Rules for participating in Octavest challenges
Before participating in Octavest challenges, make sure to thoroughly read and understand the relevant rules.
What Instruments Are Available for Trading?
Our trading accounts provide access to a wide range of assets, including:
Forex Pairs
Indices
Precious Metals
Commodities
Cryptocurrencies
Global Stocks
What is the maximum amount of capital I can receive from Octavest?
There is no limitation on the number of accounts you can purchase.
Currently, the highest account balance offered by Octavest is $50,000. However, in the Funded stage , you can hold up to $75,000 in total account balance
Account merging is only allowed between accounts of the same plan type.
Creating multiple accounts using different emails or any attempts to bypass account limits are strictly prohibited.
Account management must be handled exclusively by the verified account holder.
Managing someone else’s account or allowing others to operate your account is a violation and will lead to permanent bans.
All suspicious activity will be reviewed at the time of profit withdrawal, and any proven misconduct—even during challenge phases—will result in account termination and forfeiture of all profits.
Please refrain from any fraudulent behavior, as all violations are traceable and strictly enforced
What payment methods can I use to make a purchase?
Payments can be made via cryptocurrency.
(Please note that ensuring the exact transaction amount and selecting the correct network are essential for a successful payment. If you choose the wrong blockchain network for your crypto transfer, we cannot be held responsible for any lost funds)
If a trade exceeds the drawdown limit but later returns to profit, is it still considered a violation of the rules?
Yes, under no circumstances should the account equity exceed the specified drawdown limits. If it does, the rules are considered violated and the trader will lose their account
Does my trading cycle begin once the account is activated?
Your trading cycle begins when you make your first trade, not when your account is activated.
For example, if you receive your account on Wednesday and make your first trade the following Monday, your trading cycle will start from Monday
What are daily and overall drawdowns, and how are they calculated?
Daily Drawdown: This refers to the maximum loss you can incur in a single day.
The daily drawdown is calculated based on the account balance (not equity) at the start of the trading day and will reset at midnight according to the server time.
For example, if the starting balance of an account is $5,000, the maximum allowable drawdown for that day would be 5%, which equals $500. The trader is allowed to lose up to $500 that day, and if the balance or equity drops below $4,500, the account will be lost.
(be advised that in one-phase evaluation accounts, the daily drawdown is 2% of the starting balance for the day, whereas in two-phase evaluation accounts, it is 5% of the starting balance for the day)
Overall Drawdown: This refers to the total loss a trader can incur throughout the lifetime of the account.
The overall drawdown is calculated based on the initial account balance. For example, for a $10,000 account, the total drawdown limit is 12%, which equals $8,800. If the balance or equity falls below this amount, the account will be lost
Is there any fee to be paid after receiving the live account?
No; the plans are a one-time payment, and payment is only required once at the time of registration. All accounts provided in the live phase are considered live accounts, and the initial balance as well as any deposited funds belong to the funding company. The user will have no claim over these amounts, and can only withdraw their profits on the designated withdrawal dates, provided that they have made a profit and have not violated the rules.
What is slippage, and how can it occur?
Slippage refers to the difference between the expected price predicted by the trader and the actual price at which the order is executed. This phenomenon typically occurs in markets with high volatility or during times when liquidity is limited.
How does slippage occur?
Market volatility: When prices are changing rapidly, your order may be executed at a price different from your intended price.
Low liquidity: If your trade volume is large and there aren’t enough buyers or sellers at the desired price level, your order will be filled at a price close to but different from the intended price.
Order processing delay: The time taken to execute an order can also be a factor. If server processing speeds are slow or market conditions cause prices to change in real-time, the final execution price may differ.
Slippage can be both positive and negative. Positive slippage occurs when your order is executed at a price better than expected, meaning the price moves in your favor. On the other hand, negative slippage happens when your order is executed at a worse price than anticipated, usually due to rapid price changes or a lack of liquidity in the market. In essence, slippage itself is not inherently negative and depends on market conditions; it can be beneficial for the trader in some cases and disadvantageous in others.
