Yes, but it depends on the phase you are currenly in
Challenge phases do not have the consistency rule, however, once you reach the funded stage, there is a 40% consistency rule. (Not applicable to Beginner Accounts)
What exactly does it do?
This consistency rule helps us track if you are staying true to your current strategies and risk management as well.
How does it work?
It simply means that a single trading day cannot be equal or greater than 40% of the total profits made for the account
Withdrawal Condition
Eligibility of Withdrawal may also come from this rule. You are ineligible for a payout if you have a single trading day that violates this rule, however, there will be no account termination involved. Only a pushback to the withdrawal until your total profits are enough to lower the percentage of the 40% single trading day.
What should traders do if they make more than 40% of the total profits in one trading day?
Upon getting more than 40% of the total profits in a single trading day, you will be asked to continue trading and make more profits until the total profits increase, making the trading day have a lower percentage
Example:
Total Profits: $5,000
40% of $5,000 = $2,000
Profit for a Single Trading Day = $2,300
Status: INELIGIBLE for Payout
*You will be asked to trade further*
After Trading:
Total Profits: $6,000
40% of $6,000 = $2,400
Profit for a Single Trading Day = $2,300
Status: ELIGIBLE for Payout
The consistency rule is only for payout purposes, but this will not lead to account termination. You simply have to continue trading for us to see that there is consistency in your system.