The Flex Challenge includes two evaluation phases before you can reach the funded phase.
This model is designed for freedom and flexibility, with unlimited duration, no minimum trading days, and a daily profit cap of 2%. Each stage is built to allow traders to progress at their own pace while maintaining responsible risk management.
How the Daily Drawdown Works
The daily drawdown is calculated at 5% of your account’s initial balance.
At 5 PM EST, the system checks your starting day balance and equity. The higher of the two is used to apply the daily drawdown limit, but the percentage is always based on the initial balance only.
This ensures that your account remains protected while still allowing room for growth.
Example:
Initial Balance: $100,000 → Daily Drawdown = $5,000
If your balance at 5 PM EST is $100,000 and your equity is $105,000:
Drawdown limit applied = $105,000 – $5,000 = $100,000
Minimum equity allowed that day = $100,000
If your equity falls below this threshold, your account will trigger a soft breach, leading to trading being disabled till the start of the next trading day.
Minimum Profitable Days
You must achieve at least 3 separate profitable days for each phase (challenge and funded).
Each profitable day must have a minimum profit of 0.5% of your initial balance for that day.
Profitability is determined based on End-of-Day (EOD) equity to EOD equity, meaning that the calculation does not depend on when trades were opened or closed. Instead, it reflects the change in equity (EOD to EOD) for each trading day.
These profitable days may be consecutive or spread out over the course of the challenge.
Daily Profit Cap
Only the funded stage of the Flex Challenge include a 2% profit cap per day.
Once 2% profit has been achieved in any given day, your account will be disabled/paused till the start of the next trading day.
Overexposure Rule
Traders must also follow the Overexposure Rule, which limits position sizes based on asset class and account size.
This applies to commodities, indices, crypto, and forex, and is enforced per symbol.
Flex Challenge Breakdown
Rule | Evaluation Phase 1 | Evaluation Phase 2 | Funded Phase |
Profit Target | 10% | 5% | N/A |
Duration | Unlimited | Unlimited | Unlimited |
Minimum Profitable Days | 3 days | 3 days | 3 days |
Max Overall Loss | 10% | 10% | 10% |
Daily Drawdown (Soft Breach) | 5% | 5% | 5% |
Daily Profit Cap | None | None | 2% |
Weekend Holding | Enabled | Enabled | Enabled |
Profit Share | 0% | 0% | 80% |
News Trading | Allowed (with Add-on) | Allowed (with Add-on) | Allowed (with Add-on) |
Summary
The Flex Challenge is ideal for traders who want long-term consistency with complete flexibility.
You can progress at your own pace while still being rewarded for disciplined risk management and consistent performance.