Trade objectives
MFA Traders
Trade objectives
MFA Traders
Trade objectives
MFA Traders
Familiarize yourself with the key rules applicable to each phase of trading and to your MFA account.
Familiarize yourself with the key rules applicable to each phase of trading and to your MFA account.
Familiarize yourself with the key rules applicable to each phase of trading and to your MFA account.
1-phase
challenge
1-phase challenge
2-phase
challenge
2-phase challenge
Instant
account
Instant account
Instant
account
1-phase challenge
1-phase
challenge
1-phase challenge
1-PHASE CHALLENGE
1-PHASE CHALLENGE
Profit target
Profit target
Profit target
The profit target defines the minimum simulated profit from closed positions on the assigned account that must be achieved in order to proceed to the next phase.
The simulated profit that must be achieved in Phase 1 of the MFA Challenge is 8% of the initial simulated capital.
All positions must be closed before the profit target can be verified.
The profit target defines the minimum simulated profit from closed positions on the assigned account that must be achieved in order to proceed to the next phase.
The simulated profit that must be achieved in Phase 1 of the MFA Challenge is 8% of the initial simulated capital.
All positions must be closed before the profit target can be verified.
Example for Challenge MFA Phase 1 worth $50,000:
Profit target = $4,000
Balance required to pass = $54,000
Example for Challenge MFA Phase 1 worth $50,000:
Profit target = $4,000
Balance required to pass = $54,000
1-PHASE CHALLENGE
1-PHASE CHALLENGE
Daily loss limit
Daily loss limit
Daily loss limit
The daily loss limit is the limit below which equity (including open positions, commissions, and swaps) cannot fall at any time. If equity falls below the limit, the rule will be considered violated.
The limit is calculated daily at midnight Central European Time (CET) using the formula “account balance at midnight Central European Time (CET) on the previous day - 3.5%.”
On the first day, the account balance used to calculate the limit is the initial simulation capital.
The limit can increase and decrease.
The daily loss limit is the limit below which equity (including open positions, commissions, and swaps) cannot fall at any time. If equity falls below the limit, the rule will be considered violated.
The limit is calculated daily at midnight Central European Time (CET) using the formula “account balance at midnight Central European Time (CET) on the previous day - 3.5%.”
On the first day, the account balance used to calculate the limit is the initial simulation capital.
The limit can increase and decrease.
Example for an account worth $50,000:
Limit on day 1:
Initial simulated capital = $50,000
Calculation = $50,000 – 3.5% = $48,250
Limit on day 1 = $48,250
Limit on day 2:
Balance at midnight Central European Time (CET) between day 1 and day 2 = $52,000
Calculation = $52,000 – 3.5% = $50,180
Limit on day 2 = $50,180
Limit for day 3:
Balance at midnight Central European Time (CET) between day 1 and day 2 = $51,000.
Calculation = $51,000 – 3.5% = $49,215.
Limit for day 3 = $49,215
Example for an account worth $50,000:
Limit on day 1:
Initial simulated capital = $50,000
Calculation = $50,000 – 3.5% = $48,250
Limit on day 1 = $48,250
Limit on day 2:
Balance at midnight Central European Time (CET) between day 1 and day 2 = $52,000
Calculation = $52,000 – 3.5% = $50,180
Limit on day 2 = $50,180
Limit for day 3:
Balance at midnight Central European Time (CET) between day 1 and day 2 = $51,000.
Calculation = $51,000 – 3.5% = $49,215.
Limit for day 3 = $49,215
1-PHASE CHALLENGE
1-PHASE CHALLENGE
Maximum loss
Maximum loss
Maximum loss
The maximum loss limit is the threshold below which equity (including open positions, commissions, and swaps) cannot fall at any time. If equity falls below this limit, the rule will be considered violated.
The maximum loss amount is 10% of the initial simulation capital.
The maximum loss limit is the threshold below which equity (including open positions, commissions, and swaps) cannot fall at any time. If equity falls below this limit, the rule will be considered violated.
The maximum loss amount is 10% of the initial simulation capital.
Example for Challenge MFA Phase 1 worth $50,000:
on an account worth $50,000, losses cannot exceed $5,000.
Example for Challenge MFA Phase 1 worth $50,000:
on an account worth $50,000, losses cannot exceed $5,000.
