Ask us anything.Here first.

A one-time fee buys one account at the size you pick. The 2-step and the 1-step put an evaluation in front of the funded account; instant funding starts funded from your first trade. Losses on the simulated account are ours, not yours: the fee is what you risk. At your first payout on a funded account you choose to have that fee back or to take a free account of the same size.

The account closes and that fee is spent. Nothing else follows: no cooldown, no ban, and a breach on one account never touches another you bought. A closed account cannot request a payout either, because the payout check requires an account still in the funded state, so profit left sitting in it goes with it.

Yes, while an evaluation account is active: Evaluation or Verification on a 2-Step, or Evaluation on a 1-Step. A reset costs 50% of the account's list price. When your payment is confirmed, your current account closes and a fresh account of the same size starts at the first phase, on the product's current rules. Breached accounts can't be reset, and funded and Instant Funding accounts don't have the option. A reset can't be started while the account has open positions or pending orders, or once you've met every objective of the phase.

Three numbers. The daily loss limit, 5% on the 2-step and 4% on the 1-step and instant funding, measured from your equity at the 17:00 New York reset. The maximum drawdown, 10% on the 2-step and 8% on the 1-step and instant funding, static. And the margin ceiling: open positions may not tie up more than 70% of your equity as margin. All three are computed on equity including open positions, all three are checked on every tick, and all three are drawn in your dashboard by the same engine that enforces them. On funded and instant accounts, a news-rule violation after a warning also ends the account (the FAQ explains the news-trading rule).

It is a fixed floor, not a trailing one. On the day your account opens we take the starting balance, subtract 10% on the 2-step and 8% on the 1-step and instant funding, and that number is your floor for the life of the account. It never rises as you profit and it never falls as you lose, so profit you make above it is headroom you keep rather than a floor that climbs behind you. It is measured on equity including open positions and checked on every tick.

Not allowed, on any account we sell: expert advisors (EAs), trading bots and any other algorithmic or automated trading; weekend trading, including holding positions over the weekend; and copy trading. Every trade must be placed by you, by hand. Close your positions before the market closes on Friday, and do not place trades until it reopens. Latency arbitrage and other strategies that exploit the simulation rather than the market are not allowed either. News trading is allowed during the challenge; once funded, the news-trading rule applies.

It applies to funded and instant accounts bought or issued on or after 28 September 2026. You may not open or close a trade on an affected instrument from 5 minutes before to 5 minutes after a high-impact (red folder) release with a set time, as shown on the portal calendar. Which instruments a release affects depends on its currency: USD releases cover AUDUSD, BTCUSD, ETHUSD, EURUSD, GBPUSD, NAS100, NZDUSD, SPX500, UKOIL, US30, USDCAD, USDJPY, USOIL, XAGUSD and XAUUSD; EUR releases cover EURGBP, EURJPY, EURUSD and GER40; GBP releases cover EURGBP, GBPJPY and GBPUSD; JPY releases cover EURJPY, GBPJPY and USDJPY; AUD releases cover AUDUSD; CAD releases cover USDCAD; NZD releases cover NZDUSD. Releases in any other currency affect nothing. Stop-loss hits and closes made by the platform (stop-out, the loss limits, the margin cap) don't count; closing by hand or by take-profit does. Challenge and verification phases are not affected. The first time, profit from those positions is excluded from your payout and we contact you with a warning. A violation after that warning ends the account, and unpaid profit is forfeited. You can buy a new challenge at any time.

Not a cap on the trading. Funded accounts carry a consistency rule: no single day should account for more than 40% on the 2-step and the 1-step and 30% on instant funding of the profit in a cycle. Exceeding it is recorded against the account and the ratio is on your dashboard, but it is not one of the three limits that close an account. Separately, 30 days with no trade at all closes one; placing a trade resets that clock.

A rating every funded trader carries, starting at 1000. Paid payouts, profitable days, active weeks and clean weeks raise it; losing days, near-miss days, breaches and inactivity closes lower it. It exists from your first funded account, moves only from funded accounts, and stays with you between accounts. Every point is listed in your portal beside the event that produced it.

No. Nobody plays anybody. Points are added and subtracted from your own record, and the season resets everyone together. The name is the label; the rule is the table on the rating page.

Seasons are 13 weeks. At the end every rating resets to 1000, so a tier is something you hold for a season and earn again. Reaching 2000 before that prestiges you: the rating drops by 1000 and the Erudite perks stay with you permanently.

One rating, one trader. Weekly points count once however many accounts you hold, and a bad day counts once however many mirrored accounts shared it. A breach counts per account, because each one is a real closed account.

Yes. A losing day costs 5 and a breach costs 150 per account, so a losing stretch takes you below 1000, into Bronze, until you earn it back. Nothing about your account's terms changes when it does; the rating describes, it never enforces.

A season-long set of rewards that runs with each Erudite ELO season, open to every trader with an active trading account. There is one pass per trader, covering all of your trading accounts, with 40 tiers, and it is never sold. Each tier unlocks a reward you claim in your trader portal: Erudite coins, coupons, free challenge accounts, cases, or cosmetics for your public profile that only exist for that season.

