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Frequently Asked Questions

  •  What is the profit target?

    Profit target is $2,000,
  •  What is the daily loss limit?

    The daily loss limit is $150 Therefore, the net profit (inclusive of commissions and fees) cannot reach this level in any trading day. If it does, then you are not eligible for a funded account.
  •  What is the weekly loss limit?

    The weekly loss limit is $450 Therefore, the net profit (inclusive of commissions and fees) cannot reach this level for any 7 day period. If it does, then you are not eligible for a funded account.
  •  What is the max drawdown?

    The maximum drawdown is $1,000 Therefore, the net profit (inclusive of commissions and fees) cannot reach this level at any time during the simulated challenge. If it does, then you are not eligible for a funded account.
  •  Do I need to have a license to test for a funded account?

    No
  •  Once I pass the simulated challenge, do I need to fund any of my personal capital into the funded account?

    No
  •  How do I submit the results for review?

    At the completion of the simulated challenge, Affinity will review your account and notify you with 48 hours if you have qualified for a funded account.
  •  How do I reset the simulated challenge?

    You may reset this account at any time for $200. This will reset your starting balance and rules.
  •  Are commissions and fees factored in the simulated challenge?

    Yes.
  •  Is there an age requirement?

    The minimum age to test for a funded account is 18.
  •  Can I trade options?

    The simulated challenge is designed to test a trader’s ability to day trade equities and ETFs only. Therefore, you cannot trade options in the simulated challenge. However, a funded trader may be allowed to trade options on a case-by-case basis. Once a trader receives a funded account, contact Affinity to discuss this option.
  •  Can I hold positions overnight?

    The simulated challenge is designed to test a trader’s ability to day trade equities and ETFs only. Therefore, you cannot hold positions overnight in the simulated challenge. However, a funded trader may be allowed to carry positions overnight on a case-by-case basis. Once a trader receives a funded account, contact Affinity to discuss this option.
  •  What is the Profit Split?

    Funded traders will start with a 70% payout of net profit, inclusive of fees and commissions. However, as a trader increases his or her buying power, the trader payout will increase as well.
  •  How are my profits reported on taxes?

    All traders are considered independent contractors and they will receive a 1099 at the end of the year.
  •  What is the withdraw process?

    Coming Soon
  •  As a funded trader, how much is the software and data fees?

    $250 a month for software license, data, and access to The Affinity Legends of Wall Street trading room.