1. Account information rules
The trader has no right to change the account information, i.e. the main password and the investor password. In this case, the rules have been violated and his challenge will be rejected.
2. Drawdown rules
The basis for daily drawdown calculation is the starting balance of the day and the overall drawdown basis is the initial balance of the account. During a trading day, the equity of the account should not reach below 5% in two-stage challenges and 3% in one-stage challenges of the starting balance of the day. Placed.
3. Usable brokers
All the brokers that are available in the test spread section can be selected.
4. Broker change conditions
The trader can request to change the broker after passing the ongoing phase or after receiving payment in the fund account.
5. Refund rules
After passing the two challenge stages, with the first withdrawal, 100% refund interest plus 12% of the profit created on the first and second phase is paid to the trader. Economic challenges do not include refunds.
6. Hedging rules
The trader should not trade between the trading accounts in all stages of the challenge or his own rail or with other traders in Persian Fund or with other hedge prop forms. There will be no transaction for the trader or traders involved in the hedge, and Persian Fund has the right to terminate cooperation with the trader immediately. The use of trading hedge between accounts is outside the principles of correct risk management and capital management.
7. Gambling trade
Traders who, with a trading position in one trade or several trades in a row (opening time of trades with an interval of less than 5 minutes) on a trading symbol, try to create more than 80% of the target profit in two-stage challenges and 70% of Target profit in one-step challenges to pass the challenge or trade in fund accounts with very high risk will not be accepted from them, and it is considered a violation of the rules of risk management, and the trader’s challenge account is created to pass the challenge or pay profit. will not be accepted. The purpose of this law is only to prevent people who intend to go through all the steps by hedging or gambling.
Additional: There is no problem in entering a trade with an interval of less than 5 minutes, you can have infinite trades with an interval of less than 5 minutes, you should note that these transactions should not create more than 80% of the target. For example, if you have a two-stage $100,000 challenge, your target in the first stage is $8,000. 80% of your target is equal to $6,400. You should not make this amount of profit from one trade or multiple trades in a row with an opening interval of less than 5 minutes.
By the way, the 5-minute interval does not mean that a transaction is opened on a symbol and after 5 minutes, you open a transaction on that symbol again, because the previous transaction was not closed, these are counted at the same time.
Because they are open at the same time, in order not to be counted at the same time, one should be closed and another transaction should be opened after observing 5 minutes, so as not to violate this law
8. Acceptable styles for trade
All trade styles such as swing, daily trade, scalp and fast scalp are allowed.
9. Using Stop Loss
The trader is allowed to trade without using the loss limit.
10. Trade copy
Traders should not do copy trading from other people’s accounts. Only copy trade between one’s own accounts is allowed.
11. Violation of Latency Arbitrage
Whenever, at the same time, in the same symbol, the price of a broker is presented with a different market price, and the trader uses this price difference for an unrealistic profitable transaction on the demo servers, the profit created is unrealistic and against the rules of all prop forms. It is also the prop form of Persian Fund. In this situation, the trader will be given a one-time notice of delayed arbitrage, and the generated trade profit will not be taken into account. In case of repetition, the trader’s challenge account is considered failed and the account is considered fielded.
12. Restrictions on trading during news
There is no time limit for news trading. The trader should pay attention to the fact that the spread becomes wide during important news and this applies to all brokers, Persian Fund is not responsible for the closing of the trade due to the high spread during the news.
13. Minimum trading days
There is no limit in terms of minimum trading days.
14. Amount of risk per transaction
There is no minimum and maximum and risk and capital management is the responsibility of the trader. It is worth noting that the above topic does not include gambling transactions.
15. Negotiable instruments
All currency pairs and indices offered by the chosen broker can be traded.
16. Keeping the weekend trade open (Hold)
You can keep trades at the end of the day and week.
17. Slippage and spread
Slippage and widening of the spread may occur during news, chats or even extreme price fluctuations, and it is normal. Persian Fund does not do any manipulations in spread and slippage, all these things are with the chosen broker.
18. IP change
It is better for traders to enter the panel and Metatrader with only one fixed IP, but considering the conditions of Iran, we understand that traders may log in to the account with different IPs and there will be no problem, but sharing the Metatrader password with the transaction Other things are against the rules and if seen, your account will be closed.
19. Inactivity
If at any stage the trader wants not to make a transaction for more than 2 weeks, he must send a ticket to the support section. Transactions with low volumes are not accepted during this period.
20. Group trade
If you trade as a team, there is no problem with team trading as long as the trades are not done by copy trading or 80% of entry points and profit and loss limits are similar. If you trade with the team, be sure to send a ticket to support.
21. Laws of economic challenges
One-stage economic challenges do not have a time limit, and two-stage economic challenges have a time limit. Economic challenges do not have analysis panel and refund
22. Having simultaneous challenge accounts
Each person can have up to 400,000 dollars in unfunded challenges, for example, you can have 2 accounts of 200,000 dollars in the challenge stage.
23. Capital growth
Each fund account can send a capital growth request of up to 20% after 3 months of trading and 3 withdrawals and making a total of 10% profit in these 3 withdrawals. Capital growth limit is up to 1 million dollars for each person.
24. Withdrawal of profit
The first profit withdrawal is 30 days after the first trade in the fund account, after that you can send a withdrawal request every week.
Persian Fund Prop Firm
The information on the Website is provided solely for analysis purposes only and should not be construed as financial, investment, tax, or other advice. Nothing on the Website or in our Services represents a solicitation, advice, endorsement, or offer to purchase or sell stocks or other financial instruments by Thepersianfund, its agents, employees, contractors, or any connected entities. You are solely responsible for assessing the benefits and risks associated with the use of any information or other content on the Website. All investments include substantial risk, and an individual’s investment decisions are solely his/her obligation. All information on the Website is provided “as is”, with no guarantee of completeness, accuracy, timeliness, or of the results obtained from the use of this information, and without warranty of any kind, express or implied. Thepersianfund, or its partners, employees, or agents, shall in no way be responsible to you or anyone else for any decision made or action taken in reliance on the information on the Website, or for any consequential, special, or similar damages, even if warned of the potential of such damages. Purchases should not be considered as deposits. All program charges are utilized for working expenses including, however not restricted to, staff, innovation, and other business-related costs. Persian Fund is a capital providing company and does not provide services as a broker. Trading in financial markets involves a lot of risk for your capital and may not be suitable for everyone. For this reason, you should understand its risks and seek a professional financial advisor if needed. You should assess your goals, financial situation and experience level before using our services. Persian Fund will not consider your financial situation and the expenses will be spent on the company’s affairs. All information provided on this site is intended solely for study purposes related to trading in the financial markets and in no way constitutes a specific investment recommendation, investment opportunity analysis or similar general advice on the financial markets. Financial markets have a lot of leverage and risk, and it is possible to lose part or all of the capital in the financial markets. If you do not have enough experience and knowledge in these markets, avoid investing in these markets. Persian Fund is not responsible for the trading accounts provided. This website and its administrators have no responsibility or interest in the profits or losses that traders earn in the accounts. If there is a possibility of losing your capital in the challenges, please do not participate in the challenges.
