Betting and Gambling practices are practices in which traders use all available risk to try to make the most profit in a single operation.
Betting/Gambling trading parameters:
Excessive single trade risk: Risking the maximum daily DD or close to it in a single operation.
Excessive two trade risk (simultaneously and in sequence): Risking the maximum daily DD or close to it in two operations in a row or opened at the same time.
Excessive three trade risk (simultaneously and in sequence): Risking the maximum daily DD or close to it in three operations in a row or opened at the same time.
Sudden and anomalous change of operations: Use different operating modes between the challenge phases and the funded account. (I use a BOT/EA to pass and then I operate manually and vice versa)
Sudden and anomalous change of assets: Operate to overcome the challenge phases on an Asset Class and change approach with the funded account (For example in the phases I operate only on Raw Materials and in funded I operate only on Indices vice versa)
This behavior that does not take into account risk management is absolutely prohibited in Prop Number One.
In this way, even those who do not have a great deal of experience in trading with single leveraged operations on data and news can obtain large profits that are not "Genuine".
This practice is prohibited on Prop Number One, be careful even a BOT or purchased Software, if set with excessive parameters can cause you to incur this penalty.
Below are the rules and penalties applicable based on the percentage of operations carried out in hedge trading between two different accounts.
What happens if I have been reported for Betting/Gambling Trading?
Unlike all the other Prop Firms out there that disable the account without the possibility of recovery in Prop Number One, where transparency is one of the values, we have developed intervals.
What we mean by excessive risk
$100,000 account
1 trade where I risk more than 3% (Maximum daily DD is 4% or 5%).
2 trades in a row or open together where I risk more than 3% (Maximum daily DD is 4% or 5%).
3 trades in a row or open together where I risk more than 3% (Maximum daily DD is 4% or 5%).
We have prepared a series of warnings before taking very severe actions for this behavior, you can find them listed below.
What happens with a first warning
Phase 1: You are warned and trades are scaled
Phase 2: You are warned and trades are scaled
Funded: You are warned and trades are scaled
What happens with a second warning, the maximum leverage rule of 3 is added and a mandatory stop loss is required.
Phase 1: You are warned, the account is disabled and a new identical account is given in phase 1
Phase 2: You are warned, the account is disabled and a new identical account is given in phase 1
Funded: You are warned, the account is disabled and a new identical account is given in phase 2
What happens with a third warning, the maximum leverage rule 1 is added, the mandatory stop loss is required and the maximum risk limit of 1% per trade is imposed.
Phase 1: You are warned, the account is disabled and a new identical account is given in phase 1
Phase 2: You are warned, the account is disabled and a new identical account is given in phase 1
Funded: You are warned, the account is disabled and a new identical account is given in phase 2
What happens with a fourth warning
Phase 1: The account is disabled and the challenge is lost.
Phase 2: The account is disabled and the challenge is lost.
Funded: The account is disabled and the challenge is lost.
N.B.
Obviously we will provide all the necessary evidence of our systems so that our users can also verify.
Please note that it is the trader's responsibility to ensure that the software and BOT purchased do not operate at exaggerated leverage, in any case once the sanction is detected, the risk management will apply it unilaterally.