About Seven Go Funding

Company Information

Company Name: Seven Go Funding
Company Legal Name: Prop Account LLC

Challenge Details

1-Step Program

Pricing:

• Size: $5,000 ($70)
• Size: $10,000 ($120)
• Size: $25,000 ($250)
• Size: $50,000 ($450)
• Size: $100,000 ($800)
• Size: $200,000 ($1,500)
• Size: $250,000 ($1,800)
• Size: $500,000 ($3,500)

Rules:

• Profit Target: 10%
• Max Drawdown: 6%
• Daily Drawdown: 5%
• Drawdown Type: Equity-Based
• Payout Period: 30 Days
• Leverage: Up to 20:1 on Forex and Metals, 10:1 on Indices, 5:1 on Oil, and 2:1 on Cryptocurrencies.
• Copy Trading: Not allowed
• Expert Advisors (EA): Not allowed

2-Step Program

For those who prefer a slightly more gradual challenge, the 2-Step Program offers a different path to success. The profit target for Phase 1 is 10%, while Phase 2 is 5%, both within a reasonable timeframe.

Pricing:

• Size: $5,000 ($70)
• Size: $10,000 ($120)
• Size: $25,000 ($250)
• Size: $50,000 ($350)
• Size: $100,000 ($550)
• Size: $200,000 ($1,000)
• Size: $250,000 ($1,200)
• Size: $500,000 ($2,300)

Rules:

• Profit Target (Phase 1): 10%
• Profit Target (Phase 2): 5%
• Max Drawdown: 8%
• Daily Drawdown: 4%
• Drawdown Type: Equity-Based
• Payout Period: 30 Days
• Leverage: Same as 1-Step Program
• Copy Trading: Not allowed
• EA Allowed: Not allowed

Scaling Plan

Currently, Seven Go Funding does not offer a scaling plan.

Spreads and News Trading Rules

Spreads:

Seven Go Funding partners with GooeyTrade to offer competitive spreads, helping traders reduce their trading costs.

News Trading Rules:

Trade during news events is strictly prohibited. If a trader places trades within 3 minutes before or after a high impact news event, Seven Go Funding reserves the right to remove those trades or even breach the account. They take this rule seriously to ensure fair trading conditions for all participants.

Other Important Rules

Daily Drawdown Calculation:

The Daily Loss Limit is calculated based on Equity based drawdown. which means the drawdown limit will keep changing as the equity grows and shrinks and if there is no open trades then the daily drawdown will be recalculated based on the balance of the  previous day’s balance and resets at 5 PM EST.

Countries Banned from Purchasing:

Seven Go Funding accepts traders from all countries, except those on the OFAC list or as otherwise restricted at the company’s discretion.

Prohibited Trading Strategies:

To maintain integrity and fairness, Seven Go Funding has outlined several prohibited trading activities. These include:

• Exploiting platform errors or latency.
• Using insider or non-public information.
• Front-running trades.
• Jeopardizing relationships with liquidity providers.
• Using third-party strategies or strategies designed specifically to pass challenges.
• Arbitraging between assessment accounts or with accounts from other firms.

Violations of these rules could result in immediate disqualification from the program and forfeiture of any fees.

Payout Methods

Seven Go Funding offers flexible payout options depending on the methods available at the time. Once a withdrawal request is approved, traders can receive their earnings through the provided outbound payment solutions. The firm reserves the right to change payout options at any time.

Trading Commissions

For funded accounts, Seven Go Funding applies the same pricing and commissions that their liquidity provider charges self-funded retail accounts. This ensures transparency and consistency for all traders.