All challenges have unlimited trading time to complete.
We have a minimum trading day objective of five (5) trading days for each challenge phase, wherein a minimum of one (1) position must be opened on each of these days.
A trading day is considered any day when at least one trade is executed. 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.
Maximum leverage and lot size restrictions apply depending on the account size.
Maximum leverage on our accounts is as follows:
The maximum number of allowed lots is as follows:
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.
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 2.50% of your account balance per trade. This is equivalent to 50% of your daily drawdown limit. This applies to multiple trades on the same pair which run concurrently, the cumulative risk across those positions should not exceed 2.50%.
To protect both our capital as well as you, the trader’s capital, you are allowed to risk a maximum of 2.50% of your account balance per trade. This is equivalent to 50% of your daily drawdown limit. This applies to multiple trades on the same pair which run concurrently, the cumulative risk across those positions should not exceed 2.50%.
Our spreads are highly competitive and usually less than one pip for most forex pairs and gold during normal market conditions. However, it's essential to note that spreads increase during high-impact news and periods of volatility. Therefore, traders should consider this factor while making their trading decisions.
It's important to remember that spreads are determined by current market conditions and several factors.
Regarding commissions, the rate is $3.50 per lot, per side, which means traders pay $7.00 per round trip.Our spreads are very competitive and are usually less than one pip during normal market conditions on most forex pairs and gold. Naturally, spreads do increase during high-impact news and periods of volatility, and traders should be aware of this and factor this into their trading decisions.
Current market conditions and factors will determine the spreads at the time.
EAs (Expert advisors) are allowed, but certain types are prohibited.
It is mandatory to set a stop loss after passing the evaluation phase. This is because risk management is crucial for long-term success in trading and to safeguard your capital.
Once you open a position, you have a five-minute window to place a stop loss. If you open multiple trades for the same pair during this 5-minute window, they will be treated as a single position and require a stop loss.
If you fail to set a stop loss within five minutes of opening a trade, our system will automatically detect this and send you a warning email. This is a soft breach rule, and you will be allowed two such warnings before a hard breach occurs. If you breach the rule a third time, it will be a hard breach, and any profits made on trades without a stop loss will be deducted.
The stop loss value when the trade is closed is final. If a trade is closed without a stop loss or if the stop loss is set incorrectly, it will be considered a breach, regardless of the trade duration.
If you make trades that violate the rules, there are different consequences depending on the severity of the violation.
A soft breach occurs when you violate a rule, but the trades that did so will not be counted. You can still trade with your Assessment or Funded account.
A hard breach happens when you violate either the Daily Loss Limit or the Max Trailing Drawdown rule. If this occurs, you will fail the Assessment or your Funded account will be taken away.
Please note that accessing trading accounts through a VPN (Virtual Private Network) or a VPS (Virtual Private Server) is not recommended, as it may violate our terms and conditions. As per our Terms and Conditions, all traders associated with our challenge and funded programs must be the sole traders of their accounts.
Therefore, we advise against accessing any trading account via VPN or VPS to ensure that we can properly track the data through our internal systems. Please note that this is a common practice for any service that does not allow multiple users on the same account.
It is important to note that you are not prohibited from using a VPN or VPS. However, if any potentially malicious activity is found on your account, the use of a VPN or VPS will be a significant determining factor in whether you are deemed to have violated our terms and conditions.
These rules govern your engagement with Funding Frontier. Adherence to these guidelines is essential for maintaining compliance and ensuring the integrity of the trading environment.