When trading on both Challenge and Funded Accounts, we expect traders to adhere to sound risk management principles. This includes carefully considering risks related to position sizing, trade duration, and hedging. We discourage going all-in, opening large positions with the highest leverage, and hoping to catch a price swing to meet profit targets.
At RFA Live Account, we aim to create a pool of talented traders who achieve payouts through their own strategies and skills, without relying on third-party assistance. Therefore, we prohibit the use of group trading, signal services, passing services, and any other tools that bypass personal strategy. However, we welcome the use of third-party resources that enhance your knowledge, such as market analyses, webinars, and e-books. In some cases, traders who pass the Challenge may be required to join a call to explain their trades and strategies.
On Live Accounts, trading is not allowed 5 minutes before and 5 minutes after news events Close all runing trades. This restriction is in place because the simulated trading environment during such periods may offer significantly different liquidity compared to real market conditions. You can access the Economic Calendar on Forex factory dashboard to preview the event schedule and determine which assets may be impacted.
All trading activities carried out on the Challenge Account must be meticulously documented and replicable during the Funded Account phase. This means that the strategies, risk management techniques, and execution methods employed during the challenge must be consistent with those applied when trading with funded capital. For example, if a trader utilizes a specific technical analysis strategy to enter and exit positions on the Challenge Account, they must continue to apply the same strategy during the Funded Account phase. Similarly, if risk is managed using predetermined stop-loss levels or position sizing rules, these parameters should remain consistent across both stages of evaluation. Maintaining replicability ensures that traders demonstrate a consistent and disciplined approach to trading, providing RFA with confidence in their ability to manage funded capital responsibly.
We strongly advocate for traders to utilize only permitted strategies. Traders are strictly prohibited from engaging in triangular arbitrage, abusing price feeds, insider trading, wash trading, or any other form of abusive trading that exploits the trading infrastructure for gains.
Upon submission of a Payout Request from your Funded Account, trading on the account will be automatically locked until the payout is executed. This precautionary measure is implemented to prevent overutilization of your current margin, particularly when it is about to decrease. Trading activity on the Funded Account will resume promptly once the payout is fully processed.
You may request your first Payout from your Funded Account after maintaining the account for a minimum of 14 days and trading for a minimum of 5 days. However, it's important to note that only accounts that are not breached are eligible for payouts, even if there are trading gains available on the account following a breach.
Traders should promptly report any technical issues or discrepancies encountered with their accounts to RFA support team via email. It's important to clearly articulate the nature of the issue, including relevant details such as account ID, transaction timestamps, and screenshots if applicable. Maintaining open and transparent communication with RFA support team throughout the resolution process is crucial. Traders should provide any additional information or clarification as requested. They should also adhere to any specified response time expectations and follow the escalation procedures outlined by RFA for urgent account-related matters. Lastly, traders should cooperate fully with RFA support team to facilitate the timely and effective resolution of account issues, ensuring minimal disruption to trading activities.