Frequently asked questions
Trading Rules
- 4% Daily Loss Limit (hard breach)
- 5% Max Trailing Drawdown (hard breach)
- Must place a trade once every 30 days (hard breach)
- Stop-loss required for each trade (soft breach)
- Flat for the weekend — all positions closed on Friday at 3:45PM EST (soft breach)
- Maximum open positions must not exceed 1/10000th the size of the Assessment account (soft breach)
Our daily draw down is 4%, calculated using the previous day’s balance.
Daily draw down resets 5 PM EST or broker time 00:00:00.
Examples
Example:1
if your previous day’s balance at 5 PM EST/00:00:00 broker time were $100,000, your account would violate the daily stop-loss limit if your equity reached $96,000.
If your floating equity is +$10,000 on a $100,000 account, your new-day 5 PM EST/00:00:00 broker daily max loss is based on your closing balance from the previous day ($100,000). So, your daily drawdown limit would still be $96,000.
Note: once your closing balance is $105,000 or above at any time of day.
Your maximum overall drawdown is locked at $100,000 concerning the 5% overall drawdown rule.
Example:2
If your closing balance is $110,000 on a $100,000 account, your new-day 5 PM EST/00:00:00 broker daily max loss is based on your closing balance from the previous day ($110,000). So, your daily drawdown limit would set 4% ($4400) of $110,000, which is $105,600.
The Overall Maximum Trailing Drawdown is set initially at 5% and trails (using CLOSED BALANCE – NOT equity) your account until you have completed a 5% return in your account. Once you have completed a 5% return, the Maximum Trailing Drawdown no longer trails and is permanently locked in at your starting balance.
Example:
If you started with $100,000, your overall maximum drawdown Level would be $95,000 (5% of $100,000). If you can grow the account to $103,000, your overall maximum drawdown Level would be $98,000.
But, once your closing balance is $105,000 or above at any time of day.
Your maximum overall drawdown is locked at $100,000
Even if you reach $150,000 closed balanced, your maximum drawdown still stands at $100,000, which is a $50,000 overall loss limit, given that the traders do not breach the 4% daily drawdown limit.
The stop-loss rule is applicable the trader must enter the stop loss before executing the trade. In line with sound risk management practices, we require a stop loss on every trade. If you fail to place a stop loss at the time of placing the trade/order, we will close the trade. This is a only soft breach rule, so you can continue trading in your account.
Trader can hold trades overnight. But Over weekend Trade holding not allowed, We require all trades to be closed by 3:45 PM EST on Friday. Any trades left open after this time will automatically be closed. Note that 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.
The maximum lot size trader can is as follows.
- Account Size $25,000 – 2.5 Lots
- Account Size $50,000 – 5 Lots
- Account Size $100,000 – 10 Lots
- Account Size $200,000- 20 Lots
- Account Size $250,000 – 25 Lots
- Account Size $400,000 – 40 Lots
- Account Size $500,000 – 50 Lots
For example,
example based on a $100,000 account.
If you buy 5 lots of EURUSD at 1.30 and the stop loss is at 1.26, you have a margin of 40 pips. Once the market reaches 1.35, you can secure the position by breaking even the trade at the original price of 1.30. You still have the window to open additional 10 lots along with the previously taken 5 lots, which are still running with stop loss at breakeven.
If you put on too many trades with risk, then our system will liquidate all trades that currently have risk.
Please note, margin and leverage requirements still apply. So, even though these are the maximum lots that can be traded, it is possible based on the leverage of the account that you may not be able to trade up the maximum.
- Forex– 1 lot = $100k notional
- Index– 1 lot = 10 Contracts
- Cryptos– 1 lot = 1 coin
- Stocks – 1 lot = 100 shares
- Silver– 1 lot = 5000 ounces
- Gold – 1 lot = 100 ounces
- Oil – 1 lot = 1000 barrels
- Soft breach means that we will close all trades that have violated the rule. However, you can continue trading in your Appraisal Assessment or Elevated Funded 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 Funded account taken away.
Once you buy the plan, there is no refund.
Elevated Funded Accounts
The rules for the Funded account are the same as your Appraisal Assessment account. However, with a Funded account, there is no cap on the profits you can generate.
Once you pass the Appraisal Assessment, we provide you with an Elevated live account, funded with real capital
If you have profits in your Elevated 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 75% portion ($7,500).
You can withdrawal your profits at any time, once per calendar month. 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. This means that if you take a full withdrawal of your share of the profits made in your account, it will also serve as a breach of your account.
Elevate Trader 75% – Elevate Talent 25%
You have the freedom of choosing your first payout whenever you’d like. You can choose not to ask for a payout and infinitely compound your account. The profit split is 75/25 with the trader (you) keeping 75% of withdrawn profits. We limit you to 1 payout every 30 days, however, your first payout can be any day you choose.
Example: you have a $100,000 funded account. You earn $10,000 on it and are now at $110,000, three days into trading your funded account. You may request withdrawal instantly via email to ([email protected])
Important: Your drawdown is permanently locked in at your funded accounts original value (in this case $100,000), the drawdown does NOT reset after withdrawal. In this example, if you were to withdraw $10,000, you will have breached the Maximum Trailing Drawdown Rule. Your first withdrawal or being 5% in profit will lock in your drawdown to the original balance of the starting account, which in this case would be $100,000.
