Trading Rules

Trading During News Events
You are allowed to trade during news events without any restrictions. Trade confidently at any time and on any financial instrument.

Use of Automated Trading Systems

The use of automated trading robots (Expert Advisors or EAs) is not permitted on our trading platform. You are only allowed to trade manually, relying on your own personal analysis. Therefore, we do not approve the use of trading EAs.

However, the use of capital management EAs (such as those used for setting lot size or risk parameters) is allowed, provided they are used solely for managing capital and not for opening or closing orders.

In summary, capital management EAs are only permitted if all order placements are done manually and no trades are executed directly by the EA.

Number of Proprietary Trading Accounts
Each trader can have as many prop accounts as they want, but the maximum total capital they can have is $250,000.

Swap Fees in Prop Trading
Swap fees apply to prop trading accounts, but there are no restrictions on when trades can be closed. You can close your trades anytime.

Profit Withdrawals

Profit withdrawals in the Gold and Platinum challenges and the tournament are processed every two weeks. Traders can withdraw up to 90% of their profits. Please note that traders are required to withdraw their profits once they reach a 20% profit.

For Unicorn challenges (excluding the Gold, Platinum, and Tournament challenges), all traders who successfully complete the challenges and reach the real account stage can withdraw their profits at any time. Additionally, traders are required to withdraw their profits once they reach a 10% profit.

If traders do not withdraw their profits after achieving a 10% gain, only 10% of the profits will be credited to them, and any additional profits will not be considered.

Referral Bonus
You can earn a referral bonus ranging from a minimum of 8% up to 30% for each friend who successfully registers for the prop trading program.

Target Goals
Targets refer to the profit amount a trader must achieve to successfully pass the challenge stages.
Example: In the chosen plan, the first stage target is an 8% profit. In a $50,000 account, to pass phase one, the account profit should reach $4,000. Please note that on the real account, the profit target is Unlimited . Account details will be sent to your email, and it is the trader’s responsibility to keep them secure.

Violation of Rules
If you violate any of the rules of the prop trading program, whether in the test period or real prop account, your account will be automatically deactivated, and the prop trading contract will be terminated. If you wish to trade again, you must pay the relevant fee from the beginning.

Scalping

In funded accounts, traders should not take high-risk positions or commit a large amount of equity to trades that may endanger capital, as a minor market fluctuation may wipe out any profits. 

In Unicorn, the limitations regarding the number of scalp trades have been removed, but risk management still remains important. Please note that if the number of trades under one minute exceeds 6, the account will be rejected.

We expect prop traders to operate like professional traders and avoid overly high-risk strategies.

Similar Trades or Hedging in Multiple Prop Accounts

As long as copy trading, signals, or tools that replicate trades from one account to another are not used, executing similar trades across multiple accounts owned by the same person is not an issue.

However, using tools such as copy trading experts or signal services to transfer trades between accounts is strictly prohibited and considered a violation of the rules.

Hedging Trades:

Clients are not allowed to perform hedging trades across multiple accounts, whether within our prop firm or with other prop firms.

Clients are permitted to have prop accounts with other prop firms. However, hedging between instruments that share a common side is also prohibited.

For example:

  • In Account No. 99501, a buy trade is opened on the EUR/USD currency pair.
  • In Account No. 99502, a sell trade is opened on the GBP/USD currency pair.

This type of trading is also considered hedging and will be treated as a violation.

Please carefully follow the rules to avoid potential issues.

Capital Increase
Once a trader receives a real account, they may apply for capital increases based on the selected plan’s capital growth potential.
For example, if a plan allows for a 100% capital increase, and the trader earns 10% of the initial balance in the first month, they may request an additional 100% capital, up to $100,000 and for packages below $100,000. The UnFX Prop financial analysis team will assess the trader’s account based on the created risks, and the capital increase percentage will be determined.
For example, for a $10,000 package, if the trader earns $1,000 in profit and does not violate other conditions, they can request a capital increase. This would increase their account balance from $10,000 to $20,000.
Note that profit refers to the total profit after closing all trades and deducting trading fees such as commission, swap, and account losses. Each trader can request a capital increase only once.

Challenges above $100,000 will not be eligible for capital scaling.

Additional Rules

In the Unicorn plan, during the challenge stage in the real account, the profit share increases to 70% after achieving a 30% target.

Unicorn Plan Profit Withdrawal

The profit withdrawal for Unicorn plans is based on a 50-50 split. After reaching the 30% target, the profit split changes to 70% for the trader and 30% for the broker.

Floating Risk Rules for Prop Accounts:

Maximum Risk:
The maximum allowable risk is calculated based on each trade or the total open trades.

During the Challenge Phase:

  • Exceeding the risk limit due to slippage is not considered a rule violation.
  • Intentionally exceeding the risk limit will result in the account being reset.

During the Real Phase:

  • Exceeding the risk limit due to slippage is not a rule violation.
  • Intentionally exceeding the risk limit violates risk management rules.

Slippage and Rules:

  • If exceeding the risk limit occurs due to slippage (e.g., account drawdown increases from 3% to 3.2%), it is not considered a violation.
  • Recommendation: Set the risk limit slightly below the maximum allowed to minimize the chance of a violation caused by slippage.

Additional Notes:

  • Floating risk rules do not affect the daily or overall drawdown percentages.
  • Exceeding drawdown limits (daily or overall), even due to slippage, is considered a rule violation.
  • After completing the challenges, all rules and conditions will be thoroughly reviewed to ensure full compliance.
  • Please note that the contract size for clients transitioning to the real account stage is adjusted based on Unicorn’s liquidity. These settings are implemented to ensure optimal execution and risk management across different markets.

Summary of Permissible Floating Risk Rules in Prop Accounts:

Maximum risk is calculated based on each trade or the total of open trades.

During the Challenge Phase:

  • If the risk limit is exceeded due to slippage, it is not considered a violation.

  • Intentional breach of the risk limit will result in a reset of the account.

During the Funded Phase:

  • Exceeding the risk limit due to slippage is not a violation.

  • Intentional breach of the risk limit is considered a violation of risk management rules.

Slippage & Rules:

  • If exceeding the risk limit is caused by slippage (e.g., account drawdown going from 3% to 3.2%), it is not considered a violation.

  • Recommendation: Set your risk limit slightly below the allowed threshold to minimize the chances of violating the rules due to slippage.

Floating risk rules do not affect the daily or overall drawdown percentages.
Exceeding the drawdown limits (daily or overall), even due to slippage, is considered a violation.

Additional Notes:

  • Setting a stop loss is not mandatory; only the actual account drawdown is evaluated.

Stop Loss Considerations:

  • Setting a stop loss is not mandatory; only account drawdown levels are monitored.