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RULES & FAQs

To access live funding account, you need to demonstrate your trading skills on a DEMO account by generating a 10% return without losing more than 5% overall if you elected to do the evaluation in one step, if you choose to do the evaluation over 2 steps the cost are lowered and you are given more lee-way on drawdowns.

See below FAQs for more guidance.

LOCATION

GLOBAL

ACCOUNT SIZE

$50,000 - $400,000

  • How do you calculate the 5% Daily Loss Limit- Two Step Account
    The Daily Loss Limit is the maximum your account can lose in any given day. Daily Loss Limit is calculated using the previous day balance which resets at 5 PM EST. The Daily Stop compounds with the increase in your account. 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. If your floating equity is +$5,000 on a $100,000 account, your new- day (5pm EST) max loss is based on your balance from the previous day ($100,000). So, your daily loss limit would still be $95,000.
  • Is there a breach for inactivity?
    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.
  • How do you calculate the 8% Maximum Drawdown? Two Step Account
    Maximum drawdown is the maximum your account can drawdown before you would hard breach your account. When you open the account, your Maximum Drawdown is set at 8% of your starting balance. This 8% is static and does not trail.
  • What is the difference between a Hard Breach and Soft Breach Rule?
    ● Soft breach means that we will close all trades that have violated the rule. However, you can continue trading in your Assessment or Live Account. ● Hard breach means that you violated either the Daily Loss Limit or Max Trailing Drawdown rule. Both rules constitute a hard breach. In the event you have a hard breach, you will fail the Assessment or have your Live Account taken away.
  • How do you calculate the 6% Maximum DrawDown? One Step Account
    The Maximum Drawdown is initially set at 6% and is static (using CLOSED BALANCE) and will therefore remain at the same value for as long as the account will remain active. Example: If your starting balance is $100,000, you can drawdown to $94,000 before you would violate the Maximum Drawdown rule. Then for example let's say you take your account to $102,000 in CLOSED BALANCE, your Maximum Drawdown would remain locked at $94,000. So, regardless of how high your account goes, your drawdown will remain the same (note, you can still violate the daily drawdown).
  • How do you calculate the 5% Daily Loss Limit- One Step Account
    The Daily Loss Limit is the maximum your account can lose in any given day. Daily Loss Limit is calculated using the previous day balance which resets at 5 PM EST. Unlike other firms, we do NOT base our calculations on previous day equity since the balance only model allows you to scale gains without fear of losing your account. The Daily Stop compounds with the increase in your account. 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. If your floating equity is +$5,000 on a $100,000 account, your new day (5pm EST) max loss is based on your balance from the previous day ($100,000). So, your daily loss limit would still be $95,000.
  • Can I hold positions over the weekend?
    Positions can be held over the weekend although only Crypto allows weekend trading.
  • When can I withdraw the gains in my Funded Account and how does that affect my Maximum Drawdown?
    Your first withdrawal can be requested at any time, subject to an 80/20 profit split. Thereafter, you can request a withdrawal of the gains in your account every 30 days. When a withdrawal is approved, we will also withdraw our share of the gains. The drawdown does not reset when you request a withdrawal. Example: You have taken an account from $100,000 to $120,000. You then request a withdrawal of $16,000. In this scenario, you will receive $12,800 and we would retain $3,200. This would also take the balance of the account down to $104,000, and your Maximum Drawdown will remain$94,000. So, you would have $10,000 maximum you could lose on the account before it would violate the Maximum Drawdown rule. If you take a full withdrawal of the gains in your Funded Account, the Maximum Drawdown will still remain at $94,000.
  • If I have a hard breach in my live account and there are profits, do I forfeit those gains?
    If you have gains in your Live Account at the time of a hard breach, you will still receive your portion of those gains. 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 gains in your Live Account, you would be paid your portion thereof.
  • How do I withdraw the gains in my Live Account?
    Traders can request a withdrawal of the gains in their funded account at any time in their trader dashboard, but no more frequently than once per thirty (30) days. So, if you make gain in your funded account, you can request a withdrawal. When you are ready to withdraw the gains from your funded account, click the Withdraw Profits button in your trader dashboard and enter the amount to withdraw. All such gains are distributed via the available outbound payment solutions offered from time to time. Once your withdrawal request is approved, we will pay the monies owed to you. We reserve the right to change the withdrawal methods and options at any time.
  • Am I subject to any position limits?
    The maximum position that you may open is determined by your available margin. We reserve the right to increase the margin requirement, limit the number of open positions you may enter or maintain in the Funded Account at any time, and to revise in response to market conditions the drawdown levels at which trading in the funded account will be halted. We or the Liquidity Provider reserve the right to refuse to accept any order.
  • Who is the counterparty to my trades?
    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 counterparty to your trades, the gain or loss on your Live 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.
  • How long does it take to receive my Live Account?
    Upon passing your Assessment, you will receive an email with instructions on how to access and complete both your “Know Your Customer” verification and your “Trader Agreement”. Once both are completed and supporting documentation is provided, your Funded Account will be created, funded and issued to you typically within 24-48 business hours. You will receive a confirmation email once this account is being enabled.
  • Do we manipulate the pricing or executions you receive in your Live Account?
    No. We operate at an arm's length with the Broker. All market pricing and trade executions are provided by the Broker and are not changed or modified by us. Additionally, we do not mark up transaction costs established by the Broker through adjusting bid-offer spreads, markups/markdowns, commission charges or swaps.
