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.
Starting Account Balance
• Post-Evaluation: If you pass the DT Live Account Evaluation, you’ll receive a live account with a $10,000 balance.
• Payout Allocation Option: At your third 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.
Profit Split
Live accounts begin with a 70/30 profit split—70% to you, the trader, and 30% to DayTraders.
This split may increase with Risk Manager approval.
Payouts
You can request payouts weekly on Fridays. Management may approve more frequent payouts, and you’ll be notified if eligible.
Daily Loss Limit (DLL)
Each live account has a personalized Daily Loss Limit set by your Risk Manager. For accounts following the DT Live Evaluation, the DLL is $1,500. Exceeding this limit won’t close your account but will require a meeting with your Risk Manager to review.
Maximum Loss Limit (MLL)
Each account has a Maximum Loss Limit, also set by your Risk Manager. For post-evaluation accounts, the MLL is $4,000. If your account equity drops below $6,000, the account is closed.
Futures Contract Limits
Most accounts start with a limit of 2 mini or 20 micro contracts, though your Risk Manager will confirm your specific limit during your initial meeting. 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.
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.