“In trading/investing, it’s not about how much
you make but rather how much you don’t lose.”
As a Direct-to-Live Program, it requires no challenge, offering traders instant access to simulated funded accounts. This setup enables our firm to assess trader performance through a progressive gains system effectively. With the ability to qualify for a Reward on the same day, should the max gains limit be reached, LAM is designed to foster consistent trading practices and promote sound risk management, benefiting both traders and our firm without the restrictive feel of traditional “Limits”.
Select A Trading Account Size Ranging From $10,000 To $100,000.
Unlock the ability to earn up to 10% in gains of your Simulated Funded Account.
Unlock a Performance Reward of up to a 75% of your Simulated Funded Account Gains
Max Gains Limits
The Maximum Gains Limit (Max Gains Limit) on a trading account sets the highest percentage of gains a trader can achieve within a Reward cycle, with specific rules:
Capped Earnings: Once the Max Gains Limit is reached, further gains are restricted until the next cycle or under conditions that permit an early Reward or limit increase.
Automatic Trade Closure: When the gains limit is met, the account’s trades are automatically closed to lock in those gains.
Early Reward Eligibility: Traders become eligible for an early Reward not only by reaching the Max Gains Limit within 30 days but also by meeting all trading objectives. Simply reaching the Max Gains Limit at any point can qualify a trader for early Reward.
Net Trade Value Variation: Be aware that due to slippage and fees, the final amount from closed trades may vary by ±5% of the achieved gains.
Minimum Simulated Trading Days
To meet this objective, you must trade for at least 4 days throughout the Solo and Multi Campaigns. At least one position must be opened on each of these days. A simulated trading day is defined as a day when at least one trade is executed. If a trade is held over multiple days, only the day when the trade was executed is considered to be the simulated trading day.
Daily Loss Limit
According to our rules, this is set at 3% – 5% from the initial account balance & Equity. The rule says that at any moment of the day, the result of all closed positions in sum with the currently open floating G/Ls (Gains/losses) must not hit the determined daily simulated loss limit. Refer to this formula:
Current Daily Loss Limit = results of closed positions of this day + result of open positions.
For example, on an ETX Campaign with the initial account balance of $100,000, the Daily Loss limit is $5,000. If you happen to lose $4,000 in your closed trades, your account must not decline more than $1,000 on this day. It must also not go -$1,000 in open floating simulated drawdown. The limit is inclusive of commissions and swaps.
Vice versa, if you have a gain of $4,000 in one day, then you can afford to lose $9,000, but not more than that. Once again, be mindful that your Daily Loss limit counts your open trades as well. For example, if you have closed trades with a loss of $6,000 and then you open a new trade that goes into a floating loss of -$3,500 but ends up positive in the end, unfortunately, it is already too late. At one moment, your daily loss limit was -$9,500 on total equity, which is more than the permitted loss of $9,000 for that day.
Be mindful as the Daily Loss limit resets at 5pm EST. Let’s say that one day you had a Gain of $3,000. On the same day, you have an open position with a currently floating loss of $7,000. On this day, the Daily Loss limit is not violated. The currentDaily Loss limit is $4,000. ( $4,000 closed gain– $7,000 open position). However, if you hold this position with an open loss of $7,000 after 5pm EST, the Daily Loss limit will be violated. This is because your previous days gains doesn’t count for a new day and the open loss of $7,000 exceeds the max simulated daily permitted loss of $5,000.
The size of the Daily Loss Limit gives the trader enough space for trading. That’s also why the Daily Loss limit includes your potential floating losses.
Max Drawdown
The balance of your trading account must not, at any moment during the Campaign Period, decline below 92-94% of the initial account balance. For an ETX Funding Campaign with a balance of $100,000, this means that the account’s lowest possible equity can be $92,000-$94,000. Again, this is a sum of both closed and open positions (account equity, not balance). The logic of this calculation is the same as with the Daily Loss Limit; the only difference is that it’s not limited to one day but the entire duration of the Campaign Period. The limit includes commissions and swaps. 6%-8% of the initial account balance gives the trader enough space to prove that the account is suitable for a Simulated Funded Trading Environment.
