Introduction
LeseUp is a risk management platform for traders that offers Evaluation and Performance accounts. If you’re new to LeseUp, you may have some questions about how it works and what you need to do to get started. In this blog post, we’ll answer some of the most common questions we receive about LeseUp.
How Does LeseUp Work?
When you purchase an Evaluation Account, you will receive an email with Tradovate platform access codes. To get started, you’ll need to enter the link https://trader.tradovate.com/ and input your given credentials from the Evaluation Account purchase email. Once you’ve entered your credentials, a “Market Data Subscriber” Certification Notice will appear, and you’ll need to select “Non-Professional.” From there, complete the necessary forms until finished, select a trading mode, and enter “Simulation” to continue. Once you’ve completed these steps, you’ll be directed to your platform and can begin trading. Note that when you purchase your Evaluation Account, we’ll send you a PDF with installation guides, which you can find at https://leseup.com/mi-cuenta/downloads/.
How Should I Buy Market Data?
Funding companies typically buy Market Data within the cost of their Evaluation Account, but LeseUp has lowered the cost of Evaluation Accounts so that traders can buy only the data for the instruments they need. The cost is $4/month. To purchase Market Data, simply follow the steps outlined in the PDF you’ll receive when you purchase your Evaluation Account.
What are the Evaluation Account Rules?
Evaluation accounts have only one simple rule: do not reach the minimum established for each account. The account balance must not exceed the loss limit of the chosen account, and you must not trade more than three overnight micro contracts. To pass the evaluation, you must trade for at least ten trading days. For account approval, your balance at the end of the day must be greater than the goal of the chosen account. Once you’ve reached your account’s goal, do not carry out any more operations and generate a TICKET in the Help Desk with the subject “Goal reached.” This will be attended to within the following 24 business hours.
What are the Performance Account Rules?
Once you’ve completed your Evaluation Account, you may be ready to start your Performance Account. Performance accounts require a minimum of 20 trading days, and you must reach the threshold established for each Evaluation Account plus $100. Once you’ve reached the threshold, you can withdraw your margin according to the “Funds Withdrawal” scale established in the Contract. Performance account maintenance is flexible, and you can choose between monthly payments or a single payment. The Hybrid Drawdown applies to all enabled accounts.
What are the Withdrawal Rules?
To make a withdrawal, you must meet the threshold previously described. Once you’ve reached the threshold, the first four months of withdrawals from evaluation accounts will be flexible. For example, there is a fixed withdrawal of $1,000 only once a month, individual withdrawals of $500 only twice a month, and flexible withdrawals of $200 as many times as you want during the month. In the fourth month, there is a fixed withdrawal of $1,250 only once a month during the two months, individual withdrawals of $625 only twice a month, and flexible withdrawals of $500. After the fifth month, you can withdraw what you want, as long as you respect the established threshold. To request the withdrawal of funds, you must generate a TICKET at the Help Desk with the subject “Payment for Performance benefits,” which will be attended to within the following 24 business hours.
Conclusion
LeseUp offers a flexible and user-friendly platform for traders to manage their risks. If you’re considering using LeseUp, we hope this guide has answered some of your questions and helped you understand how to get started with Evaluation and Performance accounts.