Frequently asked questions

You are participating in a trading challenge that consists of two phases. In each phase, you are required to trade for at least 5 days, with each of those days achieving a minimum profit of 0.5% of your initial account balance. The days do not need to be consecutive, only those on which you achieve a profit of 0.5% or greater will be counted. Keep in mind that the daily reset time is at 00:00 UTC.

Phase 1:

• Day 1: +0.4% (not counted)
• Day 2: +0.7% (counted)
• Day 3: +0.3% (not counted)
• Day 4: +0.6% (counted)
• Day 5: +0.5% (counted)
• Day 6: +0.2% (not counted)
• Day 7: +0.8% (counted)

In this example, you have achieved the 0.5% or greater profit requirement for 4 days (Days 2, 4, 5, and 7), but you still need one more day with a 0.5% or greater profit to meet the minimum 5 days in Phase 1.

You would need to continue trading in Phase 1 until you have 5 days with at least 0.5% profit of your initial account balance. Once that requirement is fulfilled, you can move on to Phase 2.

You may copy trades between your own Eleonex accounts, provided they are registered under the same individual. An Eleonex account may also be used as a Master account for external Slave accounts.

Expert Advisors (EAs) are permitted; however, they require prior approval from the company. Please ensure that all automated trading tools or strategies are submitted for review and authorization before use. This is essential to ensure compliance with our terms and to uphold the integrity of the trading environment.

You are eligible for a simulated trading capital of up to $200,000.

Max drawdown starts as a trailing drawdown on equity, but converts to a static drawdown once a profit threshold is met, locking the limit at the initial balance.

● Mechanism and Reset Logic:
Phase 1 (Trailing): As long as the equity does not exceed a threshold, it works like a Trailing Drawdown.
Threshold = Initial Balance + (Initial Balance * Ratio)
Limit = Highest Equity – (Initial Balance * Ratio)

Phase 2 (Static): Upon exceeding the threshold, the limit is permanently set to Limit = Initial Balance.

Update: The limit updates in Phase 1 and becomes locked in Phase 2.
Loss Handling: In Phase 1, losses are cumulative against the moving
high-water mark. In Phase 2, they are cumulative against the new fixed
limit. There is no daily reset of the loss buffer.

● Calculation Example:
Initial Balance: $100,000; Ratio: 12% -> Drawdown Amount: $12,000.
Activation Threshold: $100,000 + $12,000 = $112,000.
Before Threshold: If max equity is $107,000, the limit is $107,000 – $12,000 = $95,000.
After Threshold: If equity reaches $112,000, the limit is forever fixed at $100,000.

The maximum risk per trade is 2% (excluding commissions), including all open positions. All open positions will be automatically closed by our risk management system if they reach a loss of 2% of your initial account balance. Violating this rule will result in a “soft breach” and will also lead to a reduction of your leverage. The new leverage limits will be as follows:

Evaluation phase:

• FX: 1:50
• Indices: 1:10
• Commodities: 1:10
• Metals: 1:10
• Crypto: 1:1

Funded phase:

• FX: 1:25
• Indices: 1:10
• Commodities: 1:10
• Metals: 1:10
• Crypto: 1:1

A second violation of this rule will result in a severe breach and permanent account termination.

Maximum daily loss uses a fixed dollar amount subtracted from the higher value between the previous day’s closing balance and closing equity.

● Mechanism and Reset Logic:
Fixed Amount Calculation: Fixed Loss Amount = Initial Balance Loss Percentage.
Reference Point Calculation: Ref Point = Previous Day Balance/Equity (whichever is higher)
Limit Calculation: Day Limit = Ref Point – Fixed Loss Amount.
Reset: The limit resets every day (Daily reset time is at 00:00 UTC). The trader gets a new, full loss budget (the fixed dollar amount) to use against the new reference point.

● Calculation Example:
Initial Balance: $100,000; Daily Loss: 6% -> Fixed Amount: $6,000.
Day 1 Close: Balance $102,000, Equity $104,000.
Limit for Day 2: $104,000 – $6,000 = $98,000.

Any trading strategy deemed as “cheating” is strictly prohibited and violates our Terms & Conditions. This includes utilizing tactics that produce risk-free or unusually consistent profits by exploiting demo account conditions. Funded Traders must treat their accounts as live trading environments. Using any method that manipulates demo account features will result in account termination, whether during the evaluation phase or after funding has been granted.

Examples of Prohibited Strategies:

• Exploiting platform freezes or data lags caused by demo server errors
• Trading based on delayed data feeds or charts
• Tick scalping, high-frequency trading, or using arbitrage bots
• Reverse arbitrage or latency arbitrage
• Hedge arbitrage or using trade emulators
• Spamming order book

These are some of the most common violations we’ve encountered. Any strategy that attempts to exploit demo environments or simulate unrealistic trading behavior will result in immediate disqualification from our program. We are committed to ensuring fair and consistent trading practices across all accounts.

