The Trading Pit has officially announced the launch of the Instant Earning Account, a new CFD product designed to allow traders to operate with firm capital from day one. This model completely eliminates the evaluation or "challenge" phase, providing immediate access to generated earnings.
Account Sizes and Pricing
The firm offers three specific account sizes under this model, all featuring an 80% Profit Split:
- $5,000 Account: One-time fee of $139.
- $10,000 Account: One-time fee of $279.
- $20,000 Account: One-time fee of $549.
Risk Management and Drawdown
Since there is no profit target to access funding, trading is strictly governed by loss limits:
- Daily Drawdown: 3% ($150, $300, or $600 depending on the account).
- Maximum Drawdown: 6% (Trailing). This limit moves up as profits are made but stops permanently once it reaches the initial account balance.
- Risk per Symbol: The combined risk of all open positions on the same asset cannot exceed 1% of the initial balance.
Trading Rules
Traders must complete a minimum of 5 trading days and adhere to a 30% consistency rule, meaning the most profitable day cannot account for more than 30% of total earnings when requesting a withdrawal. There is a maximum limit of 2 accounts per trader for this specific product.
Regarding weekend trading, positions can remain open for most instruments, except for gold, oil, and cryptocurrencies, which must be closed before the weekly market close.
Withdrawal Conditions
Payouts can be requested every 14 days and are processed within 24 business hours. The minimum withdrawal amount is $200.
The maximum withdrawal limit is set at the lower of $2,500 or 50% of the total realized profit. From the second withdrawal onwards, it is only necessary to have generated any profit above zero since the previous request to be eligible for a payout.
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