FAQ Details

You are required to use a stop loss after you pass the evaluation phase and are a funded trader.

The reason is because it is prudent for risk management, which is important to have longevity in the markets and protect capital.
After opening a position, you will have a two-minute window to place a stop loss. All trades opened on the same pair during that 2-minute window will be considered as one position for which a stop loss is required on each.

If you fail to place a stop loss within two minutes of executing a trade, our system will automatically detect this and send you a warning email. This is only considered a soft breach rule, so you will be able to continue trading your account. You are allowed 2 soft breaches. The third breach will be a hard breach of your account. Profits made on trades with no stop loss will be deducted.

The stop loss value when the trade is closed is final. If a trade is closed with no stop loss or if the stop loss set breaches the risk management rules, this will be a breach regardless of the trade duration.