These Terms & Conditions govern participation in the Company’s Prop Trading Program. By participating in the Program, the Client agrees to all terms set out below.
1. ENTRY INTO THE PROP TRADING PROGRAM1.1. To participate in the Prop Trading Program, the Client must first:
- Open a real trading account with the Company
- Fund this real trading account with sufficient balance
1.2. After funding the real trading account, the Client must submit a written request (via email or other approved communication channel) stating their intention to participate in the Prop Trading Program.
1.3. Upon receiving the request, the Company will deduct the applicable
challenge participation fee from the Client’s real trading account balance and provide the Client with login credentials for the
Phase 1 Challenge Account.2. CHALLENGE PARTICIPATION FEES2.1. Challenge participation fees are as follows:
- $50,000 Funding Challenge: $500
- $100,000 Funding Challenge: $1,000
2.2. Challenge participation fees:
- Are deducted internally from the Client’s real trading account balance
- Are non-refundable under all circumstances, including successful completion or failure of any challenge phase
2.3. The challenge participation fee is a
service fee for access to the evaluation process and does not constitute trading capital.
3. CHALLENGE ACCOUNTS AND PHASES3.1. The Prop Trading Program consists of
two evaluation phases followed by a funded account.
3.2. Each phase is conducted on a
separate trading account provided by the Company.
3.3. Access to each subsequent phase is granted
manually by the Company after verification of results.
Phase 1 Challenge- Upon fee deduction, the Client receives credentials for the Phase 1 Challenge Account.
- Trading must comply with all risk and trading rules set out in these Terms.
Phase 2 Challenge- Upon successful completion of Phase 1, the Client must notify the Company.
- The Company will issue new login credentials for the Phase 2 Challenge Account.
Funded Account- Upon successful completion of Phase 2, the Company will issue credentials for a Funded Account.
- The Funded Account remains subject to all ongoing rules and restrictions.
4. PROFIT TARGETS AND TRADING PERIOD4.1. Profit targets are calculated from the initial balance of each challenge account:
- Phase 1: 15% profit
- Phase 2: 10% profit
4.2. Minimum trading activity:
- At least 2 trading days per phase
- A trading day is counted when at least one trade is closed
There is no maximum time limit unless otherwise specified by the Company.
5. LOSS LIMITS AND RISK MANAGEMENT5.1. Daily Loss LimitMaximum allowable loss per trading day:
- Phase 1: 4%
- Phase 2: 3%
- Funded Account: 3%
Reaching or exceeding the daily loss limit results in
immediate account disqualification.5.2. Maximum DrawdownMaximum allowable total drawdown:
- Phase 1: 8% of the initial balance
- Phase 2: 6% of the initial balance
- Funded Account: 6% of the initial balance
Reaching or exceeding the maximum drawdown results in
immediate account disqualification.6. TRADING CONDITIONS6.1. Allowed instruments:
6.2. Maximum leverage:
7. PROHIBITED TRADING PRACTICESThe following practices are strictly prohibited across all challenge and funded accounts: