Applies to: CFD
Short answer
Buy Now Pay Later (BNPL) is a one-phase CFD evaluation you can start for just $10. Reach 4% profit within a 4% daily loss and an 8% trailing drawdown. When you pass, pay a one-time activation fee to get your funded account. Once funded, payouts are on demand after 5 profitable days, as long as you meet the 20% consistency rule, with an 80% profit split.
Key numbers
Cost to start | $10 |
Profit target | 4% |
Max daily loss | 4% of starting balance |
Max drawdown | 8% trailing (locks at starting balance once you reach +8%) |
Minimum trading days | None to pass; 5 days with at least 0.5% profit each before a payout |
Consistency | 20% (funded only) |
Guardian Shield (funded) | Closes all trades at 1% floating loss |
Profit split | 80% |
Payouts | On demand; minimum $100 crypto, $500 Rise |
News trading | Allowed in evaluation; restricted on funded |
Minimum hold time | 2 minutes |
The evaluation
Profit target
Start your evaluation for $10 and reach 4% profit while following all the rules. There's no minimum number of trading days to pass. Your account then has a final review.
Activation fee
After you pass, pay a one-time activation fee to activate your funded account:
Account | $5K | $10K | $25K | $50K | $100K | $200K |
Activation fee | $52 | $98 | $202 | $352 | $686 | $1,033 |
Maximum daily loss: 4%
Your daily loss limit is 4% of your starting balance, measured from whichever is higher at the 5:00 PM New York reset: your balance or your equity.
Floating profit at reset: on $100K with $2,000 floating profit, equity is $102,000, so it can't drop below $98,000 the next day.
Floating loss at reset: with $2,000 floating loss, your $100,000 balance is higher, so equity can't drop below $96,000.
No open trades: the limit is your closed balance minus 4% of your starting balance.
Maximum drawdown: 8% trailing
Your maximum drawdown trails 8% below your highest closed balance. Once you reach +8%, it locks at your starting balance and stops trailing. Drawdown includes closed profits and losses, swaps and commissions.
Example on $100K: you start with a daily limit of $96,000 and a max drawdown of $92,000. After making $5,000 (balance $105,000), the next day's daily limit is $101,000 and your max drawdown trails up to $97,000.
Funded account
Guardian Shield
If your open trades reach a combined 1% floating loss, Guardian Shield will usually close all open trades. You can keep trading straight away, but there are consequences:
1st time: your profit split drops to 50% permanently.
2nd time: the account is permanently breached.
Payouts
When: on demand, once you've had 5 trading days with 0.5% profit or more (they don't need to be consecutive) and you meet the consistency rule.
Consistency rule: 20%. Your best day must be below 20% of your total profit in the payout period. Example: with a $1,000 best day, you need at least $5,000 total profit.
Conditions: account above starting balance, no rule violations and all positions closed.
1% withdrawal buffer: once you reach +8% and your drawdown locks, you must leave 1% of your starting balance in profit. Example: with exactly $8,000 profit on $100K, you can withdraw up to $7,000.
Profit split: 80%.
Trading rules
News: allowed during the evaluation. On funded accounts, don't open or close trades from 5 minutes before to 5 minutes after high-impact news on affected instruments. See CFD news trading rules.
Tick scalping: hold each trade for at least 2 minutes.
Overnight and weekends: allowed.
Expert Advisors: allowed, if they're your own setup. VPNs and VPS are allowed, but not to get around copy trading, group trading or signal rules.
Copy trading: only between accounts you legally own, including between your own evaluation and funded accounts.
Stop losses: not mandatory, but you're responsible for staying within the rules.