fbpx

Galactic Plan FAQ

  • Complete the 1st phase of the challenge by meeting the 10% profit target and adhering to trading rules. 
  • Upon successful completion of 1st phase, progress to the 2nd phase, which involves meeting 5% targets and rules. 
  • After successfully passing both steps, complete the KYC verification and sign the agreement process to activate your funded account. 

Daily Drawdown:

Traders are permitted a maximum daily drawdown of 5% of their previous day’s closing balance. This means that the largest loss you can incur in a single day is limited to 5% of the account balance at the end of the previous trading day.  

How It’s Calculated: The daily drawdown is determined based on the closing balance of your account at the end of the last trading day. For example, if your account balance was $100,000 at the close of trading yesterday, your maximum allowable drawdown today would be $5,000. This limit is in place from the start of the trading day and remains fixed for the entire session.  

If at any point during the trading day your losses reach the 5% limit, your trading for the day will be automatically halted to protect your capital and ensure compliance with our risk management rules.

This policy is designed to help traders maintain consistent performance and avoid significant losses. 

Max Overall Drawdown:

The maximum allowable loss from the initial capital is 8%. This means that your total losses cannot exceed 10% of the initial capital. This limit helps in managing risk and protecting the firm’s capital. Exceeding this limit will lead to disqualification from the challenge.

Profit Split:

  • Standard Profit Split: 80% for the trader and 20% for the firm. 
  • Profit Split Adjustments: Option to increase profit split through add-ons. 

 

Payout Information: 

  • Default Payout Frequency: Weekly. 
  • Available Payout Methods: Rise, Direct Crypto, Bank Transfer. 
  • Add-on Options: Daily Payouts available with the Daily Add-on. 
  • No Minimum Add-on: Allows passing the challenge without minimum trading days and enables on-demand payouts. 
  • Profit Split Add-on: Increases profit split to 90% for the trader and 10% for the firm. 
  • Leverage Add-on: Boosts leverage in Funded Phase from 1:15 to 1:30 . 
  • Daily Add-on: Changes payout frequency to daily. 
  • News Trading Add-on: Allows trading during high-impact news events 

Profit Target 

  • Phase 1 Target: Achieve a profit of 10% above the initial capital provided for the first phase of the challenge 
  • Phase 2 Target: Achieve a profit of 5% above the initial capital provided for the second phase of the challenge. 
  • Target Details: Specific profit targets will be outlined at the beginning of each phase based on the initial capital chosen. 

 

Risk Management 

  • Objective: Adhere to risk management rules to protect trading capital. 
  • Maximum daily drawdown of 5% of the previous day’s closing balance. 
  • Maximum overall drawdown of 10% from the initial capital. 
  • Trading Rules Compliance: Ensure all trades adhere to specified limits on trade size, position limits, and leverage. 

 

Overnight and Overweek Trading.

Trading positions can be held overnight and over the weekend, but be mindful of swap fees that may apply. 

News Trading.  

To trade during high-impact news events, activate the News Trading Add-on. Ensure effective management of orders and apply appropriate risk management strategies to handle potential volatility. 

 

Prohibited Practice 

  • Speculative Trading Only: The program is designed for speculative trading strategies. Non-speculative trading behaviors are prohibited. 
  • Arbitrage Trading: It is prohibited to use strategies that exploit price discrepancies or glitches, known as arbitrage trading. 
  • High-Frequency Trading: High-frequency trading, where the majority of trades last only a few seconds, is not allowed. 
  • Bracketing Strategies: Avoid opening pending orders around high-impact news events. 
  • Technology Interference: Any technology that interferes with the platform’s networking is prohibited. 
  • System Exploitation: Do not intentionally or unintentionally exploit system errors, inaccuracies, or delays in price display. 
  • External Feeds: Executing trades based on external feeds is prohibited. 
  • Trade Manipulation: Avoid manipulating trades through collaboration, connected accounts, or simultaneous opposing positions. 
  • Software and AI: The use of software, AI, ultra-high speed trading, or mass data entry that provides an unfair advantage is not allowed. 
  • Gap Trading: Performing gap trading is prohibited. 
  • Market Conduct: Do not execute trades that contradict typical market practices or may cause financial harm to the service provider. 
  • Price Discrepancies: Exploiting price discrepancies between the PrimeFund360 platform and other feeds is not allowed. 
  • Coordination and Copy Trading: Trade coordination or copy trading with other traders or accounts is prohibited. 
  • Expert Advisors (EAs): The use of Expert Advisors that scalp during the rollover night, or any EA that performs the following is prohibited: 
    • Copying trades from other signals 
    • Tick scalping 
    • Latency, reverse, or hedge arbitrage trading 
    • Using emulators 

The key difference between the two plans lies in the consistency rule and the requirement for maintaining a certain profit factor ratio.

Cosmic Challenge

  • No Consistency Rule: This plan offers traders greater flexibility. You are free to trade without strict limitations on consistency. This means that you can use any trading strategy, adjust your lot sizes as you see fit, and you won’t be required to maintain a specific trading style or profit factor. 
  • Who is it for?: Ideal for traders who prefer a flexible approach without having to worry about maintaining consistency in their strategy. 

 

Galactic Plan

  • Consistency Rule with Profit Factor Requirement: This plan comes with a consistency rule, where your trading performance must maintain a profit factor ratio of at least 1.5. This means that your profitable trades should significantly outweigh your losses, and you need to demonstrate a stable and consistent trading strategy over time. 
  • Who is it for?: Best suited for traders who have a disciplined, long-term trading strategy and can meet the requirement of consistent profitability. 

The Profit Factor is a measure of your trading performance, calculated by dividing your Total Amount generated from winning trades by Total amount lost from Losing trades. In the Galactic Plan, you are required to maintain a profit factor ratio of at least 1.5 to show that your winning trades are strong enough to offset any losses. This helps demonstrate consistency and solid risk management over time.