The FXRK One Step Challenge is designed to identify and nurture traders who demonstrate consistency in their trading strategies and risk management.
To showcase your trading skills, you need to successfully complete the program. The key requirements for the phase are as follows:
Maximum Daily Loss: Your daily Equity must not exceed -3% of your initial account balance on any given day. You can find all the details on how the Maximum Daily Loss works in this Help Center.
Maximum Overall Loss: You're allowed a maximum overall drawdown of 6% from your initial account balance. This means your account Equity should never drop below 94% of the initial balance at any point during your trading.
Minimum Trading Days: The program requires you to execute at least one trade in 3 different days. These trading days do not have to be consecutive, and there is no cap on the number of trades you can make, offering you the flexibility to trade as you see fit.
Profit Evaluation: Ensure all your operations are closed and profits are in the balance, so we can accurately assess the results at the end of the phase.
It’s imperative to adhere to all the rules laid out in the collaboration agreement. Remember, the accounts are personal and non-transferable. By following these guidelines, you can successfully navigate the program and prove your trading proficiency.