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")

Q
What contract expiration can I trade?

A You agree to trade the highest volume, most current contract for the instrument you are trading. Trading low liquidity and low volume contracts is not allowed.

The 40% Rule

Q
What is the 40% rule?

A ETF wishes to empower traders with knowledge and tools that allow them to make prudent investment decisions and build and invest according to long-term, consistent trading strategies. ETF is not a gambling website, nor is it the intention of ETF to empower those who treat trading as a gambling enterprise. Because of this, it is the policy of ETF that, at the time of any withdrawal request, the total balance in the requesting traders’ Elite account must not consist of greater than forty (40) percent of the total balance being derived from a single trading day. This policy is uniformly applied to all Elite traders using our Services, without exception.

Example: In the table below we are showing the highest single day gain (PNL) as $10,000 on day 5. This means 10,000 can not be more than 40% of your total profit at time of requesting a withdrawal.

Q
What happens after I receive a payout?

AAfter receiving a payout, we then take your NEW best day after the payout to calculate the 40% rule. Suppose you make $20,000, with the best day of $2,500, and then request a payout of $2,000. Your balance is then reduced to $18,000. Now you trade for 15 days, have the best day of $1,500, and your total profit is $30,000. The 40% rule is now calculated based on $1,500 and $30,000.

Q
Does going over 40% fail my account?

A NO. You simply must keep trading to gain more profit to bring your best day % of Total PNL below 40%.

Trade Day PNL Total PNL % of Total PNL
1 1,000 1,000 100%
2 1,000 2,000 50%
3 1,000 3,000 33.33%
4 1,000 4,000 25%
5 10,000 14,000 71.42%
6 -5,000 9,000 111%
7 8,000 17,000 58%
8 5,000 22,000 45%
9 3,000 25,000 40%
10 3,000 28,000 35%
11 2,000 30,000 33%
12 2,000 32,000 31.25%
13 2,000 34,000 29%
14 500 34,500 28.9%
15 2500 37,000 27%
16 -1500 35,500 28.1%
17 -3000 32,500 30.7%
18 1 32,501 30.7%
19 1 32,502 30.7%
20 900 33,402 29.93% (Can request first payout)

No news trading rule

Q
What is the no news trading rule?

A ETF wishes to empower traders with knowledge and tools that allow them to make prudent investment decisions and build and invest according to long-term, consistent trading strategies. ETF is not a gambling website, nor is it the intention of ETF to empower those who treat trading as a gambling enterprise. Because of this, ETF's policy is that at the time of only the major news or economic events listed below, all Elite accounts must be flat 5 minutes before the event to 5 minutes after the event starts. Traders still in evaluation phase do not have this rule.

Here is a helpful link to keep track of all market news events: https://www.marketwatch.com/economy-politics/calendar

The events listed below are the ONLY events traders with Elite accounts are NOT allowed to trade.

Event Time No Trade Window
FOMC Minutes 1:00PM CST 12:55PM - 1:05PM
FOMC Statement 1:00PM CST 12:55PM - 1:05PM
FOMC Conference 1:30PM CST 1:25PM - 1:35PM
CPI 7:30AM CST 7:25AM - 7:35AM
PPI 7:30AM CST 7:25AM - 7:35AM
NFP (Non-Farm Payrolls) 7:30AM CST 7:25AM - 7:35AM
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