P1 Trading Playbook

Welcome to the P1 Playbook! At P1, we are dedicated to elevating professional retail traders to levels by creating a simulated environment that closely mirrors real-market dynamics while instilling rigorous standards of risk management and disciplined routines.

Consider this Playbook your trusted companion-engaging, self-explanatory, and packed with actionable insights to guide you through the do’s and don’ts of our challenges.   Please note again that all trading via the P1 platform is simulated only, with only fictitious capital available-no real financial instruments are involved.

We strongly recommend familiarizing yourself with how P1 operates, including this playbook, our Terms & Conditions, and privacy policy.

Our framework is anchored on two fundamental pillars:

Trading according to how Real Market Functions:
We meticulously adopt infrastructure, systems, conditions, and pricing that realistically emulate actual market environments. Our reward system is designed to replicate the genuine trader experience, making the simulation productive, educational, and rewarding as possible.

Therefore, all trading must be legitimate, and traders are prohibited from employing practices that contradict real-market functioning.
Additionally, any trading strategy is permissible only if it does not interfere with legitimate trading, exploit practices, manipulate the P1 ecosystem, and misuse P1 services.

Trading Following Professional Standards in Risk Management & Trader Routine:
Our core purpose is to foster professional discipline and habits among retail traders through our system and evaluation process. This helps traders adopt a new perspective and a robust risk management routine, enabling them to evolve into more effective and sophisticated market participants.

Regardless of personal trading goals or strategies, sophisticated traders always prioritize calculated risks, limiting downside to ensure a positive risk-reward ratio in every trade. They focus on protecting their capital while enhancing its growth potential through consistent, sensible profit yields.

At P1, we cultivate this discipline through four key pillars:

• Setting Relevant Challenge Objectives: Aligned with standards from major prop firms to challenge and prepare traders effectively.
• Enforcing Relevant Rules & Practices & Penalizing Bad Trading Practices: Strict guidelines to discourage harmful behaviors and promote sustainability.
• Rewarding Dedication, Consistency & Sound Trading Practices: Incentives to recognize and encourage excellence in trading.
• Providing Insights, Tips & Recommendations on Past Performance in P1 Ecosystem!
• Offering real payouts on simulated trading to better replicate a realistic risk/reward ratio and foster pro trader mindset development.

How the challenges work

The heart of our Evaluation Process lies in our simulated challenges, designed to test your skills, discipline, and character. We categorize our challenges based on strategy-this would be either Day Trading or Swing Trading. (See differences between swing and day trading strategies here.)

Each strategy has 3 distinct challenges that are primarily differentiated by their phases. We have 2-Phase Challenges, 1-Phase Challenges, and Instant Challenges. The 2-Phase Challenges include 2 evaluation phases that you need to pass before you qualify for the Funded Phase, where actual payout rewards are unlocked upon successful completion. In the same logic, 1-Phase Challenges include only one evaluation phase before the Funded Phase, and Instant Challenges mean that you start directly in the Funded Phase without having to pass any evaluation stages. Because these accounts bypass the evaluation stages, additional performance safeguards may apply. These safeguards may include stricter drawdown limits, consistency monitoring, and minimum realized profit thresholds before reward withdrawals become available.

Our challenges have no strict time limit. You can trade at your own pace within an unlimited trading period. To advance, all positions must be closed and objectives met while abiding meticulously by our trading rules and practices. In the Funded Phases, our traders have the potential to earn cash rewards equivalent to up to 80% of their simulated profit performance. (Find a Comparison of our Challenges here.)

Challenge objectives

Profit target

What kind of challenge would it be if there were no targets?
Each phase of any challenge has a defined profit target that must be met to advance to the next phase or, in the funded phase, qualify for payouts.

In the funded phase, a trader can lock in profits by closing all positions once the profit target is surpassed. Payout rewards are calculated as a profit-share percentage based on the realized profits (P&L) generated in the simulated trading environment once all positions are closed.

Profit targets depend on the selected strategy and challenge type and may also differ across phases within the same challenge. All profit targets, as well as the objectives that must be met, are clearly outlined in the challenge comparison table here.

The profit target is calculated on the initial balance of the account

Example 1: On a $100,000 1-Phase Day Trading Challenge, the profit target is $9,000 (9%). Once the account balance exceeds $109,000, the trader qualifies for the Funded Phase.

