Key Risk Limits
- Profit targets: 8% / 5% (Phase 1 / Phase 2).
- Max daily loss: 5%, Max overall loss: 10%.
Payouts
14-day payout frequency introduced for funded stage.
Changed: March 29, 2025
In the prop trading industry, rules can vary significantly from one firm to another based on their risk management policies. This section provides key rules for each firm and highlights any significant rule changes along with the specific dates of those changes.
14-day payout frequency introduced for funded stage.
Changed: March 29, 2025
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Changed: β
Student Phase: β
Allowed to trade news and hold trades over weekends
Master Phase: β
Allowed, but with strict rules:
No opening/closing trades 5 minutes before or after high-impact news
Trade must be opened at least 5 hours before news for profits to be eligible
Speeches: No trading 5 minutes before until 5 minutes after speech ends
Profits from violations are removed; if removal breaches loss limits, trader is responsible
Applies to pending orders and SL/TP triggers Express 1 step model The payouts in 1 step model for first month is 60% of the profits generated and after consistent trading in first month the payouts will be scaled to 80% of the profits generated by the trader
Reference: ForexFactory News Calendar
No change notes.
Student Phase: β
Allowed to trade news and hold trades over weekends
Master Phase: β
Allowed, but with strict rules:
No opening/closing trades 5 minutes before or after high-impact news
Trade must be opened at least 5 hours before news for profits to be eligible
Speeches: No trading 5 minutes before until 5 minutes after speech ends
Profits from violations are removed; if removal breaches loss limits, trader is responsible
Applies to pending orders and SL/TP triggers Express 1 step model The payouts in 1 step model for first month is 60% of the profits generated and after consistent trading in first month the payouts will be scaled to 80% of the profits generated by the trader
Reference: ForexFactory News Calendar
No change notes.
Student Phase: β
Allowed to trade news and hold trades over weekends
Master Phase: β
Allowed, but with strict rules:
No opening/closing trades 5 minutes before or after high-impact news
Trade must be opened at least 5 hours before news for profits to be eligible
Speeches: No trading 5 minutes before until 5 minutes after speech ends
Profits from violations are removed; if removal breaches loss limits, trader is responsible
Applies to pending orders and SL/TP triggers Express 1 step model The payouts in 1 step model for first month is 60% of the profits generated and after consistent trading in first month the payouts will be scaled to 80% of the profits generated by the trader
Reference: ForexFactory News Calendar
No change notes.
No change notes.
No change notes.
No change notes.