The Trading Pit

Basic Rules
Hit Profit Target：To pass your Challenge and proceed to the next phase, your Account Balance must reach the requested Profit Target and you must be flat on positions. Daily Drawdown：The Daily Drawdown indicates the maximum amount you can lose throughout a single day. We update your new Daily Drawdown limit for you on your Dashboard every day based on your Balance at 16:00CT when the markets close. For more information and examples check our FAQ's. Maximum Drawdown: The Maximum Drawdown rule indicates the maximum amount you can lose across the lifetime of your account. If your equity drops below the Max Drawdown limit, your account will automatically be closed. In this program, the Maximum Drawdown is static for both your Challenge and Earning Phase. For more information and examples check our FAQ’s. Complete 5 Minimum Trading Days: We ask you to trade for a required number of trading days to make sure you can be consistent in your risk management and trading. For an account to be registered as passed, you must place a trade for a minimum of 5 unique trading days. Holding an overnight position will not be considered a new trading day. Inactivity Rule: As we work with reputable brokers for opening our trader’s demo accounts, if you do not place a trade for 21 consecutive days, our partner broker will consider your account inactive and proceed with closing it, and you will not be eligible for a new account or refund of the purchase. Multiple CFD Earning Accounts Per Trader: A trader can hold multiple CFD earning accounts, with a maximum total of 4 accounts. This can include up to four Prime accounts or three Prime accounts and one Classic account. The total allocated starting balance across all accounts is capped at $400,000. Prohibited Trading Practices Copy-Trading: (a) It is forbidden for traders to copy trades manually or automatically between their accounts. (a) You are allowed to copy trades from an external account that is yours. However, it is prohibited to copy trades from other traders or sources that are not your own, as this increases the chances of breaching the above rule (a). News Trading: Trading is prohibited 2 minutes before and after high-impact news events. However, pending orders set before the news and filled during news are allowed. Also, any orders opened before news can be closed during news release. Scalping Allowed: In Prime CFD Challenges we allow scalping , however HFT is still prohibited. HFT (High-Frequency Trading): High-frequency trading strategies are not permitted. Achieving Profit Target in One Trade: Achieving the profit target through a single trade is strictly prohibited. We ask to see consistent trading from our partner traders who adhere to the correct Risk Management practices and aren’t seeking to reach the target with one big, risky trade. Gambling and Inconsistent Trading: In simple terms, we ask that you stay consistent in your strategy and adhere to Standard Market Risk Management, avoiding substantial deviations in position sizes and the number of positions relative to your usual trading patterns. We ask our partner traders to maintain consistent lot sizes in their trades to align which demonstrates disciplined and strategic trading practice. An example of breaching this rule would be if you complete your 5 minimum trading days by entering 10 lot trades for the first 2 days and then for the rest 3 required trading days you place 0.1 lot trades. To see a detailed breakdown of what we consider gambling, click here. Exploitation of System Errors: Trading strategies that exploit system errors or trade on external/slow data feeds are prohibited. Furthermore, engaging in activities attempting to manipulate the market or to apply any type of Arbitrage trading will lead to the termination of your account. Also, although we allow E.A.’s that are created by you, using software or EAs that aim to manipulate or misuse the system will lead to the termination of your account. Gap Trading: Trades being executed in anticipation of major global news, macroeconomic events, or corporate earnings reports specifically when such events are likely to impact the prices of financial instruments in the relevant market, may lead to a Gap in the pricing feed of the broker. Trades opened less than 2 hours before the closing of a financial market with the target of exploiting expected price gaps upon market reopening will be considered a malicious practice and will lead to termination of your account with no compensation.