Four ways: 20 XP for each trading day inside the rules (a day you close a trade and none of your accounts has an account-ending breach), 100 XP for each clean week (at least 3 such days and no breach), 300 XP for each evaluation phase you pass and 400 XP for each payout paid. Every 200 XP unlocks a tier. A trading day ends at 5pm New York time and counts once it is over. Placing more trades never earns more XP.

Season-only cosmetics for your public profile on 18 of the 40 tiers in Season 1, from animated rings and holographic banners to coin rain, lightning and shooting stars, and emblem skins for your profile picture on the last tiers, up to a chart going parabolic on tier 40. They are never sold in the shop and can't be unlocked once the season ends, so wearing one shows you were there. Coupons on tiers 8, 13, 18, 23, 28 and 36. A Genesis case on tiers 4, 9, 17, 24, 29, 34 and 39. A free 2-Step challenge on tier 15 and a larger one on tier 30. Coins on the rest, rising through the season. Your highest claimed tier shows as a badge on your public profile.

Any trader with an active trading account, meaning one that hasn't breached or closed. Without one, your XP still counts and your rewards wait for you. A season's rewards can be claimed until the end of the following season.

A case gives you one reward, drawn at random: a cosmetic for your public profile from the case's own collection of items found nowhere else (12 in the Genesis case), Erudite coins, a coupon, or a free challenge account. You get one on tiers 4, 9, 17, 24, 29, 34 and 39 of the battle pass, or for coins in the Erudite Shop (the Genesis case for 1,500 coins), and you open them in the shop. Cases are never sold for money, and nothing that comes out of one can be exchanged for money: coins and coupons are spent with us, and a free challenge is an evaluation you pass like any other.

Every case shows everything inside it and the odds of each before you open it. The Genesis case: common 55% (a common cosmetic 30%, 500 coins 25%); rare 30% (a rare cosmetic 15%, 1,000 coins 9%, a €10 coupon 6%); epic 12% (an epic cosmetic 6%, 2,500 coins 3%, a €25 coupon 3%); legendary 3% (a legendary cosmetic 1.2%, a €50 coupon 0.8%, a free 2-Step challenge 1%). A cosmetic is one of that rarity you don't own yet, each equally likely, so a case never gives you a copy. If you already own every one of the rarity drawn, you get coins instead: 200 for common, 500 for rare, 1,250 for epic and 3,000 for legendary. A free challenge is the smallest one of its kind on sale when you open the case, and if it can't be issued right then, you get its price in coins instead.

Each evaluation phase needs trades on at least 4 days, so the floor is the 2-step in 8 trading days and the 1-step in 4 trading days. Instant funding skips evaluation entirely and is funded from the first trade. There is no limit in the other direction: no phase carries a maximum number of days, so take as long as you need.

8% then 5% on the 2-step and 10% on the 1-step, measured on the balance the phase started with, with the daily and drawdown limits running underneath the whole time. Instant funding has no target at all, because there is no phase to pass.

Yes, before your first payout rather than before your first trade. The payout check reads verification status directly: an account whose KYC is not approved cannot request money out, however well it traded. Doing it early is the difference between money that lands the day the window opens and money that waits on paperwork.

Leverage is set by what you trade, not by who you are: 1:100 on forex, 1:40 on metals and indices, 1:50 on oils and 1:3 on crypto. Your account carries its own ceiling on top of that — 1:100 on the 2-step, 1:50 on the 1-step and 1:30 on instant funding — and a ceiling can only tighten what an instrument offers, never loosen it. Instant funding, capped at 1:30, trades forex, metals, indices and oils at 1:30 and leaves crypto at 1:3 — already stricter than the ceiling.

Because margin is priced against how far a thing can move while you are unable to close it. A major currency pair moving 1% is a notable day; BTCUSD can do that before you finish reading this answer, and it trades through the weekend when nothing else does. At forex leverage, one gap of that size would take a full-size position past the drawdown floor before a stop could fill. The lower figure is not us being careful with our money — it is the number that leaves the floor reachable by trading rather than by arithmetic.

Leverage decides how large a position your balance can hold, and holding one consumes margin. You may not tie up more than 70% of your equity at once. The platform does not refuse an order that crosses the line, so the check is yours to make before you click: go past it, by opening a position too large for it or by a losing position eating into your equity, and the account closes. The terminal shows margin used and your margin level live, next to equity, so it is a number you can watch rather than one that arrives as a surprise.

Because margin you have already committed is margin you cannot use to survive a move against you. An account with everything tied up has no room at all: the first adverse tick starts forcing closes, and the position that got you there is the one that decides how the account ends. Holding the last 30% back is what leaves a losing trade recoverable. Treat it as a size limit rather than a line to trade up to — sitting at exactly 70% margin used means the next tick against you ends the account, with your drawdown limit still untouched.

Your payouts are real money. The trading is not: evaluations and funded accounts run on simulated capital priced against live market data, so nothing you open reaches a live venue and no loss on the account is ever yours to cover. The fee is what you risk. The split is what you earn.

