We don’t have a single hidden rule. We’ve outlined everything as clearly as possible for you!
Whether you are on an evaluation account or a funded account, nothing changes. The rules are the same.
The only way you can breach your account are the three points below:
The 5% Daily Loss Limit is the absolute maximum your account can lose on any given day. For your reference, understand that the Daily Loss Limit is calculated using the previous day balance which resets at 5 PM EST.
For 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. On another hand, if your floating equity is +$8,000 on a $100,000 account, your new day (5pm EST) max loss is still based on your balance from the PREVIOUS day ($100,000). So, your daily loss limit would still be $95,000 and not 5% of $108,000; unless the following day, your end of day balance closes at $108,000. Then that would apply on the day after.
You can if you purchase the add-on! For our Swing Traders, when buying an account, you can click “hold positions over the weekend” as an add-on, to be able to do so.
Without that, we require all trades to be closed by 3:45pm EST on Friday. Any trades left open after this time will automatically be closed. Note, this is only a soft breach and you will be able to continue trading once the markets reopen.
Forex – 1 lot = $100k notional
Index – 1 lot = 1 Contracts
Silver – 1 lot = 5000 ounces
Gold – 1 lot = 100 ounces
Oil – 1 lot = 100 barrels
Depending on what type of trader you are, we have a customizable challenge for you! On the checkout page, you will have the ability to choose to pay extra for “upgrades” in your evaluation, so it completely fits your style. These upgrades will include the following and will see a price increase as addressed below:
So if you want a higher account gain, there’s no reason not to add it on. If you’re a swing trader, there’s no reason not to add it on!
Note: You don’t HAVE to have this add-on. You can either choose to have one add-on, both add-ons or neither.
Charges come across in the name of Dashboardanalytix.com.
With regard to the concept of ‘limits’ this is where we stand at present:
There is NO limit to how many accounts you may have (as long as it’s within the $1 million limit). We provide prop firm funding and there is NO limit for compounding. Up to $1 million of initial funding, then grow the account to any balance you desire – yes, even $10 million, $20 million, and so on.
Affiliates are given credit for introducing new Customers to your firm:
A Customer who is registered to an affiliate will remain registered forever. An affiliate will receive affiliate credit for ALL orders from that customer for their lifetime.
Here, we offer a 2 step challenge and a 1 step challenge.
2 step gives you a higher max loss (8%) on your trading, whereas a 1 step is lower (6%). However, you only need to pass the evaluation 1 time (on a 1-step) and twice on a 2 step.
For 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 as cost-effective if trades were executed in simulated accounts. Regardless of whether we act as a 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.
Trading hours are set by the Broker. We do not have any control over the trading hours!
Please note that holidays can have an impact on available trading hours. Always make sure to check when you’re trading.
Subject to compliance with applicable laws and regulations, traders from all countries, excluding OFAC listed countries, can take part in our program.
Here is a list of all the restricted countries:
PK – Pakistan
RU – Russia
CU – Cuba
SD – Sudan
SO – Somalia
IR – Iran
LB – Lebanon
SY – Syria
LY – Libya
VN – Vietnam
RO – Romania
A soft breach means that we (the company) will close all trades once a rule has been violated. You will NOT lose your account in this instance. You can still continue to trade.
A hard breach means that you violated either the Daily Loss Limit or Max Drawdown rule in which case, you will lose your funded account.
Trading within 3 minutes before or after a News Event is prohibited. If the Company determines that
trading has, in fact, occurred during the News Event. Any traders identified as having trading during a
News Event during the challenge phase are subject to having those trades removed, 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.
Personal EAs are acceptable, however commercial EAs, those designed for passing challenges or involving copy trading are not permitted.
The 5% Max Loss is static and calculated only on your initial balance.
For example, on a $100,000 account during a 1-Phase challenge, the account can only be breached if it goes below $94,000 (6%). So if your balance grows to $107,000 on a $100,000 account, the Max Loss is still $94,000 (6% from the original balance).
Important Note: The Max Loss moves to the INITIAL BALANCE after the first withdrawal – incentivizing all funded traders to compound and grow their accounts before withdrawing huge earnings. We don’t want traders here who just want to “YOLO” trades. See the example below.
