TRADEXPROP HELPDESK
Frequently Asked Questions
Instant Funded X
- Soft breach means that we will close all trades that have violated the rule. However, you can continue trading in your Instant Funded Account.
- Hard breach means that you violated the Daily Loss Limit or Max Drawdown rule, or Inactivity rule. These rules constitute a hard breach. In the event you have a hard breach, you will have your Funded Account taken away.
The Daily Loss Limit is the maximum amount your account can lose on any given day. The Daily Loss Limit is calculated using the previous day balance which resets at 5 PM EST. The Daily Loss Limit compounds with the increase in your account. Example: if your prior day’s end of day balance (5pm EST) was $100,000, your account would violate the daily stop loss limit if your equity reached $95,000 during the day. If your floating equity is +$5,000 on a $100,000 account, your new- day (5pm EST) max loss is based on your balance from the previous day ($100,000). So, your daily loss limit would still be $95,000.
The Maximum Trailing Drawdown is initially set at 8% and trails (using CLOSED BALANCE – NOT equity) your account until you have achieved an 8% return in your account. Once you have achieved an 8% return, the Maximum Trailing Drawdown no longer trails and is permanently locked in at your starting balance.
Example: If your starting balance is $100,000, you can drawdown to $92,000 before you would violate the Maximum Trailing Drawdown rule.
Then for example let’s say you take your account to $102,000 in CLOSED BALANCE. This is your new high-water mark, which would mean your new Maximum Trailing Drawdown would be $94,000. Next, let’s say you take your account to $108,000 in CLOSED BALANCE, which would be your new high-water mark. At this point your Maximum Trailing Drawdown would be locked in at your starting balance of $100,000.
So, regardless of how high your account goes, you would only breach this rule if your account drew back down to $100,000 (note, you could still violate the daily drawdown). For example, if you take your account to $170,000, as long as you do not drawdown more than 5% in any given day, you would only breach if your account equity reaches $100,000.
We require all trades to be closed by 3:45 PM EST on the last trading day of the week, typically Friday. However, in cases where markets close early or are not open on a Friday, it is the trader’s responsibility to ensure all trades are closed before the weekend based on the adjusted market schedule. Any trades left open after this time will be automatically closed. Note, this is considered a soft breach, and you will be able to continue trading once the markets reopen.
- Forex – 1 lot = $100k notional
- Index: 1 lot = 1 Contract
Exceptions:
SPX500: 1 lot = 10 contracts
JPN225: 1 lot = 500 contracts
- Cryptos: 1 lot = 1 coin
- Silver: 1 lot = 5000 ounces
- Gold: 1 lot = 100 ounces
- Oil: 1 lot = 100 barrels
Yes. If you do not place a trade at least once every 30 days on your account, we will consider you inactive and your account will be breached.
The Instant Funding Plan allows traders to start with a fully funded account without needing to complete an assessment phase.
Upon completion of payment, we provide you with an Instant Funding account, backed by our capital. You will receive an email with instructions on how to access this account on the platform you chose at checkout.
The capital in your Funded Account is notional and may not match the amount of capital on deposit with the Broker. A Funded Account is notionally funded when actual funds in the account (i.e., the equity in a Funded Account represented by the amount of capital) differs from the nominal account size (i.e., the size of the Funded Account that establishes the initial account value and level of trading). Notional funds are the difference between nominal account size and actual capital in a Funded Account.
Use of notional funding does not change the trading level or that the account may trade in any manner differently than if notional funds were not used. In particular, the same conditions and rules applicable to a soft breach, hard breach, Daily Loss Limit, Max Trailing Drawdown and position limits apply.
A Trading contract and KYC are both required, however, to start trading using our Instant Funding Plan, these steps won’t need to be completed until you request a withdrawal.
If you do not pass the KYC process when requesting a withdrawal, the withdrawal will be rejected, and your account will be closed. We encourage you to ensure you can meet KYC requirements before opting for the Instant Funding Plan.
No. We operate at an arm’s length with the Broker. All market pricing and trade executions are provided by the Broker and are not changed or modified by us. Additionally, we do not markup transaction costs established by the Broker through adjusting bid-offer spreads, markups/markdowns, commission charges or swaps.
