Is it necessary to pass a new challenge for each account I wish to open with the same prop firm?

To open multiple accounts with the same proprietary trading firm, you typically need to pass a new challenge for each account. Most prop firms require traders to demonstrate their trading skills and risk management through a rigorous evaluation process before granting access to live capital. This ensures that each account meets the firm’s standards and aligns with their risk management protocols. However, some firms might offer specific programs or incentives for traders seeking to manage multiple accounts, such as reduced fees or expedited processes. It’s crucial to check the specific terms and conditions of the prop firm you are interested in, as policies can vary.