At Funding Rock, we believe in providing traders with a fair and transparent environment to succeed.
To maintain consistency and protect accounts, we've outlined a few simple but important rules that every trader must follow. Below is a breakdown of the key rules you need to understand before and during your evaluation or funded trading phase:
1. Drawdown
How It Works:
Starts from your initial balance and doesn't move
Violation Example: On a $100,000 account, if Drawdown is 10% from your initial balance, your equity can’t drop below $90,000 (This 24-hour period starts at 00:00 GMT+3 server time)
Key Tip: Always track your equity, not just your balance.
2. Daily Drawdown
What It Is: The max amount you can lose in a single day.
Example: 5% of starting balance or equity whichever is biggest (e.g., $5,000 on a $100k account). If your floating loss becomes greater then $5,000 on the day your challenge will come to an end.
Tip: Set daily loss limits and use stop-loss orders to prevent yourself hitting that daily level
3. News Trading
What’s Restricted:
No trading 2 minutes before or after high-impact news during Evaluation or Funded
If a trade is already opened from earlier in the session then you can hold the trade, but you cannot open a new trade within that 4 minute window
Examples: NFP, CPI, FOMC events.
Tip: Use Forex Factory to stay up-to-date with upcoming news
3. Minimum Trading Days
How It Works:
Traders will have to trade at least 4 days before passing to the next level
Example: Day 1 of starting your challenge you hit the profit target of 8%, you will need another 3 days of trading to complete that phase and move on.
4. Minimum Trade Duration
How It Works:
Traders are required to hold trades for at least 2 minutes. This is a soft rule and will only be enforced if there is a clear pattern of abuse.
We understand that in normal trading conditions, traders may need to close positions earlier. In these legitimate cases, no penalties will be applied.