What is the Buy Now, Pay Later Challenge?
The Buy Now, Pay Later Challenge allows traders to activate any account size with just $10. You trade under live challenge conditions and only pay the full account fee once you pass the challenge and are ready to receive your funded account.

The challenge follows the same overall structure as our Instant Funding Pro model — with 3% daily and 6% maximum trailing drawdown, plus the same consistency and payout rules.

The drawdowns vary between Challenge and Funded Phase, please see below to understand the changes in drawdown.

Challenge Phase

Funded Phase

Stop Losses
A stop-loss is mandatory and must be set within 5 minutes of opening any trade while in funded status.
“Fake” stop-losses (where a hit would exceed daily or max DD) are not allowed.

News Trading
Allowed at all times.

Expert Advisors (EAs)
Not allowed on this challenge.

Copy Trading
Allowed to copy your own trades; copying others in the same timeframe is not permitted.

Averaging Into Trades
Allowed. Trades in the same direction on the same pair opened close together are treated as one Trade Idea for checks (Profit Consistency & Lot Consistency).

Tick Scalping
Avoid tick scalping and keep trades open for at least two minute.

Profit Consistency (from 1st June 2025)
No single trading day may equal or exceed 20% of your total profit for that payout period.

Example:
If you make $1,000 in one day, you must reach $5,000 total profit before you’re eligible for a payout.

Note: Consistency is calculated on total profit, not the profit cap.
(e.g., On $10,000 total profit, 20% = $2,000, regardless of a 5% withdrawal cap.)

You cannot request a payout until this rule is met.

Lot Size Consistency
Checked at payout.
Based on your average lot size:

Example: Avg 1.0 lot → Max 2.0 lots, Min 0.25 lots.

Trade Ideas:
Multiple positions in the same direction on the same pair opened within a short window (5–10 minutes) are aggregated as one Trade Idea for both lot size and profit consistency.

Maximum Drawdown (Trailing High-Watermark, 6%)
The breach level = Highest balance/equity (HWM) – 6% of that HWM.

Example (start $100,000):

Daily Drawdown (3%)
Recalculated daily at 5pm EST using the higher of balance or equity at reset.
Limit = that higher value minus 3% of the initial balance.

Example 1 (floating profit):
$100,000 account; 5pm equity $102,000 → Next day equity must stay ≥ $99,000.

Example 2 (floating loss):
5pm equity $98,000 and balance $100,000 → Use balance; next day equity must stay ≥ $97,000.

Profit Split
80% from the first payout onward.

Payout Schedule
Bi-weekly (every 14 days).

Instant Payouts
Not available on the Buy Now, Pay Later Challenge.

Profit Cap & Max Withdrawal
Profit Cap per cycle = 5% of initial balance.
Max Withdrawal per cycle = 5% of initial balance.

Example: On $200,000, max withdrawal per cycle = $10,000.

24-Hour Payout Guarantee
Once eligible and requested, payouts are processed within 24 business hours.
If we miss this, you receive an extra 10% on your profit split.

Exceptions: weekends/holidays, compliance or risk reviews, or delays in Rise onboarding/user response.

Soft Breaches (Profit Deductions)

Payout Denial Penalties

Floating Loss Rule (from 16th September 2025)
If your account equity ever falls more than 1% below the starting balance (including floating losses, swaps, and commissions), penalties apply:

Example: On $100,000, if equity drops below $99,000, the system will register a breach. A second occurrence closes the account.

⚠️ Applies only to accounts purchased after 15th June 2025.

Free Reset
Not available on the Buy Now, Pay Later Challenge.