FAQ

No, holding positions over the weekend is not permitted in the 10K Flash Challenge. However, you can trade cryptocurrencies during the weekend.

No, the 10K Flash Challenge does not offer a refund for the evaluation fee.

No, the 10K Flash Challenge is not eligible for the scaling plan.

Once your authorized live accounts (of the same series) achieve a total profit of 10% and all profits have been paid out, you will receive an upgraded account based on the progression table below.

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Important Notes:‍

• Any profit exceeding 10% in the current accounts (or series) will not be considered as a criterion for upgrading to the next account level.

• Upgrades must follow sequence - skipping levels is not allowed (e.g. 50% → 70% skip is not permitted)

• Upgrades must be approved by our team. SiegPath reserves the right to delay any upgrade pending review of the authorized live account.

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Example:

If you earn $500 in the first account, you can payout $250 in profit. Then, SiegPath will issue a new account, with a payout ratio still at 50%.

In the second account, if you earn $700, you can payout $350. At this point, your cumulative profit has reached $1,200 (12%), and SiegPath will issue a third account.

The payout ratio for the third account will be upgraded to 60%, and the cumulative profit will reset to $0. If you continue to earn $900, you can withdraw $540. The cumulative profit for this series will be $900 (9%), not $2,100 (21%), because the account has been upgraded and any excess profit from the previous series will not count towards the criteria for further upgrades.

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When the account's floating equity reaches the maximum drawdown level, it will be considered a hard breach.

The maximum trailing drawdown is initially set at 5% of your account's starting balance and adjust upward as your account balance increases, trailing the high water mark of closed balance. However, this limit is capped at the initial funded amount during the authorized live account stage.

Example 1: If your starting balance is $10,000, you can drawdown to $9,500 before violating the maximum trailing drawdown rule.

Example 2: If your account balance increases to $10,200 in closed balance, this becomes your new high-water mark.

Maximum Trailing Drawdown = $10,200 x 5% = $510

Maximum Trailing Drawdown level would be $10,200 - $510 = $9,690

Example 3: If your live account increases to $10,526.3 in closed balance, the maximum trailing drawdown will be locked at your starting balance of $10,000. As long as you do not exceed the daily loss limit of 2.5%, you can continue to trade indefinitely.

When the account's floating equity reaches the daily loss limit, it will be considered a hard breach.

The daily loss limit is the maximum amount your account can lose in a single day. It is calculated based on the balance from the previous day, which resets daily at 00:00 GMT+2 (Standard Time) or GMT+3 (Daylight Saving Time). The daily loss limit adjust as your balance increases.

Example 1: If your balance at the end of the previous day was $10,000, your account would exceed the daily loss limit if your equity dropped to $9,750 during the day.

Example 2: If your floating equity is +$400 on a $10,000 account, your daily loss limit for the next day is still based on your balance from the previous day ($10,000). Therefore, your daily loss limit remains at $9750.

Example 3: If you make a $400 profit on a $10,000 account, your closed balance at the end of the day would be $10,400. For the next day, your daily loss limit is calculated based on this new balance, meaning your limit would be $10,140.

The 10K Flash Challenge has no consistency rule, making it ideal for traders with sharp market insights. This program allows traders to achieve certification and receive payout rewards on the same day as their purchase.

We offer leverage of up to 1:30.

Currency Pairs 1:30

Metals and Energies 1:10

Indices 1:15

Stocks 1:10

Crypto 1:1