Challenge Agreement

1. Trading objectives

Each plan defines its own objectives, which may include: a profit target (the simulated profit required to pass a phase), a maximum daily loss limit, a maximum overall loss / drawdown limit (either static — measured from the starting balance — or trailing — measured from your highest equity high-water mark), a minimum-activity requirement, a consistency requirement, and minimum and/or maximum trading-day requirements.

You are responsible for knowing the objectives that apply to your account. They are shown at purchase and remain visible in your terminal, including a live drawdown indicator.

2. Daily loss limit

The maximum your equity may fall within a single server-defined trading day, measured from your day-start equity and taking open floating profit and loss into account. Reaching this limit is a hard breach and ends the challenge on the affected account.

3. Maximum drawdown

The maximum your account may fall overall. On static-drawdown plans this is measured from the starting balance; on trailing-drawdown plans it follows your highest equity high-water mark and locks once specified. Reaching this limit is a hard breach.

4. Consistency rule

Where a plan applies a consistency rule, no single trading day may contribute more than the stated percentage of your total profit. This is designed to reward steady, repeatable performance rather than a single outlier day. Accounts that fail the consistency requirement may be prevented from passing or from receiving a payout until the requirement is met.

5. Minimum activity and inactivity

Some plans require a minimum number of qualifying trading days, where a qualifying day is one on which you take at least a minimum amount of risk. Accounts left dormant beyond the published inactivity window may be closed.

6. Prohibited strategies

The following are prohibited on all accounts, regardless of plan: hedging across two or more accounts (your own or coordinated with others), group hedging, and any coordinated or copied trading across accounts or traders; latency, price-feed, or reverse arbitrage; exploitation of stale, delayed, off-market, or erroneous quotes; gap, spike, or tick-scalping exploits and abuse of guaranteed-limit fills; high-frequency trading; and exploitation of any bug, error, or vulnerability in the platform, pricing, or systems.

These practices seek to exploit the simulated environment rather than to demonstrate genuine trading skill, and are treated as a material breach.

7. Restricted practices

News trading, weekend/overnight holding, expert advisors (EAs) and other automation, martingale, and grid trading are permitted, limited, or prohibited on a per-plan basis, as published on the plan page. Even where a practice is permitted, the ordinary market effects it produces — slippage, spread widening, and gaps — are part of the simulation and are not grounds for compensation.

8. Anti-hedging enforcement

Hedging on a single account (holding directly opposing positions in the same instrument) is discouraged: the first occurrence is a warning, and a repeat is treated as a breach.

Hedging across accounts — opposing positions in the same or correlated instruments held across two or more of your accounts — is never permitted. Where it is detected, every trading account associated with you may be breached, not only the accounts involved. You are not banned for this by itself, but all affected accounts are ended.

9. Breaches and detection

Rule violations are detected automatically, including at tick level. A hard-limit breach immediately disables trading on the affected account and closes open positions. A breach is final. Where a trader reasonably disputes a breach, Kiwi Funded may — but is not obliged to — review the tick-level logs. Kiwi Funded is the sole judge of whether conduct constitutes a prohibited or restricted practice.

10. Resets and progression

A breached evaluation may be restarted by purchasing a paid reset; a breach does not entitle you to a free new account. Passing an evaluation phase does not automatically fund you — advancement to a funded account is subject to identity verification (KYC) and signing the Trader Agreement, as described in those documents.

11. Rewards

Meeting the objectives on a funded account may make you eligible to request a payout, calculated using your plan’s profit split and subject to the caps, holding, activity, and consistency requirements then in force. Rewards are discretionary and may be withheld where an account is tainted by any breach or prohibited practice.

12. Amendments

Kiwi Funded may amend the objectives and rules prospectively. Where practical, material changes are communicated in advance; continued trading after a change takes effect constitutes acceptance of the amended rules.