Example 2: On a $100,000 2-Phase Day Trading Challenge, suppose you are trading in the Funded Phase and your realized profit reaches $20,000. If you close all open positions to lock in that $20,000, the payout would be $16,000 – 80% of the realized profit.

Maximum daily loss

The Maximum Daily Loss is a key trading objective that limits the total losses a trader can incur during a single trading day.

At any time during the trading session, the combined result of realized losses from closed trades and the floating P&L from open positions must not exceed, e.g., 5% of the account’s balance, or the Max Daily Loss percentage outlined for the specified phase of each challenge. You can see the challenge comparison objectives here.

Important: This is a Hard Breach. Exceeding the Maximum Daily Loss limit constitutes a breach, resulting in automatic termination of the Challenge.

Example: For a $100,000 account, the Maximum Daily Loss is $5,000. To determine whether the limit has been reached, traders must consider:

• The total result of all closed trades during the day, plus
• The current floating P&L of open positions.

If the aggregated losses from all positions in a day are more than $5,000, the Maximum Daily Loss objective is breached, and the challenge is automatically terminated.

Note that the Maximum Daily Loss is measured from the account’s midnight balance (CET). In other words, at midnight CET, the system records the account’s balance, and from that value, you are not permitted to exceed the 5% threshold (e.g., $5,000 on a $100,000 account or $5,500 on a $110,000 account). The 5% threshold is inclusive of the sum of results from closed positions and the sum of current floating results from open positions within a daily session. Please note that the Maximum Daily Loss limit also includes commission and swap charges.

Maximum total loss

The Maximum Total Loss is a key trading objective that limits the total losses a trader can incur throughout the entire duration of the challenge.  At any point, the combined result of realized losses from closed trades and the floating P&L from open positions must not exceed the designated percentage of the account’s initial balance. This limit applies across the full lifetime of the challenge, meaning losses accumulate over all trading days.

The max Total Loss is calculated on the initial balance of the account.

Example: In a $100,000 2-Phased Challenge, the Maximum Total Loss is outlined e.g. as 10% ($10,000).  If the combined result of closed trades and floating P&L reaches $10,000  at any time, the Maximum Total Loss objective is breached

Important: This is a Hard Breach. Exceeding the Maximum Total Loss limit constitutes a breach, resulting in automatic termination of the Challenge.

Static vs trailing drawdown

How the Maximum Total Loss floor behaves depends on the challenge: the 2-Phase uses a static drawdown, while the 1-Phase and Instant use a trailing drawdown.

Static (2-Phase): the floor is fixed at your initial balance minus the Maximum Total Loss for the entire challenge. On a $100,000 account with a 10% limit, the floor sits permanently at $90,000 and never moves.

Trailing (1-Phase & Instant): the floor starts the same distance below your balance but rises as your closed-balance high-water mark makes new highs – never above your starting balance – and locks permanently at your starting balance once your banked profit equals the drawdown size. Example: on a $100,000 account with an $8,000 (8%) trailing drawdown, a high-water mark of $105,000 lifts the floor to $97,000; once you have banked +$8,000 (high-water mark $108,000) the floor reaches $100,000 and locks there.

Lock upon payout

On the trailing drawdown models (1-Phase and Instant), your first approved payout permanently locks the floor at your starting balance, even before you have banked profit equal to the full drawdown. After your first payout you can never breach below your starting (simulated) balance again.

Max Open PnL by Symbol %

P1 applies a Max Open PnL by Symbol % limit – the largest combined floating (open) loss you may carry on any single symbol at one time, set as a percentage of your prior-day end-of-day balance. The limit is 2% on the 1-Phase, 2.5% on the 2-Phase and 1.5% on the Instant.

Unlike the daily and total loss limits, this is not a hard breach. If your open loss on a single symbol reaches the limit, every position on that symbol is closed automatically and you are notified – your other positions are untouched and the challenge continues. It works as a per-symbol circuit-breaker, stopping one runaway instrument from breaching an otherwise healthy account.

Example: on a $100,000 1-Phase account the 2% limit is $2,000. If your combined floating loss on XAUUSD reaches $2,000, all your XAUUSD positions close automatically; positions on other symbols, and the challenge itself, continue.

