Frequently Asked Questions
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General Information
General Information
Comit Capital is a funding firm that provides skilled traders with access to simulated capital. Our platform allows traders to be rewarded for their gains on their simulated accounts.
Head over to the Comit Capital website, where you will be able to click the “Get Funded “button. Follow the on-screen prompts, complete the registration form, and complete your payment based on your selected challenge.
Comit Capital offers a fair and transparent evaluation process, competitive profit splits, and extensive support for traders. Comit Capital offers a weekly payout, so clients can withdraw frequently.
Comit Capital offers a variety of financial instruments, including forex, commodities, metals, and indices across global markets.
Comit Capital challenges start from as little as $59 or R1080.
No, Comit Capital does not offer a comprehensive training program or mentoring.
Trading Platforms
Trading Platforms
We exclusively offer MetaTrader 5 (MT5), an industry-leading platform, supported by our premium partners RCG Markets and Space Markets.
Evaluation Process
Evaluation Process
Comit Capital offers both one-phase and two-phase evaluations designed to identify elite traders. The one-phase evaluations require achieving a 10% profit target with strict drawdown limits of 4% daily and 6% overall.
For the two-step evaluation, traders must a reach a 10% profit target in Phase 1 and a 6% profit target in Phase 2. The drawdown parameters for both phases include 5% daily drawdown and 10% maximum drawdown.
Profit Split
Profit Split
We offer a competitive profit-sharing model starting at 75% for one step challenges and 85% profit split for the 2 step evaluations, ensuring top performers receive the lion’s share of their earnings.
Capital Allocation
Capital Allocation
High-achieving traders can scale their accounts up to $1 000 000, based on consistent and exceptional performance. The maximum amount capital traders can be allocated is $300 000, thereafter traders may scale their accounts up to $1 000 000.
Profit Split Mechanics
Profit Split Mechanics
Upon successful completion of the evaluation phase, traders earn a minimum of 75% of their funded account profits. Higher profit splits may be available based on performance metrics.
Upon successful completion of both evaluation phases, traders earn a minimum of 85% of their funded account profits. Higher profit splits may be available based on performance metrics.
Drawdown Parameters - Risk management
Drawdown Parameters - Risk management
The one-step challenge has a daily drawdown limit of 4% and an overall limit of 6%. The two-step challenge has a daily drawdown of 5%, with an overall maximum of 10%.
Profit Targets
Profit Targets
For the two-step evaluation, traders must a reach a 10% profit target in Phase 1. We offer a competitive profit-sharing model starting at 75% for one-step challenges and 85% profit split for the two-step evaluations.
Automated Trading
Automated Trading
Yes, we support the use of Expert Advisors (EAs) on MT5, enabling traders to implement and optimize advanced algorithmic strategies.
Minimum Trading Period
Minimum Trading Period
Yes, a 5-day minimum trading period is required for each phase, ensuring a comprehensive evaluation of your strategy’s robustness.
Challenge Fee Refund Policy
Challenge Fee Refund Policy
Challenges are only refundable once the trader withdraws on the funded stage.
Trading Policies and Regulations
Trading Policies and Regulations
Hedging and Scalping is not allowed according to our trading policies and regulations.
Leverage
Leverage
No, the leverage ratios applicable to all trading accounts is 1:100.
Evaluation Timeframe
Evaluation Timeframe
There is no time limit that traders have in which to complete the evaluation.
Payout Frequency
Payout Frequency
Our weekly payout system provides traders with regular access to their hard-earned profits.
Drawdown Breach Consequences
Drawdown Breach Consequences
Exceeding drawdown limits at any point results in immediate disqualification and the account will be terminated, prohibiting the trader from executing any further positions.
News Event Trading
News Event Trading
Yes, but Executing trades within 5 minutes before the announcement of macroeconomic releases and until 5 minutes after the release. For example: if there is a news announcement scheduled to release at 14:30 then entering trades between 14:25 – 14:36 is prohibited and will lead to an immediate termination of account.
Account Scaling
Account Scaling
Consistently high-performing traders can scale their accounts up to $1 000 000, rewarding sustained excellence.
Traders who achieve a profit target of 10% per month for 3 consecutive months will get to increase the capital allocation by 30% until they reach the maximum capital allocation of $1 000 000.
Traders who consistently achieve a 10% target for 6 consecutive months will have a 90/10 profit split.
The maximum amount is $300,000; thereafter, the client will need to scale their capital until they reach $1 million.
Weekend Position Holding
Weekend Position Holding
No, there are no restrictions on holding positions over weekends during the evaluation, allowing for flexible trading strategies.
Trader Support
Trader Support
Our dedicated 24/5 support team is accessible via email, live chat, and phone, ensuring you’re never without assistance.
Post-Evaluation Protocol
Post-Evaluation Protocol
Upon successful evaluation completion, you’ll receive a live funded account with immediate profit-sharing based on your performance.
Challenge Participation Fee
Challenge Participation Fee
Yes, there is a fee for each challenge, but it’s fully refundable if no trades are placed, aligning our interests with serious traders.
Legal and compliance
Legal and compliance
Traders are responsible for declaring their earnings and paying any applicable taxes according to South African tax laws.
Traders are required to sign a trader’s agreement that outlines the terms of engagement, including profit-sharing, confidentiality, and compliance with our trading rules and risk management policies.