Find answers to common questions about Blue Diamond Funded
Subject to our policy on Prohibited Trading as described below, you can trade using an automated strategy
When trading a Funded Account for our firm, you are treated as an independent contractor. As a result, you are responsible for any and all taxes on your gains.
Charges come across in the name of dashboardanalytix.com.
You must be at least 18 years of age, or the applicable minimum legal age in your country, to purchase an assessment.
Opening a position within 3 minutes before or after a News Event is prohibited. Any traders identified as having opened a position during a News Event are subject to having that position closed and the associated P&L removed from their account, having the leverage on their account reduced or having their account breached altogether. The Company has sole and absolute discretion in determining what constitutes a News Event. This rule is intended to protect the integrity of our program and is not meant to penalize traders who inadvertently trade through a news event.
We have risk management software that is synced with the accounts we create. This allows us to analyze your performance in real time for achievements or rule violations. As such, you must use an account that we provide to you.
Funded accounts receive the same pricing and commissions as charged by our Liquidity Provider to other, self-funded, retail trading accounts.
Affiliates are credited for referrals when a user creates an account using a link or discount code provided by the Affiliate.
Trading hours are generally set by the Liquidity Provider, unless set by our rules. We do not
have any control over the trading
hours. You can see the trading hours for each product by using the following methods:
DXtrade – Right click symbol, select “Instrument Info”
MatchTrader – Click symbol to expand, select “Info”
cTrader – Navigate to Symbol Window, scroll down to see “Market Hours” for selected symbol
Subject to compliance with applicable laws and regulations, traders from all countries, excluding OFAC listed countries, can take part in our program, unless otherwise limited at the Company’s discretion
We offer up to 50:1 leverage on Forex and Metals, up to 10:1 leverage on Indices, up to 5:1 leverage on Oil and up to 2:1 leverage on Cryptocurrencies.
You are also prohibited from using any trading strategy that is expressly prohibited by the
Company or the Liquidity Providers it
uses. Such prohibited trading (“Prohibited Trading”) shall include, but not be limited to:
Our technology is currently integrated with DXtrade, MatchTrader & cTrader platforms via GooeyTrade.
You can trade any products streamed by the Liquidity Provider into the available platforms, as such products may change from time to time. This includes FX pairs and CFD Indices, Commodities, Metals, and Cryptocurrencies.
Upon purchasing an Assessment, you will receive access to a trader dashboard where you can monitor your Assessment and Funded Accounts. The dashboard is updated every time we calculate metrics, which occurs roughly every 60 seconds. It is your responsibility to monitor your breach levels.
Evaluation Limits:
The Daily Loss Limit is the maximum amount an account may lose in a single trading day. This
limit resets each day at 5:00 PM
EST. The Daily Loss Limit is calculated using the greater of the prior day’s end of day
balance, which includes closed P&L only,
or the prior day’s end of day equity, which includes both balance and any open P&L. This
approach ensures that unrealized
gains at the end of the trading day are properly reflected when determining the allowable
loss for the following session.
If a trader finishes the day with open positions that are in profit, the account equity will
be higher than the balance, and equity
will be used to calculate the Daily Loss Limit. If a trader finishes the day with no open
positions, balance and equity are the
same, and the balance will be used. If a trader finishes the day with open positions that
are in a loss, equity will be lower than
balance, and the balance will be used.
Example: A trader has a $100,000 account with a 5 percent Daily Loss Limit. At the 5:00 PM
EST reset, the account balance is
$100,000 and there are open positions in profit, resulting in account equity of $102,000.
Because the equity is higher than the
balance, the Daily Loss Limit is calculated using the $102,000 equity value. Five percent of
$102,000 is $5,100, meaning the
account will violate the Daily Loss Limit if intraday equity reaches $96,900 at any point
during the next trading day. If the trader
had no open positions, or open positions that were in a loss, the Daily Loss Limit would
instead be based on the $100,000
balance, resulting in a breach level of $95,000.
The Maximum Drawdown is initially set at 6% and is static (using CLOSED BALANCE) and will
therefore remain at the same
value for as long as the account will remain active.
Example: If your starting balance is $100,000, you can drawdown to $94,000 before you would
violate
the Maximum Drawdown rule. Then for example let's say you take your account to $102,000 in
CLOSED BALANCE, your
Maximum Drawdown would remain locked at $94,000. So, regardless of how high your account
goes, your drawdown will
remain the same (note, you can still violate the daily drawdown).
**All plans will have “Lock Upon Payout” enabled by default. However, traders can elect to
purchase an add-on for 25% of the
purchase price to disable this feature.
