S&P 500, Russell 2000, NASDAQ-100 (except for tickets with market cap size less than $250M and Average Daily Trading Volume less than 100,000 shares)
$100 per month
$150 per month
$300 per month
Can I change my account size after I get started in the qualifying stages?
A user is able to change an account size at Stage 1 or Stage 2 at any time (and without needing to open a new account). You would need to go to the start of the current stage and select a different amount.
What happens if I qualify for the first stage, but then fail the second stage?
If you fail the first or second qualifying stage, you will be returned to the beginning of Stage 1.
How long does it take to qualify?
It is entirely dependent on your trading results. There is no time limit as we want you to focus on sound trading strategies that identify positive expected value and high reward-to-risk opportunities.
How do I know what my daily turnover requirement is?
The turnover requirement pertains to one’s starting account balance (i.e., $30k, $50k, $100k). It is not dynamically pegged to one’s current account balance.
What is the deposit turnover requirement?
Traders must turnover their account balance once daily for five days on Stage 1 and the same for ten days on Stage 2. It does not need to be in consecutive days. That means for Stage 1, if you are on a $100,000 account, you must trade in $100,000 of volume in five different days. This requirement increases to $100,000 of trade volume (or whatever the starting account balance) in ten different trading days for Stage 2.
What does “daily deposit turnover” mean?
Daily deposit turnover refers to the need to trade the equivalent of one’s account balance in one trading day. This is a requirement during the demo/paper trading phases of the program so traders can demonstrate that they can profit while managing risk at the same time.
Are there time limits? Do I have to reach the 6% profit target within a certain period of time?
No, there are no time constraints.
If I am stopped out of a stage from a 4% drawdown or 2% daily loss, what happens?
If you are in Stage 1 or Stage 2 of the program and incur a 4% drawdown or 2% daily loss, you will return to the beginning of Stage 1.
Can I increase my position size limit?
Yes, position size can be increased individually depending on your trading performance, email us for details.
When can I place my order?
NYSE and NASDAQ are the two main American exchanges, both of which are headquartered in New York City. They are each open Monday through Friday from 9:30 a.m. to 4 p.m. EST. Orders are allowed only within this trading session.
Are commissions/trading fees applicable?
Commission charges are emulated in Stage 1 and Stage 2 of the program, and will be applied on the funded real-money account.
The fees are as follows:
US Markets (NYSE, NASDAQ): $0.001 per share (min $0.20 per trade).
Why my stop loss orders are rejected?
Please check if you have an active Limit Order. When using Limit Order, you can not set a Stop Loss because execution logic is broken.