  • What are the rules for the Live Account?
    The rules for the funded account are exactly the same as your Assessment account. However, with a funded account, there is no profit target.
  • Once I pass the Assessment am I provided with a demo or live account?
    Once you pass the Assessment, we provide you with a live account, backed by our capital. The capital in your Live Account is notional and may not match the amount of capital on deposit with the Broker. A Live Account is notionally funded when actual funds in the account (i.e., the equity in a Live Account represented by the amount of capital) differs from the nominal account size (i.e., the size of the Live 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 Live 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 Trailing Drawdown, stop loss and position limits apply.
  • What is the leverage?
    We offer up to 50:1 leverage on Forex and Metals, up to 10:1 leverage on Indices, up to 5:1 leverage on Oil and up to 2:1 leverage on Cryptocurrencies.
  • How will I see the charge on my Statement?
    Charges come across in the name of Dashboardanalytix.com.
  • How are taxes handled?
    Once trading a Live account you sign an agreement declaring that you are an Independent contract. Thus any tax filing is your sole responsibility.
  • Can I trade during the News?
    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.
  • Do you offer educational services, 1 on 1 mentorship/coaching?
    We provide educational services and an analysis of the markets for $50 a month. Terms and Conditions apply. We have discontinued our mentoring program for now though. This is separate from our prop firm activities and can be accessed only after a trader applies for these services.
  • What countries are accepted ?
    Subject to compliance with applicable laws and regulations, traders from all countries, excluding OFAC listed countries, can take part in our program. See official list OFAC list as a guide: https://ofac.treasury.gov/sanctions-programs-and-country-information
  • What is the minimum age I must be to be part of your program?
    You must be at least 18 years of age, or the applicable minimum legal age in your country, to purchase an assessment.
  • Can I have multiple trader funding accounts?
    Yes once the accounts are different sizes. For example you can have a 100k and 200k account but not two 50k accounts.
  • Do I have to use one of your accounts for the Assessment or can I use my own?
    OurInterest has risk management synced with the accounts we create. We can thus analyse your performance in real time for achievements or rule violations. Thus you must use our accounts and broker.
  • Where do I track the progress of my account?
    Upon purchasing an Assessment, you will receive access to a trader dashboard where you can monitor your Assessment and Live 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.
  • What is 1 lot equal to ... ?
    ● Forex: 1 lot = $100k notional ● Index: 1 lot = 1 Contract Exceptions: SPX500: 1 lot = 10 contracts JPN225: 1 lot = 500 contracts ● Cryptos: 1 lot = 1 coin ● Silver: 1 lot = 5000 ounces ● Gold: 1 lot = 100 ounces ● Oil: 1 lot = 100 barrels
  • What are the trading hours?
    Trading hours are generally set by the Liquidity Provider, unless set by our rules. We do not have any control over the trading hours. You can see the trading hours for each product by using the following methods: DXtrade – Right click symbol, select “Instrument Info” MatchTrader – Click symbol to expand, select “Info” cTrader – Navigate to Symbol Window, scroll down to see “Market Hours” for selected symbol. Please note that holidays can have an impact on available trading hours.
  • How are affiliates credited?
    Affiliates are credited for referrals when a user creates an account using a link or discount code provided by the Affiliate.
  • What Platform can I trade on?
    Our technology is currently integrated with DXtrade, MatchTrader & cTrader platforms via GooeyTrade.
  • Can anyone trade?
    Trading is not for everyone and while we can’t pin-point who will be a good or bad trader right away we can outline the traits of professional traders. Professional traders: Understand risk management Control emotions Know when to take a break
  • Can I use Automated Strategies ?
    Subject to our policy on Prohibited Trading as described below, you can trade using an automated strategy.
  • What is the policy on Prohibited Trading Activity?
    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: ● Exploiting errors or latency in the pricing and/or platform(s) provided by the Broker ● Utilizing non-public and/or insider information ● Front-running of trades placed elsewhere ● Trading in any way that jeopardizes the relationship that the Company has with a Broker or may result in the canceling of trades ● Trading in any way that creates regulatory issues for the Broker ● Utilizing any third-party strategy, off-the-shelf strategy or one marketed to pass challenge accounts ● Utilizing one strategy to pass an assessment and then utilizing a different strategy in a live account, as determined by the Company in cooperation with Prop Account, LLC at their discretion ● Holding a Single Share Equity CFD position into an earnings release pertaining to that underlying equity. To avoid being in breach of this rule, you must close all such Single Share Equity CFD positions by 3:50 pm Eastern Time on the day of the release, if an aftermarket release, or on the preceding day, if a before market open release. Violation of this rule will constitute an immediate, hard breach of your account and any gain or loss on said position will be removed from any calculations. ● Entering into an Equity CFD at or near the end of the trading day with intent of profiting from the marketing gap between when the market closes and reopens on the subsequent trading day, as determined by the Company in its sole and absolute discretion. ● Attempting to arbitrage an assessment account with another account with the Company or any third-party company, as determined by the Company in its sole and absolute discretion. ● 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 live 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 live 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://www.ourinterest.org/disclaimer-privacy-notice
  • What products can I trade?
    You can trade any products streamed by the Liquidity Provider into the available platforms, as such products may change from time to time. This includes FX pairs and CFD Indices, Metals, and Cryptocurrencies.
  • Do your accounts charge commissions?
    Funded accounts receive the same pricing and commissions as charged by our Liquidity Provider to other, self-funded, retail trading accounts.
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