Question 1

What are the rules for the Funded Account?

Accepted Answer

The rules for the Funded Account are exactly the same as your Assessment account. However, with a Funded Account, there is no profit target.

Question 2

If I have a hard breach in my Funded Account and there are gains in the account, do I forfeit those gains?

Accepted Answer

Yes. If you have a hard breach in your Funded Account, any accumulated gains in the account will be forfeited unless you have purchased the Payout Protector add-on. See the Add-ons section below for full Payout Protector details.

Question 3

Am I subject to any position limits?

Accepted Answer

The maximum position that you may open is determined by your available margin. We reserve the right to increase the margin requirement, limit the number of open positions you may enter or maintain in the Funded Account at any time, and to revise in response to market conditions the drawdown levels at which trading in the Funded Account will be halted. We or the Broker reserve the right to refuse to accept any order.

Question 4

Do we manipulate the pricing or executions you receive in your Funded Account?

Accepted Answer

No. We do not have any control over pricing from the liquidity provider or on the executions on your trades.

Question 5

How do I withdraw the gains in my Funded Account?

Accepted Answer

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.

Question 6

How Long does it take to receive my Funded Account?

Accepted Answer

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. You will receive a confirmation email once this account is being enabled.

Question 7

Once I pass the Assessment am I provided with a demo or live account?

Accepted Answer

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.

Question 8

When can I withdraw the gains in my Funded Account and how does that affect my Maximum Drawdown?

Accepted Answer

Your first withdrawal can be requested at any time, subject to an 80/20 profit split. Thereafter, you can request a withdrawal of the gains in your account every 30 days. When a withdrawal is approved, we will also withdraw our share of the gains. The drawdown does not reset when you request a withdrawal. Example: You have taken an account from $100,000 to $120,000. You then request a withdrawal of $16,000. In this scenario, you will receive $12,800 and we would retain $3,200. 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 unless you have purchased the add-on to disable it. If you withdraw all of your profits you will violate the Maximum Drawdown rule and lose the account.

Question 9

Who is the counterparty to my trades?

Accepted Answer

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 in the Account. Such trades are executed at prices provided by arm’s length third parties. This framework is intended to ensure you receive real market 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.

Question 10

Can I use an Automated Strategy?

Accepted Answer

Subject to our policy on Prohibited Trading as described below, you can trade using an automated strategy.

Question 11

How are taxes handled?

Accepted Answer

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.

Question 12

How will I see the charge on my Statement?

Accepted Answer

Charges come across in the name of dashboardanalytix.com.

Question 13

What is the minimum age I must be to be part of your program?

Accepted Answer

You must be at least 18 years of age, or the applicable minimum legal age in your country, to purchase an assessment.

Question 14

Can I trade during News Events?

Accepted Answer

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.

Question 15

Do I have to use one of your accounts for the Assessment or can I use my own?

Accepted Answer

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.

Question 16

Do your accounts charge commissions?

Accepted Answer

Funded Accounts receive the same pricing and commissions as charged by our Liquidity Provider to other, self-funded, retail trading accounts.

Question 17

How are affiliates credited?

Accepted Answer

Affiliates are credited for referrals when a user creates an account using a link or discount code provided by the Affiliate.

Question 18

What are the trading hours?

Accepted Answer

Trading hours are generally set by the Liquidity Provider, unless set by our rules. We do not have any control over the trading hours. You can see the trading hours for each product by using the following methods: DXtrade – Right click symbol, select “Instrument Info” MatchTrader – Click symbol to expand, select “Info” cTrader – Navigate to Symbol Window, scroll down to see “Market Hours” for selected symbol

Question 19

What Countries are accepted?

Accepted Answer

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.

Question 20

What is the leverage?

Accepted Answer

We offer up to 50:1 leverage on Forex, up to 5:1 leverage on Gold and other Metals, up to 5:1 leverage on Indices, up to 1:1 leverage on Oil and up to 2:1 leverage on Cryptocurrencies.

