Simulated trading. Substantial risk of loss.

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ONYX

26 articles

All sections/The evaluation

The daily loss limit

40 percent of your drawdown in the evaluation. On the live account the only limit is one you set.

Figures for
2.9

Daily loss limit in the evaluation: 40 percent of your drawdown.

$600

2.10

There is no forced daily loss limit on the live account. The only daily loss limit there is one you set yourself.

2.11

A personal daily loss limit is enforced for you at the broker, through Rithmic. Reaching it stops trading for that day and does not close the account.

It is off by default, any whole dollar amount up to your drawdown, and free to set, raise or remove at any time.

Not answered here? A person will tell you.

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This 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.