Only JPG, JPEG, PNG allowed. Max size: 2MB
The Daily Loss Limit is the maximum amount you can lose in a single trading day.
This rule prevents traders from taking excessive risk in one day and helps maintain disciplined trading.
Once your loss reaches the daily limit, you should stop trading for that day.
Example:
Suppose your challenge account size is $300.
Daily loss limit is $9.
If you take multiple trades such as -$3, -$4, and -$2, the total loss becomes $9.
At this point you have reached the daily loss limit and cannot place more trades that day.
If this limit is breached, the account will be temporarily frozen.
To reactivate the account, the trader must reapply for the challenge.
The trader must pay the reactivation fee (applicable for all challenges including free ones).
The trader must pass the challenge exam again.
After successful completion, the account will be unfrozen and trading can resume.
Maximum Drawdown is the maximum total loss allowed on your account during the entire challenge.
This rule protects the firm’s capital and ensures traders follow proper risk management.
Unlike the daily loss limit, the drawdown is evaluated based on your account balance including profits.
This means the drawdown limit adjusts according to your current account balance.
Example:
Suppose your account size is $300.
Maximum drawdown allowed is $18.
Your minimum balance allowed at the start is $282.
Now imagine you make a profit of $200.
Your new account balance becomes $500.
The drawdown will now be calculated from this updated balance.
If the drawdown limit is $18, your minimum allowed balance becomes $482.
If your account balance falls below the allowed drawdown level, the rule is considered violated.
If this rule is violated, the account may be frozen.
To continue trading, the trader must reapply for the challenge.
The required reactivation fee must be paid.
The trader must pass the challenge exam again before trading resumes.
The Profit Target is the amount of profit you must reach to successfully complete the challenge.
It shows that the trader can generate profit while following all trading rules and risk limits.
Example:
If the account size is $300 and the profit target is $60.
You might achieve this with trades like +$15, +$20, +$10, and +$15.
The total profit becomes $60 and the challenge target is reached.
However, the profit target is only valid if all trading rules are followed.
If any risk rule is violated during the process, the account may be frozen.
The challenge must then be reapplied and passed again.
Trader accounts are reviewed every month.
During evaluation we check overall profits, rule compliance, and trading consistency.
If the account is profitable and all rules are followed, profits are calculated for payout distribution.
After evaluation, profits are shared between the trader and the firm.
The profit split at Choicesay is 50 percent for the trader and 50 percent for the firm.
Applicable taxes and processing charges may be deducted before payout.
Example:
If the monthly profit is $1000.
The trader receives $500.
The firm receives $500.
Traders must use a Choicesay trading account to participate in challenges and trading activities.
This account acts as the official trading account inside the platform.
To activate and maintain the account, a small annual account fee is required.
Once the yearly fee is paid, the trader receives full access to the trading dashboard and challenge account.
The annual fee is charged once per year.
The account remains active during the subscription period.
Each challenge includes a defined profit evaluation period.
This is the time window within which the trader must achieve the required profit target while following all trading rules.
For example, a challenge may provide a 7 day evaluation period.
During these days the trader attempts to reach the profit target while respecting risk limits.
Example:
Account size is $300.
Profit target is $60.
Evaluation period is 7 days.
If the trader reaches the $60 target within those 7 days, the challenge is successfully completed.
However the account will not be frozen after reaching the target.
The trader may continue trading for the remaining days of the same evaluation period.
At the end of the 7 day period, profits are evaluated.
A new evaluation period of 7 days will begin again.
The trader will then work toward achieving the profit target again for the next period.
If the trader does not reach the profit target within the evaluation period, the account may be temporarily frozen.
To continue trading, the trader must reapply for the challenge.
The applicable reactivation fee must be paid.
The trader must pass the challenge again before trading resumes.