Consistency rules
As part of restricting the gambling practices, we could apply any of the following consistency rules on your existing and/or the upgraded trading account(s):
require you to use Stop Losses and limit your maximum risk per trade, per account or per day
cap your maximum daily profit*
cap your maximum daily loss*
reduce leverage
set your maximum daily lot exposure
restrict trading during news
Any of such restrictions would remain applicable for the whole trading period on your evaluation account, as well as on all the following accounts that the current account would upgrade or scale to.
The restriction would however not apply by default on a whole new evaluation account you can purchase in the future. That will be analyzed and evaluated separately, based purely on your trading style applied there.
*Daily Profit / Loss cap:
Capping the daily profit or loss works as a “soft breach”.
In case the daily profit or loss cap is hit, the system will close all your open trades and set your account to read-only until midnight (server time). A few minutes after midnight (server time) the system will re-enable trading on your account and you can continue.
You will receive an automated email about reaching the daily cap, and another email as soon as the trading is re-enabled.
The daily profit or loss cap is calculated as:
a certain percentage from your Starting Balance, which then reflects in the maximum amount of Equity you can earn (“daily profit cap amount”) or lose (“daily loss cap amount”) per one trading day (midnight to midnight server time)
the exact calculation on your account would be:
Equity level to activate the daily profit cap soft breach = previous day EOD Equity + the daily profit cap amount
Equity level to activate the daily profit cap soft breach = previous day EOD Equity - the daily loss cap amount
Also please note that once this restriction is applied to your account, you will be able to see your maximum daily profit or loss cap, as well as the Equity levels for activation of these soft breaches (updated daily) in your dashboard in MyFintokei.