Phases for the 2 Step Model
The 2 Step Model gives you two phases to demonstrate your trading skills: the Student Phase and the Practitioner Phase. You must complete both phases to qualify for a Master account.
The Student Phase (Phase I)
This phase tests your trading skills and helps define your trading profile.
Trading Objectives:
Achieve an 8% profit target during the Student Phase.
Complete a minimum of 3 trading days to pass the evaluation.
Adhere to trading rules and loss limits.
Upon passing, you will immediately receive your Practitioner Phase account.
The Practitioner Phase (Phase II)
This phase confirms your consistency and validates the outcomes of the Student Phase.
Trading Objectives:
Achieve a 5% profit target during the Practitioner Phase.
Complete a minimum of 3 trading days to pass the evaluation.
Adhere to trading rules and loss limits.
Upon passing, your entire evaluation period will be reviewed in preparation for your Master Account. To learn more about how the Master Account is set up, click here.
The Master Account
Once you pass both phases, 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: 10% of the initial account size
Example:
For a $100,000 account, your equity or balance cannot drop below $90,000.
Daily Loss Limit
The Daily Loss Limit is the amount you are allowed to lose in a single day. This rule uses the higher value between equity and balance. Violating this rule is a hard breach and will lead to the closure of your account.
Daily Loss Limit: 5% (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 $101,650 that day.
Example 2: Higher Balance
With a $100k balance and a $99k equity, your equity cannot fall below $95,000 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.
Lot Exposure Limit
The Lot Exposure Limit refers to the total number of lots from all trades open at the same time. This limit is not a daily cap but applies to the number of open trades and varies depending on your account size.
Lot Exposure Limit per Account Size
$5,000 account: None
$10,000 account: None
$25,000 account: Maximum 10 lots
$50,000 account: Maximum 20 lots
$100,000 account: Maximum 40 lots
If you hit the Maximum Lot Exposure Limit, you can still open new trades the same day, as long as you close the current ones. The exposure limit applies only to open trades, not as a daily limit.
Example: $25,000 Account (Maximum 10 Lots)
With a $25,000 account, you can have one 10-lot trade open or five 2-lot trades. If you open two 10-lot trades and close both with a $1,000 profit, the profit from the second trade will not be counted and will be deducted from the account due to exceeding the Lot Exposure Limit.
IMPORTANT:
Exceeding the Lot Exposure Limit will result in the deduction of profits from trades above the limit. If this causes a violation of the trading rules and limits, you will be held responsible.
The first violation will result in a warning, while the second will lead to the removal of profits from trades above the limit, a profit deduction (reducing rewards to 30% of your profits), and account closure.
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 events are highlighted in red, however speeches may not always be marked in 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 (60% Reward Split)
You can request a reward with a 60% 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)
Bi-Weekly Rewards (80% Reward Split)
You can request a reward with an 80% reward split every 14 calendar days after the first executed trade on your Master account.
Monthly Rewards (100% Reward Split)
You can request a reward with a 100% reward split every 30 calendar days after the first executed trade on your Master account.
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 (1:100)
Metals (1:30)
Indices (1:20)
Energies (1:10)
Crypto (1:2)