Best day rule

To promote sustainable trading behavior, P1 monitors profit concentration and any trading behavior that relies excessively on a single trade. The Best Day Rule stipulates that your most profitable day (your “Best Day”) must not exceed the cap set for your challenge as a share of the total Positive Days’ Profit accumulated on the account. The cap is 40% on the 1-Phase, 50% (Day Trading) or 40% (Swing Trading) on the 2-Phase, and 30% on the Instant.

Details: The Best Day is the single trading day with the highest profit, calculated on closed trades. Profit is assessed either at the end of the trading day (00:00 CET) or when the other trading objectives are met.

Positive Days’ Profit is the cumulative sum of closed profits from all profitable trading days, recalculated at the end of each profitable trading day (00:00 CET).

Exceeding the Best Day cap does not constitute an immediate rule violation. Instead, you continue trading and generate additional profits until the Best Day represents the cap or less of the updated Positive Days’ Profit.

Example (Account size is irrelevant for this calculation): Consider the following profit and loss (P&L) results per day:

Day	P&L Outcome	Amount
Day 1	Closed loss	-$2,000
Day 2	Closed profit	+$10,000
Day 3	Closed loss	-$2,000
Day 4	Closed loss	-$2,000
Day 5	Closed profit	+$6,000

Results at the end of Day 5: Positive Days’ Profit = $16,000 (Day 2 $10,000 + Day 5 $6,000). The Best Day is Day 2, at 62.5% of Positive Days’ Profit ($10,000 / $16,000). On a 1-Phase challenge (40% cap) this exceeds the limit, so the Best Day Rule is not yet satisfied. To comply while Day 2 remains the Best Day, you would need to grow Positive Days’ Profit to at least $25,000, at which point $10,000 / $25,000 = 40%.

Minimum trading days

The Minimum Trading Days objective defines the minimum number of trading days required in each phase. A trading day is any day on which at least one trade is placed; if a trade spans multiple days, only the day it was opened counts, and trading days need not be consecutive. The minimum is 3 days per phase on the 2-Phase, 3 days (Day) or 4 days (Swing) on the 1-Phase, and 5 days on the Instant.

Note that the transition to a new trading day always corresponds to midnight Central European Time (00:00 CET).

Important: . Not meeting Trading Days Limit will not allow to mark complete the phase or lock profits

Rules & forbidden trading practices

When engaging in simulated trading, you must comply with specific risk management rules and avoid the following prohibited activities. Violations may result in challenge failure, account termination, or denial of payouts. We actively monitor trading activity and reserve the right to classify and penalize behaviors at our discretion.

Misuse or exploitation of the system

Do not employ trading strategies that exploit-whether knowingly or unknowingly-any system malfunctions, technical issues or errors in our Services. Examples include inaccuracies in price displays, delays in updates, or reliance on external or slow data feeds.

Arbitrage

Exploit latency or utilizing techniques that anticipate broker pricing and execution to gain unfair, or any type and form of, risk-free trades.

All forms of arbitrage are considered toxic due to the lack of a clear underlying idea, strategy, or rationale. Below are two common arbitrage strategies:

• (1). Hedge Arbitrage: Simultaneously entering opposing positions with different firms.
• (2). Latency Arbitrage: Exploiting disparities in trade execution times across various trading platforms or venues. Traders using this strategy seek to profit from minor price differences resulting from delays in order processing or data feed.

HFT & tick scalping

This involves placing and closing trades in an extremely short timeframe with high frequency, which is difficult to replicate profitably in real markets due to execution challenges. We define tick scalping as any trades held for 15 seconds or less. Additionally, if more than 3% of your total trades are opened and closed within 30 seconds, we will classify this as high-frequency trading, which is prohibited.

Account & device sharing

Each trader must use their own dedicated trading terminal and environment when accessing their P1 account. Devices (e.g., PCs, smartphones) and networks must not be shared with other users, particularly during active trading. Use of VPS environments is permitted provided that the VPS is used exclusively by the trader and not shared with other P1 accounts.

What Constitutes “Device Sharing”:

This occurs when multiple traders access and trade on P1 using the same physical device (e.g., computer, tablet, or smartphone). Examples include:

• Two traders logging into the P1 platform from the same laptop.
• Multiple traders using a shared PC or VPS for manual trading.
• “Cross-team trading” scenarios where one device is linked to multiple P1 accounts.

