Challenge Flex & Edge

Profit target, drawdown, trading days and every rule of the evaluation.

15 articles

What is a Challenge?A Challenge is a one-step evaluation. Reach the profit target while respecting the rules to get a Livex funded account.What is the profit target?The profit target is 6% of your account size on Challenge Flex and Challenge Edge.How many trading days do I need?Challenge Flex needs 1 trading day and Challenge Edge 3. Funded accounts need qualified days to request payouts.What counts as a trading day?A trading day is any CME session in which you close at least one trade.How does the maximum drawdown work?The maximum drawdown is 4% of your account size and moves up as your account makes new highs.Flex vs Edge: how the drawdown differsFlex uses an intraday trailing drawdown and Edge an end-of-day drawdown. Here is the difference with examples.Is there a daily loss limit?Challenge Edge and Direct Pass have a 2% daily loss limit. Reaching it pauses trading until the next session.What is the consistency rule in the Challenge?Your best day cannot represent more than 50% of your total profit. Here is how it works, with examples.Which trading styles and strategies are allowed?Allowed and prohibited trading practices, overnight positions and maximum contracts per account.What happens if I breach a rule?Some rules end the account, others only pause trading or delay a payout. Here is what happens in each case.Can I reset a failed Challenge?Reset a breached Challenge Flex or Edge at a reduced price and start again with a fresh account.What happens if I stop trading?Accounts with no trading activity for 14 consecutive days are closed. You can ask us to pause your account for a break.How do I know I have passed?Your dashboard tracks every rule in real time. When all requirements are met, request your Livex activation.How long does the Challenge review take?Challenge reviews are usually completed within 24 hours. Here is what we check and the possible results.What happens to my Challenge account after I pass?After you pass, your Challenge is closed and replaced by a new Livex account with the full starting balance.