Instant Funding FAQ
| Specs | Funded |
| Profit Target | No Limit |
| Daily Loss Limit | 5% |
| Max Drawdown | 8% |
| Inactivity Period | 30 Days |
| Leverage | 1:50 |
| Flat for Weekend | All positions closed on Friday 3:45pm (Soft Breach) |
| Withdrawal Minimum and delays | Greater of 1% of initial balance or $100. First withdrawal at any time, then once every 30 days. |
| Profit Split | 80% |
| Trading News | 3 minutes before or after |
ADD-ONS (AVAILABLE AT PURCHASE):
Hold Over Weekend (10% Cost) – Point-of-Sale add-on that disables “Flat for Weekend” requirement; this allows traders to keep
positions open over the weekend.
Profit Share Increased to 90% (20% Cost) – Point-of-Sale add-on that increases a trader’s potential profit share for funded
accounts to 90% (up from the standard 80%) of the profit.
TRADING RULES | FREQUENTLY ASKED QUESTIONS (FAQ):
What is the difference between a Hard Breach and Soft Breach rule?
Soft breach means that we will close all trades that have violated the rule. However, you can continue trading in your
Instant Funded Account.
Hard breach means that you violated the Daily Loss Limit or Max Drawdown rule, or Inactivity rule. These rules
constitute a hard breach. In the event you have a hard breach, you will have your Funded Account taken away.
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How do you calculate the Daily Loss Limit?
The Daily Loss Limit is the maximum amount your account can lose on any given day. The Daily Loss Limit is calculated using the
previous day balance which resets at 5 PM EST. The Daily Loss Limit 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) daily loss is
based on your balance from the previous day ($100,000). So, your daily loss limit would still be $95,000.
How do you calculate the Maximum Trailing Drawdown?
The Maximum Trailing Drawdown is initially set at 8% and trails (using CLOSED BALANCE – NOT equity) your account until you
have achieved a 8% return in your account. Once you have achieved an 8% return, the Maximum Trailing Drawdown no longer
trails and is permanently locked in at your starting balance. Example: If your starting balance is $100,000, you can drawdown to
$92,000 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 $94,000. 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 could 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.
Can I hold positions over the weekend?
We require all trades to be closed by 3:45 PM EST on the last trading day of the week, typically Friday. However, in cases where
markets close early or are not open on a Friday, it is the trader’s responsibility to ensure all trades are closed before the weekend
based on the adjusted market schedule. Any trades left open after this time will be automatically closed. Note, this is considered
a soft breach, and you will be able to continue trading once the markets reopen.
What is 1 lot equal to on the Trading Platform?
● Forex – 1 lot = $100k notional
● Index: 1 lot = 1 Contract
Exceptions:
SPX500: 1 lot = 10 contracts
JPN225: 1 lot = 500 contracts
● Cryptos: 1 lot = 1 coin
● Silver: 1 lot = 5000 ounces
● Gold: 1 lot = 100 ounces
● Oil: 1 lot = 100 barrels
Is there a breach for inactivity?
Yes. If you do not place a trade at least once every 30 days on your account, we will consider you inactive and your account will
be breached.
INSTANT FUNDING ACCOUNTS | FREQUENTLY ASKED QUESTIONS (FAQ):
What is the Instant Funding Plan?
The Instant Funding Plan allows traders to start with a fully funded account without needing to complete an assessment phase.
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How Long does it take to receive my Instant Funded Account?
Upon completion of payment, we provide you with an Instant Funding account, backed by our capital. You will receive an email
with instructions on how to access this account on the platform you chose at checkout.
The capital in your Funded Account is notional and may not match the amount of capital on deposit with the Broker. A Funded
Account is notionally funded when actual funds in the account (i.e., the equity in a Funded Account represented by the amount
of capital) differs from the nominal account size (i.e., the size of the Funded Account that establishes the initial account value and
level of trading). Notional funds are the difference between nominal account size and actual capital in a Funded Account.
Use of notional funding does not change the trading level or that the account may trade in any manner differently than if
notional funds were not used. In particular, the same conditions and rules applicable to a soft breach, hard breach, Daily Loss
Limit, Max Trailing Drawdown and position limits apply.
