In the BoerFunded Evaluation and Verification Phases, you will trade with the same account balance selected, maintaining continuity from your chosen amount, be it $100,000 or any other. Managing a $100,000 Funded Account, your status as a Funded Trader hinges on meeting specific drawdown limits.
Limit daily losses to no more than 5% of the day's starting balance (Daily Drawdown)
Keep overall losses below 10% of the initial balance (Overall Drawdown)
Profit Distribution:
With the BoerFunded Account, you are entitled to an 80% profit split by default. This can be enhanced to 95% if you opt for the Add-On during your Challenge. Staying within the drawdown limits and achieving profitability makes you eligible for your initial payout once your Funded Account accrues $100 in profit. You can subsequently request payouts whenever your Funded Account attains a minimum profit of $100.
Breach of Drawdown Limits or Funded Account Requirements:
In the event of breaching the Daily or Overall drawdown limits or any other stipulated rule, your Funded Account will be temporarily disabled. However, you can re-engage by purchasing another challenge, resuming the funding process without incurring any penalties. It's important to note that you won't bear any losses, as BoerFunded assumes the risk for all potential losses on your behalf.