The Challenge

The Challenge 10

Are there any Prohibited Trading Strategies?
Learn about the trading practices and activities that are not permitted on Cove Funded. Gain clarity on our stance regarding prohibited trading strategies by exploring the comprehensive details available in our FAQ section.
Can I Reset My Challenge?
Cove Funded strives to empower all our traders to succeed on our platform. In our Funded Account Challenges, when a requirement is violated,...
What is the Consistency Rule?
We at Cove Funded, have designed and curated the “Consistency Rule” to ensure that our traders who embark on a Funded Account Challenge...
Do I Trade on a Live or Demo Account?
Explore our Frequently Asked Questions (FAQ) to understand whether you trade on a live or demo account.
I Have Passed Phase 2 (Verification Stage). What’s Next?
A huge congratulations on successfully completing Phase 2 (Verification Stage) of our Cove Funded Funded Account Challenge! In the next 48 hours, your...
What are the Challenge Profit Targets?
Profit Targets are the benchmark requirements that our traders need to attain to reach to proceed to the next phase of our Funded...
What are the Minimum and Maximum Trading Days?
For our Two Phase Challenge, you must trade for a minimum of 8 days for each stage. For our One Phase Challenge, the...
How Does the Overall Drawdown Work?
When you embark on a Cove Funded Funded Account Challenge, throughout the challenge, the capital in your Cove Funded Trader Account can never,...
How Does the Daily Drawdown Work?
Cove Funded allows traders to have a Maximum Daily Drawdown of 5% for the 2 Phase Challenge based on their Initial Equity when...
How Do I Become a Cove Funded Trader?
Discover the steps, requirements, and criteria needed to qualify for a funded trading account. Empower yourself with insights into the journey of becoming a funded trade.