1. What are the account sizes and prices for the challenge?
MatchTrader Platform:
$10,000 Account: $109
$25,000 Account: $249
$50,000 Account: $409
$100,000 Account: $649
$200,000 Account: $1,199
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: 6% of the account balance.
- Trading Period: Unlimited days.
- Minimum Trading Days: 3 days(with 0.5% profit on each day).
- Maximum Daily Loss: 3% of the account balance.
- Maximum Overall Loss: 8% 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: 3% of the account balance.
- Maximum Overall Loss: 8% 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 or Squad Trader stage after passing Step 1 and Step 2?
After completing Step 1 and Step 2, you move on to Step 3, which allows you to trade a simulated funded account under the following conditions:
- Profit Target: None (you start earning profits right away).
- Minimum Trading Days: 3 days(with 0.5% profit on each day).
- Maximum Daily Loss: 3% of the account balance.
- Maximum Overall Loss: 8% 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: Your 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 3% or the maximum overall loss of 8%, 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, there are unlimited days for both Step 1 and Step 2, giving you plenty of time to meet the profit targets without pressure.
7. How does leverage work?
Leverage helps you control larger positions with less capital. The leverage available is:
- Forex: 1:30
- Metals, Commodities, Indices: 1:10
- Digital Assets: 1:2
8. When will i get a refund for the fee?
Yes, your fee will be refunded after successfully passing the challenge and receiving your 3rd payout in Step 3.
9. How often do I get payouts in Step 3?
Once in Step 3, payouts are processed bi-weekly, with 85% - 90% of the profits going to you.
10. What is the maximum loss policy?
The maximum loss for all steps is capped at 8% of your account balance, while your daily loss must not exceed 3%.
11. Can I trade different asset classes?
Yes, you are free to trade a variety of asset classes, including:
- Forex (1:30 leverage)
- Metals, Commodities, Indices (1:10 leverage)
- Digital Assets (1:2 leverage)