This phase tests your ability to reach a profit target while producing consistent daily profits over a minimum number of trading days.

A qualifying trading day is a day on which you net at least 0.25% profit on your account. You must accumulate at least 3 qualifying days in addition to reaching the 10% target to pass the evaluation.

Example 1: $100,000 account — passes evaluation Day 1: +$1,200 (qualifying, ≥$250). Day 2: -$400 (not qualifying). Day 3: +$3,500 (qualifying). Day 4: +$280 (qualifying — exactly at 0.28%). Day 5: +$4,850 — target hit. You have 3 qualifying days ($1,200, $3,500, $280) and have reached the 10% target. You pass.

Example 2: $100,000 account — target hit but not yet passed Day 1: +$500 (qualifying). Day 2: +$9,600 — target hit with a huge day. You have only 2 qualifying days. You must continue trading until you log a third qualifying day (≥$250 net profit) without breaching. The 10% target remains achieved; only the qualifying day count is outstanding.

Example 3: $100,000 account — many days, few qualifying Day 1: +$150 (not qualifying — below 0.25%). Day 2: -$800 (not qualifying). Day 3: +$200 (not qualifying). Day 4: +$11,000 — target hit. You have 0 qualifying days. You must now log 3 separate days with ≥$250 net profit to pass.

IMPORTANT: The 0.25% threshold is measured on net daily P/L (closed profits minus closed losses for that day, excluding floating positions). The goal is to reward active trading — passing Hermes requires you to actually work the market across multiple days, not hit the target on a single oversized trade and coast.

Once you pass the evaluation, you will be offered a Funded Account with simulated capital allocation.

A Hard Breach is a serious violation of our trading rules. Committing a Hard Breach will result in the immediate closure of your account.

The Maximum Loss Limit is the total amount you are not allowed to lose on your account overall. It is calculated from your initial account balance and is static — the threshold never moves, regardless of how much profit you accumulate.

Violating this rule is a Hard Breach and will lead to account closure.

Example 1: $25,000 account Your equity or balance cannot hit $23,500 at any point. This floor stays at $23,500 for the life of the account — even if you grow to $40,000, the breach level remains $23,500.

Example 2: $100,000 account Your equity or balance cannot hit $94,000 at any point. If your account grows to $130,000, you are still breached the moment equity or balance touches $94,000.

IMPORTANT: Both balance and equity (realized balance + floating P/L) are measured against this floor. A floating drawdown on an open position can breach your account just as quickly as a closed loss — you do not need to close the trade for the breach to trigger.

IMPORTANT — Hermes has the tightest drawdown in the lineup. At 6% static, you have less margin for error than Renaissance (10%) or Spartan (8%). Size conservatively, especially early in the account life.

The Daily Loss Limit is the maximum amount you can lose in a single trading day. It is set at a fixed 3% of your starting balance and is calculated using your balance at the start of the day. It resets daily at 5:00 PM EST.

Violating this rule is a Hard Breach and will lead to account closure.

Example 1: Start-of-day balance $100,000 Your equity cannot drop to $97,000 or below at any point during the day. A combined drawdown (closed losses + floating P/L) of $3,000 will breach the account.

Example 2: Start-of-day balance $108,000 (after previous gains) Your equity cannot drop to $104,760 or below during the day. Because the limit is recalculated from your start-of-day balance, profits from previous days raise the floor — your daily risk allowance scales up as the account grows.

IMPORTANT: The Daily Loss Limit is measured against equity, not just closed P/L. Floating losses on open positions count in real time — if your equity touches the 3% floor for even a moment, the account is breached.

The Daily Loss Limit resets daily at 5:00 PM EST. You can check the reset timer on your Fortunes Funding dashboard.

Funded Accounts enforce a maximum risk cap per symbol, applied to your currently open positions on that instrument. This means the combined realized and floating loss across all open positions on the same symbol at any given moment must not exceed 1.5% of the initial account balance.

Because Funded Accounts are also capped at 2 positions per symbol per direction (4 total per symbol), this rule applies to whatever combination of open trades you hold on that instrument.

This rule does not apply during the Evaluation Phase.

Violating this rule is a Hard Breach and will result in account closure.

Example 1: $25,000 Funded Account — single open trade You open one XAUUSD position. The maximum floating loss allowed on that trade is $375. A floating or realized loss of $375 or more on that position will breach the account.

Example 2: $100,000 Funded Account — two open positions, same direction You hold two long EURUSD positions open simultaneously. Position 1 is floating at -$900 and position 2 is floating at -$700. Combined floating loss on EURUSD is $1,600 — this exceeds the 1.5% cap ($1,500) and will breach the account.

