2 Step ChallengeTrading Rules
Our most popular challenge format. Two evaluation phases that thoroughly test your trading skills and consistency before funding. Balanced approach for serious traders.
Trading Rules for 2 Step Funding
Comprehensive overview of all trading rules and requirements
| Rule Area | Step 1 | Step 2 | Funded | Notes |
|---|---|---|---|---|
| Profit Target | 10% | 5% | - | Funded account has no profit limit |
| Daily Loss Limit | 4% | 4% | 4% | Equity-based, based on prior day balance (Hard Breach) |
| Max Drawdown | 8% | 8% | 8% | Equity-based, does not trail (Hard Breach) |
| Inactivity Period | 30 Days | 30 Days | 30 Days | Must place trade (Hard Breach) |
| Leverage | 1:30 | 1:30 | 1:30 | |
| Flat for Weekend | Yes | Yes | Yes | All positions closed on Friday 3:45pm (Soft Breach) |
| Max Time | - | - | - | No Max time requirements |
What is the Max Lots Rule?
Max open positions (lots) must not exceed 1/3,333th the size of the Assessment account (soft breach); for example, a $10,000 account could have ~3 lots open at once.
Hard Breach vs Soft Breach Rules
Hard Breach
Hard breach means that you violated either the Daily Loss Limit or Max Drawdown rule. Both rules constitute a hard breach. In the event you have a hard breach, you will fail the Assessment or have your Funded Account taken away.
Soft Breach
Soft breach means that we will close all trades that have violated the rule. However, you can continue trading in your Assessment or Funded Account.
Rule Calculations
How Do You Calculate the 4% Daily Loss Limit?
The Daily Loss Limit is the maximum your account can lose in any given day. Daily Loss Limit is calculated using the previous day balance which resets at 5 PM EST. Daily Stop compounds with the increase in your account.
Example:
If your prior day's end of day balance (5pm EST) was $100,000, your account would violate the daily stop loss limit if your equity reached $96,000 during the day. If your floating equity is +$6,000 on a $100,000 account, your new-day (5pm EST) max loss is based on your balance from the previous day ($100,000). So, your daily loss limit would still be $96,000.
How Do You Calculate the 8% Max Drawdown?
Maximum drawdown is the maximum your account can drawdown before you would hard breach your account. When you open the account, your Maximum Drawdown is set at 8% of your starting balance. This 8% is static and does not trail.
Key Point:
Unlike the 1 Step challenge, the 2 Step max drawdown is static and does not trail your account balance. It remains fixed at 8% of your starting balance throughout the entire challenge and funded phase.
Additional Trading Rules
Can I Hold Positions Over the Weekend?
Positions on crypto can be held over the weekend. We require all trades on other assets to be closed by 3:45pm EST on Friday. Any trades left open after this time will automatically be closed prior to market closing.
Note: This is only a soft breach and you will be able to continue trading once the markets reopen.
What is 1 Lot Equal to on the Trading Platform?
Note: SPX500 and JPN225 have special contract sizes as shown above.
Is There a Breach for Inactivity?
Yes. We will consider you inactive and your account will be breached if you do not have any trading activity on your account for 30 consecutive days.
How It Works
Step 1 Evaluation
Achieve 10% profit target while managing risk according to our rules.
Step 2 Verification
Confirm your consistency with a 5% profit target in the verification phase.
Get Funded
Receive your funded account and start earning with our capital.
Funded Accounts | Frequently Asked Questions
Upon passing your Assessment, you will receive an email with instructions on how to access and complete both your "Know Your Customer" verification and your "Trader Agreement". Once both are completed and supporting documentation is provided, your Funded Account will be created, funded and issued to you typically within 24-48 business hours. You will receive a confirmation email once this account is being enabled.
Once you pass the Assessment, we provide you with a funded account, backed by our capital. The capital in your funded Account is notional and may not match the amount of capital on deposit with the Liquidity Provider. A Funded Account is notionally funded when actual funds in the account (i.e., the equity in a Funded Account represented by the amount of capital) differs from the nominal account size (i.e., the size of the Funded Account that establishes the initial account value and level of trading). Notional funds are the difference between nominal account size and actual capital in a Funded Account. Use of notional funding does not impact your trading conditions in any way.
No. We do not have any control over pricing from the liquidity provider or on the executions on your trades.
For purposes of managing risk and minimizing transaction costs, we may offset or negate market risk and act as the direct counterparty to certain trades initiated in the Account. Such trades are executed at prices provided by arm's length third parties. This framework is intended to ensure you receive real market execution on your trades, while simultaneously allowing us to manage risk dynamically by routing existing positions or future orders to third parties for execution as we deem appropriate.
The rules for the Funded Account are exactly the same as your assessment account. However, with a Funded Account, there is no profit target.
Traders can request a withdrawal of the gains in their funded account at any time in their trader dashboard, but no more frequently than once per thirty (30) days. When you are ready to withdraw the gains from your funded account, click the Withdraw Profits button in your trader dashboard and enter the amount to withdraw.
Our technology is currently integrated with DXtrade, MatchTrader & cTrader platforms via GooeyTrade.
You can trade any products streamed by the Liquidity Provider into the available platforms, as such products may change from time to time. This includes FX pairs and CFD Indices, Commodities, Metals, and Cryptocurrencies.
Opening a position within 3 minutes before or after a News Event is prohibited. Any traders identified as having opened a position during a News Event are subject to having that position closed and the associated P&L removed from their account, having the leverage on their account reduced or having their account breached altogether. The Company has sole and absolute discretion in determining what constitutes a News Event. This rule is intended to protect the integrity of our program and is not meant to penalize traders who inadvertently trade through a news event.
When trading a Funded Account for our firm, you are treated as an independent contractor. As a result, you are responsible for any and all taxes on your gains.