FAQs
Welcome to our FAQ page! Here you’ll find answers to the most common questions about our services, trading rules, and funded account programs. Whether you’re just getting started or already an experienced trader, this section is designed to help you navigate our platform with confidence.
We’ve organized the FAQs into categories for easy browsing. If you can’t find what you’re looking for, feel free to contact us via email — we’re here to help!
Can I use an Automated Strategy?
Subject to our policy on Prohibited Trading as described below, you can trade using an automated strategy.
How are taxes handled?
When trading a Funded Account for our firm, you are treated as an independent contractor. As a result, you are responsible for any and all taxes on your gains.
"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.
Can I trade during News Events?
Opening a position within 3 minutes before or after a News Event is prohibited. Any traders identified as having opened a position during a News Event are subject to having that position closed and the associated P&L removed from their account, having the leverage on their account reduced or having their account breached altogether. The Company has sole and absolute discretion in determining what constitutes a News Event. This rule is intended to protect the integrity of our program and is not meant to penalize traders who inadvertently trade through a news event.
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.
Do your accounts charge commissions?
“Assessment and Funded accounts receive the same pricing and commissions as charged by our Liquidity Provider to other, self-funded, retail trading
accounts.”
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.
What are the trading hours?
“Trading hours are generally set by the Liquidity Provider, unless set by our rules. We do not have any control over the trading hours. You can see the trading hours for each product by using the following methods:
DXtrade – Right click symbol, select “Instrument Info”
MatchTrader – Click symbol to expand, select “Info”
cTrader – Navigate to Symbol Window, scroll down to see “Market Hours” for selected symbol”
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 leverage?
1 Step plans offer up to 20:1 leverage on Forex and Metals, up to 10:1 leverage on Indices, up to 5:1 leverage on Oil and up to 2:1 leverage on Cryptocurrencies. 2 Step plans can increase max leverage for Forex and Metals to 30:1
How many Assessments and/or Funded accounts may I have active at one time
Evaluation Limits
- You are allowed to take only one evaluation of a specific account size and a specific plan tier at a time across all trading platforms.
- Example: You can have one 100k One Step Plan and one 100k Two Step Plan active simultaneously. However, you cannot have one 100k One Step Plan on DXTrade and another 100k One Step Plan on cTrader, or 2+ 100k 1 Step plans on any combination of platforms.
Maximum Assessment Limits
- A maximum of $1 million in active evaluation plans per person is permitted. This can be composed of multiple assessments, provided that none are the same account size and are within the same Step framework as described above.
Maximum Funded Limits
- A maximum of $1 million in active funded plans per person is permitted.
- If a customer passes multiple assessments and has 2 active funded accounts of the same account size, they will have 2 options:
- Only have one funded account of that size open at a time and wait for the account to be breached before making the other funded account active.
- If no trading has taken place in either account, the customer can opt to combine the 2 accounts into a single account of double the size.
Compounding Limits
- There are no limits on compounding.
- You can start with up to $1 million of initial funding and grow the account to any balance you desire, including $10 million, $20 million, and beyond.
What is the policy on Prohibited Trading Activity?
Prohibited Trading Practices
You are also prohibited from using any trading strategy that is expressly prohibited by the Company or the Liquidity Providers it uses. Such prohibited trading (“Prohibited Trading”) shall include, but not be limited to:
- Exploiting errors or latency in the pricing and/or platform(s) provided by the Liquidity Provider
- Utilizing non-public and/or insider information
- Front-running of trades placed elsewhere
- Trading in any way that jeopardizes the relationship that the Company has with a Liquidity Provider or may result in the canceling of trades
- Trading in any way that creates regulatory issues for the Liquidity Provider
- Utilizing any third-party strategy, off-the-shelf strategy or one marketed to pass challenge accounts
- Utilizing one strategy to pass an assessment and then utilizing a different strategy in a funded account, as determined by the Company in cooperation with Prop Account, LLC at their discretion
- Attempting to arbitrage an assessment account with another account with the Company or any third-party company, as determined by the Company in its sole and absolute discretion
- News Event Trading: Opening a position within 3 minutes before or after a News Event is prohibited. Any traders identified as having opened a position during a News Event are subject to having that position closed and the associated P&L removed from their account, having the leverage on their account reduced or having their account breached altogether. The Company has sole and absolute discretion in determining what constitutes a News Event. This rule is intended to protect the integrity of our program and is not meant to penalize traders who inadvertently trade through a news event.
- No Gambling Permitted: When participating in trading on both Challenge and Funded Accounts, traders are expected to adhere to responsible risk management practices. This includes carefully considering the risks associated with position size, trade duration, and hedging strategies. Taking excessive risks, such as utilizing maximum leverage to open large positions with the hope of reaching profit targets through a single price movement, is strictly prohibited. Please refer to the Terms and Conditions for the full Prohibition of Gambling Practices language.
Enforcement and Consequences
- If the Company detects that your trading constitutes Prohibited Trading, your participation in the program will be terminated and may include forfeiture of any fees paid to the Company.
