Overview
Our Extreme Model is designed for traders who want to prove their skills quickly. It only has an Evaluation Phase, which you need to pass to gain access to a Simulated Funded Account where you can start generating profits.
This is an overview of the most important rules you must follow. You will also find the requirements to apply for a payout.
Trading Rules - Evaluation Stage
Drawdown limit
You can choose between the End-of-Day Trailing Drawdown or the Intraday Trailing Drawdown. The drawdown method that you choose will apply to both the Evaluation and Simulated Funded Account. Exceeding your drawdown limit will result in account failure.
End-Of-Day Trailing Drawdown Limit The EOD Trailing Drawdown Limit is the total amount your balance/equity can decrease. If the account balance increases by the end of the day, the drawdown limit adjusts upward. If the account balance decreases, the drawdown remains unchanged.
The EOD Trailing Drawdown locks when profits exceed the drawdown limit by $100. For example, in a $50,000 account with a $2,000 drawdown, once profits reach $2,600, the drawdown locks at $50,100. | Intraday Trailing Drawdown The Intraday Trailing Drawdown Limit is the total amount your balance/equity can decrease during the trading day. If the account balance/equity increases throughout the day, the drawdown threshold adjusts upward. If the account balance/equity decreases, the drawdown threshold remains unchanged.
The Intraday Trailing Drawdown threshold locks when the account balance/equity exceeds the Trailing Max Drawdown limit by $100. For example, in a $100,000 account with a $3,000 drawdown, once your profits reach $3,100, the drawdown threshold locks at $100,100. |
Consistency Rule
No single day’s profit (commissions are not included in profit) should exceed 50% of the total profits to pass the evaluation stage.
Contracts
A $50,000 account can trade up to 4 contracts (40 Micros).
A $100,000 account can trade up to 6 contracts (60 Micros).
A $150,000 account can trade up to 9 contracts (90 Micros).
News Trading, Swing Trading, and Trading Hours
All positions must be closed BEFORE 4:59 PM EST Monday through Friday, before the market closes. Any open positions will be automatically closed at 4:59 PM ET. This will not result in a fail or loss of account.
Starting at 6:00 PM EST, Monday through Thursday and on Sunday evening, you can start placing trades again.
This means that you are not able to swing trade or hold positions over multiple days.
You are not allowed to hold or place trades during Tier 1 news and speeches (such as CPI, PPI, FOMC, and NFP) and cannot hold trades past 4:59 PM EST.
Any orders placed within 2 minutes before or after Tier 1 news or speeches will lead to a violation.
Payout Guidelines - Simulated Funded Account Rules
Earn a generous 100% of the first $15K in profits, and a 90% profit split after.
Any household can have a maximum of 3 active Simulated Funded Accounts at any given time.
Once you submit a payout request, it cannot be edited or canceled.
The minimum payout amount is
$500 on the $50,000 account
$1000 on the $100,000 account
$1500 on the $150,000 account
The maximum payout amount is
$1200 for the first 5 payouts on the $50,000 account
$2400 for the first 5 payouts on the $100,000 account
$3600 for the first 5 payouts on the $150,000 account
Your account must satisfy all of the criteria below to qualify for each payout:
Minimum Trading Days:
10 trading days with at least $50 in profit on the $50,000 account
10 trading days with at least $100 in profit on the $100,000 account
10 trading days with at least $150 in profit on the $150,000 account
This applies for each and every payout request. A Trading Day is counted as at least one trade placed from 6:00 P.M. EST to 4:59 P.M. EST the next day.
Consistency Rule: no single day’s profit (commissions are not included in profit) should exceed 35% of the total profits.
Payout window
You can request payouts daily. Daily account reconciliations occur between 5:00 p.m. and 7:00 p.m. EST.
Once your payout is approved, your funds are immediately withdrawn from your account. The payment will be issued within 24 hours after the withdrawal has been processed.
Live Funded Account
After your 5th payout, we reserve the right to move you to a Live Funded Account. We will contact you via email regarding this decision.
For the full details regarding Live Funded Accounts including remaining account withdrawal balances, please see our article here.