Account Resets
How To Reset Your Accounts & Why It Happens.
If you break a rule and your account is disabled, it will be deactivated immediately. Attempting to place a trade on a disabled account will display a message saying that "your account is in a liquidate-only mode and no new trades may be placed." If a failed account still maintains an active subscription, it will automatically reset back to the starting balance size (for example, $50k for a 50k account or $100k for a 100k account) once your billing reprocesses. If you don’t want to wait for your next billing cycle, you can pay a one-time reset fee to immediately restore your account to tradable status. The table below will show you the cost per account size for the one-time reset fee.
$25,000
$59.00
$50,000
$79.00
$75,000
$99.00
$100,000
$99.00
$150,000
$99.00
At Nexgen ProTrader Funding, we recommend trading using the simulator/paper trading vs an evaluation account, until you feel you are a capable trader with a good entry and exit plan.
The primary purpose of using a funding company vs. funding your own day trading capital is simple: trading is difficult, and trading consistently is even more difficult! Day trading has a bad reputation because most people who learn to trade by using real money usually lose much, if not all, of it.
Most day traders will trade live money before gaining the skills to create a winning trading plan and the confidence and discipline to follow it.
If you need additional trading education, Nexgen Software Services offers a comprehensive trading plan, powerful indicators, and expert education to help refine your strategy and improve your approach.
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