Do I need to complete KYC or sign a trader contract to start trading in an Instant Funding Plan?
A Trading contract and KYC are both required, however, to start trading using our Instant Funding Plan, these steps won’t need to
be completed until you request a withdrawal.
What happens if I do not pass KYC?
If you do not pass the KYC process when requesting a withdrawal, the withdrawal will be rejected, and your account will be
closed. We encourage you to ensure you can meet KYC requirements before opting for the Instant Funding Plan.
Do we manipulate the pricing or executions you receive in your Instant Funded Account?
No. We operate at an arm’s length with the Broker. All market pricing and trade executions are provided by the Broker and are
not changed or modified by us. Additionally, we do not markup transaction costs established by the Broker through adjusting bid-
offer spreads, markups/markdowns, commission charges or swaps.
Who is the counterparty to my trades?
For the purposes of managing risk and minimizing transaction costs, we may offset or negate market risk and act as the direct
counterparty to certain trades initiated in the Account. Such trades are executed at prices provided by the Broker. This
framework is intended to ensure you receive real market execution on your trades, while simultaneously allowing us to manage
risk dynamically by routing existing positions or future orders to third parties for execution as we deem appropriate. We believe
that such real market execution and dynamic risk management would not be possible or cost-effective if trades were executed in
simulated accounts. Regardless of whether we act as counterparty to your trades, the gain or loss on your Funded Account is not
calculated differently. However, when we act as the counterparty to your trades, there is an inherent potential conflict of
interest because your trades do not result in net gain or loss to us, as your trades would if we were not the direct counterparty.
Am I subject to any position limits?
The maximum position that you may open is determined by your available margin. We reserve the right to increase the margin
requirement, limit the number of open positions you may enter or maintain in the Funded Account at any time, and to revise in
response to market conditions the drawdown levels at which trading in the funded account will be halted. We or the Liquidity
Provider reserve the right to refuse to accept any order.
If I have a hard breach in my Funded Account and there are gains in the account, do I forfeit those gains?
If you have gains in your Funded Account at the time of a hard breach, you will still receive your portion of those gains.
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For example, if you have a $100,000 account and you grow that account to $110,000. Should you then have a hard breach we
would close the account. Of the $10,000 in gains in your Funded Account, you would be paid your portion thereof.
How do I withdraw the gains in my Funded Account?
Traders can request a withdrawal of the profits in their funded account through their trader dashboard at any time. However,
withdrawals are limited to one request every 30 days. The minimum withdrawal amount is the greater of $100 or 1% of the
account’s starting balance. When a withdrawal is approved, we will also withdraw our share of the gains, and your max trailing
drawdown will lock in at your starting balance. The trailing drawdown does not reset when you request a withdrawal. Example:
You have taken an account from $100,000 to $120,000. You then request a withdrawal of $16,000. In this scenario, you will
receive $12,800 and we would retain $3200. This would also take the balance of the account down to $104,000, and your
Maximum Trailing Drawdown is locked in at $100,000. So, you would have $4,000 maximum you could lose on the account
before it would violate the Maximum Trailing Drawdown rule. If you take a full withdrawal of the gains in your Funded Account,
the Maximum Trailing Drawdown will lock in at the starting balance and trigger the Maximum Trailing Drawdown breach rule,
resulting in the forfeiture of your Funded Account.
OTHER GENERAL QUESTIONS:
What Countries are accepted?
Subject to compliance with applicable laws and regulations, traders from all countries, excluding OFAC listed countries, can take
part in our program, unless otherwise limited at the Company’s discretion.
What is the minimum age I must be to be part of your program?
You must be at least 18 years of age, or the applicable minimum legal age in your country, to purchase an Instant Funding
account.
Where do I track the progress of my account?
Upon purchasing an Instant Funding Plan, you will receive access to a trader dashboard where you can monitor your Instant
Funded Account. The dashboard is updated in near real time as we calculate your account metrics. It is your responsibility to
monitor your breach levels.
What Platform can I trade on?
Our technology is currently integrated with DXtrade, MatchTrader & cTrader.
How many Instant Funded Accounts may I have active at one time?
A maximum of $190,000 in active Instant Funding plans per person is permitted, consisting of up to one of each plan size
What products can I trade?
