After you sign up, you can beging your mission of “Funding Evaluations”. Select “Start now” under the account size you’d like to participate in. After you will be redirected to the billing page, there you will be able to purchase your challenge. After your purchased challenge, our system will send all credentials to your email address.

The brokers we use for all accounts on our platform are Eightcap and ThinkMarkets. 

Traders have the freedom to take as much time as they need to complete the evaluation. Once they achieve a 10% profit, they can initiate the process to transition to a live account in as little as a single trading day. The duration of the evaluation period is determined by the viability of your trading strategy.

Firstly, congratulations on your achievement! Please ensure that all open positions are closed, and you have attained a minimum 10% profit on the challenge account, while adhering to all challenge parameters. Once this is done, your challenge will be marked as ‘Complete.’

Once the challenge is complete, our system will promptly initiate the funded stage, which will be labeled as ‘Pending.’ This is the ideal time to submit your KYC information and the funded trader agreement through your dashboard.

Upon providing these documents, your funded account will be authorized for trading exactly three full business days later.

We offer two convenient payout options: Bank Wire Transfer and Cryptocurrency. Yes, you can have eligible payouts transferred directly to your bank account, which streamlines the process, eliminates intermediaries, and simplifies the transaction for everyone involved. Payout requests undergo review and are typically sent to traders within 24 to 72 hours of the request. When feasible, we strive to expedite payouts, aiming to process them as quickly as 8 hours after approval.

We embrace a wide range of trading strategies, whether it’s Support/Resistance, Candlestick Patterns, EA’s, Supply/Demand, or Smart Money Concepts. Our goal is to work with traders who consistently deliver results. The most successful traders worldwide employ diverse strategies and backgrounds, and we acknowledge and respect that diversity.

While there are no restrictions during the evaluation stage, please note that the following strategies or approaches are prohibited during the funded stage and will be subject to review:

1. Grid Trading or Grid Trading Software
2. Martingale Trading or Martingale EA’s
3. Latency Arbitrage
4. Hedging Orders Across Multiple Accounts
5. Exploiting Market Volatility by Placing Guaranteed Limit Order Fills
6. Using Delayed Data Feeds for Risk-Free Profit
7. Copy Trading Among Multiple Users on Our Platform
8. Third-Party Account Management

We aim to maintain openness regarding the trading styles our traders can employ. However, these strategies are prohibited during the funded stage because they either cannot be replicated in live market conditions, rely solely on demo environments, pose increased risk to our funding, or are designed to manipulate the system.

The maximum amount of funding a trader can have with us is currently $2,000,000.

The 4% Maximum Daily Drawdown is determined by your initial account balance at the daily reset time, which occurs at 00:00 PM Market Watch Time (5:00 PM EST). This drawdown calculation also considers the highest equity point reached during the day. It’s essential to ensure that your balance does not drop below 4% of the initial balance at the reset time or 4% below the highest equity point within a single day.

The 8% Maximum Total Drawdown is a dynamic metric that tracks changes in your account balance and equity over time.

For instance, if you begin with a $100,000 account, your maximum permissible loss level will be set at $92,000. However, if your account balance or equity rises to $108,000, your trailing drawdown limit will be reset to $100,000. This trailing drawdown figure will always be 8% below the highest balance or equity point. Traders are responsible for managing their risk in accordance with these guidelines while trading our funded accounts. Failure to adhere to these drawdown rules will result in the loss of the funded account.

Each trader will have access to their maximum daily and total drawdown levels displayed on their dashboard at all times.

Payout 1: Your initial payout is scheduled for 21 calendar days from your first trading day with your funded account. Profit Split: 70%

Payout 2: Following your first payout, your account balance will reset to its initial amount. You can continue trading and become eligible for your second payout after two weeks (biweekly). Profit Split: 75%

Payout 3: Once you reach the third payout milestone, you gain access to bi-weekly payments. Profit Split: 80%

All subsequent payouts beyond the second will occur bi-weekly, with an 80% profit split.

We require our traders to engage in a minimum of 5 trading days before they become eligible for a withdrawal.

