The5ers

1. What are the general rules for the High Stakes Program?
High Stakes is a 2-step evaluation challenge where you have unlimited time to complete the evaluation and get funded We require traders to have at least 3 profitable trading days and to reach a target of 8% for Phase 1 and 5% for Phase 2. Accounts without trading activity for more than 30 consecutive days will expire. The counter starts from registration day. The max loss on the account is 10% from your initial balance (absolute drawdown) and 5% daily drawdown that is taken from the closing equity or balance of your previous day. This is taken at 00:00 UTC+3. Once passed you will be given a new funded account with the ability to withdraw funds from your dashboard every 14 days. You will have the possibility to withdraw your profits via Crypto or RISE through your hub. 2.What is the drawdown rule for High Stakes?
The max loss on the account is 10% from your initial balance (absolute drawdown) and 5% daily drawdown that is taken from the closing equity or balance of your previous day (the highest between them). This is taken at 00:00 UTC+2. E.g. If you have a 100K account and your equity is $110,000 at 23:59 UTC+2, then after rollover, your daily max loss will be $5,500. Meaning if your equity goes below $104,500 your account will close. Rolling over a trade from the previous day. Daily loss will be taken from the highest number between your balance and equity. if your balance is $105,000 but your floating trade is in a $1K loss (equity $104,000) then the snapshot will be taken from the $105K Level (Balance) Reaching any of these limits will lead to the termination of the account.3. How does the Bootcamp ‘5 risk violations’ rule work?
Rules for the Bootcamp program only: A Stop-loss is required in all positions and orders. The SL in any position must not risk more than 2% of the account balance Opening a position without an SL order, or risking more than 2% of the account balance in a single position, will be considered a risk violation Traders have to set their SL within 3 minutes after placing the trade Traders are responsible for following the SL and risk rules. Our risk management team reviews all potential violations before activating funded accounts or processing a payout.