What are the rules for funded Funded Sim and Funded Live traders?

TradeDay tries its best to remain consistent across the Evaluation, Funded Sim, and Funded Live accounts.

When you pass the evaluation, you are still required to trade within our permitted times, permitted products, and permitted position size guidelines, but accidental breaches are not considered a rule violation (only traders continually abusing these guidelines will lose their account).

These rules apply to both the Quick Pay and Fast Pass funded Sim and funded live traders.

• Rule 1: Do not hit or exceed the maximum drawdown. This is the maximum amount you can lose (the limit is calculated according to the evaluation you have purchased, EOD, or Intra Day)
  
• Rule 2: Funded Traders are not permitted to trade within 2% of a price limit. Traders in breach of this policy will lose their funded account. For further details, click here.

Important Notes:

• All Fast Pass Funded Sim accounts are set up with End of Day (EOD) Drawdowns.
• All Quick Pay Funded Sim accounts will have an intraday drawdown, regardless of the drawdown had on the evaluation. 

There is an additional policy funded live traders need to be aware of: Slippage risk management rule policy on reducing position limits

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

• All 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. 
• Traders found to be continuously abusing our permitted times, permitted products, or permitted position size guidelines.
• Profits earned in a simulated account.