挑戰和信號提供者規則是什麼?

Account Type - 2 Step

Name

5K

10K

50K

100K

200K

500K

Challenge Fee

$35

$60

$299

$599

$1,200

$2,400

Virtual Funding*

$5,000

$10,000

$50,000

$100,000

$200,000

$500,000

Profit Target**

Phase 1 (P1)

Phase 2 (P2)

P1: $250 (5%)

P2: $250 (5%)

P1: $500 (5%)

P2: $500 (5%)

P1: $2,500 (5%)

P2: $2,500 (5%)

P1: $5,000 (5%)

P2: $5,000 (5%)

P1: $10,000 (5%)

P2: $10,000 (5%)

P1: $40,000 

(8%)

P2: $25,000 

(5%)

(fixed from Initial Balance)

500K plan:

5% Max Daily Loss

(from previous End of Day Equity)

$250 (5%)

$500 (5%)

$2,500 (5%)

$5,000 (5%)

$10,000 (5%)

5% of EoD Equity

Daily Loss Limit is fixed at 5% of the initial balance. Breach level is triggered when current daily loss (including unrealised losses/profit, commissions, dividends and swaps) reaches 5% or more of the initial balance.

Daily Loss and Daily Loss breach levels are static values within the trading day. 

Daily Loss breach level is calculated as 5% below the previous End of Day Equity value on the Account

5K - 200K plans: 

10% - Max Drawdown Loss

(Static Drawdown)

500K plan:

 Max Drawdown Loss

(10% - Trailing on highest balance)

$500

$1,000

$5,000

$10,000

$20,000

$50,000

Max Drawdown Loss breach level is fixed at 10% of initial balance and triggered when account Equity reaches that level (Includes unrealised losses/profits and swaps) 

Max Drawdown Loss breach level trails up when the account reaches a new High WaterMark Balance (realized profits). Max Loss breach level stops to trail up, when it reaches the initial funding amount.

Profit Share

80%

80%

80%

80%

80%

80%

Rule

Challenge
(Phase 1)

Challenge
(Phase 2)

Signal

Provider

Notes

5K - 200K plans 

Profit Target

5%

5%

N.A.

• The user passes the Challenge Phase as soon as the respective profit target is reached and has not violated any other conditions stated here or in the Terms and Conditions.
• Upon passing Phase 1, the trading account used for that Phase is locked. The user is issued a new trading account for Phase 2.

500K plan 

Profit Target

8%

5K - 200K plans:  Max Daily Loss

5% Fixed

Always a fixed amount of 5% from the Initial (starting) balance of the Account.

• Violating this limit is a hard breach, meaning loss of challenge account access.
• The Daily Loss Limit is the maximum amount (measured in account equity) that the account can lose (including unrealised losses/profit and swaps) on a given day. The Daily Loss limit is measured as a fixed amount of 5% of the starting balance.  
• The daily loss limit is tracked for the day starting from 17:00 EST

500K plan:  Max Daily Loss 

5% Dynamic

Always a static value for the trading day, calculated as 5% from the previous EoD Equity value on the Account

• Violating this limit is a hard breach, meaning loss of challenge account access.
• The Daily Loss Limit is the maximum amount (measured in account equity) that the account can lose on any given day. The Daily Loss Limit is set for the day as the stated percentage (5%) of the previous day’s end-of-day Equity value on the account at 17:00 EST.
• The daily loss limit will not be adjusted intraday.  If the account equity reaches a new high watermark level from profitable positions (Realized or Unrealized) on that day, it will not affect the daily loss limit on that trading day.

5K - 200K plans: Maximum Daily Profit

(Consistency rule)

2%

2%

N.A.

• Upon reaching this limit, all open positions will be closed and trading will be disabled  until the following day
• Only applicable to the Challenge and is removed at the Signal Provider stage.

500K plan: Maximum Daily Profit

(Consistency rule)

5%

5K - 200K plans: Maximum Drawdown Limit - Static

10%
from the Initial Balance

Static
Hard Breach

• Violating this limit is a hard breach, meaning loss of Challenge account access.
• This is the limit on the maximum loss a user can sustain in the lifetime value of their Challenge account in each Phase.

• Breach level will remain fixed (static) at 90% of the initial balance and triggered when account equity reaches that level (Includes unrealised losses/ profits, commissions, swaps and dividends)

500K plan: Maximum Drawdown Limit - Trailing

10%
from new High Watermark balance update (Realized P/L on the account) 

Trailing
Hard Breach

• Violating this limit is a hard breach, meaning loss of Challenge account access.
• This is the limit on the maximum loss a user can sustain in the lifetime value of their Challenge account in each Phase.
• The loss limit is calculated versus the maximum value of the account over time. The limit is a percentage of the user’s starting account value.
• This limit is a “trailing” limit, meaning it is calculated versus a high water mark which increases as the value of the account balance increases. However, the breach level is capped at the initial funding amount of the account.

