Trading Rules
Comprehensive trading rules, guidelines, and frequently asked questions for our assessment and funded accounts.
| Rule Area | Assessment | Funded | Notes |
|---|---|---|---|
| Profit Target | 10% | - | Funded Account has no limit |
| Daily Loss Limit | 5% | 5% | Equity-based, limit set by prior day balance (Hard Breach) |
| Max Drawdown | 6% | 6% | Equity-based, trailing account balance high water mark, locks in at starting account balance (Hard Breach) |
| Inactivity Period | 30 Days | 30 Days | Must place trade (Hard Breach) |
| Leverage | 1:20 | 1:20 | |
| Yes | Yes | All positions closed on Friday 3:45pm (Soft Breach) | |
| Max Time | - | - | No Max Time requirements |
Hold Over Weekend
10% CostPoint-of-Sale add-on that disables 'Flat for Weekend' requirement; this allows traders to keep positions open over the weekend. Only crypto can be traded over the weekend.
Profit Share Increased to 90%
20% CostPoint-of-Sale add-on that increases a trader's potential profit share for funded accounts to 90% (up from the standard 75%) of the profit.
Forex
1 lot = $100k notional
Index
1 lot = 1 Contract
Exceptions:
SPX500: 1 lot = 10 contracts
JPN225: 1 lot = 500 contracts
Cryptos
1 lot = 1 coin
Silver
1 lot = 5000 ounces
Gold
1 lot = 100 ounces
Oil
1 lot = 100 barrels
Trading hours are generally set by the Liquidity Provider, unless set by our rules. You can see the trading hours for each product by using the following methods:
Important Notes:
- • Holidays can have an impact on available trading hours
- • All open trades are closed at 3:45pm EST on Fridays (weekend rule)
- • If a holiday falls on Friday and markets are closed, traders must close positions before markets close on Thursday
What is the difference between a Hard Breach and 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 Funded Account. Hard breach means that you violated either the Daily Loss Limit or Max Trailing Drawdown rule. Both rules constitute a hard breach. In the event you have a hard breach, you will fail the Assessment or have your Funded Account taken away.
How do you calculate the Daily Loss Limit?
The Daily Loss Limit is the maximum your account can lose in any given day. Daily Loss Limit is calculated using the previous day balance which resets at 5 PM EST. The Daily Stop compounds with the increase in your account. Example: if your prior day's end of day balance (5pm EST) was $100,000, your account would violate the daily stop loss limit if your equity reached $95,000 during the day.
How do you calculate the Maximum Trailing Drawdown?
The Maximum Trailing Drawdown is initially set at 6% and trails (using CLOSED BALANCE - NOT equity) your account until you have achieved a 6% return in your account. Once you have achieved a 6% return the Maximum Trailing Drawdown no longer trails and is permanently locked in at your starting balance.
Can I hold positions over the weekend?
We require all trades to be closed by 3:45pm EST on Friday. Any trades left open after this time will automatically be closed. Note, this is only a soft breach and you will be able to continue trading once the markets reopen.
Is there a breach for inactivity?
Yes. We will consider you inactive and your account will be breached if you do not have any trading activity on your account for 30 consecutive days.
How long does it take to receive my funded account?
Upon passing your Assessment, you will receive an email with instructions on how to access and complete both your 'Know Your Customer' verification and your 'Trader Agreement'. Once both are completed and supporting documentation is provided, your Funded Account will be created, funded and issued to you typically within 24-48 business hours.
Once I pass the Assessment am I provided with a demo or funded account?
Once you pass the Assessment, we provide you with a funded account, backed by our capital. The capital in your funded Account is notional and may not match the amount of capital on deposit with the Liquidity Provider.
Do we manipulate the pricing or executions you receive in your funded account?
No. We do not have any control over pricing from the liquidity provider or on the executions on your trades.
How do I withdraw the gains in my funded account?
Traders can request a withdrawal of the gains in their funded account at any time in their trader dashboard, but no more frequently than once per thirty (30) days. When you are ready to withdraw the gains from your funded account, click the Withdraw Gains button in your trader dashboard and enter the amount to withdraw.
What Countries are accepted?
Subject to compliance with applicable laws and regulations, traders from all countries, excluding OFAC listed countries, can take part in our program, unless otherwise limited at the Company's discretion.
What Platform can I trade on?
Our technology is currently integrated with DXtrade, MatchTrader & cTrader platforms via GooeyTrade.
What products can I trade?
You can trade any products streamed by the Liquidity Provider into the available platforms, as such products may change from time to time. This includes FX pairs and CFD Indices, Commodities, Metals, and Cryptocurrencies.
What is the leverage?
We offer up to 20:1 leverage on Forex and Metals, up to 10:1 leverage on Indices, up to 5:1 leverage on Oil and up to 2:1 leverage on Cryptocurrencies.
Can I use an Automated Strategy?
Subject to our policy on Prohibited Trading as described below, you can trade using an automated strategy.