Proprietary Trader Challenge Activity (referred to as the "Activity"), jointly launched by Monster Trading Academy and TOP1 Markets trading platform.
By applying to participate in the activity, customers agree to comply with all the rules outlined below. As the provider of the activity, this platform reserves the right to modify or cancel the activity at any time, with prior notice provided.
For any terms not defined in these rules, please refer to the product disclosure statement or customer agreement of this platform for the relevant definitions.
This platform will independently decide to provide this activity to customers who meet all our account opening requirements (referred to as "eligible customers"). Eligible customers shall meet the following conditions:
Successfully completed registration on the platform;
Be at least 18 years old.
Each challenge requires a one-time fee, and successful completion grants the status of a proprietary trader along with access to a real trading account.
Processes:
Paying the registration fee is equivalent to successful registration, initiating the challenge.
The challenge account must have created orders or held positions for at least 10 trading days.
Trading details and eligible products during the challenge period are based on the challenge account. Each order has a maximum trading volume of 2 lots, and the account's maximum holding limit is 5 orders.
The challenge has a validity period of 90 days. During the challenge, participants can click the challenge end button at any time to terminate the challenge. Accounts that have not clicked the challenge end button will automatically close all trades and terminate the challenge after 90 days.
The maximum intraday drawdown limit is very critical to the trader's level assessment. Successful traders are good at managing account funds and controlling risk. The maximum intraday drawdown limit is 4% of the initial capital, which means that the maximum reduction in account equity on any trading day should not exceed this limit. The maximum drawdown calculation formula is: maximum drawdown value = the highest account equity value - the lowest account equity value.
The cumulative maximum drawdown limit is 6% of the starting capital, which means that from the beginning to the end of the challenge, the maximum reduction in account equity should not exceed this drawdown limit. The maximum drawdown calculation formula is: maximum drawdown value = the highest account equity value - the lowest account equity value.
There is no holding time limit for trades during the challenge; participants can freely apply their trading skills.
Upon completion of the Assessment Challenge stage, the system will automatically determine that the investor has succeeded in the challenge if all targets have been met and no positions are held. At this point, you can perform the following actions:
The trading conditions for real capital accounts do not include the requirements of "at least 10 trading days", "10% profit target" and "30% profit consistency rule". All other trading conditions are consistent with the evaluation challenge Accounts remain consistent.
The usage period of the real capital account is 90 days. After the expiration of the period, the account will be deactivated and the total profit and loss during the period will be automatically calculated; unclosed orders will also be forcibly closed and included in the total profit and loss. If the total profit and loss of the account is positive, please submit a profit withdrawal application. We will usually complete the review within 1 working day (excluding holidays). After passing the review, you will receive a reward equivalent to 80% of the profit as your achievement feedback.
The usage period of the real capital account is 90 days. During the period, if your "4% intraday maximum drawdown limit" or "6% cumulative maximum drawdown limit" exceeds the standard, your account will be deactivated and the total profit and loss during the period will be automatically calculated; unclosed orders will also be forced to The position is closed and included in the total profit and loss. If the total profit and loss of the account is positive, you can still submit a profit withdrawal application. We will usually complete the review within 1 working day (excluding holidays). After passing the review, you will receive a reward equivalent to 80% of the profit as your achievement feedback.
Profits can be withdrawn through local transfer or bank remittance to your personal bank account.
During the evaluation challenge stage, in order to truly evaluate the participants' trading skills, the platform implemented a 30% profit consistency rule. In the challenge, the profit of a single order must not exceed 30% of the profit target, and the excess will not be included in the total profit. The single profit limit is calculated based on the profit target.
For example:
Participate in the US$20,000 challenge account with a profit target of US$2,000. The 30% profit limit is $600 ($2,000 * 30% = $600). Any single profit exceeding $600 will not be included in the final total profit.
Note: Real capital accounts are not restricted by this rule.
Participants in the challenge will be deemed to have consented to the publication of some of their individual registration information on any section of this event page.
Prohibited Trading Activities
The activity is only available in specific countries/regions, and participants shall qualify to open an account in the countries/regions where the activity is available. Otherwise, the activity will be considered invalid. Applicable countries are subject to the internal policies of this platform and may change from time to time. It is advisable to check with the customer service team before participating in the activity.
This platform is the sole arbiter of this activity. Disputes or situations not covered by these rules will be resolved by the management of this platform in what it deems the fairest manner for all parties involved, and this decision is final for all parties concerned.
If during the activity period there is evidence of abuse, fraudulent transactions, manipulation of the platform's features, exploitation of vulnerabilities, errors, malfunctions, defects, or any attempt to deceive through identity theft, automation, or other illegal means to obtain rewards, promotions, or other benefits (if any), as well as gaining any advantages beyond the normal scope of trading, or engaging in any behavior that violates the customer agreement, product disclosure statements, or other legal disclosure documents, this platform has the absolute right to revoke or suspend your trading, determine that the customer loses eligibility for the activity according to these rules, and reclaim any bonuses already paid. Any obligations of this platform in this activity will be revoked.
If at any time, under the laws of a jurisdiction, any provision of these rules or any part thereof is illegal, void, or unenforceable in any respect, such provision shall not affect or impair the legality, validity, or enforceability of the other provisions of these rules in that jurisdiction, and it shall not affect or impair the legality, validity, or enforceability of such provision in other jurisdictions.