SwayFunded - Challenge Types

Understanding SwayFunded Challenge Types

What are the different challenge types offered by SwayFunded?

SwayFunded offers three challenge types:

• Regular Challenge
• Rapid Challenge
• No Consistency Rule Challenge

Before starting any challenge, you would need to choose your account size.

1. What is the Regular Challenge?

The Regular Challenge is the standard challenge type offered by SwayFunded. It consists of a two-phase evaluation process before reaching the funded stage. The key rules include:

• Consistency Rule
• Maximum Daily Loss Rule
• Maximum Overall Loss Rule

Add-ons available for Regular

2. What is the Rapid Challenge?

The Rapid Challenge is a new challenge type that costs 50% more than the Regular Challenge depending on the account size of your choice. It features:

• One-Phase Evaluation: Traders only need to pass a single phase to get funded, compared to two phases in the Regular Challenge.
• Increased Profit Target: The profit target is set at 15%, up from 10% in the Regular Challenge.

Add-ons available for Rapid Challange

3. What is the No Consistency Rule Challenge?

The No Consistency Rule Challenge is another new type that costs 20% more than the Regular Challenge depending on your account size. It includes:

• Three-Phase Evaluation: Traders must pass three phases to get funded.
• Profit Targets: The profit target for the third phase is 8%, which is the same as for the second phase in the Regular Challenge.

Add-ons available for No Consistency Rule

4. What are the key differences between the Rapid and No Consistency Rule Challenges?

• Evaluation Phases:

  • Rapid Challenge: Requires only one phase to get funded.
  • No Consistency Rule Challenge: Requires three phases to get funded.

• Cost:

  • Rapid Challenge: Costs 50% more than the Regular Challenge.
  • No Consistency Rule Challenge: Costs 20% more than the Regular Challenge.

• Profit Targets:

  • Rapid Challenge: The profit target is 15%.
  • No Consistency Rule Challenge: The profit target for the third phase is 8%.

5. Are the standard rules applicable to all challenge types?

Yes, the core rules such as the maximum daily loss rule and maximum overall loss rule apply to all challenge types, including the Regular, Rapid, and No Consistency Rule Challenges. However, the Consistency Rule does not apply to the No Consistency Rule Challenge.