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General rules
1_ Tradable instruments:
All Forex currency pairs, stocks, indices, and metals.
2_ Challenge time:
For Silver Plan (with time limitation), stage one: 40 days and stage two: 60 days.
3_ Minimum trading days:
For both plans, it is 5 trading days.
4_ After passing the challenges:
After passing each stage, you have toregister a ticket and after analysing your account by our experts, you will receive a second stage account or real account. Make sure to close all open positions before the deadline. Open positions are not acceptable after the time limit has expired.
5_ Daily Drawdown:
The daily drawdown is 5%, which is calculated from the balance at the beginning of the day based on the zero hour of the broker.Zero hour settings in Metatrader, right-click the properties option, select the show tab, and select the show period separator option.
6_Identity verification:
At the same time as registering the pass ticket for the second challenge in the authentication section of the website, upload a valid identification document such as passport, national card or birth certificate.
7_ Reset and extend accounts:
For the Silver challagnes (with time limitation) If the account is profitable after the challenge deadline, you can submit an extension request from the ticket section.
8_Extension conditions:
For Silver plans (with time limitation) first phase challenge is 40 days without extend. There is no extend for second stage challenge and your account will be reset if needed.
9_Account reset:
In the second stage of time-limited challenges, if your time runs out but your account is in profit and the rules have not been violated, your account will be reset.
10_Slippage and spread widening:
At the time of the news, there will be gap and extreme fluctuations in the price, and this is a natural issue and ArkenPropy is not responsible for it.On Mondays, when the market opens, the market starts with gap. If this issue causes a violation of the rules, the responsibility and loss of the account is the responsibility of the trader.Also, widening the spread at the start time of the next day, which is a natural move, if it violates the rules, Arkan Propyis not responsible.
11_Hedge and Martingale:
Martingale is allowed, but hedging is not allowed, and if hedging is found, the account will be taken from you and the account purchase amount will not be returned. Copying between individual accounts is allowed. Documents of account holders must be sent to support for copying between accounts.
12_Copy trading:
For copy trade, using any robot in the source account is against the rules and using it is a violation of the rules.Using any expert, indicator, script, etc. If it causes a disruption or slowness in the broker’s servers, or if it causes the price to not be displayed correctly (inadvertently or intentionally), it is a violation of the rules and no refund will be given.
13_Fast scalp:
According to Arkon Prop, fast scalp includes trades under one minute. You are only allowed to earn 10% profit in real accounts and 10% of the targetprofit in challenge stages through fast scalp. For example, for a $15k account, the target is $1200, and you are allowed to earn $120 through fast scalp. The remaining profit from fast scalp will not be calculated.
14_Holding positions:
You are allowed to hold positions at the end of the week and at the end of each day.
15_Trading during news:
There is a trading ban 10 minutes before and 10 minutes after the following news. If you open a trade, your profit will not be taken into account, but your loss will be calculated.
But if your previous position is open when this news arrives, there is no problem.
UNEMPLOYMENT RATE
CONSUMER PRICE INDEX (CPI)
GDP
INTEREST RATE
INFLATION RATE
U.S. NONFARM PAYROLLS (NFP) DATA
FOMC statement
ADP Non-Farm Employment Change
The reference site for checking important news is Forex Factory.
16_Refund:
In two-step plans with time limits, 20% of the paid amount will be refunded after receiving the real account, and 100% of the paid amount will be refunded after the first withdrawal. For unlimited time plans, 100% of the deposited amount will be refunded after the first withdrawal.
17_Profit withdrawal:
A profit request ticket must be submitted on the 14th and 15th and 28th and 29th of each month. The first withdrawal must be at least 20 calendar days after the first trade on the real account and at least 5 trading days must be registered during this time.
18_Profit sharing:
In time-limited plans, the first withdrawal is 20 days after the first position on the real account, and 80% of the profit will be paid, and from the tenth withdrawal onwards, 90% of the profit will be paid. In unlimited time plans, 75% of the profit will be paid until the third withdrawal, and 80% of the profit will be paid from the fourth withdrawal onwards.
19_Capital growth:
30% will be added to the account balance in 3-month intervals.
20_ Account growth conditions:
3 months must have passed since receiving the real account, and the sum of profits for the past 3 months must be 10%. All accounts will grow up to a maximum of $1 million. The account must be profitable at the time of requesting capital growth. At least 3 withdrawals must have been made.
21_Number of accounts available for purchase:
There is no limit on the number of challenge purchases. Real accounts can be merged.
22_MetaTrader password change:
Changing the password is against the rules, and if done, it is a violation of the rules.
23_Arbitrage:
Any type of arbitrage between personal accounts or different individuals’ accounts is illegal and traceable. If done, the account will be taken from you, and your principal and profit will not be refunded.
24_Expert and robot:
Using a robot is allowed if the robot creator is you. Sending the robot file to support for review before trading is mandatory. You can use the expert to manage risk. Using any tick scalp or arbitrage robot is illegal.
25_Maximum challenge start time:
After purchasing each plan, you have a maximum of 30 calendar days to start the challenge. Otherwise, your challenge will be lost, and no amount will be refunded.
26_Cost after receiving the real account:
You do not need to pay any fees after receiving a Real account.
27_Gambling trades:
You cannot earn more than 80% of the target on a symbol or currency pair with high volume simultaneously to pass the challenge or earn profits in the real account. This move is considered a violation of risk management rules, and the challenge trader account will not be accepted for passing the challenge or paying profits.
In addition to observing the 5 percent daily drawdown, the trader is obliged not to lose more than 2 percent of the account in one or more simultaneous positions. (Both balance and account equity) The basis for calculating this 2 percent is the balance before taking the positions. For example, for a 25000 dollar challenge and a balance of 25500 dollars, the trader should not trade in such a way that both the balance and the equity lose more than 510 dollars. Whether in the form of one position or a total of several simultaneous positions.If we see this, it is considered a violation of the rules and will cause the account to be lost. In the real account, even if the account is in profit and this happens below 2%, it will cause the account to be lost and the interest of the real account will not be paid.