The offered leverage is as follows:

During the Evaluation Phase:

• FX: 1:100
• Indices: 1:25
• Commodities: 1:25
• Metals: 1:25
• Crypto: 1:2

During the Funded Phase:

• FX: 1:50
• Indices: 1:20
• Commodities: 1:20
• Metals: 1:20
• Crypto: 1:2

These leverage limits are designed to ensure consistent risk management throughout each phase of your trading journey.

Yes, that’s correct. Below are a few examples illustrating how accessing your rewards can impact your account:

Example 1 – Profit of 12% or More:
Imagine you start with a $100,000 funded account and achieve a 12% profit, increasing your balance to $112,000. At this point, your maximum drawdown becomes locked at your initial balance of $100,000.

If you then withdraw $8,000 (which is 8% of your initial balance), your account balance drops to $104,000. Since you’ve withdrawn a portion of your profits, your maximum drawdown is now reduced to $4,000 (or 4% of your starting balance.)

Example 2 – Profit Less Than 12%:
Now, suppose you start with the same $100,000 funded account and earn a 8% profit, bringing your balance to $108,000. In this case, your maximum drawdown is $12,000 (or 12% of your initial balance.)

If you withdraw $5,000 (or 5% of your initial balance), your new account balance becomes $103,000 As a result, your maximum drawdown is adjusted to $3,000 which is 3% of your starting balance.

Important Note:
If a trader withdraws rewards totaling between 2.5% and 11.99% of their initial account balance, the maximum allowable drawdown will be locked at the original starting balance. This means:

• Any further losses beyond the starting balance may result in account suspension or a rule violation.
• The trader must ensure their equity does not fall below the initial $100,000 balance.

Recommendation:
We strongly advise against withdrawing the full amount of profits within this range. To avoid breaching the account and to maintain trading eligibility, we recommend leaving a portion of the profits in the account to provide a buffer for ongoing trades.

News trading is fully permitted during the evaluation phase without any time-based restrictions. Traders may open, close, or manage positions freely around news events while undergoing the evaluation process.

However, news trading is strictly prohibited on funded accounts. A trade is considered to violate this rule if it is opened or closed within a 6-minute window surrounding a high-impact news event (3 minutes before, and 3 minutes after news releases), as referenced by red-folder events from ForexFactory.

In the funded stage, violating this rule will result in a “soft breach” and an automatic reduction in leverage:

Funded phase leverage after breach:

• FX: 1:25
• Indices: 1:10
• Commodities: 1:10
• Metals: 1:10
• Crypto: 1:1

Additionally, any profits made from trades during the 6-minute restricted window will be removed from your account and will not count towards payout eligibility. Any losses incurred during this time remain the trader’s responsibility.

A second violation of the news rule will result in immediate account closure.

Important: If your stop loss, take profit, or pending orders are triggered within this time frame on a funded account, all profits will be removed, all losses will stand, and pending orders during this period are not permitted.

Yes, you are allowed to hold positions overnight.
During the Evaluation Phase, there are no restrictions on holding trades over the weekend. However, in the Funded Phase, weekend holding is strictly prohibited. Violating this rule will be considered a hard breach and will result in immediate disqualification from the program.

The maximum drawdown is always 12% of your initial account balance. If you withdraw the full 12%, it will exceed the limit and result in the loss of your account. However, once you reach a 12% profit, the drawdown is locked at your initial account balance, providing more flexibility for managing your profits.

Example:
If you start with $100,000 and grow the account by $12,000 (12% or more), the trailing drawdown no longer applies. From that point on, your maximum allowable drawdown is locked at $100,000(the initial account balance), rather than continuing to trail behind your new high of $112,000. This gives you more room to trade while protecting your capital.

Yes, you are allowed to merge a maximum of 3 accounts, but the accounts cannot be of the same size. This ensures that each account merger is balanced and offers more flexibility to diversify your trading capital. Merging accounts is only allowed only within the same program.

Examples:

Merging Accounts of Different Sizes:

Account 1: $5,000
Account 2: $10,000
Account 3: $25,000

• Total after merging: $40,000

Accounts that cannot be merged:

Account 1: $5,000
Account 2: $5,000
Account 3: $5,000

• This would breach the rule since all accounts are the same size.
  

Additional Example with Larger Accounts:

Account 1: $50,000
Account 2: $100,000
Account 3: $25,000

• Total after merging: $175,000

By following these guidelines, you can strategically combine different account sizes to increase your trading capital while adhering to the policy.

To qualify for a payout, at least 50% of your total trades must remain open for more than 2 minutes.

Example: If you placed 100 trades, at least 50 of them must each exceed the 2-minute duration to be eligible for a payout.