Common Questions
Answers to the most frequently asked questions.
Find answers to the most commonly asked questions about SPIKE below. Can't find what you're looking for? Contact our support team.
Challenge Questions
How long do I have to complete the challenge?
You have 30 calendar days for Phase 1 (2-Phase) and 60 days for Phase 2. The 1-Phase Express allows 45 days. There is no time limit on funded accounts.
Can I use an EA or trading bot?
Yes, automated trading strategies are allowed as long as they don't exploit our infrastructure (latency arbitrage, HFT). EAs must follow all standard challenge rules.
What happens if I breach my account?
A breach immediately disables trading and closes all open positions. Challenge accounts are closed and are not eligible for a refund. You can purchase a new challenge at any time.
Trading Questions
Is news trading allowed?
Yes, news trading is permitted. However, holding positions through major news events on funded accounts carries higher risk and may be subject to increased monitoring.
Can I hold trades over the weekend?
Yes, you can hold positions over the weekend. Note that gap risk applies and the daily loss limit does not reset over the weekend.
Account Questions
How many accounts can I have?
You can hold up to 10 challenge and funded accounts simultaneously. Each account is evaluated independently.
When do I get my profit split?
Payouts are processed within 1–3 business days of approval. The minimum payout is $100, and you can request a payout once every 14 days on funded accounts.