The Funded Trader Royal Challenge rules :Comprehensive guide

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The Funded Trader Royal Challenge rules are: The Funded Trader (tft) Royal Challenge is a unique two-phase program that is meant to give traders more power. It will change your life. That is why this detailed guide goes into great detail about the challenge. It shows how it changes the trading world and gives people the tools they need to be successful.

Table of Contents

Overview of Account Sizes and Pricing Tiers

The Funded Trader rules, or TFT Royal Challenge rules: People who bought a Royal Challenge after July 17, 2023, are about to enter a world full of possibilities. Enjoy as many simulated trade days as you want, which will make you feel like you’re in the real market.

Accounts bought before July 17 will still be able to use endless simulated days, whether they move to phase 2 or try again after July 24. The simulated daily decline, which is based on simulated equity and balance, gives you a real sense of how the market works.

Objectives and Metrics

Use carefully placed header tags to move through the specific objectives and metrics for each phase. Find out everything, from virtual profit goals to limits on how much you can lose.

Check out the effects of the update on October 6, 2023, which gave members an extra 14 days to ask for their first eligible payout within two weeks.

Not only does the Royal Simulated Challenge offer unlimited practice trading days, but it also lets you use EAs, trade news, and trade in different trading situations. [The Funded Trader Royal Challenge rules]

Account Examples and Requirements

Take a close look at a $200k simulated challenge and make sure you understand the exact requirements. Keep your balance and equity at $10,000 for 24 hours, starting at 5 p.m. EST, to make sure the trade goes smoothly.

After you submit your contract, your paid account is ready to trade within 24 hours, Monday through Friday, excluding weekends. This makes the onboarding process very smooth.

Pricing Details

Look at the different price levels based on the size of your account and the keywords that are easily integrated. Whether people choose a $50,000 or a $400,000 account, the costs are fair for what they get.

You can get a first payout bonus at each level, which makes the Funded Trader (tft) Royal Challenge even more attractive to people who are just starting to trade.[The Funded Trader Royal Challenge rules]

Overview	Details
Account Sizes & Pricing	Unlimited simulated trading days for challenges purchased after July 17, 2023. Transition to phase 2 or retry after July 24 retains unlimited simulated days for accounts purchased before July 17. The simulated daily drawdown is calculated based on simulated equity and balance. October 6, 2023, update allows a 14-day add-on for the first eligible payout.
Objectives & Metrics	Simulated profit targets: Phase 1 (8%), Phase 2 (5%). Simulated maximum daily drawdown: 5% for all phases. Simulated maximum initial deposit drawdown: 10% for all phases. Minimum simulated trading days: 5 for all phases. Max simulated trading days: Unlimited for all phases. Lot size limits: no restrictions. News trading is allowed. EAs are enabled. Holding over the weekend is allowed.
Account Examples	$200k challenge: Maintain $10,000 in balance or equity within a 24-hour period starting at 5 p.m. EST. Funded accounts enable trading within 24 hours (excluding weekends) after contract submission.
Pricing Details	$50k account: $289 with a first payout bonus of $289. $100k account: $489 with a first payout bonus of $489. $200k account: $939 with a first payout bonus of $939. $300k account: $1,399 with a first payout bonus of $1,399.$400k account: $1,869 with a first payout bonus of $1,869.

Understanding the daily drawdown is paramount.

Daily Loss: 5%
Calculated based on the demo balance or virtual equity, favoring the higher value, every day at 5 p.m. EST.
Fixed at 5% of the initial demo balance, inclusive of simulated commissions and swap fees.
An account violation occurs if the daily drawdown is breached.[The Funded Trader Royal Challenge rules]

Let’s delve into practical scenarios:

The maximum daily loss resets between 4:57 p.m. and 5:03 p.m. EST daily.
For a $100,000 account, the maximum daily loss is capped at $5,000.
A breach occurs if the simulated equity falls below $99,000.
Profits from open positions are a factor in daily drawdown calculations.

Reset Time

Optimizing reset time for success:

Max daily drawdown resets daily between 4:57 p.m. and 5:03 p.m. EST.
Traders are advised not to execute trades during this reset window.
The dashboard updates with the new daily reach level after the reset, a crucial metric to monitor.

Drawdown Rules by Account Size

Understanding the impact on various account sizes:

Account Size	Maximum Daily Loss	Maximum Total Drawdown
$50,000	$2,500	Equity or balance must not drop below $45k
$100,000	$5,000	Equity or balance must not drop below $90k
$200,000	$10,000	Equity or balance must not drop below $180k

Maximum Total Drawdown:

Ensuring a holistic perspective

A maximum total drawdown of 10% of the initial demo account balance.
Equity must not fall below 90% for both open and closed positions, accounting for commissions and swap fees.

