Instant Pro Model.
The Instant Pro model is a no challenge model whereby a trader buys an account and as soon as 5% target is hit ,the trader is paid 50% of total profits. This account has a leverage of up to 1:200 and traders are allowed to copy trades from their personal accounts. Traders get paid monthly when 5% target is hit.
Statistics shows that less than 1% of traders on prop firm accounts keep their accounts past the 5th pay out. Majority of the failures could be attributed to psychology associated with trading live account.
This model is created to give traders the flexibility that does not exist with most instant accounts. Instant accounts are generally too rules laden and a lot of restrictions around leverages, choice of instruments to trade and use of EAs.
Our only rules are ,minimum of 3 days /week trading activities,10% absolute drawdown ,5% daily drawdown and target of 5% for pay out.
You can only have maximum of 1 trading account at a time and accounts merging is not allowed.
Any arbitrage ,martingale profits are subtracted from the total profit, whilst you do not technically violate your account, you will not receive pay out for any profits made using the prohibited trading styles.