Description
3 Phase Challenge
Overview
Liquid Markets is designed for trading experts who have yet to translate their expertise into profitability and capital growth. We provide a fair opportunity to profit from your trading knowledge, which should already be available for free on the internet.
Profiting from trading requires a real account with profit potential. Your expertise, combined with experience, results in valuable data and signals for us within the Liquid Group. We aim to engage every potential trading expert and offer a transparent path to asset growth management.
Since our inception in 2012, we have provided a pro-standard trading facility under fair conditions: MT5, raw spreads, $2.30 per 1 lot round turn fees, and slick execution. Profit potential is achievable within weeks for top performers.
Welcome to our structured 3 Phase Trading Plan designed for aspiring traders to grow their accounts while effectively managing risk. Starting with a balance of $25,000 up to $200,000, traders will engage in various instruments, including FX, metals, indices, energies, and crypto. Each phase has specific targets, drawdown limits, and trading day requirements to ensure a disciplined approach.
A single plan is available to both existing and new customers. Traders can retain their accounts indefinitely and progress by passing each phase within 35 days of starting. If unsuccessful, a small fee can be paid to regain full trading access and continue. Cash prizes are awarded at each phase to those scoring high in various behavioral metrics.
We will invest in a demo challenge and fair evaluation. You are expected to study and accept the rules and directives. If you pass all 3 phases, we will risk our money on your maximum drawdown in your real account with the best pro broker facilities and zero conflict of interest. We benefit if you achieve your profit target on that broker account. Therefore, we kindly request you to be an expert applicant and familiarize yourself with the rules.
Important: Under no circumstances should a participant contact the broker. Any such contact will result in termination of the plan. Support for challenge traders is provided in the [Discord group](https://discord.com/invite/GTZNNXrzpG).
Onboarding
For fraud prevention, participating traders are initially required to submit a selfie clearly showing them holding their ID and to provide their address to start trading. Full KYC, which includes uploading a scanned ID document and proof of address, can be completed later as needed or before payouts or promotions.
Once registered and logged in, upload the selfie holding your ID at the top right of your dashboard if it wasn’t done correctly during registration. Then upload a scan of the ID document in the upload file section. Note that proof of address will need to be uploaded upon promotion and before payout.
You will receive your credentials upon payment. At this point, you can access your performance record via the ‘fxdashboard’ link.
If you do not have fxdashboard access or there is no data in your fxdashboard, you should not trade. Instead, send a ticket and wait for directions.
Support
All support is provided in the Discord group and through the ticket system for priority users.
Promotion
Our innovative proprietary AI systems manager is knowledge-based. Previous dashboards and violation systems are rule-based. Management is conducted according to numerical limits, with violations acted upon as soon as a parameter is breached. Our system focuses on data collection and behavioral triggers, giving you the benefit of the doubt unless collective data indicates a breach affecting your performance.
Promotion is entirely managed by the system. Once you pass a phase, stop trading and wait patiently for a message to continue to the next phase. Data suggests taking a gap in trading is beneficial at this stage. The system will verify your transactional and behavioral data against numerous benchmarks to ensure compliance. Any flags raised will be checked by a human, which may delay your progress.
Please read all information carefully. Any claims that rules were hidden or unknown will be regarded as bad faith, leading to forfeiture of facilities.
We want you to keep this account long-term. There are no failures; if setbacks occur, a small fee can be paid to continue without expensive challenge restart fees. Build your skillsets and balance. If you cannot afford the small fee, you can earn a reset by accumulating boost points through various activities. [Boost your progress](https://liquidmarkets.org/instant-reset/).
Phase 1: Induction Phase
– Profit Target: 7%
– Daily Drawdown Limit: 4%
– Maximum Drawdown Limit: 7%
– Minimum Trading Days: 5 (defined as days with a 0.7% PnL of the initial capital)
– Maximum Trading Days: Unlimited
If traders do not meet the requirements, a reset fee is required to restart.
Reset Fees:
– $25,000 – $25
– $50,000 – $50
– $100,000 – $100
– $200,000 – $200
In Phase 1, traders develop skills and demonstrate risk management while achieving the profit target. Successful completion allows traders to advance to the next phase with their account balance reset to $10,000.
