Only activate this Global Challenge account, once I agree to the following conditions by ticking the check boxes
I understand that there are two phases to pass in order to become a network funded Nitro trader. Every now and then the list of markets or products may be updated based on the availability of margin, leverage, liquidity, and various other factors. Updates will not apply to users currently passing the phases of the evaluations in those products.
I understand that during the first evaluation phase I must achieve a profit target of 8% within 30 calendar days with no rule breaches.
I understand that during the second evaluation phase I must achieve a profit target of 5% within 60 calendar days with no rule breaches
I understand that there is a daily drawdown of 5% and a maximum drawdown of 8% and breaching these drawdowns is a violation.
I understand that I may not copy trade nor allow anyone else to trade for me. If my trades are deemed to be in bad faith or are highly correlated with any other account, I will be unable to continue and the maximum compensation I will receive is a refund
I understand that I may only trade FOREX and Gold in a manner and with strategies for which the sole objectives are to profit from a series of trades made with an entry price and a holding phase followed by an exit price. Strategies or behaviour focussed on gaming of the platform or exploitation of discrepancies within the system are regarded as bad faith.
I understand that I must not engage in the strategies involving; Pricing or latency arbitrage, Stacking, Multi account hedging, Martingale, Single market hedging
I understand that there is minimum trading days of 10 on each of the phases of evaluation.
I understand that I’m required to put a stop loss within 2 minutes after executing a trade. I also understand that I may not risk more than 1% per position. If I have more than one open position on one or more pairs at a time, the total of all positions will be counted as one.
I understand that during evaluation my trading behaviour must be consistent, and that 80% of my total traded volume must not been opened up within 20% of the minimum time duration of the challenge
I understand that zero tolerance means that voilations lead to forfeiture. In some breaches of the rules deemed minor and neither intentional or negligent, may be penalised by discretionary fine of maximum 2.5%. Fines will only be levied against positive balances.
I understand that the firm reserves the right to terminate the service and provision of any real account in cases of bad faith on my behalf. Any such action will never result in any liability beyond a refund.
I have understood and agreed to the terms and conditions for Global Challenge
I understand that I have no title or ownership over any funded account, and that any funds, profits or losses remain the property of the firm. I will be rewarded by the firm only for achieving set targets within the parameters agreed.
Date of agreement
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