Which currency should I price challenges in?
Quick answer
Most prop firms price in US dollars because trading accounts are denominated in USD and traders worldwide understand it. Some firms show local currency prices or offer euro pricing for European traders. Keep the account balance currency and the price currency consistent to avoid confusion.
Detailed answer
Considerations:
- USD: the industry default, simplest for comparisons and accounting.
- EUR or GBP: familiar for European traders, but you take on conversion.
- Local display: showing converted prices helps understanding, even if you charge in USD.
- Payouts: usually calculated in the account currency, then converted for payment.
Choose one base currency for accounting and stick to it. Account balances on PropExecutor are set per account type as a starting balance, and every report is in that account's terms, so keeping your pricing in USD makes the numbers line up end to end.
Showing local prices
If you show converted prices, make clear that the charge is in USD and that the card issuer may apply its own conversion. Unexpected currency fees are a common source of small disputes.
Payout currency
Decide whether payouts are made in USD or converted, and who bears conversion costs. State it in the payout policy.
PropExecutor team · Updated
Related questions
All 24 questions in Payments and trader payouts · Every category