Capital Meets Skill

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

Subject to our policy on Prohibited Trading as described below, you can trade using an automated strategy.

The Daily Loss Limit is the maximum amount an account may lose in a single trading day. This limit resets each day at 5:00 PM EST. The Daily Loss Limit is calculated using the greater of the prior day’s end of day balance, which includes closed P&L only, or the prior day’s end of day equity, which includes both balance and any open P&L. This approach ensures that unrealized gains at the end of the trading day are properly reflected when determining the allowable loss for the following session.

If a trader finishes the day with open positions that are in profit, the account equity will be higher than the balance, and equity will be used to calculate the Daily Loss Limit. If a trader finishes the day with no open positions, balance and equity are the same, and the balance will be used. If a trader finishes the day with open positions that are in a loss, equity will be lower than balance, and the balance will be used.

Example: A trader has a $100,000 account with a 5 percent Daily Loss Limit. At the 5:00 PM EST reset, the account balance is $100,000 and there are open positions in profit, resulting in account equity of $102,000. Because the equity is higher than the balance, the Daily Loss Limit is calculated using the $102,000 equity value. Five percent of $102,000 is $5,100, meaning the account will violate the Daily Loss Limit if intraday equity reaches $96,900 at any point during the next trading day. If the trader had no open positions, or open positions that were in a loss, the Daily Loss Limit would instead be based on the $100,000 balance, resulting in a breach level of $95,000.

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 will remain active.

Example: If your starting balance is $100,000, you can drawdown to $94,000 before you would violate the Maximum Drawdown rule. Then for example let's say you take your account to $102,000 in CLOSED BALANCE, your Maximum Drawdown would remain locked at $94,000. So, regardless of how high your account goes, your drawdown will remain the same (note, you can still violate the daily drawdown).

All plans will have “Lock Upon Payout” enabled by default. However, traders can elect to purchase an add-on for 25% of the purchase price to disable this feature.

Example: using the “Lock Upon Payout” default

A trader has a $100,000 account and grows the balance to $110,000. When the trader submits a payout request, the maximum drawdown becomes permanently locked at the original starting balance of $100,000. From that point forward, the account balance may not fall below $100,000. If it does, the account will be considered breached.

Yes. If you have a hard breach in your funded account, any accumulated gains in the account will be forfeited unless you have purchased the Payout Protector add-on. Please review the FAQs for additional details.

Payout Protector is an optional add-on that enables you to still receive a payout on any gains in your account, despite the fact that you breached your account, provided all other conditions for a withdrawal are met and your account is not otherwise in violation of our Terms and Conditions.

Example:

Assume you are trading a $100,000 Funded account and have generated $8,000 in gains at the time you breach your account.

Without Payout Protector, the account would be closed and the $8,000 would be forfeited.

With Payout Protector, the account would still be closed due to the breach, but you would still receive your portion of the $8,000 gain made in the account.

No. The account will still be considered breached if a rule violation occurs. Payout Protector does not remove or alter risk parameters. It only protects your gain from being forfeited in the event of an account breach.

No. It is entirely optional and must be selected at the time of purchase.