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Phase 1 is the first phase of the evaluation process. You must achieve a virtual profit target while following the rules. In Phase 1, you will execute simulated trades within a demo environment that looks to simulate the real market via latency and static slippage associated with the size of your order.
Once you successfully complete all of the simulated trading objectives and prove your skills, you will receive your phase 2 account within 24 hours and continue your path to getting funded.
If you are on the 1 Phase challenge, skip to step 3
Phase 2 is the validation phase where you will again prove your skills. You must achieve a virtual profit target while following the rules. In Phase 2, you will again execute simulated trades within a demo environment that looks to simulate the real market via latency and static slippage associated with the size of your order.
Once you successfully complete all of the simulated trading objectives and prove your skills, your results will be verified and you will move forward to becoming a Funded trader.
You have officially made it!
You must continue to display sound risk management as well as consistency and you will receive up to a 90% virtual profit split.
Your simulated performance will be evaluated every 3 months and if eligible you can scale up to $1,500,000 in virtual account balance. Please note that when trading on a Funded account, the real market is simulated as closely as possible by using real order book quotes aggregated from various liquidity providers. During times of high volatility, this will result in increased slippage. Due to the nature of simulating the real market as closely as possible, strategies that are successful in the Challenge and Verification phases may not necessarily be profitable in the Funded phase.
Phase 1Challenge |
Final PhaseCertification |
|
| Trading Period | Unlimited | Unlimited |
| Minimum Trading Days | Unlimited | Unlimited |
| Challenge Leverage | 1:100 | 1:100 |
| Virtual Profit Target | (10%) | None |
| Maximum Loss | (12%) | (10%) |
| Maximum Daily Loss | (5%) | (10%) |
| Expert Advisors & Weekend Holding | Yes | Yes |
| Drawdown Type | Equity & Balance | Equity & Balance |
| Virtual Profit Split | X | 80% | 90% with scaling |
| First Withdrawal
Bi-Weekly
Withdrawals Add-on available at
checkout
|
X | 30 Days |
| First Withdrawal Bonus | First Withdrawal Bonus | |
| HFT | Allowed | X |
| EA | Allowed | Allowed |
| Copy Trading | Allowed | Allowed |
| Account Management | Allowed | Allowed |
Phase 1 Challenge |
|||||||
| Demo Account Balance | $50,000 | $100,000 | $200,000 | $300,000 | $400,000 | ||
| Trading Period | Unlimited | Unlimited | Unlimited | Unlimited | Unlimited | ||
| Minimum Simulated Trading Days | 10 days | 5 days | 5 days | 5 days | 5 days | ||
| Target | $4,000 (8%) | $8,000 (8%) | (8%) | $24,000 (8%) | $32,000 (8%) | ||
| Virtual Max Loss | $5,000 (10%) | $10,000 (10%) | $20,000 (10%) | $30,000 (10%) | $40,000 (10%) | ||
| Max Daily Loss | $2,500 (5%) | $5,000 (5%) | $10,000 (5%) | $15,000 (5%) | $20,000 (5%) | ||
| First Withdrawal Bonus | $289 | $489 | $939 | $1,399 | $1,869 | ||
We do not aim to limit you in this challenge type. Use the EAs you'd like and do not worry about breaking any lot size limits.
The max drawdown being 10% and the virtual profit target of phase 1 being 5% makes this one of the most affordable challenges on the market.
Never worry about a violation on this challenge. You are able to trade freely and without any simulated news trading rules.
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