SKIP THE EVALUATION WITH DIRECT FUNDING PROGRAM
THE SIMPLEST RULES FOR FUNDED TRADERS
The Max Loss for the Portfolio Managers is a 5% Absolute Drawdown (fixed loss) from the Initial Balance.
The fixed loss is defined by a 5% Loss of the Initial Account Balance (Not Relative).
The losses can never exceed 5% of the Initial Account Balance.
Formula: Stop Out Level $ = Initial Account Balance – (5% x Initial Account Balance).
Example
If you are a Portfolio Manager on a $40K funded account. The stop out level based on the 5% Fixed loss would be $40,000 – (5% x $40,000) = $38,000. So, the funded trader would not lose the account until the account balance or equity hits $38,000.
The Evaluation Trader must have a Stop Loss placed as soon as possible for every and each pending limit order, stop order, and/or market order and for all open trades.
The Evaluation Trader must have a Max Stop Loss of 1.5% of the Initial Account Balance for every market order, pending order, or stop order.
Any trades closed without a Stop Loss will be considered a violation of our risk management guidelines.
If the funded trader opens multiple positions on the same currency pair, each position’s risk can be up to 1.5% of the initial account balance. So, the funded trader can open multiple positions with a 1.5% risk each. So, for example, if you wanted to risk 3% on a trade, you can split the risk into 2 positions, each 1.5% risk but you cannot risk 3% into one position.
Formula: Max Risk Per Position = 1.5% x Initial Account Balance.
If you maintain 2% profit per moth you can use FREE online trading platform otherwise there is a fee £49 per month for LCT funded traders as long as funded account is active.
