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 GBPUSD on a $300,000 account and EURUSD on another account of $100,000 then this is treated as distinctive strategies as each currency pair has its own tendencies and market behaviour therefore trading them is considered separate strategies, even if the criteria for entering and exiting the positions are the same.
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
To ensure compliance with the maximum allocation rule for Qualified Analyst accounts, any exceeding accounts will be refunded. This measure safeguards fair and balanced resource allocation across all qualified analysts.
To avoid potential withdrawal delays, Qualified Analysts are strongly advised to ensure their strategies adhere to the Max Strategy guidelines.
Should a Qualified Analyst be found to exceed the Max Strategy limitations, corrective actions will be taken, including the refunding of all Qualified Analyst accounts.
If Additional information is required please reach out to the support team at [email protected] and we will address your query