What is the 1 Step (New) Challenge?
The 1 Step (New) Challenge is a single-phase evaluation account with the following rules:
Profit Target: 10%
Maximum Drawdown: 10% trailing high-watermark
Daily Drawdown: 3%
No time limit
The maximum drawdown and daily drawdown rules apply during both the evaluation and funded phases.
Once you reach the profit target without breaching the drawdown rules and successfully complete KYC verification, you will receive a funded account.
The stop-loss, profit consistency and lot size consistency rules apply during the funded phase.
Is there a time limit to complete the challenge?
No. There is no time limit for completing the 1 Step (New) Challenge.
What is the profit target?
The profit target during the evaluation phase is 10%.
There is no additional profit target once the account becomes funded.
What is the profit split?
The standard profit split is 90/10.
The trader receives 90% of the approved payout profit, and SLF receives 10%.
Payouts
How often can I request a payout?
Payouts operate on a bi-weekly schedule.
You may request a payout every two weeks, provided all payout requirements and trading rules have been satisfied.
Consistency Rule
What is the Profit Consistency Rule?
In this account type, no single trading day may account for 50% or more of the total profit earned during the payout period.
Does this apply to funded and challenge phases?
Yes, it applies to both the challenge account, and funded account. To pass the challenge you must pass the consistency, and to get a payout you must pass consistency.
Example
If you earn $1,000 in one trading day, you must reach more than $2,000 in total profit before becoming eligible to request a payout.
You cannot request a payout until the Profit Consistency Rule has been satisfied.
Are stop losses required?
A stop loss is mandatory on 1 Step/Phase accounts and must be placed within five minutes of entering a trade.
Fake stop losses are prohibited. A fake stop loss includes placing a stop loss at a level that would cause the account to exceed its daily or maximum drawdown if triggered.
Is news trading allowed?
Not allowed: If trade is open or closed 5 minutes before or after any Red news event the profit will be soft breached/deducted from the account at payout.
What is the 24-Hour Payout Guarantee?
Valid payout requests are guaranteed to be processed within 24 business hours.
If an eligible payout is delayed beyond 24 business hours, you will receive an additional 10% added to your profit split.
The guarantee does not apply when delays are caused by:
Weekends or banking holidays
Bank processing delays
Compliance checks
Risk reviews
Delays in completing Rise onboarding
Delays caused by the trader not responding or providing required information
Are Expert Advisors allowed?
No. Expert Advisors, also known as EAs, are not permitted on the 1 Step (New) Challenge.
Is copy trading allowed?
You may copy your own trades to your SLF funded account.
However, copying identical trades from another trader within the same timeframe is not permitted.
Can I average into trades?
Yes. Averaging into trades is allowed.
However, multiple trades opened:
On the same trading pair
In the same direction
Within a short period of time
will be treated as one Trade Idea.
The combined lot size and combined profit from these trades will be used when reviewing profit consistency and lot size consistency.
Is tick scalping allowed?
Traders should avoid tick scalping.
Trades should generally remain open for longer than two minutes.
Drawdown Rules
How does the 10% Maximum Drawdown work?
The Maximum Drawdown is 10% of the highest recorded balance or equity, whichever is greater.
This is a trailing high-watermark drawdown, meaning the drawdown level increases as the account generates profits.
The Maximum Drawdown applies during both the evaluation and funded phases.
Example
On a $100,000 account:
The initial maximum drawdown limit is $90,000.
If the account equity increases to $102,000, the drawdown limit moves to $92,000.
If the account balance increases to $108,000, the drawdown limit moves to $98,000.
The drawdown level does not move back down after reaching a new high-watermark.
How does the 3% Daily Drawdown work?
The Maximum Daily Loss is 3% of the initial account balance.
This rule applies during both the evaluation and funded phases.
At 5:00 PM EST each day, the system compares your account balance and equity. The higher value is used to calculate the following day’s daily loss limit.
The system then subtracts 3% of the initial account balance from that value.
Example 1: Floating Profit
On a $100,000 account, the daily loss amount is $3,000.
At 5:00 PM EST:
Account balance: $100,000
Account equity: $102,000 due to a $2,000 floating profit
Because equity is higher, the next day’s daily drawdown limit is:
$102,000 − $3,000 = $99,000
Your equity cannot fall below $99,000 during the following trading day.
Example 2: Floating Loss
On a $100,000 account:
Account balance: $100,000
Account equity: $98,000 due to a $2,000 floating loss
Because the balance is higher, the daily drawdown is calculated from the $100,000 balance.
The next day’s daily drawdown limit is:
$100,000 − $3,000 = $97,000
Your equity cannot fall below $97,000 during the following trading day.
Rule Breaches and Payout Denials
What is a soft breach?
A soft breach occurs when a trader violates a funded account rule, such as:
The Stop-Loss Rule
Other funded account trading restrictions
The profit generated from the breached trade will be deducted from the trader’s total payout profit.
Example
If you earned $5,000 in total profit and $1,000 came from trades that breached the rules, your payout would be calculated using the remaining $4,000.
How many soft breaches are allowed?
A maximum of 20 soft breaches is permitted before the account is closed.
Soft breaches are reviewed during the payout process and may not be detected automatically when the trade is placed.
What happens if 50% or more of my trades are in breach?
If 50% or more of your trades are classified as soft breaches, the payout will be declined.
Example
If you placed 15 trades and 10 of those trades breached the rules, the payout would be declined.
What are the penalties for a payout denial?
First Payout Denial
Your profit split will be reduced by half.
Second Payout Denial
Your funded account will be closed.