Overview
While we generally do not allow news trading on any Royal, Rapid, Dragon, Standard, or Knight challenges or funded accounts, the Knight Pro Challenge is an exception. News trading is permitted during both the challenge and funded phases for Knight Pro. However, traders should remain mindful of the heightened risks when trading during major economic announcements or high-volatility events.
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, execution of pending limit 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 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 net profits made from trades executed within the restricted 4-minute window. On the third violation, the account will be breached entirely.
If you pass a phase during the challenge that violated the news rule and gain access to the next challenge phase, the profits from the trades will be deducted from the next challenge phase account balance. This applies to funded accounts as well. Additionally, this deduction will count as the first warning for that next phase account.
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 |
|
GBP UK100 UK500 |
|
EUR DAX30 FRA40 GER30 |
|
CAD |
|
AUD ASX200 |
|
CHF |
|
NZD |
|
JPY JPN225 |
|
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 avoid confusion, it is best to avoid trading the specific instruments affected during high-impact news releases.
Please note that no compensation will be provided for trades executed during these periods, so it is crucial to manage risk carefully.
In case of any questions, please feel free to reach out to us via live chat messenger.