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Daily Loss Limit
Max Trailing Drawdown
Daily Loss Limit is calculated based on the previous day's end of day (5pm EST) balance.
Example: If your prior day's end of day balance was $100,000 you would breach the Daily Loss Limit of 3% should your equity the next day fall to $97,000.
Maximum Trailing drawdown is the maximum your account can drawdown before you would hard breach your account. When you open the account, your Max Trailing Drawdown is set at 6% of your starting balance. This 6% trails your closed trading balance until you reach 6% profits in your account. Once you have achieved 6% in your account the max trailing locks in at your starting balance, and no longer trails your account.
Example: If your starting balance is $100,000, you can drawdown to $94,000 before you would violate the Maximum Trailing Drawdown rule. Then for example let's say you take your account to $103,000 in closed balance. This is your new high-water mark, which would mean your new Maximum Trailing Drawdown would be $97,000. Next, let's say you take your account to $103,000 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 can still violate the Daily Loss Limit). For example, if you take your account to $170,000, as long as you do not drawdown more than 3% in any given day, you would only breach if your account equity reaches $100,000.
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.
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.
Your Assessment account will be ready for trading within minutes of purchasing. Look for the credentials to your trading account and trader dashboard in your inbox immediately are completing your purchase.
Once you have passed your Assessment and have supplied your KYC documents, the account will be issued within 24-48 business hours.
Once a trader passes the Assessment we provide them with a live account, funded with real money.
The rules for the Funded account are exactly the same as your Assessment account. However, with a Funded account, there is no cap on the profits you can generate.
If you have profits in your Funded account at the time of a hard breach, you will still receive your portion of those profits.
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 profits, you would be paid your 80% portion ($8,000).
When you are ready to withdraw your profits, please send an email to email@example.com requesting the amount you would like to withdraw. We will then process your withdrawal.
You can withdrawal your profits at any time. At the time of any withdrawal request, we will also withdraw our share of the profits made, as well.
Important Note: Once you request a withdrawal, your maximum trailing drawdown will be set at your starting balance.
We have risk management software that is synced with the accounts we create. This allows us to analyze your performance in real time for achievements or rule violations. As such, you must use an account that we provide to you.
All countries, excluding OFAC listed countries, can take part in our program.
Upon purchasing an Assessment, you will receive access to a trader dashboard where you can monitor your Assessment and Funded accounts. The dashboard is updated every time we calculate metrics, which occurs roughly every 60 seconds. It is your responsibility to monitor your breach levels.
Our risk management technology is currently integrated the QuadCode trading platform.
You can trade the following products: FX pairs and CFD Indices, Metals, Equity Shares, and Cryptocurrencies.
In line with sound risk management practices, we allow up to 30:1 leverage.
Trading hours are set by our broker, QuadCode. SabioTrade does not have any control over the specific trading hours for the products offered by QuadCode.
Please note that holidays can have an impact on available trading hours.
Additionally, pursuant to the no holding trades over the weekend rule, we close all open trades at 3:45pm EST on Fridays.
Yes, you can trade during the news
Charges come across in the name of CODEVIL.