Phases for the 1 Step Model
The 1 Step Model consists of a single Student Phase that you need to pass to qualify for a Master account.
The Student Phase (Phase I)
This phase is designed to test your ability to achieve goals in a short amount of time.
Trading Objectives:
Achieve a 10% profit target during the Student Phase.
Complete a minimum of 3 trading days to pass the evaluation.
Adhere to the trading rules and loss limits.
Upon passing, your entire evaluation period will be reviewed in preparation for your Master Account. For more information on setting up the Master Account, click here.
The Master Account
Once you pass the Student Phase, you will be offered to trade on a Master Account.
Account Violations (Hard Breach)
Hard breach are serious violations of our established rules. Committing a hard breach will result in the immediate closure of your account.
Maximum Loss Limit
The Maximum Loss Limit is the total amount your equity or balance cannot go below. Violating this rule is a hard breach and will lead to the closure of your account.
Maximum Loss Limit : 6% (of the initial account size)
Example:
For a $100,000 account, your equity or balance cannot drop below $94,000.
Daily Loss Limit
The Daily Loss Limit is the amount you are allowed to lose in a single day. The higher value between equity and balance is used for this rule. Violating this rule is a hard breach and will lead to the closure of your account.
Daily Loss Limit: 4% (of the higher value between your starting equity or balance)
Example 1: Higher Equity
With a $105k balance and a $107k equity, your equity cannot fall below $102,720 that day.
Example 2: Higher Balance
With a $100k balance and a $99k equity, your equity cannot fall below $96,000 that day.
The equity for the day (floating profit/loss plus closed positions) must not hit the Daily Loss limit.
Resets daily at 00:00 CE(S)T/server time.
3% Rule (Master Account Only)
The 3% rule requires that no single loss should exceed 3% of your account size. Splitting up a trade into multiple positions will be counted as one single trade. This rule applies exclusively to master accounts and does not extend to evaluation models. Violating this rule is a hard breach and will lead to the closure of your account.
Single Trade Limit: 3% (of the initial account size)
Example:
For a $100,000 account, the maximum loss allowed on any single trade is $3,000, which is 3% of the initial account size.
Inactivity
A trading account will be breached if it remains inactive for 30 consecutive days. To keep the account active, you must open and close at least one trade within this period. If no trades are completed during the 30-day window, the account will be breached.
Additional Guidelines (Soft Breach)
Soft breaches do not lead to account closure, but may result in restrictions such as limited access or removal of profits depending on the violated rule.
Daily Lot Size Limit (Master Account Only)
The Daily Lot Size Limit means you can only open a total of 10 lots per day. If you exceed this limit, any open trades will automatically be closed, and trading will be disabled until the next day. Trades held past midnight will count toward the next day's limit. The lot size counter resets daily at 00:00 CE(S)T.
Example 1: Exceeding the Lot Limit with Closed Trades
Opening a 10-lot trade, closing it, and later opening another 10-lot trade, will exceed the 10-lot limit. All trades will be closed, and trading will be disabled until the lot counter resets at 00:00 CE(S)T.
Example 2: Exceeding the Lot Limit with Open Trades
Opening a 10-lot trade, holding it, and later opening another 10-lot trade, will exceed the 10-lot limit. All trades will be closed, and trading will be disabled until the lot counter resets at 00:00 CE(S)T.
Example 3: Holding a Trade Overnight
Holding a 10-lot trade overnight and opening an additional 0.01 lots the following day will exceed the 10-lot limit. All trades will be closed, and trading will be disabled until the lot counter resets at 00:00 CE(S)T.
IMPORTANT:
To avoid extreme market conditions for higher volumes, there is a 20 lot limit that can be opened in one click/trade based on what your margin/leverage allows for. The platform will not allow higher lot sizes in one click. This is a limitation per trade.
Holding Trades During News and Over the Weekend
We use Forex Factory as the official source for our news calendar, and you can also access our calendar directly through your account for added convenience. High-impact news are highlighted in red, but speeches may not always be marked the same way.
During the Evaluation Stage
There are no restrictions on holding trades during news events or over the weekend during the evaluation stage. You are free to manage your trades as you see fit.
During the Master Account
You can hold trades during news events and over the weekend. However, there are specific rules regarding trades opened or closed near high-impact news events.
High-Impact News Events
You cannot open or close positions during a 10-minute window surrounding a high-impact news event on affected currencies. This window spans 5 minutes before and 5 minutes after the event.
Profits from trades opened or closed within 5 minutes before or after a high-impact news event or speech will not be counted on the Master account.
Example: Related Currency
If a high-impact news affects USD, you can’t trade USD-related pairs within this 10-minute window.
Example: 10-Minute Window
If you open a trade 30 minutes before a news event, closing it within the 10-minute window will result in the profits being disqualified.
Speeches
During speeches, the restricted window extends from 5 minutes before the speech begins until 5 minutes after the speech concludes.
Exception
To help swing traders while preventing news gamblers, trades that are opened 5 hours prior to a high impact news event are excluded and allowed to close within the prohibited time window. The profits of these trades will be counted.
Trading Rule Clarification
Trades Opened More Than 5 Hours Before the News: Profits will count if closed within the 10-minute window before the event.
Trades Opened Less Than 5 Hours Before the News: Profits will not count if closed during the 10-minute window.
Closing any partial orders will affect the entire order, leading to a flag for news trading.
Traders are responsible for violations if deductions exceed the daily loss or maximum loss limit.
Rewards
The minimum reward amount is 1% of the initial balance, including our split. Transfers are subject to exchange rates and transaction fees.
Reward Cycle
Tuesday Payday (80% Reward Split)
You can request a reward with an 80% reward split every Tuesday.
How It Works:
Master Account Started Monday - Tuesday (you can request the next day)
Master Account Started Tuesday - Tuesday (you can request the same day)
Master Account Started Wednesday - Tuesday (you can request after 4 trading days)
Master Account Started Thursday - Tuesday (you can request after 3 trading days)
Master Account Started Friday - Tuesday (you can request after 2 trading days)
On-Demand Rewards (100% Reward Split)
Earn a Hot Seat to receive On-Demand rewards with a 100% reward split.
Learn more about the Hot Seat program here.
Tradable Instruments
Forex and Metals have a $2 commission per lot. Crypto, Indices, and Oil are commission-free. You can trade the following assets with RAW spreads.
Leverage
Forex (1:50)
Metals (1:20)
Indices (1:20)
Energies (1:10)
Crypto (1:2)