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RULES CENTER

Every rule. Explained precisely.

Published terms, worked calculations and a clear record of what is set out in the Program Rules shown at checkout.

How to read this page. Every value marked "Published term" is a current indicative program term. Everything marked "Confirmed in the Program Rules before purchase" is confirmed in the Program Rules shown at checkout. Examples are illustrative calculations only, using a $10,000 virtual account.

Published termConfirmed in the Program Rules before purchaseIllustrative example
01

Key terms: balance vs. equity

Balance

The account value counting only closed trades. It changes when a position is closed.

Equity

Balance plus or minus the floating profit or loss of open positions. It changes with every price tick.

Floating P/L

Unrealised profit or loss on positions that are still open.

Loss floor

The equity level that must never be touched. Reaching it is a breach.

Why it matters: all three models list their daily loss as equity-based. Open losing trades count immediately — you can breach without closing a single trade. Published term

02

The three models, phase by phase

Comparison of reference terms by model
TermTwo-step Simulated accountOne-step Simulated accountXAU Direct Simulated account
PhasesStep 1 → Step 2 → XAU Funded accountStep 1 → XAU Funded accountXAU Funded account
Profit target10% / 5%10%None
Daily loss (equity)5%3%3%
Maximum loss10% static6% trailing (equity high)5% trailing (equity high)
Minimum trading daysStep 1: 5 · Step 2: 5 · XAU Funded account: 0Step 1: 5 · XAU Funded account: 0XAU Funded account: 5
Consistency ruleNoneNone20%
Gold leverage by phaseStep 1 1:20 · Step 2 1:20 · XAU Funded account 1:10Step 1 1:10 · XAU Funded account 1:10XAU Funded account 1:10
Reward share80%80%80%
Reward request interval5 days5 days14 days

Step models have no consistency rule. The Program Rules shown at checkout govern. Published term

No challenge. Start directly in a simulated XAU Funded account.

Two-step Simulated account
  1. Step 1Target 10%
  2. Step 2Target 5%
  3. XAU Funded accountSimulated accountNo target
One-step Simulated account
  1. Step 1Target 10%
  2. XAU Funded accountSimulated accountNo target
XAU Direct Simulated account
  1. XAU Funded accountSimulated accountNo target
03

Profit targets

A target is a percentage of the initial virtual balance that must be reached to complete an evaluation phase. XAU Direct (simulated accounts) have no target. Published term

Illustrative example

Two-step, Step 1

Initial balance
$10,000
Target 10%
+$1,000
Level to reach
$11,000
The target counts when the closed-trade balance reaches the target, no positions are open, and the minimum trading days are met. No limit may be breached.
Illustrative example

Two-step, Step 2

Initial balance
$10,000
Target 5%
+$500
Level to reach
$10,500
The target counts when the closed-trade balance reaches the target, no positions are open, and the minimum trading days are met.
04

Daily loss limit and daily reset

The daily loss limit caps how far equity may fall within one trading day. It is equity-based in every model: floating losses count. Published term

Daily loss floor = start-of-day balance (closed trades only) minus the model’s daily loss percentage of the initial balance. Equity (including floating losses) must stay above the floor at all times. Published term

  • Daily reference: start-of-day balance (closed trades only).Published term
  • Daily percentage: calculated from the initial balance, not the start-of-day balance.Published term
  • Daily reset: 00:00 Dubai time (GMT+4), Match-Trader server time.Published term
Illustrative example

Breach by floating loss — Two-step 5%

Start-of-day balance
$10,000
Daily limit 5%
−$500 → $9,500
Closed trades today
−$200 → balance $9,800
Open position floating
−$320
Equity
$9,480
Breach: equity $9,480 is below $9,500, although the balance still shows $9,800.
Illustrative example

Within the limit

Start-of-day balance
$10,000
Lowest equity today
$9,560
Headroom left
$60
No breach. At the next daily reset, the new floor is the balance at that moment minus 5% of the initial balance.
05

Maximum loss: static and equity trailing

Two-step — 10% static

Two-step: 10% static. The floor is the initial balance minus 10% of the initial balance, and it never moves.

