FAQs
Whether you're a seasoned trader or just starting your trading journey, our FAQ section is designed to provide you with the clarity and insights needed to make informed trading decisions.
1. Evaluation Rules
2. Trading Rules - Simulated Funded Account
1-Step Evaluation Rules
Profit Targets
- Phase 1: 9% target
- Simulated Funded Account: No profit target
Drawdown Limits
- Daily Drawdown: 4% based on the highest value of either the equity or balance at market close, calculated at 21:59 UTC+1. The daily drawdown limit resets daily at 21:59 UTC+1.
- Max Drawdown: 6% trailing from the highest equity or balance(high water mark) of the entire trading history.
- Hard Breach: Occurs if any of these limits (by balance or equity) are not respected.
Minimum Trading Days
- Phase 1: 5 minimum trading days
- Simulated Funded Account: 5 minimum trading days
- Lot Size: A 0.01 lot size may be utilised for this purpose.
- A trading day counts only if a new position is opened and closed. The new trading day begins at 21:59 UTC+1.
2-Step Evaluation Rules
Profit Targets
- Phase 1: 8% target
- Phase 2: 5% target
- Simulated Funded Account: No profit target
Drawdown Limits
- Daily Drawdown: 4% of the closing balance at 21:59 UTC+1. Resets daily at 21:59 UTC+1.
- Max Drawdown: 10% of the initial balance.
- Hard Breach: Occurs if any of these limits (by balance or equity) are not respected.
Minimum Trading Days
- Phase 1: 3 days minimum
- Phase 2: 3 days minimum
- Simulated Funded Account: 3 days minimum
- Lot Size: A 0.01 lot size may be utilised for this purpose.
- A trading day counts only if a position is opened and closed. The new trading day begins at 21:59 UTC+1.
3-Step Evaluation Rules
Profit Targets
- Phase 1: 6% target
- Phase 2: 6% target
- Phase 3: 6% target
- Simulated Funded Account: No profit target
Drawdown Limits
- Daily Drawdown: 4% of the closing balance at 21:59 UTC+1(resets daily).
- Max Drawdown: 10% of the initial balance.
- Hard Breach: Occurs if any of these limits (by balance or equity) are not respected.
Minimum Trading Days
- Phase 1: 3 days minimum
- Phase 2: 3 days minimum
- Phase 3: 3 days minimum
- Simulated Funded Account: 3 days minimum
- Lot Size: A 0.01 lot size may be utilised for this purpose.
- A trading day counts only if a position is opened and closed. The new trading day begins at 21:59 UTC+1.
Trading Rules - Evaluations
Trade as you like, with no specific rules other than the use of prohibited strategies.
Gambling Rule
- Maximum exposure must not exceed 3% of the account balance at any time.
- An "all or nothing" approach is strictly prohibited.
- Violations will result in a hard breach.
Layering Rule
- A maximum of 4 positions per instrument is allowed at any given time.
- Increasing the size of an existing position will be considered as opening a new position.
- Violations will result in a soft breach.
News Rule
- No modifications or new positions/orders are permitted starting 3 minutes before a high-impact news event (red folder) and continuing until 3 minutes after the event has ended.
- Pre-defined stop-loss (SL) or take-profit (TP) orders that were placed outside the news window are acceptable if they are filled.
- We use Forex Factory for tracking these events.
- Violations will result in a soft breach.
SL Rule:
- A stop-loss (SL) must be placed within 60 seconds of opening a trade.
- Violations will result in a soft breach, and any trade without an SL applied within the 60-second window will be automatically closed.
Lot Size Limits
Account Balance
Lot Size Limit
$10,000
6
$25,000
12
$50,000
25
$100,000
50
$200,000
100
- Violations will result in a soft breach.
3. Process
Performance Fee Policy
Payouts are biweekly, provided there are no soft breaches on the account. Additionally, traders must complete the required minimum trading days again each time their account is reset. Refunds will be issued with the first payout if no soft breaches occurred.
Profit Splits:
- 1-Step Evaluation: 90%
- 2-Step Evaluation: 90%
- 3-Step Evaluation: 95%
If approved, payouts will be processed within two business days. Please note that the day the payout request is made does not count towards this timeframe.
Payout Methods:
Payouts can be processed via cryptocurrency in USDC ERC-20. The trader will be liable for all costs associated with the payouts.
Maximum Allocation
- Max Allocation: $400,000
- Copy Trading: Allowed up to $200,000 for both challenge and funded Allocation.
- A completely new strategy must be implemented for Allocation exceeding 200k.
- For Allocation exceeding $200,000, different instruments must be traded.
- Parking Accounts: Accounts are only counted towards the specified limits if they are traded. Untraded accounts do not count against these limits.
- Violations will result in a hard breach.
Hard & Soft Breaches
- Soft Breaches: Each soft breach during an account review results in profits forfeiture and account balance reset. Three soft breaches result in a hard breach and account termination.
- Hard Breaches: The account is disabled and ineligible for profit requests.
- To request an early account review, the account must be in profit. Reviews are typically conducted when a payout is requested. However, if you believe you have committed a soft breach, you may request an early review, which will take 3-5 business days. The trading cycle will reset if an early review for a soft breach is requested. During the review, we will check for any soft breaches and reset the account if necessary.
Inactivity Rule
Accounts not traded for 30 days will be hard breached, resulting in termination and ineligibility for profit requests.
Prohibited Practices
Engaging in the following practices is strictly forbidden and may result in disqualification from the program:
- Exploiting pricing errors or delays on the Broker’s platform.
- Using confidential or insider information for trading decisions.
- Engaging in front-running or trading that may compromise the Company’s relationship with a Broker or lead to trade cancellations.
- Trading in ways that might cause regulatory complications for the Broker.
- Applying any third-party or widely marketed strategies designed specifically to pass assessment accounts.
- Holding or trading Single Share Equity CFDs around the time of an earnings announcement, with strict timing requirements for closing such positions.
- Entering Equity CFD trades at the close of a trading day with the aim of capitalising on overnight market gaps.
- Attempting to arbitrage between assessment accounts or with accounts from other entities.
- Any trading activity that the Company, at its sole discretion, identifies as prohibited, can lead to immediate termination from the program and potential forfeiture of fees paid.
- Group Trading & Management Services: No group trading, account management, or passing services allowed. Third-party services, including copy trading or collusion, are strictly prohibited.
- Third-Party Purchases: No purchases from third-party services allowed.
Expert Advisors (EAs) & Trade Copiers
- Usage: EAs are allowed but require pre-approval, and you must own the source code. Additionally, they should not cause hyperactivity.
- Trade Copiers: Require approval per account before use, with each account needing separate approval.
- Hyperactivity Definition: An account is considered hyperactive if the number of server requests exceeds 5,000 messages per day, which may result in an email notification.
- Risk Management Tools: Allowed without restriction.
Common server messages that contribute to hyperactivity include:
- “open order”
- “close order”
- “pending order”
- “no money”
Note: Exceeding 5,000 messages in a day is considered a soft breach.
Restricted Countries
- Iran
- Iraq
- North Korea
- Russia
- Pakistan