What is the Rapid Scaling Program?
The Rapid Scaling Program is designed to help traders progress and increase their account allocation gradually, based on consistent performance. This initiative ensures proper risk management while giving traders the opportunity to demonstrate their trading capabilities and earn on their funded accounts.
Why am I being scaled down to a different initial allocation?
The decision to scale your account to a different initial allocation is based on the following considerations:
Data Collection for Consistency Assessment:
We need more data to evaluate your trading performance in normal trading conditions. This helps us better understand your trading strategies and ensure they can be consistently replicated.
Impact of News-Driven Trading:
A significant portion of your trades appears to be heavily influenced by news events. While news-based trading can yield results, it is often less predictable and harder to sustain consistently over the long term. By scaling down, we can better assess your performance under standard market conditions.
How does the Rapid Scaling Program work?
Placement by the Risk Management Team: You will be placed into the Rapid Scaling Program by our risk management team, starting with a live trading account size that differs from your original allocation.
Growth Milestone: Once you reach a 10% growth on your account (cumulative profits during the funded stage), your account size will be doubled.
Maximum Allocation: The program allows for a maximum allocation of double the account size of the account based on your performance.
Partial Refund Policy: If your account is scaled down to a lower initial allocation, we will provide a partial refund. The difference between the account size you originally purchased and the account size provided will be refunded back to your payment method.
Why is this approach beneficial?
Risk Management: By starting with a smaller initial allocation, we can better manage risk while assessing your trading performance.
Growth Potential: The program incentivizes consistent, high-quality trading by offering scaled allocations upon achieving performance milestones.
Earnings Opportunity: You can begin earning on your funded account immediately while working towards growth targets.
What happens if I reach 10% growth?
When you achieve 10% growth on your Rapid Scaling Program account:
Upon achieving a 10% growth milestone, your account size will double, increasing your earning potential and paving the way for further growth opportunities.
Your performance will continue to be monitored to assess long-term consistency.
Will I be charged additional fees?
No, there are no additional fees for participating in the Rapid Scaling Program. Any difference in fees from the account adjustment will be refunded to you.
What happens if I don’t reach the growth target?
If you do not reach the growth target, your account will remain at the original allocation. You can continue trading and working towards achieving the 10% growth milestone at your own pace.
How do I track my progress in the Rapid Scaling Program?
You can monitor your account's performance and progress toward the 10% growth milestone through your trading dashboard. If you have questions about your progress or allocation status, feel free to contact our support team for assistance.