Tier 2 is the second and the last step towards a Top Tier Funded account. Once you pass Tier 2 and your results are verified, you will be offered to trade for our proprietary trading firm.
To pass Tier 2, the profit target must be met within the duration of 60 days with no drawdown violations.
Tier 2 of the Challenge is 60 days in length.
Profit target is 5%
There is a minimum of 7 trading days that you must trade required.
If you manage to pass the trading objectives sooner, you do not need to wait for the remaining duration days.
You will have an allowed max daily loss (drawdown) of 5% of the daily starting balance. When calculating drawdown, we include all floating losses and profits.
Your max daily loss will reset each day at 5:00 PM Eastern Time.
You will have an allowed max overall loss (drawdown) of 10% of the initial account balance you purchased. When calculating drawdown, we include all floating losses and profits.
If a drawdown violation occurs, you will fail the evaluation and will have to purchase a new account.
Once you reach the target, the account must be flat and remain above the target in order to move to TopTier
Note: These are the exact same rules and parameters that you had in Tier 1.