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Step-by-step articles
Frequently asked questions
1Which broker do you use?
We utilize an aggregate source of pricing and liquidity from multiple brokers and liquidity providers. The current liquidity providers use a number of different tier 1 banks, prime brokers, market makers and other liquidity sources to derive their pricing, and those underlying liquidity providers change constantly. Aggregating liquidity providers while maintaining multiple sources of liquidity allows us to provide competitive pricing and execution, while reducing reliance on a sole liquidity provider. All market pricing and trade executions are provided by the brokers, without any alterations or modifications on our part. Moreover, we do not adjust transaction costs such as bid-offer spreads, markups/markdowns or swaps beyond what is set by our brokers. Please note that the composition of liquidity providers may vary depending on the platform.
2When are the Maximum Allocation Limits?
A maximum allocation of up to $1 million in total active evaluation accounts and up to $1 million in total active funded plans per person is permitted. This can be composed of multiple assessments or funded accounts.
3Can I trade during News Events?
You are welcome to hold existing positions into Red Folder new events.
However, opening a new position within 3 minutes before or after a News Event is prohibited. Any traders identified as having opened a position during a News Event are subject to having that position closed and the associated P&L removed from their account, having the leverage on their account reduced or having their account breached altogether. The Company has sole and absolute discretion in determining what constitutes a News Event. This rule is intended to protect the integrity of our program and is not meant to penalize traders who inadvertently trade through a news event.