Traddoo offers traders an exciting opportunity to prove their skills and earn substantial rewards through its Two Phase Challenge. Whether you're a seasoned trader or just starting, this challenge provides a structured path to grow your trading account, with attractive pricing, drawdown rules, and scaling options. Let's dive into the details and rules that define the Traddoo Two Phase Challenge.
Challenge Overview
The Traddoo Two Phase Challenge is designed to test your trading abilities over two distinct phases. You can choose from various account sizes, ranging from $5,000 to $200,000, with corresponding fees. The pricing is as follows:
- $5,000 Account: $79
- $10,000 Account: $139
- $25,000 Account: $249
- $50,000 Account: $349
- $100,000 Account: $549
- $150,000 Account: $819
- $200,000 Account: $1,099
For those interested in swing trading, a separate 2-Step Swing Challenge is also available, with slightly higher pricing but similar rules.
Key Features
- Drawdown Rules: Traddoo applies an equity-based drawdown system, with a maximum daily drawdown of 5% and a total drawdown limit of 10%. This rule is consistent across both standard and swing challenges, ensuring that traders maintain disciplined risk management.
- Profit Targets: The challenge requires traders to hit a 10% profit target in the first phase and an 8% target in the second phase. Consistently achieving these targets not only helps you pass the challenge but also qualifies you for a 50% balance increase every three months, as part of Traddoo's scaling rules.
- Payout Period: One of the standout features of the Traddoo Two Phase Challenge is the daily payout period, allowing successful traders to withdraw their profits on a daily basis.
- Copy Trading and EA Usage: Traddoo allows copy trading and the use of Expert Advisors (EAs) in the challenge, offering flexibility in your trading approach. However, news trading is only permitted in the swing challenge.
Discounts and Coupons: Traddoo offers a 7% discount on the challenge fees when using the coupon code "TRUSTED." This discount applies exclusively when using the coupon.
Competition Rules
For those participating in competitions, Traddoo determines rankings based on the highest profit percentage. Competitions start and stop on the same day each month at 12:00 UTC, with participants needing to register before the competition begins. A minimum of one trading day is required to qualify, and winners will be contacted by Traddoo's live chat support team to arrange prize distribution.
Conclusion
The Traddoo Two Phase Challenge is a comprehensive trading challenge that not only tests your skills but also offers a pathway to grow your trading capital. With a clear set of rules, competitive pricing, and flexible trading options, it’s an excellent opportunity for traders looking to take their trading to the next level. Whether you're aiming to climb the competition ranks or simply want to scale your trading account, the Traddoo Two Phase Challenge provides a well-rounded platform to achieve your goals.