Anchoring program rules
These consistency rules help traders to manage their risks prudently and protect the company to continue to guarantee, as in the past, the payment of 100% of withdrawals.
Funding program rules
These consistency rules help traders to manage their risks prudently and protect the company to continue to guarantee, as in the past, the payment of 100% of withdrawals.
Can I change my trading account password?
No, it is not allowed to change the password of your trading account on the platform where the program is evaluated. If you change it, the program will be invalidated.
How much can I withdraw from my funded account?
According to our profit limit rule, you can withdraw up to 80% of the profit and up to a maximum of 5% of the initial balance of your account as profit generated, on each withdrawal.
For example, if your account has an initial balance of £10,000, you will be able to withdraw up to £500 in profits per month.
Please note that this gain is not cumulative and cannot be withdrawn in the following months.
This consistency standard helps traders to manage their risks prudently and protects the company to continue to guarantee, as it has done up to now, 100% payout on withdrawals; a promise we have kept throughout our history.
When does the program evaluation start?
Each Phase begins to be evaluated after the first order is entered into the account.
Phase 1 and Phase 2 of the funding program is done with a separate demo account that will be provided by email.
- Phase 1: Demo account 1.
- Phase 2: Demo account 2.
What are the profitability objectives?
The objectives you will have to achieve throughout the challenge are:
- Phase 1 (evaluation): +8%.
- Phase 2 (verification):+5%.
- Funded account: no profitability objective
The profit is calculated based on the account's initial capital, with all transactions closed, since it is calculated on the account's balance.
For example, on a £100,000 account you should achieve £8,000 (8% on £100,000) profit in Phase 1 and £5,000 (5% on £100,000) in Phase 2.
What is the maximum total loss?
For Phase 1 the maximum loss is 8% of the initial balance and 10% for Phase 2 and the funded account.
For example, if you want to access a funded account with an initial balance of €100,000, then you must pass the program with a demo account containing this balance. In addition, the equity of your account cannot drop below €90,000 (-10% of the initial account balance) for the duration of the program.
What is the maximum daily loss?
For Phase 1 the maximum daily loss is 4% and 5% for Phase 2.
At no time during the day can the account equity be less than -4% / -5% of the initial account equity with respect to the equity and balance available at 23:05 (CEST) (open + closed trades).
Current daily loss = Result of the day's closed operations + Result of the day's open operations
For example on a £100,000 account the maximum daily loss would be £4,000 for Phase 1. If during a single day, for example, you have earned £2,500 on a £100,000 account you could afford the loss of these profits, plus the £4,000 (4% of £100,000). Let's suppose that at 17.00 (New York time, USA) your equity is £102,500, at no time during the day can your equity be less than £98,500 (£102,500 - £4,000).
What are the minimum operating days?
The minimum trading period is 5 days for Phase 1 and 4 days for Phase 2. Each calendar day 23:05 (CEST) on which a genuine investment trade has been open for at least more than 15 seconds counts as a traded day.
Once the 5 or 4 days are completed, you will be able to advance to the next phase.
For example, if you are in Phase 2, once you reach 5% profitability and have traded a minimum of 4 days, you will access your funded account.
What is the maximum profit allowed from a single operation?
The profit of a single operation may in no case exceed 25% of the profit target indicated in the current phase; this rule does not apply to the funded account.
For example, if you are in Phase 2 of our program with an account of €10,000 your profit to pass the test is €500 and you will not be able to make any operation higher than €125.
Is it possible to trade news?
You will be able to trade news without any restrictions from us. Just keep in mind that during high-impact events the market may experience high volatility, increased spreads and irregularities in the execution of trades.
Can swing trading be performed?
Yes, you can leave operations open overnight and on weekends without any restrictions from us.
Is the use of automatic trading systems through robots allowed?
No, it is not allowed.
Is the use of Expert Advisors allowed?
Yes, we allow the use of Expert Advisors to handle active orders and manage risk efficiently. However, the use of the following strategies is strictly prohibited and will result in immediate account termination without right of reply:
- Use of Emulators.
- Reverse arbitrage trading.
- Hedging arbitrage trading.
- Latency arbitrage trading.
- Tick Scalping.
- Copy trades from other traders.
- Martingale Strategies.
- Grid strategies.
- High-frequency trading.
You should be aware that if you have purchased an EA online, it may also be being used by other Noctorial traders resulting in the simultaneous opening of the same trade on different accounts, which is strictly prohibited and would result in immediate account suspension.
All the reasons why an account may be terminated and the procedures are set out in the program's Terms and Conditions.
What are the main metrics to pass the challenge?
It is required to operate in a consistent manner, following the following instructions. The two main metrics are:
- The number of operations executed.
- The size of the lot in each symbol.
The client is required to trade consistently, following the instructions below: The two main metrics are the number of trades executed and the lot size at each symbol. The average of the metrics will be taken on the trades entered, placing a ceiling (Average x 2) and floor at (Average / 2). Neither the ceiling nor the floor should be exceeded at any time.
How much can I withdraw from my funded account?
According to our profit limit rule, you can withdraw up to 80% of the profit and up to a maximum of 5% of the initial balance of your account as profit generated, on each withdrawal.
For example, if your account has an initial balance of €10,000, you will be able to withdraw up to €500 in profits per month.
Please note that this gain is not cumulative and cannot be withdrawn in the following months.
This consistency standard helps traders to manage their risks prudently and protects the company to continue to guarantee, as it has done up to now, 100% payment of withdrawals; a promise we have kept throughout our history.