Our 1-Step funding program is designed to expedite your journey into live funded trading, setting us apart from many other firms. During the evaluation stage, we impose no restrictions, allowing you the freedom to trade as you see fit. The 5-day minimum requirement serves as a fair means for our firm to gather valuable proprietary data and gain insight into your trading strategy. Unlike other firms with multiple evaluation stages, Magical gets you on the path to profit sharing quickly (as fast as 72 hours) and evaluates your live trading performance, recognizing the true test lies in live trading.

The 5-day consistency rule helps us understand your trading strategy.

Relax, stick to your trading plan, and maintain consistency. Ultimately, our business model relies on exceptional traders to succeed.

The implementation of the consistency rule is primarily aimed at addressing the presence of High-Frequency Trading (HFT) bots during the evaluation stage. This rule serves as a risk management measure for our prop firm, balancing the need to assess these systems while providing traders with clear guidelines for the funded stage.

It’s important to clarify that the lot size consistency range is specifically relevant to traders who employ HFT strategies to pass the evaluation stage. This is because such systems have the potential to advance to the funded stage at an accelerated pace.

Given the higher success rate associated with these systems, it becomes imperative for us as a prop firm to establish risk management rules that safeguard our capital.

With our 1-Step Program, you have the flexibility to keep positions open over the weekend during the challenge phase. However, it’s important to note that holding positions over the weekend is not permitted once you’ve entered the funded stage. This policy is designed to safeguard both the trader and our firm from the potential market volatility and significant swings that can occur during weekends, which can expose risk and capital excessively.

As a trader, you do have the option to request an exception and hold a trade over the weekend on your funded account. To do so, simply reach out to our support team via email or live chat before the close of the market on Friday. In your communication, please specify that you’re making a “Hold Through Weekend Request.” Our analysts will review the trade, taking into consideration your individual trading style and the current market sentiment. We believe in fostering a collaborative relationship between firms and traders, working together to achieve success.

Once you’ve completed the registration for the evaluation, you can expect to receive a notification email from us within a matter of minutes.

If, for some reason, you do not find our email in your inbox, please take a moment to check your spam or junk folder.

In the event that you haven’t received your login credentials within the first 60 minutes, our live chat support is available to assist you promptly. Feel free to reach out, and we’ll be happy to help.

Unfortunately, we are unable to accommodate traders from Iran, Syria, North Korea, Libya, Sudan, and Somalia at this time due to restrictions imposed by the U.S. Government.

Currently, there are no limitations on the trading techniques you employ during the evaluation stage. If your strategy functions on our servers, it’s permissible. Nevertheless, for details regarding strategies that are prohibited during the funded stage, please refer to the section titled ‘Which Trading Styles Do We Accept?’ above.

Yes, you are allowed to use trader copiers to replicate your personal trades onto your funded Magical Funding account. You have the option to designate your Magical account as the master account or synchronize your trades from other trading accounts.

However, it’s essential to ensure that you do not place identical orders within the same time intervals as other traders on our platform. This situation can arise when using commonly used Expert Advisors (EA’s), account management services, or third-party signals. The repetition of identical orders by two or more users on our platform is considered a violation of our trade copying policy, which applies exclusively to the funded stage.

While EA’s are permitted, we strongly recommend using a unique set file for your EA or verifying that no other traders are employing the same EA on our servers to avoid triggering our system’s detection of matching orders.

To maintain fairness, Magical Funding implements a two-strike policy. The first occurrence of a trader violating trade copying rules results in a warning and the deduction of profits generated from copying other users on our platform. Upon a second occurrence of copying from other users on our platform, a violation will be issued.

After initiating a payout request, your account will enter the ‘In Review‘ status. During this period, we kindly request that you refrain from entering any additional trades until your payout process has been finalized and the necessary review has been completed.

For a limited period, the use of High-Frequency Trading (HFT) is available during our 1-Step Evaluation.

The most prevalent request we received in the lead-up to our launch was the desire to incorporate HFT EA’s during the evaluation stage. In response, our team has meticulously designed our funding program to ensure its sustainability while maintaining higher success rates compared to most other firms.