Example: If you have a $100,000 account, the Max Loss Breach level would be $92,000 (8% of the Initial Balance on a 2-Step Challenge). If you then traded your account up to $134,000 ($34,000 Gain), the Max Loss Breach level would still be $92,000, which gives you $42,000 off a buffer to work with.
If you then decide to withdraw $10,000 as profit, upon your first withdrawal, the Max Loss locks in at the original account balance (in this case, $100,000 because it’s a $100k account). So after withdrawing $10,000, your account will have a balance of $124,000 and the breach level is now $100,000, meaning you now have a buffer of $24,000. Similarly, if you withdrew ALL of the $34,000, your account balance would now be back at the original $100,000 which is also the BREACH level, meaning you would lose your funded account. Please read the rest to understand why we have this rule.
Further Example: If you continued to compound your $100,000 all the way to $200,000, the Max Loss Breach Level is still $92,000. However, if you then withdrew $50,000 profit, the Max Loss will lock in at $100,000, meaning you would now have $50,000 as a buffer (Max Loss). This is great because most rules have their max loss always ALWAYS being a percentage of the NEW balance.
Example: On most Prop Firms, if you were to scale that $100,000 to $200,000, your max loss would be 8% of the NEW $200,000. Not 8% of $100,000. So you don’t have as much room as you think once you start making money. On top of that, if for some reason, you were to breach the account after having the $100,000 of gains in there, almost all Props would just say “it is what it is. Oh well.” And you’d have to start over! Here, you’d still be paid your portion of what was left in the account. So trust me, we know what we’re doing. We’re helping traders.
We have included this rule to incentivize our funded traders to compound their accounts, to ensure that they have a hefty buffer and can pay themselves out as they see fit. This way neither the company nor the trader is ever at risk.
Once you pass the Assessment, we provide you with a live account, backed by our capital. 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 Loss and position limits apply.
NO, NO, NO. You will still be paid a portion of your gains no matter what, unlike other Firms.
For example, if you have a $100,000 account and you grow that account to $140,000, if you have a hard breach, we would close the account. From the $40,000 in gains in your Funded Account, you would be paid your portion! Which is a GAME changer.
Your first withdrawal can be requested at any time. Afterwards, you can request a withdrawal of the gains in your account every 30 days.
This is why it’s important to compound your account and why our max loss locks at the initial balance.
You are also prohibited from using any trading strategy that is expressly prohibited by the Company or the Brokers it uses. Such prohibited trading (“Prohibited Trading”) shall include, but not be limited to:
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 Broker 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/?v=7516fd43adaa
You have options.
Bank Transfers with Riseworks:
We’re integrated with Riseworks. If you select Riseworks as your payout option and provide a valid email address, you will receive a link to create your account. Once set up, you can transfer your payouts directly to your bank account.
Wallet Withdrawals:
We can process payments to your existing wallet via Columis.
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All content published and distributed by TradePrime, LLC, and its affiliates (collectively, the “Company”) is to be treated as general information only. None of the information provided by the Company or contained herein is intended as investment advice, an offer or solicitation of an offer to buy or sell, or a recommendation, endorsement, or sponsorship of any security, company, or fund.
Use of the information contained on the Company’s websites is at your own risk and the Company and assumes no responsibility or liability for any use or misuse of such information. Nothing contained herein is a solicitation or an offer to buy or sell futures, options, or forex. Past performance is not necessarily indicative of future results.
Hypothetical or simulated performance results have certain limitations. Unlike an actual performance record, simulated results do not represent actual trading. Also, because the trades have not actually been executed, the results may have under-or-over compensated for the impact, if any, of certain market factors, such as lack of liquidity. Simulated trading programs, in general, are also subject to the fact that they are designed with the benefit of hindsight. No representation is being made that any account will or is likely to achieve profit or losses similar to those shown.
Prime Time Funding is an affiliate of Prop Account, LLC. All funding assessments are provided by Prop Account, LLC and all assessment fees are paid to Prop Account, LLC. If you qualify for a Funded Account, you will be required to enter into a Trader Agreement with Prop Account LLC. Neither Prop Account, LLC nor Prop Account LLC provides any trading education or other services. All such services are provided by Your Prop FX
