Rules

The most frequent asked questions about our rules and terms.

1Do I need to achieve a 10% balance increase or equity increase?
The practical assessment is automatically approved when your equity increases by 10%, meaning that the simulation will end successfully before you have the chance of closing your last winning trades.
2How do you calculate the 5% Max Trailing Drawdown?
Maximum Trailing drawdown is the maximum your account can drawdown before you would hard breach your account. When you open the account, your max trailing drawdown is set at 5% of your starting balance. This 5% trails your closed trading balance until you reach 5% profits in your account. Once you have achieved 5% profit in your account, the Max Trailing Drawdown locks in at your starting balance and no longer trails your account. Example: If your starting balance is $100,000, you can drawdown to $95,000 before you would violate the Maximum Trailing Drawdown rule. Then for example let's say you take your account to $102,000 in closed balance. This is your new high-water mark, which would mean your new Maximum Trailing Drawdown would be $97,000. Next, let's say you take your account to $105,000 in closed balance, which would be your new high-water mark. At this point your Maximum Trailing Drawdown would be locked in at your starting balance of $100,000. So, regardless of how high your account goes, you would only breach this rule if your account drew back down to $100,000 (note, you can still violate the daily drawdown). For example, if you take your account to $170,000, as long as you do not drawdown more than 4% in any given day, you would only breach if your account equity reaches $100,000.
3How do you calculate the 4% Daily Loss?
Daily Loss Limit is calculated based on the previous day’s end-of-day (5pm EST) balance. Example: If your prior day’s end-of-day balance was $1,000,000 you would breach the daily loss limit of 4% should your equity the next day fall to $960,000. It’s important to understand that if the account balance changes, the 4% will become a different amount. For example, if you trade up and your prior day’s end-of-day balance is $1,000,500, the daily loss limit becomes $960,480. Note that the daily loss limit is related to the prior day’s balance, not equity. This means that your prior day’s balance doesn’t change until you close any trades.
4How many lots can I trade?
Below are the maximum open lots across all pairs that a trader can have at any given time. $25K – 2.5 lots with risk $50K – 5 lots with risk $100K – 10 lots with risk $250K – 25 lots with risk $500K – 50 lots with risk $1 million – 100 lots with risk For example, if you are in the $100k plan you will have 10 open lots with risk available. If you buy 5 lots of EURUSD at 1.20 and your stop loss is at 1.18, you would have 5 lots on with risk, so you would have 5 still available. If the EURUSD moves up to 1.25, and you update your stop loss to be at 1.20, which would be your open price, you no longer have risk on that trade. So, you would again have 10 lots available, even though you currently have 5 lots open. In the event that you put on too many trades with risk, then our system will liquidate all trades that currently have risk.
5Why do I have to place a stop loss on trades?
In line with sound risk management practices, we require a stop loss on every trade. If you fail to place a stop loss, we will close the trade that does not have a stop loss. But this is a soft breach rule, so you can carry on trading in your account. When purchasing your assessment account, you can customize it to allow trading without the mandatory stop loss. Since this results in a higher risk for our capital, the price of the assessment account increases by 10% in this case.
6Will I fail the practical assessment if I place an order without a stop loss?
No, you won't. Our system monitors accounts and if your position does not have a stop loss we will simply close that trade. You can carry on trading though. When purchasing your assessment account, you can customize it to allow trading without the mandatory stop loss. Since this results in a higher risk for our capital, the price of the assessment account increases by 10% in this case.
1Once I pass the practical assessment, what happens?
You will be welcomed into the prop trading firm and be provided a live account to trade at your sole discretion. You will be trading real money, provided by the firm, and earning a high-watermark 75% performance fee on your trading profits.
2How do I get paid my performance fee?
Performance fees are payable on demand once a month via bank transfer or via Coinbase. When purchasing your assessment account, you can customize it so that your profit share is higher than 50%. Your profit share can be 70% or even 90%. You getting a higher profit share results in a lesser benefit for us, due to which the price of the assessment account increases by 10% for each profit sharing level.
3Can I hold positions over the weekend?
We require all trades to be closed by 4pm EST on Friday. Any trades left open after this time will automatically be closed. Note, this is only a soft breach rule. Meaning, come Sunday night when markets reopen you can continue trading. When purchasing your assessment account, you can customize it to allow keeping your positions open over the weekend. Since this results in a higher risk for our capital, the price of the assessment account increases by 10% in this case.
4Why am I required to flatten over the weekends?
We require you to flatten over weekends to avoid unexpected losses on weekly gaps. We understand that forex pairs do not gap very much, but digital currencies and other not-so-liquid assets can suffer spectacular price changes from Friday to Monday, on top of very big swap costs. When purchasing your assessment account, you can customize it to allow keeping your positions open over the weekend. Since this results in a higher risk for our capital, the price of the assessment account increases by 10% in this case.
5What is the difference between a Hard Breach and a Soft Breach rule?
Soft breach means that we will close all trades that have violated the rule. However, you can continue trading in your assessment or live account. Hard breach means that you violated either the daily or max trailing drawdown rule. Violating either of these rules constitutes a hard breach. In the event you violate a hard breach you will fail the assessment or have your live account taken away.
6If I have a hard breach in my live account and there are profits, do I forfeit those profits?
No, if you have a live account and violate a hard breach rule, we will close the account and pay you out your portion of any profits. For example, if you have a $100,000 account and you grow that account to $110,000. Should you violate a hard breach rule we would close the account. Of the $10,000 in profits, you would be paid your 75% portion ($7,500).
7Will my account get closed if I don't place any trades for a certain period?
If you don't place, close, or modify any trade or make a deposit or withdrawal for a period exceeding 45 days, your account will be closed. On a live account any profits will be still payable to you of course.
 

