Step 1: Mintply Challenge
The Mintply Challenge is the first step in our Evaluation Process. Before you can manage a Mintply Account, we need to ensure that you can trade responsibly and manage risk effectively. This is crucial as we use your simulated trades as a benchmark for potential trading on real financial markets.
During the Mintply Challenge, you will trade on a demo account with virtual funds. Our Trading Objectives are designed to test your ability to achieve a balanced profit while managing drawdowns effectively. You have an indefinite amount of time to meet the Profit Target, with the only minimum requirement being that you trade for at least 4 days. Once you meet all the Trading Objectives, and your results have been reviewed, you’ll move on to the Verification phase.
Step 2: Verification
Verification is the second and final step in the Mintply Evaluation Process. Here, we focus on testing your trading consistency. We want to confirm that you can maintain profitability while adhering to our rules over a longer period.
In the Verification stage, the Trading Objectives are more lenient than in the Mintply Challenge, with the Profit Target reduced by half. As in the Challenge stage, there is no time limit for passing Verification, so you can proceed at your own pace. Once you meet the Trading Objectives and your results are reviewed, you will finalize your Mintply identity and sign the contract for your Mintply Account.
Step 3: Mintply Account
Upon successfully becoming a Mintply Trader, you will trade under top-tier conditions in the industry. At this stage, we eliminate the Profit Target requirement to reduce stress and allow you to trade with peace of mind. The primary rules you must adhere to are the drawdown rules—Maximum Daily Loss and Maximum Loss. These rules are crucial as they reflect the fundamentals of responsible trading, and we may use your simulated trades to inform our own strategies on real financial markets.
