Challenge
To pass the 1-Step Challenge, you must follow a few key trading rules
Maintain 4% daily loss limit
Maintain 6% trailing maximum loss limit
Complete trades on at least 3 separate days
Reach 10% profit target
In the 1-Step Challenge, you have unlimited trading days to hit your profit target - trade at your own pace, with no rush or expiration pressure. To keep accounts active and prevent indefinite holds, you must open and close at least 1 trade every 30 calendar days.
Daily Simulated Drawdown (Balance based)
Limit: 4% of your account's balance at the start of the trading day (5pm EST)
Calculation: If your equity touches or goes below the daily loss level, your account will be breached for a daily loss violation
Example $100,000 account
Example $100,000 account
For a $100,000 account with a 4% daily loss limit:
Daily Threshold: $4,000 (4% of starting daily balance).
Scenario: Trading day (5PM EST) starts at $100,000. Your equity drops to $95,800 mid-session (due to open positions with unrealized losses).
Equity touches or goes below $96,000 ($100,000 - $4,000) - account breaches for daily loss violation.
Maximum Simulated Drawdown
Limit: 6% trailing from your highest simulated balance achieved
Calculation: Tracks realized profit from your peak balance. It trails upward as your balance grows, but never decrease. Once your demo account balance reaches 6% profit of the starting simulated balance, the trailing drawdown locks at the starting balance.
Example $100,000 account
Example $100,000 account
For a $100,000 account with a 6% max trailing drawdown:
Max. Threshold: 6% loss from your highest balance
Scenario: You start with $100,000 and make $3,000 profit (new balance: $103,000). The drawdown threshold now trails from $103,000 - subtract 6% ($6,180), so it's $96,820. If your equity hits or drops below $96,820, you breach.
Let's say you keep trading and make $7,000 total profit (new balance: $107,000). Now the drawdown locks at the original $100,000 - no more trailing. No matter how much you make from now on, the max. drawdown level stays at $100,000. If equity touches or goes below $100,000, you breach.
Payouts
Once you pass the 1-Step Challenge and activate your Live Simulated Account, payouts reward your performance.
First Payout: Request your initial payout after 14 calendar days from your first trade on the live simulated account
Subsequent Payouts: Withdraw every 14 days thereafter
Profit Split: 80/20
Drawdown Impact: Trailing or locked max. drawdown does not restrict withdrawal amounts. You can request up to 100% of profits, even post-lock.
NOTICE: Withdrawing all profits when your max. drawdown level is already locked, drops your balance to the starting balance, triggering a max drawdown breach.
You'll still receive the full payout, but the account breaches and closes afterward.
💎 VIP Program
With VIP Program you can get daily payouts, higher profit splits, and higher drawdown limits. Read more about our VIP program here.
Disclaimer:
All content published and distributed by MyFunded Capital LTD; Seacrest Markets; and its affiliates (collectively, the “Company”) is to be treated as general information only. None of the information provided by the Company or contained herein is intended as investment advice, an offer to buy or a solicitation of an offer to buy or sell, or a recommendation, endorsement, or sponsorship of any future contract, security, company, or leveraged instruments. Leveraged products such as CFD’s and FX trading are complex instruments with a high risk of losing money. The information on the website is not directed at any jurisdiction and is not intended for any use that would be contrary to local law or regulation. Copyright (c) 2023-2024. All right Reserved. MyFunded Capital LTD.