenge
Prefer to earn your way up? Complete another challenge and unlock the next simulated account size. It’s a cost-effective way to grow and keep proving your consistency as a trader.
Whether you choose instant scaling or the challenge route, you’re always progressing in a simulated environment with real profit potential.
Why Traders Choose This Model
- No risk to personal funds
- Realistic challenges that reward skill
- Simulated accounts tied to real payouts
- Instant funding available for fast starts
- Flexible scaling options: upgrade instantly or earn your way up
Start Your Prop Trading Journey with Hoorah
Now that you understand how prop trading works, you can take the next step. Join a challenge or opt for instant funding, then scale your account to reach your full trading potential. With Hoorah, you can trade with confidence, knowing there’s no risk to your personal funds and a clear path to growth and earnings.
Get started with Hoorah’s prop trading platform today and begin your journey toward consistent profits and trading success.