- Additionally, and before any Trader shall receive a funded account, the trading activity of the Trader under these Terms and Conditions shall be reviewed by both the Company and the Liquidity Provider to determine whether such trading activity constitutes Prohibited Trading. In the case of Prohibited Trading, the Trader shall not receive a funded account.
- Additionally, the Company reserves the right to disallow or block any Trader from participating in the program for any reason, in the Company’s sole and absolute discretion.
- To view all Prohibited Uses, please review our Terms and Conditions here: https://dashboardanalytix.com/client-terms-and-policies/?v=3acf83834396
What Platform can I trade on?
Our technology is currently integrated with DXtrade, MatchTrader & cTrader platforms via GooeyTrader.
What products can I trade?
You can trade any products streamed by the Liquidity Provider into the available platforms, as such products may change from time to time. This includes FX pairs and CFD Indices, Commodities, Metals, and Cryptocurrencies.
Where do I track the progress of my account?
Upon purchasing an Assessment, you will receive access to a trader dashboard where you can monitor your Assessment and Funded Accounts. The dashboard is updated in near real time as we calculate your account metrics. It is your responsibility to monitor your breach levels.
How do you calculate the Daily Loss Limit?
“The Daily Loss Limit is the maximum your account can lose in any given day. Daily Loss Limit is calculated using the previous day balance which resets at 5 PM EST. The Daily Loss limit compounds with the increase in your account.
Example: if your prior day’s end of day balance (5pm EST) was $100,000, your account would violate the daily 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 (5pm 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 Max Drawdown (STATIC)?
“Maximum drawdown is the maximum your account can drawdown before you would hard breach your account. When you open the account, your
Maximum Drawdown is set at a defined % of your starting balance. This % is static and does not trail.”
How do you calculate the Max Drawdown (TRAILING)?
“The Maximum Trailing Drawdown is initially set at a specific % and trails (using CLOSED BALANCE – NOT equity) your account until you have achieved a pre-defined % return in your account. Once you have achieved the % return, the Maximum Trailing Drawdown no longer trails and is permanently locked in at your starting balance.
Example: If your starting balance is $100,000, you can drawdown to $94,000 before you would violate the Maximum Trailing Drawdown rule. Then for example let’s say you take your account to $102,000 in CLOSED BALANCE. This is your new high-water mark, which would mean your new Maximum Trailing Drawdown would be $96,000. Next, let’s say you take your account to $106,000 in CLOSED BALANCE, which would be your new high-water mark. At this point your Maximum Trailing Drawdown would be locked in at your starting balance of $100,000. So, regardless of how high your account goes, you would only breach this rule if your account drew back down to $100,000 (note, you can still violate the daily drawdown). For example, if you take your account to $170,000, as long as you do not drawdown more than 5% in any given day, you would only breach if your account equity reaches
$100,000.”
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.
What is 1 lot equal to on the Trading Platform?
Lot Sizes by Asset Class
- Forex: 1 lot = $100k notional
- Index: 1 lot = 1 Contract
- Exceptions:
- SPX500: 1 lot = 10 contracts
- JPN225: 1 lot = 500 contracts
- Exceptions:
- Cryptos: 1 lot = 1 coin
- Silver: 1 lot = 5000 ounces
- Gold: 1 lot = 100 ounces
- Oil: 1 lot = 100 barrels
What is the difference between a Hard Breach and Soft Breach rule?
- 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.
- Hard breach means that you violated either the Daily Loss Limit or Max Drawdown rule or the Inactivity rule. Violation of these 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.
Can I hold positions over the weekend?
We require all trades to be closed by 3:45pm EST on Friday unless a Weekend Hold add-on has been purchased. Any trades left open after this time will automatically be closed. Note, this is only a soft breach and you will be able to continue trading once the markets reopen. Only Crypto instruments are available for Weekend trading.
Is Copy Trading allowed
“Group trading, signal services, passing services, or any other methods that bypass individual strategy are not allowed. Copy trading from one account to
another is only permitted if the trader owns all the accounts in question.”
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 can still request the withdrawal of 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.”
Am I subject to any position limits?
“The maximum position that you may open is generally determined by your available margin.
We reserve the right to increase the margin requirement, limit the max order size or 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(s) reserve the right to refuse to accept any order.”
"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(s) or on the executions on your
trades.”
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, subject to the applicable payment split. We reserve the right to change the withdrawal methods and options at any time.
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 being enabled.
Once I pass the Assessment am I provided with a demo or live 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.”
When can I withdraw the gains in my Funded Account and how does that affect my Maximum Trailing Drawdown?
Your first withdrawal can be requested at any time. 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, and your max trailing drawdown will lock in at your starting balance. The trailing 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 $12,000 and we would retain $4,000. This would also take the balance of the account down to $104,000, and your Maximum Trailing Drawdown is locked in at $100,000. So, you would have $4,000 maximum you could lose on the account before it would violate the Maximum Trailing Drawdown rule. If you take a full withdrawal of the gains in your Funded Account, the Maximum Trailing Drawdown will lock in at the starting balance and trigger the Maximum Trailing Drawdown breach rule, resulting in the forfeiture of your Funded Account,