Updated July 7, 2024
Two phased evaluation (evaluation & BluLive)
Two types of accounts - live trailing drawdown and static accounts
Minimum 8 trading days to pass live trailing drawdown accounts with a 30% consistency. The drawdown trails with your realized and unrealized P&L. Crossing the daily loss limit closes the account.
Minimum 3 trading days to pass static drawdown accounts with a 40% consistency. The drawdown is fixed and does not trail the account balance.
Account balance must be maintained above drawdown balance at any time.
Do not exceed the maximum number of contracts for each trade. System may reject excess contracts
Consistency: Do not exceed the per day profit target. If for example, you exceed by $100 for any given day, then the overall profit target increases by $100. You will not lose your account if you make more money.
Must close orders /positions before 4:45 p.m. EST, New York. System may liquidate all open positions after that time, but there is no guarantee on this.
You can trade during news
Reach profit target to move to BluLive account.
Free reset of failed account on renewal. Immediate reset for $85
50% off TraderVue for 6 months.
Trading Platform: Free license for Ninja Trader or Tradovate (TradingView). Other platforms compatible with Rithmic data feed can be used.
Commission costs for minis and micros are $1.99 and $0.51 each way respectively in Rithmic connections.
Maximum 2 accounts (evaluation / BluLive / funded). Copy trading allowed within these accounts. Exception: 100k account (only 1 account, no copy trading)
Caution / Prohibited: Hedging (short and long) between accounts.
There is no daily loss limit
Same drawdown rules like evaluation. Account balance must be maintained above drawdown balance at any time like in evaluation.
Reach the same profit target as in evaluation (see table). But with 100k and 200k the profit targets are lesser at 3500 and 3000 respectively.
In static accounts you get access to double the size of max contracts than in evaluation.
No resets
Drawdown changes to static drawdown when you reach your profit targets in BluLive. The profit targets accumulated in BluLive is moved to live funded account and becomes your starting balance (see table)
Clear KYC and AML. Sign agreements with brokerage. Accounts created in 1 to 3 business days.
Brokerage data fees. For Tradovate it is $135 / exchange / calendar month. For Rithmic, the first month is free, after which the data fee is deducted from your account.
No resets
Free 1 on 1 coaching
Can request access to get more contracts when you fulfill their criteria. With static accounts you can get access up to 20-30 minis.
Request payout anyday but ensure the account balance is above minimum static drawdown balance after withdrawal (see table) .
Payouts requested before 12 pm EST are processed the same day
No maximum withdrawal limits
Minimum withdrawal is $250
Payouts made through ACH / Bank wire
90% of profits to traders
200k static drawdown account with no daily loss limit
Live funding after passing evaluation and BluLive
Static drawdown in live account from the start
No restrictions on payout frequency / amount