2-phase challenge
2-phase
challenge
2-phase challenge
2-PHASE CHALLENGE
2-PHASE CHALLENGE
Profit target
Profit target
Profit target
You must achieve a specific profit target for your initial balance in both Phase 1 and Phase 2 of the MFA Challenge.
The profit target is the required sum of closed positions on the assigned account, achieved at any time during the unlimited trading period. To proceed to the next phase, all positions must be closed.
In the 2-phase MFA Challenge, you must achieve:
Standard Account: Phase 1 -> 10%, Phase 2 -> 5%
Professional Account: Phase 1 -> 8%, Phase 2 -> 5%
You must achieve a specific profit target for your initial balance in both Phase 1 and Phase 2 of the MFA Challenge.
The profit target is the required sum of closed positions on the assigned account, achieved at any time during the unlimited trading period. To proceed to the next phase, all positions must be closed.
In the 2-phase MFA Challenge, you must achieve:
Standard Account: Phase 1 -> 10%, Phase 2 -> 5%
Professional Account: Phase 1 -> 8%, Phase 2 -> 5%
Example for the STANDARD Phase 2 MFA Challenge worth $120,000:
Phase 1
Profit target = $12,000
Balance required to pass = $132,000
Phase 2
Profit target = $6,000
Balance required to pass = $126,000
Example for the STANDARD Phase 2 MFA Challenge worth $120,000:
Phase 1
Profit target = $12,000
Balance required to pass = $132,000
Phase 2
Profit target = $6,000
Balance required to pass = $126,000
2-PHASE CHALLENGE
2-PHASE CHALLENGE
Daily loss limit
Daily loss limit
Daily loss limit
This trading goal is the first rule of risk management. It can be considered a daily loss limit on the account, after which traders should refrain from trading. By default, the maximum daily loss is always 4% or 5% of the initial account balance, depending on the account type.
Exceeding the maximum daily loss limit is considered a violation of the basic principle of the MFA Challenge, and the MFA Challenge is considered unsuccessful.
In the 2-phase MFA Challenge, the maximum daily loss is:
Standard Account: 5%
Professional Account: 4%
This trading goal is the first rule of risk management. It can be considered a daily loss limit on the account, after which traders should refrain from trading. By default, the maximum daily loss is always 4% or 5% of the initial account balance, depending on the account type.
Exceeding the maximum daily loss limit is considered a violation of the basic principle of the MFA Challenge, and the MFA Challenge is considered unsuccessful.
In the 2-phase MFA Challenge, the maximum daily loss is:
Standard Account: 5%
Professional Account: 4%
Example for the STANDARD Phase 2 MFA Challenge with a value of $120,000:
Limit on Day 1:
Initial simulated capital = $120,000
Calculation = $120,000 – 5% = $114,000
Limit on Day 1 = $114,000
Limit on Day 2:
Balance at midnight Central European Time (CET) between Day 1 and Day 2 = $122,000
Calculation = $122,000 – 5% = $115,900
Limit on Day 2 = $115,900
Limit for Day 3:
Balance at midnight Central European Time (CET) between Day 2 and Day 3 = $121,000.
Calculation = $121,000 – 5% = $114,950.
Limit for Day 3 = $114,950
Example for the STANDARD Phase 2 MFA Challenge with a value of $120,000:
Limit on Day 1:
Initial simulated capital = $120,000
Calculation = $120,000 – 5% = $114,000
Limit on Day 1 = $114,000
Limit on Day 2:
Balance at midnight Central European Time (CET) between Day 1 and Day 2 = $122,000
Calculation = $122,000 – 5% = $115,900
Limit on Day 2 = $115,900
Limit for Day 3:
Balance at midnight Central European Time (CET) between Day 2 and Day 3 = $121,000.
Calculation = $121,000 – 5% = $114,950.
Limit for Day 3 = $114,950
2-PHASE CHALLENGE
2-PHASE CHALLENGE
Maximum loss
Maximum loss
Maximum loss
The maximum loss can be considered as the account stop-out. The amount that must not be exceeded is 10% of the initial balance, including the sum of open and closed positions.
This rule applies in both phases 1 and 2.
The maximum loss can be considered as the account stop-out. The amount that must not be exceeded is 10% of the initial balance, including the sum of open and closed positions.
This rule applies in both phases 1 and 2.
Example for the STANDARD Phase 2 MFA Challenge with a value of $120,000:
an account with a value of $120,000 cannot exceed $12,000 in losses.
