How Do I Upgrade or Scale My Account?Scaling your account is a significant milestone in your trading journey. It allows you to manage larger capital and potentially increase your profits, rewarding your consistent performance and disciplined trading. Here’s everything you need to know about upgrading or scaling your account with us.
What Is Account Scaling?Account scaling refers to the process of increasing the capital allocation to your account when you meet specific performance criteria. This enables you to trade larger volumes, giving you the opportunity to earn higher returns while maintaining the same level of risk management.
When Are You Eligible for Scaling?To qualify for account scaling, you must demonstrate:
- Consistent Profitability:Achieve the profit targets outlined in your account agreement over a predefined period.
- Risk Management Discipline:Stay within the drawdown limits and adhere to all trading rules without violations.
- Minimum Trading Days:Some scaling programs require a minimum number of active trading days to ensure consistency.
Example:If you’re trading a $ 50,000 account, scaling might involve increasing your account size to $ 100,000 after consistently achieving a 10% profit while following all rules.
How Does Scaling Work?- Performance Evaluation:At the end of your evaluation period (e.g., monthly or quarterly), we review your trading performance to determine if you meet the scaling criteria.
- Capital Increase:Once approved, your account balance will be scaled up, typically by a percentage or to a predefined level (e.g., doubling the account size).
- Revised Parameters:Your new account balance will come with updated drawdown limits and profit targets proportional to the scaled amount.
What Are the Benefits of Scaling?- Increased Earning Potential:A larger account balance allows for bigger positions and, subsequently, higher potential profits.
- Recognition of Skill:Scaling rewards your consistent performance and proves your ability to handle larger capital.
- Enhanced Confidence:The scaling process serves as validation of your trading strategy and risk management skills.
What Should You Consider When Scaling?- Maintain Your Discipline:Even with increased capital, stick to the same risk management principles that helped you achieve scaling.
- Adapt to New Targets:Understand that larger accounts may come with stricter drawdown or performance requirements.
- Stay Consistent:Scaling doesn’t mean you should change your trading strategy drastically. Continue focusing on consistency.
What If You Don’t Meet the Scaling Criteria?If you don’t qualify for scaling during a particular evaluation period, don’t worry! You can continue trading on your current account and work towards meeting the requirements in the next evaluation cycle. We’re here to support your progress every step of the way.
How We Support Scaled Traders- Ongoing Support:Our team is available to assist with any questions or challenges you face as you scale your account.
- Educational Resources:Access materials to refine your strategy and adapt to managing larger capital effectively.
- Transparent Criteria:We provide clear, detailed scaling requirements so you always know what to aim for.
Final ThoughtsScaling your account is more than just managing more capital—it's a testament to your skill, discipline, and ability as a trader. By focusing on consistent performance and adhering to the rules, you can unlock this opportunity to grow your trading career with us. Let’s work together to take your trading to the next level!