Welcome to Axestreet Capital ("we," "our," or "us"). By accessing or using our website at a("Website"). you agree to comply with and be bound by the following terms and conditions ("Terms"). Please read these Terms carefully before using our Website. If you do not agree with these Terms, you should not use our Website.
1. Standards of Excellence
The rules that we have are a standard of excellence designed to identify partners for the firm. Engaging in activities not currently prohibited by the rules on the platform which don't honor the spirit of the evaluation and the platform at any of the phases will result in a manual hard breach. Axestreet Capital reserves the right to manually review and deal with cases where the user has been deemed to have tried to cheat the evaluation system and the platform. In these cases, a hard breach may be administered and the corresponding account will be closed.
2. Mandatory Stop-Loss Placement
Traders are required to place a stop-loss on each trade within 5 minutes of executing the trade. Disclaimer: If a trader passes the assessment with 1-3 breaches of this rule, the profits generated from the breached trade(s) will not be factored into the calculation of the amount kept from the assessment.
3. High Impact News Release Trading
You cannot open a trade 5 minutes before and 5 minutes after a high impact news release. Holding during news is allowed. Disclaimer: If one breach occurs and the trader passes the assessment, the profit from that breached trade will not be factored into the calculation of the amount kept from the assessment.
4. Daily Drawdown
Your account balance cannot go below 4% of the previous day's closing balance. (Balance based)
5. Static Drawdown 6%
Your total drawdown cannot go below 6% of the starting account balanceYour total drawdown cannot go below 6% of the starting account balance.
6. Max Open Risk 2%
Your risk across all open positions cannot be 2% or more of the account balance. Disclaimer: If your total open risk is 2% or more, then our system will automatically close all of your trades to help protect your account. This will also trigger a breach. If an account passes the assessment with 1-3 soft breaches of this rule, the profit from that soft breached trade(s) will not be factored into the calculation of the amount kept from the assessment.
7. Oversized Loss Rule:
A loss can’t be 2 times greater than your average loss per trade. Your average loss per trade is calculated after your first 5 losses on a rolling basis. The purpose of this rule is to help trader abstain from snowballing their losses and help with account retention.
8. Oversized Losing Day:
A losing day cannot be 2 times greater than your average losing day. Your average losing day is calculated after your first 5 losing days on a rolling basis. The purpose of this rule is to help traders not lose outsized portions of their account on a single day and to help traders retain as much account balance as possible for future trading days.
9. EAs
Using expert advisors (EAs) is prohibited. Accounts suspected of using an EA will be subject to review including manual review and if the use of an EA is determined, then a hard breach will be administered and that account will be closed.
10. Average Risk per Trade
Traders are not permitted to increase or decrease their risk per trade by 100% of their average risk per trade. A trader's average risk per trade will be assessed over a rolling period of 10 trades. Disclaimer: If a trader passes the assessment with 1-3 breaches of this rule, the profits generated from the breached trade(s) will not be factored into the calculation of the amount kept from the assessment.
11. High Frequency Trading
High Frequency Trading (HFT) is prohibited
12. Copy Trading
Copy trading is prohibited
Sim Funded Rules:
13. Standards of Excellence
The rules that we have are a standard of excellence designed to identify partners for the firm. Engaging in activities not currently prohibited by the rules on the platform which don't honor the spirit of the evaluation and the platform at any of the phases will result in a manual hard breach. Axestreet Capital reserves the right to manually review and deal with cases where the user has been deemed to have tried to cheat the evaluation system and the platform. In these cases, a hard breach may be administered and the corresponding account will be closed.
14. Mandatory Stop-Loss Placement
Traders are required to place a stop-loss on each trade within 5 minutes of executing the trade. Disclaimer: If a trader has 1-3 breaches of this rule, the profits generated from the breached trade(s) will not be factored into the calculation of the performance split.
15. High Impact News Release Trading
You cannot open a trade 5 minutes before and 5 minutes after a high impact news release. Holding during news is allowed. Disclaimer: If a trader has 1 breach of this rule, the profits generated from the breached trade will not be factored into the calculation of the performance split.
16. Daily Drawdown
Your account balance cannot go below 4% of the previous day's closing balance. (Balance based)
17. Static Drawdown 8%
Your total drawdown cannot go below 8% of the starting account balance
18. Max Open Risk 2%
Your risk across all open positions cannot be 2% or more of the account balance. Disclaimer: If your total open risk is 2% or more, then our system will automatically close all of your trades to help protect your account. This will also trigger a breach. If a trader has 1-3 breaches of this rule, the profits generated from the breached trade(s) will not be factored into the calculation of the performance split.
19. Oversized Loss Rule:
A loss can’t be 2 times greater than your average loss per trade. Your average loss per trade is calculated after your first 5 losses on a rolling basis. The purpose of this rule is to help trader abstain from snowballing their losses and help with account retention. Disclaimer: If a trader has 1 breach of this rule, the profits generated from the breached trade will not be factored into the calculation of the performance split.
20. Oversized Losing Day:
A losing day cannot be 2 times greater than your average losing day. Your average losing day is calculated after your first 5 losing days on a rolling basis. The purpose of this rule is to help traders not lose outsized portions of their account on a single day and to help traders retain as much account balance as possible for future trading days. Disclaimer: If a trader has 1 breach of this rule, the profits generated from the breached trade will not be factored into the calculation of the performance split.
21. EAs
Using expert advisors (EAs) is prohibited. Accounts suspected of using an EA will be subject to review including manual review and if the use of an EA is determined, then a hard breach will be administered and that account will be closed.
22. Average Risk per Trade
Traders are not permitted to increase or decrease their risk per trade by 100% of their average risk per trade. A trader's average risk per trade will be assessed over a rolling period of 10 trades. Disclaimer: If a trader has 1-3 breaches of this rule, the profits generated from the breached trade(s) will not be factored into the calculation of the performance split.
23. High Frequency Trading
High Frequency Trading (HFT) is prohibited.
24. Copy Trading
Copy trading is prohibited
