Our Standard & Royal challenge is a two-phased evaluation with no time limits, whereas Rapid Challenge consists of a two-phased evaluation period where a simulated trader has 35 days for Phase 1, and 60 days for Phase 2, while our Knights Challenge consists of a one-phase evaluation with no time limits.
If you have any questions about simulated trading days or demo account expiration, please contact our support team via email at [email protected] or Virtual Chat, and we’ll be happy to request new demo account details for you to log back in with.
NOTE: All Phase 1 & 2, as well as simulated Funded Accounts, are routed through a simulated feed, therefore simulating real market conditions.
Inactivity Periods
Please note that all accounts in all phases will be limited to a 30-day inactivity period. This means that if a simulated trader does not log into their account for more than 30 consecutive days, the account will be deactivated.
Please note that:
Days are consecutive, not simulated trading days.
Activity means logging into the account, not necessarily taking positions.
If your account is inactive you will need to contact us via live chat or email and request new account details to log back in.
Virtual Profit Targets
Standard Challenge
Phase 1: 10% virtual profit target
Phase 2: 5% virtual profit target
Rapid Challenge
Phase 1: 8% virtual profit target
Phase 2: 5% virtual profit target
Royal Challenge
Phase 1: 8% virtual profit target
Phase 2: 5% virtual profit target
Knights Challenge
Phase 1: 10% virtual profit target
Phase 2: N/A
Virtual Drawdown Parameters
Standard Challenge
Virtual Daily Loss: 5% based on demo equity or demo balance (6% with Virtual Drawdown Add-On)
Virtual Max Overall Loss: 10% based on equity of initial demo account balance (12% with Virtual Drawdown Add-On)
Rapid Challenge
Virtual Daily Loss: 5% based on balance
Virtual Max Overall Loss: 8% based on equity of initial demo account balance
Royal Challenge
Virtual Daily Loss: 5% based on demo equity or demo balance
Virtual Max Overall Loss: 10% based on equity of initial demo account balance
Knights Challenge
Virtual Daily Loss: 3% based on demo equity or demo balance
Virtual Max Overall Loss: 6% based on a relative Virtual Drawdown (learn about relative Virtual Drawdown)
Minimum Simulated Trading Days
Standard Challenge: 3 minimum days
Rapid Challenge: 0 minimum days
Royal Challenge: 5 minimum days
Knights Challenge: 0 minimum days
Phase 1 to Phase 2 Transition Times
Standard Challenge: 24 hours
Rapid Challenge: 12 hours
Royal Challenge: 24 hours
Knights Challenge: N/A
Simulated Drawdown Reset Time
The simulated max daily drawdown resets every day at 5:00 PM EST. To ensure smooth functionality, we advise our simulated traders to not execute trades in between the window of 4:57 PM - 5:03 PM EST when the drawdown is being reset. Once your last simulated balance/equity (whichever is higher) is pulled for the trading day your dashboard will update with your new simulated Daily Breach Level. This is the amount your account simulated equity must stay above in order to not be breached.
For a more detailed look and explanation of all challenge rules, be sure to check out the video below.