This means if you are at $110,000 and you withdraw $5,000. You will be paid out and your funded account will be active and can be traded. $5000 becomes your “max” drawdown since the drawdown is locked at the original $100,000. This also means that if you compound a $100,000 to $200,000. You may request a withdrawal of $75,000 instantly and will now have a $25,000 buffer for your drawdown.
Other example includes if you have profited $3,000 on a $100,000 account. If you withdraw the whole $3,000, the account will be closed after the withdrawal. But, if you withdraw $2,000, account will stay active but the drawdown will be locked at $100,000. In this case, you will only have $1,000 as the buffer in drawdown.
In short, the drawdown is locked at $100,000 once you request withdrawal, regardless if your account has grown to $103,000 or $110,000. Your withdrawal should not be the full amount as it will reach the drawdown threshold of $100,000 and will be closed. Therefore, it is suggested to withdraw the funds keeping the buffer. For example, out of $110,000, withdraw the amount lower than $10,000, keeping in mind, if you withdraw $9,000, the buffer amount would only be $1,000 till you reach the drawdown threshold of $100,000.
General Question
An Elevate Appraisal is the one-step demo assessment account.
An Elevate Funded account is the live account.
Appraisal account:
Account creation is automated; once the payment is processed, usually it takes 20/30 minutes to get the account credentials on your registered email address.
Elevated Account.
The capability is entirely dependent on the traders; We work with a company called Deel to issue trader agreements and process withdrawals of profits. Upon passing your Appraisal, you will receive an email from Gabriella from Deel [email protected] with instructions on accessing and completing your Trader Agreement. Once the agreement is completed and supporting Know Your Customer documents are provided, your Elevated account will be created, funded with real money and issued to you typically within 24-48 business hours.
Absolutely not! The trader has complete freedom to achieve the target in days, months or a year. There is no minimum or maximum days for a trader to qualify as a long as the trader smashes 10% Profit before crossing the 4% daily drawdown and 5% overall drawdown
When you are ready to withdraw your profits, please send an email to our support email with the amount you would like to withdraw. We will then post your profit share into your Deel account, which you can withdraw via any of the available methods they offer.
At any given time, if the trader is unsuccessful, the trader will have to retry at the full price. Also, the trader is not responsible for any losses.
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.Only DEEL compliant countries are accepted.
You must be at least 18 years of age to purchase an assessment.
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 with the MT4 and MT5 platforms. These platforms, along with pricing and execution are provided by our broker, EightCap.
You can trade any products offered by EightCap. This includes FX pairs and CFD Indices, Metals, Equity Shares, and Cryptocurrencies.
In line with sound risk management practices, we allow up to 10:1 leverage.
Forex, Metals, and Indices are 10:1. Equity Shares are 5:1. Cryptos are 2:1
Trading hours are set by EightCap. We do not have any control over the trading hours. You can see the trading hours for each product by right-clicking on any product in the Market Watch window of the MT4 or MT5 platform and selecting Specifications from the dropdown menu.
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.
We use the RAW accounts from EightCap. These accounts have commission charges for Forex and Equity Share CFDs. The other products do not carry a commission.
Yes, you can trade using an Expert Advisor.
Yes, you can trade during the news
When trading a Elevated Funded account for our firm, you are treated as an independent contractor. As a result, you are responsible for any and all taxes on your profit share.
Yes, we only allow trade copier software (social trader) within the Elevate accounts. Also, We do allow for copying from external accounts. However, we will not allow more than $2 million to be connected to a single copied or automated strategy. So if a group of people all decide to deploy the same copy trading strategy, there is a risk we will breach the accounts if the consolidation becomes too great.
Currently, we do not offer merger of 2 different accounts. All accounts should be traded separately.
Absolutely yes.
We allow you to purchase and run multiple accounts simultaneously, but the account size should be different.
For example:
1 x $50,000
1 x $100,000
1 x $200,000
1 x $500,000
To eliminate the element of cheating or hedging between accounts, we do not allow holding multiple accounts of the same size (e.g. 2 x $50,000).
We do not offer the scaling plan as our programs integrate the built-in scaling plan. Also, you can purchase multiple accounts of different sizes and scale the accounts on your own trading skill.
The upscale of every account is limitless.
You can take your account as high as $2,000,000- $5,000,000 trading your own account.
Hedging is allowed. In order to maintain the margin, if you are trading 9 lots on a $100,000 account, you can only hedge with a 1 lot, as the total lots on a $100,000 account can reach up to 10 lots. If the profits are secured with break even, then the lot size of the hedge position can be increased equal to the original position opened. For example, if you took a buy on EURUSD at 1.2000 with 9 lots, market goes to 1.2020. In this case, you can open the sell hedge position up to the same lot sizing of 9 lots, keeping in mind the margin on the metatrader platform.
Have more questions?
Whether you have a question about our services, need assistance or just want to talk, we want to hear from you.
Contact our support team.