Trading Rules

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

A 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. A 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.

How do you calculate the Daily Loss Limit?

The Daily Loss Limit is the maximum your account can lose in any given day. It is calculated using the previous day’s 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 (5 PM 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 (5 PM EST) max loss is based on your balance from the previous day ($100,000). So, your daily loss limit would still be $95,000.

How do you calculate the Maximum Drawdown?

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 remains active.

Example: If your starting balance is $100,000, you can drawdown to $94,000 before violating the Maximum Drawdown rule. If your balance increases to $102,000 in CLOSED BALANCE, your Maximum Drawdown would remain locked at $94,000. Regardless of how high your account goes, your drawdown will remain the same (note, you can still violate the daily drawdown).

Can I hold positions over the weekend?

Positions can be held over the weekend, although only Crypto allows weekend trading.

What is 1 lot equal to on the Trading Platform?

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.

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.

FUNDED ACCOUNTS | FREQUENTLY ASKED QUESTIONS (FAQ)

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

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. 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.

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.

Who is the counterparty to my trades?

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.

Am I subject to any position limits?

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 Liquidity Provider reserve the right to refuse to accept any order.

What are the rules for the funded account?

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

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

If you have gains in your funded account at the time of a hard breach, you will still receive your portion of those gains. 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 gains in your funded account, you would be paid your portion thereof.

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. 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.

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

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 remain $94,000. So, you would have $10,000 maximum you could lose on the account before it would violate the Maximum Drawdown rule. If you take a full withdrawal of the gains in your Funded Account, the Maximum Drawdown will still remain at $94,000.

OTHER GENERAL QUESTIONS

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

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.

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

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

Where do I track the progress of my account?

Upon purchasing an Assessment, you will receive an email with a link and access instructions to your trader dashboard. Within your dashboard, you can monitor all your accounts. The dashboard is updated in near real time (approximately every 60 seconds).

What platform can I trade on?

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

What products can I trade?

The full list of products you can trade are streamed directly from the Liquidity Provider. These products include all of the available FX pairs, CFD Indices, Commodities, Metals, and Cryptocurrencies. This includes products which may be added or removed by the Liquidity Provider at any time, at their sole discretion.

What is the leverage?

We provide leverage up to 50:1 on Forex and Metals. We provide leverage up to 10:1 on Indices, 5:1 on Oil, and up to 2:1 on Cryptocurrencies.

What are the trading hours?

Trading hours are set by the Liquidity Provider and can be viewed directly within each trading platform.

Do your accounts charge commissions?

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

Can I use automated strategies?

Yes, provided that you comply with our policy on Prohibited Trading.

What is the policy on Prohibited Trading Activity?

Prohibited Trading activity includes (i) exploitation of errors in our systems, software, platforms, data feeds or liquidity provision, including but not limited to latency arbitrage; (ii) using non-public information, including but not limited to front-running of trades; (iii) any activity that puts us at risk or jeopardizes our relationships with Liquidity Providers, including but not limited to the usage of or access to any third-party software programs, trading systems, or strategies that are marketed as being able to “pass” challenge accounts or which are otherwise associated with automated trading, high frequency trading, or scalping; (iv) acting in concert with other traders in order to circumvent the rules of the Program or otherwise engaging in prohibited or fraudulent activity; (v) trading based on third party signals, strategies, or services or other similar activities marketed as able to “pass” challenge accounts, and (vi) any other activity that we may, in our sole discretion, determine to constitute Prohibited Trading activity. Violations of this policy may result in termination from the Program and forfeiture of any fees paid. For full details on Prohibited Trading, please review our Terms and Conditions here.

Can I trade during News Events?

Trading within 3 minutes before or after a News Event is prohibited. Violations can result in trades being removed, leverage reduction, or account breach.

How will I see the charge on my statement?

Charges will appear on your statement under the name dashboardanalytix.com.

How are taxes handled?

As an independent contractor trading a Funded Account, you are responsible for any and all taxes on your gains.

How are affiliates credited?

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