calendar   December Coupon
15% OFF On All Challenges
coupon   CODE: DEC15

FAQ's & Rules

How Can We

HELP?
All Collections 2-Step FAQ
WHAT ARE THE DAILY DRAW DOWN RULE FOR PHASE ONE ACCOUNT?
WHAT ARE THE DAILY DRAW DOWN RULE FOR PHASE ONE ACCOUNT?

Maximum Daily Loss: 5% of the account balance.

Neither the Evaluation Trader's account balance nor account equity may decrease by more than 5% of the Closing Balance of the preceding Trading Day during any Trading Day in the Reference Period (23:00:00 CET to 22:59:59 CET the following day). The Daily Drawdown Rule refers to this. 

For instance, in the event that a trader's closing balance on the previous Trading Day was $100,000, neither their equity nor balance can fall to or below $95,000 in the next Trading Day, as this would result in a $5,000 loss (5% of $100,000). 

Join the Global Community for the Traders,by the Traders

Get all the exclusive trading resources, economic news updates & fundamentals, listen to best trading podcasts and share what you are up to outside of trading. You can hang around with other like-minded traders and truly build a connection. Come and start a conversation!