The Obsidian Challenge is a multi-step trading evaluation designed for disciplined traders who prefer a more progressive phase-based structure with lower profit targets per phase, static drawdown, and unlimited time.
It follows the exact same account sizes as Astral, but Obsidian is 15% cheaper, making it the most cost-efficient 4-phase challenge in the Upcomers lineup.
Challenge Structure
| Phase 1 | Phase 2 | Phase 3 | Phase 4 |
Profit Target | 8% | 5% | 5% | 5% |
Minimum Trading Days | 3 days | 3 days | 3 days | 3 days |
Daily Drawdown | 5% | 5% | 5% | 5% |
Maximum Loss (Static) | 8% | 8% | 8% | 8% |
Min P&L to Count as Trading Day | ≥1% of initial balance | ≥1% of initial balance | ≥1% of initial balance | ≥1% of initial balance |
✔ Positions must be closed to complete each phase
✔ Unlimited time – no deadlines for phase completion
✔ Weekend and overnight trading are fully allowed
✔ Leverage: up to 1:50
✔ Account sizes from $5k up to 1 million USD.
Minimum Trading Day Rule
A trading day is counted only if:
The net closed profit is at least 1% of the initial account balance
Only closed trades are taken into account (open trades do not count)
Trades opened before midnight and closed after midnight (UTC) count for the next trading day
Time zone: UTC, where each day runs from 00:00 to 23:59
Example: On a $100,000 Obsidian account, a trading day only counts if your closed profit is $1,000 or more.
Risk Management Rules
Daily Drawdown – 5%
Your equity must not fall below 5% from the starting day's balance or equity — whichever is higher.
Maximum Loss (Static) – 8%
This limit never moves. Your equity must never fall below 92% of your starting balance.
Example: On a $100,000 account, your static breach level is always $92,000.
Time Limit
There is no time limit to complete any phase.
You can progress at your own pace, using any strategy, including swing trading.
Weekend & Overnight
Yes — holding trades overnight and over weekends is fully allowed in all phases.
Funded Phase Rules
Once funded, the same Daily Drawdown (5%) and Static Maximum Loss (8%) rules apply.
In addition, the funded phase includes:
30% Best Day Rule
No single day can represent more than 30% of total profits.
3% Rule – Maximum loss per trade
You cannot loss more than 3% of your initial funded account balance in a single trade.
15% Profit Bonus from Challenge Phase
Once you reach 20% cumulative growth in the funded account, you also earn 15% of all profit generated during the challenge phase.
Final Summary
Feature | Obsidian Challenge |
|
|
Format | 4 Phases |
Profit Targets | 8% → 5% → 5% → 5% |
Daily Drawdown | 5% |
Maximum Loss | 8% (Static) |
Min Trading Days per Phase | 3 |
Time Limit | None (Unlimited) |
Leverage | Up to 1:50 |
Account Sizes | $5k up to 1 million USD |
Weekend & Overnight | Allowed |
Refundable Fee | Yes |