Your share is 80% on the 2-step and the 1-step and 60% on instant funding. The first request opens 30 days after the account is funded, and each later window opens 14 days after the last payout. Both windows count calendar days, and neither asks you to trade on them. The minimum request is €100.00, and money goes out by bank transfer or crypto (BTC, ETH, USDT, USDC). Fees are deducted from the amount sent, and crypto is converted at the rate on the day we send.

We are a young firm, and we would rather make a promise we can keep than one that only looks good on a comparison table. The 30 days before your first payout let us build a substantial reserve behind every funded account, so that every approved payout is paid in full and on time, however many traders request one in the same week. After your first payout the schedule moves to every 14 days. The 30 days count from the day your funded account is issued, and nothing asks you to trade on them.

Yes. A single payout can be at most 10% of the account's starting size, so 10K on a 100K account, whatever the profit. Profit above that is forfeited when the payout is paid, and the account carries on from its starting balance. A 100K account at 130K pays out 10K and restarts at 100K; the other 20K is gone. If you request less than the maximum, the part you left inside it stays on the account for your next payout.

You trade in SentryFX, the terminal and matching engine we wrote ourselves, with charting from TradingView so the tools are the ones you already use. The universe is FX majors and crosses, gold and silver, index CFDs, WTI and Brent crude, and the two large crypto pairs. Leverage is set per asset class rather than one figure across the board — 1:100 on forex, 1:40 on metals and indices, 1:50 on oils and 1:3 on crypto.

Loyalty points you earn by passing evaluations and getting paid. You spend them in the Erudite Shop in your trader portal on challenge accounts, coupons, cases and cosmetics for your public profile. Coins have no cash value and change nothing about your accounts, your rules, your payouts or your rating.

Four ways. Passing an evaluation phase earns 10 coins for every 1,000 of the account's size, so 1,000 for a phase on a 100K account. Every paid payout earns 250 coins, plus 1 coin for every 1 paid to you, so 2,250 for a 2,000 payout. The battle pass pays coins on many of its tiers. And every achievement level pays coins when you reach it. Placing more trades earns nothing. Coins show in your wallet the next time you open the shop, and coins earned on an account whose purchase is later refunded are taken back.

No. Coins are earned only. They can't be bought, exchanged for money, withdrawn or transferred to another trader.

Four things. Challenge accounts: any 1-Step or 2-Step evaluation, at 100 coins for every 1 of its price, so one that sells for €89 costs 8,900 coins. Coupons: €10 off for 1,000 coins, €25 off for 2,500 coins and €50 off for 5,000 coins. Cosmetics that show on your public profile: profile skins, banner skins, borders for your profile picture, emblem skins drawn around your profile picture and particle effects, priced by rarity at 750 coins for common, 2,000 for rare, 5,000 for epic and 12,000 for legendary. And cases: the Genesis case for 1,500 coins.

An account bought with coins is issued straight away and is exactly the same as one bought with money: same rules, same payouts. Instant accounts are sold for money only. A coupon is a code for a fixed amount off one challenge you buy in the store. It works once, only on your own trader account, and lasts 90 days. If an account bought with coins is refunded or can't be issued, the coins go back to your wallet.

Yes. You buy an item once and keep it, wear one of each kind at a time, and can swap or take them off whenever you like.

Your permanent record. Each achievement is a ladder of levels you climb by doing well: payouts paid to you, the total paid out to you, evaluations you pass into a funded account, clean trading days, battle pass seasons you complete and case collections you complete. Every level gives a title you can wear under your name on your public profile and pays Erudite coins, and the top of each ladder gives a cosmetic that is never sold. A level you reach is yours for good. Achievements never count accounts you buy, trades you place or volume, so nothing rewards failing and buying again, or overtrading.

Payouts: First payout at 1 (100 coins), Consistent at 5 (250 coins), Payout regular at 10 (500 coins), Cash machine at 25 (1,000 coins) and Payout legend at 50 (2,000 coins and the Money printer item). Paid out: Four figures at €1,000 (100 coins), Five figures at €10,000 (250 coins), Serious money at €25,000 (500 coins), High earner at €50,000 (1,000 coins) and Six figures at €100,000 (2,000 coins and the Six figures item). Funded: Funded trader at 1 (250 coins), Triple funded at 3 (500 coins), Five-time funded at 5 (1,000 coins) and Ten-time funded at 10 (2,000 coins and the Laurel ring item). Discipline: Disciplined at 30 (100 coins), Rule keeper at 100 (500 coins) and Unbreakable at 250 (1,500 coins and the Unbreakable item). Battle pass: Completionist at 1 (250 coins), Season veteran at 2 (500 coins) and Pass legend at 4 (1,000 coins and the Veteran ring item). Collector: Collector at 1 (500 coins and the Collector item).

A payout counts once it is paid, and money paid out is counted in euros. A funded account counts when you pass the evaluation that opens it; instant accounts are bought funded, so they don't count. A clean trading day is one where you close at least one trade and none of your accounts has a breach that ends it, the same days the battle pass counts, and they count in total, not in a row, so there is no reason to trade every day. A battle pass season counts once you claim every tier, and a case collection once you own every item in it. Levels, coins and items show in your trader portal the next time you open your achievements or the shop.