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Can I Trade During the News?
Can I Trade During the News?

An overview of the rules around trading the news.

Lars avatar
Written by Lars
Updated over a month ago

Disclaimer

By continuing to hold trades during a major news event, you acknowledge and accept the potential risks involved. These risks include slippage, market gaps, delayed executions, and increased volatility. Top One Trader is not liable for any losses incurred due to slippage caused by news events.


Trading News Events

  • During all challenge phases, you are free to trade during news events without any restrictions.

  • For funded traders, however, it is prohibited to execute or close any trade within the window of 5 minutes before and 5 minutes after a high-impact news event.


Clarification on "Executing a Trade":

Executing a trade refers to:

  • Opening or closing any pending order (including stop loss or take profit)

  • Executing a market order

You are permitted to hold trades on affected instruments if they were opened more than 5 minutes before the restricted news window. However, if your stop loss or take profit is triggered during the restricted window, it will be considered a violation. Any gains made from such trades will be deducted and will not be eligible for withdrawal.

Note: Violating news trading rules is first considered a soft breach, meaning your account will remain open, further violations might lead to a termination of your account.


Prohibited Actions During the 10-Minute News Restriction Window (5 minutes before and after the event):

  • Opening new trades (Market Execution/Limit Orders)

  • Closing trades (Market Execution/Limit Orders)

  • Modifying Stop Loss or Take Profit

  • Placing Buy Stop or Sell Stop orders

Exceptions: Swing traders and intraday traders with positions open for more than 1 hour prior to the news event may still have their take profit level validated if it is triggered within 5 minutes after the event.


High-Impact News Events:

Only high-impact news events that are directly related to the trading pairs you are working with are restricted. You are free to trade during low or medium-impact news events or events that do not directly affect your trading pairs.

Please note: All major U.S. high-impact news events (marked as 'Red Folder') affect all trading instruments, example of these News include:

  • Federal Reserve Interest Rate Decisions

  • FOMC Statements and Meetings

  • Non-Farm Payrolls (NFP)

  • U.S. Consumer Price Index (CPI)

  • Any other HIGH impact US news

In general, if it’s a high-impact U.S. news event, it affects all trading pairs. For a complete list of high-impact news events, please refer to our Economic Calendar.

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