Managing Multiple Trading Accounts and Utilizing Promotions
Effective management of multiple trading accounts requires adherence to important rules and guidelines, particularly when using promotional offers. This article explains the key principles to follow when holding and trading multiple funded accounts.
Overview of Managing Multiple Accounts
Yes, you can hold and trade multiple funded accounts. However, to ensure compliance and the integrity of trading practices, each account must be managed independently. Specifically:
Trade Independence: You cannot take identical or very similar trades across multiple accounts or copy trades between accounts. Each trading decision must be unique to the account it is executed on.
Separate Management: Use the same trading ideas as inspiration if needed, but ensure that executions are distinct and tailored to each account.
Promotional Offers and Account Benefits
Promotional offers, such as the Black Friday BOGO offer, allow you to acquire additional accounts with specific rules and benefits. Key points to consider include:
Second Account Details: If eligible, you will receive an additional account automatically. Under specific promotions, the second account may/may not match the size and model of the original one (e.g., 2-Step Pro model).
Timelines: Additional accounts provided under a promotion are usually available within 24 hours.
Example: Black Friday BOGO Promotion
With the Black Friday BOGO (Buy One, Get One) deal:
You immediately receive a second funded account upon signing up.
Both accounts will feature the same account size and adhere to the 2-Step Pro model.
Summary of Rules for Managing Multiple Accounts
To summarize:
You may manage multiple funded accounts, but each must be traded independently. Avoid replicating or copying trades across accounts.
Promotional accounts (e.g., Black Friday BOGO) are designed to provide additional opportunities, provided you respect the same management independence principles.
By following these guidelines, you can effectively manage multiple accounts while staying compliant with trading protocols.