You can trade any products offered by the Broker, as such products may change from time to time. This includes FX pairs and CFD
Indices, Metals, and Cryptocurrencies.
What is the leverage?
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We offer up to 50:1 leverage on Forex and Metals, up to 10:1 leverage on Indices, up to 5:1 leverage on Oils and up to 2:1
leverage on Cryptocurrencies.
What are the trading hours?
Trading hours are generally set by the Liquidity Provider, unless set by our rules. We do not have any control over the trading
hours. You can see the trading hours for each product by using the following methods:
DXtrade – Right click symbol, select “Instrument Info”
MatchTrader – Click symbol to expand, select “Info”
cTrader – Navigate to Symbol Window, scroll down to see “Market Hours” for selected symbol
Please note that holidays can have an impact on available trading hours.
Additionally, pursuant to the no holding trades over the weekend rule, we will attempt to close all open trades at 3:45pm EST on
Fridays. Traders are responsible for ensuring all open positions are closed (unless Weekend Hold add-on has been purchased)
Do your accounts charge commissions?
Instant Funded Accounts receive the same pricing and commissions as charged by our Liquidity Provider to other, self-funded,
retail trading accounts.
Can I use an Automated Strategy?
Subject to our policy on Prohibited Trading as described below, you can trade using an automated strategy.
What is the policy on Prohibited Trading Activity?
“You are also prohibited from using any trading strategy that is expressly prohibited by the Company or the Liquidity Providers it
uses. Such prohibited trading (“Prohibited Trading”) shall include, but not be limited to:
● Exploiting errors or latency in the pricing and/or platform(s) provided by the Liquidity Provider
● Utilizing non-public and/or insider information
● Front running of trades placed elsewhere
● Trading in any way that jeopardizes the relationship that the Company has with a Liquidity Provider or may result in the
canceling of trades
● Trading in any way that creates regulatory issues for the Liquidity Provider
● Utilizing any third-party strategy, off-the-shelf strategy or one marketed to pass challenge accounts
● Attempting to arbitrage a funded account with another account with the Company or any third-party company, as determined
by the Company in its sole and absolute discretion.
●Opening a position within 3 minutes before or after a News Event is prohibited. Any traders identified as having opened a
position during a News Event are subject to having that position closed and the associated P&L removed from their account,
having the leverage on their account reduced or having their account breached altogether. The Company has sole and absolute
discretion in determining what constitutes a News Event. This rule is intended to protect the integrity of our program and is not
meant to penalize traders who inadvertently trade through a news event.
●No Gambling Permitted: When participating in trading on both Challenge and Instant Funded Accounts, traders are expected to
adhere to responsible risk management practices. This includes carefully considering the risks associated with position size, trade
duration, and hedging strategies. Taking excessive risks, such as utilizing maximum leverage to open large positions with the
hope of reaching profit targets through a single price movement, is strictly prohibited. Please refer to the Terms and Conditions
for the full Prohibition of Gambling Practices language.
● If the Company detects that your trading constitutes Prohibited Trading, your participation in the program will be terminated
and may include forfeiture of any fees paid to the Company. 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 the Company and the Liquidity
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Provider to determine whether such trading activity constitutes Prohibited Trading. In the case of Prohibited Trading, the Trader
shall not receive a funded account.
● Additionally, the Company reserves the right to disallow or block any Trader from participating in the program for any reason,
in the Company’s sole and absolute discretion.
To view all Prohibited Uses, please review our Terms and Conditions here, https://dashboardanalytix.com/client-terms-and-
policies/
Can I trade during News Events?
Opening a position within 3 minutes before or after a News Event is prohibited. Any traders identified as having opened a
position during a News Event are subject to having that position closed and the associated P&L removed from their account,
having the leverage on their account reduced or having their account breached altogether. The Company has sole and absolute
discretion in determining what constitutes a News Event. This rule is intended to protect the integrity of our program and is not
meant to penalize traders who inadvertently trade through a news event.
How will I see the charge on my Statement?
Charges come across in the name of Dashboardanalytix.com.
How are taxes handled?
When trading a Funded Account for our firm, you are treated as an independent contractor. As a result, you are responsible for
any and all taxes on your gains.
Elite Legacy Funding 