Astra Capital Funding offers a unique challenge to traders looking to prove their skills. The challenge is split into two phases, each with its own profit targets, drawdown limits, and rules. The goal is to pass both phases to become a funded trader.

Profit Targets :-

In Phase 1, your goal is to reach a profit target of 8% of your initial account balance. Once you pass this, you'll move on to Phase 2, where the profit target is 5%. These targets are set to test your trading abilities and ensure you're consistently profitable.

Daily Drawdown Limits :-

One of the key rules in the challenge is the daily drawdown limit. This limit is set at 5%, which means you can't lose more than 5% of your account balance in a single day. Daily Drawdown is calculated a bit differently in Astra Capital Funding Challenge,It is based on your account balance or equity (whichever is higher at midnight) and when the balance drops by 5%, you've hit the daily drawdown limit.

Max Drawdown :-

The max drawdown for the challenge is set at 10%. This is the most you can lose overall during the challenge. The drawdown is based on your initial account balance, so it stays the same even if your account balance grows. It's important to keep this in mind as you trade, as exceeding this limit will disqualify you from the challenge. 

Trading Period :-

One of the best parts of the Astra Capital Funding 2-Phase Challenge is that there's no time limit. You can take as long as you need to complete the challenge. This gives you the flexibility to trade at your own pace without feeling rushed.

Free Retake Option :-

If you happen to breach any rules related to the max drawdown, don't worry. Astra Capital Funding offers a free retake of the challenge. However, keep in mind that while the daily drawdown and profit split will be halved, the profit target will remain the same. This gives you a second chance, but with a bit more pressure to manage your risk carefully.

Use of Expert Advisors (EAs) :-

If you like to use trading bots or Expert Advisors (EAs), you'll be happy to know that Astra Capital Funding allows them. However, there are some restrictions. Your EA can only be used for trading or risk management. It can't be designed to exploit system inefficiencies like latency, arbitrage, or high-frequency trading. If you're unsure if your EA is allowed, it's best to check with Astra Capital's support team.

News Trading :-

News events can create big swings in the market, which can be both an opportunity and a risk. Astra Capital Funding lets you keep your trades open during news events, but there are some rules. You can't open or close trades within 4 minutes before or after a high-impact news event. This rule is in place to protect against the unpredictable market moves that often happen around major news releases and it not prohibit traders to gamble.

Copy Trading :-

Copy trading is allowed in the 2-Phase Challenge, but with some restrictions. You can copy trades from your own accounts, but you can't copy trades from other traders or use third-party account passing services. Copy trading can be a great way to leverage your strategies across multiple accounts, but it's important to remember that you're responsible for all trades made on your account.

Holding Trades Overnight and Over the Weekend :-

Astra Capital Funding doesn't restrict holding trades overnight or over the weekend. This gives you more freedom in managing your positions. However, keep in mind that holding trades during these times can be risky due to potential market gaps. It's a good idea to use protective stop-loss orders and stay informed about any market-moving events that could occur.

Profit Share :-

The profit split at Astra Capital Funding is 80/20. This means you keep 80% of the profits you make, and Astra Capital takes 20%. To make the most of this, focus on consistent trading and avoid unnecessary risks. The more profit you make, the more you keep.

Account Sizes :-

Astra Capital Funding offers several account sizes to choose from: $15,000, $25,000, $50,000, $100,000, and $200,000. Each account size offers different opportunities and challenges. When choosing an account size, consider your trading style, risk tolerance, and financial goals.

Conclusion

The Astra Capital Funding 2-Phase Challenge is a great way to prove your trading skills and earn a funded account. By understanding the rules and managing your risk, you can successfully complete the challenge. Remember, consistency is key, and the challenge is designed to reward traders who can balance profitability with smart risk management.