Challenge accounts

Challenge Rapid and Challenge Steady: rules, targets, resets

14 articles

What is the difference between Challenge Rapid and Challenge Steady?Same one-step challenge, same target. Rapid is a low monthly subscription with no daily loss limit; Steady is a one-time payment with a soft daily limit and activation included.Is it a one-step challenge?Yes. Every Ftytrade challenge has a single phase: reach the target within the rules and your Funded account is activated.Which account sizes are available?Four sizes in every program: $25K, $50K, $100K and $150K. Contracts and limits scale with the size you choose.What is the profit target?The target is the balance you must reach to pass your challenge: 6% of the account size on Challenge Rapid and Challenge Steady.The target is the balance you must reach to pass your challenge: 6% of the account size on Challenge Rapid and Challenge Steady.Is there a minimum number of trading days?Yes, but it is small: 1 trading day on Challenge Rapid and 3 on Challenge Steady. Funded and Fty Direct accounts have no minimum.Is there a time limit to pass?No. Take as long as you need. Challenge Steady has no time limit at all; Challenge Rapid stays active as long as your monthly subscription is active.What is the Max Drawdown and how is it calculated?The Max Drawdown is the maximum your balance may fall from its highest end-of-day level: 3% on challenges and Funded accounts, 5% on Fty Direct. It is calculated once a day, at the end of the session.What is the Daily Drawdown?The Daily Drawdown (Daily Loss Limit) is a soft limit on how much you can lose in a single trading day. Hitting it pauses trading until the next session; the account is not lost.The Daily Drawdown (Daily Loss Limit) is a soft limit on how much you can lose in a single trading day. Hitting it pauses trading until the next session; the account is not lost.What is the Consistency rule?Your single best day may not represent more than 40% of your total results (30% on Fty Direct). It rewards steady trading over one lucky day.Which instruments can I trade?All CME Group futures: indices, energy, metals, currencies, interest rates, agriculture and crypto, including micro contracts.What happens if I break a rule?The account is closed automatically and you receive an email with the reason. On Challenge Rapid and Challenge Steady you can reset instantly and start again.Can I reset my challenge?Yes. Challenge Rapid and Challenge Steady can be reset from your dashboard for the price shown. The new account appears instantly, with no waiting.Yes. Challenge Rapid and Challenge Steady can be reset from your dashboard for the price shown. The new account appears instantly, with no waiting.What happens when I pass the challenge?You receive an activation email, your Funded account is created with the same number, and you can start trading for payouts with an 80% split.Can I trade several challenges at the same time?Yes. You can run as many challenges as you want at once, in any program and size. Each one is fully independent.