Updated June 23, 2024
Minimum 5 trading days to pass
Reach profit target to move to funded account
End of day trailing drawdown. Account balance must be maintained above drawdown limit at anytime.
Do not exceed the maximum number of contracts for each trade
Hitting the daily loss limit closes the account
Must close orders /positions before 4:10 p.m. EST, New York
Failure to rollover contracts leads to disqualification
Free reset of failed account on renewal upon request. Immediate reset for $99 (9k account is $59)
You can cancel evaluation subscription only if done at least one business day prior to renewal.
9k account allows you to trade 5 micro contracts (MNQ, MES or M2K only).
Occasional offers: 30k account: profit target 1500, static drawdown 1000, 2/20 contracts, no daily loss limit, monthly fee $196, activation fee $150, no scaling rule while being funded. 150k account, profit target 7500, static drawdown 5000, 8/60 contracts, daily loss limit 2500, monthly fee $750, activation fee $250, scaling rule <2500 = 1 to 3, 2501-5000 = 4 to 6, >5001 = 7 to 8.
Trading Platform: Ninja Trader (Uprofit recommended). 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.
Caution / Prohibited: Hedging, copy trading (refer Uprofit)
Once you reach your profit target email support for verification
Live funding given after signing agreement and completing W-8BEN /W9 forms
The firms website does not mention whether the drawdown stops trailing after reaching initial account balance (refer Uprofit)
Minimum 1 trade per week
Hitting the daily loss limit closes the funded account
Contracts scaling plan is calculated based on current account balance (table). Exceeding the maximum number of contracts for each trade will lead to account closure.
No resets
Request payout any day by sending an email after 4 winning days (consecutive /non consecutive)
The best day cannot exceed 30% of total profits while requesting a payout
Minimum request $100
Payouts are processed within 24 hours and paid through ACH transfer & Zelle (US); Paypal, international wire transfers or by cryptocurrencies.
Drawdown remains where it was at the time of the payout request (clarify with support)
Traders receive 100% of the first payout up to $15,000 irrespective of the number of accounts and 80% thereafter
If you violate any rule or if you terminate your live account, you would receive 20% of profits with account being closed
Live funding after passing evaluation
End of day drawdown
Request payout any day after 4 winning days