For the initial challenge you have 30 calendar days - for the second verification stage you get 60 days. The minimum trading days you can pass in total is 30 days - 10 days for the initial challenge and 20 for verification. Within the evaluation stage, we need to see consistent trading each day in order to evaluate you properly before promotion onto the second stage/ live funds, you can trade smaller lots though if you've already hit the Target!
What happens if I fail?
If you've finished in overall profit and all rules have been met then you'll get unlimited retries. Let's review together what went wrong. Maybe just probability? Or the approach?
I've passed, what next?
Can I choose a daily loss limit or positive days rule?
You sure can, this is great for those with different strategies. Our EA - you'd drop the 5% daily drawdown for example.
What platform do I run the challenge on?
What is the maximum drawdown limit?
The leverage on the account?
What markets can I trade?
All Forex pairs, Crypto currencies, Stocks, Indices and Gold. Familiarise yourself with lot sizes on Indices too.
Are overnight & over the weekend positions allowed?
Are there any news restrictions?
No! We know this is pain to track and manage daily, so no there isn't.
Can I use EA's?
Yes you can. No martingale though. The lot size needs to not increase.
Is Hedging allowed?
Yes it is.
What is the withdrawal schedule?
Withdrawals can only be requested on the 25th of each month and profits, regardless of the amount will be paid within 7 calendar days via Bank Transfer. You'll need to raise an invoice to us for your profit share. Bi-Weekly withdrawals are on their way too.