Elite Account Rules

Below is an explanation of elite account rules. View our Elite Account Payouts page for more information on how payouts work for our Elite traders. You must pass one of our evaluations to qualify for an elite account. Once you pass your evaluation phase and have moved to an Elite Account, you start with the same capital and drawdowns as the evaluation account. For example, a 1 step 50K will be 50K Elite with the drawdown of $2,000 until you hit that threshold.

Max Trailing Drawdown

Q
How does the trailing drawdown work in 1 step Elite (qualified) accounts?

A In your Elite account, your drawdown trails your unrealized profit until your drawdown reaches your beginning balance +$100.

Example: You start with an account balance $50,000 and your max drawdown is $2,000 (minimum account balance of $48,000). If you make a trade and it goes to +$1,000, but you don't close and your trade is now only +$500 your minimum account balance moves up to $49,000 because your highest unrealized profit was $1,000. Once you make $2,100 in realized profits (drawdown + 100) the drawdown stops trailing.

If at any time you hit your drawdown your Elite account is blown and no payouts are made. You can feel free to start a new evaluation and try again if that happens.

Trailing Drawdown Elite (qualified) Example

50k Elite with $2,000 trailing drawdown.

Holding trades overnight

Q
Am I allowed to hold trades overnight?

A No. You are not allowed to hold trades overnight.

All trades MUST be closed 1 minute before the close of the market. Different instruments have different market closing times. It is your responsibility to know these and close your positions before the respective market closes. Holding a postion past market closing time will result in the failure of your evaluation or Elite account. Holding a position past market close in your Elite account will result in a forfeit of profits with account closure.

Example: ES traders must close all positions before 3:59pm Central Standard time on a normal market hours trading day. New trades may be opened at 5pm Central Standard time.

It is the traders responsibility to know holiday trading hours that may vary.

Details on trading days

Q
What qualifies as a trading day?

A Any day you place a trade qualifies. Sunday and Monday are counted as the same trading day.

Q
Does Sunday count as a trading day?

A No. Sunday evening and Monday are counted as the same trading day.

Q
Can I trade on holidays and during news?

A Yes. Just know during these events volatility can be very low or extremely high and can wipe an account out quickly if risk management is not applied.

Maximum Account Positions

Q
How do the maximum account positions work?

A You are not allowed to have more than the maximum allowed positions open at any time. Doing so will result in a failure of your evaluation or Elite account. Going over your max allowed positions in your Elite account will result in a forfeit of profits with account closure. 10 micros counts as 1 small or 1 mini.

Legend:
1 mini = 1 "position"
1 small = 1 "position"
10 micro = 1 "position"

Example: An account with a maximum open positions of 3 minis, 30 micros or 3 small will be used for this example.

Allowed: 1 mini, 1 small and 10 micros
Allowed: 2 mini, 1 small
Allowed: 2 mini, 10 micro
Allowed: 2 small, 10 micro
Not Allowed: 1 mini, 1 small and 20 micros (20 micros is equivelant to 2 "positions" putting this at 4 total positions. 1 more than the 3 allowed.).
Not Allowed: 2 mini, 2 small (4 total "positions")
Not Allowed: 3 mini, 3 small, 30 micro (9 total "positions")

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