Our data shows that traders who don’t use stop losses tend not to survive long in trading.
We require you to place a stop loss on every trade to ensure proper risk management and to help protect your account.
What happens if I don't use a stop loss?
Not using a stop loss is considered a soft breach. This means:
- It won’t lead to the termination of your funded account.
- However, our risk management system will automatically close trades without a stop loss within 1 minute after placing the trade.
- The stop-loss order must be visible on the trading platform, so using a 'stealth mode' stop-loss is not permitted.
What are the consequences of having trades closed without a stop loss?
- Any trades closed without a stop loss and in profit will not be counted towards your profit target objectives. This rule applies to all our programs.
- You will receive an automated email notifying you of your position which has been closed due to not placing a stop loss within 1 minute.
- The stop-loss order must be utilized for executing legitimate trading strategies and should not be set at a significant distance from the entry price to create the appearance of having no stop loss. Circumventing the stop-loss security mechanism is strictly prohibited, as it is akin to not placing a stop loss at all and is considered a form of gambling and improper risk management.