Instant Funding Challenge Overview
The Instant Funding Challenge is an evaluation program designed to assess the trading proficiency of applicants while adhering to a structured set of rules and guidelines aimed at ensuring the overall integrity and consistency of the trading process. By participating in this challenge, applicants acknowledge and agree to be bound by the following terms and conditions, which have been established to maintain a balanced and fair trading environment.
Max Daily Drawdown
The maximum permissible daily drawdown in this challenge is set at 6%. This restriction ensures that traders maintain discipline and do not take excessive risks within a single trading day. Any account that exceeds this threshold will be subject to immediate disqualification from the challenge.
Max Drawdown
The maximum drawdown for the entirety of the challenge is capped at 12%. This figure represents the largest permissible loss that can be incurred from the peak value of the trading account to its lowest point. Should the account’s equity fall below this threshold, the trader will be deemed to have failed the challenge and will be removed from the program.
Profit Target
Unlike many other funding programs, the Instant Funding Challenge does not impose any predefined profit targets. Participants are not required to achieve a specific profit figure within a given time frame. However, consistent and profitable trading performance is expected, as profit consistency is a key measure for eligibility to move forward.
Max Trading Days Phase
The phase in which traders participate has no set maximum number of trading days. The evaluation period is unlimited, meaning traders can take as long as they need to demonstrate their trading abilities. However, applicants are encouraged to trade efficiently and maintain a high level of professionalism throughout the challenge.
Min Trading Days Phase
While the challenge allows for unlimited trading days, there is a minimum of 5 trading days required for each participant. This ensures that traders demonstrate their ability to trade consistently over a period of time, reducing the likelihood of relying on luck or sporadic wins.
Free Repeat (Funded/Reset to Challenge Phase)
The Instant Funding Challenge does not offer the option for a free repeat of the challenge phase in cases where the participant has failed. Once the challenge phase has been completed or disqualified, participants will not be able to reset their account or attempt the challenge again for free. All future attempts will require an additional fee.
Refund Upon 2nd WD (Withdrawal)
Participants should be aware that refunds upon the second withdrawal are not offered. This means that once an applicant has requested a withdrawal for the second time, no refunds or reimbursements will be provided, regardless of any circumstances.
High-Frequency Trading (HFT)
The practice of high-frequency trading (HFT), where trades are executed at an extremely rapid pace, is explicitly not allowed under the terms of this challenge. The challenge is designed to evaluate traders based on their ability to make thoughtful, strategic decisions rather than profiting from rapid trade executions.
Weekend Trading
Participants are permitted to engage in weekend trading, meaning that the trading platform will remain active during the weekend. This allows for the possibility of entering or exiting trades outside the standard weekdays, giving traders more flexibility in their trading strategies.
High Impact News Trading
Trading during high-impact news events is not allowed. The challenge does not permit traders to engage in trading activities during scheduled economic reports or other major news events that could create high volatility and large price movements. Traders must exercise caution and avoid trading during such events to maintain fairness in the evaluation process.
Profit Consistency
To be successful in the Instant Funding Challenge, profit consistency is a mandatory requirement. Traders must demonstrate a consistent ability to generate profits over time, maintaining a steady growth trajectory without significant drawdowns or volatility. This consistency is evaluated over the entire duration of the challenge.
Volume Consistency
In addition to profit consistency, participants are also expected to maintain volume consistency. This refers to the ability to consistently execute trades in appropriate volumes relative to the account size and market conditions. Traders who display erratic or excessive volume are unlikely to succeed in the challenge.
Profit Cap
A profit cap of 5% is implemented to ensure that traders do not take excessive risks for outsized profits. This cap limits the amount of profit a trader can generate, reducing the possibility of risky and unsustainable trading strategies that could negatively impact the overall challenge integrity.
Leverage
Traders in the Instant Funding Challenge can utilize leverage of up to 1:50. This leverage ratio allows for a greater degree of flexibility and potential for profit, while still ensuring that the challenge remains balanced and fair. However, participants are expected to trade responsibly, using leverage prudently and without overexposing themselves to unnecessary risk.
Profit Split
The profit split in this challenge starts at 50%. Over time, and contingent on consistent performance, this split gradually increases up to 80%. The gradual increase incentivizes participants to perform well consistently, rewarding those who can demonstrate consistent profitability over the duration of the challenge.
Inactivity Period
The challenge does not impose a specific inactivity period. However, participants are encouraged to maintain an active trading profile to demonstrate their engagement with the challenge and overall performance.
Copy Trading
Copy trading is not permitted in the Instant Funding Challenge. Participants are required to trade independently, making their own decisions and managing their positions without relying on external copying strategies or automated systems.
Expert Advisors (EAs)
The use of Expert Advisors (EAs) or automated trading systems is strictly prohibited in the Instant Funding Challenge. Traders must manually manage their trades and rely on their own strategies and skills to succeed, ensuring that the evaluation remains a true test of individual trading ability.
Hedging
Hedging is not allowed in the Instant Funding Challenge. Traders must adhere to a single position strategy, avoiding the practice of offsetting trades in an attempt to mitigate potential losses through hedging strategies.
Mandatory Stop Loss and Take Profit
To ensure risk management, all trades placed in the challenge must adhere to mandatory stop loss and take profit levels. The stop loss must be set within 1 minute of executing a trade. This rule enforces strict risk management practices and discourages traders from taking excessive risks without proper safeguards.
Phases
The challenge consists of 1 phase, meaning that participants proceed straight to funded if they meet the requirements of the phase. There are no additional evaluation phases, streamlining the process for those who demonstrate their proficiency early on.