In order to pass the Challenge you would need to complete two phases and meet the following requirements:
Phase 1:
- Duration: 30 Days
- The number of minimum trading days: 10 Days
- Profit over 30 days: 10%
- Maximum daily loss (Equity)*: 5%
- Maximum overall loss: 12%
Phase 2:
- Duration: 30 Days
- The number of minimum trading days: 10 Days
- Profit over 30 days: 10%
- Maximum daily loss (Equity)*: 5%
- Maximum overall loss: 12%
*How to calculate maximum daily loss (Equity)?
((Current Equity – End of Previous day Equity) / End of Previous day Equity) x 100
For instance:
If your current equity is $15000 and the equity by the end of the previous trading day was $19000, it would indicate a daily drawdown/loss of -21%.
(($15000-$19000) / $19000 x 100 = – 21%
On the other hand, if your current equity is $15000 and the equity by the end of the previous trading day was $13000, it would reflect a daily profit of 15%.
(($15000-$13000) / $13000 x 100 = 15%
Please keep in mind that the Maximum Daily Loss is reset at midnight server time daily.
Depending on daylight savings time changes, server time may fluctuate between GMT+2 and GMT+3.
To check the current server time, you can refer to the display located in the top left corner of your trading account.
Once you pass Phase 2, you will receive an email from us. Our dedicated team of trading experts will then perform an evaluation of your trading activity throughout the Challenge.
Upon completion of the verification stage (phase 2) you will receive a refund of your entry fee.
The following points will be taken into consideration:
- Profit earned during one trading day should not exceed 25-30% of the overall profit earned while trading.
- The consistently appropriate Scaling of trades.
- The consistency of Position Size.
- The Position Sizes are held before and during major news events and/or market closings.
- The Lot Sizes are traded on capital. Multiple factors will be taken into consideration such as the Assets traded, Date and Time along with other Market Conditions.
- Usage of protections including Stop Losses and Take Profits.
After our dedicated team of trading experts reviews your accounts, they will confirm if your trading strategy suits our risk appetite. If so, we will grant you a real Funded Account.
Should you fail to meet any requirement, you will be disqualified. However, you will be able to start again by purchasing a new challenge.
For the guide on how to purchase a new challenge click/tap here.
