SharkFunded rules: drawdown, daily loss and reset time

SharkFunded Lite 1-Step: a 9% profit target, a 3% daily loss limit whose reset time is not recorded, and a 6% static maximum loss.

Daily reset

The daily reset time is not recorded in the verified rules for this program.

Daily loss calculation

The limit is 3% of the day's opening balance or equity.

Maximum loss

The maximum loss is 6%, static: a fixed floor below the starting balance that never moves.

Minimum trading days

Not recorded in the verified rules.

Consistency rule

Not recorded in the verified rules.

News trading

Restricted on funded accounts only: no opening or closing trades within 10 minutes of high-impact releases. Breaking it fails the account. Evaluations unrestricted. On funded accounts no trade may be opened or closed, pending, stop-loss and take-profit fills included, from 10 minutes before to 10 minutes after a high-impact release (speeches: until 10 minutes after they end); Forex Factory is the calendar. Violations "may result in account breach". Trades opened at least 5 hours before the release are exempt. Instant accounts are funded from day one, see the overrides. source

Program notes. Help centre: 6% max loss of the initial size, static; 3% daily loss of the higher of balance or equity at the start of the day, reset at the broker's server time (the hour is not published). No consistency rule (official pricing card). Funded stage: a 1% floating loss across open positions closes the account (two positions at once count as one trade), no opening or closing within 10 minutes of high-impact news, and no weekend holding. Weekly payouts after 7 trading days with the balance above the start.

SharkFunded Lite 2-Step: a 6% profit target in each of 2 phases, a 3% daily loss limit whose reset time is not recorded, and a 6% static maximum loss.

Daily reset

The daily reset time is not recorded in the verified rules for this program.

Daily loss calculation

The limit is 3% of the day's opening balance or equity.

Maximum loss

The maximum loss is 6%, static: a fixed floor below the starting balance that never moves.

Minimum trading days

No consistency rule and no minimum trading days (official pricing card).

Consistency rule

Not recorded in the verified rules.

News trading

Restricted on funded accounts only: no opening or closing trades within 10 minutes of high-impact releases. Breaking it fails the account. Evaluations unrestricted. On funded accounts no trade may be opened or closed, pending, stop-loss and take-profit fills included, from 10 minutes before to 10 minutes after a high-impact release (speeches: until 10 minutes after they end); Forex Factory is the calendar. Violations "may result in account breach". Trades opened at least 5 hours before the release are exempt. Instant accounts are funded from day one, see the overrides. source

Program notes. 6% then 6%. Help centre: 6% max loss of the initial size, static; 3% daily loss of the higher of balance or equity at the start of the day, reset at the broker's server time (the hour is not published). No consistency rule and no minimum trading days (official pricing card). Funded stage: a 1% floating loss across open positions closes the account (two positions at once count as one trade), no opening or closing within 10 minutes of high-impact news, and no weekend holding. Weekly payouts after 7 trading days with the balance above the start.

SharkFunded Prime Daily 2-Step: 9% then 6% profit targets, a 4% daily loss limit whose reset time is not recorded, and a 10% static maximum loss.

Daily reset

The daily reset time is not recorded in the verified rules for this program.

Daily loss calculation

The limit is 4% of the day's opening balance or equity.

Maximum loss

The maximum loss is 10%, static: a fixed floor below the starting balance that never moves.

Minimum trading days

No consistency rule and no minimum trading days (card).

Consistency rule

Not recorded in the verified rules.

News trading

Restricted on funded accounts only: no opening or closing trades within 10 minutes of high-impact releases. Breaking it fails the account. Evaluations unrestricted. On funded accounts no trade may be opened or closed, pending, stop-loss and take-profit fills included, from 10 minutes before to 10 minutes after a high-impact release (speeches: until 10 minutes after they end); Forex Factory is the calendar. Violations "may result in account breach". Trades opened at least 5 hours before the release are exempt. Instant accounts are funded from day one, see the overrides. source

Program notes. 9% then 6%. Help centre: 10% max loss of the initial size, static; 4% daily loss of the higher of balance or equity at the start of the day, reset at the broker's server time (the hour is not published). The official pricing card tightens the max drawdown to 7% on the funded account. No consistency rule and no minimum trading days (card). Funded stage: a 1% floating loss across open positions closes the account (two positions at once count as one trade), no opening or closing within 10 minutes of high-impact news, and no weekend holding. Daily rewards; the first payout request needs 24 hours from the first trade.

SharkFunded Prime Instant: no profit target, a 4% daily loss limit whose reset time is not recorded, and a 7% static maximum loss.

