Please read all of the following rules closely to understand the program.
The Maximum Drawdown Limit & Daily Caps
6% 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 6% of the account’s closed balance as of 5:00 pm EST.
5% Daily Loss Limit
The daily loss limit is 5% of the account's balance, as calculated at 5:00 pm EST. If this limit is hit, it's considered a hard breach, and a trader will no longer be able to trade their account.
Account Target
This program has a simulated profit target of 10%. Upon your account's floating equity hitting the target, our system will automatically recognize it as a pass. You will then be able to complete your KYC and Trader Agreement directly in your Trader Dashboard.
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.
Instruments, Simulated Leverage & Commissions
The simulated leverage offered is the following:
FX: 20:1
Metals: 20:1
Indices: 10:1
Commodities: 5:1
Crypto: 2:1
Stocks: 5:1
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 40:1. This will only apply to FX and Metals.
The following max lot size rules apply to our 1-Stage Evaluations (excluding crypto pairs):
$5,000 Evaluation Account = 1 lot with open risk
$10,000 Evaluation Account = 2 lots with open risk
$25,000 Evaluation Account = 5 lots with open risk
$50,000 Evaluation Account = 10 lots with open risk
$100,000 Evaluation Account = 20 lots with open risk
$200,000 Evaluation Account = 40 lots with open risk
Reward Requests
The standard reward is 80% of the simulated gains on your Master Account.
Your drawdown will lock in at your starting balance upon requesting a withdrawal. This allows us to protect firm capital and encourages traders to adopt a long-term mindset and compound their accounts to achieve larger payouts.
Example:
If you've grown your $100,000 account to $110,000 and request a $5000 withdrawal, your maximum drawdown level will lock in at $100,000. This will leave you with $5000 of drawdown room.
Rewards can be processed by Riseworks and can be requested through your Trader Dashboard. There is a $40 processing fee.
Here are the general rules of the 1-Stage Evaluation:
Max Static Drawdown = 6%
Daily Drawdown = 5%
Account Gain Target = 10%
Upgrades available during checkout:
1) 90% performance splits
2) Double leverage (40:1)
3) Weekend holding
4) No stop loss required