Please read all of the following rules closely to understand the program.
The Maximum Drawdown Limit & Daily Caps
8% Max Static Drawdown Limit
The Maximum Loss Limit is a threshold preventing an account’s equity or balance from falling below a certain point. It is calculated as 8% of the account’s closed balance as of 5:00 pm EST.
3% Daily Loss & Gain Cap
The daily loss and gain cap is set to 3% of the account's balance, as calculated at 5:00 pm EST. If this limit is hit, it's considered a soft breach and a trader can continue using the account once the limit resets at 5:00 pm EST. For example, if a 3% gain is made at 1:00 pm EST, trading will be deactivated for 4 hours until 5:00 pm EST.
Account Target
In Phase 1, the simulated gain target is 8% and 5% for Phase 2. Upon your account's floating equity hitting the target, our system automatically recognizes it as a pass. Within 48 business hours of passing Phase 2, we will send your KYC documents. Upon completion, we will then issue you your Master Account.
News Trading & Lot Size Limits
We currently don't have any restrictions surrounding news events. However, please refer to our All-or-Nothing prohibited trading strategy and ensure that you're remaining risk-managed at all times.
There is no hard set lot size limit. A trader is restricted solely based on their available leverage.
Instruments, Simulated Leverage & Commissions
The simulated leverage offered is the following:
FX: 15:1
Metals: 15:1
Indices & Energies: 15:1
Crypto: 2:1
There is a 7$ round trip commission per standard lot. Crypto, Indices and Oil are commission-free.
There is an option during checkout to double your leverage to 30:1. This will only apply to FX and Metals.
Reward Requests
The standard reward is 80% of the simulated gains on your Master Account.
We offer the first payout on-demand. This means that you can request your first reward whenever you would like. All subsequent rewards can be requested every 30 days, with a $100 minimum.
Rewards can be processed by Riseworks and can be requested through your Trader Dashboard.