Can I trade in cryptocurrencies on Saturday and Sunday when the Forex market is closed?
Yes, trading is allowed 7 days a week, and you can achieve your targets for each phase by trading on cryptocurrency.
(please note that Saturday and Sunday are not considered official trading days)
What is the maximum risk allowed per trade?
There are no restrictions on the amount of risk per trade in any of the evaluation stages. In the funded stage, you are allowed to risk up to 2% of your account balance per trade, giving you the freedom to implement your trading strategies effectively.
If your risk is, for example, 1.5% or slippage causes your loss to exceed 2%, the company will overlook these cases, and you can continue with your trade, provided that these instances are reviewed and approved by the technical team.
Traders can fully utilize their daily drawdown limit (5%) but must ensure that, in any trade or even multiple simultaneous trades, their risk does not exceed 2% of their account balance. This 2% is calculated from the last balance before opening the trade. For example, if the trader’s account balance is $25,300, they should not risk more than $506 in a single trade or in multiple simultaneous trades, and their balance or equity should not fall below $24,794 during open trades. This floating risk system allows traders to make full use of their daily drawdown capacity while maintaining the financial health of their account.
Is copy trading allowed between accounts of different individuals?
no , any copy trading between different traders’ accounts or any individual who has purchased a challenge account from our company, as well as group trading (with more than 60% similarity in trades), is traceable and prohibited. If such activities are detected, all accounts will be deactivated, and the trader will be terminated, with no funds refunded.
Please note that copy trading between accounts within the company is allowed without any restriction.
For copy trading between an account within the company and an external account, this is only permitted when the company’s account is the source of the copy trade.
Additionally, any use of Expert Advisors (EAs) on the source account(s) is a violation of the rules and constitutes a breach, including the registration of algorithmic trading via MQL5.
How to Request an Account Review?
For the analysis and review of trading accounts, you can submit your request through the ticket system to the Account Review Department. In your ticket, please provide your MetaTrader account number in the relevant section and describe your request or issue so that our technical team can carry out the necessary checks and promptly proceed with analyzing and reviewing the status of your account.
If everything is in compliance with the regulations, a message confirming the stability of your account will be sent to you by the review date. However, if any violations are detected, you will receive a response via the ticket detailing the issue.
Conditions of Forbidden Trading Style Rules (How is the 80% Rule Calculated?)
In the case of traders attempting to achieve more than 80% of their target profit with a single trade or multiple simultaneous trades on the same symbol or currency pair (with a time gap of less than 5 minutes), they will not be accepted. This behavior is considered a violation of the risk management rules, and the trader’s challenge account will not be approved for passing the challenge. The purpose of this rule is to prevent individuals who attempt to pass the challenge through methods like hedging, high-risk trading, or gambling-like behavior.
It is important to note that the 5-minute gap rule does not mean you can open a trade on the same symbol, close it, and then reopen another trade within 5 minutes. If the previous trade is still open, they are considered simultaneous trades. To avoid them being counted as simultaneous, one position must be closed, and after a 5-minute gap, the next trade can be opened, thus not violating the 80% rule.
In the Funded stage, the calculation is based on 80% of the net profit. For example, if a trader has earned $500 profit in a 10k account and submits a withdrawal request ticket, the basis for calculation will be the $500 profit earned, and in one or more simultaneous trades, they cannot take more than $400 profit.
Is Hedging and Martingale Allowed?
Traders are not permitted to engage in hedging between their trading accounts at any stage of the challenge (evaluation or funded stage ), nor should they engage in hedging with other traders within our company or with other prop firms.
If such a violation occurs, the trader’s accounts will be revoked, and no refund will be provided to the trader or traders involved in the hedging activity. our company reserves the right to immediately terminate its collaboration with the trader.