Leverage
Trade with up to 1:50 Leverage Across all Campaigns
Performance Reward
Starting Performance Reward is 80% for all Campaigns. Receive 90% of your gains on your simulated funded accounts if:
Next Level
Unlock the next level in your trading account through consistency.
By achieving 3 consecutive Rewards , you will advance to Level 2. This upgrade doubles your Maximum Gains Limit to 8% and elevates your Reward Share to 60%. Further success with 5 consecutive Rewards increases your Maximum Gains Limit to 10% and boosts your Reward Share to 75%.
One-Time Fee
This program does not qualify for a registration fee bonus at first Reward
Growth Target
Growth Target refers to the Gains target a trader must reach in order to complete this trading objective. For Solo Campaigns, the Growth Target is 10%. For Multi Campaigns, the Growth target for Phase 1 is 8% and 5% for Phase 2.
Minimum Simulated Trading Days
To meet this objective, you must trade for at least 4 days throughout the Solo and Multi Campaigns. At least one position must be opened on each of these days. A simulated trading day is defined as a day when at least one trade is executed. If a trade is held over multiple days, only the day when the trade was executed is considered to be the simulated trading day.
Daily Loss Limit
According to our rules, this is set at 3% – 5% from the initial account balance & Equity. The rule says that at any moment of the day, the result of all closed positions in sum with the currently open floating G/Ls (Gains/losses) must not hit the determined daily simulated loss limit. Refer to this formula:
Current Daily Loss Limit = results of closed positions of this day + result of open positions.
For example, on an ETX Campaign with the initial account balance of $100,000, the Daily Loss limit is $5,000. If you happen to lose $4,000 in your closed trades, your account must not decline more than $1,000 on this day. It must also not go -$1,000 in open floating simulated drawdown. The limit is inclusive of commissions and swaps.
Vice versa, if you have a gain of $4,000 in one day, then you can afford to lose $9,000, but not more than that. Once again, be mindful that your Daily Loss limit counts your open trades as well. For example, if you have closed trades with a loss of $6,000 and then you open a new trade that goes into a floating loss of -$3,500 but ends up positive in the end, unfortunately, it is already too late. At one moment, your daily loss limit was -$9,500 on total equity, which is more than the permitted loss of $9,000 for that day.
Be mindful as the Daily Loss limit resets at 5pm EST. Let’s say that one day you had a Gain of $3,000. On the same day, you have an open position with a currently floating loss of $7,000. On this day, the Daily Loss limit is not violated. The currentDaily Loss limit is $4,000. ( $4,000 closed gain– $7,000 open position). However, if you hold this position with an open loss of $7,000 after 5pm EST, the Daily Loss limit will be violated. This is because your previous days gains doesn’t count for a new day and the open loss of $7,000 exceeds the max simulated daily permitted loss of $5,000.
The size of the Daily Loss Limit gives the trader enough space for trading. That’s also why the Daily Loss limit includes your potential floating losses.
Max Drawdown
The balance of your trading account must not, at any moment during the Campaign Period, decline below 92-94% of the initial account balance. For an ETX Funding Campaign with a balance of $100,000, this means that the account’s lowest possible equity can be $92,000-$94,000. Again, this is a sum of both closed and open positions (account equity, not balance). The logic of this calculation is the same as with the Daily Loss Limit; the only difference is that it’s not limited to one day but the entire duration of the Campaign Period. The limit includes commissions and swaps. 6%-8% of the initial account balance gives the trader enough space to prove that the account is suitable for a Simulated Funded Trading Environment.
Leverage
Trade with up to 1:50 Leverage Across all Campaigns
Performance Reward
Starting Performance Reward is 80% for all Campaigns. Receive 90% of your gains on your simulated funded accounts if:
Next Level
Unlock the next level in your trading account through consistency.
