CoveFunded offers several trading challenges, each with different objectives and rules designed to test traders’ skills and strategies. The main trading challenges include:

Phase 1 Challenge:

1. Objective: Demonstrate basic trading skills and risk management.
2. Rules: Includes daily and overall profit targets, and restrictions on holding trades overnight or over the weekend.

Phase 2 Challenge:

1. Objective: Show consistent performance and advanced trading techniques.
2. Rules: More stringent profit targets and risk management criteria, similar restrictions as Phase 1.

Phase 2 Swing Account:

1. Objective: Test ability to manage trades over longer periods.
2. Rules: Allows holding trades overnight and over the weekend, with different profit and risk targets compared to Phase 1 and 2.