Overview
The Knight Pro Challenge offers traders a streamlined evaluation process designed to assess and enhance trading skills quickly. With its single-phase structure, traders can potentially receive their first payout anytime after acquiring the TFT Funded Account. This challenge stands out with a variety of features aimed at maximizing profitability and providing flexibility:
☑️ Anytime Payouts – Request a payout at any time.
☑️ 1-Step Challenge – Fast-track your progress with just one phase.
☑️ Strict Risk Management – Ensures better control over trades.
☑️ Largest Max Allocation – Up to 2,500,000 in total funded allocation.
☑️ Balanced-Based Daily Drawdown – Risk is calculated based on balance.
☑️ Daily Drawdown Soft Breaches: You’re allowed up to 3 soft breaches per phase. On the 3rd soft breach, the account will be permanently closed.
☑️ EA’s, trading bots, cBots & Trade Copiers Allowed.
☑️ Lowest Prices in the Industry – Competitive pricing for top-tier benefits.
☑️ Up to 99% Reward Split: Maximize your earnings with an industry-leading split.
☑️ News Trading Allowed – Trade during news events without limits.
The Knight Pro Challenge is ideal for traders seeking flexibility, enhanced risk management, and the opportunity to grow with the largest maximum allocation available.
Profit Target and Drawdown Rules
The Knight Pro Challenge consists of a single-phase evaluation process where traders have unlimited calendar days and no minimum trading days requirement to achieve a 10% profit target.
During the trading period:
Traders must not exceed the maximum 3% daily drawdown, the threshold is set based on 3% of the initial balance minus the starting day's balance.
The maximum allowable relative drawdown is 8% from the starting balance of the account.
Traders are required to satisfy the Daily March rule which requires them to achieve 3 profitable trading days during the challenge phase.
A profitable day is when a trader achieves a minimum daily profit of 1% to fulfill the requirement during the challenge phase.
Daily Drawdown
Maximum Daily Loss | 3%
In the course of one working day, the maximum daily drawdown on the account (which consists of the simulated account’s current result of opened positions and the result of positions closed on the given day) must not exceed 3% of the account's initial balance. Please note this includes simulated commissions and swap fees.
Note: This is considered a soft-breach, meaning that your account will be paused for the day, and trading will be disabled until 5pm EST. Shortly after that time your account will be re-enabled, allowing you tor resume trading.
New Soft Breach Limit Policy (Effective April 25, 2025)
To ensure fairness and reduce misuse, you’re allowed up to 3 soft breaches per phase. On the 3rd soft breach, the account will be permanently closed. This policy applies from April 25, 2025 onward and starts with a clean slate. Any past soft breaches will not be counted.
Email notifications will continue after each breach, detailing the time, level breached, account re-enable time, total number of breaches, and remaining warnings.
Additionally, we utilize a reconciliation module that reviews for breaches on the following day to add an additional layer of verification for any breach activity.
Additionally, we utilize a reconciliation module that reviews breaches the following day to provide an extra layer of verification.
Overall Drawdown
Relative Drawdown | 8%
The maximum total drawdown is trailing 8% of the account balance.
Once the trader reaches an account balance (or HWM) that is equal to or higher than the amount of max drawdown they have then the overall drawdown is locked in at the original demo account balance.
Please note that the drawdown is calculated based on PnL to include both open and closed positions, as well as simulated commissions and swaps.
High Watermark (HWM): The High Watermark represents the highest balance that the account has reached based on all closed trades. The maximum relative drawdown is always trailing from this HWM value until the max relative drawdown gets fixed at the initial balance once the balance (or HWM) is equal to the starting balance plus the max drawdown percentage amount.
Example: For instance, in a Knight Pro Challenge with a 100K account and a 8% maximum relative drawdown, once the balance (or HWM) reaches 108K, the max relative drawdown will be fixed at the initial balance of 100K going forward.
Note: When you make a withdrawal from the TFT funded account it reduces the virtual Relative Drawdown by the same amount. For example, if your Simulated account is at 109,000 and you withdraw 7,000. You will only have a 2,000 drawdown left to trade as the account has relative drawdown.
