FREE 3 PHASE CHALLENGE

Description

3 Phase Challenge  Overview

Welcome to our structured 3 Phase Trading Plan designed for aspiring traders to grow their accounts while managing risk effectively. Starting with a balance of $10,000 without paying any fees, traders will engage in a variety of instruments, including FX, metals, indices, energies, and crypto. Each phase has specific targets, drawdown limits, and trading day requirements to ensure a disciplined trading approach.

This plan is available for existing customers and new customers for FREE. Traders are required to submit full KYC first before they get this challenge from the shop. Documents needed are:

1) POI: Current Photo ID, such as a passport or driver’s license.

2) POA: Proof of Address that has your name and current address stated and is dated within the last three months, such as a bank statement or utility bill.

3) Verification Image (Upload a photo of yourself holding an ID

This structured plan not only encourages consistency and discipline but also provides a clear pathway to professional trading. We look forward to seeing you succeed in your trading journey!

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: 35

If traders do not meet the requirements, a fee of $20 is required to restart.

In Phase 1, traders will develop their skills and demonstrate their ability to manage risk 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: 35

If traders do not meet the requirements, a fee of $30 is required to restart.

Phase 2 requires traders to apply the strategies and risk management techniques learned in Phase 1. Successful traders will again 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: 35

If traders do not meet the requirements, a fee of $50 is required to restart.

In Phase 3, traders must demonstrate consistency and skill across a more rigorous evaluation. Those who pass will reset their accounts to $10,000 once again, 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.

3 Phase Benefits Overview

The 3 Phase Benefits program is designed to support traders at different stages of their trading journey, offering unique advantages to help them succeed. The program is structured into three phases, each with specific benefits and opportunities for traders to enhance their experience and performance on the platform.

1. Referrals Boost
Traders can leverage the power of referrals to earn boosts that help them restart challenges if they fail at any phase. Here’s how it works:
– Phase 1: If a trader fails the challenge, they can pay $20 to restart. Alternatively, they can refer 5 friends (each referral equals $4) to accumulate the $20 needed for a boost.
– Phase 2: If the challenge is failed, the restart fee is $30. Traders can refer 8 friends to earn the required amount.
– Phase 3: For a failed challenge, the restart fee is $50. Traders can refer 13 friends to accumulate the necessary boost.

This referral system not only helps traders recover from setbacks but also encourages community growth by incentivizing them to bring others onto the platform.

2. Positive PnL (Profit and Loss)
Traders are rewarded for consistent performance. Every day a trader closes with a positive PnL, they earn points that can be converted into boosts. This feature encourages disciplined trading and rewards traders for their daily successes, providing additional support to continue their journey.

3. Removal of Time Limits
Time constraints can add pressure to trading challenges. To alleviate this, the program offers the option to remove time limits when:
– A trader purchases a boost, or
– A trader upgrades to a higher level.

This flexibility allows traders to focus on their strategies and performance without the added stress of time restrictions, creating a more conducive environment for success.