Prop firm Upcomers lowered the profit target in its Horizon challenge from 9% to 8%. The change was announced on November 4. This concerns a product that was already running; no new tiers appeared in the lineup.
What a prop firm is. This is a company that, after selection, gives a trader its trading account and shares profits with them. Selection takes place in a challenge format: you need to earn a set percentage and not violate risk limits.
Why this matters to a trader. The profit target determines how much you need to earn to pass the selection. The lower it is, the less time the account spends at risk.
What exactly changed?
- Before: to close Horizon, you had to earn 9% of the starting balance.
- Now: 8%.
- Difference: the required return decreased by approximately 11.1% from the previous target.
The rest of the mechanics are the same. Horizon remains one-step: there is still one evaluation phase, and no second stage has appeared.
What about the daily rule?
There is none in the challenge, and that has stayed the same. This refers to the daily profit distribution rule - a restriction under which the share of one successful day in the overall result cannot exceed a set percentage.
- Without this rule, the result may be assembled from just a couple of trades.
What does this mean for the trader?
The risk has not changed. Lowering the target shortens the time the account spends at risk, but does not affect the risk itself.
- Drawdown limits, position size rules and other account conditions remain the same.
- Selection ends not because of the profit target, but because of exceeding drawdown, and this part of the rules has not changed.
Key point: one percentage point makes the path to the target easier, but the conditions for exiting the challenge are the same. It is worth comparing parameters and choosing a challenge to suit your trading style before buying.
What else does Upcomers offer?
The company's lineup is broader than one challenge. It includes programs for contracts for difference, futures and perpetual contracts.
- Account sizes. Up to $1.5 million.
- Profit share. Up to 100% depending on the chosen program.
- Formats. One-step, two-step and instant funding.
The terms of other companies can be checked in the prop firm catalog.
Have you calculated how many percent you need to make?
The profit target is the first thing people look at in the terms table. And the only thing they remember later. Yet an account is closed not for falling short on percentages, but for drawdown, for position size, for a trade in a prohibited window. That is why it makes sense to compare prop firms line by line: target, daily loss limit, term, list of instruments. One percentage point in the target means little if a neighboring company's daily limit is twice as lenient.