Question 21

What is the policy on Prohibited Trading Activity?

Accepted Answer

You are also prohibited from using any trading strategy that is expressly prohibited by the Company or the Liquidity Providers it uses. 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 in cooperation with Prop Account, LLC 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. ●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. ● If the Company detects that your trading constitutes Prohibited Trading, your participation in the program will be terminated and may include forfeiture of any fees paid to the Company. Additionally, and before any Trader shall receive a Funded Account, the trading activity of the Trader under these Terms and Conditions shall be reviewed by both the Company and the Liquidity Provider to determine whether such trading activity constitutes Prohibited Trading. In the case of Prohibited Trading, the Trader shall not receive a Funded Account. ● Additionally, the Company reserves the right to disallow or block any Trader from participating in the program for any reason, in the Company’s sole and absolute discretion. To view all Prohibited Uses, please review our Terms and Conditions here: https://dashboardanalytix.com/client-terms-and-policies/?v=3acf83834396

Question 22

What Platform can I trade on?

Accepted Answer

Our technology is currently integrated with DXtrade, MatchTrader & cTrader platforms via GooeyTrade.

Question 23

What products can I trade?

Accepted Answer

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.

Question 24

Where do I track the progress of my account?

Accepted Answer

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.

Question 25

How many Assessments and/or Funded accounts may I have active at one time?

Accepted Answer

There is one limit, the Maximum Allocation Limit. The combined stated value of all your active accounts, assessment and funded together, may not exceed $1,000,000. Within that, you can hold any mix of plans at the same time, including Instant, 1-Step and 2-Step, in either assessment or funded stage. For example, you could run a 1-Step $50,000 plan alongside an Instant $50,000 plan, or a 1-Step $50,000 plan alongside a 2-Step $50,000 plan. The limit applies across all accounts associated with you, regardless of the number or combination of plans.

Question 26

How do you calculate the Daily Loss Limit?

Accepted Answer

The Daily Loss Limit is the maximum amount an account may lose in a single trading day. This limit resets each day at 5:00 PM EST. The Daily Loss Limit is calculated using the greater of the prior day’s end of day balance, which includes closed P&L only, or the prior day’s end of day equity, which includes both balance and any open P&L. This approach ensures that unrealized gains at the end of the trading day are properly reflected when determining the allowable loss for the following session. If a trader finishes the day with open positions that are in profit, the account equity will be higher than the balance, and equity will be used to calculate the Daily Loss Limit. If a trader finishes the day with no open positions, balance and equity are the same, and the balance will be used. If a trader finishes the day with open positions that are in a loss, equity will be lower than balance, and the balance will be used. Example: A trader has a $100,000 account with a 5 percent Daily Loss Limit. At the 5:00 PM EST reset, the account balance is $100,000 and there are open positions in profit, resulting in account equity of $102,000. Because the equity is higher than the balance, the Daily Loss Limit is calculated using the $102,000 equity value. Five percent of $102,000 is $5,100, meaning the account will violate the Daily Loss Limit if intraday equity reaches $96,900 at any point during the next trading day. If the trader had no open positions, or open positions that were in a loss, the Daily Loss Limit would instead be based on the $100,000 balance, resulting in a breach level of $95,000.

Question 27

How do you calculate the Max Drawdown (STATIC)?

Accepted Answer

The Maximum Drawdown is initially set at 6% and is static (using CLOSED BALANCE) and will therefore remain at the same value for as long as the account will remain active. Example: If your starting balance is $100,000, you can drawdown to $94,000 before you would violate the Maximum Drawdown rule. Then for example let's say you take your account to $102,000 in CLOSED BALANCE, your Maximum Drawdown would remain locked at $94,000. So, regardless of how high your account goes, your drawdown will remain the same (note, you can still violate the daily drawdown). **All plans will have “Lock Upon Payout” enabled by default. However, traders can elect to purchase an add-on for 25% of the purchase price to disable this feature. Example: using the “Lock Upon Payout” default A trader has a $100,000 account and grows the balance to $110,000. When the trader's payout request is approved, the maximum drawdown becomes permanently locked at the original starting balance of $100,000. From that point forward, the account balance may not fall below $100,000. If it does, the account will be considered breached.

