Updated July 12, 2024
Minimum 5 trading days to pass
Reach profit target to move to funded account
Accounts with 3 types of drawdown (Static, Intraday live trailing, End of day). Account balance must be maintained above drawdown balance at any time
Do not exceed the maximum number of contracts for each trade
In End of Day drawdown accounts, crossing the daily loss limit closes the account
Must close orders / positions 1 minute before the corresponding market closes (Equity Indices 4:59 p.m. EST, New York), except for Diamond Hands accounts
Should trade contracts with the highest volume and open interest
You can trade during news
Free reset of failed account (not canceled) on renewal. Immediate reset available for $75.
Diamond Hands Accounts: End of day drawdown with daily loss limit. Can hold positions through overnight and weekends.
Fast track accounts (100k, 250k): There are no resets. If you have not reached your profit target in 14 days, you can carry forward your P&L within 5 days into a 1 step evaluation account of the same size and trade for a minimum of 5 additional days.
Static accounts: Drawdown balance is fixed, at 99, 375 for 100k, 148,750 for 150k accounts
Trading Platforms: NinjaTrader free license (Rithmic). CQG: Tradovate, TradingView, Ninja Trader. Supports other Rithmic based platforms such as Quantower. Depth of market (level 2) can be purchased for extra
Account Status: Cancel accounts if you do not want to continue with the evaluation. Archive canceled accounts to remove from the dashboard. Do not archive accounts without canceling them to avoid being charged on renewal date.
Reward points: One point earned for every $ spent. Points can be used for buying resets and evaluations. Point promotions posted are in social media / discord from time to time.
Maximum of 3 funded accounts only. Passed evaluations in excess of 3 funded accounts will be put on hold with the monthly evaluation fees canceled. Only one trader per household.
Caution / Prohibited:Creating multiple logins; not being consistent in sizing or trading of instruments; erratic trading; entering scratch trades (taking position with minimal risk) and deviating from normal trading patterns; adding contracts with or without oversizing to a losing trade; hedging (long and short) in multiple accounts; high frequency trading (higher transaction in a short span); trading for less than 10 seconds; utilizing withdrawal based strategies or taking advantage of simulated environment; gambling practices; using IP misleading practices (VPN, TOR, VPS, or others); letting others trade your account; providing misleading information to KYC / AML (refer Elite)
* Fast Track: No resets, no one time activation fee
* * Monthly funded fee for all accounts $80
Traders are contacted within 72 hours of passing evaluation to get a funded account. Traders will have to sign an agreement within 48 hours of email receipt and pay the activation fee within 30 days.
Monthly funded account activation fee is $80. One-time fee option is also available (see table), except for Fast Track accounts. Monthly fee can be converted to a one-time fee for a discount based on how long you have paid monthly fee.
Fast Track accounts: Monthly funded fee is free for the 1st month (for a 100k account) or 2 months (for a 250k account)
Same rules of drawdown, daily loss limit, closing times and max contracts like in evaluation
Drawdown stops trailing once drawdown balance reaches initial balance plus 100 (column 1). (For example, in a 50k account drawdown trails from 48,000 till it reaches 50,100 after which it stops trailing)
End of day drawdown accounts: When drawdown balance reaches the initial balance plus 100, there will be no daily loss limits, which is determined from the EOD balance of the previous day
Minimum 1 trade per week
One time reset of Elite (not canceled) account is available. Pricing varies. Contact support. Monthly subscription should be canceled if you break Elite funded rules and if you do not want to reset
Payout cycle 1 and 2 consists of 15 active trading days. Payout cycle 3 and beyond consists of 10 active trading days. Payout cycle ends once you make a withdrawal. Traders cannot bypass payout cycle(s). Profits from previous cycle(s) would not be used for the calculation of current cycle. You have to wait for a decision (approved, denied, or delayed) before resuming trading the following day, otherwise you would not get credit for an active trading day for the next payout cycle
To be considered an active trading day, traders must have made $200 in realized profit and any day should be at least 23% of the best trading day
Cut off time for submitting payout is 5 p.m. EST, Tuesday. Payouts are processed on Wednesdays
Minimum withdrawal amount is $100
Maximum payout restrictions apply for the 1st through 3rd payout cycles (column 2). Also, traders cannot withdraw profits from the safety net during 1st through 3rd payout cycles. No restrictions from the 4th payout cycle and onwards
Payouts are made through Riseworks
Traders receive 100% of the first $12,500 and 90% thereafter
To request a payout :
Traders have to accumulate profits in excess of a safety net (drawdown amount plus 100) (column 1)
Traders must have completed ___ active trading days
Best trading day profits should be less than 40% of total profits accumulated for the payout cycle (consistency)
"Request Payout" appears in the dashboard once above conditions are met
If the trader declines, then the sim funded account(s) would be closed and the trader would receive profits excluding safety net (refer Elite).
In live account, there are no consisteny rules, trader starts with fixed liquidation point, can merge or split accounts, get discounted market data and platform fees, market data $128 /calendar month / exchange, commission costs are $2 and $0.62 for minis and micros respectively
In live accounts, payouts are processed daily with no maximum withdrawal cap, and up to 95/5 split
No resets
Traders get an invite to join when:
They are consistent in trading
Maintain consistency after receiving payouts
Pass background check
Have thorough unserstanding of their exchange rules and regulations
Have safety net intact
Traders receive 100% of the first $12,500 and 90% thereafter
Evaluations with multiple drawdown types
Up to 3 funded accounts
