1 Stage
You need to make at least 10% profit from your starting money within 30 days. For example, if you start with $100,000, you should make $10,000 in profit within 30 days.
You can't lose more than 10% of your starting money. Your account should never go below 90% of your starting balance within the 30-day period. If you start with $100,000, the lowest your account can go is $90,000. This counts both closed and open positions. The 30-day limit includes all costs like fees and swaps. Losing only up to 10% of your initial money gives you room to prove that your trading strategy is good for investment. This is a safety net to keep you trading even if you start off with some losses. We believe that under no circumstances should a trader's account go below 90% of its starting value.
The rule for maximum daily loss is set at -5% of the initial capital given to you. This means throughout the day, the total of your closed positions along with your current open floating profits or losses (P/L) should not reach the daily loss limit. Formula: Current daily loss = Today's closed positions + Result of open positions. Example: If you start with $100,000, the most you can lose in a day is $5,000. If you've already lost $4,000 in closed trades, your account should not go down by more than another $1,000 that day. This includes both closed and open floating losses. Commissions and swaps are part of this limit. Also, if you made $4,000 in one day, you could afford to lose up to $9,000, but no more. Again, this counts your open trades. For example, if you closed trades with a $4,000 loss and then opened a new trade with a floating loss of -$1,200 but ended up positive, at some point you had a loss of -$200. So, your daily loss would be -$5,200, which is over the allowed $5,000 loss. Be careful, the daily loss resets at midnight (24:00 CEST)! Suppose you made a profit of $6,000 one day and have an open position with a floating loss of -$8,000. Your daily loss would be -$2,000 ($6,000 closed profit; -$8,000 open position), and you wouldn't have broken the rule. But if you hold that -$8,000 open position past midnight, you'll have breached the limit for the new day because the $6,000 profit from the previous day doesn't carry over. The maximum daily loss rule gives traders enough room to trade while making sure the company has a clearly defined daily risk. Both the trader and the company benefit from this rule because it ensures the account value won't fall below the set limit.
On all demo accounts, a leverage of 1:100 is available. Leverage is a service that a broker provides for every trader, allowing them to borrow funds or securities to trade on the exchange.
The trading rule for "Positive Trading Days" is set at 50%. This means you need to achieve at least 50% positive days compared to the number of negative days. A positive day is defined as a day when the account balance at 23:59:59 UTC is higher than it was at 00:00:01 UTC that same day (according to UTC time).
Trading Period
14 trading days
The testing stage lasts for 30 calendar days. During this period, there is a trading rule for "Minimum Trading Days," which is set at 14 trading days. To meet this criterion, you must trade for at least 14 days during the testing stage. At least one position should be open on each of these days. A trading day is defined as a day when at least one trade is made. If a trade spans multiple days, the trading day is counted as the day the trade was initiated. You do not have to use the entire 30-day testing period. As soon as all the trading tasks for the testing stage have been successfully completed, the testing stage is considered passed. The minimum time to complete the testing stage is 14 trading days. These rules establish a framework within which traders can measure their consistency and risk management skills. It provides a balance between trading freedom and risk control for both the trader and the broker.
2 Stage
The "Profit" trading rule is set at 10% of the initial capital deposit. This rule means that the trader must make a profit of at least 10% from the initial account balance on the provided real account within a period of up to one calendar month. For example: If you are trading on an account with an initial capital of $100,000, then your profit must be $10,000 over a period of one calendar month.
The "Maximum Loss" trading rule is set at -10% of the initial capital deposit. The balance of the test account must not at any point during one calendar month fall below 90% of the initial account balance. For an account with a deposit of $100,000, this means that the least possible amount of funds in the account can be $90,000. This includes both closed and open positions. The logic for calculation is the same as for the "maximum daily loss" rule, except that it is not limited to one day but spans the entire duration of the test period. The limit includes commissions and swaps. A -10% of initial capital gives the trader sufficient room to prove that their trading strategy is suitable for investment. It acts as a capital buffer to keep the trader in the game, even if there are initial losses. The rule is designed to ensure that the trader's account cannot reduce below 90% of its value under any circumstances. These rules offer a clear set of guidelines for traders to adhere to, ensuring that both the individual trader and the brokerage firm are protected from undue risk. Moreover, they set benchmarks that traders can aim to surpass, offering an objective measure of their trading skill and risk management capabilities.
Current Daily Loss = Results of closed positions of that day + Results of open positions. For example, with an initial capital of $100,000, the maximum daily loss is $5,000. If you've lost $4,000 in your closed trades, your account should not decrease by more than $1,000 for that day. This also includes not having your open floating losses exceed -$1,000. The limit includes commissions and swaps. Conversely, if you make $4,000 in one day, you can afford to lose $9,000 but not more than that. Remember, your maximum daily loss also accounts for your open trades. For example, if you closed trades with a loss of $4,000 in one day and then opened a new trade with a floating loss of -$1,200 but ended up being positive, you've lost -$200 at some point. Consequently, your daily loss totals -$5,200, which is more than the allowable loss of $5,000. Be cautious: the maximum daily loss resets at midnight (24:00 CEST)! Let's say you made a profit of $6,000 one day. On the same day, you have an open position with a floating loss of -$8,000. The maximum daily loss for that day is not violated. The current daily loss is -$2,000 ($6,000 closed profit; -$8,000 open position). However, if you hold that position with an open loss of -$8,000 past midnight, the daily loss limit will be violated. This is because your profit from the previous day does not carry over into the new day, and the open loss of -$8,000 exceeds the maximum allowable daily loss of $5,000. This maximum daily loss rule provides enough room for the trader to trade while ensuring a clearly defined daily risk for the company. Both the trader and the company benefit from this rule, as the account value will not fall below the set limit.
On all real accounts, a leverage of 1:100 is available. Leverage is a service that a broker provides for every trader, allowing them to borrow funds or securities to trade on the exchange.
The "Positive Trading Days" rule is set at 50%. This means that you must achieve at least 50% positive days over one calendar month compared to the number of negative days. A positive day is defined as a day when the account balance at 23:59:59 UTC is higher than on the same day at 0:00:01 UTC.
The "Minimum Trading Days" rule is set at 14 trading days. To meet this requirement, you must trade on at least 14 days within one calendar month. At least one position must be opened on each of these days. A trading day is defined as a day when at least one trade is made. If a trade spans multiple days, the trading day is considered the day when the trade was initiated. Implications: This rule ensures that traders are active and engaged, providing a more consistent performance sample. However, it may discourage more conservative traders who prefer not to trade every day.