For the purposes of managing risk and minimizing transaction costs, we may offset or negate market risk and act as the direct counterparty to certain trades initiated in the Account. Such trades are executed at prices provided by the Broker. This framework is intended to ensure you receive real market execution on your trades, while simultaneously allowing us to manage risk dynamically by routing existing positions or future orders to third parties for execution as we deem appropriate. We believe that such real market execution and dynamic risk management would not be possible or cost-effective if trades were executed in simulated accounts. Regardless of whether we act as counterparty to your trades, the gain or loss on your Funded Account is not calculated differently. However, when we act as the counterparty to your trades, there is an inherent potential conflict of interest because your trades do not result in net gain or loss to us, as your trades would if we were not the direct counterparty.
The maximum position that you may open is determined by your available margin. We reserve the right to increase the margin requirement, limit the number of open positions you may enter or maintain in the Funded Account at any time, and to revise in response to market conditions the drawdown levels at which trading in the funded account will be halted. We or the Liquidity Provider reserve the right to refuse to accept any order.
If you have gains in your Funded Account at the time of a hard breach, you will still receive your portion of those gains.
For example, if you have a $100,000 account and you grow that account to $110,000. Should you then have a hard breach we would close the account. Of the $10,000 in gains in your Funded Account, you would be paid your portion thereof.
Traders can request a withdrawal of the profits in their funded account through their trader dashboard at any time. However, withdrawals are limited to one request every 30 days. The minimum withdrawal amount is the greater of $100 or 1% of the account’s starting balance. When a withdrawal is approved, we will also withdraw our share of the gains, and your max trailing drawdown will lock in at your starting balance. The trailing drawdown does not reset when you request a withdrawal. Example: You have taken an account from $100,000 to $120,000. You then request a withdrawal of $16,000. In this scenario, you will receive $12,800 and we would retain $3200. This would also take the balance of the account down to $104,000, and your Maximum Trailing Drawdown is locked in at $100,000. So, you would have $4,000 maximum you could lose on the account before it would violate the Maximum Trailing Drawdown rule. If you take a full withdrawal of the gains in your Funded Account, the Maximum Trailing Drawdown will lock in at the starting balance and trigger the Maximum Trailing Drawdown breach rule, resulting in the forfeiture of your Funded Account.
No, the Maximum Trailing Drawdown does not reset after you request a withdrawal. Instead, it will lock at your original starting balance and stop trailing upward from that point forward.
For example:
– If you grow a $100,000 funded account to $120,000 and request a withdrawal,
– Your Maximum Trailing Drawdown will no longer follow your equity as it increases.
– It will be fixed at $100,000, even if your account grows again after the withdrawal.
Any losses beyond the locked drawdown level will result in a hard breach.
Once the Maximum Trailing Drawdown locks at the starting balance (after a withdrawal), it no longer moves up with your account gains. This locked level becomes your permanent minimum account balance before a breach is triggered.
Example:
Starting balance: $100,000
You grow the account to $120,000 and withdraw $16,000
You receive $12,800 (80%), we retain $3,200 (20%)
Your balance is now $104,000
Maximum Trailing Drawdown is locked at $100,000
You now only have $4,000 in loss buffer.
If your balance drops to $99,999 at any point, your account will be breached.
Caution:
If you withdraw all your gains and your account balance returns to the starting balance, you will be at the drawdown limit immediately, and any loss—even $1—will violate the rule and result in forfeiture of your account.
Instant Funding plans are prohibited for US domiciled customers. Subject to compliance with applicable laws and regulations, traders from all other countries, excluding OFAC listed countries, can take part in our program, unless otherwise limited at the Company’s discretion.
You must be at least 18 years of age, or the applicable minimum legal age in your country, to purchase an Instant Funding account.
Upon purchasing an Instant Funding Plan, you will receive access to a trader dashboard where you can monitor your Instant Funded Account. The dashboard is updated in near real time as we calculate your account metrics. It is your responsibility to monitor your breach levels.
Our technology is independently integrated with DXtrade, MatchTrader, and cTrader platforms via GooeyTrade.
