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 (including floating profit/loss). 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 (including floating profit/loss) falls below this threshold, your account will trigger a soft breach, leading to trading being disabled till the start of the next trading day.
Maximum Overall Drawdown
Set at 10% of your starting balance.
Unlike daily drawdown, this figure does not reset; it remains fixed at the starting balance level.
Example:
Initial Balance: $100,000 → Max Drawdown = $10,000
This puts your Max Drawdown level at $90,000
Daily Profit Cap
The Flex Challenge includes a 2% profit cap per day, which applies to both the challenge and funded stages.
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 |
Max Overall Loss | 10% | 10% | 10% |
Daily Drawdown (Soft Breach) | 5% | 5% | 5% |
Daily Profit Cap | 2% | 2% | 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.