Our 1 & 2-Step Model is designed for traders who want to prove their skills quickly. It only has an Evaluation Phase (and a Validation Phase in the case of the 2-Step model), which you need to pass to gain access to a Funded Account where you can start generating profits.
This is an overview of the most important rules you must follow.
Trading Rules
Maximum Daily Loss
The Daily Loss Limit is the amount you are allowed to lose in a single day.
This rule is set as a % of the starting equity or balance of the day (00:00 EST/server time). The higher value between equity and balance will be used. The equity of the day, which is the result of the currently floating P&L in sum with all closed positions of that day, must not hit the Maximum Daily Loss Limit.
Example:
At the start of the day (00:00 EST/server time), your account balance is $104,000 and your equity is $106,000. The higher value between equity and balance will be used, which is equity in this case. If the Daily Loss Limit is 3%, the Daily Loss Limit will be $3,180 for that day (3% * $106,000). If your equity goes below $102,820 ($106,000 - $3,180) at any given moment during the day, your account will be closed.
Maximum Loss
The Maximum Loss Limit is the amount your equity or balance can't go below.
For example, if you have a $100.000 account and the Maximum Loss Limit is 10%, your equity or balance can't go below $90.000 at any moment.
Leverage
Trade with up to 1:100 leverage with RAW Spreads on the 2-Step account.
Trade with up to 1:30 leverage with RAW Spreads on the 1-Step account.
There is a different leverage applied for different types of financial instruments. FX 1:100, Indices 1:20, Metals 1:30, Energies 1:10 & Crypto 1:2.
News trading, Swing trading and Trading Hours
There are no restrictions on holding trades during news events or over the weekend. This applies to both the Evaluation and Funded stage.
Payout Guidelines
You can request payouts daily, even from day one.
Earn a generous 90% split on all profits you make.
Any trader can have a maximum allocation of $600K at any given time.
Once you submit a payout request, it cannot be edited or canceled.
The minimum payout amount is 1% of the initial account balance.
Your account must satisfy both criteria below to qualify for EACH payout:
Minimum 10 positive trades done
Biggest trade rule: no single trade's profit should exceed 20% of the total profits. Notice that this rule applies to trades, which means that you can hit the requirement in 1 day and request a payout.
Payout window
You can request payouts daily. Daily account reconciliations occur between 5:00 p.m. and 7:00 p.m. EST.
Once your payout is approved, your funds are immediately withdrawn from your account. The payment will be issued within 24 hours after the withdrawal has been processed.