PROPFIRM FOR BINARY TRADERS

Daily Loss Limit (Daily Drawdown):
The maximum daily drawdown varies depending on the plan/package and is calculated based on the highest (All-Time-High) balance reached during the same trading day, according to the applicable plan rules.
If your losses exceed the permitted daily drawdown threshold for your plan, the account will be considered breached and may be terminated immediately.

Maximum Loss Limit (Lifetime Drawdown):
The maximum total drawdown varies by plan/package and is measured based on the structure defined for your selected plan.
For certain plans, this limit is static and based on the initial account balance, while for others it may follow a different structure (such as trailing). Full details are provided within the selected plan or dashboard.
Exceeding this limit will result in account termination.

Trading Volume Consistency Requirement:
Traders must maintain consistent trading volume equal to or greater than their All-Time-High (ATH) daily volume.
For example, if you reach a certain daily trading volume, that level becomes your minimum requirement for subsequent trading days. The number of trades or position size is not relevant—only the total daily volume is considered.
Failure to comply with this rule may result in disqualification from progressing in the evaluation.

Trading Days Requirement:
Each evaluation step requires a minimum number of trading days, which varies depending on the selected plan/package.
Trading days do not need to be consecutive. A trading day is counted only when at least one trade is closed, not opened.
For example, if a trade is opened on one day and closed on another, only the closing day will count as a trading day.
You must complete the required number of trading days as specified in your plan, regardless of profitability.

Anti-Concentrated Profit Rule:
Traders are not allowed to achieve more than 30% of the profit target through a single trade. This rule is designed to promote balanced and consistent performance throughout the challenge and to mitigate the risk of over-concentration in one position. Failure to comply with this rule may result in disqualification from the challenge or account termination.

Signup Fee:
The signup fee is a one-time, non-refundable payment and is not considered trading capital. It does not cover trading costs or potential losses.
However, once a trader successfully completes the evaluation and receives a funded account, the signup fee will be refunded with the first withdrawal (excluding any discounts applied at the time of purchase).

Plan Modification:
Once a challenge has started, traders cannot upgrade or downgrade their current plan.
However, if no trades have been placed, a request may be submitted to switch to another plan. If the new plan has a higher price, the difference must be paid before approval.

Step 1 Completion:
Upon meeting all Step 1 requirements (including profit target, trading days, and risk management rules — all of which vary depending on the plan/package), traders must submit a request for review.
Once performance is verified and approved, the account will progress to Step 2.

Step 2 Completion:
After successfully completing Step 2 and meeting all applicable conditions, traders must submit a request for verification.
Once approved:

• A funded account will be issued
• The signup fee will be refunded with the first withdrawal (excluding discounts)

Overnight and Weekend Trading:
Traders are allowed to hold positions overnight and over weekends without swap charges.
Weekend trading is permitted only for cryptocurrencies, as Forex markets remain closed during this period.

News Trading:
Trading during high-impact news events is allowed. However, all risks associated with market volatility during such events are solely the trader’s responsibility.
All strategies are permitted provided they comply with CloseOption’s Risk Management Guidelines. Any form of arbitrage or manipulated trading is strictly prohibited.

Available Assets:
All Forex and cryptocurrency pairs available in the trading room may be traded, subject to market availability and liquidity conditions.

Payout Structure:
Payouts are dynamic and fluctuate based on global market volatility. Traders may choose to trade during different payout conditions based on their strategy and risk preference.

Account Limits:
There is no restriction on the number of active accounts a trader may hold. However, the maximum total combined balance across all accounts may be subject to platform limits, which are defined within the platform rules.

Scaling Program:
Eligible accounts may be scaled up to higher capital levels based on consistent performance, disciplined risk management, and full compliance with all trading rules.

Withdrawals:
The first withdrawal becomes available after a defined period following receipt of the funded account. Subsequent withdrawals are available at regular intervals.
The exact withdrawal schedule may vary depending on the plan/package, and the cycle may reset upon account scaling.