2-Step PRO Challenge
For Phase I:
- Achieve an 8% profit target from your starting balance
- 5% Max Daily Loss Limit (hard breach)
- 10% Max Loss Limit (hard breach)
- Maximum Trading Days = Unlimited
- Minimum 3 Profitable Trading Days
- All Drawdown is Static Drawdown (Not Trailing)
- EA?s Allowed (must be your own EA and not used by other traders placing the same trades)
- Stop-Loss required for each trade, unless add-on purchased (soft breach)
- Must place a trade at least once every 30 days (hard breach)
- Must not violate any of our prohibited trading strategies
Phase II:
- Achieve a 5% profit target from your starting balance
- 5% Max Daily Loss Limit (hard breach)
- 10% Max Loss Limit (hard breach)
- Maximum Trading Days = Unlimited
- Minimum 3 Profitable Trading Days
- All Drawdown is Static Drawdown (Not Trailing)
- EA?s Allowed (must be your own EA and not used by other traders placing the same trades)
- Stop-Loss required for each trade, unless add-on purchased (soft breach)
- Must place a trade at least once every 30 days (hard breach)
- Must not violate any of our prohibited trading strategies
Specification
- No stocks available
- Leverage on challenge account: Can be found here; https://help.toponetrader.com/en/articles/8318931-what-is-the-leverage
- To help protect your account, should your daily loss exceed 2% on open trades from any one symbol, or 2.5% on open trades for all symbols, EquityShield will automatically close out your trades in most cases
- A profitable day is when all closed positions for the day made a net profit of at least 0.5% of the initial balance.
Example: On a $10,000 account, that would be $50 - At 5pm EST each day, we take the higher figure of either the account balance or account equity and subtract 5% of your initial balance to determine the daily loss limit for the new day.
- Trading platforms available: Match Trader, Trade Locker, cTrader.Special note for traders using the cTrader Platform:
?cTrader strictly prohibits U.S. traders. Any trader logging into the cTrader platform from a U.S. ip address will have their accounts immediately hard breached.For restricted trading strategies, please view our article here.
1-Step FLASH Challenge
- Achieve a 10% profit target from your starting balance
- 4% Max Daily Loss Limit (hard breach)
- 7% Max Trailing Drawdown (hard breach)
- Maximum Trading Days = Unlimited
- Minimum 3 Profitable Trading Days
- EA?s Allowed (must be your own EA and not used by other traders placing the same trades)
- Stop-loss required for each trade, unless add-on purchased (soft breach)
- Must place a trade at least once every 30 days (hard breach)
- Must not violate any of our prohibited trading strategies.
Specifications
- No stocks available
- Leverage on challenge account: Can be found here; https://help.toponetrader.com/en/articles/8318931-what-is-the-leverage
- To help protect your account, should your daily loss exceed 2% on open trades from any one symbol, or 2.5% on open trades for all symbols, EquityShield will automatically close out your trades in most cases
- A profitable day is when all closed positions for the day made a net profit of at least 0.5% of the initial balance.
Example: On a $10,000 account, that would be $50. - At 5pm EST each day, we take the higher figure of either the account balance or account equity and subtract 4% of your initial balance to determine the daily loss limit for the new day.
- When you withdraw your gains on your 1-Step account, Top One Trader will also withdraw its share of the gains, and your maximum drawdown will lock in at your starting balance and remain static no matter how much you grow your account.
- Trading platforms available: Match Trader, Trade Locker, cTraderSpecial note for traders using the cTrader Platform:
cTrader strictly prohibits U.S. traders. Any trader logging into the cTrader platform from a U.S. ip address will have their accounts immediately hard breached.For restricted trading strategies, please view our article here.
Instant Funding Rules:
- Profit Target: No specific profit target; traders can withdraw profits as they accrue.
- Max Trailing Drawdown: Starts at 6% of the initial balance and trails the account balance until a 6% gain is achieved, at which point it locks at the starting balance.
- Stop-Loss Requirement: A stop-loss must be set immediately upon entering each trade. Failure to do so results in a soft breach, and the trade will be automatically closed.
- Expert Advisors (EAs): The use of EAs or automated trading systems is prohibited. All trades must be executed manually.
- Copy Trading: Copy trading from any account, whether owned by you or others, is not allowed. All trades must be placed manually without replication from other sources.
- News Event Trading: Opening or closing trades is prohibited from 5 minutes before to 5 minutes after high-impact news events. Holding trades through these periods is allowed if they were opened more than 5 hours prior, but caution is advised due to potential slippage.
- Weekend Trading: Trades must be closed by Friday 4:30 PM EST. Holding trades over the weekend is not permitted unless the ‘Weekend Holding’ add-on is purchased. Cryptocurrency trades can be opened after Friday 7 PM EST and held over the weekend.
- Maximum Lot Size: Specific maximum lot sizes are enforced based on account size to promote consistent trading behavior and minimize excessive risk.
- Leverage Levels: Leverage varies by asset class: 10:1 for Forex, 5:1 for Indices & Metals, and 0.3:1 for Cryptocurrencies.
- 30-Day Inactivity Rule: At least one trade must be placed within 30 days of account purchase to keep the account active. Failure to do so results in a breach due to inactivity.
- Prohibited Strategies: Details of prohibited strategies can be found here.
Specifications:
- First Payout: Eligible 30 days after receiving the Instant Funding account.
- Subsequent Payouts: Available every 30 days after the first payout.
- Profit Split: Starts at 60% to the trader and increases with each payout, reaching up to 90% by the fourth payout.
- Lock Upon Payout: Upon requesting a payout, the maximum trailing drawdown locks at the starting balance and no longer trails as the account grows.
- Consistency Rule: No single trading day’s profit should exceed 20% of the total profits accumulated over the trading period to encourage steady trading strategies.
- Equity Shield: Automatically closes trades if floating drawdown reaches specific levels: 2% loss on any one symbol or 2.5% loss across all symbols, resulting in a soft breach.
- Soft Breach Limit: A maximum of 10 soft breaches is allowed. Exceeding this limit may lead to a hard breach and potential account termination.