Overview
The Dragons Challenge is a three-step evaluation program designed to test the full range of your skills in which you can get your first payout in as little as 7 days after passing all phases!
This challenge offers traders an opportunity to scale up to 95% payout with our Dragon Egg Plan and offers a 75% payout initially!
Choose from a variety of account sizes, starting from $5K up to $100K in funds. Simply choose the amount of simulated funds you would like to manage and pass the evaluation by meeting the Trading Objectives during Phase-1 Phase-2 & Phase 3 of the evaluation.
Now receive a 95% payout percentage by selecting the '95% Add-on' at the checkout page for an additional 20% of the challenge fees.
Note: A payout means you are paid based on data which is measured by profit.
What Are The Main Features Of The TFT Dragons Challenge?
Scaling Benefits: Participants are eligible to scale up to 95% with the Dragon Egg scaling plan. (details to be announced soon)
Drawdown Limits: Maintain an overall drawdown limit of 10%, with a daily drawdown not exceeding 5% to ensure adequate risk management.
The below table goes into more depth about the specifics of the Dragon Challenge:
| Phase 1 | Phase 2 | Phase 3 | Funded |
Profit Target | 8% | 5% | 5% | N/A |
Daily DD | 5% | 5% | 5% | 5% |
Overall DD | 10% | 10% | 10% | 10% |
Max Days | Unlimited | Unlimited | Unlimited | Unlimited |
Payout | N/A | N/A | N/A | 75% First Upon Payout |
EAs | Yes | Yes | Yes | Yes |
Weekend Trading | No | No | No | No |
News Trading | No | No | No | No |
Leverage
Please find the permitted leverage for the Dragons Challenge in the table below:
Asset Type | Leverage |
Forex | 1:100 |
Crypto | 1:1 |
Metals & Commodities | 1:30 |
Indices | 1:20 |
How Much Does The Dragons Challenge Cost?
Account Size | Price |
$5k | $49.00 |
$10k | $99.00 |
$25k | $135.00 |
$50k | $205.00 |
$100k | $355.00 |
Payouts
Receive an 75% payout after passing all phases at the end of every 7-day period (counted from the first trade after the last withdrawal).
If you purchased an account with a special payout promotion, that percentage will be the account's base payout.
i.e. If an account was purchased with a 90% promotion, the account's payout will remain at 90% for all subsequent withdrawals.
This challenge offers traders an opportunity to scale up to 95% payout with our Dragon Egg Plan.
Receive a 95% payout after passing all phases at the end of every 7-day period (counted from the first trade after the last withdrawal) if '95% Add-on' option was selected at the checkout page.
What Happens If I Exceed The Drawdown Limits?
Adhering to the specified drawdown limits is crucial. If the drawdown exceeds the set parameters, the evaluation account will be breached and placed into Read Only mode.
Can I Retake The TFT Dragons Challenge If I Fail A Phase?
Yes, participants have the opportunity to retake the challenge after failing a phase by purchasing it again. Be sure to utilize the discount code in your email inbox which you will receive after failing a challenge. Do not be disheartened, use this experience to refine your strategy and aim for success in your retry!
How Do I Track My Progress In The TFT Dragons Challenge?
Regularly monitor your trading progress through your TFT dashboard, where you'll find real-time updates on your account performance, drawdown, and profit targets.
How Long Do I Have to Pass the TFT Evaluation Process for the Dragon Challenge?
Process and timeline for receiving capital after passing the Dragon Challenge
Upon meeting the profit target for Phase 1, you will be issued your Phase 2 account 6 hours later. The moment you meet the simulated profit targets for Phase 2, you will be issued your Phase 3 account 6 hours later.
The moment you meet the profit targets for Phase-3, you can begin verifying your documents and signing the agreement in order to enable your Dragon Challenge Funded Account within 24 hours.
NOTE: All Phase 1,2&3, as well as Funded Accounts, are routed through a feed, therefore simulating real market conditions.
Understanding Max Daily and Total Drawdown in the Dragon Challenge
Daily Drawdown
Maximum Daily Loss | 5%
In the course of one working day, the maximum daily drawdown on the account (which consists of the account’s current result of opened positions and the result of positions closed on the given day) must not exceed 5% of the initial demo balance of the account. Please note this includes commissions.
Note: We also utilize a reconciliation module that reviews breaches the following day to add an additional layer of verification for any breach activity.
Reset Time
The max daily drawdown resets every day between 4:57 PM - 5:03 PM EST. To ensure smooth functionality, we advise our 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 balance is pulled for the trading day, your dashboard will update with new Daily Breach Level. This is the amount your account equity must stay above in order to not be breached.
Max Drawdown
Maximum Total Drawdown | 10%
The maximum total drawdown is 10%. Therefore, the equity of the account must not fall below 90% of the initial demo account balance both for open and closed positions, including commissions and swaps.
The following chart shows the daily drawdown loss and overall max loss by account size for the Dragon Challenge.
Account Size | Daily Drawdown Loss | Overall Max Loss |
5,000 | 250 | Equity/Balance must not drop below $4,500 |
10,000 | 500 | Equity/Balance must not drop below $9,000 |
25,000 | 1,250 | Equity/Balance must not drop below $22,500 |
50,000 | 2,500 | Equity/Balance must not drop below $45,000 |
100,000 | 5,000 | Equity/Balance must not drop below $90,000 |
Note: We also utilize a reconciliation module that reviews breaches the following day to add an additional layer of verification for any breach activity.
Violations
Any violation of the rules above will result in the termination of your TFT trading account and you will not be eligible to move forward in the program with that account.
Note: both the daily drawdown and max drawdown breach on an account include commissions and swap fees (termed as 'financing on DXtrade platform)
Our outsourced system, on a regular cadence, gathers the required tick data from our Trading Platform provider to calculate drawdown violations. Real-time equity tracking is not technologically feasible and thus what is displayed on the dashboard is provided 'as-is' and solely for informational purposes. Therefore, we deploy a proprietary reconciliation system intended to identify discrepancies in account drawdown calculations. This reconciliation system runs each day, using the prior periods data, to identify drawdown violations. Based on reconciliation system results, TFT may in its sole discretion undertake and execute the rejection of payouts if the drawdown violation occurred prior to a payout request, termination of funded or challenge accounts identified to have violated their drawdown in a prior period, and termination of funded or challenge accounts that were upgraded, merged, or scaled from a funded or challenge account that violated their drawdown parameters. TFT exercises its right to take and implement without prior notice one or more of the firm actions referenced above, in accordance with our customer agreement and Terms of Use.
NOTE: All Phase 1, 2 and 3, as well as TFT Funded Accounts, are routed through a feed, therefore simulating real market conditions.
Where Do I Go If I Have More Questions?
If you have additional questions, our dedicated support team is readily available to assist you. You may email your inquiry to [email protected] or visit our website to submit a ticket for assistance. We're here to help!