A two-phase challenge with no behavioural restrictions. The target is 8% in Phase 1 and 5% in Phase 2, followed by a funded account. Maximum overall drawdown is 10% of the initial balance, daily drawdown is 3%. Profit split is 80/20.
Which rules do not apply to this product?
The consistency rule, the profit concentration rule, the 2% risk limit per trading idea and Texaris Risk Guard do not apply. You decide what volume and how many trades to use to reach the target.
Does “NO RULES” mean there are no rules at all?
No. Only the risk management rules listed above are removed. The following prohibitions remain in force: copying trades between accounts of different people, hedging across accounts, coordinated opposite trading, use of the same device or IP address by several traders, and exploitation of quote delays, platform errors and latency arbitrage. All other prohibited trading practices listed in the Terms also apply. Breaching any of them results in account closure without a refund of the fee.
How are trading days counted?
Each phase, including the funded account before the first payout, requires 7 trading days. A day counts if the profit for that day is at least 0.1% of the initial account balance. Days with lower profit, zero or negative results are not counted. On a $100,000 account, that is $100 of profit per day.
What are the payout conditions?
The minimum payout is $100, and the maximum single payout is 6% of the initial account balance. Identity verification (KYC) is required before the first payout.