Once you’ve passed the assessment, our team will review your account, which takes 1-3 business days. Upon approval, you’ll receive a KYC (Know Your Customer) email through our provider, to verify your identity. 

For this process, you will have to send a government-issued ID and also take a selfie so we know who we do business with and comply with AML regulations.

THE JOKER CHALLENGE (1 STEP)

Overall profit target: 8%

Trading Days on Evaluation: 3 Days*

Trading Days on Funded Account: 3 Days*

TWO - FACE CHALLENGE (2 STEP)

Step 1: 8%

Step 2: 5%

Trading Days on Evaluation: 3 Days*

Trading Days on Funded Account: 3 Days*

*Definition of Trading Days:

Trading Days are defined as days when your account generates a profit of 0.5% or more of the starting balance for that day. 

Please note that days with losses or days without trading activity do not count as Trading Days.

Static: The drawdown doesn’t change

Equity Based: The drawdown resets based on equity or balance (whichever is highest) at 21:00 UTC

We calculate the daily loss limit based on the previous day’s end of day equity. This is calculated at 21:00 UTC, so ensure you know what time of day this is in your location.

All of this is calculated for you automatically inside your traders dashboard in real time, so you don’t need to calculate any of it, but you do need to understand it.

Example 1: 

The day’s starting balance was $100,000. You open a position and it goes into $6,000 profit and you close the trade before the end of the day. At the end of this day your account equity is $106,000 which is carried over to the second day. 

The second day your daily drawdown limit is reset with the new High-Water Mark being $106,000. If your daily drawdown limit is 4% on the 2 step account then the lowest  your equity can reach is $106,000 – $4,240 = $101,760.

Example 2 (Violation):

The day’s starting balance was $100,000. You open a position and it goes into $6,000 profit but you did NOT close the trade before the end of the day. At the end of this day your account equity is $106,000 which is carried over to the second day. 

On the second day the trade goes back to breakeven and is closed by your stop loss. Even though the individual trade did not lose from the balance, you have lost more than the allowable amount (4% on a 2 Step account) on a single day and this will be a hard violation and the account will be closed.  

If you violate this rule, the account will be closed.

Balance Based: The drawdown resets based on the Balance at the daily rollover

Example: You have a $100,000 account, you open a trade and leave it running overnight. Your equity is $105,000, but your balance is $100,000. Your max daily drawdown will be 4% of $100,000 ($4,000).

Trailing: The drawdown moves automatically with the highest equity point in your account

If you start with $100,000 in equity and your trailing max drawdown is 5%, your starting trailing max drawdown is $5,000. If you gain $5,000 in equity your new highest equity point is $105,000 and your new trailing max drawdown is 5% of $105,000 which is $5,250. So if your account goes below $99,750 that would be a breach. 

Please see below different scenarios:

Please note that the max drawdown for 1 Step challenges is 5%, the below examples are for 1 step.

Example 1: If you start with a $100,000 account your max overall loss will be set at 5% ($5,000). This means that your account should not go below $95,000 in equity at any given time you will be in violation.

Example 2: If your account balance reaches $105,000, your max drawdown will be set at $105,000 – 5% ($5,250) = $99,750. This means your account should not go below $99,750 in equity or balance at any given time.

Notes: How does trailing drawdown effect my withdrawal?

When you request a withdrawal, the Max Drawdown locks at your starting balance, regardless of profits made. This means the buffer created by your profits is reduced by the amount withdrawn. Withdrawing all available profit would put your account at risk of breaching the drawdown thresholds.

THE JOKER CHALLENGE (1 STEP):

Max Drawdown: 5% (Trailing-based on high watermark)

Daily Drawdown: 3% (Equity based)

TWO - FACE CHALLENGE (2 STEP):

Max Drawdown: 8% (Static)

Daily Drawdown: 4% (Equity based)

Once you’ve read our trading rules, head to our account setup and pick the best size, steps, and plan.

You can pay with a credit card or digital currencies (click “Place Order” in checkout). When paying with digital currencies, copy the value shown in the chosen coin, not the USD value.