Frequently Asked Questions
Everything you need to know about our trading challenges, funded accounts, and trading rules.
Trading Rules
What constitutes a Breach?
A breach means that you violated the Max Drawdown rule. In the event you have a breach, you will fail the Assessment or have your Funded Account taken away.
How do you calculate the 3% Daily Cap Limit?
The Daily Cap Limit is the maximum percentage of your starting balance that your crypto account can move in any given day. The Daily Cap Limit is calculated using the previous day’s equity, which resets at 5 PM EST. In the event that the assets in your account move in excess of 3% of your starting balance from your previous day’s equity in either direction, your positions will be closed out and your account will be locked until the start of the new trading day at 5 PM EST. Example: For a 100k starting balance account, with a 3% Daily Cap. If the account finishes the day, with Equity at 101k, the next day’s limits will be 101k +/- 3k (i.e. 98k – 104k).
How do you calculate the Maximum Drawdown?
The Maximum Drawdown is initially set at 6% and is static and will therefore remain at the same value for as long as the account will remain active. Example: If your starting balance is $100,000, you can drawdown to $94,000 before you would violate the Maximum Drawdown rule. Then for example let’s say you take your account to $102,000 in CLOSED BALANCE, your Maximum Drawdown would remain at $94,000. So, regardless of how high your account goes, your drawdown will remain the same.
Can I hold positions over the weekend?
Yes.
Is there a breach for inactivity?
Yes. We will consider you inactive and your account will be breached if you do not have any trading activity on your account for 30 consecutive days.
Still have questions?
Our support team is here to help you 24/7