|
Phase 1 |
Phase 2 |
Phase 3 |
|
|---|---|---|---|
|
> Minimum Trading Period |
5 days |
5 days |
- |
|
The minimum trading period for all challenges is 5 days per phase, respectively. If a participant completes all of the challenge objectives and meets the minimum days trading requirement they will move forward. This is applicable in the challenge and verification phase. |
|||
|
> Minimum Number of Trades |
15 Bets |
15 Bets |
15 Bets |
|
To meet this objective, you must place at least 15 bets during the trading period cycle. No trading day minimums. |
|||
|
> Trade Minimum |
$50 |
$50 |
$50 |
|
This is the minimum amount you are allowed to place per bet |
|||
|
> Trade Maximum |
$250 |
$250 |
$250 |
|
This is the maximum amount you are allowed to place per bet |
|||
|
> Max Daily Loss |
10% |
10% |
10% |
|
This is set as a daily percentage from the initial account balance. The rule says that at any moment of the day Eastern Standard Time, the result of all closed positions in sum with the currently open floating P/Ls (profits/losses) must not hit the determined daily loss limit. The counting formula:
Current Daily loss = results of closed positions of this day + result of open positions.
Be careful as the Maximum Daily Loss resets at 4 am EST. The size of the Maximum Daily Loss gives trader enough space for trading and it guarantees a clearly defined daily risk to the investor. Both the trader and investor benefit from this rule as the account value will not drop below the limit. That’s also why the Maximum Daily Loss limit includes your possible floating losses. |
|||
|
> Max Drawdown |
15% |
15% |
15% |
|
The trading account must not, at any moment during the account duration, decline below the Max Drawdown % of the initial account balance. |
|||
|
> Profit Target |
20% |
15% |
x |
|
Profit target means that a trader reaches a profit in the sum of closed positions on the assigned trading account anytime within 30 calendar days in a Challenge or anytime within 45 calendar days in the Verification. Also, at the end of the trading period, all positions must be closed to count towards this criteria. |
|||
|
> Refund |
- |
- |
Initial Payment |
|
Initial payment is refunded with the traders first profit withdrawal from their funded account. |
|||
|
Aggressive Phase 1 |
|||||
|---|---|---|---|---|---|
|
Account Balance |
$5,000 |
$10,000 |
$25,000 |
$50,000 |
$100,000 |
|
Minimum Trading Period |
5 days |
5 days |
5 days |
5 days |
5 days |
|
Minimum Number of bets |
15 Bets |
15 Bets |
15 Bets |
15 Bets |
15 Bets |
|
Bet Minimum |
$250 |
$500 |
$1,250 |
$2,500 |
$5,000 |
|
Bet Maximum |
$500 |
$1,000 |
$2,500 |
$5,000 |
$10,000 |
|
Max Daily Loss |
15% |
15% |
15% |
15% |
15% |
|
Max Drawdown |
20% |
20% |
20% |
20% |
20% |
|
Profit Target |
20% |
20% |
20% |
20% |
20% |
|
Refund |
- |
- |
- |
- |
- |
|
Normal Phase 1 |
|||||
|---|---|---|---|---|---|
|
Account Balance |
$5,000 |
$10,000 |
$25,000 |
$50,000 |
$100,000 |
|
Minimum Trading Period |
5 days |
5 days |
5 days |
5 days |
5 days |
|
Minimum Number of bets |
15 Bets |
15 Bets |
15 Bets |
15 Bets |
15 Bets |
|
Bet Minimum |
$50 |
$100 |
$250 |
$500 |
$1,000 |
|
Bet Maximum |
$250 |
$500 |
$1,250 |
$2,500 |
$5,000 |
|
Max Daily Loss |
10% |
10% |
10% |
10% |
10% |
|
Max Drawdown |
15% |
15% |
15% |
15% |
15% |
|
Profit Target |
20% |
20% |
20% |
20% |
20% |
|
Refund |
- |
- |
- |
- |
- |
