100K Challenge Account

## **100K USD 2-Step Challenge Outline (Detailed)**

– **Challenge Fee**: 500 USD for the 100K account.
– **Leverage**: Up to 1:100 to maximize trading opportunities with relatively low margin requirements.
– **Max Capital Growth**: Traders can scale their account up to 2 million USD based on their performance.
– **Maximum Initial Capital**:
– Per strategy: 300K USD (to exceed this, trading must be done in different assets).
– Total combined capital (all accounts): 400K USD.

This section gives traders the flexibility to manage various account sizes with clear lot size limits and emphasizes account growth potential through scaling plans.

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### **Step 1: Challenge Phase**
1. **Profit Target**:
– Traders must achieve a **10% profit target**. For example, a trader with a 100K USD account must generate **10,000 USD** in profits.

2. **Max Simulated Drawdown**:
– The maximum total drawdown allowed is **10%**. For the 100K USD account, the drawdown cannot exceed **10,000 USD**.

3. **Max Daily Drawdown**:
– The maximum allowed loss within a single day is **5%**. For the 100K USD account, that is **5,000 USD**.

4. **Trading Period**:
– Traders have **30 days** to complete the challenge and reach their profit target.

5. **Minimum Trading Days**:
– A minimum of **5 days** is required to ensure consistent performance over time rather than achieving the target through a few lucky trades.

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### **Step 2: Verification Phase**
1. **Profit Target**:
– The profit target in the verification phase is reduced to **5%**. For a 100K USD account, the trader must achieve **5,000 USD** in profits.

2. **Max Simulated Drawdown**:
– The same **10%** drawdown limit from the challenge phase applies, meaning no more than **10,000 USD** can be lost overall.

3. **Max Daily Drawdown**:
– The daily loss cannot exceed **5%**. For a 100K USD account, that’s **5,000 USD** in one trading day.

4. **Trading Period**:
– The verification phase allows more time, providing **60 days** to meet the profit target.

5. **Minimum Trading Days**:
– As with the challenge phase, traders must trade for a minimum of **5 days**.

This two-step process ensures traders demonstrate consistency and risk management skills across both phases.

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### **Funded Trader Rules (After Passing Both Steps)**
1. **Profit Sharing**:
– Upon successful completion of both the challenge and verification phases, traders will receive a funded account with an **80/20 profit split**. This means **80%** of the profits generated by the trader are theirs, while **20%** goes to the funding company.

2. **Scaling Plan**:
– Traders can scale their account based on consistent performance. Scaling opportunities are available every **3 months**, allowing traders to grow their account up to **2 million USD**.

3. **Trading Flexibility**:
– No specific rules or restrictions are applied to trading lots, instruments, or consistency once funded. Traders have the freedom to trade based on their strategies.

4. **Multi-Device Access**:
– Traders are allowed to log in to MT5 from different devices (mobile, desktop) and can switch between networks (Wi-Fi and mobile data) without restriction.

5. **Merging Accounts**:
– Qualified traders can request to merge accounts up to a total of **300K USD** to manage larger capital.

6. **Maximum Capital**:
– Traders can manage multiple evaluation and funded accounts, but the combined total value of all active accounts (challenges and funded) cannot exceed **400K USD**.

7. **Copy Trading**:
– Traders can copy trades across multiple accounts as long as the combined initial capital doesn’t exceed **300K USD** for a single strategy.

This section highlights the flexibility and rewards for traders after passing the challenge, with opportunities to manage larger capital and keep the majority of their profits.