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 for both the Funded Sim and Funded Live traders.

• Rule 1: Do not hit or exceed the maximum trailing drawdown. This is the maximum amount you can lose (and as on the evaluation, the limit is calculated End-of-Day and Intraday).
  
• 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.

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

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:

• 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 continully abusing our permitted Times, Permitted Products, or Permitted Position Size guidlines
• Profits earned in a simulated account.