Example: using the “Lock Upon Payout” default
A trader has a $100,000 account and grows the balance to $110,000. When the trader submits a
payout request, the maximum
drawdown becomes permanently locked at the original starting balance of $100,000. From that
point forward, the account
balance may not fall below $100,000. If it does, the account will be considered breached.
We support various payment methods including bank transfers, cryptocurrency, PayPal, and other popular payment processors. Choose the method that works best for you.
Yes. We will consider you inactive and your account will be breached if you do not have any trading activity on your account for 30 consecutive days.
Forex: 1 lot = $100k notional
Exceptions:
SPX500: 1 lot = 10 contracts
JPN225: 1 lot = 500 contracts
Soft breach means that we will close all trades that have violated the rule. However, you can
continue trading in your
Assessment or Funded Account.
Positions can be held over the weekend
The rules for the Funded Account are exactly the same as your Assessment account. However, with a Funded Account, there is no profit target.
Yes. If you have a hard breach in your funded account, any accumulated gains in the account will be forfeited unless you have purchased the Payout Protector add-on. Please review the FAQs for additional details.
Payout Protector is an optional add-on that enables you to still receive a payout on any gains in your account, despite the fact that you breached your account (provided all other conditions for a withdrawal are met and your account is not otherwise in violation of our Terms and Conditions).
Example:
Assume you are trading a $100,000 Funded account and have generated $8,000 in gains at the
time you breach your account.
Without Payout Protector, the account would be closed and the $8,000 would
be forfeited.
With Payout Protector, the account would still be closed due to the breach,
but you would
still receive your portion of the
$8,000 gain made in the account.
No. The account will still be considered breached if a rule violation occurs. Payout Protector does not remove or alter risk parameters. It only protects your gain from being forfeited in the event of an account breach.
No. It is entirely optional and must be selected at the time of purchase.
The maximum position that you may open is determined by your available margin. We reserve the right to increase the margin requirement, limit the number of open positions you may enter or maintain in the Funded Account at any time, and to revise in response to market conditions the drawdown levels at which trading in the Funded Account will be halted. We or the Broker reserve the right to refuse to accept any order
No. We do not have any control over pricing from the liquidity provider or on the executions on your trades
Traders can request a withdrawal of the gains in their funded account at any time in their trader dashboard, but no more frequently than once per thirty (30) days. So, if you make gain in your funded account, you can request a withdrawal. When you are ready to withdraw the gains from your funded account, click the Withdraw Profits button in your trader dashboard and enter the amount to withdraw. All such gains are distributed via the available outbound payment solutions offered from time to time. Once your withdrawal request is approved, we will pay the monies owed to you. We reserve the right to change the withdrawal methods and options at any time.
Upon passing your Assessment, you will receive an email with instructions on how to access and complete both your “Know Your Customer” verification and your “Trader Agreement”. Once both are completed and supporting documentation is provided, your Funded Account will be created, funded and issued to you typically within 24-48 business hours. You will receive a confirmation email once this account is being enabled.
Once you pass the Assessment, we provide you with a funded account, backed by our capital.
The capital in your funded
Account is notional and may not match the amount of capital on deposit with the Liquidity
Provider. A Funded Account is
notionally funded when actual funds in the account (i.e., the equity in a Funded Account
represented by the amount of capital)
differs from the nominal account size (i.e., the size of the Funded Account that establishes
the initial account value and level of
trading). Notional funds are the difference between nominal account size and actual capital
in a Funded Account.
Use of notional funding does not impact your trading conditions in any way
Your first withdrawal can be requested at any time, subject to an 80/20 profit split. Thereafter, you can request a withdrawal of the gains in your account every 30 days. When a withdrawal is approved, we will also withdraw our share of the gains. The drawdown does not reset when you request a withdrawal. Example: You have taken an account from $100,000 to $120,000. You then request a withdrawal of $16,000. In this scenario, you will receive $12,800 and we would retain $3,200. This would also take the balance of the account down to $104,000, and your Maximum Drawdown will lock at the starting balance of the account unless you have purchased the add-on to disable it. If you withdraw all of your profits you will violate the Maximum Drawdown rule and lose the account.
For purposes of managing risk and minimizing transaction costs, we may offset or negate market risk and act as the direct counterparty to certain trades initiated in the Account. Such trades are executed at prices provided by arm’s length third parties. This framework is intended to ensure you receive real market execution on your trades, while simultaneously allowing us to manage risk dynamically by routing existing positions or future orders to third parties for execution as we deem appropriate. We believe that such real market execution and dynamic risk management would not be possible or as cost-effective if trades were executed in simulated accounts. Regardless of whether we act as counterparty to your trades, the gain or loss on your funded account is not calculated differently. However, when we act as the counterparty to your trades, there is an inherent potential conflict of interest because your trades do not result in net gain or loss to us, as your trades would if we were not the direct counterparty