Published term

One-step — 6% trailing (equity high)

One-step (simulated accounts): 6% trailing the highest equity (including floating profit), in both the challenge and XAU Funded phases. The floor rises with the highest equity minus 6% of the initial balance, never moves down, and locks once it reaches the initial balance.

Published term

XAU Direct (simulated accounts) — 5% trailing (equity high)

XAU Direct (simulated accounts): 5% trailing the highest equity (including floating profit). The floor never moves down, including after a reward, and it locks once it reaches the initial balance.

Published term

Equity, including all floating profit and loss, is checked against the maximum-loss floor at all times. Touching the floor is a breach. Published term

Illustrative example

Static floor — Two-step 10%

Initial balance
$10,000
Floor
$9,000
Account grows to
$10,800
Floor after growth
$9,000
The static floor never moves; growth increases your headroom.
Illustrative example

Equity trailing — One-step 6%

Initial balance
$10,000
Initial floor
$9,400
Equity high (including floating profit) → floor rises
$10,300 → $9,700
New intraday equity high → floor rises
$10,500 → $9,900
Equity high → locked floor
$10,600 → $10,000
The floor rises with the highest equity, including floating profit, never moves down, and locks at the initial balance. This applies in both the challenge and XAU Funded phases.
Illustrative example

Trailing floor — XAU Direct (simulated account) 5%

Simulated account
Initial floor
$9,500
New high reached
$10,400
Floor moves to
$9,900
Equity falls to
$9,870
Breach — even though equity is below the starting balance by only $130. The floor locks at the initial balance ($10,000) once the equity high reaches $10,500.
06

Minimum trading days

Step models: 5 days in each evaluation phase, 0 in the simulated XAU Funded account. XAU Direct (simulated accounts): 5 days. Reaching a target early does not complete a phase before the minimum is met. Published term

No time limit to complete a challenge Published term

Trading day: a calendar day in Dubai time (GMT+4, Match-Trader server time) on which at least 1 trade is opened. Applies to all models. Published term

XAU Direct simulated accounts: the first reward requires at least 5 trading days and 14 days from the first trade. Published term

07

Consistency rule

Simulated account

XAU Direct: 20%. Your best single trading day's simulated profit may not exceed this share of total simulated profit since your last reward. Exceeding it is not a breach: keep trading until the share is back within the limit, then request a reward. Step models have no consistency rule. Published term

Illustrative example

XAU Direct — 20%

Simulated account
Total simulated profit
$1,000
Best-day limit
$200
Best day actually
$400
Not a breach. Keep trading until total simulated profit is at least $2,000.
Examples

Trailing and consistency, step by step

Maximum loss: static or trailing

The maximum loss floor is the equity level your simulated account must stay above. In Two-step it never moves. In One-step and the XAU Direct it follows your highest equity, including floating profit, until it reaches the initial balance, then it stays there.

Example A — Two-step $10,000, 10% static

The floor is $9,000 and never moves, even if equity rises.

Example B — One-step $10,000, 6% trailing (6% = $600)

One-step trailing example
What happensHighest equityFloor
1. Start$10,000$9,400
2. Equity rises to $10,300, including an open trade$10,300$9,700
3. Equity falls back to $10,000
The floor never moves down		$10,300$9,700
4. Equity rises to $10,600
The floor reaches the initial balance and locks		$10,600$10,000
5. Equity rises to $11,500
Stays locked at the initial balance		$11,500$10,000

Example C — XAU Direct $10,000, 5% trailing (5% = $500)

XAU Direct trailing example
What happensHighest equityFloor
1. Start$10,000$9,500
2. Equity rises to $10,200$10,200$9,700
3. Equity rises to $10,500
Locked at the initial balance		$10,500$10,000
4. After a reward
The floor stays where it is and does not move down		—Stays where it is

Floating profit counts. If an open trade reaches +$300 and you close it at +$50, the floor has still moved up by $300.