Question 28

Is there a breach for inactivity?

Accepted Answer

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.

Question 29

What is 1 lot equal to on the Trading Platform?

Accepted Answer

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

Question 30

What is the difference between a Hard Breach and Soft Breach rule?

Accepted Answer

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 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.

Question 31

Can I hold positions over the weekend?

Accepted Answer

Positions can be held over the weekend

Question 32

What is the Payout Protector add-on?

Accepted Answer

Payout Protector is an optional add-on that secures your eligible profit share. If you hard-breach a funded account, your accrued eligible profit share is preserved and payable rather than forfeited, provided all other withdrawal conditions are met and the account is not otherwise in violation of our Terms and Conditions. It does not prevent the breach: the account still closes. Example: on a $100,000 funded account with $8,000 in gains at the time of a breach, without Payout Protector the $8,000 is forfeited; with it, the account still closes but you receive your share of the $8,000. Protected gains must be withdrawn within 60 days of the profit's settlement date, or the protected balance is forfeited.

Question 33

What is the Drawdown Lock Removal add-on?

Accepted Answer

By default, when your payout request is approved, the maximum drawdown locks at the account's initial starting balance. This add-on removes that lock, letting you keep your standard drawdown buffer after a withdrawal.

Question 34

What is the BOGO Account Replacement add-on?

Accepted Answer

By selecting this add-on, traders qualify for a one-time replacement account under the following conditions: ● The trader must successfully complete the evaluation phase. ● Transition to a funded account. ● Process their initial payout. If a rule breach occurs after these milestones have been met, one replacement evaluation account of the same challenge type and account size will be issued at no additional cost. The replacement is a single account, not an indefinite benefit, and the same type and size as the breached account.

Question 35

What is the 90% Profit Split Upgrade add-on?

Accepted Answer

This optional add-on elevates your payout ratio, allowing you to keep 90% of your generated profits on your funded account instead of the standard 80%.

Question 36

What is the Instant Funding Plan?

Accepted Answer

The Instant Funding Plan allows traders to start with a fully Funded Account without needing to complete an assessment phase.

Question 37

Can I use an Automated Strategy?

Accepted Answer

Subject to our policy on Prohibited Trading as described below, you can trade using an automated strategy.

Question 38

How are taxes handled?

Accepted Answer

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.

Question 39

How will I see the charge on my Statement?

Accepted Answer

Charges come across in the name of dashboardanalytix.com.

Question 40

What is the minimum age I must be to be part of your program?

Accepted Answer

You must be at least 18 years of age, or the applicable minimum legal age in your country, to purchase an Instant Funding account.

Question 41

Do your accounts charge commissions?

Accepted Answer

Instant Funded Accounts receive the same pricing and commissions as charged by our Liquidity Provider to other, self-funded, retail trading accounts.

Question 42

How are affiliates credited?

Accepted Answer

Affiliates are credited for referrals when a user creates an account using a link or discount code provided by the Affiliate.

Question 43

What are the trading hours?

Accepted Answer

Trading hours are generally set by the Liquidity Provider, unless set by our rules. We do not have any control over the trading hours. You can see the trading hours for each product by using the following methods: DXtrade – Right click symbol, select “Instrument Info” MatchTrader – Click symbol to expand, select “Info” cTrader – Navigate to Symbol Window, scroll down to see “Market Hours” for selected symbol

Question 44

What Countries are accepted?

Accepted Answer

Subject to compliance with applicable laws and regulations, traders from all other countries, excluding OFAC listed countries, can take part in our program, unless otherwise limited at the Company’s discretion.

Question 45

How many Instant Funded Accounts may I have active at one time?

