What are the rules of the Master account at Ylos Trading?
At Ylos Trading, the Master account, which is an approved account with withdrawal rights, has the following rules:
- Trading Days: To request a withdrawal, you must have traded for at least 10 days, and within those days, at least 7 must be winners, where a winning day is defined as having net gains of at least $50.00. Additionally, you must not go more than 30 days without trading, under penalty of account cancellation.
- Number of Accounts: A maximum of 20 accounts per user is allowed.
- Positioning During News: It is not allowed to be positioned during the release of news, but the trader can operate after the announcement, respecting other risk rules.
- Drawdown: The drawdown is of the trailing type, adjusted in real-time, until you reach a profit equivalent to the drawdown value plus US$100. From that point, the drawdown becomes static.
- Brokerage: In the Master account, there is a charge for brokerage on the trades executed.
- Important Note: The Master account requires a professional trading approach, with stricter rules to ensure the sustainability and integrity of operations. These rules are designed to promote a disciplined, consistent, and sustainable trading practice in the Master account, ensuring both the protection of the trader's capital and the financial health of Ylos Trading.