All Martingale-based methods are approved and permitted.
What should I do after successfully completing Phase 1 or Phase 2 of the challenge?
First of all, congratulations on successfully completing your current phase. Please carefully follow the instructions below to proceed:
Submitting a Request for the Next Stage:
Please submit a ticket under the relevant department to request access to the next phase of your account.Close All Open Positions Before Requesting:
Make sure to close all your open trades before submitting your request. Having open positions may delay the review process.Account Review and Delivery Timeline:
Once your request is submitted, your account will be reviewed by our team:Phase 2 Challenge: Delivered within 24 hours
Funded-stage Account: Delivered within 48 hours
If approved, the next phase account will be sent to your email.
Account Usage Policy:
Trading on archived, passed, or expired challenge accounts is strictly prohibited and will result in the loss of your new account.
All accounts labeled as “REAL” are technically demo accounts, even during the REAL phase, and are only labeled as such for tracking purposes.
Capital Ownership and Profit Withdrawals:
All funded balances and initial capital in the REAL accounts are fully owned by (octavest)
The user has no ownership claim over the initial capital.
Only profits earned by complying with the rules are eligible for withdrawal, and only on the designated payout dates trader can submit a withdraw request.
What is Fast Scalping and How Much of the Target Can Be Gained Through It?
Fast Scalping refers to trades that are held for less than 30 seconds.
In our system, you are only allowed to earn up to:
10% of your target profit during the challenge phases
and 10% of your total profit during the Funded-stage
via fast scalping trades.
Example:
For a 25K challenge account with an $2000 profit target, you may earn up to $200 through trades under 30 seconds.
Any additional profit beyond this limit will be automatically removed from your final result
Please note that if you earn unauthorized profits (more than the allowed 10% per phase), your account will not be lost. However, when reaching your target, you must account for the additional profit and include it in the overall drawdown calculation.
What is the Minimum Number of Trading Days Per Phase?
The minimum number of required trading days for each phase is 5 days.
For a day to count as a valid trading day, the following conditions must be met:
You must open at least one trade with a valid lot size.
The trade must remain open for at least 30 seconds.
Note:
If you trade cryptocurrencies, Saturdays and Sundays are not counted as trading days
Can Trades Be Held Overnight or Over the Weekend?
Yes, traders are allowed to hold their positions overnight and over the weekend.
There are no restrictions from our side regarding holding trades for extended periods
What Happens If the Rules Are Violated?
If any of the rules are violated:
Your account will be disqualified and deemed invalid.
You will lose the opportunity to receive funding from that specific account.
Note:
You may purchase a new challenge and start again.
Previous results or violations do not affect your future challenges
How Does Capital Growth Work?
Account scaling is conducted every 3 months, and if the requirements are met, 30% will be added to your account balance
Capital Growth Conditions:
At least 3 months must have passed since receiving the REAL account.
The total profit over the last 3 months must be at least 10%.
A growth request must be submitted via ticket after profit payout.
The trader must have participated in at least 3 profit withdrawals (the withdrawals do not need to be consecutive).
Account scaling is available up to a maximum of $1,000,000.
Can You Trade During News Events?
Yes, there are no restrictions on trading during news events. You can trade at any time, including during major economic news releases
How are profit withdrawals processed and when can they be requested?
Profit withdrawals at Octavest are processed via USDT on TRC20 and BEP20 networks.
To initiate a withdrawal, traders must submit a ticket including all required details, specifically the chosen withdrawal network address (BEP20 or TRC20).
The address provided in the ticket will be treated as the final confirmation, and any errors in the address or network will be the sole responsibility of the trader.
The first withdrawal can only be requested 30 calendar days after the first trade on the funded account.
After the initial withdrawal, traders may request withdrawals every 14 days, specifically on the 14th and 28th of each month.
After each withdrawal, the funded account is reset and becomes ready for the next trading cycle.
