What are the Challenge conditions?

To successfully complete each Phase of the Challenge, you’ll have to meet a number of conditions:

Challenge Phases	Phase 1	Phase 2
Profit target	8%	5%
Daily loss limit	5% (hard breach: results in account closure)
Max drawdown	10% (trailing) (hard breach: results in account closure)
Max leverage	Max 100:1 (hard breach: results in account closure)
Retry discount	20%
Minimum trading days	0	0
Max time	120 Calendar Days	120 Calendar Days
Minimum trade size	0.1 lot or 1 CFD Index
Inactivity time	20 calendar days
StopLoss required	Not required
Flatten on Friday?	Not required
Refund of Challenge Fee	Available on first profit share payout