Max DD locks at starting balance after HWM >= Starting Balance + (Starting Balance x Max Loss %)
Reset Time
The max daily drawdown resets every day between 4:57 PM - 5:03 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 virtual balance/equity (whichever is higher) is pulled for the trading day your dashboard will update with your new daily breach level. This is the amount your account equity must stay above in order to not be breached.
What is the Daily March Rule and how is it calculated?
The Daily March Rule is designed to reward consistent profitability over a series of trading days. Here’s how it works:
You are required to hit a specific daily profit target, usually 1% of your account balance, and do this for a certain number of days (e.g., 3).
Only end of day equity count toward satisfying a Daily March day.
The metric used is end-of-day equity vs. the previous day’s end-of-day equity.
Example: Let’s say you’re trading a $100,000 account, and your required daily target is 1%, or $1,000.
Your previous day’s end-of-day equity was $99,000.
To count the next day as a “Daily March” day, your new end-of-day equity (after all trades are closed) must be at least $100,000.
Even if you had a trade running in profit during the day, it will only count once the day has closed and your equity reflects the gain.
Note: Floating profits do not count. Also, taxes, commissions, or swaps may reduce your final closed profit. Be sure to account for these when planning your trades.
Understanding Daily Loss Cap Soft Breaches: Tick-Based Rebalancing
To maintain fairness and accuracy, particularly during volatile market conditions or when slippage impacts trade execution, The Funded Trader utilizes a precise method called Tick-Based Rebalancing when handling soft breaches of the Daily Loss Cap.
What Happens During a Daily Loss Cap Soft Breach?
If your account equity drops below the Daily Loss Cap limit allowed for your specific challenge (e.g., 3% of the starting balance), this constitutes a soft breach. When this occurs, our system will automatically disable trading on your account for the remainder of that trading day.
How Rebalancing Works (Updated Logic):
Previously, if a soft breach occurred due to factors like slippage causing your equity to close below the limit, the account balance might have been adjusted back up to the exact Daily Loss Cap level.
Our updated Tick-Based Rebalancing system works differently:
The system identifies the exact moment (down to the "tick") that your account equity first crossed below the Daily Loss Cap threshold.
It records your precise account equity value at that specific moment.
Your account balance will then be adjusted to this specific tick-level equity value, rather than being automatically restored to the fixed Daily Loss Cap threshold.
Example:
You are trading a $100,000 Royal Pro or Knight Pro account.
Your Daily Loss Cap level for the day is $95,000.
Due to a sudden market move and slippage, your position is closed, and your equity drops to $94,000.
Our system analyzes the trade data and determines that at the exact tick your equity first fell below $95,000, the value was $94,975.
Result: Your account balance will be rebalanced and set to $94,975, reflecting the equity at the moment of the breach, not automatically adjusted back up to $95,000.
Why This Approach?
This tick-based method provides a more precise adjustment that accurately reflects market conditions at the moment of the breach. It ensures fairness for all traders and prevents the Daily Loss Cap from being potentially exploited as a guaranteed stop-loss during extreme volatility or market gaps.
News Trading
News trading is permitted for the Knight Pro Challenge. Traders are allowed to open and close trades around major economic announcements or high-volatility events. However, it’s important to be mindful of the risks associated with trading during these periods, as market conditions can become unpredictable.
!Note - while news trading is allowed, no compensation will be provided for any losses incurred during such events. Proper risk management is highly recommended.
💵 Payouts and Bonus Processing
Upon successfully completing the Knight Pro Challenge, traders become eligible to request payouts based on their current tier, with initial withdrawals subject to specific conditions outlined in our Payout Policy Guide.
To maintain payout eligibility:
The account must be in profit by at least 0.25% of its original size to initiate a withdrawal.
The maximum withdrawal for your first payout is capped at 0.50% of the starting balance, with a 5% cap applied to the second payout and 10% cap applied to all subsequent payouts.
Your profit split percentage is determined by your current tier, which updates based on your payout history.
