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Rules
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Drawdown Rules
Max Drawdown
Two Stages: 10.0% / One Stage: 8.0% A trader's equity must not fall below the specified percentage of the initial trading capital at any point.
Example
For a $100,000 account with a 10% max drawdown limit, the equity must not fall below $90,000. If equity reaches $90,000 at any point, the rule is breached.
Daily Drawdown
Two Stages: 5.0% / One Stage: 4.0% A trader's equity must not fall below the specified percentage of the previous day's balance at any point.
Example
For an account with a previous trading day's closing balance (recorded at 22:00 CET every day) of $105,000 and a 5% daily drawdown limit, the equity must not fall below $99,750 during the current trading day. If the equity reaches $99,750, the rule is breached.
Consequences
Breach of the drawdown rules in all stages results in an immediate account closure without refund.
Cash Risk Rules
Total Risk
Two Stages: 5.0% / One Stage: 4.0% A trader's combined risk on all open positions must not exceed the specified percentages of their initial capital at any point.
Example
For a $100,000 account with a 5% total risk limit, the combined risk of positions on all instruments (EURUSD, XAUUSD, BTCUSD) must not exceed $5,000.
Instrument Risk
Two Stages: 2.5% / One Stage: 2.0% A trader's risk on any single instrument must not exceed the specified percentages of their initial capital at any point.
Example
For a $100,000 account with a 2.5% instrument risk limit, the combined risk of positions on any single instrument (EURUSD) must not exceed $2,500.
Drawdown Protection
A trader's combined risk on all open positions and any single instrument must not exceed twice of remaining balance at any point.
Example
For a $100,000 account, if account balance drops to $95,500 (= $500 remaining before account closure) the maximum risk on all positions and any one instrument must not exceed $1,000.
Consequences
Breach of the cash risk rule results in different consequences depending on the current stage: In challenge stages, the trader needs to retake the current challenge stage with two free retakes. On the third breach, the account is closed immediately. In funded stage, the profit share of the next payout will be temporarily reduced to 10%.
Stop Loss Rules
Mandatory Stop Loss
Every trade must have a stop loss at all times. Newly opened trades have a 60-second grace period to allow the trader to set the stop loss.
Example
For a trade opened at 10:00:00 AM, a stop loss must be set by 10:01:00 AM. If the stop loss is not placed within this timeframe or is later removed at any point, the rule is breached.
Minimum Stop Loss
The initial stop loss on every trade must meet the minimum distance requirement. Any orders with a predefined SL that do not meet this requirement will be automatically rejected by MetaTrader. Once this minimum distance has been respected, the SL may be adjusted closer to the entry price. The minimum SL distance for each instrument is available in the dashboard and updated daily.
Example
For a EURUSD SELL trade opened at 1.00000, the initial stop loss must be at 1.00075 or greater, given that the minimum SL distance on EURUSD for that day is 75 points.
Consequences
Breach of the mandatory stop loss rule does not result in immediate consequences. Instead, the system automatically applies a substitute stop loss calculated using the average volatility of the instrument.
Example
For a EURUSD BUY trade opened at 1.07500, with the current 14-day ATR of 10 pips, the stop loss will be automatically set using 35% ATR at 1.07150.
Funding Rules
Instrument Classes
A trader may only trade those instrument classes in funded stage, that together made up at least 10% of their notional trading volume during the challenge stages.
Example
For an account that traded the below instruments during the challenge stage, it would be allowed to trade any Forex and Metals instruments when funded but not Crypto. If Crypto is traded in the funded phase, the rule is breached. 50 lots of EURUSD (~$5,000,000) 10 lots of XAUUSD (~$3,000,000) 10000 lots of XRPUSD (~$300,000)
Halved Risk Limits
A trader's Total Risk limit and Instrument Risk limit will be reduced to 50% of the challenge risk limits when funded.
Example
For an account that becomes funded, the following reduction will apply to the risk limits: Total Risk: 5% → 2.5% Instrument Risk: 2.5% → 1.25%
Consequences
Breach of these rules in funded stage results in a temporary profit share reduction on the next payout to 10%
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