While there is no cap on the number of accounts a trader can have, there is a cap on the amount of capital summed across accounts. Specifically, traders need to ensure that they do not go over $400K in capital across all Standard Challenge accounts on the platform, and an additional $400K in capital across all Pro Challenge accounts on the platform.
Equivalent limits are in place for trading virtual accounts in other currencies – €320,000; £280,000; CAD 480,000; AUD 520,000; CHF 320,000 or CZK 8,000,000, for both Standard and Pro Challenge account types. These limits are in place due to risk mitigation & diversification as we don’t want to allocate a big portion of our investment on one card.
Please be careful not to get multiple virtual accounts through various registrations as this is not permitted. If we discover identically traded strategies through various virtual accounts, and exceeding $400K in the summary of allocated capital value for all Standard Challenge accounts and $400K in the summary of allocated capital value for all Pro Challenge accounts, we reserve the right to suspend those virtual accounts as per the Terms & Conditions.