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
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
Enabled on Wednesdays and Sundays
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 |