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What are the Rules for the 1 Step "Flash" Challenge Account?
What are the Rules for the 1 Step "Flash" Challenge Account?

An overview of the Rules for the Challenge account.

Todd Hodges avatar
Written by Todd Hodges
Updated over a week ago

1-Step FLASH Challenge | Top One Trader

  • Achieve a 10% profit target from your starting balance

  • 4% Max Daily Loss Limit (hard breach)

  • 7% Max Trailing Drawdown (hard breach)

  • Maximum Trading Days = Unlimited

  • EA’s Allowed (must be your own EA and not used by other traders placing the same trades)

  • Stop-loss before entry is required for each trade, unless add-on purchased (soft breach)

  • Must place a trade at least once every 30 days (hard breach)

  • Must not violate any of our prohibited trading strategies.

Specifications

  • No stocks available

  • Leverage on challenge account: FX 10:1, Metals 10:1, Oils and Indices 10:1, Cryptocurrencies 2:1

  • To help protect your account, should your daily loss exceed 2% on open trades from any one symbol, or 2.5% on open trades for all symbols, EquityShield will automatically close out your trades in most cases

  • A profitable day is when all closed positions for the day made a net profit of at least 0.5% of the initial balance.
    Example: On a $10,000 account, that would be $50.

  • At 5pm EST each day, we take the higher figure of either the account balance or account equity and subtract 4% of your initial balance to determine the daily loss limit for the new day.

  • When you withdraw your gains on your 1-Step account, Top One Trader will also withdraw its share of the gains, and your maximum drawdown will lock in at your starting balance and remain static no matter how much you grow your account.

  • Trading platforms available: Match Trader, Trade Locker, cTrader

Special note for traders using the cTrader Platform:
cTrader strictly prohibits U.S. traders. Any trader logging into the cTrader platform from a U.S. ip address will have their accounts immediately hard breached.

For restricted trading strategies, please view our article here.

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