2-Stage challenge

2 min. readlast update: 11.30.2024

Trading assessment consists of two stages that you need to go through to become a Bond Fund trader, also known as a funded trader. After you reach the profit target in Stage 2, your entire evaluation period will be manually reviewed by our risk management team. The review process can take up to 5 business days. In case of violation of any of the rules, all positions on the broker's platform will be immediately closed, the client's account will be closed, and the right to payment will be canceled.

Stage 1
This stage is designed to test your trading skills and identify you as a trader. In stage 1, you must achieve a profit target of 8% without going into a drawdown of more than 5% per day and 10% for the entire time, as well as without violating any other rules. After reaching the profit target and checking the account, you automatically proceed to Stage 2. 

Stage 2
Stage 2 is intended only to confirm the results and results of the challenge. At this stage, you must achieve a profit target of 4% without going into a drawdown of more than 5% per day and 10% for the entire time, as well as without violating any other rules.

Next, you reach the goal of Stage 2, your entire assessment period will be manually reviewed by our risk management team.

After verification, you will go through a process known as KYC or "Know Your Customer". This process includes the following steps: checking your documents, verifying your identity with a selfie, and verifying your address.

Next, we will automatically create your primary account.The last step is to connect your account to our risk management system. This is a necessary step for us, so your transactions are copied. Please note that this step is required only once for each funded account. As soon as we connect your account to our risk management system, you will receive an email notification with your Bold account details.

After you become a Bold Fund trader.
Trading on a Bold account (funded account) The trader has the right to request a payout every 15 or 30 days (at his choice) after the first completed transaction.
A profit split of 80%/20% will be applied in favor of the trader. 

 

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