2-Step Challenge Process
Profit targets and valid trading days are tracked separately for the two challenge stages. After completing Challenge Stage Two, the account must pass a review before a funded account can be opened. The specific targets and maximum account loss for each stage are subject to the purchased package and account details.
Challenge Stage One
The challenge account is initialized at the start of Challenge Stage One. You must meet the profit target and minimum trading day requirements for this stage as specified by the purchased package, while complying with the maximum daily loss, maximum account loss, position, and trading conduct rules.
After reaching the target, close all positions and cancel all active orders. Once the system confirms that this stage's conditions have been met, the account enters Challenge Stage Two.
Challenge Stage Two
When the account enters Challenge Stage Two, the system reinitializes the challenge account for this stage. The account balance and P&L from Challenge Stage One do not carry over. Profit targets and valid trading days are tracked anew.
Continue to follow this stage's risk and trading requirements. After reaching the target, closing all positions, and canceling all active orders, the account enters review.
Review
Trading is not permitted during the review. The review checks the targets and valid trading days for both stages, loss limits, positions and trading conduct, and account and identity information.
WARNING
Reaching the profit target does not mean automatic approval. Refer to the review result displayed on the account page.
For more information about reviews, see "Account Review and Compliance".
Funded Account Activation
After approval, if you do not currently have another funded account being traded, a funded account is initialized and activated. If you already have another funded account actively being traded, the new account will remain pending until the current funded account is closed.
Each user may hold up to 5 active 2-Step challenge accounts at the same time, with no more than 1 funded account being traded at any one time.
Funded accounts no longer have challenge-stage profit targets, but must continue to follow the applicable trading and risk rules. Once funded account profits meet the conditions, you can request a payout. For payout rules, see "Payout Rules and Application Process".