Phase 1: Evaluation
- Stage 1 is the first step of the Evaluation Process. You need to succeed here to advance into Stage 2. Prove your trading skills and discipline in observing the Trading Objectives.
- To pass Stage 1, the profit target must be met with no drawdown violations. Smart Funded Traders have unlimited time to complete this stage
- Profit target is 8%
- There is a minimum of 3 required trading days that you must trade.
- You will have an allowed max daily loss (drawdown) of 5% of your initial balance from your previous day ending balance or equity (whichever is higher).
- Your max daily loss equity level will recalculate each day at 5:00pm ET based on ending day (server time) balance or equity (whichever is higher).
- For example, if you start with a $100,000 account your max daily loss will be set at 5% ($5,000). If your ending day balance or equity (whichever is higher) is $102,000, then your daily loss limit equity level (the equity level at which your account breaches) will be $97,000. Profits made throughout the trading day will not affect your daily loss limit equity level and will act as a buffer.
- You will have an allowed max overall loss (drawdown) of 10% of the initial account balance you purchased. When calculating drawdown, we include all floating losses and profits.
- For example, if you start with a $100,000 account your max overall loss will be set at 10% ($10,000). This means your account should never go below $90,000 in equity at any given time. If a drawdown violation occurs, you will fail the evaluation and will have to purchase a new account.
Phase 2: Evaluation
- Stage 2 is the second and the last step towards a Smart Funded Trader funded account. Once you pass Stage 2 and your results are verified, you will be offered to trade for our proprietary trading firm.
- To pass Stage 2, the profit target must be met with no drawdown violations. Smart Funded Traders have unlimited time to complete this stage.
- Profit target is 5%
- There is a minimum of 3 required trading days that you must trade.
- You will have an allowed max daily loss (drawdown) of 5% of your initial balance from your previous day ending balance or equity (whichever is higher).
- Your max daily loss equity level will recalculate each day at 5:00pm ET based on ending day (server time) balance or equity (whichever is higher).
- For example, if you start with a $100,000 account your max daily loss will be set at 5% ($5,000). If your ending day balance or equity (whichever is higher) is $102,000, then your daily loss limit equity level (the equity level at which your account breaches) will be $97,000. Profits made throughout the trading day will not affect your daily loss limit equity level and will act as a buffer.
- You will have an allowed max overall loss (drawdown) of 10% of the initial account balance you purchased. We use a relative drawdown calculation which trails your current account balance by 10%, up until that 10% drawdown reaches your initial balance.
- For example, if you start with a $100,000 account your max overall loss will be set at 10% ($10,000). This means your account should never go below $90,000 in equity at any given time. If a drawdown violation occurs, you will fail the evaluation and will have to purchase a new account.
Rules & Targets:
- Phase 1 Profit target = 8%
- Phase 2 Profit target = 5%
- Daily DD = 5%, based on previous day equity or balance (whichever is higher)
- Max DD = You will have an allowed max overall loss (drawdown) of 10% of the initial account balance you purchased. When calculating drawdown, we include all floating losses and profits.
- Smart Funded Traders have unlimited time to complete both phases.
