Delayed Responses from our Support Team due to COVID-19
Being a Proprietary Trader comes with responsibilities.
This means that if your trading profits result from a technology flaw or liquidity advantage only present within the demo account environment, then these trades would be considered fraudulent and will be removed from the profit calculations.
It is best practice is to base your risk per trade on the equity allowance you have for the day.
Here's an example
Imagine you are risking 1% per trade of the balance while being close to the day's equity limit.
If the trade goes against you and takes you over the equity limit, then it's instant disqualification.
A much better way would be to risk only a portion of the free equity you have left on a given day.
By doing this, your risk is reduced each time a trade goes against you and keeps you on the right side of the equity limit.
Our full-time traders are required never to risk more than 10% of their daily equity limit, and we suggest you also follow this method.This would allow you to have ten losing trades in a row and not be disqualified from trading.
This is, of course, entirely your choice but has proven very effective.
It's especially useful after you suffer a significant drawdown on a live account, as it makes it impossible to breach the max drawdown rule.
may result in profit offset
Losing is part of trading.
The company covers losses, and as long as you do not hit the agreed limits, everything will proceed as expected.
If you do however, hit the stated limits, we still have to pay the losses. Your account/payment may be suspended until we have discussed the situation with you further.