BloomFunded Rules

BloomFunded's plans state a maximum drawdown of 6% to 10% of the account size (drawdown type: trailing and static), across 4 plans. A consistency rule applies: 1-Step: 35% of the profit target per day in evaluation and 35% of the payout request when funded; 2-Step: 40%; Instant: 20% of the payout request; Easy 5K: 50% in the funded phase only. News trading is permitted.

BloomFunded's plans state a maximum drawdown of 6% to 10% of the account size (drawdown type: trailing and static), across 4 plans.

A daily loss limit of 3% to 5% is stated on 4 of 4 plans; where a plan shows a dash, no daily figure is recorded for it.

Dollar amounts are the published percentage applied to the account size.

In BloomFunded's words

Plan figures: “In the 1-Step Challenge, the Maximum Drawdown is a trailing 8% of the highest equity achieved at any point during the challenge.” www.bloomfunded.com/…/synthetic-challenge-terms

A consistency rule caps how much of your total profit a single trading day may account for. Here is what BloomFunded states.

In BloomFunded's words

Consistency rule: “During the Evaluation Phase, no single trading day may generate a profit greater than 35% of the applicable profit target.” www.bloomfunded.com/…/synthetic-challenge-terms

In BloomFunded's words

Minimum trading days: “Minimum Profit Requirement: you must make a minimum of 0.5% profit to qualify as a minimum trading day.” www.bloomfunded.com/…/synthetic-challenge-terms

Time limit: “There is no time limit.” www.bloomfunded.com/…/faq

In BloomFunded's words

News trading: “News does not affect synthetics.” www.bloomfunded.com/…/faq

Expert advisors and automated trading: “BloomFunded does allow trading with EAs as long as they follow all the rules outlined in the challenge terms.” www.bloomfunded.com/…/faq

Copy trading: “BloomFunded allows copy trading through a designated VPS between your own BloomFunded Challenge Accounts, as long as one account is clearly designated as the master account.” www.bloomfunded.com/…/synthetic-challenge-terms

Hedging: “Hedging is not allowed by BloomFunded for the time being.” www.bloomfunded.com/…/synthetic-challenge-terms

High-frequency and latency arbitrage: “Executing 50% or more of your trades in under 2 minutes is prohibited.” www.bloomfunded.com/…/easy-5k-challenge-terms

In BloomFunded's words

Weekend holding: “As synthetics are available 24/7, we allow you to trade anytime.” www.bloomfunded.com/…/faq

Overnight holding: “Yes, you may hold positions overnight, but fees will apply.” www.bloomfunded.com/…/faq

Trading hours: “As synthetics are available 24/7, we allow you to trade anytime.” www.bloomfunded.com/…/faq

Not yet available; the FAQ says a scaling plan is on the way.

In BloomFunded's words

Scaling plan: “Our scaling plan is on the way. We will keep you updated.” www.bloomfunded.com/…/faq (the page is ambiguous on this)

In BloomFunded's words

Maximum number of accounts: “At BloomFunded the maximum allocated capital is 200k, or 4 accounts.” www.bloomfunded.com/…/faq

Account sharing: “Accessing or allowing trading on their BloomFunded Challenge Account by any third party is also prohibited.” www.bloomfunded.com/…/synthetic-challenge-terms

Inactivity: “However, if there is a period of inactivity longer than 30 days, the account will be suspended.” www.bloomfunded.com/…/faq

Resets: “No. Once the account is terminated you will have to purchase a new challenge.” www.bloomfunded.com/…/faq

These were not stated on the pages of BloomFunded's site we read. They may be published somewhere we did not look, which makes them the questions to put to its support desk before paying.