Trading conditions

Learn more about the platform, broker, and general conditions.

1What are the trading conditions of the assessment and live accounts?
You will trade on raw ECN accounts with up to 10:1 leverage. Commission charges on Forex, Indices and Metals are $3.5 per side per standard lot. When purchasing your assessment account, you can customize it to trade at 20:1 leverage. Since this results in a higher risk for our capital, the price of the assessment account increases by 25% in this case.
2Can I trade an account with higher leverage?
When purchasing your assessment account, you can customize it to trade at 20:1 leverage. Since this results in a higher risk for our capital, the price of the assessment account increases by 25% in this case. But remember that even with the 10:1 leverage the actual leverage on your fee is 1000:1, 100 provided by us and 10 provided by the broker. For instance, with a $250 fee you will be trading a real account of $25,000 with 1:10 leverage, meaning that the total possible market exposure is $250,000, a thousand times your evaluation fee.
3Can I use indicators or Expert Advisors (EAs) to trade?
Yes. We aren’t bothered so much with things like which strategy you’re using or what individual trading style you have, or how fast it generates profits. The only thing we really care most about is that you are deploying good risk management practices.
4Do you allow VPS?
Yes, we just don’t provide one.
1Can I hold trades overnight? What about over the weekend?
Yes, trades can be held overnight. However, you must close your trades by 4pm EST on Fridays as we do not permit holding positions over the weekend. When purchasing your assessment account, you can customize it to allow keeping your positions open over the weekend. Since this results in a higher risk for our capital, the price of the assessment account increases by 10% in this case.
2Am I able to trade on my mobile device?
Yes, MetaTrader4 has an app for both the iOS and Android platforms.
3Am I allowed to hold open positions during major macro news?
Yes, you can trade on the news and keep positions open during major news events.
4Can I have several demo accounts at a time?
At any given moment you can hold one demo account of each account size. E.g. you can have a $25k and a $50k, but not two $50k accounts.
 

General questions

Everything you need to know about our funded trader program.

1What platform can I trade on?
Our risk management technology is currently integrated with the MT4 platform, so trading should take place on MT4.
2Can I do the practical assessment with my own broker?
No, the assessment and funded trading must take place with the same broker.
3Do I need to follow NFA/FIFO rules in the account?
No, not even if you live in the United States. Hedging is allowed in the account.
4Are there any ongoing fees?
No, none at all.
5How long does it take to receive my assessment account?
Once your payment has been processed the account will automatically be created. If you paid by credit card, this process typically takes 5-10 minutes. If you paid in Coinbase, the payment needs to be processed manually and it might take 24 hours at maximum to create your account. However normally this time is much shorter.
6How long does it take to receive my live account?
Once you have passed your assessment and have supplied your KYC documents, the account will be issued within 24-48 business hours.
7When can I withdraw profits from my live account?
You can withdraw your profits at any time. You can elect to withdraw them on day 1 of your live account, or leave them in your account to grow. Should you request a withdrawal we will withdraw 100% of your request and send you 75% (your profit share). Important Note: Once you achieve a 5% profit in your account, the Maximum Trailing Drawdown is locked in at the amount of your starting balance. This effectively means that any full withdrawal results breaching the Maximum Drawdown rule and closing the account. You can always withdraw all your profits (75% of profit made in the account). Only bear in mind that in case of a full withdrawal your account gets closed.
1Can I upgrade from one plan to another?
In general, you cannot switch from one account size to another. Each assessment is done separately. So after you hit 10% profit you'll be funded with the respective amount and no further funding will be made. This is the reason why we have different starting options, because the plan that you buy determines how much funding you'll receive. However, we offer a special Scaling Plan. If you purchase this plan, your live account will move to the next level each time it reaches 10% profit as follows: $100k > $200k > $500k > $1m.
2What happens to the Max Trailing Drawdown in case of scaling?
When you scale to a new level, you will get a brand new trading account. On this brand new account, all parameters are reset. For example, when you reach $110k, you get a new $200k account, in which the maximum drawdown would be 5% or 10k (so you go as low as $190k when starting). Your 75% share in the profit made in the previous level account shall be paid out to you and not transferred to the new account.
3I am not a trader. Can I invest in your talented traders?
Sadly, no. We are a closed prop trading firm and we don’t accept investors.
4What countries are accepted?
All countries excluding OFAC listed countries can take part in our program. So, even though the brokerage firm may not be able to take you directly, when you pass and are trading the prop firm's capital you are a trader for them. You are not opening an account directly with the brokerage firm.
5Do I have to use one of your accounts, or can I use my own?
We have risk management software that is synced with all accounts. This allows us to analyze the accounts in real time for achievements or rule violations. As such, you must use an account that we provide to you.
6What products can I trade?
You can trade any products offered at the broker. This includes Forex, Indices and Metals.
7What is the leverage?
In line with sound risk management practices, we allow up to 10:1 maximum leverage for Forex, Indices and Metals. When purchasing your assessment account, you can customize it to trade at 20:1 leverage. Since this results in a higher risk for our capital, the price of the assessment account increases by 25% in this case.
8What is an ECN broker?
In practically it's the way we use to execute your orders. An ECN broker charges a commission per lot of trading, instead of artificially inflating the price of the spreads. That is much more desirable for traders given that in the long run, it becomes cheaper and more reliable. Other brokers that don't have the ECN framework, won't charge you commissions but will inflate the price of spreads, making it much more expensive when you are trading higher volumes.
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