Daily reset

The daily reset time is not recorded in the verified rules for this program.

Daily loss calculation

The limit is 4% of the day's opening balance or equity.

Maximum loss

The maximum loss is 7%, static: a fixed floor below the starting balance that never moves.

Minimum trading days

Not recorded in the verified rules.

Consistency rule

Yes, a 15% best-day rule.

News trading

Restricted: no opening or closing trades within 10 minutes of high-impact releases. Breaking it fails the account. Instant account, funded from day one: no opening or closing (pending, SL and TP fills included) within 10 minutes either side of a high-impact release. source

Program notes. Funded from day one, no target. Balance or equity must never fall below 93% of the initial balance (7%, static); 4% daily loss of the higher of balance or equity, reset at the broker's server time (the hour is not published). Payouts every 7 days after 7 profitable days of at least 0.25%, and only while no single trade is above 15% of total profit (not a breach). A 1% floating loss across open positions closes the account (two positions at once count as one trade). No opening or closing within 10 minutes of high-impact news; the help centre bars weekend holding on every instant account, although the pricing card says allowed.

SharkFunded Lite Instant: no profit target, no daily loss limit, and a 3% maximum loss (the firm does not state whether it is static or trailing).

Daily reset

There is no daily loss limit, so there is no daily reset.

Daily loss calculation

There is no daily loss limit.

Maximum loss

The maximum loss is 3%. The firm does not state whether it is static or trailing.

Minimum trading days

Not recorded in the verified rules.

Consistency rule

No consistency rule.

News trading

Restricted: no opening or closing trades within 10 minutes of high-impact releases. Breaking it fails the account. Instant account, funded from day one: no opening or closing (pending, SL and TP fills included) within 10 minutes either side of a high-impact release. source

Program notes. The help centre does not state whether the 3% max drawdown is static or trailing, so the type is unknown; no daily limit is published. 30-day validity; the pricing card also lists an 8% profit target. Weekly payouts after 7 trading days with the balance above the start; no consistency rule. A 1% floating loss across open positions closes the account (two positions at once count as one trade). No opening or closing within 10 minutes of high-impact news; the help centre bars weekend holding on every instant account, although the pricing card says allowed.

SharkFunded Bolt Instant: no profit target, a 3% daily loss limit whose reset time is not recorded, and a 4% maximum loss (the firm does not state whether it is static or trailing).

Daily reset

The daily reset time is not recorded in the verified rules for this program.

Daily loss calculation

The limit is 3% of the starting account size.

Maximum loss

The maximum loss is 4%. The firm does not state whether it is static or trailing.

Minimum trading days

Not recorded in the verified rules.

Consistency rule

No consistency rule.

News trading

Restricted: no opening or closing trades within 10 minutes of high-impact releases. Breaking it fails the account. Instant account, funded from day one: no opening or closing (pending, SL and TP fills included) within 10 minutes either side of a high-impact release. source

Program notes. The help centre gives a 3% daily and a 4% max drawdown of the account size but does not state whether the max is static or trailing, so the type is unknown. 30-day validity. Payouts every 24 hours from 1% of the account size, 70/30 split; no consistency rule (card). A 1% floating loss across open positions closes the account (two positions at once count as one trade). No opening or closing within 10 minutes of high-impact news; the help centre bars weekend holding on every instant account, although the pricing card says allowed.

SharkFunded Strike 1-Step: an 8% profit target, no daily loss limit, and a 3% maximum loss (the firm does not state whether it is static or trailing).

Daily reset

There is no daily loss limit, so there is no daily reset.

Daily loss calculation

There is no daily loss limit.

Maximum loss

The maximum loss is 3%. The firm does not state whether it is static or trailing.

Minimum trading days

Not recorded in the verified rules.

Consistency rule

Not recorded in the verified rules.

News trading

Restricted on funded accounts only: no opening or closing trades within 10 minutes of high-impact releases. Breaking it fails the account. Evaluations unrestricted. On funded accounts no trade may be opened or closed, pending, stop-loss and take-profit fills included, from 10 minutes before to 10 minutes after a high-impact release (speeches: until 10 minutes after they end); Forex Factory is the calendar. Violations "may result in account breach". Trades opened at least 5 hours before the release are exempt. Instant accounts are funded from day one, see the overrides. source

Program notes. 8% target and no daily limit. The help centre gives a 3% max drawdown of the account size but does not state whether it is static or trailing, so the type is unknown. Passing pays 10% of the challenge profit. Funded: a payout every 24 hours, each below 3% of the account size, 80/20; a 1% floating loss on open positions closes the account; no opening or closing within 10 minutes of high-impact news.