The Live Account Program FAQ provides essential information about our live account program. We strive to offer traders a personalized experience with a practical, straightforward approach. Recognizing that each trader has a unique strategy, our goal is to ensure you have the flexibility to trade according to your preferred style.
DayTraders.com reserves the right to identify and call traders up to live at any time. You may decline the offer, resulting in account closure.
Starting Account Balance
Post S2L-Evaluation: If you pass the DT Live Account Evaluation, you’ll receive a live account with a $7,500 balance.
Payout Allocation Option: At your last payout milestone, you may allocate $1,000 to $10,000 of your payout to a live account. DayTraders will match your allocation.
For example, if your payout is $7,500 and you allocate $2,500 to the live account, DayTraders will add $2,500, resulting in a $5,000 balance.
Note: If you allocate some of your payout, your risk parameters may be different than outlined below.
Profit Split
You can request any profit generated above the initial balance of your account. While your trailing drawdown has not locked yet, the profit split is 50/50.
Once your trailing drawdown has locked at initial account balance, the profit split will be set at 80/20.
A 90/10 profit split is available at the Risk Management Team's discretion. Usually this occurs once the trader is scaled up.
This is to encourage account longevity. We want our traders to build the account and show us they can handle being scaled up. The first step is to keep the account open and active.
Payouts
Payout requests must be made before 12PM ET on Fridays. Your account must be flat (no open orders) for the payout request to be approved. Management may approve you for more frequent payouts, and you’ll be notified if eligible.
Minimum Payout Request: $500 (pre-split)
Contract Limits
Most accounts start with a limit of 2 mini or 20 micro contracts. Contract adjustments are reviewed bi-weekly with your Risk Manager.
Risk Manager Meetings
You’ll meet with your Risk Manager every two weeks to review your trading progress, risk management, account balance adjustments, contract limits, and other key topics.
Scaling and Changes to Account Metrics
Hitting the two-month mark is a major milestone in your Live Account journey. During your fourth bi-weekly meeting, we’ll conduct a deep review of your progress and determine whether it’s time to increase your account balance. If so, other key metrics like your max loss limit, daily loss limit, and contract sizing will also be adjusted accordingly.
What Happens If I Hit the MLL?
If you reach the Maximum Loss Limit, your live account closes. Trading can be challenging, and we offer a path back through the DT Live Account Evaluation. Learn more here: DT Live Account Evaluation.
Note: Traders with prior live DT account experience cannot purchase regular evaluations or Pro Accounts.
Additional Information
DayTraders reserves the right to review and adjust live account balances at the discretion of the Risk Team.