What are the Challenge Criteria?

What are the Challenge Criteria?

All Funded Account Challenges, Funded Accounts, and related services are provided by FunderPro. The Challenges have been engineered so that you can trade under optimal conditions, without having to focus on unreasonable time constraints, or unrealistic targets that are exceedingly difficult to attain.

 

The evaluation of your trading skills is structured in a manner that simplifies the journey to becoming a Funded Trader. We care about traders, this is why we chose FunderPro, which creates a trading environment that allows you to potentially become consistently profitable for a long, long time.

 

2-Stage Accounts

 

Phase 1: Evaluation Stage

In the first phase of the Funded Account Challenge, you will trade with a Demo Account. To pass this stage, you must meet the following criteria:

 

  • 10% Profit Target
  • 5% Max Daily Drawdown
  • 10% Max Overall Drawdown
  • Minimum of 1 Trading Days
  • Up to 1:200 Leverage
  • Cannot Hold Over Weekends
  • Cannot Hold Over News
  • Cannot Use EAs/Bots
  • Respect the 45% Consistency Rule

 

When you have completed the Evaluation Stage (Phase 1), you will proceed to Phase 2, the Verification Stage.

 

Phase 2: Verification Stage

In the second stage of the Funded Account Challenge, you will prove your ability to build profit. Once you have passed the Evaluation Stage, you will receive New Credentials to log in to your new Demo Account for the second phase. In this stage, you will need to meet the below requirements:

 

  • 8% Profit Target
  • 5% Max Daily Drawdown
  • 10% Max Overall Drawdown
  • Minimum of 1 Trading Days
  • Up to 1:200 Leverage
  • Cannot Hold Over Weekends
  • Cannot Hold Over News
  • Cannot Use EA’s/Bots
  • Adhere to the 45% Consistency Rule

 

The Consistency Rule states that earnings from your best day cannot exceed 45% of your total profits during the Challenge stage. This rule applies during all stage the Funded Account Challenge.

 

Once you have passed our Verification Stage, the FunderPro team will meticulously assess your performance, and you will then become a fully-fledged Funded Trader.

 

Funded Traders:

 

  • Max Daily Drawdown – 5%
  • Max Overall Drawdown – 10%
  • Up to 1:200 Leverage
  • Cannot Hold Over Weekends
  • Cannot Hold Over News
  • Cannot Use EA’s/Bots

 

1-Stage Accounts

 

Phase 1: Evaluation Stage

In this phase of the Funded Account Challenge, you will trade with a Demo Account. To pass the Challenge, traders must meet the following criteria:

 

  • 14% Profit Target
  • 4% Max Daily Drawdown
  • 7% Max Overall Drawdown
  • Minimum 1 Trading Days
  • Up To 1:50 Leverage
  • Cannot Hold Over Weekends
  • Cannot Hold Over News
  • Cannot Use EA’s/Bots
  • Adhere to the 45% consistency rule

 

The Consistency Rule states that earnings from your best day cannot exceed 45% of your total profits during the Challenge.

 

Once you have passed our Evaluation Stage, the FunderPro team will meticulously assess your performance, and you will then become a fully-fledged Funded Trader.

 

Funded Traders (through FunderPro):

 

  • Max Daily Drawdown – 5%
  • Max Overall Drawdown – 10%
  • Up To 1:50 Leverage
  • Cannot Hold Over Weekends
  • Cannot Hold Over News
  • Cannot Use EA’s/Bots

 

When you become a Funded Trader, you will trade in a Live STP/ECN Account. All Funded Traders are required to complete the Identification Process, where you must provide:

 

  • Proof of Identification (Passport, ID Card, Driving License, etc.).

 

The agreement and conclusion of the Funded Account contract will depend on the completion and approval of the Identification Process. Once you have been approved, you will be able to trade FunderPro’s real capital (proportionate to the initially selected capital at the beginning of the Funded Account Challenge) and you will earn a 80/20 Profit Share in your favor.

 

Do I get a Certificate for Completing the Funded Account Challenge?

Yes! Once you have accomplished Phase 1 and Phase 2 of the Funded Account Challenge, you will receive a Certificate of Completion, which you are free to share with anyone!

Can’t find what you’re looking for?

Please, get in touch with our support team, so that we can help you