The Whale Order is a proprietary trading firm that offers competitive funding opportunities for traders around the globe. With a maximum funding allocation of $2 million per trader and flexible trading rules, this firm is structured to attract serious traders. This article will explore the complete details of The Whale Order, including its evaluation process, trading rules, prohibited trading strategies, and more.
The Whale Order offers a 1-Step Challenge that provides traders with a unique and simplified path to funding. Below are the details of the pricing and the rules you need to follow for this challenge.
The Whale Order does not offer any scaling plan.
The Whale Order uses RAW accounts provided by ThinkMarkets for Forex and Equity Share CFDs, which means that these accounts come with competitive spreads and commission charges.
Traders are allowed to trade during news events. This means you can hold positions during volatile market times, giving you more flexibility to implement your trading strategies.
The daily drawdown is a safeguard to limit losses. It is calculated using the previous day's account balance, reset at 5 PM EST each day. Unlike other firms that use the previous day's equity, The Whale Order uses the account balance, allowing traders to grow their profits while minimizing the risk of losing the entire account.
Traders from OFAC-listed countries are not allowed to participate in the program. This restriction is standard to maintain compliance with international regulations.
To ensure a fair and regulated trading environment, The Whale Order prohibits the following strategies:
The Whale Order processes profit withdrawals through Deel, a well-known global payroll and compliance platform. Traders can choose from various withdrawal methods provided by Deel, depending on their country and preference.
The Whale Order uses ThinkMarkets' RAW accounts, which carry commission charges for Forex and Equity Share CFDs. Other trading products like indices and cryptocurrencies do not have commission charges.