Can I Trade News with The Funded Trader? | The Funded Trader Knowledge Center

We allow simulated news trading for both Phase I and Phase II of the following challenges:

Simulated Funded Account Restrictions

Once you are trading a simulated Funded Account (Regular Standard, Regular Rapid, or Knight Account), we have news restrictions for 2 minutes before and after the release of a red folder event - this includes the opening/closing of market orders, and any take profit or stop losses that are triggered within this 4-minute window.
This rule applies to all instruments available on our simulated platform.

The news restriction rule does not apply if you are trading a Swing Account Type or a Royal Account.

Account Type	News Trading Allowed
Regular Standard Challenge Account	Phase I & Phase II: Yes Simulated Funded: No
Swing Standard Challenge Account	Phase I & Phase II: Yes Simulated Funded: Yes
Regular Rapid Challenge Account	Phase I & Phase II: Yes Simulated Funded: No
Swing Rapid Challenge Account	Phase I & Phase II: Yes Simulated Funded: Yes
Royal Challenge Account	Phase I & Phase II: Yes Simulated Funded: Yes
Knight Challenge Account	Phase I: Yes Simulated Funded: No

The violation process is as follows:

You will be issued a maximum of 2 warnings (soft breaches) - both of which will result in the deduction of any simulated profits made from trades executed within the restricted 4-minute window. On the third violation, the simulated account will be breached entirely. Again, please note that this rule does not apply to our Swing or Royal Accounts.
Simulated Profit deductions are processed on the following business day of the violation. In the event any deductions result in the breach of the daily or maximum loss limit, the trader is responsible for the violation.

Please review the restriction table below to see which pairs are prohibited during the following but not limited to news events:

INSTRUMENT	MACROECONOMIC EVENT
USD NASDAQ US30 US500 US OIL GOLD SILVER	Non-Farm Payroll Unemployment Rate FED Rates FOMC Minutes GDP q/q CPI y/y Crude Oil Inventories Red folder government speeches (e.g., government official speaks)
GBP UK100 UK500	CPI y/y Bank Rates MPC Votes Red folder government speeches (e.g., government official speaks)
EUR DAX30 FRA40 GER30	Refinancing Rates Red folder government speeches (e.g., government official speaks)
CAD	BOC Rate Statement Overnight Rate CPI m/m Unemployment Rate Employment Change Red folder government speeches (e.g., government official speaks)
AUD ASX200	RBA Statement Cash Rate GDP q/q CPI q/q Unemployment Rate Employment Change Red folder government speeches (e.g., government official speaks)
CHF	SNB Rate Red folder government speeches (e.g., government official speaks)
NZD	RBNZ Rate Statement Cash Rate GDP q/q CPI q/q Unemployment Rate Employment Change Red folder government speeches (e.g., government official speaks)
JPY JPN225	JPY Rate Statement Cash Rate GDP q/q CPI q/q Unemployment Rate Employment Change Red folder government speeches (e.g., government official speaks)

It is important to note that any red folder events shown in Forex Factory that are not listed in the table above are still counted as news-restricted events. Please see all red folder events here by using the top right filter to only show events with a red "Expected Impact".

Note: Any "All Day" marked red folder events will not be counted as news-restricted events, as there are no specified times for the data releases.

To clarify, you can still trade news only on challenge accounts and it will not be a direct violation; however, you should understand that there are occurrences where slippages occur and the trader is ultimately responsible should one cause a violation of the virtual max drawdown rules. We can not guarantee any simulated profits generated during such high-risk news events and we can’t protect you from any simulated losses taken because the trades may not actually fill or may fill causing a simulated loss once connected to a simulated Proprietary Trading Firm's capital account.

To avoid confusion, it is best to avoid trading the specific instruments affected during high-impact news releases.

If you would like to make a switch from a Regular to a Swing account, or vice versa, please message our live chat or support email at