![]() Submit your responses to our Trader Questionnaire Get your PA Accountģ. Complete the Evaluation phase with a profitable net P&LĢ. Thanks for your patience as we work to provide you with the best possible experience.ġ. By taking a few days to complete this process, we can ensure that you are fully prepared to trade and that you have all the necessary resources at your disposal. The funding process is an important step in ensuring that you have the best possible experience when trading. Within a short period, the account will be created, and you will receive your account login credentials and be enabled to trade your Prop Account. Upon approval, you will receive and complete the trading contract and other documents needed. After completing the Evaluation phase, we submit your results to the funding Team. The funding process is an important part of the overall trading experience. Draw Down Request has the meaning assigned such term in Section 2.1. For the one of it's kind account with NO TRAILING DRAWDOWN, we call it the $50K PRO view here Draw Down Request means a request by one bank ( Bank A ), acting on behalf of Bank A’s customer, that another bank (Bank B) transfer funds from an account at Bank B to Bank A for credit to the account of Bank A’s customer. This helps us to protect our profits and avoid taking on too much risk. As our account balance increases, the trailing drawdown will increase a defined distance as well. This feature allows us to keep our account balance from hitting or exceeding a certain amount. ![]() However, we do have a maximum drawdown limit in place to ensure the safety of our traders and their accounts. That's why we have implemented a no daily loss limit policy. It also depends on the account size you select.ĮARNMAX believes that traders should have the freedom to pursue their goals without limits. This is calculated as the minimum amount of net profits needed for eligibility for funding. Disbursements often refer to dividend payments or cash outflows. means each drawdown request for Tranches A1, A2, A3 and A4 of the Loan, in accordance with the model in Schedule 2, and handed to the Agent by the Borrower. The account size you choose limits the maximum position size across all products that you're allowed to have open at any given time. Drawdowns and disbursement may sound similar, but they are two different actions in the financial world. The trading day will start again at 6:00 PM EST and end at 4:15 PM EST (not counting holidays or weekends). We want to ensure all of our traders have a solid understanding of the products they are trading.Īs such, we only permit certain products:Įquity Futures E-mini S&P 500 (ES) Nikkei NKD (NKD) E-mini NASDAQ 100 (NQ) Mini-DOW (YM) E-mini Midcap 400 (EMD) Russel 2000 (RTY) Interest Rate Futures Eurodollar (GE) 2-Year Note (ZT) 5-Year Note (ZF) 10-Year Note (ZN) 30-Year Bond (ZB) Ultra-Bond (UB) Currency Futures Australian $ (6A) British Pound (6B) Canadian $ (6C) Euro FX (6E) Japanese Yen (6J) Swiss Franc (6S) New Zealand Dollar (6N) Agricultural Futures Lean Hogs (HE) Live Cattle (LE) Feeder Cattle (GF) Corn (ZC) Wheat (ZW) Soybeans (ZS) Soybean Meal (ZM) Soybean Oil (ZL) Energy Futures Crude Oil (CL) E-mini Crude Oil (QM) Natural Gas (NG) E-mini Natural Gas (QG) Heating Oil (HO) New York Harbor (RB) Metal Futures Gold (GC) Silver(SI) Copper(HG) Platinum(PL) Palladium(PA) mi NY Silver (QI) miNY Gold (QO) Micro E-Mini Futures - Available Micro E-Mini S&P 500 (MES) Micro E-Mini Dow Jones (MYM) Micro E-Mini Nasdaq-100 (MNQ) Micro E-Mini Russel 2000 (M2K)Īll positions MUST be closed by 4:15 PM EST. ![]() In order to be eligible for funding, you must trade a minimum of 5 trading days. The Borrower's Drawdown Request cannot be withdrawn it binds and obliges the Borrower to accept the requested Advance.There are several critical factors we take into consideration during our evaluation process: Munich time on the third (3rd) Business Day prior to the Drawdown Date the Drawdown Request substantially in the form of Annex 1 (it being understood that a separate Drawdown Request has to be presented for each Tranche) and having the following minimum contents: the proposed Drawdown Date, which must be a Business Day the amount of the Advance and the account of the Borrower or such other account as the Borrower may determine to which the Advance is to be transferred by the Facility Agent. In any case, a request for the drawdown will not be regarded as having been duly completed, unless the following conditions have been satisfied: The Facility Agent has received, by no later than 1.00 p.m. 4.1 ( Conditions Precedent) and that each is in form and substance satisfactory to the Facility Agent. Drawdown Request. The request for the drawdown of an Advance may not be delivered by the Borrower until the Facility Agent has confirmed to the Borrower that it has received all of the documents listed in Art.
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