General
A breach can mean that you violated the Max DrawDown or Daily DrawDown rule. In the event you have a breach, you will fail the Assessment or have your Funded Account taken away.
A breach can also mean that you have violated the inactivity rule which means that there was no trading activity on your account for 30 consecutive days.
Upon passing your Assessment, you will receive an email with instructions.
You will need to accept the "Trader Agreement" also provide documents and complete our KYC verification.
Once you are done with both your Funded Account will be created, funded and issued to you typically within 24-48 business hours.
You will receive a confirmation email once this account is being enabled.
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.
A Funded Account is notionally funded when actual funds in the account (i.e., the equity in a Funded Account represented by the amount of capital) differs from the nominal account size (i.e., the size of the Funded Account that establishes the initial account value and level of trading).
Notional funds are the difference between nominal account size and actual capital in a Funded Account.
Use of notional funding does not impact your trading conditions in any way.
No. We do not have any control over the pricing or the executions of your trades.
These are directly from our liquidity providers.
We are using a Hybrid execution model. We use multiple Tier1 Liquidity Providers however for purposes of managing risk and minimizing transaction costs, we may offset or negate market risk and act as the direct counterparty to certain trades initiated on the Account.
Such trades are executed at prices provided by the Liquidity Providers.
This framework is intended to ensure you receive real market pricing and best execution on your trades, while simultaneously allowing us to manage risk dynamically by routing existing positions or future orders to third parties for execution as we deem appropriate.
We believe that such real market execution and dynamic risk management would not be possible or as cost-effective if trades were executed in simulated accounts.
Regardless of whether we act as counterparty to your trades, the gain or loss on your funded account is not calculated differently.
However, when we act as the counterparty to your trades, there is an inherent potential conflict of interest because your trades do not result in net gain or loss to us, as your trades would if we were not the direct counterparty.
The maximum position that you may open is determined by your available margin.
We reserve the right to increase the margin requirement, amend the leverage ratio limits, or limit the number of open positions you may enter or maintain in a Funded Account at any time, without prior notice.
We may revise, in response to market conditions, the DrawDown levels at which trading in the funded account will be halted.
We or the Liquidity Provider reserve the right to refuse to accept any order.
The rules for the funded account are exactly the same as your Assessment account. However, with a funded account, there is no profit target.
YES!
If you have purchased the Payout Protector add-on, and you have gains in your funded account at the time of a breach, you will still receive your portion of those gains.
For example, if you have $10,000 in gains in your funded account after the breach, you would be paid your portion thereof.
Payout Protector is an optional add-on that enables you to still receive a payout on any gains in your account, despite the fact that you breached your account (provided all other Terms and Conditions).
Example:
Assume you are trading a $100,000 Funded account and have generated $8,000 in gains at the time you breach your account.
Without Payout Protector, the account would be closed and the $8,000 would be forfeited.
With Payout Protector, the account would still be closed due to the breach, but you would still receive your portion of the $8,000 gain made in the account.
No. The account will still be considered breached if a rule violation occurs. Payout Protector does not remove or alter risk parameters. It only protects your gain from being forfeited in the event of an account breach.
No. It is entirely optional and must be selected at the time of purchase.
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. So, if you make gain in your funded account, you can request a withdrawal. When you are ready to withdraw the gains from your funded account, click the Withdraw Profits button in your trader dashboard and enter the amount to withdraw. All such gains are distributed via the available outbound payment solutions offered from time to time. Once your withdrawal request is approved, we will pay the monies owed to you. We reserve the right to change the withdrawal methods and options at any time.
Example: You have taken an account from $100,000 to $120,000. You then request a withdrawal of $16,000 where the profit split is 90/10. In this scenario, you will receive $14,400 and we would retain $1,600. This would also take the balance of the account down to $104,000, and your Maximum DrawDown will lock at the starting balance of the account (at $100,000 in this example) unless you have purchased the add-on to disable the “Lock Upon Payout” feature. If you withdraw all of your profits you will violate the Maximum DrawDown rule and lose the account.
We do not allow any trading strategy that is expressly prohibited by our Liquidity Providers.
Such prohibited trading ("Prohibited Trading") shall include, but not be limited to:
● Exploiting errors or latency in the pricing and/or platform(s) provided by the Liquidity Provider
● Utilizing non-public and/or insider information
● Front-running of trades placed elsewhere
● Trading in any way that jeopardizes the relationship that the Company has with a Liquidity Provider or may result in the canceling of trades
● Trading in any way that creates regulatory issues for the Liquidity Provider
● Utilizing any third-party strategy, off-the-shelf strategy or one marketed to pass challenge accounts
● Utilizing one strategy to pass an assessment and then utilizing a different strategy in a funded account, as determined by the Company at their discretion.
● Attempting to arbitrage an assessment account with another account with the Company or any third-party company, as determined by the Company in its sole and absolute discretion.
Prohibition of Gambling Practices:
Engaging in inappropriate risk management practices, such as gambling, "all-in" trading, or excessively leveraging positions, is strictly prohibited.
Copy Trading:
Copy trading from one account to another is only permitted if the trader owns all the accounts in question.
Group trading, signal services, passing services, or any other methods that bypass individual strategy are not allowed.
Engaging in trades that mirror or closely align with another trader or group of traders across multiple accounts is strictly prohibited.
Using automated trading systems (EAs) or third-party trading strategies that facilitate copy trading is strictly prohibited.
Copy trading from one account to another is only permitted if the trader owns all the accounts in question.
Group trading, signal services, passing services, or any other methods that bypass individual strategy are not allowed.
Engaging in trades that mirror or closely align with another trader or group of traders across multiple accounts is strictly prohibited.
Using automated trading systems (EAs) or third-party trading strategies that facilitate copy trading is strictly prohibited.
Opening a 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.
We have risk management software that is synced with the accounts we create. This allows us to analyze your performance in real time for achievements or rule violations. As such, you must use an account that we provide to you.
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.
You must be at least 18 years of age, or the applicable minimum legal age in your country, to purchase an assessment.
Upon purchasing an Assessment, you will receive access to a trader dashboard where you can monitor your Assessment and Funded Accounts. The dashboard is updated every time we calculate metrics, which occurs roughly every 60 seconds. It is your responsibility to monitor your breach levels.
When trading a Funded Account for our firm, you are treated as an independent contractor. As a result, you are responsible for any and all taxes on your gains.
Affiliates are credited for referrals when a user creates an account using a link or discount code provided by the Affiliate.
There are ONLY 4 ways an account can be lost:
1.) Violating the Max Daily Stop Rule.
2.) Exceeding the Max Loss Rule.
3.) Inactivity: Not opening or closing a trade for a continuous period of 30 days.
4.) Prohibited Practices: Accounts may be removed from the program if an individual is found to be engaging in activities deemed prohibited.