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.
