To ensure a successful trading journey Evaluation Challenge, it is crucial to abide by the following guidelines and restrictions:
Maximum Daily Loss Limit: FundedNext's maximum Daily Loss Limit specifies that you are permitted to lose 5% of your initial account balance on any given day.
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Maximum Overall Loss Limit: Traders are allowed to have an Overall Loss Limit of 10% of their initial account balance. Thus, their account balance/equity can't go below 90% of the initial balance at any time during your whole trading journey.
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Minimum Trading Days: In the Evaluation Challenge, traders only need to take a minimum of 5 individual and separate trades during their trading cycle. Their trading days do not need to be consecutive, and to make things even easier, there is no maximum number of trades they need to take so that they can trade freely. Also, there is no minimum trading day rule in the Evaluation FundedNext account.
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Copy Trading: Allowed within accounts owned by the same individual but strictly prohibited between accounts not owned by the same person.
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IP Address: Recommended to use a single device with a unique IP address for secure trading.
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VPN/VPS Service: Encouraged for platform access; paid VPNs and VPS services with dedicated IPs are advised for consistency and security.
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EAs/Indicators: Traders are allowed to utilize Expert Advisors (EAs) and Indicators to enhance their trading strategies at FundedNext. It is important for each trader to ensure that their trading parameters are unique and suited to their individual trading style and account.
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Restricted Trading Strategies: FundedNext strictly prohibits any form of cheating or exploitation of the platform, as it goes against our Terms of Service (TOS) agreed upon during registration. Traders are urged to thoroughly read our Terms of Service and understand the following guidelines to prevent unintended consequences.
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