What are the rules for funded traders (Funded SIM and Funded LIVE)?

Modified on Wed, 7 Aug at 7:45 AM

The rules for the funded trader are the same rules as the evaluation.

These rules apply for both the Funded Sim and Funded Live traders (apart from Rule 5, the Slippage risk management rule


For all funded traders, the trading group requires all open positions to be closed 10 minutes before closing. 

The position limit and the trailing maximum drawdown are set according to the program you graduated from.

When your Trailing Maximum Drawdown reaches your starting account balance, it freezes.

However, from this point on your Funded Live account will not be allowed to go into a negative balance, or a Funded Sim account will not be allowed to go below the starting account balance. If it does you will be stopped from trading and lose your funded trading account.


If you lose your funded trading account, any profits you have will be returned to you (after the profit share with TradeDay), except for the following:

  • Windfall profits from trading tier 1 data releases, trading in breach of our permitted times.
  • Traders found to be in breach of our prohibited trade practices. 
  • Profits earned in a simulated account.

 

Was this article helpful?

That’s Great!

Thank you for your feedback

Sorry! We couldn't be helpful

Thank you for your feedback

Let us know how can we improve this article!

Select at least one of the reasons
CAPTCHA verification is required.

Feedback sent

We appreciate your effort and will try to fix the article