5% Daily Drawdown
You must not have a 5% drawdown based on your balance or equity (whichever is higher) on your FOREX trading account within a 24 hour period starting at 5pm EST.
12% Overall Drawdown
Your FOREX trading account must not go down by 12% (realized/unrealized) to balance or equity.
Drawdown % = [1 – (lowest equity or balance for the day) / (starting equity or balance for the day) ] X 100
8% profit target phase 1
You need to reach the profit target of 8% without breaching any of the other rules within a 30-calendar day period. Your time starts when you open your first trade on your FOREX trading account.
4% profit target phase 2
If you successfully complete phase 1, you will need to start on phase 2, where you are required to reach a profit target of 4% without a breach of any of the other rules within a 60-calendar day period. Your time starts when you open your first trade on your FOREX trading account
5 trading day minimum
You must trade a minimum of 5 trading days to pass the Prop Firm evaluation. This shows us your ability to be patient and your FOREX trading habits, enabling us to profile your style and skills.
No trading restrictions
Trade your FOREX Prop firm account your way, your size, your time. We do not limit the way you can trade. We do recommend that you maintain consistency and focus on risk management as it is important for long term success. Be aware of all rules before starting.
When you get funded and start making profit, the profit split is on an 80/20 percentage with the trader (you) keeping 80% of withdrawn profits.