Assessment & Verification - Allocation Rules
For Assessment accounts, there are no maximum limits on your purchases. This flexibility allows you to explore and utilize the platform without restriction. The maximum allocation limit, however, does apply to Qualified Analyst accounts.
Qualified Analyst Account - Allocation Rules
For Qualified Analysts, we maintain a maximum allocation of $400,000. Please note that we have a $300,000 limit per strategy, we define "strategy" as the assets themselves.
This means that you cannot trade the same asset on 2 x $200,000 (or any sum of accounts over and above $300,000) of qualified analyst accounts as this would be in breach of our maximum allocation per strategy.
For Example
If you are trading GBPJPY on a $300,000 account and EURUSD on another account of $100,000, then this is treated as a distinctive strategy. Each currency pair has its own tendencies and market behavior, so trading them is considered a separate strategy, even if the criteria for entering and exiting the positions are the same.
However, please note that you cannot trade different but correlated assets to exceed your maximum allocation for the same trade idea. For example, suppose you have a trade idea on EURUSD in a $200,000 account, and you place the same trade on GBPUSD in another $200,000 account. In that case, this will be considered a breach of the maximum allocation, as you would effectively be trading $400,000 on the same trading setup at the same time, thereby breaching the $300,000 maximum allocation rule per strategy. The main issue in this example is that entry and exit positions are being taken simultaneously. Therefore, trading EURUSD and GBPUSD on two $200,000 accounts is still allowed under our rules, as long as the trades are opened and closed at different times — essentially, different trade ideas.
Further Clarification
If you have account #1 - $200.000 qualified, and account #2 - $200.000 qualified, if you trade XAUUSD on account #1, you must NEVER trade XAUUSD on account #2, even if it's on a different day, week, etc. As long as account #1 is active, XAUUSD (and any other assets you traded on account #1) must NOT be traded on account #2.
Our Max Strategy rule ensures diversified risk management across your accounts. For example, while you can manage two $200,000 accounts individually, applying the same strategy to both would not be permitted.
To Summarize
$400,000 is the MAXIMUM allocation for Qualified Analyst Accounts per individual trader (before capital growth)
$300,000 is the MAXIMUM allocation per trading strategy on a Qualified Analyst Account, this is Asset-based. (See Examples Above)
Assessment & Evaluation accounts have no maximum allocation
You can purchase as many accounts as you like
If Additional information is required please reach out to the support team at [email protected] and we will address your query