Overview
As of October 6th, 2023, Rapid Challenge will have unlimited simulated trading days.
The Rapid Challenge is a two-step evaluation program in which you can get your first payout in as little as 20 days! Traders are able to sign up for this challenge using a $5K, $10K, $25K, $50k, $100k, or $200k simulated funds account. Simply choose the amount of simulated funds you would like to manage and pass the evaluation by meeting the Trading Objectives during Phase-1 and Phase-2 of the evaluation.
With the Rapid Challenge, there are no minimum simulated trading days on your evaluation. Your first simulated profit split is eligible after 14 days once you earn your simulated funded account. You will also have the opportunity to scale your simulated profit split percentages with each corresponding payout.
Retries are not provided for our Rapid Challenge (purchased after October 6th, 2023) as these will be eligible for Unlimited Simulated Trading days. If you move to phase 2 or get a retry following October 6th, you will have unlimited days on old accounts purchased before October 6th.
Note: A profit split means you are paid based on data which is measured by simulated profit)
Objectives
Rapid Challenge Phase 1
8% simulated Profit Target
Max. simulated 5% Daily Drawdown (Daily floating loss + closed loss)
Simulated 8% Max. Initial Deposit Drawdown
Minimum Simulated Trading Days: 0
Unlimited simulated trading days
Rapid Challenge Phase 2
5% simulated Profit Target
Max. simulated 5% Daily Drawdown (Daily floating loss + closed loss)
Simulated 8% Max. Initial Deposit Drawdown
Minimum Simulated Trading Days: 0
Unlimited simulated trading days
NOTE: All Phase 1 & 2, as well as Simulated Funded Accounts, are routed through a simulated feed, therefore simulating, real market conditions.
Rapid Challenge Simulated Funded
NO simulated Profit Target
Max. simulated 5% Daily Drawdown (Daily floating loss + closed loss)
Simulated 8% Max. Initial Deposit Drawdown
Pricing
Account Size | Price | First Payout Bonus |
$5000 virtual currency | $79 | $79 |
$10,000 virtual currency | $129 | $129 |
$25,000 virtual currency | $229 | $229 |
$50,000 virtual currency | $299 | $299 |
$100,000 virtual currency | $499 | $499 |
$200,000 virtual currency | $899 | $899 |
Withdrawals
Receive an 80% simulated profit split at the end of every 14-day period (counted from the first trade after the last withdrawal).
If you purchased an account with a special profit promotion, that percentage will be the account's base simulated profit split.
i.e. If an account was purchased with a 90% promotion, the account's simulated profit split will remain at 90% for all subsequent withdrawals.