Our forex challenges DO NOT have any consistency rules. Our stock challenges do have a 30% consistency rule.
To promote responsible trading and ensure consistency across our trading challenges, we have implemented a rule for traders who wish to hold positions overnight. At the time of submitting a withdrawal request, no more than 30% of the profit balance in the account should be derived from a single trading day.
While there is no hard penalty for exceeding this threshold, traders will be unable to withdraw funds until their trading activity meets this consistency requirement. We encourage traders to continue trading in a consistent manner until the profit balance from any single trading day is less than or equal to 30% of the total profit balance. Withdrawal requests will then be approved.
This rule is designed to discourage erratic, high-risk trading strategies and ensure that profits are achieved through consistent trading performance.
For example: let's say a trader's account balance is $10,000, and they have a profit balance of $2,000. To comply with the 30% consistency rule, no more than 30% of the $2,000 profit balance, which is $600, should be from a single trading day.
Percentage of profit from a single day = (Profit from a single day/Total profit balance)ร100.