We prioritise risk management and the protection of capital. Therefore, it is essential to adhere to our daily drawdown and maximum drawdown rules. Violating these rules can have serious consequences, including the termination of your account and a failure in the challenge. Here's a more descriptive explanation:
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1. Daily Drawdown Rule: We have implemented a daily drawdown rule to ensure that traders maintain control over their risk exposure. This rule specifies the maximum allowable loss a trader can incur in a single trading day. Exceeding this limit can result in account termination.
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2. Maximum Drawdown Rule: Additionally, we have a maximum drawdown rule that sets the threshold for the maximum cumulative loss a trader can experience throughout the duration of the challenge. If a trader surpasses the maximum drawdown limit, their account will be terminated, resulting in a failure of the challenge.
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3. News Trading Rule: News trades executed within 2 minutes before and 2 minutes after (inclusive) on funded accounts are subject to a soft-breach where the profits associated with these trades will not be counted and the account balance will be adjusted to reflect this. We apply a soft breach because we would like our traders to be able to continue trading rather than hard breaching the account.

4. Reverse Trading: Risking the whole account with obvious signs that you are hedged elsewhere and therefore with no market exposure Is strictly prohibited and will result in an account termination.

5. Illiquid Trading Hours: Trading during illiquid market hours which can be manipulated in the futures market, is strictly prohibited and will result in an account termination.

6. Gambling: Obvious signs of no intention to genuinely trade with the only goal of gambling during high volatility periods with no due care or consideration of the accounts risk management is strictly prohibited and will result in an account termination.
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It is crucial for traders to monitor their positions, implement effective risk management techniques, and adhere to the drawdown rules to maintain a successful trading journey and avoid the unfortunate consequences of account termination.
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If you are found to be in breach of any of the challenge/trading rules, any profits accrued in the funding stage will be forfeited and your account(s) will be terminated.