Pro Account (PRO) Additional Info
Detailed rules and requirements for Performance Account (PRO) traders. Members only.
1. Hedging & One Direction
No Hedging
Holding both long and short positions simultaneously on the same or correlated instrument is strictly prohibited.
For example, the trader cannot be short NQ and Long ES under any circumstance.
One Direction
Traders are only allowed to hold a position in one direction at any time—either long or short. No Hedging: Holding both long and short positions simultaneously on the same or correlated instrument.
2. 30% Negative P&L Rule
The 30% Negative Profit and Loss (P&L) Rule limits the loss a trader can incur on any single trade, providing a structured approach to risk management. The live, unrealized, open negative P&L cannot exceed 30% of the account's profit balance at the start of the day on a per-trade basis.
- No single trading day can account for more than 30% of the total profit balance.
- At any point, your open negative P&L should not surpass 30% of your start-of-day profit.
- Losses: Open trades should not exceed a 30% negative drawdown from the account's profit balance.
Example:
For a $50,000 account, if the profit balance is $4,000, a trader should not allow a drawdown exceeding $1,200.
For accounts that are new or have low profits, the 30% rule is based on the trailing threshold (e.g., 30% of $2,500 on a $50,000 account would be $750).
Adjustment Based on Growth:
If the end-of-day profit balance doubles the safety net, traders may use a 50% starting with the next full trading session.
Example: For a $50,000 account, if you accumulate $2,600 in profit and pass the safety net, your risk is calculated based on 30% of that $2,600. If your profits rise to $5,200, your drawdown allowance can increase to $2,600 (50% of $5,200).
Monitor your trades and adjust your positions as needed to stay within these limits.
If your drawdown momentarily exceeds 30% repeatedly or significant breaches could lead to account restrictions. Stay in compliance with the 30% negative P&L rule.
3. Contract Scaling Rule
To promote disciplined growth, the Contract Scaling rule governs how you manage contract sizes.
- Initial Limit: Traders are restricted to trading half of their maximum allowed contracts until they reach the trailing threshold stop.
- Threshold Reached: Once the account's End-of-Day (EOD) balance exceeds the trailing threshold (the initial balance + trailing drawdown + $100), you can then use their full contract limit starting with the next full trading session.
Example:
On a $50,000 "PRO" Account with a maximum of 10 contracts, traders can initially trade up to 5 contracts. When the account EOD balance reaches $52,600 ($50,000 initial balance + $2,500 trailing drawdown + $100 buffer), the trailing stop no longer applies. Once the trailing threshold is reached, traders can continue using the full contract limit even if the account balance drops below the threshold.
Single Violation Penalty:
If more than half of the maximum allowed contracts are traded, please note that any profits generated as a result of a Scaling Rule violation will be removed. The trader would then need to complete 8 additional compliant trading days before becoming eligible to request a payout.
Consistent Violation Penalty:
Blatant or repeated violations of the scaling rule will result in account closure and forfeiture of all balances.
4. Risk-Reward Ratio Rule (5:1)
The 5:1 Risk-Reward Ratio Rule is a risk management guideline. For every trade you make, your stop loss should not exceed five times the amount of your profit target.
For example:
- If your profit target is 10 ticks, your maximum stop loss should be 50 ticks (5 times your profit target).
- If you set a stop loss beyond 50 ticks, such as 100 ticks, this would violate the rule.
5. Buffer / Reserve fund / Safety Net / Withdrawals
Payout Requirements and Criteria
- 5 Trading Days: At least 5 of those 8 days must show a profit of $50 or more.
- Safety Net for First: The safety net is calculated as your drawdown limit plus $100.
- Buffer / Reserve fund / Safety Net: Is the amount equivalent to the drawdown the account size plus an additional $100.
- Minimum Payout: If you have reached the safety net, you can request a payout of $500, even if it exceeds the safety net amount.
- Payouts Above Minimum: For payout over $500, the balance must exceed the safety net by an amount equal to the additional amount requested.
Example:
For a $50,000 account, the drawdown is $2,500, so the safety net is calculated as $2,500 + $100 = $2,600.
A trader with this account reaches a balance of $52,600. The trader can request the minimum payout of $500, leaving the balance at $52,100.
To request a higher amount, for example, $1,200, the balance must exceed the safety net by the additional amount requested above the minimum of $500. In this case, the additional amount is $700, meaning the account balance must be at least $53,300. Requesting the $1,200 would leave the account balance at $52,100, which is still acceptable since it encroaches on the safety net by no more than the $500 allowed.
Limit on trading accounts that you can have between you and a company you own. Total limit is currently 5.
6. Prohibited Activities
- Trading Without Risk Management: All trades must have either pending or mental stop losses and a well-defined risk management strategy.
- High-Risk Strategies: Strategies that involve small profit targets while risking disproportionately large amounts are not allowed.
- Using the Trailing Threshold as a Stop Loss: Traders are prohibited from using the account's full threshold as a stop-loss.
- Account Cycling: Purchasing multiple discounted evaluation accounts to cycle through and intentionally "blow up" accounts in pursuit of windfall profits is not permitted.
- Unsustainable Strategies: Any trading, risk management, or implementation that fails to demonstrate consistent growth and sustainability.
- Deviating from Professional Standards: Traders must employ strategies and risk management techniques consistent with those they would use in a personally funded account.
- Manipulation of the simulated trading environment: In any way, including High Frequency Trading (HFT) or any other exploitative strategies.
- Unauthorized Users: Allowing anyone other than the registered owner to access or perform account verification is strictly prohibited. WE reserves the right to request additional information, including audits and verification procedures, from the account owner to ensure that only the authorized user is trading.
- Account and Resource Sharing: Sharing MAC addresses, computers, IPs, credit cards, or trade copying with other traders is strictly forbidden. Violations will result in account closure, forfeiture of funds, and potential additional verification or audits to ensure compliance.
- Multiple Account Creation: Creating multiple user accounts is prohibited. You are allowed to create ONE, and only ONE, user account.
Technical issues on websites, platforms, data etc can void trades.