We’ve observed that some other firms have introduced HFT usage with exceptionally high profit splits. While this may seem attractive to traders, a crucial consideration is the sustainability of such models. In many instances, traders have reported waiting for weeks or even months for payouts from firms that operate with these profit structures.

Although our initial profit split of 70% in the first month may appear lower than what you commonly encounter, our priority is to execute our business model effectively and offer our traders an exceptional experience, including fast payouts, high-score bonus prizes, and giveaways. We believe in creating a sustainable long-term framework rather than one that may be unsustainable over time.

Trader Timeline: How the Process Works

1. Initiate the Evaluation:

   • Start your evaluation.

2. Successfully Complete the Evaluation:

   • Reach the 10% profit target.
   • Manage daily drawdown within 4% and total drawdown within 8%.
   • You can pass in as little as one day or take up to three weeks; there are no strict time limits. Once you’ve met the 10% profit target, you can promptly initiate the upgrade process by following the steps outlined below.

3. Submit KYC Documents and Sign Funded Terms of Use Agreement:

   • Provide your Know Your Customer (KYC) documents.
   • Sign the Funded Terms of Use Agreement via your dashboard.

4. Add Payout Details to Your Dashboard:

   • Enter your preferred payout details, either Bank Wire or Crypto Address.

5. Receipt of Live Account Credentials:

   • You’ll receive your live account credentials within 72 hours of completing the KYC process.

6. Begin Trading the Funded Stage:

   • Start trading in the funded stage.

7. Commencement of Payouts:

   • Your first payout becomes eligible 21 days from your first trading day.

Please Note: Once you successfully pass the evaluation and complete your KYC, remember to add your chosen payout details to your dashboard. You have the option to select either BTC or Bank Wire for payouts.

Our system will recognize your readiness for the live stage once all required documents and details have been submitted. Once everything is in order, your funded account credentials will be dispatched within 72 business hours.

After successfully concluding the evaluation stage, but before our traders progress to the funded stage, we require a KYC/AML screening to confirm your identity.

The KYC process entails providing a photocopy of your ID or passport, proof of residency, and a selfie for verification purposes. Additionally, traders must submit a signed copy of the funded trader agreement. Once this verification is completed, you will advance to the funded stage.

Upon successful completion of the evaluation stage and the subsequent KYC process, the funded account will be processed and activated within three full business days.

When the designated calendar days have elapsed according to your payout schedule, you will notice a button labeled ‘Close Period‘ on your dashboard. Clicking this button will trigger a review of your account, and you will receive an email confirmation from us to verify the withdrawal request.

Should you encounter any difficulty locating the payout button, you also have the option to request a withdrawal through our live chat service once you meet the eligibility criteria.

You can purchase an evaluation through crypto such as BTC, USDT, ETH, LTC,  USDC, DOGE or BCH.

When you make an evaluation purchase using cryptocurrency, please allow for a processing time of up to 30 minutes to ensure your payment receives multiple confirmations within the blockchain. Once confirmed, our system will automatically send your challenge credentials to your registered email address.

In case you do not find the email in your primary inbox, kindly check your spam or junk folder.

If, for any reason, you do not receive your credentials within 60 minutes, please feel free to contact our live chat support or reach out to us via email at [email protected]. We are here to ensure your setup is completed successfully.

We do not charge commission on indices.

MagicKeys is allowed to be used for the calculation of lot size, risk, etc.

We offer two challenge options:

The 1-step challenge, consisting of a single phase, allows the use of HFT (High Frequency Trading) Robots and the registration fee will be refunded after first payout.

The 2-step challenge, featuring two phases, does not permit HFT Robot usage during the phases. However, the 2-step service becomes refundable upon transitioning to a funded account.

We have created a short tutorial about this, please follow the link below (CLICK HERE TO OPEN). If you want more help, contact us at [email protected] or via live chat.

To access your trader agreement, follow these steps:

1. Go to your dashboard.
2. Locate the ‘Phase 2 (Funded)‘ account, labeled as ‘Agreement Pending.‘
3. Click on this account, which will redirect you to the next page.
4. On the new page, you’ll find a button labeled ‘Download PDF.‘
5. Download the document and proceed to sign it before submitting it through your dashboard.