Rules, Withdrawal Conditions, and Trading Permissions for Blue Guardian Instant Funded Accounts
Blue Guardian's Instant Funded accounts offer traders the opportunity to trade with funded capital while adhering to specific rules and guidelines. Below is a comprehensive overview of the key rules, withdrawal conditions, and trading permissions for these accounts.
Overview of Account Rules
Drawdown Limits
Maximum Daily Loss: 3% of the initial account balance.
Maximum Overall Loss (Trailing): 6% of the account balance.
Guardian Shield: Automatically closes all open trades if the open profit and loss (PnL) reaches a 1% loss. This is considered a soft breach, allowing trading to resume immediately after the first breach. However, repeated breaches can lead to account termination.
Consistency Rule
In a payout period, profit from any single trading day cannot exceed 20% of the total profits. If violated, the payout request button will not be enabled. However, the account will not be terminated, and trading can continue until the consistency rule is met.
Minimum Trading Days
A minimum of 5 trading days is required to qualify for withdrawals. For a day to count as a trading day, a profit of at least 0.5% of the initial balance must be achieved based on the closed balance. Days ending in losses do not count, and the trading days do not need to be consecutive.
Trading Permissions and Restrictions
Leverage: Up to 1:30 for Forex, 1:10 for Indices and Commodities, and 1:2 for Crypto.
Trading Strategies: News trading 5 minutes before or after, hedging, martingale strategies, and trading without a stop loss are permitted.
Overnight and Weekend Trading: Allowed.
Stop Loss: Not mandatory but recommended.
Withdrawal Rules and Processes
Eligibility Criteria
Traders must meet the minimum trading days and consistency rule requirements.
The account balance must be above the initial balance with no rule violations.
All positions must be closed (no open trades or orders) to request a payout.
Payout Details
Profit Split: 80% to the trader or 90% with an add-on via the checkout.
Minimum Withdrawal Amounts: $500 via Rise and $100 via Crypto.
Payout Frequency: Payouts are on demand and Traders can request payout at any time once they have met the consistency rule and the minimum trading days.
Processing Time: Payouts are processed within 1-2 business days.
Withdrawal Methods: Funds can be withdrawn to Rise account or crypto wallet. Payments below $2,000 can only be withdrawn via crypto.
Guardian Shield Breach Consequences
If your PnL on open trades reaches a 1% loss of initial account balance, Guardian Shield will, in most cases, automatically close all open trades for all symbols. This is a soft breach, and you may immediately begin trading afterward unless you reach maximum of 2 breaches
First Breach: Profit split is reduced to 50%.
Second Breach: The account is permanently breached.