How NextGen Works

If a violation of the Daily Drawdown or Maximum Drawdown rule is detected during a Challenge or Funded Account, the account will be automatically breached and you will receive an email notification.

Certain Funded Account rules are subject to different consequences. For example, the Maximum Floating Loss Limit follows a two-stage process:

• First Violation (Soft Breach): Open positions on the affected asset will be automatically closed and a warning email will be issued. The Funded Account will remain active.
• Second Violation: The Funded Account will be considered breached and terminated.

We also strictly prohibit trading practices that violate our Prohibited Trading Activity Policy. Accounts found to be using prohibited strategies may be restricted, reviewed, or breached in accordance with our Terms and Conditions.

Our monitoring systems are designed to ensure a fair and transparent trading environment for all participants. By adhering to the applicable rules and risk parameters, traders maintain eligibility for funded account progression and profit withdrawals.

Yes, Expert Advisors (EAs) are permitted for trading.

You are allowed to hold positions overnight and over the weekend; however, swaps will apply.

Maximum drawdown is the maximum your account can drawdown before you would hard breach your account. When you open the account, your Maximum Drawdown is set at a defined % of your starting balance. This % is static and does not trail.

The Daily Loss Limit is the most your account can lose in a single day before breaching. It resets daily at 5 PM EST, based on the previous day’s balance.

Example (with a 5% Daily Loss Limit):

Day 1 End (5 PM EST): Your account balance is $100,000.

Day 2 Daily Loss Limit: You cannot let your equity drop below $95,000 (5% of $100,000).

If your balance grows: Let’s say during Day 2, your floating profits increase by $5,000, making your equity $105,000.

• Your Daily Loss Limit is still based on Day 1’s balance ($100,000).
• If your equity drops to $95,000, you breach the account, even though your peak equity was higher.

The key point: The loss limit resets daily at 5 PM EST and is based on the previous day’s balance, not your highest equity.

Let’s say your Daily Loss Limit is 5%, and your previous day’s balance (5 PM EST) was $103,000.

Example:

Day 1 End (5 PM EST) → Your balance is $103,000.

Day 2 Daily Loss Limit → You cannot let your equity drop below $97,850 (5% of $103,000).

During the day:

• If your floating profit increases to $108,000, your loss limit still remains at $97,850.
• If your equity drops below $97,850, you breach the account.

Yes, to keep your account active, you must log in and execute at least one trade of a minimum of 0.01 lots every 90 days. Accounts that remain inactive for over 90 days will be classified as inactive, resulting in the forfeiture of challenge fees, simulated profits, and any pending payouts. This policy encourages active trading.

Traders are strictly prohibited from engaging in the following activities:

1. Exploiting Market or System Inefficiencies:
   Arbitrage trading (including hedge arbitrage, reverse arbitrage, latency arbitrage, or price discrepancy exploitation).
   Trading based on system errors, price feed delays, display errors, or external/slow data feeds.
   Using strategies that manipulate overnight rollover price feeds.
2. Unfair Trading Strategies & Manipulation:
   High-frequency trading (HFT), including executing trades within a few seconds to exploit price movements.
   Tick scalping.
   Bracketing orders around high-impact news events.
   Engaging in gap trading to exploit price gaps.
   One-sided betting or overleveraging trades that pose excessive financial risk.
   Trading methods that contradict normal forex or financial market practices.
   Passing a Challenge using only one or two trades, or by splitting a single trading idea into multiple positions, is prohibited. Multiple positions opened on the same instrument in the same direction and closed within one minute may be considered a single trade when assessing trading consistency and Challenge completion requirements.
3. Prohibition of Gambling Practices:
   Engaging in inappropriate risk management, such as gambling, “all-in” trading, or excessively leveraging positions.
   Trading activity that resembles gambling, such as consistently placing trades prior to news releases or other binary events.
   Excessive risk-taking, defined by the percentage of an account risked in a single trade or across a series of trades.
   An “all-in” trade, which involves committing all or a substantial portion of available capital or margin to a single trade.
   Improper use of leverage, where a trader risks a significant portion of their account in one trade or across a series of one-directional trades.
4. Coordinated or Third-Party Trading Activities:
   Copying trades from others or coordinating trades with other accounts.
   Reverse trading or group hedging within NGF accounts or accounts held with other entities.
   Trading on behalf of others, account sharing, or reselling an account.
5. Unauthorized Use of Technology or Automation:
   Using software, AI, bots, or mass data entry methods to manipulate or gain an unfair advantage.
6. Violating NGF’s Trading & Platform Rules:
   Circumventing geographical or technical restrictions.
   Executing trades that contradict the terms and conditions of the trading platform or client portal.
   Performing any activity that NGF deems uncommercial, market-manipulating, or non-viable as a trading strategy.
   Manipulating NGF systems manually or with automated tools in ways that deviate from normal intended use.
7. Fraudulent or Unauthorized Account Use:
   Trading on an account without proper legal authorization.
   Providing false, incomplete, outdated, or misleading information to conceal identity or the origin of funds
   Engaging in any of these prohibited strategies may result in termination from the program and disqualification from receiving a funded account.

The Company reserves the right to review trading activities for compliance and block any Trader from participation at its discretion.