Instant Funding Trading Rules
The profit target to reach the next stage of the Instant Standard Account is 10%. Traders are free to make withdrawals from their account which will not affect their profit target to scale.
For example, if you make 6%, make a 6% withdrawal from your account and then make another 4% profit, you are still eligible to scale to the next level.
The profit target to reach the next level of the Instant Aggressive Account is 20%. Traders are free to make withdrawals from their account which will not affect their profit target to scale.
For example, if you make 12%, make a 12% withdrawal from your account and then make another 8% profit, you are still eligible to scale to the next level.
There is no Daily Drawdown limit for either the Instant Standard or Instant Aggressive Accounts.
The Maximum Drawdown for the Instant accounts are static. This means that no matter the profit you are in, your Maximum Drawdown limit is always calculated from the initial account balance after scaling.
For example, if you have a $80,000 account.
For the Instant Standard Account:
$80,000 – 5% = $76,000 is the lowest equity your account can reach before violating this rule.
For the Instant Aggressive Account:
$80,000 – 10% = $72,000 is the lowest equity your account can reach before violating this rule.
If you violate this rule, the account will be closed.
The minimum time to scale to the next level of both the Instant Funding Accounts is 5 trading days. There must have been at least one trade opened on 5 different days to qualify to scale your account.
A trader may not reach the profit target with one large trade, then use significantly smaller lots to pass the minimum trading days. When the account is reviewed if there is a large difference in lot size used to pass minimum time rule the Challenge will be failed.
Trades must be fully executed trades, they can not just be opened and closed.
Pending orders do not count towards the total.
The maximum time to complete the first level of your Instant Funding account is 180 days.
If the profit target is not reached within this time the account will be closed and breached.
After you have reached the profit target of your first account and have scaled to the next level, there is no maximum time limit and you are free to trade at your own pace as long as you do not breach the inactivity period.
All accounts are traded on a demo account so we can manage our risk. Your funded account is connected to a real funded account from which you are paid.
To ensure trades can be copied effectively to the real account we can not tolerate any form of manipulation on any account.
Manipulation includes but not limited to:
- Tick scalping – constantly opening and closing trades in less than 30 seconds. We realise sometimes trades are closed instantly for one reason or another, so if there are occasional trades that are opened and closed in less time we won’t close your account.
- Hedging between accounts.
- Delayed or frozen data feeds.
- Unrealistic fills that don’t take into account slippage, where a huge lot size is used and closed within a small amount of pips.
- Allowing others to trade your account.
- Copying others trades.
- Lot size manipulation – can not use one big trade to pass the profit target then minimum lot size to pass the min days. The lot size deviation can not be more than a factor of 5. Example 1) If your smallest lot size is 1 and the largest is 5 okay. Example 2) If the smallest lot size is 0.10 and the largest is 5, not okay.
A visible stop-loss is required with every trade.
If you enter a trade without a stop-loss then our software will automatically close out the trade at the current price. This will most likely result in a small loss, and you will receive an email from us notifying you of the fact the trade has been closed.
Not placing a stop loss is a soft rule and will not result in you losing the account.
Trades can be held overnight, but all trades must be closed before the weekend.
All open or pending trades will be closed automatically by our trading server at Friday at 5PM EST as a back stop if a trader has forgotten to close their trades.
This will be done at market price at the time and you will receive an email from us notifying you of the fact the trade has been closed.
Not closing trades for the weekend is a soft rule and will not result in you automatically losing the account, though we recommend you close the trade at a suitable time to optimize the potential of it.
There is a maximum position size of 2%. If a position is opened that is greater than 2% risk per trade it will be automatically closed.
Maximum total open risk equal to the Max Drawdown. If the Max Drawdown on the account is 10%, the trader can not open more than 10% risk.
Example if there are 5 trades with 2% risk each on the Instant Aggressive account, totalling 10% risk, another trade can not be opened until one of the trades has been closed, or when the stop-loss is moved to breakeven on one of the other 5 trades.
In the event that you put on too many trades with risk, then our system will liquidate the latest trade placed.