All Collections
Simulated Challenge Accounts
Royal Challenge
A Comprehensive Guide to The Funded Trader Royal Challenge
A Comprehensive Guide to The Funded Trader Royal Challenge

Explore the Royal Challenge: An Overview of Account Sizes and Pricing Tiers.

Updated over a week ago

Overview

The Royal Simulated Challenge is a new two-phased program that we believe will hugely impact our community as it will empower them to use the trading tools that they prefer.

As of July 17th, 2023, all Royal challenges purchased since July 17 will be eligible for unlimited simulated trading days. If you move to phase 2 or get a retry following July 24 you will have simulated unlimited days on old accounts purchased before July 17.

The most important things to note about this challenge are:

  • No lot size limits

  • EAs are enabled

  • Lower simulated profit target of 8%

  • Holding over the weekend is allowed

  • Simulated Daily drawdown is calculated with simulated equity and balance

  • Unlimited simulated trading days for accounts purchased on or after July 17, 2023

  • Note: Starting October 6, 2023, if you select the 14-day add-on when purchasing the Royal Challenge, you can request your first eligible payout in as little as 14 days

Objectives

Royal Simulated Challenge Phase 1

  • 8% simulated Profit Target

  • Simulated Max. 5% Daily Drawdown (Daily floating loss + closed loss)

  • Simulated 10% Max. Initial Deposit Drawdown

  • Minimum Simulated Trading Days: 5

  • Maximum Simulated Trading Days: Unlimited

Royal Simulated Challenge Phase 2

  • 5% Simulated Profit Target

  • Simulated Max. 5% Daily Drawdown (Daily floating loss + closed loss)

  • Simulated 10% Max. Initial Deposit Drawdown

  • Minimum Simulated Trading Days: 5

  • Maximum Simulated Trading Days: Unlimited

Royal Simulated Challenge Funded

  • NO Simulated Profit Target

  • Simulated Max. 5% Daily Drawdown (Daily floating loss + closed loss)

  • Simulated 10% Max. Initial Deposit Drawdown

  • After signing and submitting the contract, your account will be enabled to trade within 24 hours (excluding weekends).

NOTE: All Phase 1 & 2, as well as simulated Funded Accounts, are routed through a simulated feed, therefore simulating, real market conditions.

200k Simulated Challenge Example

In the case of a $200k simulated funds demo account, you must not have a $10,000 simulated funds, simulated drawdown based on your simulated balance or equity (whichever is higher) on your trading account within a 24-hour period starting at 5pm EST.

Pricing

Account Size

Price

First Payout Bonus Refund

$50,000 virtual currency

$289

$289

$100,000 virtual currency

$489

$489

$200,000 virtual currency

$939

$939

$300,000 virtual currency

$1,399

$1,399

$400,000 virtual currency

$1,869

$1,869

Did this answer your question?