ShareAFunds strictly prohibits news trading on all challenges and funded accounts. We enforce specific news trading restrictions to ensure fair trading practices:

1. News Trading Restrictions:

   • Timeframe: Trading is restricted for 2 minutes before and 2 minutes after the release of a red folder news event. This restriction applies to all types of market orders, including the opening and closing of market orders, the execution of pending limit orders, and any take profit or stop loss orders triggered within this 4-minute window.
   • Instruments: This rule applies to all instruments available on our simulated platform.
   • "All Day" Events: Note that any red folder events marked as "All Day" will not be subject to these restrictions, as there are no specific release times for such data.

2. Violation Process:

   • Warnings: Traders will receive a maximum of 2 warnings (soft breaches) for violating this news trading rule. Each warning will result in the deduction of any simulated profits made from trades executed within the restricted 4-minute window.
   • Third Violation: On the third violation, the account will be breached entirely.

3. Phase Transition and Funded Accounts:

   • Challenge Phases: If you pass a phase during the challenge that involved a news trading violation and advance to the next challenge phase, any profits from trades executed during the restricted period will be deducted from your balance in the new phase. This deduction will also count as the first warning for the next phase account.
   • Funded Accounts: This deduction rule applies to funded accounts as well.

4. Responsibility for Loss Limits:

   • Loss Limits: If the deductions from news trading violations result in breaching the daily or maximum loss limits, the trader will be held responsible for the violation.

By adhering to these restrictions and guidelines, you can avoid penalties and ensure compliance throughout the challenge and funding phases.