2 STAGE EVALUATION PLAN

Description

2 Stage Evaluation Agreement

• I agree that this is a 2 Stage evaluation account and both phases must be passed by achieving the required target for both the 1st and 2nd Stage. The list of available markets or products may be updated (subject to change) based on the availability of margin, leverage, liquidity, and other various factors. Updates will not apply to traders who have already purchased this product prior to changes being made.
  I agree that The first evaluation phase requires that a profit target of 8% with no rule breaches be achieved before promotion to the next stage (Second phase). The first phase of this account has no time limit.
• I agree that The second phase requires a profit target of 5% with no rule breaches to be achieved before promotion to a Funded account. The second phase of this account has no time limit.
• I agree that 2 stage evaluation has a daily drawdown of 5% and a maximum drawdown of 8%, breaching these rules will lead to a violation and loss of account. Drawdown permitted for the day resets at 5pm EST. I understand that drawdown is calculated based on the comparison between my current balance and yesterday’s balance. I acknowledge that my permitted drawdown will be calculated as a percentage of my current balance. I commit to managing my risk within the specified drawdown limits to ensure responsible trading.
• I agree that Copy trading and allowing third party trade on the account is prohibited and if violated, I am at risk of losing the account.
• I agree that 2 stage evaluation plan gives me liberty to trade major, minor, exotic pairs, metals and indices.
  Strategies or behavior focused on gambling of the platform or exploitation of discrepancies within the system are regarded as bad faith. I must not engage in the strategies involving; pricing or latency arbitrage, stacking, multi account hedging, Martingale, single market hedging. Failure to adhere to this will lead to deactivation of trading account.
• Each evaluation phase requires a minimum of 10 competitive trading days. Days exhibiting non competitive trading behavior beyond the standard deviation set by the risk team will not count towards the evaluation period. Therefore trading abnormally or without profit motivation will simply extend the minimum days. I agree that a Minimum Trading Day is counted when the profits or losses at the end of the day meet a specific threshold, defined as 0.5% of my account balance.
• For the first month after being awarded the funded account, a stop loss must be used 2 minutes after executing a trade on the account. Not more than 1% of the account size should be risked per position. If more than one open position on one or more pairs at a time, the total of all positions will be counted as one.
• I agree that zero tolerance means that violations lead to forfeiture. However some breaches of the rules deemed minor and neither intentional nor negligent, may be penalised by a discretionary fine of maximum 2.5%. Fines will be levied against balances. Zero tolerance means that violations lead to forfeiture of account at any point in time.
• I agree that the company reserves the right to terminate the service and provision of any real account in cases of bad faith on the trader’s behalf. Any such action will never result in any liability beyond a refund.
• I agree 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.
• I agree to follow the firms directives governing exposure and risk at all times upon request.
• I understand and agree to these conditions for 2 stage evaluation plan.

The Fairest 2-Stage Demo Challenge in History

Welcome to the most transparent and equitable 2-stage demo challenge available. With profit targets of 8% in the first phase and 5% in the second phase, we promise no broker tricks, zero spreads, and no slippage.

The Liquid 100 Challenge is fully backed by the Liquid Markets network fund, which has a 12-year history of providing private funding for proprietary firms and exchange dealers.

Winners will receive a Nitro risk-managed STP broker account funded by non-winning challenge fees, covering any drawdowns while utilizing network funds to provide the necessary margin. Once the account is funded, we have no interest or control over the broker’s STP, ECN, or liquidity providers. This ensures no conflict of interest and that we derive no benefit from your failure. Our evaluation parameters are designed to correlate closely with real market success, allowing the best traders to win. Thanks to this arrangement, we maintain the lowest possible fees.

After the first 30 days of trading on the real account, traders can request payouts directly from the broker.

We offer raw spreads, unlimited trading time, and access to metals, indices, and cryptocurrencies. We invite you to explore the market and become our fund manager.

—

TRADING RULES

Welcome to Liquid Markets. The Company provides you (“you” or the “Trader”) with a limited license to use the services (“the Services”) offered by the Company, subject to the terms and conditions contained herein (“the Agreement”).

This Agreement is a legally binding contract. You have a duty to read this Agreement before accessing the Services. By using the Services, you agree to the terms and conditions contained within this Agreement.

The Company reserves the right to suspend, replace, modify, amend, or terminate this Agreement at any time at its sole discretion. Your continued use of the Services after any changes will constitute your agreement to the modified terms.

—

Minimum Trading Days

A minimum of 10 trading days is required for each phase of evaluation. You have ample time to achieve your target and progress to the next phase, so take it slow and practice good risk management.

A Minimum Trading Day is counted when the profits or losses at the end of the day meet a specific threshold, defined as 0.5% of your account balance. For example, if your initial account balance is $10,000, your profit or loss at the end of the day must be at least ±0.5%, equivalent to ±$50. This means if you make $100 or more in profit, or incur $50 or more in losses, that day will be considered a trading day. Conversely, if your profit or loss is less than $50, the day will not count as a trading day.

—

The Evaluation Process

The Liquid 100 is a 2-stage evaluation account. Both phases must be successfully completed by achieving the required targets for each stage. The list of available markets or products may be updated based on margin availability, leverage, liquidity, and other factors. Updates will not apply to traders who have already purchased the product before changes are made.

– First Phase: A profit target of 8% with no rule breaches must be achieved before proceeding to the second phase. There is no time limit for this phase.

