Challenge Rules
RULES
Evaluation Challenge
Make sure you have read and understood the rules for our Evaluation Challenge.
These are the rules that apply to our Evaluation Challenge program. It is important that you read and understand them. When you trade with us you are agreeing to these rules, so if you have any questions you can check the FAQ or contact us.
Our Evaluation Challenge program consists of 2 phases that you must successfully pass ir order to become a RoyalFunded trader. Once you have passed both phases, you will receive a funded account where you will be able to trade with our capital.
Phase 1: In this first phase the trader receives a demo account and has 30 calendar days to earn 10% profit on the initial account balance. This phase allows us to evaluate the trader’s skills.
Phase 2: In this second phase the trader receives a second demo account and has 60 calendar days to earn 5% profit on the initial account balance. The purpose of this stage is to confirm that the trader has sufficient knowledge to be consistently profitable.
RoyalFunded Trader: Upon successful completion of the two evaluation phases, RoyalFunded will contract the trader to trade with the company’s capital.
The maximum daily drawdown allowed is 5% of the day’s opening balance. The maximum total drawdown is 10% of the iniatial account’s balance (absolute drawdown, not relative). This applies to both Phase 1 and Phase 2, but is particularly important once the trader has been contracted by RoyalFunded, as they will be trading on a live account and must do everything possible to preserve the company’s capital.
INACTIVITY
If your live account is inactive for 30 days it will be automatically breached. If you do not inform us within 10 days of the breach the reason for the inactivity, the account will be permanently suspended.
This rule is to prevent us having thousands of hedged trades on abandoned accounts. If you are planning to be away for a prolonged period of time, please inform us and we will make sure your account continues.
To pass the challenge it is imperative that you have a trading strategy and a good risk management plan. This is even more important when you become a RoyalFunded trader. At RoyalFunded we encourage good trading practices but allow you to trade in your own style.
We allow all trading styles (scalping, day trading and swing trading). We allow trading during low, medium and high impact news without restrictions. We allow left open trades on weekends without restrictions.
Trading activities that are used to take advantage of the inefficiencies of Metatrader. Gap trading, latency arbitrage, Long short arbitrage, Reverse arbitrage, opposite account trading are all unacceptable trading methods with RoyalFunded. Anyone part-taking in such activities will get their account(s) suspended.
EAs and Robots are allowed except the EAs of Martin Gale. High-Frequency Trading, Ultra-Fast Scalping, Latency Arbitrage Trading, Any Tick Scalping Strategies, Any Reverse Arbitrage Trading, Any Hedge Arbitrage Trading, and Any use of emulators are not allowed. Using any of the EAs mentioned above will cause immediate termination of the account.
Using third party EAs/Robots is OK so long as it is not managed or traded by another party. All signals must be your own and based on your own set up.
Any Copy Trading of other people’s signals, Group Trading with other individuals, or funded account management services are not allowed. Any Copy Trading activity mentioned above will cause immediate termination of the account.
You can copy trades from your personal account to our account, provided that you can supplement proof to us.
The RoyalFunded trader must use a stop loss on every trade as soon as possible within 5 min window. Failing to do so will cause the termination of the account.
Majors: EURUSD, GBPUSD, NZDUSD, AUDUSD, USDCHF, USDCAD, USDJPY.
Minors : EURGBP, EURNZD, EURAUD, EURCHF, EURCAD, EURJPY, GBPNZD, GBPAUD, GBPCHF, GBPCAD, GBPJPY, NZDAUD, NZDCHF, NZDCAD, NZDJPY, AUDCHF, AUDCAD, AUDJPY, CADCHF, CADJPY, CHFJPY.
Commodities: Gold, Silver, Oil.
Indices: S&P500, US30, US100, DAX, UK100, F40, JP225, STOXX50, AUS200.
At RoyalFunded we use Metatrader 5 as our trading platform. MT5 offers advanced financial trading features as well as superior tools for technical and fundamental analysis. MT5 is available for Windows, MAC and also for iOS and Android mobile devices.
Remember that you will have full access to the funding platform and that you must be the only person accessing the account. RoyalFunded will not interfere with traders' accounts unless they fail to comply with our terms and conditions.
You are responsible for making sure your account credentials are safe. We do not reinstate accounts that have been hacked or distributed to third parties for trading and lost. If your account has been hacked, get in touch with our team so we can lock the account and change the password and run you through security protocols. No reinstatements of accounts will occur so it is important for you to get to us as quick as you can if your account has been hacked.
If you have reached your profit-split time, firstly, congratulations. You may close all trades and request your pay out from the ‘Pay out request’ button on your dashboard. In case, the pay out request button is still not enabled, please get in touch with billing@royalfunded.com.
You can request your payout via DEEL. With Deel, you will be able to withdraw with Wise, Paypal, Bank transfer, Payoneer, Revolut, Mercury, etc.
We will process a 100% refund of your sign-up fee with your 1st withdrawal.
To qualify for your first withdrawal on the live-funded account, you must meet one of the following two requirements:
- Complete 10 Active Trading Days; or
- Achieve at least 10% in profit (whichever comes first).
In case of having a net profit of less than 10% on the live funded account, the 1st withdrawal can be requested after 10 Active Trading Days, you do not need to wait until you hit 10% to process your first withdrawal. You will be eligible for withdrawals at any time as long as you have completed at least 10 Active Trading Days.
Any subsequent withdrawals can be requested during the last 5 days of each calendar month.
You can qualify for Bi-Weekly Withdrawals once you achieve a 10% net profit.
* A minimum of 1% of the initial account balance is required in order to make a withdrawal request.
* Any Profit Split paid out to the RoyalFunded trader is deducted from the account balance. However, this will not affect the profit target.
* If you have trades where you were maxed out on leverage and unusual big trades compared to the normal trades you usually take, you will not be eligible for withdrawals for those trades.
If you are in Phase 2 and your account has expired without breaching any of the terms and conditions, we will give you the opportunity to try for the 2nd time from Phase 1 for free.
We only offered our free retry to traders who are in profit and trade using proper risk practices. Trade safely, be consistent, get rewarded.
We will refund the sign-up fee with the 1st withdrawal once you pass the challenge and become a RoyalFunded Trader
We do not refund the sign-up fee once the Challenge account has been traded, you must complete the Challenge to get a refund. If the Phase 1 account has not been traded, we will refund the sign-up fee up to 7 days after the sign-up date.
Use of third party skills/software/suppliers for trading
You must commit to being the only one who trades on your account. Any third-party vendor selling any service, whether its account management or an EA, that promotes usage on any prop firm, is forbidden. You should note that from the moment you become a RoyalFunded trader you will be trading with real money on a real account, so it is important to us that it is you and not someone else who has proven their trading skills by passing our challenge.
trading~