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What is a funded account? What are the rules? How and when do I become eligible to receive payouts?

A funded account is the account you receive after passing a qualification and paying the funded account activation fee. For your reference, this account ID will begin with either “F1” or “F2” depending on which plan you chose during the qualification. After following the rules below, you will be eligible to receive 95% of the profits (100% of the first $10,000 in payouts) you make on your funded account.

Rules on Funded accounts

  1. You must TRADE at least 25 days to be eligible for your first payout (or at least 15 trading days with 10% or better DCR calculated solely from your funded account).
  2. You must avoid hitting or dropping below the trailing minimum account value.
  3. You must trade intra-day only. Therefore, you must close all positions (and orders) one minute before a particular instrument closes. Having open positions one minute before the closing time will not disqualify your account since your positions will automatically be flattened, but we recommend monitoring and flattening all open positions on your own. Instruments’ closing times vary. Click here to see each instrument’s closing time.
  4. For end-of-day drawdown plans, you must avoid hitting or dropping below the daily loss limit. Note, hitting the daily loss limit will not disqualify your account; it will merely prevent you from entering new trades for the remainder of that trading day.
  5. Your trailing minimum account value must reach or exceed the starting account value. At this point, your trailing drawdown limit will become a static drawdown limit at the starting account value. For the end-of-day drawdowns plans, the daily loss limit will no longer be in effect once the minimum account value becomes static.
  6. Adhere to the payout schedule.

Funded Template is seeking traders who strive to be consistently profitable in the paper trading environment. This means you must trade with a sound trading plan with reasonable money management. Funded Template reserves the right to deny you any services or compensations if you do not follow these general criteria or if you attempt to abuse Funded Template’s services. This includes, but is not limited to, achieving a few large windfalls with max available contract sizes and then trading 1 micro contract for the rest of the qualification or funded account payout period.