- Minimum Trading Days = 3 active trading days
- Profit Split = 80%
- Leverage = Forex 1:100, Indices 1:20, Commodities 1:40, Crypto 1:2
- EA’s = EA’s are allowed by default (Copy trading rules apply)
Trading Objectives
Step 1
Challenge
Step 2
Verification
Step 3
Smart Funded
Trader
Trading Period
UNLIMITED DAYS
UNLIMITED DAYS
INDEFINITE
Minimum Trading Days
3
3
X
Trading Leverage
1:100 Maximum Leverage
1:100 Maximum Leverage
1:100 Maximum Leverage
Maximum Daily Loss
5%
5%
5%
Maximum Overall Loss
10%
10%
10%
Profit Target
8%
5%
X
Refundable Fee
$xxx
FREE
Refund
Step 1
Challenge
Step 2
Verification
Step 3
Smart Funded
Trader
Trading Period
UNLIMITED DAYS
UNLIMITED DAYS
INDEFINITE
Minimum Trading Days
3
3
X
Trading Leverage
1:100 Maximum Leverage
1:100 Maximum Leverage
1:100 Maximum Leverage
Maximum Daily Loss
5%
5%
5%
Maximum Overall Loss
10%
10%
10%
Profit Target
8%
5%
X
Refundable Fee
$xxx
FREE
Refund
Step 1
Challenge
Step 2
Verification
Step 3
Smart Funded
Trader
Trading Period
UNLIMITED DAYS
UNLIMITED DAYS
INDEFINITE
Minimum Trading Days
3
3
X
Trading Leverage
1:100 Maximum Leverage
1:100 Maximum Leverage
1:100 Maximum Leverage
Maximum Daily Loss
5%
5%
5%
Maximum Overall Loss
10%
10%
10%
Profit Target
8%
5%
X
Refundable Fee
$xxx
FREE
Refund
Step 1
Challenge
Step 2
Verification
Step 3
Smart Funded
Trader
Trading Period
UNLIMITED DAYS
UNLIMITED DAYS
INDEFINITE
Minimum Trading Days
3
3
X
Trading Leverage
1:100 Maximum Leverage
1:100 Maximum Leverage
1:100 Maximum Leverage
Maximum Daily Loss
5%
5%
5%
Maximum Overall Loss
10%
10%
10%
Profit Target
8%
5%
X
Refundable Fee
$xxx
FREE
Refund
Step 1
Challenge
Step 2
Verification
Step 3
Smart Funded
Trader
Trading Period
UNLIMITED DAYS
UNLIMITED DAYS
INDEFINITE
Minimum Trading Days
3
3
X
Trading Leverage
1:100 Maximum Leverage
1:100 Maximum Leverage
1:100 Maximum Leverage
Maximum Daily Loss
5%
5%
5%
Maximum Overall Loss
10%
10%
10%
Profit Target
8%
5%
X
Refundable Fee
$xxx
FREE
Refund
Step 1
Challenge
Step 2
Verification
Step 3
Smart Funded
Trader
Trading Period
UNLIMITED DAYS
UNLIMITED DAYS
INDEFINITE
Minimum Trading Days
3
3
X
Trading Leverage
1:100 Maximum Leverage
1:100 Maximum Leverage
1:100 Maximum Leverage
Maximum Daily Loss
5%
5%
5%
Maximum Overall Loss
10%
10%
10%
Profit Target
8%
5%
X
Refundable Fee
$xxx
FREE
Refund
Smart Funded Trader Rules
01
5% Daily Drawdown
Your maximum daily loss (drawdown) will be limited to 5% of your daily starting balance or equity (whichever is greater).
02
10% Overall Drawdown
You will have an allowed max overall drawdown (loss) of 10% of the initial account balance you purchased. When calculating drawdown, we include all floating losses and profits.
03
PROFIT TARGETS
You will have an 8% profit target for Phase 1 and a 5% profit target for Phase 2.
04
3 MINIMUM TRADING DAYS
You will need to trade a minimum of 3 days during both Phase 1 and Phase two of the Smart Funded Trader Challenge.
05
NEWS TRADING
While news trading is permitted on Phase 1 and Phase 2, we have news restrictions for 2 minutes before and after the release of a red folder event on funded accounts.
06
SMART FUNDED TRADER
Remain a funded trader with our firm by maintaining your edge and adhering to our ongoing trading objectives and parameters that you must comply with.
Scaling Plan
- The scaling plan allows traders to grow their account size based on consistent performance, allowing them to increase their potential payouts over time.
- You must request to have your account reviewed every 3 months to see if you are eligible.
- To scale your account, you must be profitable for at least 2 out of 3 months and have an average of 6% profit or more over the 3-month period. You also should have requested and processed two withdrawals.
- Scale increases are 25% of the original starting account balance and can be earned all the way up to $2M USD.