Example 3: $100,000 Funded Account — hedged positions on the same symbol You hold one long and one short XAUUSD position open at the same time. If the long side is floating -$1,000 and the short side is floating -$600, the combined floating exposure on XAUUSD is $1,600 — this exceeds the $1,500 cap and will breach the account. Hedging does not offset the per-symbol risk calculation.

IMPORTANT: The 1.5% cap applies to your total open exposure on a symbol at any moment, not cumulative losses over the day. Once a position is fully closed, its realized loss no longer counts toward the per-symbol cap — however, it still counts toward the Maximum Loss Limit and Daily Loss Limit.

IMPORTANT — anti-circumvention: Systematically closing positions just before they would breach the 1.5% threshold and reopening new positions in the same direction to "reset" the cap is considered circumvention of the risk rule. If our risk team identifies this pattern, Fortunes Funding reserves the right to escalate to a Hard Breach and void associated profits. The rule exists to enforce disciplined risk management — not to be gamed through rapid close-and-reopen cycles.

The following strategies are strictly not allowed on Funded Accounts. Using any of them is a Hard Breach and will result in account closure, with profits potentially voided:

IMPORTANT: EAs and algorithmic strategies are permitted on Funded Accounts provided they are non-toxic. If you are unsure whether your EA qualifies, contact support before deploying it. Copy trading is only allowed across accounts owned by the same user.

A trading account will be breached if it remains inactive for 30 consecutive days. To keep the account active, you must open and close at least one trade within this period. If no trades are completed during the 30-day window, the account will be breached.

Unlike other Fortunes Funding challenges, Hermes has no consistency rule during the evaluation phase — your qualifying-days requirement already enforces active trading. On the Funded Account, a consistency rule applies at the payout stage to prevent single-day profit spikes from distorting your payout size.

Failing the Consistency Rule at payout request is a Soft Breach and results in that payout being withheld until consistency is restored through additional trading days.

Example 1: Payout request — passes consistency Since your last payout, you have generated $6,000 in profit. Your best single day was $2,400. $2,400 ÷ $6,000 = 40%. You are eligible to request a payout.

Example 2: Payout request — fails consistency Since your last payout, you have generated $4,000 in profit. Your best single day was $2,200. $2,200 ÷ $4,000 = 55%. Your payout is withheld until you log enough additional profitable days to bring your best day below 45% of total profit since the last payout.

IMPORTANT: The 45% threshold is intentionally more lenient than on The Spartan (25%). Hermes rewards traders who already proved their discipline through the qualifying-days evaluation — the funded consistency rule exists only to prevent a single outlier day from distorting a payout cycle.

Hermes permits news trading during the evaluation phase. On the Funded Account, news trading requires an add-on.

We use Forex Factory as our official news source, accessible directly through your dashboard. High-impact news events are highlighted in red.

IMPORTANT: Purposely and repeatedly trading news without the News Add-on on a Funded Account may escalate from a Soft Breach (profit removal) to a Hard Breach (account closure). Fortunes Funding reserves the right to make this determination at its discretion.

Weekend holding is permitted on all account types — Evaluation and Funded. You may hold positions open through Friday close into Monday open without penalty.

IMPORTANT: Weekend holding is subject to higher overnight swap costs and exposure to weekend gaps. Given Hermes's 6% max drawdown, weekend gap exposure is particularly risky — we strongly recommend reducing position size before Friday close.

To maintain balanced exposure, Funded Accounts enforce a position cap per instrument:

Example: On EURUSD, you may hold up to 2 long positions and 2 short positions simultaneously, for a maximum of 4 open positions on that pair.

This rule does not apply during the Evaluation Phase.

Copy trading is permitted with restrictions:

Violating this rule may result in profit removal or account closure depending on severity.

Fortunes Funding operates on a bi-weekly reward cycle by default, with faster payout speeds available via add-on.

Standard Reward Schedule (Bi-Weekly)

Selected at checkout, this add-on accelerates your reward cycle to every 7 calendar days after your first executed trade.

Selected at checkout, this add-on allows you to request rewards on demand after the minimum qualifying period.

Your Hermes challenge fee is 100% refunded on your first payout — no minimum payout size required to qualify.

IMPORTANT: Two mechanics activate after your first payout:

1. MLL Lock — Your Maximum Loss Level floor locks at your starting balance. The 6% static drawdown is replaced by a hard floor at your initial balance.

2. Minimum Balance Rule — Your account balance must remain above your starting balance at all times post-payout. Dropping at or below starting balance is a Hard Breach.

You qualify for a scale-up once all three of the following conditions are met:

Hermes has the fastest scaling pathway in the Fortunes Funding lineup — reflecting the faster evaluation.

Each time you qualify, your account is scaled as follows:

Example: $100,000 Funded Account After meeting the three conditions, your account is scaled to $120,000. On the next scale-up qualification, it scales to $144,000, and so on, until you reach the $1,000,000 cap.