The Alpha Swing plan is designed for traders who prefer longer-term strategies, with relaxed rules on news trading and weekend holds. This plan provides flexibility, making it ideal for traders who need more freedom in their trading approach.
Key Features:
Profit Targets, Drawdown Limits:
Phase 1 profit target: 10%
Phase 2 profit target: 5%
Max Drawdown (static): 10%
Max Daily Drawdown (balance-based): 5%
Minimum trading days (for each phase): 3
For more information on how the daily drawdown works, please refer to our dedicated article.
Leverage & Lot Exposure:
The Alpha Swing plan offers leverage of up to 1:30 across different asset classes, giving traders the ability to manage larger positions relative to their account size:
FX: 1:30
Metals: 1:9
Indices: 1:10
Oil: 1:10
Alongside leverage, the maximum lot exposure on a Swing account is adjusted based on account size, as follows:
$5k = Max 1.25 lots
$10k = Max 2.5 lots
$25k = Max 5 lots
$50k = Max 10 lots
$100k = Max 20 lots
$200k = Max 40 lots
$300k = Max 60 lots
Please note that the maximum lot exposure will depend on your leverage requirements and available margin.
During the account review at the withdrawal stage, should any violations of this rule be identified, we follow a strict procedure:
Upon the first instance of violating this rule, the performance fee earned through lot sizes exceeding the permitted limit will not be eligible for withdrawal.
Upon the second instance of violating this rule, the performance fee will be forfeited and the Qualified Analyst Account will be 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 closure of the account.
Additional Features:
News Trading: Trading during major news events is allowed. However, if a trade is initiated within 2 minutes before or up to 2 minutes after a news release (a 4-minute window), its duration must exceed 2 minutes for the trade to be valid.
For more information about news releases and targeted instruments, please refer to our news trading article.
Weekend Hold:
Phase 1/2: Holding trades over the weekend is allowed.
Qualified Analyst Account: Holding trades over the weekend is also allowed.
Important Notices
Swing accounts are only available with the On-Demand payout type.
They are also subject to gambling rules and to the Risk Management Group.
Maximum allocation
The maximum allocation is $400,000, which is shared across all four plans: Pro, Swing, One, and Three.