Mini pepper is a classic two-stage challenge with the ability to scale up to €500,000
| Cost of the programme | €45 |
| Trading account size | €6K |
| Profit sharing starts at | 80% |
| Profitable days, min. | 3 |
| Drawdown max. | daily 5.5% total 11% |
| Profit goals | 7.5% for Step 1; 5% for Step 2 |
| Number of accounts, max | 1 |
| Trading period max. | Unlimited |
| Assets | Forex, Indices, Metals, Stocks, Commodities, ETF's |
| Leverage | 1:100 |
The account size on a simulated funded account increases by 40% each time a trader closes with a profit for two consecutive months. The maximum account size after scaling is €500,000. To qualify for a 40% account increase, the trader's two-month profit must be at least 10% (including two months) of the account balance at the beginning of the period.
| Min. profit level | 7.5% |
| Max. total drawdown | 11% |
| Max. drawdown | daily 5,5% |
| Min. profitable trading days | 3 |
| Trading period | Unlimited |
| Min. profit level | 5% |
| Max. total drawdown | 11% |
| Max. drawdown | daily 5,5% |
| Min. profitable trading days | 3 |
| Trading period | Unlimited |
Stop-Loss is not required.
Expert Advisors can be used.
Overnight and over the weekend can be held.
Depending on programme profit sharing starts from 60% to 90% for the trader.
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.
After successfully completing two challenges, the trader receives a refund which will count towards the first payout.
Withdrawals are available 14 days after the first executed trade on the simulated funded account, then 14 days after the last withdrawal. For Black Pepper challenge withdrawals possible every 7 days.
Copying other traders' signals / accounts is prohibited.
An inactive account is an account with 21 days of no trading activity.
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.
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.
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%.
