Account and Trading Policies
1. Multiple Accounts:
• You may purchase as many accounts as you wish.
• However, trading is only allowed on one account at a time.
2. Prohibited Operations:
Program participation may be terminated, including loss of paid fees, if the following practices are detected:
• Exploiting errors or latency in Broker prices/platforms.
• Using non-public or privileged information.
• Front-running trades made elsewhere.
• Trading in ways that jeopardize the Company-Broker relationship.
• Practices causing regulatory issues for the Broker.
• Using third-party strategies to pass challenge accounts.
• Specific trades in stock CFDs near market close.
• Arbitrage between evaluation accounts.
• Failure to follow proper risk management practices.
• Gambling and excessive position leveraging.
3. Consequences:
• The Company reserves the right to take appropriate action against prohibited operations.
• This may include account breaches and loss of simulated profits and paid fees.
4. Maximum Drawdown Policies
The drawdown impacts payments according to the percentages reached. For example, if your instant account starts with 7% and you request a withdrawal payment, the maximum drawdown gets locked to the initial balance. This affects the remaining percentage available for drawdown. In contrast, not leaving a safety margin can result in a failed account challenge if your instant account reaches the maximum drawdown without a safety margin.