1 Phase Challenge offers a focused, single-phase approach. This program is perfect for traders seeking to demonstrate their skills and achieve funding without the complexity of multiple phases.
Trading Objectives:
- Achieve a 10% profit target of initial account size.
- Complete a minimum of 5 trading days.
- Follow all trading rules and risk limits.
Once you successfully pass the challenge phase, you will be advanced to a 1-Phase Funded Account.
For more information on 1-Phase Funded Account, click here.
Trading Rules (Challenge Account Only)
Maximum Loss Limit: 6% of the initial account size.
The Maximum Loss Limit represents the total amount you are permitted to lose on your account. It is calculated based on your initial account balance and defines the minimum equity or balance level your account must not reach. If this limit is breached, it is considered a hard violation and will result in immediate account closure.
Example:
For a $100,000 account, your equity or balance cannot hit $94,000.
Maximum Daily Loss: 4% of the recorded equity.
The Daily Loss Limit represents the maximum amount you are permitted to lose within a single trading day. It is calculated based on the higher value between your starting balance or equity at the beginning of the day. Breaching this limit constitutes a hard violation and will result in immediate account closure.
Example 1: Higher Equity
$100,000 balance with $105,000 equity, your equity cannot hit $100,800 that day.
Example 2: Higher Balance
$100,000 balance with a $99,000 equity, your equity cannot hit $94,000 that day.
- The Daily Loss Limit resets at 02:00 UTC+0.
Overweek Trading
The Trades must not be opened or held over the weekend. All trades must be closed before Friday at 22:00 UTC+0, as the restricted period runs from Friday 22:00 UTC to Sunday 22:00 UTC. Any position remaining open during this time will constitute a hard violation and will result in immediate account closure.
Inactivity Rule
A trading account will be considered breached if it remains inactive for 30 consecutive days. To maintain active status, at least one trade must be opened and closed within this period. If no completed trades occur during the 30-day timeframe, the account will be closed due to inactivity.
Additional Information:
Is News Trading allowed during the Challenge Phase?
Yes, it is only allowed during the challenge phase, not during the funded phase.
Is there a 45% Consistency Rule during the Challenge Phase?
No, there is no 45% Consistency Rule during the Challenge Phase.
Is there a 1% Risk per Trade Rule during the Challenge Phase?
No, there is no 1% Risk per Trade Rule during the Challenge Phase.
For more information on 1-Phase Funded Account, click here.
