On the 2-Step Master account only, there is a limit to the number of lots you can open at any time. The total lot exposure consists of summing all the lots of trades that were open at the same time.
The following exposure limits apply per account size:
Maximum Lot Exposure Limit per account size (2-Step Master accounts only)
$25,000 is max 10 lots
$50,000 is max 20 lots
$100,000 is max 40 lots
There is no limit applied on the 5,000 and 10,000 2-Step Master accounts.
If the trades are closed, you are allowed to open new trades on the same day. The Maximum Lot Exposure Limit is only for the open trades, it is NOT a daily limit.
Example 1: $25,000 account
You have a $25,000 account, you are allowed to have one trade of 10 lots open or 5 trades of 2 lot. In this example, you open 2x a 10 lot trade and close both with $1,000 profit. The profit of the second trade will not be counted and deducted from the account because it exceeded the maximum 10 lot exposure limit.
After closing these 2 trades, you are allowed to open new trades on the same day. The Maximum Lot Exposure Limit is only for the open trades, it is NOT a daily limit.
Example 3: Merging
Merging Master accounts will result in a merge of the Lot Exposure Limit
You have merged a $25,000 and $50,000 Master account, which will lead to a maximum Lot Exposure Limit of 30 lots (10 lots +20 lots).
If you exceed this limit, all the profits from trades that were opened and were ABOVE the limit will be deducted from the account. In the event any deductions result in the breach of the daily loss limit or maximum loss limit, the trader is responsible for the violation.
The first time we detect that the lot exposure limit was exceeded will result in a warning. The second time will result in a closure of the account, profit deduction and 30% performance commission, plus all the profits from trades that were opened and were ABOVE the limit will be deducted from the account.