General Trading Limitations

Maximum total loss per trading idea is 2% of the initial account balance, including floating loss.

A trading idea is defined as:

• Same symbol + same direction where positions are opened within 60 minutes, and/or

• Positions that are open at the same time on the same symbol and direction.

These limits apply to all positions combined that belong to the same trading idea (including add-ons, partial closes, and re-entries). You cannot split a position into multiple orders to exceed the intended risk limits, even if each individual order appears compliant.

Risk is the potential loss from entry to stop-loss (or the closest available risk control if no stop-loss is used).

Trades without a stop-loss may be assessed at our discretion and can be restricted. If no SL is used, we may evaluate risk using the largest adverse excursion or an internal worst-case risk model.

EAs are allowed. You may use EAs (Expert Advisors) that you setup to suit your own strategy or trading style.

Trade Copiers are allowed.

While VPNs and VPS are allowed, using either service to bypass rules related to copy trading, group trading, or signal trading is strictly prohibited. If you are found misusing these services in violation of your contract or our Terms of Use, your account will be failed and terminated.

We have no restrictions on holding trades over night or the weekend.

On Funded accounts, weekend holding is not permitted. All open positions must be fully closed prior to the market close on Friday. 

Overnight holding during the trading week (Monday–Friday) remains permitted on Funded accounts.

Yes, we allow news trading. It is allowed without restrictions on the challenge phase.

However, we do not allow news trading on Funded accounts. For trades executed on your FUNDED ACCOUNT, please refrain from Opening/Closing trades 15 minutes before and 15 minutes after red folder (high-impact) news events.

• 1st violation: Any profits earned during this restricted time will be subject to removal (no account violation).

• Repeated or systematic violations: may result in fail/termination of the account.

Additionally, please refrain from Opening/Closing trades 15 minutes before and 15 minutes after FOMC speeches, statements, and news events on Funded accounts.

• Any profits earned during FOMC restricted windows will be subject to removal, and repeated behaviour may lead to fail/termination.

It’s imperative for traders to remain vigilant of market dynamics, particularly during news events, as fluctuations can lead to slippage and account synchronisation delays. Consequently, this may yield varied outcomes, making it impossible for us to ensure profits during such volatile periods on funded accounts.

You are not allowed to hedge between accounts under your control (including, but not limited to, multiple Era Trade accounts, sub-accounts, re-try accounts, or any accounts linked to the same trader, household, device, IP/VPS/VPN, payment method, or trading environment).

This includes both:

• Direct cross-account hedging: opening opposite positions on the same instrument across different accounts (e.g., Account A long EURUSD while Account B short EURUSD).

• Correlated cross-account hedging: opening positions across different accounts on correlated instruments to create offsetting exposure (e.g., Account A long EURUSD while Account B short GBPUSD to neutralize USD exposure).

Any strategy that uses multiple accounts to reduce, transfer, mask, or net-out risk, stabilize equity curves artificially, or bypass any loss/risk rules will be treated as a violation.

Correlated hedging to hide risk (single account or cross-account)

Entering opposite directions on correlated instruments to artificially reduce or hide risk (e.g., taking offsetting positions meant to neutralize drawdown while keeping upside exposure).

Synthetic hedging to bypass rules

Synthetic hedging designed to bypass loss limits, trading restrictions, or risk rules by spreading exposure across correlated pairs/symbols, multiple entries, or multiple instruments.

Arbitrage-based hedging

Hedge arbitrage / emulators or any form of arbitrage-based hedging is prohibited.

What counts as “correlated instruments”?

• Highly related FX pairs sharing the same base/quote exposure (examples: EURUSD vs GBPUSD for USD exposure; EURUSD vs USDCHF for USD exposure; EURJPY vs GBPJPY for JPY exposure).

• Instruments that commonly move together due to the same underlying driver (indices in the same region, similar commodities, etc.).

Examples of violations (for clarity)

• Cross-account direct hedge: Account A buys EURUSD, Account B sells EURUSD to neutralize risk.

• Cross-account correlated hedge: Account A long EURUSD, Account B short GBPUSD primarily to neutralize USD exposure and reduce drawdown.

• Synthetic hedge: Account A long XAUUSD, Account B short XAGUSD mainly as an offset aimed at masking risk rather than expressing two independent trade ideas.

We reserve the right to classify hedging as abusive if its intent or effect is to bypass trading rules or risk limits, including cases where exposure is neutralized through correlated instruments across one or more accounts.

The minimum holding time is 3 minutes. If a trade is closed in under 3 minutes, it may be flagged for tick scalping, which is against our trading rules.

Cheating Is Prohibited

Of course, any trading styles that are deemed as “cheating” are not permitted and will result in a violation of our Terms of Service. For this reason, it is against our rules to take advantage of strategies that generate risk-free, consistent profits only on demo accounts. Our Funded Traders are expected to be trading on their accounts as if they are live accounts. Any use of a strategy that takes advantage of demo accounts will result in the closure of a Funded Trader’s account, whether in the evaluation phase or while funded.

Example Strategies That Violate Our Rules

• Use of platform or data freezing due to a Demo Server error.

• Use of a delayed data feed

• Trading on delayed charts

• Tick scalping, high frequency trading, arbitrage bots

• Reverse arbitrage

• Latency arbitrage

• Hedge arbitrage or any emulators are prohibited.

These are the most common strategies that we have seen people use to take advantage of demo accounts, though this list does not represent all possible strategies that would go against our trading rules. If any account is seen to be using unfair strategies or an unrealistic trading style, they will not be eligible to be funded.

It’s imperative for traders to remain vigilant of market dynamics, particularly during news events, as fluctuations can lead to slippage and account synchronisation delays. Consequently, this may yield varied outcomes, making it impossible for us to ensure profits during such volatile periods on funded accounts.

Account Inactivity

We require you to place at least one trade every 30 days. If this is not done we will consider your account inactive and a breach of your account will occur.

Gambling Rule

We have a strict policy against trading strategies that rely on “all or nothing” or gambling-style behaviour. We classify gambling as any trading activity where margin usage exceeds 50% in a single trade. Trades of this nature show a significant lack of risk management and are not aligned with the principles we uphold.

Our goal is to identify disciplined, consistent traders who can manage risk effectively while generating sustainable profits. These are the traders we choose to partner with and provide simulated funded accounts of up to $300,000.

Strategies that depend on excessive margin usage, single-trade outcomes, or reckless risk exposure are not permitted.

Discretion Clause

Era Trade reserves the right to fail or terminate any account engaging in abusive, unrealistic, or rule-evasive trading behaviour, even if not explicitly listed.