1. Leverage
Leverage allows traders to control larger positions with less capital. In the 1 Phase Challenge, leverage depends on the asset class. Traders who purchase an add-on may access double leverage.
Asset Class | Base Leverage | Double Leverage (Add-on) |
Forex | 1:30 | 1:60 |
Gold & Commodities | 1:25 | 1:40 |
Indices | 1:15 | 1:30 |
Crypto | 1:10 | 1:20 |
Use leverage responsibly, as higher leverage increases both potential profits and potential losses.
2. Weekend Trading
Weekend trading allows you to keep trades open beyond standard market hours.
Challenge Accounts: Weekend trading is allowed.
Funded Accounts: Weekend trading is also allowed, provided that trades comply with the broader risk policies in place.
This policy provides flexibility for traders who want to hold positions during market closures.
3. News Trading
High-impact news events can create significant volatility.
Challenge Accounts: News trading is permitted.
Funded Accounts: News trading is only allowed with the add-on.
Traders should always exercise caution during economic releases, as rapid market movements can increase the likelihood of slippage and rule violations.
Summary
The 1 Phase Challenge offers flexibility in trading, but these policies are in place to ensure that traders use leverage wisely and manage risk during weekends and major news events. Staying informed and disciplined is key to long-term success.