Accepted Answer

The same single Maximum Allocation Limit applies. The combined stated value of all your active accounts, assessment and funded together, may not exceed $1,000,000, and you can hold any mix of plans within that, including Instant, 1-Step and 2-Step. There is no separate Instant-only limit.

Question 46

What is the leverage?

Accepted Answer

We offer up to 50:1 leverage on Forex, up to 5:1 leverage on Gold and other Metals, up to 5:1 leverage on Indices, up to 1:1 leverage on Oil and up to 2:1 leverage on Cryptocurrencies.

Question 47

What Platform can I trade on?

Accepted Answer

Our technology is currently integrated with DXtrade, MatchTrader & cTrader platforms via GooeyTrade.

Question 48

What products can I trade?

Accepted Answer

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.

Question 49

Where do I track the progress of my account?

Accepted Answer

Upon purchasing an Instant Funding Plan, you will receive access to a trader dashboard where you can monitor your Instant Funded Account. The dashboard is updated in near real time as we calculate your account metrics. It is your responsibility to monitor your breach levels.

Question 50

What brokers/liquidity providers do you use?

Accepted Answer

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 trading platform.

Question 51

Do I need to complete KYC or sign a trader contract to start trading in an Instant Funding Plan?

Accepted Answer

A Trading contract and KYC are both required, however to start trading using our Instant Funding Plan, these steps won’t need to be completed until you request a withdrawal.

Question 52

What happens if I do not pass KYC?

Accepted Answer

If you fail to pass the KYC process when requesting a withdrawal, the withdrawal will be rejected, your gains forfeited, and your account closed. We strongly encourage you to ensure you meet KYC requirements before choosing the Instant Funding Plan.

Question 53

How do I withdraw the gains in my Instant Funded Account?

Accepted Answer

Traders can request a withdrawal of the profits in their Funded Account through their trader dashboard at any time. However, withdrawals are limited to one request every 30 days. The minimum withdrawal amount is the greater of $100 or 1% of the account's starting balance. When a withdrawal is approved, we will also withdraw our share of the gains, and your max trailing drawdown will lock in at your starting balance. The trailing drawdown does not reset when you request a withdrawal. Example: You have taken an account from $100,000 to $120,000. You then request a withdrawal of $16,000. In this scenario, you will receive $12,000 and we would retain $4,000. This would also take the balance of the account down to $104,000, and your Maximum Trailing Drawdown is locked in at $100,000. So, you would have $4,000 maximum you could lose on the account before it would violate the Maximum Trailing Drawdown rule. If you take a full withdrawal of the gains in your Funded Account, the Maximum Trailing Drawdown will lock in at the starting balance and trigger the Maximum Trailing Drawdown breach rule, resulting in the forfeiture of your Funded Account.

Question 54

If I have a hard breach in my Funded Account and there are gains in the account, do I forfeit those gains?

Accepted Answer

Yes. If you have a hard breach in your Funded Account, any accumulated gains in the account will be forfeited unless you have purchased the Payout Protector add-on. See the Add-ons section below for full Payout Protector details.

Question 55

Am I subject to any position limits?

Accepted Answer

The maximum position that you may open is generally determined by your available margin. We reserve the right to increase the margin requirement, limit the max order size or limit the number of open positions you may enter or maintain in the Funded Account at any time, and to revise in response to market conditions the drawdown levels at which trading in the Funded Account will be halted. We or the liquidity provider(s) reserve the right to refuse to accept any order.

Question 56

Do we manipulate the pricing or executions you receive in your Funded Account?

Accepted Answer

No. We do not have any control over pricing from the liquidity provider(s) or on the executions on your trades.

Question 57

Who is the counterparty to my trades?

Accepted Answer

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 in the Account. Such trades are executed at prices provided by arm’s length third parties. This framework is intended to ensure you receive real market 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.

Question 58

Can I trade during News Events?

Accepted Answer

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.

Question 59

What is the policy on Prohibited Trading Activity?