By achieving 3 consecutive Rewards , you will advance to Level 2. This upgrade doubles your Maximum Gains Limit to 8% and elevates your Reward Share to 60%. Further success with 5 consecutive Rewards increases your Maximum Gains Limit to 10% and boosts your Reward Share to 75%.
One-Time Fee
This program does not qualify for a registration fee bonus at first Reward
ou must not exceed 3% Daily Loss limit based On Your Balance Or Equity within A 24 Hour Period Starting when it resets.
Your LAM Trading Account Must Not exceed 6% (Realized/Unrealized) of The Initial Balance.
With our progressive system, Traders are able to earn up to 10% of the Initial Balance.
Traders are eligible to request their first Performance Reward 30 days after their first trade Or if the Max Gains Limit is achieved. Whichever Comes first.
Traders qualify for a Performance Reward of up to 75%! Traders are required to request 100% of their eligible Performance Reward amount.
© 2024 ETX Funding. All Rights Reserved.
All Content Published And Distributed By ETX Funding, And Its Affiliates (Collectively, The “Company”) Is To Be Treated As General Information Only. None Of The Information Provided By The Company Or Contained Herein Is Intended As Investment Advice, An Offer Or Solicitation Of An Offer To Buy Or Sell, Or A Recommendation, Endorsement, Or Sponsorship Of Any Security, Company, Or Fund. We Offer Virtual Simulated Accounts Where Live Market Conditions Are Simulated And Any Reference To ‘Funded’ Used On Our Website Or In Any Of Our Terms And Conditions Is A Reference To Simulated Funding, Only. Use Of The Information Contained On The Company’s Websites Is At Your Own Risk And The Company And Assumes No Responsibility Or Liability For Any Use Or Misuse Of Such Information. Nothing Contained Herein Is A Solicitation Or An Offer To Buy Or Sell Futures, Options, Or FX. Past Performance Is Not Necessarily Indicative Of Future Results. Hypothetical Or Simulated Performance Results Have Certain Limitations. Unlike An Actual Performance Record, Simulated Results Do Not Represent Actual Trading. Also, Because The Trades Have Not Actually Been Executed, The Results May Have Under-Or-Over Compensated For The Impact, If Any, Of Certain Market Factors, Such As Lack Of Liquidity. Simulated Trading Programs, In General, Are Also Subject To The Fact That They Are Designed With The Benefit Of Hindsight. No Representation Is Being Made That Any Account Will Or Is Likely To Achieve Profit Or Losses Similar To Those Shown.
All Content Published And Distributed By ETX Funding, And Its Affiliates (Collectively, The “Company”) Is To Be Treated As General Information Only. None Of The Information Provided By The Company Or Contained Herein Is Intended As Investment Advice, An Offer Or Solicitation Of An Offer To Buy Or Sell, Or A Recommendation, Endorsement, Or Sponsorship Of Any Security, Company, Or Fund. We Offer Virtual Simulated Accounts Where Live Market Conditions Are Simulated And Any Reference To ‘Funded’ Used On Our Website Or In Any Of Our Terms And Conditions Is A Reference To Simulated Funding, Only. Use Of The Information Contained On The Company’s Websites Is At Your Own Risk And The Company And Assumes No Responsibility Or Liability For Any Use Or Misuse Of Such Information. Nothing Contained Herein Is A Solicitation Or An Offer To Buy Or Sell Futures, Options, Or FX. Past Performance Is Not Necessarily Indicative Of Future Results. Hypothetical Or Simulated Performance Results Have Certain Limitations. Unlike An Actual Performance Record, Simulated Results Do Not Represent Actual Trading. Also, Because The Trades Have Not Actually Been Executed, The Results May Have Under-Or-Over Compensated For The Impact, If Any, Of Certain Market Factors, Such As Lack Of Liquidity. Simulated Trading Programs, In General, Are Also Subject To The Fact That They Are Designed With The Benefit Of Hindsight. No Representation Is Being Made That Any Account Will Or Is Likely To Achieve Profit Or Losses Similar To Those Shown.
