Everything you need to know about our trading objectives and limits.
The profit target is the minimum milestone you must reach to pass an evaluation phase. The Phase 1 profit target is 8%, and Phase 2 is 5%.
Once you are funded, there is no maximum profit target. You keep up to 80% of whatever you make!
The daily loss limit is calculated based on your end-of-day equity. The maximum daily loss is set at 5% for all challenges.
This means your account equity cannot drop more than 5% from the initial starting balance of that specific trading day at 00:00 CE(S)T.
The overall loss limit protects the firm's capital. Your account balance or equity can never drop below 10% of your initial account size.
For example, on a $100,000 account, if your equity drops to $90,000, it is considered a hard breach and the account will be closed.
Trading during high-impact news events is completely allowed during the evaluation phases. However, on funded accounts, executing trades within 2 minutes before or after a Tier 1 news event may result in those specific profits being voided.