Account Rules
In phases 2 and 3, there is a minimum requirement of 3 and 5 trading days, respectively. However, the duration allowed to achieve your goal in each phase is not limited.
In order to Merge live simulated accounts must be profitable for 3 months consecutively.
The max allocation to start will be 600K which is 2 300K accounts that cannot be merged.
Once you have successfully completed 60 days of live simulated trading, NEGmarkets LLC will enable traders to allocate up to $1.2M.
- High-Frequency Trading EA: EAs that execute a large number of trades in short time frames with the goal of exploiting minor market inefficiencies are not permitted.
- News Scalping EAs: EAs designed to take advantage of price fluctuations during news releases or economic events through rapid scalping trades are prohibited.
- Arbitrage EAs (Reverse and Latency): EAs that exploit price differences between various markets or brokers, whether through reverse trading or latency-related strategies, are not allowed.
- Multi-Account Reverse Trading EAs: EAs that copy trades from one account to multiple accounts in the opposite direction are prohibited.
- Tick Scalping: EAs engaging in high-speed trading based on tick-level price movements are not permitted.
- EAs Designed to Abuse Demo Servers: EAs specifically created to manipulate or exploit the functionalities of demo servers are not allowed.
Our 1-step program and 2-step program both have a minimum trading day period of 3 days
This means that traders must engage in at least three days of trading activity within their account to fulfill this requirement.
Our 3-step program has a minimum trading day period of 3 days. This means that traders must engage in at least three days of trading activity within their account to fulfill this requirement.
Instant funding accounts will have 14 minimum trading days.
Yes, however you cannot initiate a trade 3 minutes before all MAJOR news folders and 3 minutes after.
1st offence minor violation 2 hour suspension.
2nd offence minor violation 4 hour suspension.
3rd offence major violation hard breach account cancelation.
Our NEWS is CURRENCY specific ex USD Redfolder applies to all USD pairs.
Also be aware if you try to open a trade or close a trade during news outside of the restricted threshold you can experience large amounts of slippage due to the volatility during news events.
You may have open trades prior to news if it does not break the 3-minute threshold (Before and After) any New trade/TP/SL during the 6 min window will be a violation.
**PLEASE FOLLOW FOREXFACTORY – ALL MAJOR NEWS FOLDERS**
If you violate any of the account/trading rules our system will automatically breach your account causing you to forfeit such account.
1. Copy Trading from Your Own Account: Traders are granted permission to engage in copy trading, utilizing an account they personally own and actively trade. Should you possess a personal account with another prop firm, retail broker, or any external/internal source, you are free to copy trade from that account, with the stipulation that the executed trades are indeed your own.
2. Limitations on Copy Trading: It is strictly prohibited to engage in copy trading between two accounts that are not under the ownership of the same individual, including accounts held by relatives or friends.
This policy guarantees the preservation of transparent and authentic trading activities. Furthermore, copy trading facilitated by Expert Advisors (EAs) is strictly disallowed, unless the trades executed by the EA are conducted by the individual who owns the account.
In order to maintain an active account with New Era Global we require you to place ONE trade every 30 days to ensure your account stays active. Failure to do so will result in an automatic deactivation of your account. No exceptions.
Yes scalping is allowed as long as you adhere to our News rule!
Tick scalping is not allowed 10 trades within a 30 second timeframe will be an automatic breach of your account!
There are no limits on the number of open simulated positions for any account at NEG Markets
We allow simulated trading of the instruments available on your trading platform. This typically includes all major/minor forex, commodities, indices, but excludes crypto.
During all phases of the program, there are no restrictions on lot sizes. Our policy is consistent with the broker’s limits, and we do not enforce any additional limitations.
FX MAJORS – 1:100
FX MINORS – 1:30
FX EXOTICS -1:30
METALS – 1:20
INDICES – 1:20
- For Instant Funding Account, email us at [email protected].
- Please fill out questionnaire under instant funding challenges page.
Objective
Objectives | Profit Target | Max. Daily Drawdown (Daily floating loss + closed loss) | Max. Overall Drawdown | Min. Trading Days | Trading Days |
Phase 1 | 10% | 4% | 8% | 3 | Unlimited |
Funded | No | 4% | 8% | – | – |
Daily Drawdown
Maximum Daily Loss | 4%, (6% with add on)
Within a single trading day, the maximum allowed daily drawdown on the account, including both open positions and those closed during the day, must not exceed 4% of the initial demo balance. This calculation includes simulated commissions. Traders can have more daily drawdown when purchasing with the addon.
Max Drawdown
Maximum Total Drawdown | 8%, (12%,14 % with add on)
The maximum total drawdown allowed is 8%. This means the account equity must remain above 92% of the initial demo account balance, considering both open and closed positions, as well as simulated commissions and swaps. Traders can have more Maximum drawdown when purchasing with the addon.
