We invested substantial time and money in creating our account customization feature. We see it an essential tool for us to be able to adapt to different traders and trading styles.
Start by choosing your account size. This is the most critical step because the account size determines the amount of funding that you will receive in your assessment account and also in the live account after you complete your assessment. The account size also determines the price of the assessment account.
For example, if you select a $10,000 account, you will receive a $10,000 assessment account and a $10,000 live account. Important note: the account size is in U.S. dollars.
If you could not find where to start with your account, click here.
After you have chosen your initial capital, you can customize the rules that will apply to your account. Let’s do it step by step:
By default our accounts use the 10:1 leverage. If you are a trader who likes to open big trades, you can increase the leverage in your account to 20:1 by selecting the second checkbox. Keep in mind that increasing your leverage comes with greater risk for our capital, due to which the assessment account price is increased by 25%.
Higher leverage can increase the risk and result in you violating the rules. However, if used properly, higher leverage can give a boost to your profits and performance.
At this step you can define your share in profit. Our basic accounts offer a 50/50 division of profits, but you can select a higher share for you, up to 90%, by selecting the second or the third checkbox.
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.
If you are curious to learn more about profit, click here.
At this stage you can customize certain secondary rules. It is important that you review your trading strategy first to make sure you select the parameters that will benefit your trading style. You can customize the following options:
a) Stop Loss: By default our accounts require a mandatory Stop Loss on all trades, but you can turn off this requirement by selecting “Optional”.
b) No Open Trades on the Weekend: Our basic account does not allow trades to remain open during the weekend. You can turn off this rule by selecting “Yes”.
Remember that adjustment of these parameters results in a higher risk for our capital. Due to this the price of the assessment account increases by 10% for every parameter that you change.
Do you want to know more about secondary rules? Click here.