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

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) 

• 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).
• Rule 2: Close all positions 10 minutes before the close of the CME Globex trading day.
• Rule 3: Do not trade tier 1 data releases
• Rule 4:Only trade the products permitted by TradeDay.
• Rule 5: For Funded Live accounts only (not Funded Sim). Slippage risk management rule policy on reducing position limits
• Rule 6: 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.

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.