We have a few specific trading activities that are strictly prohibited:
Overleveraging: large exposure that at any given time puts the account at very high risk of breaching its daily loss limit (and potentially even bigger losses due to gaps, slippages, execution limitations) especially during high volatility or upcoming high volatility due to news releases or other risk events, low liquidity or market breaks. Any profit resulting from price gaps that exceeds 1% of the simulation account’s equity will be considered void. In such cases, the profit will be adjusted to align with a maximum allowable gain of 1%.
Concentration of Risk and abuse of asset correlation: Opening positions in any direction on correlated or inversely correlated symbols expected to move in the same or opposite direction. For example, going long on Gold, Yen, and USD while shorting equities at the same time is basically coming to a big one-sided bet.
One-sided betting: Opening a large position in one direction and potentially adding to it while it’s still running aiming to achieve targets with basically one bet. All round trading consistency (particularly when it comes to trading sizes and profit and loss results per trade) is constantly evaluated.
Account Rolling: Make or break mindset. Aggressively trading across multiple evaluation phases is considered gambling and not allowed.
Hedging (opening positions on the opposite direction) individually or in concert with others, at any stage, on different trading accounts. Hedging on the same account is permitted.
Copying Strategies: Replicating other traders' trading strategies is prohibited.
System Abuse: Exploiting any system deficiencies or errors is not a permissible trading practice and should be reported as soon as it is spotted or experienced.
This list is not exhaustive. We recommend getting yourself familiar with our Terms & Conditions for more information. Following these guidelines is crucial to ensure fair and responsible trading practices.