Example for the STANDARD Phase 2 MFA Challenge with a value of $120,000:
an account with a value of $120,000 cannot exceed $12,000 in losses.
2-PHASE CHALLENGE
2-PHASE CHALLENGE
Minimum number of trading days
Minimum number of trading days
Minimum number of trading days
The minimum number of trading days in Phase 2 of the MFA Challenge is 5 days.
At least one position must be initiated on each of these days. A trading day is any day on which at least one transaction is carried out. If a transaction lasts several days, only the day on which the transaction was initiated counts as a trading day. Transactions do not have to be carried out consecutively.
The minimum number of trading days in Phase 2 of the MFA Challenge is 5 days.
At least one position must be initiated on each of these days. A trading day is any day on which at least one transaction is carried out. If a transaction lasts several days, only the day on which the transaction was initiated counts as a trading day. Transactions do not have to be carried out consecutively.
Please note that the transition to a new trading day varies in different parts of the world and always corresponds to midnight Central European Time (CET), i.e., the time in Poland. The volume of trading activity is not further determined by any instruments, size, or duration and depends solely on you.
Please note that the transition to a new trading day varies in different parts of the world and always corresponds to midnight Central European Time (CET), i.e., the time in Poland. The volume of trading activity is not further determined by any instruments, size, or duration and depends solely on you.
Instant account
Instant
account
Instant account
INSTANT ACCOUNT
INSTANT ACCOUNT
Maximum loss
Maximum loss
Maximum loss
The maximum loss can be considered as a stop-out of the account. The amount that must not be exceeded is 7% or 10% of the initial balance, depending on the account type, including the sum of open and closed positions.
For Instant accounts, the maximum daily loss is:
Core account: 7%
Prime account: 10%
The maximum loss can be considered as a stop-out of the account. The amount that must not be exceeded is 7% or 10% of the initial balance, depending on the account type, including the sum of open and closed positions.
For Instant accounts, the maximum daily loss is:
Core account: 7%
Prime account: 10%
Example for an Instant Prime account with a value of $50,000:
on an account with a value of $50,000, losses cannot exceed $5,000.
Example for an Instant Prime account with a value of $50,000:
on an account with a value of $50,000, losses cannot exceed $5,000.
INSTANT ACCOUNT
INSTANT ACCOUNT
Daily loss limit
Daily loss limit
Daily loss limit
This trading goal is the first rule of risk management. It can be considered a daily loss limit on the account, after which traders should refrain from trading. By default, the maximum daily loss is always 3.5% or 5% of the initial account balance, depending on the account type.
Exceeding the maximum daily loss limit is considered a violation of the basic principle of an Instant account, and the account is considered invalid.
For Instant accounts, the maximum daily loss is:
Core account: 3.5%
Prime account: 5%
This trading goal is the first rule of risk management. It can be considered a daily loss limit on the account, after which traders should refrain from trading. By default, the maximum daily loss is always 3.5% or 5% of the initial account balance, depending on the account type.
Exceeding the maximum daily loss limit is considered a violation of the basic principle of an Instant account, and the account is considered invalid.
For Instant accounts, the maximum daily loss is:
Core account: 3.5%
Prime account: 5%
Example for an Instant Prime Account with a value of $50,000:
Limit on Day 1:
Initial simulated capital = $50,000
Calculation = $50,000 – 5% = $47,500
Limit on Day 1 = $47,500
Limit on day 2:
Balance at midnight Central European Time (CET) between day 1 and day 2 = $52,000
Calculation = $52,000 – 5% = $49,400
Limit on day 2 = $49,400
Limit for day 3:
Balance at midnight Central European Time (CET) between day 2 and day 3 = $51,000.
Calculation = $51,000 – 5% = $48,450.
Limit for day 3 = $48,450
Example for an Instant Prime Account with a value of $50,000:
Limit on Day 1:
Initial simulated capital = $50,000
Calculation = $50,000 – 5% = $47,500
Limit on Day 1 = $47,500
Limit on day 2:
Balance at midnight Central European Time (CET) between day 1 and day 2 = $52,000
Calculation = $52,000 – 5% = $49,400
Limit on day 2 = $49,400
Limit for day 3:
Balance at midnight Central European Time (CET) between day 2 and day 3 = $51,000.
Calculation = $51,000 – 5% = $48,450.
Limit for day 3 = $48,450