Rules

A Hard Breach means that you violated either the Maximum Daily Loss or Maximum Total Loss rule. In the event you have a Hard Breach, you will fail the Challenge or have your Hantec Trader account closed.

A Soft Breach is any rule which, if broken, would close the trade(s) that are in breach. However, you would continue to be able to trade in your Hantec Trader account.

Maximum Daily Loss is 5% for the Express Hantec Trader account and is calculated based on the previous day’s end of day (00:00 GMT+3) balance.

Example: If your prior day’s end of day balance was $100,000 you would Hard Breach the Maximum Daily Loss of 5% if your equity the next day fell to below $95,000.

The Maximum Total Loss is initially set at 6% of your account’s starting balance and will trail (balance high watermark – 6%) until you achieve 6% in profit. After this, the Maximum Total Loss level will lock in at the starting balance. This allows for more trading flexibility as you have proven yourself as a profitable trader and can now freely compound the account.

Example 1: Your starting balance is $100,000. Your Maximum Total Loss is set at 6% which is $94,000. You profit $3,000 and your balance is now $103,000, your Maximum Total Loss is now $97,000.

Example 2: Your starting balance is $100,000. Your Maximum Total Loss is set at 6% which is $94,000. You lose $2,000 to take your balance to $98,000. Your Maximum Total Loss is still at $94,000. You then go on to profit $5,000 making your new balance $103,000. Your Maximum Total Loss trails and is now $97,000.

Example 3: Your starting balance is $100,000. Your Maximum Total Loss is set at 6% which is $94,000. You profit $8,000 to take your balance to $108,000. Your Maximum Total Loss is now $100,000 and will remain locked at this level.
Hantec Trader Account: Once you request your first payout, the Maximum Total Loss will lock at your account’s starting balance. We therefore suggest you leave a buffer and do not withdraw the full amount in order to continue trading with sufficient drawdown.

Using a stop loss is not mandatory.

We do advise the use of stop losses in order to manage risk. Please note stop losses can experience slippage, this occurs but is not limited to higher lot sizes where there is no matching order at that price point and therefore this will be executed at the closest price available with a matching order.

We have no restrictions on trader’s holding over the weekend.

Traders need to be aware of the risks associated with weekend holding. Markets may experience gaps over the weekend and typically liquidity is thin when markets open for the week causing spreads to be wider than usual. We advise you to manage risk more cautiously during these times.

You cannot change platforms once a Challenge has started. Therefore you also cannot change platforms for your Hantec Trader account.

The initial withdrawal on your Hantec Trader account can be requested at any time, there are no minimum number of days needed to request your initial withdrawal. Additional withdrawals can be requested once every 14 days if you have purchased the Bi-Weekly Payouts add on. Otherwise it is once every 30 days.

We will also process the refund of your Challenge fee with your first withdrawal.

Please note: When you request a withdrawal on your Express Hantec Trader Account your drawdown locks in at your starting balance.

Example 1: You start with $100,000. You achieve profits of $6,000. You request a withdrawal which locks in your Maximum Total Loss of $100,000. You withdraw $3,000. You now have $3,000 buffer before hitting your maximum total loss.

Example 2: You start with $100,000. You achieve profits of $10,000. You request a withdrawal which locks in your Maximum Total Loss of $100,000. You withdraw $4,000. You now have $6,000 buffer before hitting your maximum total loss.

Example 3: You start with $100,000. You achieve profits of $2,000. You request a withdrawal which locks in your Maximum Total Loss at $100,000. If you withdraw the full $2,000 this will cause your new account to breach by only losing $0.01.

The Maximum Total Loss lock is in place to encourage responsible and long term trading and we therefore suggest a sufficient buffer is left in the account following your first withdrawal.

If you Hard Breach your Hantec Trader account but you have withdrawable profits, you will still be able to withdraw these as normal. However the account is closed and will not be tradable moving forward.

There are no restrictions on trading during news in any of our Challenge or Hantec Trader Accounts.

We advise caution during high impact news releases as there is increased volatility and slippage may occur. Slippage is when your order doesn’t fill at a specific price due to no matching order being available and therefore it is executed at the closest available price.