We offer the following account sizes: 25K, 50K, 100K, 200K
Succeed in our 2-Phase challenge by following the below requirements:
PHASE 1 AND PHASE 2
- 8% PROFIT with NO TIME LIMITS
- MINIMUM of 5 trading days
- MAXIMUM Daily Loss (Drawdown) (Equity) of 5%
- MAXIMUM Overall Loss of 12%
Succeed in our 1-Phase challenge by following the below requirements:
- 10% PROFIT with NO TIME LIMITS
- MINIMUM of 5 trading days
- MAXIMUM Daily Loss (Drawdown) (Equity) of 5%
- MAXIMUM Overall Loss of 10%
Prohibited During Our Challenge:
Trading strategies such as HEDGING and MARTINGALE are not allowed during Challenges.
During significant news releases and events. Traders need to have all positions closed no later than two (2) minutes in advance of the economic releases. Traders may resume trading 2 minutes after the economic release.
DAILY LOSS (DRAWDOWN) CALCULATION:
(Equity at the current time – The end of the previous day equity) / The end of the previous day’s equity) X 100
This formula will result in a percentage that would be your daily loss (drawdown).
Failure to comply with these requirements will cause you to fail the challenge. However, you may go ahead and try again by purchasing a new account.
After phase 2, our Trading Experts will investigate your trading style and consistency before providing you with a funded account. Please keep the below points in mind whilst trading on a demo account:
- LOT SIZES.
- IF/WHEN POSITIONS ARE SCALED.
- POSITION SIZES BEFORE/DURING NEWS EVENTS / MARKET CLOSURES.
- POSITION SIZES CONSISTENCY.
- IF/HOW STOP LIMITS ARE USED.
Once our team has investigated thoroughly, they will determine whether your applied strategy is adequate for EmpowerFX. You will be notified via email if you are granted a funded account or not.
If you have successfully received a funded account, Payouts will be done on a bi-weekly basis (every 14 days).