In the case of rule violations, the withdrawal request may be canceled.
Is it possible to change the MetaTrader account password?
MetaTrader Account Password Policy
Changing the Master Password (primary access) or the Investor Password (read-only access) is strictly prohibited.
Any unauthorized change to these credentials may lead to account suspension.
Account credentials will be:
Sent to your registered email address, and/or
Available in your user dashboard.
The trader is fully responsible for ensuring the security and confidentiality of their account information
Is Arbitrage Possible and What Does It Entail?
Arbitrage refers to exploiting price differences of an asset between two or more markets. Traders take advantage of these price discrepancies to make a profit, This activity is traceable and can result in account suspension.
Arbitrage between different accounts, especially those belonging to other individuals, is strictly prohibited. arbitrage is considered unprofessional and can lead to serious consequences.
Preventing MetaTrader Account Invalidity
To ensure the continuity and validity of your MetaTrader account, please adhere to the following guidelines:
Maintain Trading Activity:
Following your initial trade and the start of the challenge, you are required to execute at least one trade every 20 calendar days, even with minimal volume (e.g., 0.01 lots). Failure to do so may result in account invalidation by the broker.
Irreversible Invalidation:
If an account is marked as invalid, it will be permanently deactivated. Recovery or reactivation is not possible under any circumstances.
Freeze Option for Inactivity:
If you do not intend to trade for an extended period, you may request a temporary freeze by submitting a support ticket. The freeze is valid for up to three months. To resume trading, an unfreeze request must be submitted. Each account is entitled to only one freeze during its lifetime.
Account Activation Deadline:
Traders must begin using their account within 20 calendar days from the date of issuance or purchase. Failure to do so may lead to automatic invalidation due to inactivity.
Is the Use of Trading Bots and Expert Advisors (EAs) Allowed?
The use of any trading bots or EAs that execute trades is strictly prohibited on all accounts and plan types.
This includes, but is not limited to:
Scalping bots
Hedging bots
Arbitrage bots
Martingale systems
High-frequency trading (HFT) bots
The only exception is the use of approved capital management EAs as permitted by our support team. Use of any other automated trading system will result in account suspension and challenge disqualification
Use of Virtual Private Servers (VPS)
Accessing MetaTrader accounts or executing trades via Virtual Private Servers (VPS) is strictly prohibited on the Octavest platform. Such usage violates our terms and may result in account suspension or challenge disqualification
Is There a Refund After Completing the Challenge?
Yes. Upon successfully completing both challenge phases and receiving a funded account, the trader will receive a 120% refund of their challenge fee upon their first profit withdrawal.
This refund includes 100% of the original fee plus a 20% loyalty bonus, and is processed once, exclusively via cryptocurrency (USDT) at the time of the first payout.
Is Team Trading Allowed at Octavest?
Team trading is permitted under specific conditions. If multiple traders within a group manage several accounts, they may operate as a team as long as trades are not mirrored using copy trading tools. This means that more than 90% similarity in entry points, stop losses, and take profits across accounts may be considered copy trading and is strictly prohibited.
To engage in team trading, a support ticket must be submitted in advance, officially registering the group as a trading team.
Note: The total combined funding cap for any trading group is $150,000.
What Are the KYC and Account Ownership Rules?
After successfully completing both challenge phases and upon account verification, traders are required to submit their identification documents via the KYC section of their user dashboard. Failure to complete the KYC process will result in account rejection.
Full Name Match Requirement: The full name on your profile must exactly match the name on your official identification document. Any discrepancies will be treated as a violation and result in account disqualification.
Account Ownership: Accounts must be managed solely by the verified account holder. Transferring, delegating, or sharing account access with others is strictly prohibited and will lead to account suspension and disqualification.
Right to Interview: Octavest reserves the right to conduct further verification, including video interviews or additional tests, if there is any uncertainty regarding the account management or KYC information.