What are the rules to operate a UProfit Live Account?

To trade a Live Account you need to consider the following:

Markets and Schedules

Traders can operate products within the CME, NYMEX, COMEX and CBOT.

The schedule for each trading day is set and should be taken into consideration to avoid breaking any rules  (Sunday 5:00 pm to Friday 3:10 pm CT) with a daily maintenance period from 3:10 pm – 5:00 pm CT. 

You are required to have a minimum trading volume: 1 trade per week (a trading week is considered to be from Sunday 5:00 pm CT to Friday 3:10 pm CT). 

Scaling contracts

In order to increase your profitability while actively keeping your risk under control, you will gradually scale up the number of contracts you can operate. 

Please remember that we will use your current account balance, which will include any open and closed intraday equity. If you select too many contracts for your account size, you will be in violation of the rules.

Below you can see the path to follow when increasing contracts:

25K account.

$0 – $1,500 = 2 Contracts Max

After $1,501 = 3 Contracts Max

50K account.

$0 – $1,500 = 2 Contracts Max

$1,501 - $4,000 = 4 Contracts Max

After $4,000 = 6 Contracts Max

75K account.

$0 - $1,500 = 2 Contracts Max

$1,501 - $3,000 = 4  Contracts Max

$3,001 - $4,500 = 6 Contracts Max

After $4,501 = 8 Contracts Max

100K account.

$0 - $2,000 = 3 Contracts Max

$2,001 - $3,000 = 4 Contracts Max

$3,001 - $5,000 = 6 Contracts Max

After  $5,001 = 12 Contracts Max

200K account.

$0 - $2,000 = 3 Contracts Max

$2,001 - $3,000 = 4 Contracts Max

$3,001 - $5,000 = 6 Contracts Max

$5,001 - $8,000 = 12 Contracts Max

After  $8,001 = 20 Contracts Max

Maximum number of Micro E-Mini contracts:

9K Account - 5 Micro E-Mini

25K Account - 20 Micro E-Mini

50K Account - 30 Micro E-Mini

100K Account -50 Micro E-Mini

200K Account -80 Micro E-Mini

10 Micro E-Minis equals 1 E-Mini contract.

Daily Loss Limit

We have set daily loss limits for each account according to its size. This ensures that you have adequate risk management. 

Pro Drawdown 

This only takes your profits into consideration at the end of the trading day and is updated when your account balance reaches a new high at the end of any trading day. 

What happens if I break a risk management rule?

If you happen to violate a risk management rule, the account will be immediately closed. You will then need to demonstrate, through a new evaluation, that you have the ability to properly operate within the required parameters.