The Evaluation Trader is allowed to go through the Evaluation Phase for up to 6 months to ‎accommodate various trading ‎strategies.

If 6 months have passed, and the Evaluation Trader has not reached the Profit Target $ yet, ‎LCT will ‎terminate the funded account, and the Evaluation Trader will be disqualified. 

The Evaluation Trader needs to have at least 30 Active Trading Days throughout the ‎Evaluation Phase.
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The Active Trading Days are NOT calendar days.

An Active Trading Day is a day the Evaluation Trader opens a new trade on a new day. ‎

For example, if the Evaluation Trader opens EURUSD trade on Monday, and closes the ‎same trade on Thursday, this counts as 1 Active Trading Day. The Active Trading Day that ‎counts is the day that EURUSD was opened and not the full duration of the trade.

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.

The Max Loss for the Portfolio Managers is a 5% Absolute Drawdown (fixed loss) from the Initial Balance.

The fixed loss is defined as 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 on a $10K Standard Evaluation. The stop-out level based on the 5% Fixed loss would be $10,000 – (5% x $10,000) = $9,500. So, the funded trader would not lose the account until the account balance or equity hits $9,500.

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.