Question 1

What are the rules of the 3-step plan?

Accepted Answer

To pass the simulated 3-Step Challenge, you must follow a few key trading rules 
- Maintain 4% daily loss limit
- Maintain 8% static maximum loss limit 
- Complete trades on at least 3 separate days on each challenge phase
- Reach 6% profit target on each challenge phase

Question 2

What is the payout policy?

Accepted Answer

Once you pass the 3-Step Challenge and activate your Live Simulated Account, payouts reward your performance.
- **First Payout**: Request your initial payout after 14 calendar days from your first trade on the live simulated account
- **Subsequent Payouts**: Withdraw every 14 days thereafter
- **Profit Split**: 80/20

Question 3

How to calculate the daily loss level for 3-step accounts?

Accepted Answer

The daily drawdown limit is an important rule that applies to all phases of trading at Seacrest Markets. The daily drawdown limit for simulated 3-Step accounts is 4%. This means that at any point during the trading day, if your total losses from closed trades and open positions exceed 4% of your starting daily balance, it's a violation of the daily drawdown limit. Remember that swap charges, commissions, and other fees are included in the total.

**To calculate your daily loss limit, use this formula**:

Daily Drawdown Limit = Starting Daily Balance × 0.04 (4%)
Keep in mind that the daily loss limit resets every day at 5:00 PM EST.

**Here's a better explanation of how the daily drawdown limit works**:

**Example 1**:
You have a $100,000 account, and that's your starting daily balance at 5:00 PM EST. 4% of $100,000 is $4,000, so your daily limit is $96,000. If your equity touches $96,000 or lower during the day, the account breaches for daily drawdown.

**Example 2**:
Demo Account balance: $50,000
Starting demo account balance of the day: $50,000
Daily simulated drawdown limit: 4%
Maximum daily simulated loss: 4% of $50,000 = $2,000
To read more about floating loss please check here: Floating Loss

The daily drawdown limit serves as a risk management measure, ensuring that traders control their equity decrease within a specified range during each trading day. By adhering to this rule, traders can protect their virtual capital and maintain a disciplined approach to managing losses.

​You can always check your daily loss limit and reset counter in your dashboard for easy tracking.

Question 4

What Happens After Passing the 3-Step Challenge?

Accepted Answer

3-Step Challenge tests your consistency across three phases. Ensure you've met the profit targets and minimum days for each before proceeding.

**Read more about 3-Step rules here**:
**1. Phase 1**: Achieve 6% profit and the minimum profitable days. Once done, close all trades manually. The system verifies and generates your Phase 2 credentials immediately, available in your dashboard and email.
**2. Phase 2**: Achieve 6% profit and the minimum profitable days. Close all trades again to lock in the balance. The system verifies and generates your Phase 3 credentials immediately, available in your dashboard and email.
**3. Phase 3**: Reach 6% profit, plus the minimum trading days. Close all trades again to lock in the balance. The system confirms and provides your Live Simulated Funded account credentials right away, no waiting period.

**Close All Trades**: Once the profit target is reached for each phase, you have to manually close all your trades. We do not automatically close your trades.

Level up your game with the best 3-step plan out there.

3-Step Trading Objectives with Examples

Top Benefits of our 3-step Challenges

Frequently asked questions

What are the rules of the 3-step plan?

What is the payout policy?

How to calculate the daily loss level for 3-step accounts?

What Happens After Passing the 3-Step Challenge?

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