– Second Phase: A profit target of 5% with no rule breaches must be achieved to qualify for a Nitro account. This phase also has no time limit.

—

Evaluation Requests

You can request an evaluation of your trading at any time by contacting [email protected] or through the FXDashboard. We are not obligated to perform an evaluation if you have open trades.

—

Final Evaluation Activation

You must activate your Final Evaluation or simulated account using the login details provided to you. If you do not activate within 30 days of receiving your login details, your access will be suspended. You can request to renew access within 6 months of suspension through the FXDashboard or by emailing [email protected]. After 6 months without renewal, services will be terminated without a refund.

—

Markets

Liquid 100 allows you to trade major, minor, and exotic currency pairs, metals, and indices, with over 400 available markets.

—

Expert Advisers & Robot Usage

You may use Expert Advisors (EAs) as long as they are not employed in the following ways:

– Copy trading of other persons’ signals
– Tick scalping
– Hedging
– Stacking
– Martingale
– Latency arbitrage trading
– Reverse arbitrage trading
– Hedge arbitrage trading
– Any use of emulators

Using EAs in violation of these rules will result in account cancellation and forfeiture of any fees.

—

Funded Account

Traders can receive up to 90% of profits. For the first withdrawal, traders will receive a 60% split plus a 100% fee refund. Subsequent withdrawals will grant an 80% share, increasing to up to 90%.

For the first month after receiving a real Nitro account, a stop loss must be used two minutes after executing a trade. No more than 1% of the account size should be risked per position. If there are multiple open positions on one or more pairs at the same time, the total of all positions will be counted as one. The payout schedule is after 14 days and 5 days for senior traders. For the first payout, traders must trade for 30 days on Nitro to enter the normal payout days.

—

Getting Paid

If you have reached your profit-split event, congratulations! Please contact us by sending your request to [email protected]. You can request your payout using any available method, such as bank transfer or cryptocurrency, provided you used the same method and wallet.

—

Drawdown Rules

For this 2-stage evaluation plan, customers must not lose more than 5% of the initial account size in a single day, with a maximum drawdown of 8%, including fees and swaps. Daily drawdown limits reset at 5 PM EST.

—

Account Size Maintenance

Customers must maintain their account balance above 92% of the initial size for evaluation plans, accounting for all positions, fees, and swaps.

—

Resets

If you breach any of the rules, you are entitled to a 20% discount to reset your account. Note that this does not apply to any current promotions offering discounted prices.

—

Refund Policy

All traders who pass Phase 1 and Phase 2 will receive a refund of their fees upon reaching their first profit-split event at the end of the first month on their live trading account. The signup fee is non-refundable if trading has begun or if the customer breaches the agreement or terms and conditions.

Refund Request Process:

– Customers must email their refund requests to [email protected] within the specified time frame.
– The firm will acknowledge receipt of the request promptly.

Refund Payment:

– Refunds will be processed without unnecessary delay, no later than 7 days after the contract is withdrawn.
– Refunds will be issued using the same payment method as the original payment.
– A Refund Processing Fee of 5% of the refunded amount may be deducted from the refund.

—

Trading Behavior

A. No cheating is allowed. This includes any trading on demo accounts that wouldn’t be profitable in real markets or isn’t possible under real market conditions.

– Practices such as exploiting delayed feeds, high-frequency trading (HFT) strategies, gap trading, latency arbitrage, long-short arbitrage, and reverse arbitrage are forbidden.
– Trading that takes advantage of MetaTrader’s inefficiencies is not permitted.

—

Unauthorized Trading Measures:

If your trading strategy is deemed risky, we may need to reduce your risk by lowering your leverage or profit share. Risky practices include over-leveraging, overexposure, account rolling, gambling, one-sided bets, and third-party account management or copy trading. We may remove any violating transactions from your trading history and disregard their results in profit or loss calculations.

—

Enhanced Due Diligence (EDD) Measures:

When a higher risk is identified in a business relationship or transaction, we may apply more thorough checks beyond standard Customer Due Diligence (CDD). This may involve:

– Requesting additional documents to confirm your identity.
– Conducting a detailed conversation, possibly including a video call, to better understand you and confirm your intentions.
– Closely monitoring your trading activities to ensure compliance with our rules and risk limits.

—

Know Your Customer (KYC) Procedures:

Customers must not use trading strategies that exploit mistakes in service, such as wrong prices or slow updates. This includes latency trading and trading with outdated or slow information. Cooperation with others to manipulate trading through connected accounts is prohibited.

—

Unauthorized Trading Activities:

Participants are prohibited from engaging in trading activities forbidden by the Firm or its associated brokers, including:

– Taking advantage of mistakes or delays in the broker’s pricing or trading platforms.
– Executing trades in advance of orders placed elsewhere (front-running).
– Trading in a manner that could harm the Company’s relationship with a broker or lead to trade cancellations.

—

Consequences of Unauthorized Trading:

– Non-Compliance: Engaging in unauthorized practices may be flagged as a breach of the challenge terms.
– Transaction Removal: Violating transactions may be removed from your trading history.
– Service Termination: The firm reserves the right to terminate services and agreements with the customer.

—

Participation Termination

If unauthorized trading activities are detected, your participation will end, which could result in the loss of any fees paid. Prior to receiving a funded account, we will review your trading to ensure it aligns with our rules.

—

Company’s Discretionary Rights

We reserve the right to deny any trader entry into our program for any reason deemed necessary.

—