Black pepper
Hot-Seat Unique ProgrammeThe Hot-Seat Programme makes the largest account in the 2-Step Challenge Programme available for just €1499, with a total of €300k.
It is unique due to account size, profit sharing, payout frequency, and scalability. General rules and conditions are the same as in the Classical 2-Step Programme.
After two profitable months with Hot-Seat Programme in a row you will receive:
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Cost of the programme €1499
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Capital is scaled up by 50%
(in the classic programme by 40%) -
Payouts possible every 7 days
(in the classic programme 14 days) -
Profit distribution for the trader 90%
(in the classic 80%) -
Maximum level of scaling up to 2 million
(in the classical programme to 1 million) -
Only one account per Hot-Seat trader is possible
General rules and conditions
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Stop-Loss is not required.
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Expert Advisors can be used.
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Overnight and over the weekend can be held.
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Depending on programme profit sharing starts from 60% to 90% for the trader.
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A profitable day is a day on which balance has increased by 0.5% over the previous day's equity/balance (depending on whether there are open trades). For a day to be counted, trades must be closed. Holding open trades does not accrue profit days. All data is read by the system at 6:00 PM New York time. You can check your profitable days on your dashboard by going to the challenge details.
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After successfully completing two challenges, the trader receives a refund which will count towards the first payout.
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Withdrawals are available 14 days after receipt of the simulated funded account, then 14 days after the last withdrawal (14 days start from the date of the first executed trade). For Black Pepper challenge withdrawals possible every 7 days.
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Copying other traders' signals / accounts is prohibited.
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An inactive account is an account with 21 days of no trading activity.
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If the account reaches a daily loss of 5,5% of the balance (2.5% on Jalapeño), it will be closed. The daily loss is based on the previous day's equity as of 18:00 New York time.
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Trading on important news (with high market impact) is not prohibited. But it must be note that during a high-impact news event, during volatile moments there might be a slippage (i.e. difference between the expected price of a trade and the price at which the trade is executed). Slippage can not be controlled by company side.
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All accounts, excluding Jalapeño, on simulated funded have an acceptable daily drawdown limit of 4.5%. The total loss limit still remains the same as on challenge and is 11%.