benmork

Basic materials

Risk, the challenge rules and the terminal. There is no separate charge, and the materials are open straight away.

01

Risk management

How to cap the loss before entering a trade.

  1. Risk per trade

    Before entering, decide how much you are ready to lose if the stop is hit. Measure risk from the account balance, not from the result you want. The example below takes 1% of the balance.

  2. Position size from the stop

    Size = risk amount / distance to the stop. A 10,000 USDT account, 1% risk is 100 USDT, a stop 2% from the entry price: a 5,000 USDT position. A 0.04% fee on each fill adds about 4 USDT for the entry and the exit.

  3. Daily limit and drawdown

    Both limits are measured from the starting balance and checked against equity including open P&L. On a 10,000 USDT account in the 1 phase model, the 3% daily limit is 300 USDT below the equity at the daily reset at 00:00 UTC (no daylight saving shift), and the overall drawdown floor sits at 9,400 USDT and does not rise with profit.

  4. Leverage

    Leverage up to 1:25 multiplies profit and loss alike. Margin plus fees must fit within equity. High leverage with the same stop brings the daily limit closer faster.

  5. A losing streak

    After several losing trades in a row, reduce your size or stop for the day. Do not chase losses: what is left of the daily limit is a margin for error, not a target.

02

Challenge rules

What the assessment checks and how the stages run.

All questions on the rules · Terms of Service

  1. Target and qualifying days

    1 phase: target +10%. 2 phases: +8%, then +6%. Each stage needs at least 5 qualifying days. A qualifying UTC day: at least one trade closed with a profit of 0.5% of the starting balance or more after fees. There is no overall time limit.

  2. What ends an attempt

    Equity below the daily or overall floor, a calendar month without filled trades, breaking a prohibition. Bots and expert advisors, hedging across accounts, multiple accounts, trading for someone else, exploiting quote glitches and martingale trading are prohibited.

  3. Moving between stages

    When the target and the minimum days are met, the platform closes the positions and stops the stage. Submit a request in your account or the terminal: an administrator approves the move, and the next stage starts with the original balance.

  4. Reward stage

    The account stays virtual and trading stays simulated. The reward is calculated by the formula in the programme rules: 80% of the simulated result and a request every 14 days, with add-ons 90% and every 7 days. Payout in USDT, minimum 100 USD, per payout period (14 days) no more than 10% of the account's starting balance (with the every 7 days add-on no more than 5% per 7 days); any amount over the limit carries over to the next period. An identity check is needed before the first payout. The company pays it from its own funds; the reward is not guaranteed.

03

Terminal

Where things are and how to place orders.

  1. Screen

    Markets and favourites on the left, the chart in the centre. On the right, a panel with the Order, Rules and Order book tabs: the Rules tab shows progress on each account rule. At the bottom: positions, orders, order history and trades.

  2. Orders

    A market order fills at once at the current price, a limit order waits for a better price, a stop triggers when the level breaks. Stop loss and take profit are set in the order or later on the position.

  3. Risk to stop

    The order panel shows the risk to the stop and warns you if a stop hit would exceed what is left of the daily limit. Check this line before every trade.

  4. Chart and drawings

    Indicators, lines, levels, shapes and a ruler for the distance to the stop. Drawings are saved in the browser.

  5. Trading hours

    Market orders and closing a position work during the instrument's trading hours. Limit and stop orders wait for the market to open.

These materials are educational and are not investment advice. All trading on the platform is simulated; results in the simulator do not predict results in the real market.