Below you will find all the information related to our MicroFutures 9k Live Account.
We are introducing a new way of Drawdown calculation for our MicroFutures Account, (please refer to 2).
It is exclusive for CME Micro E-Mini Nasdaq (MNQ) and Micro E-Mini ES (MES), Micro E-mini Russell 2000 futures (M2K).
Account Balance ------$9,000
Rules to be followed during Live Account Trading.
Maximum Contracts ---5 Micro contract
Daily loss limit---------$350
Maximum Drawdown ----$800
Swing trading is allowed during the week, but all positions must be closed during weekends.
1. How Much Are Commissions?
In the MicroFutures 9k Account commissions are $0.5 per side per contract - $1 roundtrip-.
MNQ and MES $0.5 per side.
2. How is the ProDrawdown Calculated?
The ProDrawdown is $800 and it is calculated at the end of the day. Meaning that only the final Account Balance of the day will count for your Drawdown to be recalculated.
Ex. If you start your trading day at $9,000 and you place a trade that win $300, then the next trade loses $100, at the end of the day your Account Balance will be $9,200 and your Drawdown will be $8,400.
If you reach ProDrawdown at any time of the day, the rule will be considered broken.
3. Can I Swing Trade?
Yes, you are allowed to Swing Trade, meaning that you can leave positions open during the week. Be aware that the trading week is considered to begin Sunday at 5:00 pm CT and ends Friday 3:10 pm CT. All positions must be closed during the weekend to not violate any rules
If you would like to place a stop please use a GTC (Good till cancel) order. This type of order will remain after the market close. You are not able to place new trades or close current trades while the market is considered closed-- from 3:10 pm CT to 5 pm CT.
4. What Does Max 5 Micro Contracts Mean?
5 Micro contracts is the maximum amount of positions allowed at any moment during your MicroFutures 9k Program. You can combine the 5 positions in different markets at the same time, but you can not exceed 5 positions without breaking a rule.