Consistency rule (XAU Direct only)

What is XAU Direct? It's our instant account: no evaluation phases. You buy it and trade the simulated XAU Funded account from day one, and can request a reward once the reward conditions are met. XAU Direct comes in $5,000 to $100,000. Two-step and One-step are evaluations: you pass the steps first, and have no consistency rule.

Your best single trading day's simulated profit may not be more than 20% of your total simulated profit since your last reward. Going over it is not a breach. You keep trading, and you can request a reward once your best day is back within the limit. Two-step and One-step have no consistency rule.

Example D — XAU Direct $10,000, 20%

  • You trade an XAU Direct $10,000 account (20% rule). Since your last reward you made $1,000 in total, and your best single day was $300. $300 is 30% of $1,000, which is above 20%, so you can't request a reward yet. This is not a breach: your account stays open.
  • To get back within the limit, total profit needs to reach $1,500, because $300 is 20% of $1,500. Once total profit is $1,500 or more, with no new day bigger than $300, you can request a reward.

Profit needed = best day ÷ consistency %.

Why this rule? It makes sure rewards come from steady trading over several days, not from one lucky day.

Examples are illustrative. The Program Rules shown at checkout govern.

08

Reward eligibility and timing

TermIndicative valueStatus
Reward share80 / 20Published term
Reward request interval5 days (step) · 14 days (XAU Direct, simulated)Published term
Minimum request1%Published term
First step-model rewardStep-model XAU Funded account (simulated): first reward request 5 calendar days from the first trade in that account, then every 5 days. Minimum request: 1% of the initial balance.Published term
Optional add-ons90% share: +25% fee, all models. 7-day cycle: +20% fee, Direct only.Published term

Reward basis

Rewards are the trader share of closed simulated profit above the initial balance: 80%, or 90% with the optional add-on. Rewards are conditional on the Client Agreement and Program Rules and are not guaranteed; they are not withdrawals of virtual balance.

Step-model reward timing

Step-model XAU Funded account (simulated): first reward request 5 calendar days from the first trade in that account, then every 5 days. Minimum request: 1% of the initial balance.

After a reward

After each reward, step-model account balances reset to the initial balance. For XAU Direct (simulated accounts), the maximum-loss floor never moves down after a reward; excess profit above the first-two-reward caps remains for the next request.

Review and payment

We aim to complete review within 10 business days (Client Agreement 7.2). Payment is within 3 business days after approval, via our payment provider: USDT on TRC20 or ERC20, or USDC on ERC20, only to a wallet in the trader’s own name (Client Agreement 7.6). Network fees may apply. Rewards are conditional and not guaranteed.

Fee reimbursement — step models only

Step models only: the challenge fee you actually paid (after any discount code) is reimbursed with your first approved reward. Add-ons are not reimbursed. Not offered for XAU Direct.

XAU Direct — strict rules

Simulated account

No challenge. Start directly in a simulated XAU Funded account.

These strict rules apply to XAU Direct. Step-model XAU Funded accounts share only the news, weekend, EA and copy-trading rules below.

  1. Consistency

    XAU Direct: 20%. Your best single trading day's simulated profit may not exceed this share of total simulated profit since your last reward. Exceeding it is not a breach: keep trading until the share is back within the limit, then request a reward. Step models have no consistency rule.

  2. Maximum open risk

    The combined floating loss of open positions in the same instrument and direction may not exceed 1% of the initial balance at any time. Profit from those positions is removed from the reward calculation and you receive a warning; repeated breaches may lead to account closure.

  3. USD news

    No manually opening or closing trades from 5 minutes before to 5 minutes after high-impact USD news. Profit from those trades is removed from the reward calculation; the account stays active.

  4. Weekend

    Funded accounts only (XAU Funded and XAU Direct, simulated): close all positions in every instrument before that instrument's Friday market close. Crypto, which trades all weekend, has the same cut-off as gold: 01:55 on Saturday, Dubai time (GMT+4); a crypto position open then is a breach. Current Friday market close times shown on the platform (Dubai time): gold, forex, indices and oil 01:55 Saturday; stocks 01:00 Saturday. During US summer time (March to early November) each time is one hour earlier. New positions can't be opened until the market reopens. Any position still open at the Friday market close is a breach, and the account fails. Challenge accounts (Step 1 and Step 2) can hold positions over the weekend.

