This challenge allows maximum drawdown of 8%, daily drawdown of 5% and traders have to trade at least 10 minimum trading days on each evaluation to be approved. Markets allowed to trade is forex Majors and Minors
You have plenty of time to achieve your target and move to the next phase. Take it slow, observe good risk management techniques.
The Models, Evaluation and verification phase and targets.
There are two phases you must pass in order to become a funded trader.
First the evaluation Phase (Phase I)
The evaluation phase is to test your trading skills and give us an idea of wether you can stick to rules and understand risk nuture instructions
During the evaluation phase you must achieve a profit target of 8% with no rule breaches. These include trading the authorised markets only. If you cannot resist or cannot understand the markets not to trade then you will not pass. If you do not understand the rules we set then you will not pass.
The verification Phase (Phase II)
The verification phase is just to confirm the results of the evaluation phase.
During the verification phase you must achieve a profit target of 5% with no rule breaches
We do NOT have any negative day rules in our programs.
Its imperative that you have a trading plan, trading strategy and risk management profile to successfully complete the evaluation.
At Liquid Markets, we encourage good trading behavior but do not limit a traders ability to trade in their own style or time.
We ALLOW news trading, scalping, long term trading, short term trading etc. on all accounts.
We do not have a lot size restriction for total open lots on a single account however we provide a lotsize table which is a proven guide for a challenges successfull risk management profile.
We provide the all products and the best conditions for our house traders. On the challenge stage we require results with the most Liquid markets. Currently you can trade FOREX majors and minors on the challenge and 400 markets at Nitro house account stage.
Expert Advisers & robot usage
You can use EAs as long as they are not used in the following ways: – copy trading of other persons signals – tick scalping – hedging – martingale – latency arbitrage trading – reverse arbitrage trading – hedge arbitrage trading – or any use of emulators. It is a violation if this rule is broken. Any accounts using these types of EAs will be cancelled, banned and not refunded.
We want to test your trading behaviour and not your coding prowess.
Account types, details and house keeping
After program purchase you will receive your login details within hours. You are not allowed to change the details of this account under any circumstances. Doing so will be a breach and your account will be suspended.
Traders are paid out 80% of profits and up to 90% share at Nitro house account stage
If you have reached Nitro house account stage as well as your first profit-split, , congratulations. Reach out via ticket. You can request your payout via any method in your name or crypto.
You must not have a daily drawdown of 5% of equity OR balance on any given day. This is monitored closely by an automated system, includes open trades at the time of roll-over and any breach is shown in your account dashboard. Please be mindful of your trading and be sure to check your available drawdown at 00:00 server time every day.
On top of the daily drawdown, we have an overall account drawdown of 8% for any pay period. Breaching this will result in a termination of your account
No trader will be liable for any trading losses at Nitro house account stage
If your Phase I 30 day limit is reached and you are in 6% profit without any breaches on the account you are entitled to a free retake.
If you find that you have breached one of the rules, you are entitled to a 20% discount.
All traders who pass Phase 1 and Phase 2 will receive a refund of their fees when they reach their first profit-split payout at the end of the first month on their Nitro house account.
Account Credential Safety
You are responsible for making sure your account credentials are safe. We do not reinstate accounts that have been hacked or distributed to third parties for trading and lost. If your account has been hacked, get in touch with our team so we can lock the account and change the password and run you through security protocols. No reinstatements of accounts will occur so it is important for you to get to us as quick as you can if your account has been hacked