What is the risk management group?
This is a temporary group in which Alpha Pro qualified analyst accounts could be moved into dependant on the trading style and approach to risk on the account, (see below 4 qualifying categories)
What is the leverage reduction?
Up to 1:30 leverage
FX | Metals | Indicies | Oil |
1:30 (3%) | 1:9 (11%) | 1:10 (10%) | 1:10 (10%) |
In line with a leverage reduction, the maximum lot exposure on pro accounts is also reduced on the risk management group
5k | 10k | 25k | 50k | 100k | 200k |
Max 1.25lots | Max 2.5lots | Max 5lots | Max 10lots | Max 20 lots | Max 40 lots |
During the account review at the withdrawal stage, should any violations of this rule be identified, we adhere to a rigorous procedure.
Upon the initial instance of violating this rule, Performance bonus acquired through lot sizes exceeding the permissible limit will not be eligible for withdrawal.
Upon the second instance of violating this rule, This will lead to the performance bonus being forfeited and the analysis account being deactivated.
Please note that violations are assessed per position, not per trade idea. Therefore, a sequence of trades can result in multiple violations of this rule. For example, if the maximum lot limit for an account is 10 lots, a single trade of 11 lots followed by another trade of 1 lot, while the first trade remains open, will result in two breach counts and the account's closure.
During the assessment completion review & performance fee request, our risk team reviews the full trading history of each account.
Qualifying Categories:
· Consistently losing or risking 3.5-5% in a single trade or sequence of trades closed around the same time.
· All or nothing style approach
· Excessive max lot / max margin usage
· Gambling through high-impact news (both during assessment & soft breach on qualified accounts)
· Account rolling** (full risk on assessment or qualified accounts to either pass or fail &/or large quantity of accounts passing & failing within a short timeframe. Previous failed accounts are taken into consideration)
** Account rolling: May also lead to a 30-day pause of services to help prevent clients from consistently mistreating our assessment and qualified accounts through not taking a serious approach to risk management and longevity of the account)
Can an account be moved back to Pro leverage?
Yes! After 2 successful performance fees, the account is eligible for a review to be moved back to Pro leverage of up to 1:100.
Can an account be scaled or merged?
No, accounts under the risk management group need to be moved back to normal leverage before being able to participate in our scaling plan or get merged.
Please note, we hold the right to impose further restrictions should we deem this necessary. These restrictions include but are not limited to:
Single Position Limit: The maximum allowable risk for any single position is 1% of your initial balance.
Reduced Leverage
Cooling off period: Example. If you incur a loss of 1% on a specific symbol whilst under further restricted restrictions you may have to wait a period of time before opening a new trade.