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We don’t allow HFT’s on our challenge or funded accounts.

We do not impose any specific limitations or restrictions on the use of trading bots on our platform, if they comply with our terms and conditions. We recommend that you test any trading bots during your evaluation period before using it on a live funded account.

With backed funding from investors, we are given the ability to fund successful traders with live accounts and bask in your success. You are trading a live account when you are funded with our firm.

There are 3 ways to lose an account: Daily Stop Rule, the 5% Trailing Drawdown Rule, or after an inactivity period (not opening or closing a trade) of 30 days.

You are permitted to take 1 EVALUATION at a time. With regard to the concept of ‘limits’ this is where we stand at present: $2 million max per person (can be made up of multiple assessments, provided none are same size at the same time) $2 million max per strategy/EA (can be made up of multiple assessments, provided none are same size at the same time). Note: This applies to “off-shelf” EA’s (EA’s purchased from the market and used by many) We are seeking to fund independent and unquiet strategies not 1 that is the exact same across the board. There is NO limit to how many accounts you may have (as long as it’s within the $2 million limit). There is NO limit for compounding. Up to $2 million of initial funding, then grow the account to any balance you desire – yes, even $10 million, $20 million, and so on.

If the rule isn’t here, you are in the clear. Unlike other prop firms, there are 0 hidden rules. All parameters for the evaluation and the funded account are found on this page. Please make sure to take the time to read every rule below. We are building a firm that focuses on your success, part of that is bringing on traders that understand exactly how we operate. There are only 3 ways to breach and lose an account, please read below for more details: 1. Drawdown Rule 2. Daily Loss Rule 3. Inactivity of 30 days (if you do not place a trade at least once every 30 days on your account, Eightcap/Matrix Trader will consider the account INACTIVE and the account will be breached.

Yes. As long as you are trading within the permitted 1:10 leverage and lot size (seen in your dashboard upon purchase) you may hedge positions on both sides. If you have moved your trade to Breakeven (stop loss locking in a profit on the overall position) your lots will be freed up and can be used to hedge as well. Example: You have a $100,000 account and are trading EUR/USD. EUR/USD is at a current price of 1.11000 (estimation, make sure to use the price of asset at the time of your calculation. You are able to take at max $100,000 * (leverage) = $1,000,000/1.11000 (E/U price) = $900,900 / $100,000 (size of a standard lot) = 9.009 = 9.00 lots max. This means if you enter a BUY on EUR/USD for 9 lots, you will only be able to hedge EUR/USD for 1 lot, as the Maximum Lot Size with Risk permitted is 10 lots. However, if after it begins to go up, you move your Stop Loss to above the entry price (putting you in profit), you will now be able to enter a SELL on EUR/USD for up to 10 lots. Keep in mind that hedging a position helps to reduce the required margin as MetaTrader is a netting platform, however hedging is independent of the Maximum Lot Size with Risk. Also, moving a stop-loss to breakeven will free up additional lots to be used against the Maximum Lot Size with Risk, however this will not free up additional margin to be traded. Margin and Lot Size with Risk are two independent criterion that must be met.