Profit Targets
- Phase 1: 6% profit target
- Phase 2: 6% profit targe
- Phase 3: 6% profit target
- Simulated Funded Account: No profit target
Drawdown Limits
- Daily Drawdown:
- Limit: 4% of the initial balance
- Calculated at 21:59 GMT
- Resets daily at 21:59 GMT
- Max Drawdown:
- Limit: 10% of the initial balance
- Hard Breach:
- Occurs if any of the above limits (by balance or equity) are violated
Excessive Margin Usage
Excessive margin usage is strictly prohibited on all Evaluation and Simulated Funded Accounts. Traders must apply responsible risk management and must not use too much of their account equity as margin, whether through a single position or multiple open positions. Trading that leaves insufficient free margin or demonstrates reckless overleveraging may be classified as excessive following review by the Risk Team. A confirmed violation will result in a Hard Breach.
Minimum Trading Days
- Phase 1: Minimum of 3 trading days
- Phase 2: Minimum of 3 trading days
- Phase 3: Minimum of 3 trading days
- Simulated Funded Account: Minimum of 3 trading days
- Lot Size: A minimum of 0.01 lots may be used to satisfy the trading day requirement
- Definition of a Trading Day:
- A trading day is counted only when a new position is both opened and closed
- A new trading day begins at 21:59 GMT