Each Challenge stage has its own set of requirements that must be met to pass to the next phase.
Please take your time to read the requirements thoroughly before beginning to trade. If the requirements are not met, you will be disqualified from winning a Funded Account.
Elite Challenge:
Step 1:
Duration: 35 days
- The number of minimum trading days: 5
- Profit target: 10%
- Maximum daily loss (Equity)*: 8%
- Maximum overall loss: 11%
Step 2:
Duration: 70 days
- The number of minimum trading days: 5
- Profit target: 5%
- Maximum daily loss (Equity)*: 8%
- Maximum overall loss: 11%
Unlimited Challenge:
Step 1:
- The number of minimum trading days: 10
- Profit target: 10%
- Maximum daily loss (Equity)*: 6%
- Maximum overall loss: 10%
Step 2:
- The number of minimum trading days: 10
- Profit target: 5%
- Maximum daily loss (Equity)*: 6%
- Maximum overall loss: 10%
One Step Challenge:
Duration: 45 days.
- The number of minimum trading days: 10
- Profit target: 10%
- Maximum daily loss (Equity)*: 4%
- Maximum overall loss: 8%
Consistency Rule*:
Your best trading day shall not exceed 50% of your overall profit target.
This rule applies to all of the Challenges.
The daily drawdown:
The daily drawdown is calculated in a percentage as the variation of equity during a trading day, which is reset at midnight Trading Platform Server Time*.
An example of this may be:
The equity was initially $540 and then increased to $600, the profit would be 60%.
The same reasoning is used when the value goes into negative, reflecting a drawdown of -$60.
Server Time:
- The server time may fluctuate between GMT+2 and GMT+3 as a result of daylight saving time changes.
- The top left corner of your account displays the current server time for your reference.
The evaluation:
Once Step 2's requirements have been met, our Trade Specialists will evaluate your trading history to review your trading portfolio and consistency.
- Consistency of position size.
- Consistent and appropriate scaling of trades.
- The position sizes held before and during major news events and/or market closings.
- Amount of profit earned within a day. Profit earned on a single trading day should not exceed 50% of the overall profit earned.
- Lot sizes traded on capital. Multiple factors will be taken into consideration, such as the asset traded, time, and date along with other market conditions.
- Usage of protections including Stop Losses and Take Profits.
Post evaluation, our team will determine if the trading strategy used suits our risk appetite.
Our assessment will determine whether we shall grant or deny a funded trading account for the final stage.
