Scenario 1 - Profit without crossing Daily Drawdown

The user makes a profit of $2,000 on Day 1. The account balance becomes $102,000, and the Max Daily Drawdown for Day 2 is now 4% of $102,000, which is $4,080. The Max Drawdown remains at $10,000. The user has not violated any rules and continues trading.

Scenario 2 - Profit after crossing Daily Drawdown but not Max Drawdown

On Day 1, the user makes a loss of $6,000, crossing the Daily Drawdown limit. This constitutes a rule violation and typically, the account will be terminated, despite the fact that the Max Drawdown has not been breached.

Scenario 3 - Loss without crossing Daily Drawdown

The user makes a loss of $2,000 on Day 1. The account balance is now $98,000, and the Daily Drawdown for Day 2 is $3,920 (4% of $98,000). The Max Drawdown remains at $9,000. The user has not violated any rules and continues trading.

Finally, let us once again point out that:

Calculation takes into account closed and open positions

Daily Drawdown is reset every midnight (Summer server time: GMT+3, Winter server time GMT+2)

Profit Target is the amount of profit you must achieve in a specific Phase of the Challenge. The Profit Target is calculated as the profit you have earned on closed positions, i.e. the Profit Target does not include currently open positions. To successfully progress to Phase 2 and then to the Funded portion, you must close all of your positions. For example, if you have a profit of 12% in Phase 1, you have met the Profit Target, but in the next Phase you start from the beginning again.

Minimum trading days to pass the challenge is 3. You cannot skip or adjust this rule, you must trade for at least three days in each phase of the challenge to pass it. E.g.: if you hit the profit target in Phase 1 in 2 days, you cannot just skip to Phase 2, you have to trade for one more day and then, if you still check all the criteria, you passed Phase 1 and you may move to the next one.

For Traders One-Step and Two-Step and Two-Step PRO Challenge:

This rule is in place to ensure active engagement and efficient use of resources. We encourage regular account activity to keep your account operational.Do not forget to open or close at least one trade every 30 days to keep the account open. If your account remains inactive for 30 days, it will be terminated.

For both Phases of the Challenge you have a leverage of 1/125 for Forex, 1/20 for Indices, 1/20 for Stocks, 1/40 for Commodities

Since you can keep the trade open at your discretion over the weekend and you can trade important news as well, the leverage for the Funded part is reduced to Forex 1/40, Indices 1/10, Stocks 1/20, Commodities 1/10

We offer the spread as Raw, i.e. the spread is not increased by any fee and it is a pure market spread.

Swap charges are a critical aspect that traders need to grasp to manage their positions effectively. Essentially, swap charges refer to the overnight fees or credits incurred for holding positions overnight. These charges are influenced by various factors such as interest rates, currency exchange rates, Broker Mark-up and the duration of holding the position.Two common types of swap calculations: point-based and interest-based.

Point-Based Swap Calculation:

Daily Swap = Lot Size * Contract Size * Swap Rate

Calculate the Notional Value: Multiply the lot size by the contract size to determine the total value of the position.

Multiply by the End of Day Price: This step adjusts the notional value based on the closing price of the financial instrument at the end of the trading day.

Multiply by the Swap Rate: Apply the swap rate, which represents the holding cost differential between the currencies being traded. This reflects the cost or benefit of holding the position overnight.

Interest-Based Swap Calculation:

Daily Swap = Lot Size * Contract Size * Swap Rate /100 / 360

Calculate the Notional Value: Multiply the lot size by the contract size to determine the total value of the position.

Multiply by the End of Day Price: This step adjusts the notional value based on the closing price of the financial instrument at the end of the trading day.

Multiply by the Swap Rate: Apply the swap rate, which represents the holding cost differential between the currencies being traded. This reflects the cost or benefit of holding the position overnight.

Divide by 100: Convert the swap rate from a percentage to a decimal.

Divide by 360: Adjust the swap charge calculation to account for the 360-day year convention commonly used in financial calculations.

We only provide accounts that include swap.

​Weekend Holding? Go ahead, you're clear to hold trades over the weekend, seizing opportunities even when markets are officially closed.

