How do the three challenge models compare?
Two-Step (2 phases), One-Step (1 phase), and Instant (funded immediately, no target).
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“Daily Loss”
17 articles found
What is the daily loss rule?
The most your equity may fall in one day from that day starting balance. Breaching it fails the account.
Read articleWhat happens if I breach my account?
…A breach ends the account. Breaches come from the daily loss, maximum loss, or a conduct rule.…
Read articleInstant account rules
…Funded from day one, no target, daily loss 3%, max loss 6% (trailing), plus consistency and qualifying-day rules for payout.…
Read articleOne-Step challenge rules
…One phase, target 10%, daily loss 3%, max loss 6% (trailing), 3 trading days.…
Read articleTwo-Step challenge rules
…Phase 1 target 8%, Phase 2 target 5%, daily loss 5%, max loss 10% (static), 3 trading days per phase.…
Read articleIs a stop-loss required?
Yes on funded and Instant accounts. A missing stop-loss warns you, then breaches after a 2-minute grace period.
Read articleIs grid trading allowed?
Grid and averaging strategies are permitted as long as they respect the loss limits, margin cap and other rules.
Read articleAre Expert Advisors (EAs) allowed?
Yes. Automated strategies and EAs are permitted, provided they respect all account rules.
Read articleWhat is the maximum risk per trade?
On Instant accounts, combined open floating risk per trading idea must stay at or below 1%.
Read articleWhat is Fandora Funded?
A simulated prop-trading firm: pass an evaluation (or start Instant), trade a funded account, and withdraw your profit in crypto.
Read articleCan I hold trades over the weekend?
Yes. Positions may be held over the weekend on all account types.
Read articleHedging, margin, stop-loss and other conduct rules
Hedging is banned; margin over 80% and missing stop-losses warn then breach; some behaviour is reviewed manually.
Read articleWhat is the maximum loss? Static vs trailing
The maximum total loss from your starting balance. Two-Step is static; One-Step and Instant are trailing.
Read articleHow long do I have to complete a challenge?
There is no time limit. You can take as long as you need; only the minimum trading days apply.
Read articleHow do I get started?
Pick a model, check out, connect your platform login, and start trading toward the objectives.
Read articleCan I hold trades overnight?
Yes. Positions may be kept open overnight on all account types.
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