Program Rules for IC Funded Evaluations

Phase 1 = 10% Phase 2 = 5%

3 Profitable / Unlimited

50:1 on FX/Gold, 10:1 indices and other commodities.

75/25 after a month 80/20

• Once the user achieves the respective profit target, satisfies the minimum trading days requirement, and avoids violating any other conditions stated here or in the Terms and Conditions, they pass the Challenge Phase.
• Upon passing Phase one, the trading account used for that Phase is locked. The user Is issued a new trading account for Phase two.

• A Profitable Day is defined as a day where your closed positions generated a positive profit of at least0.5% of the initial balance.

• his is the maximum number of days a user has from the date of their first trade to complete each Phase of the Challenge.
• Given there are two Phases, this means there is no time limit for a user to pass both Phases.

• The daily loss limit is the maximum amount the account can lose in a day, based on the previous day`s end-of-day balance, resetting at 00:00 GMT+2 or +3 depending on save lights. We use the end-of-day balance This limit adjusts with any changes in the account balance. Violating it results in loss of Challenge account access.
• Exceeding this limit constitutes a hard breach, resulting in the loss of access to the Challenge account.

• This limit defines the maximum loss a user can sustain in the lifetime value of their Challenge account within each Phase.
• This rule requires that the equity in your account should not decrease by more than 10% from your initial account balance during the entire trading period. For instance, if your starting account balance is $100,000, your equity must always remain above $90,000.
• Exceeding this limit constitutes a hard breach, resulting in the loss of access to the Challenge account.
• For the $100K, $250K, and $500K evaluations, the maximum drawdown is applied on a trailing basis.

• This represents the maximum number of consecutive days a user can remain inactive (without placing an opening or closing trade) while still retaining access to the Challenge account.
• The period begins from the date of the challenge purchase and restarts on any date of trading activity.
• Inactivity exceeding 30 calendar days constitutes a hard breach: users who do not place any trades for 30 consecutive days lose access to the Challenge account, and the account is subsequently closed.

• The consistency rule mandates traders maintain consistent behaviour from evaluation to funded phases, ensuring accurate reflection of capabilities, mitigating risks, and trading skills.

• Users are not obliged to implement Stop Loss orders for all their positions.

• Users are not obligated to close all open positions at the end of each weekend.

• News trading is allowed, but traders must exercise caution due to increased spreads and volatility during news releases, which can affect trade executions and make them more susceptible to slippage. Restrictions apply on Funded Phase.

• EAs (Expert Advisors) are permitted for trading, provided they do not incorporate copy trading functionalities. Traders must ensure that the EAs they utilize do not engage in copy trading practices, and they must own the source code of these EAs to uphold compliance with this requirement.

• Users who successfully pass Phase 2 of the challenge are eligible for a refund of the fee they paid for the most recent challenge they completed (and only this fee). The refund will be paid with (and not before) the payout of the first profit share after 30 days according to the payout rules specified. Users who do not generate a profit share payout will not receive a refund.

• We do not permit this strategy in our Evaluations because it prevents replicating the trades in the Funded accounts.

• Grid strategies involve placing buy and sell orders at regular intervals around a set price, creating a `grid` of orders. This approach can lead to increased exposure in volatile markets and often resembles gambling rather than skilled trading. Therefore, such strategies are not permitted as they can lead to excessive risk-taking and potential losses for both the trader and the platform.

• Due to its manipulative nature, layering is strictly prohibited in our trading rules

• Although common in financial markets, it often leads to unfair advantages and does not align with genuine trading skills. As such, arbitrage is not allowed as it bypasses the purpose of evaluating trading skills and consistency in market analysis

• YOLO (You Only Live Once) strategies are high-risk trading tactics characterized by placing extremely large, often all-in, trades on speculative assets or volatile positions with the hope of massive returns. This approach is more akin to gambling than strategic trading, as it disregards proper risk management and relies heavily on luck. YOLO strategies are prohibited, as they do not reflect disciplined, skillful trading.

• Tick scalping involves placing numerous trades in very short time frames, often capturing minimal price movements (a few `ticks`) to accumulate small profits. While it can be a profitable strategy in high-frequency trading environments, tick scalping can lead to excessive order volume. Moreover, it doesn’t align with the firm’s goals of evaluating strategic, sustainable trading skills over longer periods.