I am positive in a Challenge account but haven't reached the gain goal within 30 days. Will I keep my positive balance upon renewing my account?
Yes, at Ylos Trading, if your Challenge account has a positive balance, upon renewing the account for another 30 days, you will retain that positive balance. However, if the account balance is below the initial value at the end of the 30-day period, a new account will be created for you with the balance reset to zero.
Details on Ylos Trading's Renewal Policy:
- Challenge Accounts:
- Automatic Renewal: The renewal of the Challenge account is automatic unless the trader cancels the account through the control panel before renewal.
- Positive Balance: If your Challenge account has a positive balance at the end of 30 days, you will continue with that balance upon renewal. This gives the trader the opportunity to continue pursuing the profit goal from the already accumulated positive balance.
- Negative Balance: If the account balance is below the initial value at the end of the 30-day period, a new Challenge account will be created for the trader with the balance set to zero, returning to the initial value set for that account.
- Profit Goal: The trader must always aim to reach the profit goal within the new 30-day cycle to advance to a Master account.
Important:
- Cancellation: The trader has the option to cancel the renewal of the account to avoid the charge of an additional evaluation fee. This must be done before the renewal date to prevent automatic charges.
- Notices: Ylos Trading might send notices or notifications about automatic renewal, but it's the trader's responsibility to monitor their panel to make informed decisions about continuing or canceling the account.
This renewal policy is designed to give traders multiple opportunities to demonstrate their trading skills while maintaining the integrity and structure of the evaluation process.