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 in as little as 7 days 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.
☑️ Soft Breach for Daily Drawdown – Daily drawdown won’t trigger a hard breach.
☑️ Lowest Prices in the Industry – Competitive pricing for top-tier benefits.
☑️ VIP Program – Enjoy up to 95% payout split for top traders.
☑️ 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 5% daily drawdown, calculated based on the starting day's higher 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 0.25% to fulfill the requirement during the challenge phase.
Daily Drawdown
Maximum Daily Loss | 5%
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 5% of the account's initial balance. Please note this includes simulated commissions and swap fees.
Note: This is considered a soft-breach, meaning you will still be allowed to trade but will need to remain cautious. 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.
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.
Knight Pro Challenge VIP Program
The Knight Pro Challenge rewards high-performing traders with access to the VIP Program, offering exclusive perks such as a 95% profit split and priority access to scaling opportunities. As a VIP, you also gain personalized support and additional benefits like accelerated payouts and dedicated account management to help you grow your funded accounts even faster. For more information, check out the full details in this VIP Program 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: Regarding the Steadfast Gains Rule in the Knight Pro Challenge, if I make $5,000 in a single trade on a $100k account, will I be able to withdraw it?
A: No, you will not be able to withdraw immediately. You can only withdraw once that $5,000 is 50% or less of your total net profit. This means your total net profit would need to be at least $10,001 before you can withdraw.
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 0.25% profit for three separate days. To satisfy this rule, the difference between your starting day equity and ending day equity must reach 0.25% of your starting balance for three separate days.
Q: Do the three trading days with a minimum of 0.25% 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, and how does the Steadfast Gains Rule impact swing trades?
A: Yes, you are allowed to hold trades over the weekend in the Knight Pro Challenge. However, the Steadfast Gains Rule may affect swing traders if their largest trading day exceeds 50% of their total net profits. If this happens, you’ll need to continue trading until your profits are balanced before you can withdraw.
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 breach the Steadfast Gains Rule?
A: If your largest trading day exceeds 50% of your total net profits, you will not be able to withdraw until your largest day’s profit is less than 50% of your total net profits.
This section should integrate well into your FAQ article and includes the summary, link to the examples, and the refined FAQs for easy access and clarity. Let me know if you need further adjustments!
Weekend Crypto Trading & Maintenance Schedule
For Weekend Crypto Trading Hours and Maintenance Schedule, please follow this article for more details.
Payouts and Bonus Processing
Upon successfully completing the Knight Pro Challenge, traders are eligible to request an 80% payout at any time, contingent upon meeting the Steadfast Gains rule. To maintain eligibility for payouts, it is crucial that no single day's profit exceeds 50% of the current net profit.
Please note, upon achieving VIP status, this payout percentage can increase to 95%.
Steadfast Gains Rule
During the funded stage, a 50% Steadfast Gains score applies, meaning that the largest winning day cannot exceed 50% of your total net profits. This rule is specific to the funded stage to ensure trading consistency and effective risk management.
In the Knight Pro Challenge, the Steadfast Gains Rule ensures that no single trading day’s profit exceeds 50% of your total net profits. Additionally, if a trader makes a profit on the day they withdraw, that day’s profit will automatically become their new largest trading day for the next cycle, unless they achieve a larger profit day in subsequent trading. This ensures that gains achieved on withdrawal days are accounted for in maintaining trading consistency.
To help clarify this rule and edge cases like the one described, we’ve created detailed examples for different account sizes so you can better understand how the rule applies to your trading journey.
For a full breakdown of these examples, you can view the PDF here:
Violations
Any breach of the overall drawdown rules may result in account termination, disqualifying the trader from further participation in the program.
Knight Pro Challenge Pricing
Account Size | Price |
$5k | $65 |
$10k | $105 |
$25k | $195 |
$50k | $295 |
$100k | $495 |
$200k | $945 |
Note: All Phase 1, 2, 3, and TFT Funded Accounts are routed through a simulated feed to simulate real market conditions.