Standard Challenge Overview
As of July 8th, 2023, TFT's Standard Challenge got a major upgrade where those who purchase an account after this date will benefit from the following changes:
Unlimited simulated trading days
Lower prices on all Standard Simulated Challenge demo accounts with virtual add-on purchases available
Default simulated Max loss of 10% and simulated Daily Loss of 5%, with the ability to purchase a Drawdown add-on for a 12% simulated max and 6% simulated daily drawdown on the demo account
The ability to purchase an EAs add-on, allowing you to use EAs on the demo account
Demo Accounts Purchased Before July 8th, 2023
If you purchased an demo account prior to July 8th, 2023, then your Standard Simulated Challenge demo account will remain as it was when you first purchased it, meaning your simulated max drawdown will remain at 12%, your simulated daily drawdown will remain at 6%, and you will have 35 days to complete Phase 1 and 60 days to complete Phase 2.
Details of the updated Standard Simulated Challenge and the virtual add-ons that are available for this demo challenge account are provided below.
Rules for the TFT Standard Simulated Challenge
Challenge Time Limit
The Standard Simulated Challenge consists of a two-phased evaluation process where a trader has unlimited simulated trading days to complete both phases of the challenge.
Minimum Trading Days
You must trade a minimum of 3 trading days in order to pass the challenge, though there is no time limit on achieving the simulated profit target for either phase
As the Standard Challenge will now have no time limits, there will be no free retries for Phase 1 or Phase 2 Standard Challenge demo accounts as there is no longer a limit to your simulated trading period.
Phase 1 has a simulated profit target of 10%
Phase 2 has a simulated profit target of 5%
Simulated Drawdown: No Virtual Add-On Purchased
If you did not purchase the simulated Drawdown add-on for the Standard Simulated Challenge, then:
Your maximum simulated daily drawdown will be 5% simulated equity at any time based on the starting day's simulated balance or simulated equity of your demo account (whichever is higher)
Your maximum total equity simulated drawdown will be 10% from the starting simulated balance of the demo account
Simulated Drawdown: Virtual Add-On Purchased
If you did purchase the simulated Drawdown add-on for the Standard Challenge, then:
Your simulated maximum daily drawdown will be 6% simulated equity at any time based on the starting day's simulated balance or equity of your demo account (whichever is higher)
Your simulated maximum total equity drawdown will be 12% from the starting simulated balance of the demo account
NOTE: All Phase 1 & 2, as well as simulated Funded Accounts, are routed through a simulated feed, therefore simulating real market conditions.
Switching Standard Add-on Account Types
After a successful purchase, we do not permit clients from switching an existing Standard Challenge with no virtual add-ons to a Standard Challenge with simulated add-ons, and vice versa.
In the event you wish to switch your account type for the Standard Challenge to have an virtual add-on after purchasing a Standard Challenge with no simulated add-on, please reach out to our support team via live chat or through email at [email protected] to put in a refund request where we will refund you for your initial purchase and you can purchase a new account with simulated add-ons.
Please note that in order to receive a refund on your account, you must not have placed any trades on it.
Any violation of the rules above will result in the termination of your demo trading account and you will not be eligible to move forward in the program with that account. Traders are more than welcome to start over by joining the program with a new demo trading account.