Starting Date: The Trade Master Cup starts on the 7th of every month.
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Ending Date: The Trade Master Cup ends on the 21st of every month.
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Account Size: Participants will receive a $100,000 trading account to showcase their skills and compete for top honors.
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Maximum Participants: The Trade Master Cup can accommodate up to 5,000 participants.
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Single Account Registration: Each participant may register only one account using a single email address and IP address. Registering multiple accounts will result in disqualification from the competition.
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Daily Drawdown: The Daily Loss Limit is set at 5% of the initial account balance.
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Maximum Drawdown: The maximum allowable drawdown during the competition is 10% of the initial balance.
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Prohibited Use of EAs: The use of Expert Advisors (EAs) is not allowed during the Trade Master Cup Competition. Participants are expected to engage in manual trading only.
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Trades Per Day: Traders can place a maximum of 100 trades per day. This limit is in place to help manage risk and promote consistent trading behavior.
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News Trading: News trading is allowed.
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Lot Size Restriction: There are no specific restrictions on lot sizes.
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Single Trade Profit: The profit from a single trade cannot exceed 50% of the total profit.
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Trade Holding Rules: Overnight and over-weekend holding of trades is permitted in the Trade Master Cup.
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Restricted Trading Strategies: Understanding FundedNext's restricted and prohibited trading strategies is crucial for traders to ensure compliance with the Terms of Service (TOS) and maintain a fair and transparent trading environment. For a detailed understanding of these restricted strategies, traders should review the relevant article, which provides an in-depth look at all the prohibited strategies, helping them stay informed and compliant.