  5. First reward and cycle

    The first reward can be requested after at least 5 trading days and 14 days from the first trade; then every 14 days. The optional 7-day cycle replaces the 14-day wait and cycle; the minimum 5 trading days still applies.

  6. Reward cap

    On XAU Direct, the first 2 rewards are each capped at 5% of the account size. The cap is on the amount paid to you after the 80% reward share (for example, up to $500 on a $10,000 account). After that there is no cap. Profit above the cap stays in the account and counts toward the next request. Step models have no cap.

  7. Allocation

    Maximum $200,000 in total per person across all accounts, and $100,000 per model: Two-step, One-step and XAU Direct.

  8. Expert advisors and copy trading

    Expert advisors are allowed only for trade management: stop loss, take profit and trailing stop. No fully automated strategies. No copy trading of any kind, including between your own accounts.

Optional add-ons and programs

XAU Direct strict rules cannot be removed by any add-on.

Add-ons are optional, chosen at checkout, and form part of the Program Rules for that order.

Fewer minimum trading days add-on

+15% on the fee. Step models only: 2 minimum trading days per evaluation phase instead of 5. Not offered for XAU Direct.

90% reward share add-on

+25% on the fee, all models. Reward share increases from 80% to 90%.

7-day reward cycle add-on

+20% on the fee, XAU Direct only (simulated accounts). Reduces the 14-day wait and cycle to 7 days. Step models keep 5 days; this add-on is not offered for them.

Re-buy discount

20% off a new account of any model bought within 7 days after an account is breached.

Scaling

After 3 approved rewards and cumulative simulated profit of at least 10% of the initial balance over those cycles, the account size increases by 25%, up to the allocation limits.

Illustrative example

Reward share on simulated profit

Eligible simulated profit
$600
Trader share 80%
$480
1% minimum of the $10,000 initial balance
$100
Rewards are conditional on every rule and the Program Rules. Not guaranteed.
09

Leverage and instruments

Simulated account

Leverage varies by instrument and phase. In simulated XAU Funded, XAU Direct accounts, gold leverage is 1:10. Plan your position size accordingly.

Instrument groupTwo-step Step 1Two-step Step 2One-step evaluationFunded (XAU Funded / XAU Direct)
Forex1:1001:1001:301:30
Gold1:201:201:101:10
Silver, platinum and oil1:101:101:101:5
Indices1:201:151:101:5
Crypto1:11:11:11:1
Selected stocks1:21:21:21:2

Maximum single order: 1 lot on all instruments except forex; 20 lots on forex. Actual size is also limited by leverage and your balance.

Maximum open gold (XAUUSD) position per account

Account sizeGold max (total open)
$5,0000.25 lot
$10,0000.5 lot
$25,0000.5 lot
$50,0001 lot
$100,0002 lots

This is the total of all your open gold positions at the same time, in every phase and model (Two-step, One-step and XAU Direct).

Maximum single gold (XAUUSD) order: 1 lot. Several smaller orders count together toward the total open gold cap per account. Actual size is also limited by leverage and your balance.

We check your total open gold at any time and at every review: passing a phase, funded account approval and each reward request. In the funded account, profit from positions above the cap is removed at reward review; losses still count. The first time you go over the cap, you receive a warning by email. Going over the cap again after that warning is a breach, and the account fails, even if we find it later, for example at funded account approval.

Commissions in the simulated account: forex and oil $6 per lot; gold $7.20 per lot; silver and platinum $5 per lot; indices $1 per lot; Bitcoin and Ethereum about 0.04% of trade value; selected stocks about 0.004% of trade value. Current spreads and swaps are shown in Match-Trader.