Violations

The consequences of rule violations:

Any breach of drawdown rules leads to the termination of the trading account.
Ineligibility to proceed in the TFT Royal Challenge program with the violated account. [The Funded Trader Royal Challenge rules]

Drawdown Examples and Scenarios

Example	Account Size	Max Daily Drawdown	Trade Results	Account Status
1	$100k	$5k	Loss of $3k, Violation	Violated
2	$100k	$5k	Gain of $3k, Drawdown >$2k, Violation	Violated
3	$200k	$10k	Loss of $8k, Gain of $7k, Floating $7k Drawdown	Valid
4	$200k	$10k	Gain of $15k, Floating $9k Drawdown, Loss of >$8k	Failed
5	$400k FUNDED	$20k	Gain of $20k, Floating $10k Profit	Valid
6	$100k FUNDED	$5k	Floating $15k Profit, Up $9.9k	Failed
7	$100k	$5k	Loss of $3k, Gain of $12k, Loss of $2.5k	Valid
8	$200k FUNDED	$10k	4 Trades, $40k Profit, Loss of $6k, Retracing	Violated

This table simplifies the information, making it easier to understand at a glance. It summarizes different examples with their account sizes, max daily drawdown limits, trade results, and the corresponding status of the trading accounts.

Scaling Plan Revealed

Traders in the Royal Challenge have the exciting chance to use the Scaling Plan to make their demo account bigger. This plan lets the imagined funded account get an automatic 25% boost, which raises the possible payouts over time.

How the Review Process Works

Simulated-funded accounts are looked at every three months. For traders to be qualified for a 25% raise, they must show that they have made money in two of the last three months. Every month for three months, there should be a 2% return or an average return of 6%. It’s important to note that the account instantly grows when someone requests a withdrawal. [The Funded Trader Royal Challenge rules]

Working of Scaling Plan

To understand how the scaling plan works, let’s look at some real-life cases. Traders experienced three consecutive 25% rises, which shows that there is room for big growth. Based on the balance in the demo account at the start, this process happens immediately.

Changes to Simulated Drawdowns

The simulated daily and highest overall drawdown amounts change by 25% as the account grows by 25%. This makes sure that the demo balance adjusts proportionally to the new initial funding, which keeps the risk management method balanced.

Maximizing Simulated Funded Account Balance

Traders can take out money twice in three months, which makes the growing process easier. Traders can get as much simulated funds as $1.5 million by increasing it by 25% at a time. This gives people who are figuring out the Royal Challenge a huge chance to grow.

Good news: the profit split has been increased by 90%

Traders can now get an even better 90% return split once they qualify for scaling, in addition to the Scaling Plan. This means that traders will get 90% of the earnings based on simulated profit data. This is a good incentive for people who win the Royal Challenge.[The Funded Trader Royal Challenge rules]

Feature	Details
Scaling Plan	Funded traders can add 25% of their initial demo account balance to the simulated funded account, enabling increased payouts over time. The process is automated during withdrawal requests.
Review Process	Simulated funded accounts are reviewed every 3 months. Eligibility criteria: profitable for 2 out of the last 3 months with a 6% average return or 2% return each month. Automatic scaling during withdrawals.
Scaling Plan Examples	Example 1: $100,000 initial demo balance ➔ $125,000 new balance. Example 2: $100,000 initial demo balance ➔ $150,000 new balance. Example 3: $100,000 initial demo balance ➔ $175,000 new balance.
Drawdown Adjustments	Scaled accounts see proportional adjustments (25%) in simulated daily and overall drawdowns, maintaining risk balance.
Maximizing Account Balance	Two withdrawals are allowed in three months, facilitating successive 25% increases. Traders can reach a $1.5 million maximum in simulated funds.
Enhanced Profit Split	Eligible traders receive a 90% profit split once qualified for scaling, based on simulated profit data. This serves as a powerful incentive for success in the Royal Challenge.

Conclusion: The Funded Trader Royal Challenge rules

The Funded Trader Royal Challenge is more than just a program; it’s a way to reach success. This task gives you a one-of-a-kind chance to improve your skills and get used to real market conditions. It has an unlimited number of practice trading days, different trading conditions, and the chance for quick payouts.

Take advantage of the chance, accept the task, and plan your way to financial freedom.By following the program’s rules and learning as much as they can about them, traders can do well and reach their trading goals.

The Royal Challenge Scaling Plan and Enhanced Profit Split give traders a chance like no other to keep growing and being successful. Accept the path to growth and success in The Funded Trader’s Royal Challenge, and let your success story emerge.

Happy Trading

(Trader IQ over Emotional IQ)

Akash kumar Burnwal

I’m a seasoned trader with over 3 years of experience in financial markets. Throughout my journey, I’ve navigated various market conditions and developed my skills in trading strategies, risk management, and market analysis. Now I am also developing myself as a good digital marketer.