Stage One: Demo
- Minimum 10 days of trading
- 10% profit in 30 days
- Daily Drawdown/Loss (Equity) of 5%
- Maximum overall loss of 12%
Stage Two: Verification
- Minimum 10 days of trading
- 10% profit in 30 days
- Daily Drawdown/Loss (Equity) of 5%
- Maximum overall loss of 12%
Daily Drawdown/Loss is calculated as the difference between the current Equity and the Equity by the end of the previous day measured in percentage.
This is automatically reset at midnight, MetaTrader Server time.
For instance:
The Equity was $200 and then increased to a value of $300, therefore profit will be 50%.
The same applies when negative. If the Equity had dropped to $100, it would reflect a drawdown/loss of -50%.
Once the first two phases of the challenge have been successfully completed, our Trade Team will perform an evaluation of your trading activity.
The following points will be taken into consideration by our Trade Team:
- Trade sizes are reasonable compared to your capital (several factors will be taken into consideration such as trading time, week, the asset traded, and the other market conditions).
- The position sizes you had before and during market closures and/or news events.
- The consistency of position sizes traded.
- The use of stops and limits as protection.
- The profit earned during one trading day should not exceed 30% of your overall profit.
MetaTrader Server Time
- Due to daylight saving time adjustments, the MetaTrader server time has the potential to vary between GMT+2 and GMT+3.
- To keep track of the current MetaTrader server time, you can check the top left corner of your MetaTrader account.
Once the evaluation is complete, our team will decide if your trading strategy matches our risk expectations and determine if the Funded Account will be granted.