Gold-first. Available instruments: forex, metals (including gold), indices, oil, crypto and selected stocks. forex: 28 majors and main crosses: AUDCAD, AUDCHF, AUDJPY, AUDNZD, AUDUSD, CADCHF, CADJPY, CHFJPY, EURAUD, EURCAD, EURCHF, EURGBP, EURJPY, EURNZD, EURUSD, GBPAUD, GBPCAD, GBPCHF, GBPJPY, GBPNZD, GBPUSD, NZDCAD, NZDCHF, NZDJPY, NZDUSD, USDCAD, USDCHF, USDJPY; gold: XAUUSD; silver and platinum: XAGUSD, XPTUSD; indices: US30, US100, US500, US2000, GER30, UK100, JAP225, EU50, FRA40, AUS200; oil: WTI, BRENT; crypto: BTCUSD, ETHUSD; selected stocks: SpaceX, OpenAI. OpenAI and the 24/7 SpaceX symbol are available in challenges only, not in simulated funded accounts (including XAU Direct). Exotic forex, other crypto, soft commodities and other instruments are not available.

10

Trading conduct — all models

All models and phases

Trades closed in under 2 minutes are allowed, but their profit doesn't count toward your target or your reward. Losses from them still count.

Hedging isn't allowed: you can't hold buy and sell positions on the same instrument at the same time, in one account or across accounts. Profit from hedged positions is removed and you receive a warning; repeated breaches may lead to account closure.

Cross-account hedging is also governed by Client Agreement 6.3(c).

Evaluation phases

Step-model evaluation phases: news trading and weekend holding are allowed. EAs may only manage stop loss, take profit and trailing stop. No fully automated strategies or copy trading of any kind, including between your own accounts.

XAU Funded account

Simulated account

After passing a step model, these news, weekend, EA and copy-trading rules match XAU Direct. Other Direct-only rules do not apply here.

USD news

No manually opening or closing trades from 5 minutes before to 5 minutes after high-impact USD news. Profit from those trades is removed from the reward calculation; the account stays active.

Weekend

Funded accounts only (XAU Funded and XAU Direct, simulated): close all positions in every instrument before that instrument's Friday market close. Crypto, which trades all weekend, has the same cut-off as gold: 01:55 on Saturday, Dubai time (GMT+4); a crypto position open then is a breach. Current Friday market close times shown on the platform (Dubai time): gold, forex, indices and oil 01:55 Saturday; stocks 01:00 Saturday. During US summer time (March to early November) each time is one hour earlier. New positions can't be opened until the market reopens. Any position still open at the Friday market close is a breach, and the account fails. Challenge accounts (Step 1 and Step 2) can hold positions over the weekend.

Expert advisors and copy trading

Expert advisors are allowed only for trade management: stop loss, take profit and trailing stop. No fully automated strategies. No copy trading of any kind, including between your own accounts.

Pass review

Simulated account

After you pass, we review your challenge trades — usually within 3 business days and never more than 5. Once the review and your identity verification are complete, your simulated XAU Funded account is issued. Leverage varies by instrument and phase. In simulated XAU Funded, XAU Direct accounts, gold leverage is 1:10. Plan your position size accordingly.

Identity verification (KYC)

Identity verification (KYC) is required before a step-model XAU Funded account (simulated) is issued. For XAU Direct (simulated accounts), KYC is required before the first reward request at the latest.

Inactivity

An account with no trade opened for 30 consecutive days is closed. Applies to all models.

Published term
11

How a breach occurs

  1. Daily loss — equity (including floating losses) touches the daily floor at any moment of the trading day.
  2. Maximum loss — equity touches the overall floor — static in Two-step, trailing the equity high in One-step, trailing the equity high in XAU Direct (simulated accounts).
  3. Weekend position — position open at the Friday market close (funded accounts only).
  4. Gold lot cap — going over the total open gold cap again after a warning.
  5. Conduct rules — any restriction stated in the Program Rules.

Not a breach: falling short of a profit target, or not yet meeting minimum trading days — the phase simply continues.

Breach consequences, refunds and resets: governed by the Client Agreement and the Program Rules. Published term

12

Verification status

Indicative launch pricing. The final price, currency and Program Rules are shown at checkout, and the checkout version governs. All accounts are simulated.

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