One phase, one target! This FAQ breaks down the standard Nitro program for traders who want simplicity, speed, and full control over their strategy.
Important points to note when Requesting a Reward from a Nitro (Simulated Funded) Account:
Calculation: If the simulated profit is below 6%, the trailing drawdown limit is 6% of Initial Balance from the Highest Recorded Balance.
Example 1: (Less Than 6% Profit)
Account Size: $100,000
Current Simulated Profit: 4% ($4,000)
Highest Recorded Balance: $105,000
Trailing Drawdown Calculation: $105,000 – (6% of $100,000) = $99,000
Scenario 1: Full Withdrawal of Simulated Profits
Withdrawal Amount: $4,000
Remaining Daily Limit: $100,000 (balance reset) – $99,000 = $1,000
Scenario 2: Partial Withdrawal of Simulated Profits
Withdrawal Amount: $2,000
Available Drawdown: $3,000
Calculation: If the simulated profit is 6% or higher, the trailing drawdown limit is fixed at the initial balance.
Example 2: (6% Profit Achieved)
Account Size: $100,000
Current Simulated Profit: 6% ($6,000)
Trailing Drawdown Fixed at Initial Balance: $100,000
Scenario 1: Full Withdrawal of Simulated Profits
Withdrawal Amount: $6,000
Remaining Overall Limit: $100,000 (balance reset) – $100,000 (fixed limit) = $0
Result: Breach of account due to no remaining drawdown limit.
Scenario 2: Partial Withdrawal of Simulated Profits
Withdrawal Amount: $4,000 Instead of $6,000
Available Drawdown: $2,000 ($106,000 – $104,000)
Result: No breach of account and the remaining Overall Drawdown Limit becomes $2,000 ($102,000 – $100,000)
Note on Partial Rewards for 1-Step Nitro Accounts:
For 1-Step Nitro plans, once the simulated profit exceeds $30,000, partial reward requests must be for at least 80% of the eligible profit (before the profit split is applied). Requests below this 80% minimum will not be accepted as a valid request.
Example (1-Step Nitro, $100,000 account hitting exactly $30,000 profit):
Account Size: $100,000
Simulated Profit: $30,000 (Balance: $130,000)
Minimum Partial Reward Allowed: 80% of $30,000 = $24,000
So, a partial reward request of $20,000 would not be allowed; the request must be $24,000 or more (then the profit split is applied to the performance reward).
For 1-step Nitro accounts, there’s a consistency rule that applies to both the Challenge Phase and Simulated Funded Phase
Why this Rule?
Funded Trader Markets’ Consistency Rule promotes steady profit growth and helps traders avoid emotional trading.
Important Details About the Consistency Rule For Evaluation Accounts
In the Challenge Phase; you should not make more than 50% (i.e. half) of the profit target in one day.
In the Simulated Funded Phase; you should not have made more than 45% of the total profit in one day.
If a single day’s profit is more than 50% of your profit target in the Challenge Phase or more than 45% of your total profit in the Simulated Funded Phase, you have to continue trading until there isn’t a day with more than the above said maximums.
When is the Consistency Rule Required?
For 1-Step Nitro accounts, it applies to both the Challenge Phase and Simulated Funded Phase
Calculation
[Best Day % of Total Profit] = [Best Day Profit] ÷ [Overall Profit] * 100
Best Day Profit means the highest single day profit
Single Day’s Profit = Balance at 5pm EST Today – Balance at 5pm EST Yesterday
Example (Simulated Funded Phase)
If you made a total profit of $5,000 in the Simulated Funded Phase,
To be eligible for withdrawal, there should not have been a single day with more than 45% of $5,000 (= $2,250).
If there is a single day with more than 45% of total profit, then you have to keep on trading until the best day profit is less than 45% of the total profit.
Example (Challenge Phase)
For a $10,000 1-step Nitro account with a Phase 1 profit target of $1000 (10%), no single day’s profit should exceed $500 (50% of the target) to stay within the consistency rule.
If you achieve a $1000 total profit but make more than $500 in a single day, you are required to continue trading until the best day profit is less than 50% of the total profit.
Success requires devising a strategy that prevents exceeding a $500 daily profit.
By adhering to these guidelines, traders can foster a disciplined and sustainable trading approach, crucial for long-term success.
The Nitro (Simulated Funded) account offers a 90% profit split on the first $10,000 of profits earned. After reaching this threshold, the profit split transitions to 80% for subsequent profits.
Note: This does not apply on Free accounts offered via Giveaways, Games, and/or Partnerships. They are always only eligible for a 80% profit split.
The Simulated Profit Target for the 1-Step Nitro Evaluation is 10%.
Example:
Account size: $100,000
Profit Target: $10,000 (10% of $100,000)
The Overall Drawdown Limit for the 1-Step Nitro Evaluation is 6% from the Highest Recorded Balance
Key Points to Understand:
Example 1:
Start of Day 1:
Starting Balance/Equity: $100,000
Initial Overall Drawdown: 6% of $100,000, which means the stop-out limit is set at $94,000. If Either Equity or Balance reaches this limit, it would result in a breach of the Overall Drawdown Limit.
During Day 1:
New Balance: $103,000
Overall Drawdown: $103,000 - (6% of $100,000 = $6,000) , so the new stop-out limit is $97,000. If Either Equity or Balance reaches this limit, it would result in a breach of the Overall Drawdown Limit.
Day 2:
Starting Balance/Equity: $101,000
Allowed Overall Drawdown: The stop-out limit remains at $97,000 as it is based on the highest balance of $103,000. If Either Equity or Balance reaches this limit, it would result in a breach of the Overall Drawdown Limit.
Example 2: After Achieving 6% Profit
Day 3:
Starting Balance/Equity: $106,000 Overall Drawdown: Fixed at $100,000 after achieving 6% profit (Overall Drawdown Limit becomes $100,000). If Either Equity or Balance reaches this limit, it would result in a breach of the Overall Drawdown Limit.
The Maximum Daily Drawdown Limit is 4% of the Initial Balance.
Example 1:
For a $100,000 1-Step Nitro Evaluation, the Daily Drawdown is 4% of the Initial Balance.
Day 1:
Starting Balance/Equity: $100,000
Allowed Daily Drawdown: 4% of $100,000 = $4,000 (stop-out limit = $96,000)
Example 2:
Day 2:
End of Day Balance (Day 1): $104,000
End of Day Equity (Day 1): $103,000
At 5 PM EST, if unrealised positions are open, then 4% of Initial balance will be deducted from the higher of the two. In Example 2 above since balance is higher than Equity, the stop out limit will become ($104,000 – (4% of 100,000)) = $104,000 – $4,000 = $100,000
If Either Equity or Balance reaches this limit, it would result in a breach of the Daily Drawdown Limit.
Example 3:
Day 3:
End of Day Balance (Day 2): $101,000
End of Day Equity (Day 2): $106,000
In Example 3 above, since Equity is higher than Balance, the stop-out limit will become:
$106,000 – (4% of $100,000) = $106,000 – $4,000 = $102,000
Since the Balance of $101,000 is lower than the limit of $102,000, this will cause an immediate breach of the Daily Drawdown Limit.
Note: The Maximum Daily Drawdown limit for a 300k Nitro account size is 3% while other account sizes of Nitro type are 4% as earlier stated