Even with separate login credentials, shared devices compromise platform security and data integrity.

Masking IP addresses

You will be in violation of our policy if you:

• Access P1 trading accounts from multiple countries within a short period.
• Use VPNs or proxy servers to conceal or alter your IP address.
• Connect via a server located in a country different from your registered identity information without prior notification (e.g., shared VPS).

Multiple accounts

Each trader is permitted only one registered profile. P1 may request identity verification when necessary to maintain platform integrity. Creating or managing multiple profiles is strictly prohibited. If there is a legitimate need for a second account, you must notify P1 in advance, and conditional approval may be granted.

To comply, avoid the following actions when registering or managing accounts:

• Using a different email address or phone number.
• Registering with partial changes to your name.
• Registering with a different payment method.
• Using a VPN or proxy server to conceal your location.

Such practices are considered serious violations that compromise the platform’s integrity and may result in account termination or other penalties.

Hedging

Hedging-whether internal, external or reverse trading-across two or more different accounts is strictly prohibited. Traders may not use multiple accounts to execute opposite-direction trades (including highly correlated symbols). For example, placing a buy order in Account 1 and a sell order on the same instrument in Account 2 creates a hedged position across accounts, which is not allowed and may result in disqualification and closure of the accounts. This applies even if both accounts are with P1, as they are treated as separate entities.

Signs and behavior, which includes risking the full daily loss on one trade, which often indicates reverse trading between different firms

We monitor factors such as timing, correlation, frequency, position sizing, trends, and other indicators of hedging behavior. Accounts showing strong evidence of such activity will be disqualified.

Note: Executing opposite-direction trades within the same registered account is permitted.

Copy trading & external signals

All of the following practices are strictly prohibited:

• Copying trades from any signal providers, fellow traders, or related communities.
• Adopting the same or similar strategies or transactions as a third-party mentor or peer.
• Using commercial or free copy trading Expert Advisors (EAs).
• Following another trader’s account via mirror trading or copy trading tools.
• Copying contrarian or counter-directional trades from your own or another’s account (e.g., held at another prop firm or broker).
• Allowing any person, third-party service, or software to trade on your behalf in your account (whether manually or automatically).

EA & software use

In general EA’s and software are allowed only if their use does not abuse, manipulate, give unfair advantage in trading and violate any of the prohibited actions and rules as stated in this document. I.e arbitrage, HFT, copytrading etc.

Martingale strategies

Intentionally increasing position size to recover losses, in a way that indicates or mimics a Martingale strategy, is prohibited. This applies whether you average into a losing open position or increase size after closing a loss.

Example (Gold Buy): Initial entry: 1.0 lot at 2100; Price drops to 2095: Buy 1.5 lots; Price drops to 2090: Buy 2.0 lots.

Example (closed trades): closing a 1-lot trade at a loss and then opening 1.5 lots in the same direction is also treated as Martingale, because position size is being increased to chase back the previous loss.

Gambling-style or inconsistent trading

Participants are required to trade in a consistent, risk-managed manner reflective of a sustainable trading approach. Trading behavior that resembles gambling is strictly prohibited. All trading activity must demonstrate logical consistency in position sizing, risk distribution, and execution over time, both on an individual account basis and across any accounts associated with the participant. P1 reserves the right to review trading activity across all related accounts and, at its sole discretion, determine whether such activity aligns with professional risk-management standards. Any activity deemed exploitative, abusive, or inconsistent with these principles may result in the rejection of profits, suspension, or termination of any or all associated accounts.

The Capital Caps (Maximum Allocation)

This rule limits the total amount of funding you are allowed to control at any  time across all stages (both evaluation/challenge accounts and fully funded accounts).

Account Setup

• Maximum Allowed Capital Different Accounts (Different sizes, types, or distinct strategies) $600,000
• Identical Accounts (Same account sizes, types, or mirrored trades)$300,000.

Note that both evaluation, verification and funded phases are included in the calculation. For example:  If you have a $100k evaluation account and a $200k funded account, you are using $300k of allocation.

