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One Step Evaluation Rules

Evaluation Rules The Maximum Trailing Drawdown is initially set at 6% and trails (using CLOSED BALANCE – NOT equity) your account until you have achieved a 6% return in your account. Once you have achieved a 6% return the Maximum Trailing Drawdown no longer trails and is permanently locked in at your starting balance. This allows for more trading flexibility as you have proven yourself as a profitable trader and can now freely compound an account. Example: If your starting balance is $100,000, you can drawdown to $94,000 before you would violate the Maximum Trailing Drawdown rule. Then for example let’s say you take your account to $102,000 in CLOSED BALANCE. This is your new high-water mark, which would mean your new Maximum Trailing Drawdown would be $96,000. Next, let’s say you take your account to $106,000 in CLOSED BALANCE, which would be your new high-water mark. At this point your Maximum Trailing Drawdown would be locked in at your starting balance of $100,000. So, regardless of how high your account goes, you would only breach this rule if your account drew back down to $100,000 (note, you can still violate the daily drawdown). For example, if you take your account to $170,000, as long as you do not drawdown more than 5% in any given day, you would only breach if your account equity reaches $100,000.

The Daily Stop Loss is the maximum your account can lose in any given day. Daily Stop Loss is calculated using the previous day balance which resets at 5 PM EST. Unlike other prop firms, we do NOT base our calculations on previous day equity since the balance only model allows you to scale profits without fear of losing your account. The Daily Stop compounds with the increase in your account. ‍ Example: if your prior day’s end of day balance (5pm EST) was $100,000, your account would violate the daily stop loss limit if your equity reached $95,000 during the day. ‍If your floating equity is +$5,000 on a $100,000 account, your new-day (5pm EST) max loss is based on your balance from the previous day ($100,000). So, your daily loss limit would still be $95,000.

General Evaluation Rules

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.

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.

EA’s, Copy Traders, Scripts, and Indicators are all allowed.

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, the Broker/Funded Traders Global will consider the account INACTIVE and the account will be breached.

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.

In our terms and conditions, you will see a better outline of these rules (view upon purchasing your evaluation). If Matrix Trader detects that your trading constitutes Malicious Practices, your participation in the program will be terminated and may include forfeiture of any fees paid to Matrix Trader. Additionally, and before any Trader shall receive a funded account, the trading activity of the Trader under these Terms and Conditions shall be reviewed by both Matrix Trader and the Broker to determine whether such trading activity constitutes Malicious Practices. In the case of Malicious Practices, the Trader shall not receive a funded account. Simply put, taking advantage of arbitrage pricing or latency is against the rules. Malicious practices like latency pricing used to benefit in a demo environment that can’t be used in a live environment is against the rules. This includes: • Exploiting errors or latency in the pricing and/or platform(s) provided by the Broker • Utilizing non-public and/or insider information • Front-running of trades placed elsewhere • Trading in any way that jeopardizes the relationship Prop Account has with a broker or may result in the canceling of trades • Trading in any way that creates regulatory issues for the Broker • Utilizing any third-party strategy, off-the-shelf strategy or one marketed to pass assessment accounts • Utilizing one strategy to pass an assessment and then utilizing a different strategy in a funded account. There are a number of companies marketing and selling off-the-shelf EA’s aimed at passing Evaluations/Funded Challenges. This is NOT a representation of a profitable trader and falls under Malicious Practices. We take these actions in order to protect the business model behind Matrix Trader and aim to enforce our main company philosophy, “serious funding for serious traders.” Those executing using malicious EA’s and/or strategies that are marketed for passing evaluations (this mostly affects less than 0-3% of our customer base), will fall under Malicious Practices and will be refunded a portion of their initial payment. They will be barred from ever using Matrix Trader or any of its services ever again.

All markets offered by Eightcap will be tradeable with our proprietary firm. We offer Currencies, Indices (including DXY, VIX), Commodities, Cryptocurrencies (over 200+), and Individual Shares. Please make yourself aware of any broker side limitations regarding risk and depth of market as Matrix Trader has no control over these things. Once you have received your account, please make sure to “Show All” pairs in the terminal. The tradeable forex pairs are the “.i” pairs. Example: EURUSD.i, AUDUSD.i,US30.i Tradeable Indexes and Cryptos will be found as “.p” pairs. Example: BTCUSD.p, ETHUSD.p Leverage: Forex, Metals, Oils, and Indices (1:10), Crypto Currencies (1:2), CFD/Stocks (1:5) Specification: 1 lot in Forex = 100,000 units, 1 lot in Crypto = 1 coin, 1 lot in Indices = 10 units, 1 lot in Stocks = 100 shares (CFD), 1 lot in Commodities = 100 units (this can also be seen on Eightcaps website as well as right clicking the market you are trading and pressing Specification in the MT4/MT5 terminal. Slippage: Although Eightcap has extremely good depth of market on most of its offered pairs/markets, there are some exceptions – these are entirely handled by Eightcap, and Matrix Trader has no control over depth of market or broker pricing or ANY broker related services. Crypto’s offered with Matrix Trader via Eightcap are offered as a CFD and not as a DEX product – so you may experience higher slippage as you trade larger lot sizes – This is true regardless of the broker executing the trades, but please make sure you are aware of how slippage works and can impact your trading.