Everything you need to know about the 2 Phase Static Account

The 2 Phase account can also be with Static Drawdown.

You can select whether you wish for the 2 Phase account to be Static or Trailing Drawdown.

The Static 2 Phase account has the following conditions:

• 4 trading days minimum
• Daily Drawdown is 4% ( based on balance at end of the previous day, recorded at 5 PM EST time)
• MAX Drawdown is 10% Static; Throughout the lifetime of this account, 10% of the initial balance is how low my equity can go before a MAX Drawdown breach.

Example: 1000 balance. 10% of 1000 is 100. Lowest the balance or equity can go before the breach is 900 USD ( 1000 – 100 = 900). 900 USD will always be the lowest right before equity breaches the account, this is what Static drawdown means.

• Target profit for Phase 1 is 5% of the initial balance while for the 2nd Phase is 10% of the initial balance.

• There is no consistency rule for the Evaluation phases.
• There is 25% consistency rule in the Funded stage which is based on the highest profit of any of the trading days

Consistency rule with numbers: On 1000 balance, live stage, 25% consistency.

Day 1: The profit on the first day will set the tone. If I make 50 USD profit on the first day, this sets the tone for the profit in the next days. 50 / 25% = 200

I should aim for 200 USD profit, with profit of 50 USD per day maximum to meet the consistency rule. Therefore, a total balance of 1200.

Day 2: If I make 100 USD profit, I am out of the consistency rule. To calculate what profit I should aim, to be within the rule simply take the highest profit done in any of the days: 100 USD in this example and divide by 25% = 400 USD profit. I should aim for a total balance of 1400 USD to be within the consistency rule ( 25% of 400 = 100 = the biggest profit I did on any of the trading days). There isn’t a time limit, it could take 1 month even ( 5 USD profit per day), as long as I reach 1400 balance ( and of course not exceed the 100 USD profit per day because if I do, it will further increase my total profit needed to meet the consistency rule).

• Leverage is fixed for all assets:

Major currency pairs and Gold 1:30

All other commodities (other metals and energies) 10:1

Oil 5:1

Indices 10:1 

Stocks 2:1

• Although there are no add-ons, there are 2 options that can be selected:

a) 80% profit split > this comes with biweekly payouts (every 14 days , counting from when the first trade is placed)
b) 100% profit split > This comes with once per month payout

Please also note there is no refund included upon first payout with the Static Two Phase option.