The Funded Trader has made important updates to its 1 Step Knight Challenge, effective today. Check it out!
The Funded Trader has made important updates to its 1 Step Knight Challenge, effective today. Check it out!
The Funded Trader has made important updates to its 1 Step Knight Challenge, effective today. This revised version aims to provide traders with more flexibility while maintaining a streamlined evaluation process. Now, the challenge is a one-step evaluation instead of the previous two-step system. With this change, traders will face fewer barriers to entry and a more straightforward path to proving their skills.
In this updated challenge, the minimum trading days requirement is at 5, giving traders enough time to demonstrate consistency. However, the minimum profitable day target remains high at 1.5% per day, spread over five days. The firm has also increased the maximum loss limit to 8% (static drawdown), a generous improvement from the earlier 6%, and has relaxed the daily loss limit to 5%, which was previously 3%. These adjustments provide traders with greater room to maneuver without risking an immediate disqualification.
For those participating in the challenge, the ability to trade using EAs and cBots is now available, and traders can also engage in news trading. Moreover, the maximum number of accounts per trader has been raised to 20, allowing traders to scale their operations if desired. The consistency score requirement of 50% remains in place, applying to both the challenge and funded phases.
Once traders succeed in the challenge, they will enter the funded phase, where they can withdraw their profits anytime, provided they maintain a 50% consistency score. To make a withdrawal, traders will need to achieve at least two profitable days with 1% gains each per cycle. Additionally, the profit split has been kept at a generous 95%, ensuring that successful traders are well-compensated for their efforts.
These updates reflect The Funded Trader’s ongoing commitment to making prop trading more accessible and rewarding for traders at all levels.
The Funded Trader believes that every trader should have access to the resources necessary to reshape their lives and reach their goals. Despite the hurdles posed by simulated trading, their commitment lies in empowering traders to turn their dreams into reality and achieve greater returns. They firmly believe anyone can thrive as a trader with the correct support, mindset, technology, and risk management.
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