Cannot hold more than 40% of account equity in a single position.
Products allowed: Equity, Futures and Options
Phase 2
Profit Target: +8% (no time limit).
Daily Drawdown: 3%.
Max Overall Drawdown: 6%.
Must trade at least 15 days in this phase.
Cannot exceed 40% of account balance per position.
Must have at least 48% winning days.
News Rule: No trading during stock-specific announcements (earnings, board meetings, RBI policy, Union Budget).
Circuit Breaker Rule: No trading in stocks that hit upper/lower circuit on the day.
Funded Account (After Passing Phase 2)
Drawdown: Same as verification (3% daily / 6% max).
Must trade at least 15 days in this phase.
Cannot exceed 40% of account balance per position.
Must have at least 48% winning days.
News Rule: No trading during stock-specific announcements (earnings, board meetings, RBI policy, Union Budget).
Circuit Breaker Rule: No trading in stocks that hit upper/lower circuit on the day.
Payout:
First payout after 15 calendar days in funded stage.
Payout ratio: 60%
General Rules applied to Phase 1, Phase 2 and Funded Account
Reverse Trading and Group Hedging: Reverse trading involves taking opposite positions on the same asset using multiple accounts, effectively eliminating personal risk. Similarly, group hedging occurs when multiple traders coordinate positions to reduce individual exposure. These practices disrupt the integrity of the trading environment and prevent fair evaluation of trading skills. To ensure fairness, both are prohibited.
Exploiting Inefficiencies of Trading Platforms and Other Practices: This involves exploiting data feeds, including latency arbitrage, reverse arbitrage, gap trading, toxic order flow, tick scalping, and server execution
Usage of Public Third-Party Expert Advisors (EAs): The use of public third-party EAs is restricted
One-Sided Bets: Taking positions in a single direction without proper analysis or consideration of market trends, often leading to excessive exposure.
Grid Trading: To execute a grid trading strategy, traders place buy and sell orders at regular intervals above and below a set price, aiming to capture profits as the market fluctuates. However, this method often resembles gambling, as it relies on market movement in either direction without factoring in market conditions or analysis.
High-frequency trading (HFT): HFT involves holding trades for 60 seconds or less. While these trades may offer quick profit opportunities, they can lead to unfair advantages, which goes against our commitment to fair trading. To ensure a level playing field, HFT is not permitted. Additionally, executing an unusually high number of trades per hour may also be flagged as HFT. Accounts displaying such patterns will be subject to review, and necessary actions may be taken to uphold our fair trading standards.
Martingale: The strategy involves increasing positional notional volume after each trade, aiming to recover previous losses or amplify winnings on subsequent trades. This involves doubling down after a losing trade. Martingale trading is allowed for all challenges, Instant Funding Micro and IF1 accounts. For Instant Funding accounts, traders can add to losing positions but must avoid continuously doubling lot sizes after losses.