You can trade and thrive your way up to our Funded Trader challenge leaderboard by following the below requirements.


If you do not meet the necessary requirements for each stage, you will be disqualified and will need to purchase a new account. There are no restrictions on the number of challenges one can sign up to concurrently.


Phase 1

10% Profit in 30 days
Minimum 6 days of trading
Daily Loss/Drawdown (Equity) of 5%
Max Overall Loss of 10% 

 

Phase 2


5% Profit in 60 days
Minimum 6 days of trading
Max Daily Loss/Drawdown (Equity) of 5%
Max Overall Loss of 10%



Notice that the Daily Drawdown is calculated as the variation of Equity during a day, measured in percentage.

For example:

If the price was initially $100 and then increased to a current value of $150, the profit would be 50%.

This also applies when negative. If the price had decreased to $50, it would reflect a drawdown of -50%.

 

Once Phase Two's requirements have been met, our Trade Specialists will evaluate your trading history to review your trading portfolio and consistency.



Our team takes the following factors into consideration when evaluating your trading history:


  • Consistency of position size.

  • Consistent and appropriate scaling of trades.

  • The positions sizes held before and during major news events and/or market closings.

  • Amount of profit earned within a day. Profit earned in a single trading day should not exceed 30% of the overall profit earned.

  • Lot sizes traded on capital. Multiple factors will be taken into consideration such as the asset traded, time, and date along with other market conditions.

  • Usage of protections including Stop Losses and Take Profits.


Post evaluation our team will determine if the trading strategy used suits our risk appetite.


Our assessment will determine whether we shall grant or deny a funded trading account for the final stage.