Overview
Our Instant Model offers direct access to a Simulated Funded account, giving you the chance to start generating profits right away. 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
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.
Exceeding this limit will result in account termination.
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.
Daily Loss Limit
The Daily Loss Limit is the maximum allowable loss in any single trading day, realized or unrealized. Exceeding this limit will result in account termination.
Contracts
A $50,000 account can trade up to 2 contracts (20 Micros).
A $100,000 account can trade up to 4 contracts (40 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 & Requirements
Earn a generous 100% of the first $15K in payouts, 90% 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 $1,000.
The maximum payout amount is the same as the Payout Profit Goal.
Your account must satisfy all of the criteria below to qualify for each payout:
Minimum Trading Days: 7 trading days. 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 20% of the total profits.
Payout Profit Goal: make sure you have reached the Payout Profit Goal as outlined in the table below.
Payout Profit Goals reset after each payout and to achieve the next payout you move on to the next Payout Profit Goal.
Example: for a $150k account when you reach Payout 1 Profit Goal of $9k you can take a payout. You now must achieve Payout 2 Profit Goal of $4.5k to take your next payout. (see Payout Profit Goal Table below)
The maximum payout amount is the same as the Payout Profit Goal.
Payout Profit Goals |
Account size | Payout 1 Profit Goal | Payout 2+ Profit Goal |
$50,000 | $3,000 | $2,000 |
$100,000 | $6,000 | $3,000 |
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 3rd 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.