The Maximum Drawdown Limit & Daily Caps
10% 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 10% 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
In Phase 1, the simulated gain target is 8%, and in Phase 2, it is 5%. Upon your account's floating equity hitting the target, our system automatically recognizes it as a pass. Upon passing, you will automatically be able to complete your KYC and sign your Trader Agreement directly in your Trader Dashboard. Upon completion, we will then issue you your Master Account.
News Trading
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: 50:1
Metals: 20:1
Indices: 20:1
Commodities: 5:1
Stocks: 5:1
Crypto: 2:1
There is a 7$ round trip commission per standard lot. Crypto, Indices and Oil are commission-free.
Reward Requests
The standard reward is 80% of the simulated gains on your Master Account. You can purchase an upgrade at checkout to increase your rewards to 90%.
Rewards can be requested every 14 days directly from your Trader Dashboard.
Rewards are processed via Riseworks. There is a $40 processing fee that will be removed from your payout.