After live funding stages are reached by the trader they can have a extra sim-account called the scaler account to make sure that they are trading only A+ setups with consistency to make sure that the progress can be moved to increasing capital on the traders live account.
How It Works
Once the trader reaches the live funded stages they are not allowed to buy any evaluations or sim-funded accounts to scale the account. This is to ensure that a live traders are given the chance to grow their account with NexGen for the long term.
Instead they are given a scaler account which will make sure that they are able to trade on the side only with their A+ setups to make sure scaling of live funds arrive to their account. This account is available after reaching 100% of the starting Live balance.
If a trader fails their scaler account, a trader must wait for the 30day period to get a new one. Below is what a Scaler Account will be:
| Criteria | Details |
|---|---|
| Account Balance | $10,000 sim account is given after reaching 100% of gains is achieved in live account. |
| Drawdown (DD) | Full capital of the $10,000 of the account is given. |
| Minimum Trading Days | Required 12 minimum Trading Days. Account will be auto-reset every 30 days. |
| Consistency | 30% average per month needs to be met. |
| Time Limit | 30 days to achieve trader desired target. |
| Allowed contracts | 1 mini/ 10 micros. |
| Reward | After every 30 days the scaler account will be measured for its consistency. Above 30% no scaling provided to Live account. 25% – 30% = 10% of the scaler account profits will be added with 1 extra contract. 20% – 25% = 20% of scaler account profits will be added to the balance of live account with 2 contracts. |
