The live stage is a phase where traders no longer have specific profit targets. They only need to follow the drawdown rules and trading rules. To reach the live stage, traders must clear all previous phases: either 2 phases in the 2-step challenge or 1 phase in the 1-step challenge and Elite Challenge.
Once all phases are cleared, the trader will receive a congratulatory email indicating they have reached the live stage. To have their live stage account set up, they must:
1. Complete the KYC
2. Sign the Live Account Contract
Both tasks can be found on our dashboard.
All live stages have a trading cycle of either 21 days, 14 days, 7 days, or no trading cycle.
After completing the cycle and respecting all rules, the trader can request a payout, which is the payment of the demo profits made so far on the live account.
Examples:
1. Successful Completion:
Trader completes all phases, respects all trading rules, completes KYC, and signs the live contract. They receive the live stage account.
2. Rule Breach:
Trader passes all phases but breaks trading rules. The live account is not issued, and they must purchase another challenge.
3. Incomplete KYC or Contract:
Trader passes all phases but cannot complete KYC or the live contract. We cannot provide the live account.
4. Payout Request with Rule Breach:
Trader passes all phases, completes KYC and contract, receives the live
phase account, completes the trading cycle, and requests a payout. However, if they breach a trading rule, the payout will not be issued, and the live account
will be closed.
5. Change in Activity:
Trader reaches the live stage but changes their activity drastically (e.g., different IPs, trading devices, styles, and risk). They might be asked to complete a risk assessment interview before the payout is released. If all is in order, the payout proceeds; otherwise, the trader is asked to adhere to their usual trading style, or their account may be blocked.