If the rule is not listed below, it does not exist! Unlike many prop firms that have hidden rules designed to make you fail, we keep it realistic and simple with the aim to make you a funded, career prop trader.

The rules are split into two categories, HARD and SOFT breach.

• 5% Daily Loss Limit (hard breach)

• 6% Max Trailing Drawdown (hard breach)

• Failure to trade at least once every 30 days (hard breach)

• Stop-loss required at the time of opening a trade, on both pending and instant orders. (soft breach)

• You have the option to by-pass this rule with an add-on that can be purchased at the check-out.

Flat for the weekend. All positions must be closed by 3.45 EST (soft breach). You have the option to by-pass this rule with an add-on that can be purchased at the check-out.

Maximum open positions in lots, must not exceed 1/10000th on the size of the assessment account (soft breach) For example, a $50,000 account can have up to 5 lots open with risk.

The Profit Target for your assessment account is 10%

The daily loss limit is calculated based on the previous day’s end of day (5 pm EST).

Unlike many other prop firms, we do not base the calculation on the previous day’s equity. Using the balance model allows you to scale profits without the fear of a hard breach.

Let’s looks at an example:

If you have a closing balance at 5 pm EST on Monday of $50,000, you will violate a daily stop loss limit (hard breach) on Tuesday if the account equity reached $48,000. However, if you were able to take the account to $53,000 on Tuesday, your daily loss limit would still be calculated from $50,000 so would remain at $48,000.

Below are the maximum open lots across all pairs that a trader can have at any given time.

• $12.5k - 1.25 lots with risk

• $25K - 2.5 lots with risk

• $50K - 5 lots with risk

• $100K - 10 lots with risk

• $250K - 25 lots with risk

• $500K - 50 lots with risk

For example, if you are on the $100k plan you will have 10 open lots with risk available. If you buy 5 lots of EURUSD at 1.20 and your stop loss is at 1.18, you will have 5 lots at risk, so you will still have 5 still available. If the EURUSD moves up to 1.25, and you update your stop loss to be at 1.20, which would be your open price, you no longer have risk on that trade. So, you would again have 10 lots available, even though you currently have 5 lots open.

If you put too many trades at 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.

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.

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.

You are able to purchase an add- on at the checkout, to by-pass this rule. The additional cost is to compensate for the additional risk that we are exposed to.

SOFT breach means that we will close all the trades that have violated the rule. However, you can continue trading in your Assessment of Funded account.

HARD breach means that you have violated either the Daily Loss limit, the Max Trailing Drawdown rule or the 30 day inactivity rule.

A violation of any of these three rules would constitute a hard breach. In the event of a hard breach, you would be deemed to have failed the Assessment phase and would need to re-purchase a new assessment. A Funded account would also be stopped and removed.

You will be invited to repurchase a brand new Assessment to start over.

Maximum Trailing drawdown is the maximum your account can drawdown before you would violate a hard breach on your account.

When you initiate your account for the first time, your Max trailing drawdown is set at 6% of your account.

This trails you balance, until you reach 6% in profits in your account. Once that has been achieved, you maximum trailing drawdown is locked in at your starting balance and no longer trails your account.

Let’s look at an example: If your starting balance is $100,000, you can drawdown to $94,000 before you would violate the maximum trailing drawdown rule (as long as not in a single day, which would violate the 5% daily drawdown rule).

Let’s assume you take the account balance to $103,000. This is your new high-water mark which would mean your new Maximum trailing drawdown would be $97,000. Now let’s assume you were able to take your account balance to $106,000. This would be your new high watermark.

At this point the maximum trailing drawdown would be locked in at your starting balance of $100,000 as your account is now 6% in profit. So regardless of how high you grow your account, you would not have a hard breach and violate the max trailing drawdown rule, until fall back to $100,000. In theory, this could mean, that with your mentoring and coaching from The City Traders, you could take your account to $250,000 and would only violate the maximum trailing draw down, if you fell back to $100,000.

As long as you don’t violate the Daily drawdown limit of 5%.

• 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

We believe sound risk management using stop losses.  If you fail to place a stop loss at the time of placing the trade or pending order, this would be a soft breach and the trade or pending order would be closed/cancelled.

As this is a soft breach, you would be able to continue to trade. Multiple soft breaches could result in a call from our risk management team. This is after all real money!

You are able to purchase an add- on at the checkout, to by-pass this rule. The additional cost is to compensate for the additional risk that we are exposed to.

Upon passing your Assessment, you will receive an email with instructions on how to access and complete your Trader Agreement. Once the agreement is completed and supporting documentation is provided, your Live Account will be created, funded and issued to you typically within 24-48 business hours.

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 Trailing Drawdown, stop loss and position limits apply.

No.  We operate at 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. 

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 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. 

We reserve the right to 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 Broker reserve the right to refuse to accept any order.

The rules for the Funded Account are exactly the same as your Assessment account. However, with a Funded Account, there is no profit target.

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 75% portion ($7,500).

Traders can request a withdrawal of the gains in their Live Account at any time on their trader dashboard, but no more frequently than once per thirty (30) days. So, if you make a gain in your Live Account, you can request a withdrawal. When you are ready to withdraw the gains from your Live Account, click the Withdrawal button on your trader's dashboard and enter the amount to withdraw. Once your withdrawal request is approved, we will pay the monies owed to you via your selected method.

Your first withdrawal can be requested at any time.  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, and your max trailing drawdown will lock in at your starting balance.

The trailing 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 $12,000 and we would retain $4,000. This would also take the balance of the account down to $104,000, and your Maximum Trailing Drawdown is locked in at $100,000.

So, you would have $4,000 maximum you could lose on the account before it would violate the Maximum Trailing Drawdown rule. If you take a full withdrawal of the gains in your Funded Account, the Maximum Trailing Drawdown will still lock in at the starting balance and will therefore result in the forfeiting of your Funded Account, as your balance will trigger the Maximum Trailing Drawdown breach rule.  

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.

You can trade any products offered by EightCap. This includes FX pairs and CFD Indices, Metals, Equity Shares, and Cryptocurrencies.

Yes, you can trade during the news provided that pricing data from the Broker continue to be provided.

We allow up to 10:1 leverage. Forex, Metals, and Indices are 10:1. Equity shares are 5:1. Cryptos are 2:1.

If the Double Leverage Add-on is purchased, Forex and Metals will be 20:1.

Trading hours are set by the Broker. 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.

Subject to our policy on Prohibited Trading as described here, you can trade using an Expert Advisor.

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 funded 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 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.

All countries, excluding OFAC listed countries, can take part in our program.

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.

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.

You are permitted to take 1 EVALUATION at a time. $2 million max per person (can be made up of multiple assessments, provided none are same size at the same time)

You must be at least 18 years of age, or the applicable minimum legal age in your country, 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.

Charges come across in the name of Dashboardanalytix.com.

When trading a 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 gains.

1. Customers are registered to an affiliate during Customer Registration (i.e., when the customer account is created). This is a separate process from checkout.
2. A customer who creates an account that is NOT registered to an affiliate cannot be registered with an affiliate at a later point. At this point, they are no longer new customers and, therefore, the affiliate has not introduced them to your firm.
A customer who is registered with an affiliate will remain registered forever. An affiliate will receive affiliate credit for ALL orders from that customer for their lifetime.