Phase 2: Evaluation Phase
– Profit Target: 7%
– Daily Drawdown Limit: 4%
– Maximum Drawdown Limit: 7%
– Minimum Trading Days: 5
– Maximum Trading Days: Unlimited
If traders do not meet the requirements, a reset fee is required to restart.
Reset Fees:
– $25,000 – $50
– $50,000 – $100
– $100,000 – $150
– $200,000 – $250
Phase 2 requires traders to apply strategies and risk management techniques learned in Phase 1. Successful traders will reset to the original balance, preparing them for the final evaluation phase.
Phase 3: Verification Phase
– Profit Target: 7%
– Daily Drawdown Limit: 4%
– Maximum Drawdown Limit: 7%
– Minimum Trading Days: 5
– Maximum Trading Days: Unlimited
If traders do not meet the requirements, a reset fee is required to restart.
Reset Fees:
– $25,000 – $100
– $50,000 – $200
– $100,000 – $400
– $200,000 – $500
Those who pass will be promoted to the real account stage having proved their capability to manage trades effectively.
Phase 4: Real Account
– Profit Sharing: Traders retain 60% of profits made after 30 days.
– Withdrawal Schedule: Every 30 days.
– Minimum Profit Target: 5%
– No Reset Policy: Traders can choose to start from Phase 1, 2, or 3 based on the respective fees.
– Scaling: 30% of profits will be used to scale up; account balance increases by 50% after every 3 withdrawals.
– Account Activity: If there is no trading activity after 30 days, the account will be closed, and a reset will be required.
Phase 4 is the culmination of the trading journey, where successful traders operate in a real account environment. They can enjoy account growth and profit sharing while continuing to develop their trading skills and strategies.
Trading Features
| Feature | Details |
|——————————–|—————————————————|
| Minimum Trading Days | 5 |
| Minimum Profit Target | 7% |
| Daily Drawdown | 4% |
| Maximum Overall Drawdown | 7% |
| Account Expiry Date | Unlimited |
| Spread | Floating |
| Leverage | Up to 1:50 |
| Trading Symbols | +30 |
| Markets | FX, Commodities, Metals, Indices, Crypto |
| Commission | Crypto 0.07%, FX/Metals/Indices 0.0014% |
| News Trading | Allowed |
| EA | Not Allowed |
| Weekend Holding | Allowed |
Conduct and Integrity
Any conduct indicative of bad faith, including attempts to manipulate or exploit established rules, will lead to immediate cessation of all services and support. Public declarations suggesting undisclosed rules will be regarded as a breach of good faith.
We urge you to fully comprehend all information and rules before engaging with our services. Your participation signifies your understanding and agreement to these terms.
Trading Violations
Exceeding specified daily drawdown or maximum drawdown limits, or engaging in unauthorized trading strategies, will lead to termination of the trading challenge. Careful preparation and commitment are essential. Any failure to demonstrate understanding of these parameters will result in forfeiture of trading facilities.
Further Information
– Expert Advisors, Trading Bots, and similar products may be approved by the service provider. Unauthorized strategies include:
– Copying other traders’ trades or using signals.
– Tick scalping, hedging, stacking, or Martingale strategies.
– Latency, reverse, or hedge arbitrage trading.
– Copying trades across multiple challenges or accounts.
– Multi-account hedging or gambling behavior.
– Any method intended to harm the company.
– Copied trades are unauthorized and will breach the agreement, resulting in termination of service without notice.
– Commission is charged for opening and closing trading positions.
– Traders have ample time to achieve their targets, as there is no expiry on the challenge. Take it slow and practice good risk management.
– The company reserves the right to stop providing service to clients who do not practice consistency and risk management.
– Shared or joint accounts are forbidden; each account must be owned by one individual or legal entity.
– Account transfers are not allowed.
– You are responsible for securing your account credentials. We will not reinstate accounts that have been hacked or misused.
– If your account has been hacked, contact our team immediately to secure it.
– Violating the rules may result in a penalty, but you can pay a boost or reset and try again.
Liquid Markets reserves the right to block a trader’s account without warning for any violation and execute appropriate penalties based on the rules.
