IF I BREACH THE TRADING RULES, DO I GET A SECOND CHANCE?

First, it's important to understand that there are two different types of breach: a hard breach and soft breach.

A violation of the daily loss limit, virtual maximum trailing drawdown (1 Phase Auditions and Lightning Round Auditions) or virtual maximum fixed drawdown (2 Phase Auditions) constitutes a hard breach.

A soft breach occurs if, for example, a trader places a trade without a stop-loss. If a soft breach occurs, the trade is closed, and the trader can continue to trade.

During the SurgeTrader Audition, account access will be revoked in the event of a hard breach. If a virtually funded trader incurs a hard breach of the trading rules, trading account access will be revoked. Any gains earned by the trader at that time will be distributed. In either case, traders can always start again with another SurgeTrader Audition. A 20% discount is available for a repeat Audition.