You can trade any products offered by the Broker, as such products may change from time to time. This includes FX pairs and CFD Indices, Metals, and Cryptocurrencies.
We offer up to 50:1 leverage on Forex and Metals, up to 10:1 leverage on Indices, up to 5:1 leverage on Oils and up to 2:1 leverage on Cryptocurrencies.
Trading hours are generally set by the Liquidity Provider, unless set by our rules. We do not have any control over the trading hours. You can see the trading hours for each product by using the following methods:
Platform 4/5 – Right click symbol, select “Specification”
DXtrade – Right click symbol, select “Instrument Info”
MatchTrader – Click symbol to expand, select “Info”
cTrader – Navigate to Symbol Window, scroll down to see “Market Hours” for selected symbol
Please note that holidays can have an impact on available trading hours.
Additionally, pursuant to the no holding trades over the weekend rule, we will attempt to close all open trades at 3:45pm EST on Fridays. Traders are responsible for ensuring all open positions are closed (unless Weekend Hold add-on has been purchased)
Instant Funded Accounts receive the same pricing and commissions as charged by our Liquidity Provider to other, self-funded, retail trading accounts.
Subject to our policy on Prohibited Trading as described below, you can trade using an automated strategy.
“You are also prohibited from using any trading strategy that is expressly prohibited by the Company or the Liquidity Providers it uses. Such prohibited trading (“Prohibited Trading”) shall include, but not be limited to:
- Exploiting errors or latency in the pricing and/or platform(s) provided by the Liquidity Provider
- Utilizing non-public and/or insider information
- Front running of trades placed elsewhere
- Trading in any way that jeopardizes the relationship that the Company has with a Liquidity Provider or may result in the canceling of trades
- Trading in any way that creates regulatory issues for the Liquidity Provider
- Utilizing any third-party strategy, off-the-shelf strategy or one marketed to pass challenge accounts
- Attempting to arbitrage a funded account with another account with the Company or any third-party company, as determined by the Company in its sole and absolute discretion.
- Opening a position within 3 minutes before or after a News Event is prohibited. Any traders identified as having opened a position during a News Event are subject to having that position closed and the associated P&L removed from their account, having the leverage on their account reduced or having their account breached altogether. The Company has sole and absolute discretion in determining what constitutes a News Event. This rule is intended to protect the integrity of our program and is not meant to penalize traders who inadvertently trade through a news event.
- No Gambling Permitted: When participating in trading on both Challenge and Instant Funded Accounts, traders are expected to adhere to responsible risk management practices. This includes carefully considering the risks associated with position size, trade duration, and hedging strategies. Taking excessive risks, such as utilizing maximum leverage to open large positions with the hope of reaching profit targets through a single price movement, is strictly prohibited. Please refer to the Terms and Conditions for the full Prohibition of Gambling Practices language.
- If the Company detects that your trading constitutes Prohibited Trading, your participation in the program will be terminated and may include forfeiture of any fees paid to the Company. Additionally, and before any Trader shall receive a funded account, the trading activity of the Trader under these Terms and Conditions shall be reviewed by both the Company and the Liquidity Provider to determine whether such trading activity constitutes Prohibited Trading. In the case of Prohibited Trading, the Trader shall not receive a funded account.
- Additionally, the Company reserves the right to disallow or block any Trader from participating in the program for any reason, in the Company’s sole and absolute discretion.
To view all Prohibited Uses, please review our Terms and Conditions here, https://dashboardanalytix.com/client-terms-and-policies/
Opening a position within 3 minutes before or after a News Event is prohibited. Any traders identified as having opened a position during a News Event are subject to having that position closed and the associated P&L removed from their account, having the leverage on their account reduced or having their account breached altogether. The Company has sole and absolute discretion in determining what constitutes a News Event. This rule is intended to protect the integrity of our program and is not meant to penalize traders who inadvertently trade through a news event.
Charges come across in the name of Dashboardanalytix.com.
When trading a Funded Account for our firm, you are treated as an independent contractor. As a result, you are responsible for any and all taxes on your gains.
Affiliates are credited for referrals when a user creates an account using a link or discount code provided by the Affiliate.