1. What are the profit targets for the evaluation phase?
Stage 1: 8% Profit Target
Stage 2: 5% Profit Target
2. What are the drawdown limits?
Daily Drawdown: 4% fixed, based on the initial balance.
This means the daily drawdown is always calculated from the starting account balance and remains fixed, regardless of whether the account is in profit or drawdown.
Example: On a $100,000 account, the daily drawdown will always be $4,000, whether the balance is above or below $100,000.
During daylight saving time, which typically occurs during the summer months, the server time is set to Greenwich Mean Time (GMT) + 3. This means the daily loss limit resets at 1 am GMT+3.
For the remainder of the year, when daylight saving time is not in effect, the server time is adjusted to GMT+2. In this case, the daily loss limit resets at midnight GMT+2.
Maximum Drawdown: 8% of the initial balance
3. What are the trading day requirements?
A minimum of 5 trading days per phase.
5 minimum profit trading days of 0.25% per day needed to be eligible for payout.
4. Maximum Allowed Risk (Evaluation and Funded)
What is the maximum allowed risk?
Traders must not expose more than 1.5% of their initial account balance at any one time.
Violating this rule will result in a hard breach.
5. What is the News Trading Rule? (Funded Accounts)
Red Folder news events have restrictions, see more information here.
No opening, closing, or adjusting trades 5 minutes before or after a Red Folder news event.
If a predefined Stop Loss (SL) or Take Profit (TP) is hit, it will be honored.
Violating this rule will result in a hard breach
6. What leverage is provided under QT ULTRA?
Forex: 1:50
Indices & Oil: 1:20
Metals: 1:15
Crypto: 1:1
7. How are payouts handled?
5 minimum profit trading days of 0.25% per day needed to be eligible for payout.
15% of the challenge phase's target profit is paid on your first payout.
The first payout cycle is on a 21 day cycle and then 14 days for the subsequent cycle once you get your first payout.
Minimum withdrawal is 2% of the account size.
Profit split of 80%.