What is the net loss limit for each trader?

Net Loss is the amount that a day trader can stand to lose in a trading day. It is a risk limit automatically set by the MPP (Monthly Profit Projection) system, which can be overwritten using ERP (Enhanced Risk Process). The minimum Net Loss limit for a new trader is $100.

What is ERP? How does it work?

ERP is short for Enhanced Risk Process. It is a way to increase trading risk limits beyond what the MPP (Monthly Profit Projection) system allows, giving you the opportunity to manage risk for traders yourself. You can use ERP to allocate risk among a group of traders, reduce risk, set preset timers, and withdraw funds.

What is the minimum trade size?

There is a minimum trade size for orders on securities, however, there is no “one size” because it varies from market to market.

What is the maximum trade size?

There is a maximum trade size for orders on securities, however, there is no “one size” because it varies from market to market.

How long can I keep a position open?

You can keep a position open as long as you wish, provided that you close it out by the end of the trading day. We do not allow holding of overnight positions.

Can I place a trade over the phone?

No. Trades cannot be placed over the phone. However, if you need urgent technical or trade support, you can call one of our dedicated hotlines.

What are my risks in trading?

In trading, the amount of risk you take on initially depends on your MPP (Monthly Profit Projection), which in turn is based on your previous performance in trading the markets. The more you trade and the more profit you make, the higher your risk limits (Net Loss and Loss From Top) can go.

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