Accepted Answer

You are also prohibited from using any trading strategy that is expressly prohibited by the Company or the Liquidity Providers it uses. 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 in cooperation with Prop Account, LLC at their discretion ● Attempting to arbitrage an assessment or Funded Account with another account with the Company or any third-party company, as determined by the Company in its sole and absolute discretion. ●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. ●No Gambling Permitted : When participating in trading on both Challenge and Instant Funded Accounts, traders are expected to adhere to responsible risk management practices. This includes carefully considering the risks associated with position size, trade duration, and hedging strategies. Taking excessive risks, such as utilizing maximum leverage to open large positions with the hope of reaching profit targets through a single price movement, is strictly prohibited. Please refer to the Terms and Conditions for the full Prohibition of Gambling Practices language. ● If the Company detects that your trading constitutes Prohibited Trading, your participation in the program will be terminated and may include forfeiture of any fees paid to the Company. Additionally, and before any Trader shall receive a Funded Account, the trading activity of the Trader under these Terms and Conditions shall be reviewed by both the Company and the Liquidity Provider to determine whether such trading activity constitutes Prohibited Trading. In the case of Prohibited Trading, the Trader shall not receive a Funded Account. ● Additionally, the Company reserves the right to disallow or block any Trader from participating in the program for any reason, in the Company’s sole and absolute discretion. To view all Prohibited Uses, please review our Terms and Conditions here, https://dashboardanalytix.com/client-terms-and-policies/?v=3acf83834396

Question 60

How do you calculate the Daily Loss Limit?

Accepted Answer

The Daily Loss Limit is the maximum amount an account may lose in a single trading day. This limit resets each day at 5:00 PM EST and is calculated the same way on Instant Funding as on the 1-Step and 2-Step plans: using the greater of the prior day's end of day balance, which includes closed P&L only, or the prior day's end of day equity, which includes both balance and any open P&L. If a trader finishes the day with open positions in profit, equity is higher than balance, and equity is used to calculate the Daily Loss Limit. If a trader finishes the day with no open positions, balance and equity are the same, and the balance is used. If a trader finishes the day with open positions in a loss, equity is lower than balance, and the balance is used. Example: a trader has a $100,000 account with a 5 percent Daily Loss Limit. At the 5:00 PM EST reset the balance is $100,000 and open positions in profit make the equity $102,000. Because equity is higher, the Daily Loss Limit uses $102,000, so 5 percent is $5,100 and the account breaches if intraday equity reaches $96,900 the next day. With no open positions, or positions in a loss, the limit is based on the $100,000 balance, giving a breach level of $95,000.

Question 61

How do you calculate the Trailing Max Drawdown?

Accepted Answer

For Instant Funding plans that use a Trailing Max Drawdown, the Maximum Trailing Drawdown is initially set at 8% and trails (using CLOSED BALANCE - NOT equity) your account until you have achieved a pre-defined % return in your account. Once you have achieved the % return, the Maximum Trailing Drawdown no longer trails and is permanently locked in at your starting balance. Example: If your starting balance is $100,000, you can drawdown to $92,000 before you would violate the Maximum Trailing Drawdown rule. Then for example let's say you take your account to $102,000 in CLOSED BALANCE. This is your new high-water mark, which would mean your new Maximum Trailing Drawdown would be $94,000. Next, let's say you take your account to $108,000 in CLOSED BALANCE, which would be your new high-water mark. At this point your Maximum Trailing Drawdown would be locked in at your starting balance of $100,000. So, regardless of how high your account goes, you would only breach this rule if your account drew back down to $100,000 (note, you can still violate the daily drawdown). For example, if you take your account to $170,000, as long as you do not drawdown more than 5% in any given day, you would only breach if your account equity reaches $100,000.

Question 62

Is there a breach for inactivity?

Accepted Answer

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.

Question 63

What is 1 lot equal to on the Trading Platform?

Accepted Answer

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

Question 64

What is the difference between a Hard Breach and Soft Breach rule?

Accepted Answer

● 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.

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General Questions

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