Trading Rules

Every NEOM Funded challenge runs on one shared rulebook, so once you learn it on your first simulated evaluation account it carries across the whole range. The purpose is simple: this is an educational, simulated evaluation that measures disciplined, repeatable trading, not a single lucky run. You reach the Evaluation Goal while keeping your equity above the daily and total drawdown limits, and on most challenges you do it at your own pace because there is no time limit.

• One verified identity per Participant. You may run several challenges at once, but they must all belong to you.
• Meet the minimum trading days for your challenge. Some have none; NEO DUO needs 4 and NEO EXPRESS needs 5.
• Respect the daily and total drawdown limits at all times, including on open floating positions.
• No account sharing, no third-party management, no cross-account hedging or arbitrage.

How to stay compliant: before you place a trade, know three numbers for your specific challenge, the Evaluation Goal, the daily limit, and the total limit. New here? Start with How It Works, compare structures on the challenges page, or read What Is Prop Trading for the full picture.

Drawdown limits are the single most important rule to understand, and the number one reason Participants breach a simulated evaluation. Two limits are monitored in real time on every challenge:

• Daily drawdown (3% to 5%): your equity may not fall more than this below the day's starting balance. It is measured from the higher of your balance or equity at 00:00 server time (UTC) and resets each day.
• Total drawdown (4% to 8%): a hard floor calculated from your initial balance. On our current challenges this floor is static, so it does not trail your peak equity upward.

Worked example. On a simulated $100,000 NEO DUO account the daily limit is 5% ($5,000) and the total limit is 8% ($8,000). If you start the day at $100,000 your floor for that day is $95,000, and your absolute floor is $92,000 no matter how high the account climbs. Both realised and unrealised (floating) losses count, so an open position that dips past the line is already a breach.

How to stay compliant: set a personal daily stop well inside the limit, size every position with the Margin Calculator, and confirm the exact numbers for your plan in the Rules by Challenge Type table below.

NEOM Funded supports almost every legitimate style: scalping, day trading, swing trading, news trading, hedging on the same account, and Expert Advisors. A short list of practices is banned because they exploit the simulated infrastructure or the evaluation itself rather than demonstrating trading skill:

• Latency and reverse arbitrage, and any high-frequency method built to exploit pricing or execution delay.
• Tick scalping and gap-exploitation strategies.
• Cross-account hedging between NEOM Funded accounts, and coordinated trading across accounts held by different Participants.
• Martingale and grid systems that recover losses by escalating exposure.
• Third-party account management, copy-trading someone else's signals into your account, or passing your account to another person.

Example. A Participant runs a manual martingale, doubling into a losing EUR/USD position until it recovers. Even if that day ends in profit, the account review flags the pattern and the evaluation is voided, because martingale is on the prohibited list regardless of outcome.

How to stay compliant: if you are unsure whether a strategy qualifies, ask support in writing before you trade it. The full prohibited-practice list lives in your Plan Specification, and you can read more context in our Knowledge Base.

Performance Rewards are how the simulated evaluation programme recognises consistent simulated profit. They are performance-based rewards under an educational programme, not a salary or a guarantee of income. Requests are processed within 8 hours on average, and you choose the method that suits you:

• Bi-weekly cycle on our current challenges, available after your first eligible trading days on a simulated funded evaluation account.
• Recognition Tiers set your Reward Coefficient at 70%, 80% or 90% depending on the challenge and tier you hold. NEO EXPRESS is fixed at 70%; NEO ACCESS climbs from 70% toward 90% as you complete rewards.
• Rewards are settled to your chosen method: bank wire, or crypto (BTC, ETH, USDT) via our payment processor.
• KYC is mandatory before your first reward, meaning government ID plus proof of address, once, to satisfy standard AML and identity checks.

For illustration only: on a NEO DUO account holding an 80% Reward Coefficient, a hypothetical simulated cycle profit of $2,000 would correspond to a $1,600 reward, subject to the consistency review. This is an example, not a projection of earnings. See How It Works for the full funded-stage flow.