Trading around high-impact news

News trading is generally permitted, but it comes with specific restrictions to manage risk and ensure compliance. For the targeted instruments listed below, you are not allowed to open or close any trades-including placing, modifying, or executing pending orders (such as Stop Loss or Take Profit)-within a restricted time window. This window spans from 2 minutes before the scheduled release of selected high-impact macroeconomic news announcements until 2 minutes after the release. Note that activating or closing a pending order during this period is treated as equivalent to opening or closing a trade.

You may, however, maintain open positions on these targeted instruments as long as they were established more than 2 minutes prior to the start of the restricted event. Be aware that if a Stop Loss or Take Profit order is automatically triggered within the restricted time window, this could be deemed a violation of P1’s news-trading rule.

Trading on non-targeted instruments remains unrestricted during these periods. For instance, during the release of the US Non-Farm Payrolls (NFP) data, you can freely trade pairs like EURGBP or AUDNZD. However, you must avoid opening or closing trades on USD-related pairs such as USDJPY or GBPUSD within the 2-minute window before and after the NFP announcement.

The following table outlines the affected instruments and the corresponding macroeconomic announcements that trigger these restrictions:

Affected Instrument	Macroeconomic Announcement
USD (related to Forex pairs involving USD, Gold, US Indices, and DXY)	Federal Funds Rate & Statement Non-Farm Employment Change, Unemployment Rate & Wages Advance GDP q/q FOMC Meeting Minutes CPI y/y
EUR (related to Forex pairs involving EUR)	Main Refinancing Rate
GBP (related to Forex pairs involving GBP)	Official Bank Rate & MPC Votes CPI y/y
CAD (related to Forex pairs involving CAD)	Overnight Rate/BOC Rate Statement CPI m/m Employment Change/Unemployment Rate
AUD (related to Forex pairs involving AUD)	Cash Rate & RBA Statement Employment Change/Unemployment Rate CPI q/q GDP q/q
NZD (related to Forex pairs involving NZD)	Official Cash Rate & RBNZ Rate Statement Employment Change/Unemployment Rate CPI q/q GDP q/q
CHF (related to Forex pairs involving CHF)	SNB Policy Rate
Crude Oil (UKOIL.cash, USOIL.cash)	Crude Oil Inventories

You can monitor the schedule of these news releases in our Economic Calendar, where restricted events are highlighted with a red background for easy identification.

For announcements impacting USD, the restrictions apply to all Forex pairs that include USD, as well as Gold, any offered US Indices (such as US30.cash, US100.cash, US500.cash, and US2000.cash), and the DXY index.

Positions opened more than 2 minutes before a restricted event may be kept open through the release; the only restriction is the 2-minute window itself, during which you may not open or close any position on an affected instrument. Trades opened well in advance are unaffected, and their profits count normally on the Funded account.

Gap trading

Forbidden Practice: This restriction applies exclusively to swing accounts. You must not engage in “gap trading” by opening new trades within two hours or less before a relevant financial market is scheduled to close for a period of at least two hours.

Key Details:

This rule targets markets with fixed trading hours, such as stock markets, certain indices, or commodities, where price gaps frequently occur during weekends or extended closures due to reduced liquidity.

For continuously operating markets like forex (which run 24/5), the restriction primarily applies to scenarios like weekend closures (e.g., from Friday’s close to Sunday’s open), provided the closure lasts at least two hours.

Time Window: No new trades may be opened during the 2-hour period immediately preceding a qualifying market closure.

Rationale: Initiating positions shortly before a market close can expose trades to unpredictable price gaps upon reopening, which P1 views as potentially exploitative or indicative of irresponsible trading practices. Such gaps can significantly heighten risks associated with holding positions overnight or over weekends.

Inactivity

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.

Objectives at a glance

Challenge	Strategy	Profit Target	Max Daily Loss	Max Total Loss	Max Open P&L / Symbol	Min Trading Days	Best Day Rule	Reward Split
2-Phase	Day	8% → 5%	5%	10% (static)	2.5%	3 / phase	50%	80%
2-Phase	Swing	8% → 6%	5%	10% (static)	2.5%	3 / phase	40%	80%
1-Phase	Day	9%	5%	8% (trailing)	2%	3	40%	80%
1-Phase	Swing	9%	5%	7% (trailing)	2%	4	40%	70%
Instant	Day	–	4%	7% (trailing)	1.5%	5	30%	60%
Instant	Swing	–	4%	6% (trailing)	1.5%	5	30%	50%

Maximum Trading Period: unlimited on all challenges. Inactivity: 30 days. Stop-loss: not required. Objectives are percentage-based and identical across account sizes. Drawdown is static (2-Phase) or trailing with Lock Upon Payout (1-Phase & Instant). Max Open PnL by Symbol % auto-closes the affected symbol and is not a breach.

