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 Simulated Funded Account where you can start generating profits.
This is an overview of the most important rules you must follow.
Trading Rules - Evaluation (& Validation) Stage
Maximum Daily Loss
The Maximum Daily Loss is the amount you are allowed to lose every day.
For the purpose of this rule, the higher value between equity and balance will be used. This rule is set as a % of the starting equity or balance of every day. The rule states that the equity of the day, which is the result of the currently floating PnL (Profit and Loss) in sum with all closed positions of that day must not hit the Maximum Daily Loss Limit.
Example:
You have a master account. At the start of day 5, your account balance is $105.000 and your equity is $107.000. The Daily Loss Limit is 5% from the starting equity for this example, this means that your equity on day 5 can't go lower than: Maximum Daily loss = $107.000 starting equity balance * 5% Daily Loss Limit = $5.350 Daily Loss Limit. $107.000 starting equity balance on day 5 - $5.350 Daily Loss Limit= $101.650 If your equity goes below $101.650 at any certain moment of time on day 5 your account will be closed.
Maximum Loss
The Maximum Loss Limit is the amount your equity or balance can't go below.
This rule is set to 10% of the initial account size. 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. 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
During the Evaluation & Validation Stage
There are no restrictions on holding trades during news events or over the weekend during the evaluation stage. You are free to manage your trades as you see fit.
During the Sim Funded Stage
You can hold trades during news events and over the weekend. However, there are specific rules regarding trades opened or closed near high-impact news events.
High-Impact News Events
You cannot open or close positions during a 10-minute window surrounding a high-impact news event (red folder ONLY) on affected currencies. This window spans 5 minutes before and 5 minutes after the event.
Profits from trades opened or closed within 5 minutes before or after a high-impact news event or speech will not be counted on the Sim Funded account.
Example: Related Currency
If a high-impact news affects USD, you can’t trade USD-related pairs within this 10-minute window.
Example: 10-Minute Window
If you open a trade 30 minutes before a news event, closing it within the 10-minute window will result in the profits being disqualified.
High-Impact Speeches
During news speeches (red folder ONLY), the restricted window extends from 5 minutes before the speech begins until 5 minutes after the speech concludes.
Exception
To help swing traders while preventing news gamblers, trades that are opened 5 hours prior to a high impact news event are excluded and allowed to close within the prohibited time window. The profits of these trades will be counted.
Trading Rule Clarification
Trades Opened More Than 5 Hours Before the News: Profits will count if closed within the 10-minute window before the event.
Trades Opened Less Than 5 Hours Before the News: Profits will not count if closed during the 10-minute window.
Closing any partial orders will affect the entire order, leading to a flag for news trading.
Traders are responsible for violations if deductions exceed the daily loss or maximum loss limit.
Payout Guidelines
Earn a generous 80% on your profits
The minimum reward amount is 1% of the initial balance, including our split
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.