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Yes, you are welcome to use Expert Advisors (EAs) that assist you in your trading activities. However, it's important to note that we only permit EAs designed to support your personal trading decisions. The use of EAs that automatically complete the Trading Challenge on your behalf is strictly aprohibited. The essence of the Trading Challenge is to evaluate your individual trading acumen, hence, the use of scripts or software that trade autonomously, without your direct input, is not allowed. Please ensure that any EA you employ is aligned with enhancing your personal trading strategy and decision-making process.

Any user can copy their trades from their For Traders account, where this account will serve as a Master account. However, copying from other individual's accounts to a For Traders account is not allowed.

You can hold over the news but you can't open or close any trades within 5 minutes before and 5 minutes after a high-impact news release.
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​Any profits from trades opened or closed within 5 minutes before and 5 minutes after a high-impact news release will not count towards trading performance on all For Traders Accounts (funded stage).
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👉 This means if your Stop Loss or Take Profit orders are executed within the 10-minute period (5 Minutes before and 5 minutes after) immediately before or after the event, any profits earned during this time will be subject to removal, without any account violation.
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​This adjustment aims to discourage speculative trading based on news events and aligns with our commitment to sustainable trading practices. As we continue to strive for a trading environment focused on long-term success, we believe this rule is necessary to support thoughtful decision-making among all our traders.
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​Pro tip: Check out our Discord channel #fundamental-ideas every morning to stay updated on when these high-impact news events are scheduled. Additionally, you can also find a detailed calendar on the Forex Factory website - watch out for the red folder ones 🙏
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Hedge Arbitrage

Involves making two offsetting trades to minimize risk, like placing opposing bets to ensure some level of profit.

Reverse Arbitrage

Entails simultaneously selling at a higher price in one market and buying at a lower price in another.

Latency Arbitrage

Capitalizes on the delay in market data updates by executing trades based on faster access to information.

Grid trading sets up a network of buy and sell orders at specific price intervals to profit from market volatility, executing trades as prices fluctuate. While effective in both rising and falling markets, it's sometimes banned for potentially manipulating market prices or exploiting structural inefficiencies.

Strategy aimed at snatching minor profits from the smallest price changes, called "ticks," in rapid succession. It's all about speed, with trades lasting seconds to minutes, often automated to catch these quick shifts. Ideal for those keen on exploiting instant market reactions, it demands fast decision-making and constant market watch.

The use of bots and emulators is prohibited.

We want to evaluate your personal trading abilities, so it is necessary to place all trades manually.

High Frequency Trading (HFT) uses advanced algorithms and ultra-fast computing to execute a large number of trades in seconds, exploiting small price differences. It relies on speed and technology to gain an edge in the market, contributing to liquidity but also raising concerns about volatility and fairness.

This rule means using more than 40% of the available margin for 1 single trade or multiple trades on the same instrument in the same direction.

Key Terms Explanation:

One-side betting: This refers to a high-risk trading strategy where a large portion of your available margin is used in a single trade or multiple trades on the same instrument in the same direction.

Available Margin: This is the amount of funds you have in your account that can be used to open new positions. It's determined by your account balance, the leverage provided, and the margin requirements of your open positions.

Leverage: Leverage allows you to control a large position with a relatively small amount of capital. A 1:125 leverage means you can control a position worth 125 times your invested capital, and a 1:40 leverage means you can control a position worth 40 times your invested capital.

Single Trade or Multiple Trades on Same Instrument in the Same Direction: This means either one large trade or several smaller trades that are all betting the market will move in the same way (either all buying or all selling) on the same financial instrument.

Application of the Rule:

1) $100,000 Accounts with 1:125 Leverage:

2) $100,000 Accounts with 1:40 Leverage:

This rule does not apply to Crypto instruments.

You are buying an account in your own name, so you must trade under your own name and ideally from the same IP address. If you share your password and account access with someone else, we may consider this to be a breach of the rules and therefore grounds for account closure.

​Hedging is allowed, however it is not allowed for a user to hedge between two accounts and multiple accounts for challenges. That is, a position in one account can't be hedged by a position in another account.
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