Company Information

Company Name: New Era Global Markets
Company Legal Name: NEGmarkets LLC
Company Registration No.: Undisclosed
Operating Since: 1 February 2024
CEO Name: Chris Tarta

Challenge Details

NEGmarkets offers four distinct account types: 1-Step Challenge, 2-Step Challenge, 3-Step Challenge, and an Instant Funding Program. Each account type has unique pricing, profit targets, and drawdown rules, designed to fit different trading styles.

1-Step Challenge Details

Pricing:

$5,000 Account – $60
$10,000 Account – $120
$25,000 Account – $240
$50,000 Account – $400
$100,000 Account – $700
$200,000 Account – $1140
$300,000 Account – $1620

Rules:

Profit Target: 10%
Total Loss: 8%
Daily Loss: 4%
Profit Share: 80%
Drawdown Type: Static Drawdown
Time Limit: Unlimited
Leverage: FX Majors – 1:100, FX Minors – 1:30, FX Exotics – 1:30, Metals – 1:20, Indices – 1:20
Max Lot Size: No limit
Payout Frequency: Every 14 days
Allows Copy Trading: Yes
Min Trading Days: 3 days

2-Step Challenge Details

Pricing:

$5,000 Account – $50
$10,000 Account – $100
$25,000 Account – $200
$50,000 Account – $300
$100,000 Account – $500
$200,000 Account – $950
$300,000 Account – $1350

Rules:

Profit Target (Phase 1): 8%
Profit Target (Phase 2): 5%
Total Loss: 10%
Daily Loss: 5%
Profit Share: 80%
Drawdown Type: Static Drawdown
Time Limit: Unlimited
Leverage: FX Majors – 1:100, FX Minors – 1:30, FX Exotics – 1:30, Metals – 1:20, Indices – 1:20
Max Lot Size: No limit
Payout Frequency: Every 14 days
Allows Copy Trading: Yes
Min Trading Days: 3 days

3-Step Challenge Details

Pricing:

$10,000 Account – $70
$25,000 Account – $150
$50,000 Account – $225
$100,000 Account – $375
$200,000 Account – $570
$300,000 Account – $900

Rules:

Profit Target (Phase 1): 6%
Profit Target (Phase 2): 6%
Profit Target (Phase 3): 6%
Total Loss: 10%
Daily Loss: 4%
Profit Share: 80%
Drawdown Type: Static Drawdown
Time Limit: Unlimited
Leverage: FX Majors – 1:100, FX Minors – 1:30, FX Exotics – 1:30, Metals – 1:20, Indices – 1:20
Max Lot Size: No limit
Payout Frequency: Every 14 days
Allows Copy Trading: Yes
Min Trading Days: 3 days

Instant Funding Program

Pricing:

$25,000 Account – Invite-Only
$50,000 Account – Invite-Only
$75,000 Account – Invite-Only

Rules:

Profit Target: None
Total Loss: 8%
Daily Loss: None
Profit Share: 80%
Drawdown Type: Static Drawdown
Time Limit: Unlimited
Leverage: FX Majors – 1:100, FX Minors – 1:30, FX Exotics – 1:30, Metals – 1:20, Indices – 1:20
Max Lot Size: No limit
Payout Frequency: Every 14 days
Allows Copy Trading: Yes
Min Trading Days: 14 days

Scaling Plan

NEGmarkets does not offer any scaling plan at this moment.

Spreads and News Trading Rules

Spreads:

NEGmarkets has not mentioned the spreads offered on their trading platform.

News Trading Rules:

NEGmarkets allow traders to trade during news but traders are not allowed to trade 3 minutes before and 3 minutes after major news releases. doing so can lead to violation.

Violations:

1st Offense (Minor Violation): 2-hour suspension
2nd Offense (Minor Violation): 4-hour suspension
3rd Offense (Major Violation): Account cancellation

Avoid high-risk trades during volatile news events due to potential slippage.

Other Important Rules

Daily Drawdown Calculation

NEGMarkets calculates daily drawdown based on balance or equity whichever is higher at any moment of the day. This is equity based drawdown which means the daily drawdown limit will keep changing based on the profit and loss of the account.

Countries Banned from Purchasing

NEGmarkets allow traders from all around the world to use their services.

Gambling Rules

NEGmarkets prohibits gambling practices. Traders are expected to avoid staking an entire margin on a single trade, as this is viewed as risky behavior. Sudden shifts in trading volume (e.g., jumping from one lot to 30 lots) may trigger a compliance review.

Prohibited Trading Strategies

To maintain a fair trading environment, NEGmarkets enforces several restrictions on specific trading methods:

Copy Trading from multiple accounts
Hedging
Hedging with multiple accounts
Account Management Services
Account Passing Services
High-Frequency Trading EA

Payout Methods

NEGMarkets provide payouts to traders via Rise.

Trading Commissions

NEGmarkets has not mentioned the Trading commissions charged on their platform.

IP Rule

IP-related rules are not specified by NEGmarkets but we advice traders to trade using the same device from which they have purchased the challenge accounts.

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