1. What are the account sizes and prices for the challenge?
MatchTrader Platform:
$10,000 Account: $109
$25,000 Account: $239
$50,000 Account: $359
$100,000 Account: $599
$200,000 Account: $1,099
TradeLocker Platform:
An additional charge of $10 will be added to the above prices.
Refundable Fee:
These fees are refundable upon successfully passing the challenge and receiving your third payout.
2. What are the rules for Step 1?
- Profit Target: 9% of the account balance.
- Trading Period: Unlimited days.
- Minimum Trading Days: 3 days(with 0.5% profit on each day).
- Maximum Daily Loss: 4% of the account balance.
- Maximum Overall Loss: 10% of the account balance.
- Leverage: 1:30 for forex, 1:10 for metals, commodities, and indices, and 1:2 for digital assets.
3. What are the rules for Step 2?
- Profit Target: 6% of the account balance.
- Trading Period: Unlimited days.
- Minimum Trading Days: 3 days(with 0.5% profit on each day).
- Maximum Daily Loss: 4% of the account balance.
- Maximum Overall Loss: 10% of the account balance.
- Leverage: 1:30 for forex, 1:10 for metals, commodities, and indices, and 1:2 for digital assets.
4. What happens in Step 3 after passing Step 1 and Step 2?
After completing Step 1 and Step 2, you can begin trading on a live funded account in Step 3 with the following conditions:
- Profit Target: 100$.
- Trading Period: Unlimited days.
- Minimum Trading Days: 5 days(with 0.5% profit on each day).
- Maximum Daily Loss: 4% of the account balance.
- Maximum Overall Loss: 10% of the account balance.
- Leverage: 1:30 for forex, 1:10 for metals, commodities, and indices, and 1:2 for digital assets.
- Profit Split: 85% - 90% (You keep 85% - 90% of the profits you generate).
- Payout Cycle: Bi-weekly.
- Refundable Fee: The challenge fee will be refunded after you successfully pass the challenge and receive your 3rd payout
5. What happens if I exceed the loss limits?
If you breach either the maximum daily loss of 4% or the maximum overall loss of 10%, you will fail the challenge. You can re-enter the challenge by paying the fee again.
6. Is there a time limit for completing the challenge?
No, both Step 1 and Step 2 have unlimited trading days, allowing you to progress at your own pace.
7. How does leverage work?
Leverage allows you to control larger positions with a smaller amount of capital. The available leverage is:
- Forex: 1:30
- Metals, Commodities, Indices: 1:10
- Digital Assets: 1:2
8. Can I get a refund for the fee?
Yes, the challenge fee will be refunded after you pass the challenge and receive your 3rd payout from the live funded account in Step 3.
9. How often do I get payouts in Step 3?
Once you reach Step 3, payouts are processed bi-weekly. You will receive 85% - 90% of the profits you generate.
10. What is the maximum loss policy?
The maximum overall loss is capped at 10% of your account balance (absolute drawdown). Additionally, the daily loss limit is 4%.
11. Can I trade different asset classes?
Yes, you can trade various asset classes, including:
- Forex (1:30 leverage)
- Metals, Commodities, Indices(1:10 leverage)
- Digital Assets (1:2 leverage)