The general rules of the 2-Stage Evaluation are as follows:
Maximum overall drawdown = 10%
Maximum Daily Loss = 5%
Phase 1 profit target = 7.5%
Phase 2 profit target = 5%
Upgrades available during checkout:
1) 90% profit split
2) Double leverage (1:30)
We have a minimum trading day objective of three (3) trading days for each challenge phase, wherein a minimum of 0.50% profit must be made on each of these days.
A trading day is considered any day when at least 0.50% of profit is made for the day.
If a trade is held over multiple days, then the day when the trade was executed is considered as the trading day.
The Maximum drawdown is the maximum amount that your account can drawdown in before you would hard breach your account.
For example, if your initial account balance is $10k and you have a max drawdown of 10%, then your maximum loss value will remain at $9,000 for the duration of your challenge. This is applicable to both account balance and equity.
The Daily Loss Limit is calculated based on the previous day’s end of day balance.
For example, if your prior day’s end-of-day balance was $10,000 you would breach the Daily Loss Limit of 5% should your balance or equity the next day fall to $9,500.
Maximum leverage on our accounts is as follows:
1:50 For forex
1:20 For commodities
1:10 For indices
1:5 For equities
1:2 For crypto
The maximum number of allowed lots is as follows:
$5K – 1 lot
$10K – 2 lots
$25K – 5 lots
$50K – 10 lots
$100K – 20 lots
$200K – 40 lots
If you simultaneously execute multiple trades on the same pair which run concurrently, the cumulative lot size across those positions should not exceed the max allowed lot size for that account size.
If you fail to adhere to the max lot size on a trade or position, our system will automatically detect this and close any position that exceeds the max lot size limit. In addition to this, you will also receive a warning email. This is only considered a soft breach rule, so you will be able to continue trading your account. The profits made may be deducted prior to you being able to proceed to the next phase of the funding program. You are allowed 2 soft breaches, and the third breach is considered a hard breach. Learn more about the difference between a Soft Breach and a Hard Breach.
Do note, margin and leverage requirements still apply. So, even though these are the maximum lots that can be traded, it is possible based on the leverage of the account that you may not be able to trade up to the maximum depending on the specific trade.
To protect both our capital as well as you, the trader’s capital, you are allowed to risk a maximum of 2% of your account balance per trade idea. This is equivalent to 40% of your daily drawdown limit and is applicable on all phases of the evaluation.
This applies to multiple trades on the same pair which run concurrently, the cumulative risk across those positions should not exceed 2%.
If you fail to adhere to the max risk allowed on a trade or position, our system will automatically detect this and close any position that exceeds the max risk limit. The profits made may be deducted prior to you being able to proceed to the next phase of the funding program. You are allowed 2 soft breaches, and the third breach is considered a hard breach.
Trading is driven by emotions rather than rational analysis, similar to gambling. Traders may pursue losses, make impulsive trades, or display addictive tendencies, leading to negative trading outcomes. Your biggest loss should not exceed 3% of the account size on the Funded accounts only. Splitting up a trade into multiple positions will be counted as one single trade on any of our accounts. Gambling behavior can lead to the termination of a funded account.
Continuously entering and exiting trades without a clear strategy or rationale, resulting in diminished profitability and emotional exhaustion.