For full details on how tiers and payout limits work, please review the Payout Policy & Scaling Guide.
Note: Knight Pro Challenge is not eligible for the bonus payout, as per our current policy. For more information, please refer to this article.
Holding Trades & Crypto Weekend Trading
Challenge Type (Phase & Funded Accounts): | Hold Trades Overnight (Mon-Fri): | Hold Trades Over Weekend: | Weekend Crypto Trading: |
Knight Pro Challenge | Yes | Yes | Yes |
Frequently Asked Questions
Q: How does the 3-day minimum trading rule work if I am swing trading and holding a position for at least 3 days?
A: The 3-day minimum rule, or “Daily March,” requires at least 1% profit for three separate days. To satisfy this rule, the difference between your starting day equity and ending day equity must reach 1% of your starting balance for three separate days.
Q: Do the three trading days with a minimum of 1% profit have to be consecutive?
A: No, the three trading days do not need to be consecutive. You can meet this requirement over the course of your challenge without having to make profits on consecutive days.
Q: Can I hold trades over the weekend in the Knight Pro Challenge?
A: Yes, you are allowed to hold trades over the weekend in the Knight Pro Challenge.
Q: Is a stop-loss required in the Knight Pro Challenge?
A: No, there is no requirement to use a stop-loss in the Knight Pro Challenge.
Q: What leverage does the Knight Pro Challenge offer?
A: The challenge offers 1:30 leverage on Forex, 1:10 on gold and commodities, 1:5 on indices, and 1:1 on crypto. For more details, check out this article: Leverage Details.
Q: What happens if I hit multiple soft breaches under the daily drawdown rule?
A: Soft breaches are limited to 3 per phase. If you reach the 3rd soft breach, your account will receive a hard breach, resulting in permanent disablement. You'll still be notified after each soft breach via email, and the counter resets with each new phase. Past soft breaches won’t be counted under this new rule.
Weekend Crypto Trading & Maintenance Schedule
For Weekend Crypto Trading Hours and Maintenance Schedule, please follow this article for more details.
How do payouts work for TFT Funded Knight Pro Accounts?
When you make a withdrawal from the TFT funded Knight Pro account it reduces the balance by the same amount. For example, if your account is at 108,000 and you withdraw 6,000. Your new balance will be 102,000. This will leave you with 2,000 of max drawdown, as the max relative drawdown is set to initial balance in this case.
Note: TFT Funded Knight Pro Accounts, it is important to always leave a buffer on the account as this buffer will act as your max loss limit.
Example 1: If your TFT Funded Knight Pro account is at 108,000 and you withdraw 8,000. You will have 0 of drawdown left to trade as the account has max relative drawdown set to initial balance. In this example the account will be breached.
Example 2: If your TFT Funded Knight Pro account is at 108,000 and you withdraw 5,000. You will have 3,000 drawdown left to trade as the account has max relative drawdown set to initial balance. In this example, the account will not be considered breached.
Example 3: If your TFT Funded Knight Pro account is at 102,000 and you withdraw 2,000. You will have 6,000 drawdown left to trade as the account has relative drawdown. In this example, the account will not be considered breached.
Example 4: If your TFT Funded Knight Pro account is at 110,000 and you withdraw 9,000. You will only have a 1,000 drawdown left to trade as the account has max relative drawdown set to initial balance. In this example, the account will not be considered breached.
Example 5: If your TFT Funded Knight Pro account is at 101,000 and you withdraw 1,000. You will have 7,000 drawdown left to trade as the account has relative drawdown. In this example, the account will not be considered breached.
Violations
Any violation of the rules above will result in the termination of your TFT Funded Knight Pro 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 & swap fees.
Any breach of the overall drawdown rules may result in account termination, disqualifying
Knight Pro Challenge Pricing
Account Size | Price |
$5k | $42 |
$10k | $64 |
$25k | $119 |
$50k | $179 |
$100k | $349 |
$200k | $649 |
Note: All Phase 1, 2, 3, and TFT Funded Accounts are routed through a simulated feed to simulate real market conditions.