Max Leverage

Up to 100:1 for FX

Up to 50:1 for CFD Gold,  Indices and CFD Commodities 

• Leverage shown here is the maximum available on any instrument. 
• Positions will be assigned to a tiered margin structure depending on instrument and size of position converted to USD  amount
• See the following table in this document for details per instrument.

Min Trade Size

0.01 lot for FX, Metals

1 lot for 1 CFD index

• One micro lot FX and Metals, or one index
• See the following table in this document for details per instrument

Retry Discount

20% on 5k - 50k plans

10% on 100k - 500k plans

• Users who attempt a Challenge and do not pass will be eligible for a discount on the fee paid to retry the same Challenge

Inactivity Period

30 calendar days

• This is the maximum number of consecutive days a user can be inactive (not place an opening or closing trade) and maintain access to the Challenge account.  
• The period starts from the date of the purchase of a challenge and then restarts on any date of trading activity.
• Inactivity over 30 calendar days is a hard breach: users who are inactive (no trades placed) for 30 consecutive days lose Challenge account access, and the account is closed.

An Active Signal Provider who passes a new challenge that cannot be merged:

• The newly passed account will be placed on hold due to the one-active-account rule
• The inactivity period for the on-hold account will be extended to 180 consecutive calendar days before any breach action is taken.

News Trading

Restrictions on Trading applies only during the following News Events

(There is no Soft or Hard Breaches imposed)

Restrictions on Trading is followed for a total of 4 minutes during high-impact economic news events (2 minutes before and 2 minutes after the announcement).

Key restrictions include:

• No new trades can be opened, and existing trades cannot be manually closed. This includes all trading operations from processing Market Orders (Open and Close trades),  EA activity, Entry Stops, Entry Limit orders.
• Existing positions can only be closed if a pre-set Stop Loss (SL) or Take Profit (TP) order is triggered.
• SL and TP orders cannot be modified during the 4-minute window.
• Pending orders that are triggered within this period will be automatically cancelled.
• These protective actions (cancellations or SL/TP triggers) do not result in a breach or penalty on the account.

News Trading is a forbidden practice as stated in our Terms and Conditions, and can result in profit removal and/or account termination. To locate timings of the major economic news events, please refer to:

• News Trading Restrictions and Economic Calendar

Country

News Event

USA

• Interest Rates Decisions  Announcements 
• CPI (Consumer Price Index)

Eurozone

UK

Canada

Australia

New Zealand

• Interest Rates Decisions  Announcements 
• CPI (Consumer Price Index)

Japan

• CPI (Consumer Price Index)

Germany

Holding Positions during News

Allowed

• Trading strategies must not violate the rules described in the Rules of Trading and Forbidden Trading Practices as found in the  Terms and Conditions

Copy Trading

Partially Allowed

• Using OANDA Prop Trader Account as a Master account where trades can be copied from is allowed.
• Copy trading into OANDA Prop Trader Account as a slave from external accounts (including any other OANDA Prop Trader accounts by the same user would be considered a violation of the trading rules and may result in the trading account being breached.

Flatten on Friday?

Not required

• Users are not required to flatten/close all open positions each weekend.

Mandatory Stop Loss

Not required

• Users are not required to place Stop Loss orders on all positions.

Refund of Challenge Fee

Available on the first profit share payout

• Users who successfully pass Phase 2 of the challenge and become Signal Providers are eligible for a refund of the fee they paid for the most recent challenge they completed (and only this fee).  The refund will be paid after the payout of the first profit share according to the payout rules specified for Signal Providers. Signal Providers who do not generate a profit share payout will not receive a refund.

Min Payout Amount

Minimum $200 

(Signal Provider Stage)

• This is the minimum amount that a signal provider can request as a payout. 
• The actual amount paid to an OANDA Global Markets account will then be adjusted by the profit share percentage.

Max capital allocation

$500,000

• This is the maximum virtual capital that can be allocated to a signal provider account. Signal providers can only have one signal provider account active at any given time.
• Restrictions may apply to certain countries and to the abusive use of margins across multiple accounts.

Max capital allocation for merged accounts

$200,000

• If a user successfully completes multiple 5k - 100k OANDA Prop Trader challenges with the same account settings, the virtual capital will be merged in a single account up to a maximum of $200,000. If a user completes a challenge that would result in the virtual capital allocation being greater than $200,000, the capital will not be merged into or allocated to a virtual account until such time as the user no longer has an active allocation, and a new virtual allocation will be created.
• Restrictions may apply to certain countries and to the abusive use of margins across multiple accounts.