TopTier Trader has announced a key update to its violation deduction policy, effective immediately.
TopTier Trader has announced a key update to its violation deduction policy, effective immediately.
Here are the Highlights of the article “New Violation Deduction Policy: TopTier Trader Enhances Clarity”:
TopTier Trader has announced a key update to its violation deduction policy, effective immediately. The new system aims to enhance transparency and provide clearer guidelines for traders in Phase 1 and Phase 2 of their accounts.
Under the revised policy, violations will now be deducted on the following day after they occur. This is for both Phase 1 and Phase 2 of traders’ accounts. This adjustment is going to give traders a more immediate and consistent reflection of their performance and risk exposure. Prior to this update, traders experienced a more delayed response to violations. This could lead to confusion regarding their account status.
The firm has emphasized that this new deduction system applies only to violations of the trading parameters. If a violation results in a breach of the trader’s maximum loss limit, the account is breach and no longer tradeable. However, this change will not impact breaches due to daily loss limits, which remain unaffected by the new policy.
TopTier Trader also encouraged its traders to be mindful of their daily loss limits. They advise that if a deduction causes a significant reduction to these limits, traders should consider taking a break and resuming trading the next day after the daily loss reset. This is to avoid potential overshooting of loss thresholds and provide time for more strategic decision-making.
The firm believes these updates will foster greater clarity and consistency in its trading operations. This makes it easier for traders to understand their positions and potential risks. By implementing these changes, TopTier Trader reaffirms its commitment to improving the overall trading experience for its global network of traders.
Traders are urged to review their account settings to familiarize themselves with the updated deduction process, ensuring they stay informed of any changes affecting their trading activity.
With these modifications, TopTier Trader aims to continue its mission of providing a transparent and supportive environment for traders to thrive.
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