TRADINGRULES & ACCOUNT LIMITS
Focus on making gain — not on complying with a long list of trading rules.
Focus on making gain — not on complying with a long list of trading rules.
At Global Prop Trader, we make it easy to focus on what’s most important… finding good trades and making a gain.
A stop-loss is required for each trade.
All positions should be closed on Friday 3:45 PM Eastern Standard Time.
Traders may have a maximum number of open lots equal to 1/10000 the size of their account.
Breaching these account limits will result in closing of trader’s account and a reset will be required to qualify for a funded account.
Traders may not incur losses exceeding 6%, on a trailing basis up to starting balance +6%. Once a trader has reached 6% gains in their account, the trailing drawdown becomes obsolete, and traders are allowed to drawdown back to their starting balance before breaching.
*Note: The daily loss limit applies to current daily equity. For example, a trader with a $100,000 funded account would have a $5,000 daily loss limit.
In order to keep your account active, you MUST be sure to take at least one trade every 30 days. Accounts that sit dormant for 30 days will be closed immediately. This is considered a hard breach and leads to the loss of your account.
Capital and opportunity are the key components required for a skilled trader to thrive. As a result, we have made it our mission to expedite trader funding and assist gainable traders in capitalizing on their achievements.