Understanding Violations of Simulated Maximum Daily Loss and Simulated Maximum Total Loss Rules
When a trader violates a simulated Maximum Daily Loss, Max Floating P/L (Instant Funded accounts only) or simulated Maximum Total Loss, our evaluation technology will automatically breach the trader's account and place it into read-only mode. The trader's dashboard will reflect this violation by changing the simulated account status to "Failed".
When an account fails to place at least one trade every 30 calendar days, it will be closed due to inactivity. We will gladly reinstate your account if it breaches due to inactivity, with a limit of 3 reinstatements per account. Days are consecutive calendar days, not simulated trading days. Upon the 4th inactivity breach, the account will not be eligible to be reinstated, and you will need to purchase a new evaluation to continue trading.
If the trader wants to attempt the evaluation again, they must purchase another account on our website. If an account violates the rules or trading parameters on the Evaluation, the account will become no longer eligible for virtual funding. If your account breaches the rules or trading parameters on the Virtual Trader account, your account will be closed, and the Trader Agreement will be terminated. Please be advised that some violations are not automatically identified and will only be verified by our risk team when an account review is conducted.
Terms of Use Violations
If the trader passes the evaluation but any violations, such as a breach of our Terms of Use or abuse of the demo trading environment, are found, a member of our Support Team will contact them and notify them of the violation. The trader's simulated account will be manually breached and placed into read-only mode. As before, the Trader's Dashboard will reflect this violation with an account status of "Failed" and the trader must purchase another account in order to get another chance at the evaluation. You can find more information on prohibited strategies that may result in a failing of the evaluation in our Help Center.