Example
Balance based.
In a 100K Challenge, if you have an open trade showing a simulated floating profit of $3,000 between PM and PM EST, your demo account’s simulated equity will be $103,000. With a 4% daily simulated drawdown limit, your simulated equity cannot fall below $96,000 ($100,000 – $4,000) on the next trading day. The simulated drawdown is based on the initial demo account balance.
Objective
Objectives | Profit Target | Max. Daily Drawdown (Daily floating loss + closed loss) | Max. Overall Drawdown | Min. Trading Days | Trading Days |
Phase 1 | 8% | 5% | 10% | 3 | Unlimited |
Phase 2 | 5% | 5% | 10% | 3 | Unlimited |
Funded | No | 5% | 10% | – | – |
Daily Drawdown
Maximum Daily Loss | 4%, (6% with add on)
Within a single trading day, the maximum allowed daily drawdown on the account, including both open positions and those closed during the day, must not exceed 4% of the initial demo balance. This calculation includes simulated commissions. Traders can have more daily drawdown when purchasing with the addon.
Max Drawdown
Maximum Total Drawdown | 8%, (12%,14 % with add on)
The maximum total drawdown allowed is 8%. This means the account equity must remain above 92% of the initial demo account balance, considering both open and closed positions, as well as simulated commissions and swaps. Traders can have more Maximum drawdown when purchasing with the addon.
Example
Balance based.
In a 100K Challenge, if you have an open trade showing a simulated floating profit of $3,000 between PM and PM EST, your demo account’s simulated equity will be $103,000. With a 4% daily simulated drawdown limit, your simulated equity cannot fall below $96,000 ($100,000 – $4,000) on the next trading day. The simulated drawdown is based on the initial demo account balance.
Objective
Objectives | Profit Target | Max. Daily Drawdown (Daily floating loss + closed loss) | Max. Overall Drawdown | Min. Trading Days | Trading Days |
Phase 1 | 6% | 4% | 10% | 3 | Unlimited |
Phase 2 | 6% | 4% | 10% | 3 | Unlimited |
Phase 3 | 6% | 4% | 10% | 3 | Unlimited |
Funded | No | 4% | 10% | – | – |
Daily Drawdown
Maximum Daily Loss | 4%, (6% with add on)
Within a single trading day, the maximum allowed daily drawdown on the account, including both open positions and those closed during the day, must not exceed 4% of the initial demo balance. This calculation includes simulated commissions. Traders can have more daily drawdown when purchasing with the addon.
Max Drawdown
Maximum Total Drawdown | 8%, (12%,14 % with add on)
The maximum total drawdown allowed is 8%. This means the account equity must remain above 92% of the initial demo account balance, considering both open and closed positions, as well as simulated commissions and swaps. Traders can have more Maximum drawdown when purchasing with the addon.
Example
Balance based.
In a 100K Challenge, if you have an open trade showing a simulated floating profit of $3,000 between PM and PM EST, your demo account’s simulated equity will be $103,000. With a 4% daily simulated drawdown limit, your simulated equity cannot fall below $96,000 ($100,000 – $4,000) on the next trading day. The simulated drawdown is based on the initial demo account balance.
Account Restrictions
Simulated Account lot size restrictions
Maintaining the original passwords throughout the challenge or simulated prop trading allows for proper monitoring and evaluation of the simulated trading activities. Altering the passwords undermines the transparency and consistency of the process, and as a result, it is considered a violation of the challenge rules.
- Participating in simulated trades that replicate the actions of another trader or a group of traders across multiple accounts.
- Utilizing Expert Advisors (EAs) purchased from the market to facilitate copy trading. To ensure compliance with this rule, it is advised to use different set files or adjust settings accordingly.
- Conducting simulated hedging or executing simulated reverse trades within a single demo account is allowed.
- However, it is prohibited to execute a simulated buy trade on one demo account and a simulated sell trade on another demo account. This violates the rule against simulated reverse trading or simulated hedging across multiple demo accounts.
- Simulated Group hedging entails individuals coordinating opposing positions across one or multiple prop firms or simulated prop firms in order to minimize risk and take advantage of prop firm or simulated prop firm rules. This practice is also not allowed.
- The purchase or provision of live account or demo account management services, as well as engaging in prop firm or simulated prop firm passing services, is strictly forbidden.
- Sharing your demo account information or permitting someone else to complete a challenge on your behalf is prohibited. Violating this rule will result in the loss of all associated demo accounts.
- Simulated high-frequency trading (HFT) is strictly prohibited at our firm.
- Simulated HFT methods is considered a violation, and demo accounts associated with such practices will be terminated.
A new era of crypto investments has arrived.
Our state-of-the-art trading platform provides lightning-fast
execution and access to real-time market data, equipping traders with a competitive
edge.
Total Payout
Avg Payouts Time
Funded Traders
Profit Split
