All sections/Risk and enforcement
The risk standards
Four standards, each a share of your trades across every account, so one oversized trade is never a breach.
How much of your drawdown you put on a trade is your decision, and ONYX is not adding a forced daily loss limit to take that decision away. These standards are the point at which the firm looks at it. They apply to every trade on every account you hold.
Every standard is a share of your trades, measured across all of your accounts together, and each has a minimum number of trades below which it is not judged at all. One wide stop or one oversized trade is not a breach. The same sizing repeated is.
The four standards
Half your drawdown in one trade: a breach at 30 percent of the trades that can be priced, over at least 10 of them.
Winners count as well as losers, because it is the sizing being measured rather than the result.
Your whole drawdown lost in one trade: a breach at 10 percent of the trades that can be priced, over at least 10 of them.
A stop wider than your drawdown: a breach at 20 percent of the stops that can be priced, over at least 5 of them.
More risk once live than in the evaluation: a breach at 1.5 times the evaluation figure, needing at least 5 trades on each side.
What will never be a rule
Trading without a resting stop, pulling a stop while you are still in the position, placing one late, and how deep an account went during the day. All of it is read as context beside the standards above. None of it is a line you can cross, and none of it will decline a withdrawal.
A person decides every case. A breach can mean a declined request, a reset, or both, and you are told which standard, which trades and which dates.
Not answered here? A person will tell you.
EMAIL SUPPORTThis rule book is the plain language statement of the rules ONYX applies. Where it differs from the Terms of Use, or from the documentation you sign for a live account, that document governs.
The evaluation is simulated trading. No real capital and no real market execution are involved in it, and passing an evaluation does not guarantee placement: a live account is offered at the discretion of the firm and subject to broker approval. Trading futures and options carries a substantial risk of loss and is not suitable for every investor. Hypothetical performance results have inherent limitations, some of which are described under CFTC Rule 4.41.