At FXRK, the Two-Phase Challenge is designed to evaluate your consistency and risk management over two consecutive stages.
Once you pass both, you'll gain access to a simulated funded account, with the ability to withdraw profits weekly.
Here’s a clear breakdown of the rules:
Challenge Objective: You must reach an 8% profit target in Phase 1 and a 5% profit target in Phase 2, while respecting all risk management rules.
No Time Limit: You can complete each phase at your own pace. There are no deadlines to meet the targets.
Maximum Daily Loss: You cannot lose more than 5% of your account’s initial balance in a single day (including both closed and open positions).
Maximum Total Loss: You must not lose more than 10% of the initial balance throughout the Challenge, in both Phase 1 and Phase 2.
Drawdown Calculation: The Maximum Daily Loss is calculated based on your account balance at the close of the previous day, not your current equity.
Leverage: You’ll have access to 1:100 leverage, giving you the opportunity to take advantage of market movements with proper risk control.
Trading During News Events: You may trade during economic news events only during the evaluation phase (Phase 1 and Phase 2). This is not allowed on the funded account.
Weekend Positions: You may hold positions over the weekend only during the evaluation phase (Phase 1 and Phase 2). This is not allowed on the funded account.
Profit Split: Once funded, you’ll receive 80% of the profits you generate, with the potential to reach 90% through the 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 GMT+3, as long as you meet the established rules.