Understanding the trading policies is crucial for successfully completing the 1 Phase Challenge and navigating the funded stage. This article outlines the rules for weekend trading, news trading, and leverage.
1. Leverage
Leverage allows traders to control larger positions with less capital, offering flexibility in managing trades. The 1 Phase Challenge offers varying leverage based on the asset class and the account’s status (standard or with Addon for double leverage).
Asset Class | Base Leverage | Double Leverage (Addon) |
Forex | 1:30 | 1:60 |
Gold & Commodities | 1:25 | 1:40 |
Indices | 1:15 | 1:30 |
Crypto | 1:10 | 1:20 |
2. Weekend Trading
Weekend trading offers traders the flexibility to hold positions outside standard trading hours.
Challenge Accounts: Weekend trading is allowed.
Funded Accounts: Weekend trading is allowed as well.
3. News Trading
Trading during high-impact news events can provide unique opportunities but also carries increased risks.
Challenge Accounts: News trading is permitted.
Funded Accounts: News trading is allowed only with the Addon.