Step 1 FTMO Challenge	Step 2 Verification	Step 3 FTMO Trader
Trading Span	45 Days	90 Days	Unlimited
The duration of the Elevate Phase 1 Challenge is 45 calendar days, and the duration of the Phase 2 Challenge is 90 calendar days. If you successfully complete the Trading Objectives before the allotted time, you can move on to the next phase without waiting for the remaining days.
Minimum Trading Span	01 Day	01 Day	01 Day
To meet the requirement, you must trade for a minimum of one day during the given period. A trading day will be counted if you close an open position within the 24-hour duration of Eastern Time.
Daily Risk Limit	5% Of Initial Account Balance $1,250	5% Of Initial Account Balance $1,250	5% Of Initial Account Balance $1,250
"The daily drawdown limit for all types of challenges, including funded accounts, is 5% of the initial account balance. This limit includes the results of both closed and open positions. For instance, if your initial account balance is $200,000, your maximum daily loss should not exceed $10,000. Therefore, if you incur $8,000 in losses from closed trades, your account must not decline by more than $2,000 on that day. Additionally, your open floating losses should not exceed $2,000. The maximum daily loss limit includes commissions and swaps. Conversely, if you make a profit of $5,000 in one day, you can afford to lose up to $15,000 but not more than that. It is important to note that the maximum daily loss limit includes open trades. For example, if you incur a loss of $6,000 from closed trades and open a new trade that results in a floating loss of -$5,700 but eventually turns positive, your daily loss would already be -$11,700 on the equity, which exceeds the permitted loss of $10,000."
Maximum Overall Risk Limit	10% Of Initial Account Balance $2,500	10% Of Initial Account Balance $2,500	10% Of Initial Account Balance $2,500
The "Overall Max Drawdown" rule, also known as the "account stop-loss", requires the equity of the trading account to never fall below 90% of the initial account balance/Equity throughout the account duration. This rule applies to all types of challenges, including funded accounts, and is calculated by combining both closed and open positions. For example, in a challenge with a balance of $100,000, the account's lowest possible equity should be $90,000. The calculation method is similar to the Maximum Daily Loss, except that it is not limited to a single day but instead applies to the entire testing period. Commissions and swaps are included in the limit. Allowing for a 10% drawdown of the initial account balance provides traders with sufficient leeway to demonstrate that their account is suitable for investment.
Profit Goal	8% $2,000	4% $1,000	No Profit Objective
The Elevate Phase-1 Challenge requires traders to achieve a profit goal of 8% of the initial balance, while in the Elevate Phase-2 Challenge, the profit goat is set at 4%. This means that a trader needs to earn a profit in the total of closed positions on the assigned trading account within 45 calendar days for the Elevate Phase-1 Challenge and 90 calendar days for the Elevate Phase-2 Challenge. Additionally, all positions must be closed by the end of the trading period. For instance, if a trader decides to take on the Elevate Phase-1 Challenge with an account balance of $100,000, they need to earn a profit of $8,000, and $4,000 for the Elevate Phase-2 Challenge. If all Trading Objectives are accomplished, excluding the Profit Target, a new Elevate Phase-1 Challenge will be offered free of cost. To be eligible for a free Elevate Phase-1 Challenge, the trader's account profit must be positive at the end of the duration, and all positions must be closed.
Retry	Unlimited	Unlimited	No Retry
We do not provide extensions for the time limit of our challenges. However, traders who meet specific conditions are entitled to an unlimited number of free retries for their accounts. If a trader completes Elevate Phase 1 with a profit and meets the minimum required days without breaching the maximum daily loss or total loss, they can qualify for a retry if they run out of time. Similarly, if a trader completes Elevate Phase 2 with a profit while meeting the minimum required days and without violating the maximum daily loss or total loss, they can also qualify for a retry if they run out of time. However, in this case, they must begin again at Phase 1.
Refundable Fee	$149	Free	Refund
You will receive a reimbursement of the fee along with the first Profit Split once you qualify as an Elevate Funded Trader.