2-Step Evaluation:

Phase 1

In the initial phase, we evaluate your trading skills and encourage you to establish your identity as a trader. Your goal in Phase 1 is to reach a profit target of 8% without violating any other rules. Upon successful completion, you can expect to receive your Phase 2 account within 2 hours.

Phase 2

Phase 2 is designed to validate the results and achievements of Phase 1. In this stage, your objective is to attain a profit target of 5% without violating any other rules.

Daily Loss Limit: 5%

Traders have a safety net called the Maximum Daily Loss, capping the amount they can lose each day. This rule uses the higher value between equity and balance and sets the limit at 5% of the starting equity or balance (whichever is the highest). Put simply, the trader's total losses for the day, including both current and closed positions, shouldn't go beyond this 5% limit. The reset happens every day at 22:00 BST.

Maximum Loss Limit: 10%

The Maximum Loss Limit ensures that the equity or balance stays above a specific level. This regulation is fixed at 10% of the initial account size. For instance, if a trader has a $100,000 account with a 10% Maximum Loss Limit, the equity or balance must not dip below $90,000 under any circumstances.

1-Step Evaluation:

Within the 1-step evaluation challenge, the profit target is set at 10% of the starting demo account simulated balance.

Daily loss limit: 4%

The daily simulated drawdown is set at 4%.

Maximum Loss Limit: 6% (Trailing)

The max simulated drawdown is still set at 6% trailing from your highest simulated balance or equity achieved at all times.

Brian Gambura

Equity Edge