At FXRK, our One-Phase Challenge is designed to simplify the evaluation process and allow you to demonstrate your trading skills in a single stage.
Here are the rules explained clearly:
Challenge Objective: Your goal is to reach a 10% profit target based on your account’s initial balance. This is the only requirement to successfully pass the Challenge.
No Time Limit: You can trade at your own pace there’s no deadline to reach the profit target.
Maximum Daily Loss: You must not lose more than 3% of your account’s initial balance in a single day (including both closed and open positions). Staying within this limit is crucial to avoid disqualification.
Maximum Total Loss: Throughout the Challenge, you must not lose more than 6% of the initial balance, ensuring proper risk management.
Drawdown Calculation: The Maximum Daily Loss is calculated based on your account balance at the close of the previous day, not your current equity.
This gives you better clarity and control over your trades.
Leverage: You’ll trade with 1:100 leverage, allowing you to pursue significant profits with careful risk management.
Trading During News Events: You are allowed to trade during economic news releases during the Challenge. However, this is not permitted on the funded account.
Weekend Positions: You’re allowed to keep positions open over the weekend during the Challenge. However, this is not permitted on the funded account.
Profit Split: Once you complete the Challenge, you’ll have access to a competitive profit split:
80% standard
Up to 90% if you follow our account scaling plan
Reward after completing the challenge: once you successfully complete your challenge, you unlock the option to receive your rewards as weekly profits, available every Tuesday, as long as you meet the established rules.