Leverage

Asset Class	Day 1-Phase	Day 2-Phase	Day Instant	Swing 1-Phase	Swing 2-Phase	Swing Instant
Forex Majors	40	50	30	30	40	20
Forex Minors	40	50	30	30	30	20
Forex Exotics	30	30	20	20	20	15
Indices	30	30	20	20	20	10
Precious Metals	20	30	10	15	15	10
Commodities	20	20	10	10	10	5
Cryptocurrencies	5	10	5	2	3	2

Figures are maximum leverage (e.g., 40 = 1:40). The Double Leverage add-on can raise FX leverage where available.

Spreads & commissions

Asset DAY TRADING	SPREADS & COMMISSIONS ALL PHASES
Forex Majors	$5	roundtrip per lot
Forex Minors	$5	roundtrip per lot
Forex Exotics	$5	roundtrip per lot
Indices	raw+
Precious Metals	0.0014	percent/volume
Commodities	0.0014	percent/volume
Cryptocurrencies	0.065	percent/volume
Asset – SWING TRADING	P1 SPREADS & COMMISSIONS ALL PHASES
Forex Majors	$5	roundtrip per lot
Forex Minors	$5	roundtrip per lot
Forex Exotics	$5	roundtrip per lot
Indices	Raw spread+
Precious Metals	0.0014	percent/volume
Commodities	0.0014	percent/volume
Cryptocurrencies	0.065	percent/volume

Challenge prices

USD pricing

Plan	Account Size	Fee – Day	Fee – Swing
1-Step	$12,000	$110	$123
1-Step	$30,000	$215	$260
1-Step	$65,000	$396	$560
1-Step	$125,000	$733	$795
1-Step	$200,000	$1,230	$1,362
2-Step	$12,000	$80	$95
2-Step	$30,000	$180	$212
2-Step	$65,000	$312	$375
2-Step	$125,000	$575	$645
2-Step	$200,000	$888	$1,090
2-Step	$300,000	$1,393	$1,555
Instant	$3,000	$80	$100
Instant	$9,500	$240	$310
Instant	$15,000	$365	$495
Instant	$30,000	$685	$880
Instant	$45,000	$1,155	$1,430

EUR pricing

Plan	Account Size	Fee – Day	Fee – Swing
1-Step	€12,000	€110	€123
1-Step	€30,000	€215	€260
1-Step	€65,000	€396	€560
1-Step	€125,000	€733	€795
1-Step	€200,000	€1,230	€1,362
2-Step	€12,000	€80	€95
2-Step	€30,000	€180	€212
2-Step	€65,000	€312	€375
2-Step	€125,000	€575	€645
2-Step	€200,000	€888	€1,090
2-Step	€300,000	€1,393	€1,555
Instant	€3,000	€66	€85
Instant	€9,500	€203	€260
Instant	€15,000	€310	€415
Instant	€30,000	€575	€740
Instant	€45,000	€970	€1,200

JPY pricing

Plan	Account Size	Fee – Day	Fee – Swing
1-Step	¥2,000,000	¥21,000	¥22,500
1-Step	¥5,000,000	¥36,000	¥40,000
1-Step	¥10,000,000	¥60,000	¥68,000
1-Step	¥20,000,000	¥110,000	¥115,000
1-Step	¥35,000,000	¥200,000	¥220,000
2-Step	¥2,000,000	¥12,000	¥13,970
2-Step	¥5,000,000	¥30,000	¥35,000
2-Step	¥10,000,000	¥54,000	¥60,000
2-Step	¥20,000,000	¥92,000	¥100,000
2-Step	¥35,000,000	¥125,000	¥140,000
2-Step	¥50,000,000	¥228,000	¥243,000
Instant	¥500,000	¥12,600	¥19,000
Instant	¥1,500,000	¥42,000	¥60,500
Instant	¥2,500,000	¥68,500	¥88,000
Instant	¥5,000,000	¥115,500	¥165,000
Instant	¥7,000,000	¥178,500	¥231,000