COMPLETING THE EVALUATION PHASE
Becoming a Qualifed Trader
Upon successful completion of the Evaluation Phase, embrace the status of a Qualified Trader. With no profit target, your focus shifts to consistent trading excellence.
Challenge Specifications: Key Parameters for Your Trading Success
Trading Period
Enjoy unlimited trading opportunities with no time constraints.
Minimum Trading Days
Complete your challenge within a minimum of 5 trading days.
Maximum Loss
Limit your potential losses to 8%, ensuring risk management.
Profit Target
Aim for a profit target of 8% and exceed your trading goals.
Leveling the Field: Equal Opportunities and Flexible Trading Strategies
At NextGen Collective, we believe in providing all traders with an equal starting point, offering generous account balances ranging from $10,000 to $200,000 to kickstart their trading journey. This ensures that everyone has the same opportunities to succeed, regardless of their initial investment.
Additionally, our platform allows the use of Expert Advisors (EAs) to assist traders in executing their strategies. While we embrace automation, certain restrictions apply to maintain a fair and transparent trading environment. We prohibit the use of High-Frequency Trading (HFT) EAs, ensuring that market integrity and fairness are upheld. However, traders are free to utilize other EAs, including those employing martingale systems, hedging, and various trading techniques, empowering them to explore diverse strategies and optimize their trading performance.
We employ rigorous verification processes to ensure that trading results are accurate and transparent. This includes verifying account activity, monitoring trading performance, and implementing measures to prevent fraud or manipulation.
You are permitted to maintain more than one active challenge; however, it’s essential to avoid hedging trades across multiple challenges. Please ensure that you employ distinct trading techniques for each challenge to prevent the suspension of your account(s).
MetaTrader 4 (MT4) is a popular trading platform used by traders worldwide. It offers advanced charting tools, technical analysis indicators, and automated trading features.
Account verification typically takes a few business days, depending on the volume of applications and the accuracy of the information provided. Make sure to complete the verification process promptly to avoid delays in accessing your account
