As you move from the challenge phase to the funded phase with TopOneTrader, several key changes are implemented to help you manage risk effectively and maintain the standards required for consistent, responsible trading. Below are the significant changes:
1. Maximum Lot Size Restriction
In the funded phase, there is a maximum lot size restriction, which is not present during the challenge phase. This rule helps prevent traders from taking excessively large positions, reducing potential risks. Lot size restrictions vary depending on your account balance. For more details, refer to the TopOneTrader help article on lot size restrictions.
2. News Trading Restrictions
In the funded phase, traders face restrictions on trading during significant news events. News events can lead to high market volatility and unpredictable price movements. These restrictions are designed to protect both your account and the firm's capital. You can review these guidelines in the TopOneTrader help article on news trading.
3. Changes in Leverage Levels
Leverage levels also adjust slightly when you transition to the funded phase. These adjustments align with TopOneTrader's risk management protocols, ensuring responsible trading. For detailed information, refer to the TopOneTrader help article on leverage changes.
Why These Changes?
These changes are designed to ensure that traders in the funded phase adhere to a higher standard of risk management, promoting long-term success and sustainability.
Understanding and adapting to these modifications will help you navigate the funded phase with confidence.
If you have any further questions, feel free to reach out!