Evaluation Rules
Please Take The Time To Review These Rules Carefully, Adhering To Them Ensures Your Account Remains In Good Standing And Is Eligible For Payment From Nexgen.
The rules for all accounts are the same from Evaluation to ProTrader Live accounts.
We feel it is essential to test with the same rules you will be trading live, unlike some firms that change the rules after you go live to ensure your failure. At Nexgen, we want you to succeed, and we strive for the highest percentage of winners in the industry. Once you pass your evaluation, the subscription for that account will automatically end. For information on what happens to your account once you pass: Click Here
Rule 1. Establish Profitability
Each account size at Nexgen ProTrader Funding comes with a specific profit target that you must achieve to pass the evaluation. A minimum of 1 trading day is required to pass the account. There is no time limit to achieve this; take as long as needed while maintaining an active subscription. A trading day is defined as any day on which at least one order is executed. *Refer to the table below for detailed evaluation account information and payout structure.
Rule 2. Do Not Hit The Maximum Trailing Drawdown
Nexgen calculates the max drawdown based on the profit or loss of each closed trade. To determine your max loss level, it will be the (closed trade equity less the evaluation's draw-down max). This style of drawdown provides traders with the most straightforward and advantageous rules.
( SemiLive + ProTrader Live Accounts ) Drawdown Stops At The Account Buffer Level + $100 Ex. Formula: Starting Balance + Drawdown + $100 = Fixed Buffer (Allows traders to compound profits by increasing position size) Click: For a detailed explanation of how Nexgen calculates Draw-Down.
*Refer to the table below for detailed evaluation account information and payout structure.
Rule 3. Do Not Trade More Than Allowed Contracts
Your maximum position size is determined by the number of contracts allowed for the account size you choose to trade. If you trade a MAX size, you run the risk of ruin with one bad move.
If you trade Max Contracts, you won’t be able to scale out of your position. Your only options will be:
All or nothing execution
Hitting a stop or target
In the 50k evaluation, your max position size is 10 contracts. If you are already trading the full 10, you can run into rejections when trying to close the trade.
Example:
You’re short 10 contracts.
You have a stop (buy 10) and a target (buy 10) working.
That counts as 20 “worst case” contracts, which is allowed.
If you then send a market order to buy 10 more, the system adds it all together (stop 10 + target 10 + market 10 = 40). That’s double the limit, so the order is rejected.
The system doesn’t know you’re trying to flatten. It only checks the total possible exposure.
How to close in this situation:
Cancel your stop and target orders first, then send the market order to close.
Or, if your platform has a “Flatten/Close Position” button, use that. It cancels orders before sending the close.
If you want flexibility to scale or exit cleanly, stay under the max size so you have room for partials or flattening.
*Refer to the table below for detailed evaluation account information and payout structure.
Detailed Account & Payout Structure Information
Account Size
Cost
Days To Pass
Target to Pass
Max DrawDown
Max Position Size
Activation Fee
Reset Fee
Withdraw Above
Payout Schedule - First 60 Days
Before 16th Payout
After 16th Payout
25k
$149.00
1
$1,250.00
$1,750.00
5 contracts / 5 micros
$119
$59.00
$26,850.00
$1250 Every 8 Trading Days
90%
100%
50k
$249.00
1
$2,750.00
$2,250.00
10 contracts / 10 micros
$129
$79.00
$52,350.00
$2000 Every 8 Trading Days
90%
100%
75k
$299.00
1
$4,250.00
$2,750.00
12 contracts / 12 micros
$159
$99.00
$77,850.00
$2250 Every 8 Trading Days
90%
100%
100k
$319.00
1
$5,500.00
$3,300.00
14 contracts / 14 micros
$179
$99.00
$103,400.00
$2750 Every 8 Trading Days
90%
100%
150k
$399.00
1
$8,500.00
$4,800.00
17 contracts / 17 micros
$199
$99.00
$154,900.00
$3000 Every 8 Trading Days
90%
100%
Drawdown Lock = When the drawdown will stop trailing your account, once you have achieved enough equity in the account.
$25,000
$26,850.00
$28,600.00
$50,000
$52,350.00
$54,600.00
$75,000
$77,850.00
$80,600.00
$100,000
$103,400.00
$106,700.00
$150,000
$154,900.00
$159,700.00
Nexgen Requires 8 Trading Days To Be Completed For Each Payout Requested
Once in a Semi-Live Account or Live ProTrader Account, you can withdraw profits exceeding the plan's drawdown buffer. This drawdown buffer, equal to the max drawdown, will be used to pad the account so that failing the account becomes as difficult as possible. Any withdrawals during the 60-day probation period count as part of your 16 total payouts.
Minimum Payout Rule
The minimum payout request is $500 USD.
You must have at least $600 above your account buffer to request a withdrawal.
60-Day Probation Period
During the first 60 calendar days on a Semi-Live account, withdrawals are capped based on account size (see table above).
Payouts are available every 8 trading days.
Withdrawals are calculated on profits above the account buffer + $100.
After 60 Days
Withdrawals remain every 8 trading days (not calendar days).
Traders can withdraw 90% of profits above the account buffer + $100.
Upon reaching the 16th payout, Nexgen may transition the trader to a live, real-money account with a power of attorney. From this point forward, the trader will receive 100% of the profits generated in the live account.
Profit Consistency Rule
In any 8-day payout cycle, no more than 30% of total profits may come from a single trading day.
If one day makes up more than 30%, no payout will be processed until further trading reduces that day’s weight to 30% or less.
Example If you make $5,000 in one day and little else, you cannot withdraw. To qualify, you need to grow your total profit to at least $16,667 above the account buffer + $100, where $5,000 is 30% or less of the total.
Rules That Disqualify Your Account & Require Reset
Violating any of these rules will immediately disqualify you from Nexgen's ProTrader Funding Evaluation, Sim/Live Trader, and ProTrader Live Accounts, and you will have to reset your evaluation account.
Reaching your Drawdown Limit.
Holding an Overnight Position: Margin requirements and Risk are VERY HIGH, so do not hold past 5 minutes before the close, or your account will be terminated.
No High-Frequency Trading. IE. The average of your trades that last 15 or fewer seconds would be considered HFT. Sometimes, you get stopped, or the market jumps quickly to a target! So, there may be trades here or there, but as an overall average, trades should take longer than 15 seconds.
You cannot let someone else trade your account. You must be the trader.
Do not trade beyond 5 minutes before the market's close. You will be warned via email, but repeated warnings may result in account termination. Remember that agricultural products and others may have different closing times than equity indexes. It is up to you to know when your markets close.
Do not trade 1 minute before or until 1 minute after any red flag news event, as denoted by Forex Factory's Economic Calendar.
Do not place new trades within 5 minutes of market close—low liquidity can cause poor fills or forced overnight positions. Violations may lead to disqualification or account review.
Restricted news events are as follows:
Non-Farm payroll (NFP). These events take place on the first Friday of each month at 8:30 AM Eastern.
Consumer Price Index – CPI.
News event: crude oil or natural gas inventories. Prohibited products: crude oil, natural gas.
FOMC meeting minutes/announcements. These sessions take place on Wednesdays at 2:00 p.m. Eastern Time, and trading during this time is usually very volatile.
News event: bond auctions. Prohibited products - 2-Year, 5-Year, 10-Year. 30-Year bonds or notes.
Additional Conditions Not Allowed:
Simultaneously going LONG in one account and SHORT in the other will immediately disqualify you from being able to trade with Nexgen forever.
If a market is limited up or down, you cannot place a trade for 5 minutes after trading resumes. This has not happened in a long time, but it will happen again one day.
Last updated