FAQ Trading Rules

Trading Rules

TRADING RULES

1. 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. If your floating equity is +$5,000 on a $100,000 account, your new-day (5pm EST) max loss is based on your balance from the previous day ($100,000). So, your daily loss limit would still be $95,000.

2. How do you calculate the Max Drawdown (STATIC)?

Maximum drawdown is the maximum your account can drawdown before you would hard breach your account. When you open the account, your Maximum Drawdown is set at a defined % of your starting balance. This % is static and does not trail.

3. 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.

4. What is 1 lot equal to on the Trading Platform?

· Forex - 1 lot = $100k notional 
· Index - 1 lot = 1 Contracts  

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

5. 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 Funded Account.
· Hard breach means that you violated either the Daily Loss Limit or Max Drawdown rule or the Inactivity rule. Violation of these rules constitute a hard breach. In the event you have a hard breach, you will have your Funded Account taken away.

6. Can I hold positions over the weekend?

Positions can be held over the weekend.