Swift Funding has announced an important update to its trading rules. This update, which pertains to the restriction of news trading, is now applicable to all plans, irrespective of their purchase dates.

Swift Funding | The New Rule in Detail

The new rule primarily affects the Swift Funding Challenge and Verification phases. During these stages, traders are permitted to trade freely during all news releases. However, once a trader becomes a funded trader, news trading is no longer allowed and will be classified as a Soft-Breach.

A Soft-Breach allows traders to retain their account, but any profits accrued from news trading will be adjusted and omitted.

Trading Restrictions Around News Announcements

Traders are prohibited from executing any new trades or closing an existing trade on the targeted instrument(s) within a four-minute window. This window extends from 2 minutes before until 2 minutes after (inclusive of seconds up until the third minute) the release of any news announcements and/or geo-political events.

To clarify, Swift Funding defines executing a trade as opening or closing either a pending order (including a stop loss or a take profit) or a market execution. Traders are allowed to hold their trade(s) on the targeted instrument(s) that were opened more than 2 minutes before the restricted news event.

Consequences of Violating the Rule

Traders should be aware that if their Stop Loss or Take Profit is activated/filled during the restricted time window of 2 minutes before until 2 minutes after, it will be considered a violation of the Swift Account Agreement. Any profit accrued, including the fees, will be removed and the account balance will be adjusted accordingly.

For more information on trading news events and prohibited trading practices, traders are encouraged to visit Swift Funding’s help center.

This new rule is a significant development for Swift Funding and its traders. It underscores the company’s commitment to maintaining a fair and transparent trading environment, while also adapting to the ever-evolving landscape of the financial industry. Traders are advised to familiarize themselves with these changes to ensure compliance and continued success in their trading endeavors.

Swift Funding’s New Trading Rule