We have risk management software that is synced with the accounts we create. This allows us to analyse your performance in real time for achievements or rule violations. As such, you must use an account that we provide to you.
FAQ Category: Trading
For all trading account and activities based enquiries.
If I have a hard breach in my Funded account and there are profits, do I forfeit those profits?
If you have profits in your Funded account at the time of a hard breach, you are not entitled to the profits.
If the add-on: “Performance Protect” was bought for the account, then even if the account was breached, you can still withdraw the profits and will also be eligible for refund if it’s the first withdrawal ( valid for 1,2,3 Phase challenges)
For example, if you have a $100,000 account and you grow that account to $110,000. Should you then have a hard breach, we would close the account. Of the $10,000 in profits, you would be able to place the payout request for your full profit. You will get the 80% portion ($8,000) or 90% ($9,000 if you purchased the add-on for ” Increase Performance Split” at the checkout.
Once I pass the Assessment am I provided with a demo or live account?
Once you pass the Assessment, we provide you with a live account.
Is there a breach for inactivity?
Yes. If you do not place a trade at least once every 60 days on your account, we will consider you inactive and your account will be breached.
How do you calculate the Max Trailing Drawdown? (1 & 2 [Standard] Phase)
Maximum Trailing drawdown is the maximum your account can drawdown before you would hard breach your account. When you open the account (1 Phase), your Max Trailing Drawdown is set at 6% of your starting balance. This 6% trails your High Water Mark ( based on closed balance) until you reach 6% profits in your account. Once you have achieved 6% in your account the max trailing locks in at your starting balance, and no longer trails your account.
Please see below different scenarios:
Please note that the max drawdown for 2 Phase (Standard) challenges is 10%, the below examples are for 1 Phase.
Example 1: If you start with a $100,000 account your max overall loss will be set at 6% ($6,000). This means that your account should not go below $94,000 in equity at any given time you will be in violation.
Example 2: If your account balance reaches $105,000, your max drawdown will be set at $105,000 – $6,000 = $99,000. This means your account should not go below $99,000 in equity or balance at any given time.
Example 3: If your account balance reaches anything above $106,000, your max trailing drawdown will be locked in at $100,000. This means your account should never go below $100,000 in equity or balance at any given time.
Example 4: If your account balance reaches $110,000, your max trailing drawdown will still be locked in at $100,000, giving you a 10% overall drawdown amount on the account.
Example 5: If your account balance $106,000, your max trailing drawdown will still be locked in at $100,000. This means if the following day you drawdown to 102,000. Your max trailing drawdown will still be at $100,000.
Further, please note, that upon payout the MAX Drawdown will stop trailing and will lock at the initial balance. For more information, you can access THIS FAQ
