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Account & ProgramExplainer
What circumstances might lead to account closure?
Most common ways of violating an account:
- Weekend Holding Without Prior Approval.
- Violation of a Drawdown Metric: Either a 4% equity-based daily drawdown or an 8% total drawdown, trailing of balance, or highest equity.
- Inactivity for 30 Days on the Challenge or Evaluation Account.
- Live sim Account management (challenge/funded)
- High Exposure: Your exposure/risk should not exceed 1% of the lower value between your initial account balance and your current balance at any given time, on any given trade idea. If drawdown per trade idea exceeds 1% this can lead to account closure. Accounts above the two-hundred-thousand mark will require adhering to a 0.5% risk limit per trade idea. If drawdown per trade idea exceeds these thresholds, this can lead to account closure. We have this in place to mitigate the risk as a FastPass Applicable operating firm - Keeping your risk to 0.5-1% per trade (depending on account size) is optimal for maintaining high performance.
- All-or-Nothing Approach: The "all or nothing" approach is strictly banned. Your trading performance will be evaluated by our risk team to ensure that you are not engaging in any gambling behavior. Rest assured, if you are a consistent and skilled trader, you have nothing to worry about.
Any breach of these rules will result in a breach of your account. The account termination after 30 days of inactivity aims to prevent vacant accounts in our system. However, if you anticipate a prolonged period of inactivity, you can inform our team in advance, and we'll ensure the security of your account. You can also update our team with the reason for inactivity before the 30-day mark, and this violation won't apply. Continuous copy trading or account management warnings can also lead to account termination.
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