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PAYDAY Account Rule Overview

Payday accounts can be purchased here: https://www.toponetrader.com/payday

Written by Lars

PAYDAY Account Rule Overview

The PAYDAY Account is a short term trading account designed around a simple objective: complete the required number of qualifying profitable trades within the 8 hour trading window, without breaching the trailing max loss limit.

Each PAYDAY Account comes with a $100,000 account size, a 2% trailing max loss limit, and a selected stake and multiplier chosen by the trader at purchase.

PAYDAY Account Options

Rule

2x PAYDAY

5x PAYDAY

10x PAYDAY

Account Size

$100,000

$100,000

$100,000

Stake

$25 to $500

$25 to $500

$25 to $500

Multiplier

2x

5x

10x

Profit Target

None

None

None

Timeframe

8 hours

8 hours

8 hours

Max Loss Limit

2% trailing

2% trailing

2% trailing

Starting Max Loss Amount

$2,000

$2,000

$2,000

Required Profitable Trades

3

4

5

Minimum Profitable Trade

1%

1%

1%

Leverage

20:1

20:1

20:1

Profit Split

100%

100%

100%

Account Size

Each PAYDAY Account is created with a $100,000 account size.

The account size is the trading balance used for the PAYDAY Account. The selected stake does not change the account size.

Stake

Traders can choose a stake between $25 and $500.

Stakes are available in $25 increments.

The selected stake determines the payout amount the trader can become eligible for after completing the PAYDAY objective.

Multiplier

Traders can choose one of three multiplier options:

Multiplier

Required Profitable Trades

Eligible Payout

2x

3 profitable trades

Stake x 2

5x

4 profitable trades

Stake x 5

10x

5 profitable trades

Stake x 10

The higher the multiplier, the more qualifying profitable trades are required.

Profit Target

There is no traditional profit target on the PAYDAY Account.

Instead of reaching a fixed account profit target, traders must complete the required number of qualifying profitable trades based on their selected multiplier.

Timeframe

The PAYDAY Account has an 8 hour trading window.

The 8 hour timer starts immediately from the moment the account is purchased.

To maximize the available trading time, we strongly recommend starting your account during available market schedules.

Trailing Max Loss Limit

Each PAYDAY Account has a 2% trailing max loss limit.

Since every PAYDAY Account starts with a $100,000 account size, the starting max loss amount is:

$2,000

This means the initial breach level starts at:

$100,000 minus $2,000 = $98,000

The max loss limit is based on the highest account balance reached.

As the account balance increases, the breach level also moves up. The trailing max loss limit continues to trail based on the highest balance and does not lock at the starting balance.

Required Profitable Trades

The number of required profitable trades depends on the selected multiplier.

Multiplier

Required Profitable Trades

2x

3 profitable trades

5x

4 profitable trades

10x

5 profitable trades

Each qualifying profitable trade must reach at least 1% profit.

Minimum Profitable Trade Requirement

To count toward the PAYDAY objective, each profitable trade must reach at least 1% profit.

Trades that close in profit but do not meet the minimum 1% requirement will not count toward the required profitable trade objective.

Only One Trade at a Time

PAYDAY Accounts only allow one trade at a time.

A trader may not open multiple trades at the same time.

A new trade may only be opened once the previous trade has been fully closed.

What Is Considered a Single Trade?

A single trade refers to one opened position that is later fully closed.

Partial closes do not count as individual trades.

For example, if a trader opens one position and closes it in multiple parts, this still counts as one trade only.

Leverage

PAYDAY Accounts have up to 20:1 leverage.

This applies to all PAYDAY multiplier options.

  • Forex: 1:20

  • Indices / Metals: 1:10

  • Crypto: 1:2

Weekend and Overnight Trading

Weekend and overnight trading is allowed.

Crypto trading is available after FX markets close. As long as the trader is still within the 8 hour trading window, they may continue trading available markets.

This means traders can trade 24/7 during their active PAYDAY Account window, provided the selected market is available on the platform.

News Trading

News trading is allowed on PAYDAY Accounts.

EA and Bot Usage

EAs, bots, automated trading systems, and similar tools are not allowed on PAYDAY Accounts.

All trading activity must be performed manually by the trader.

Minimum Trade Length

There is no minimum trade length on PAYDAY Accounts. You can secure profits in 1 second, 5seconds 10 minutes, whatever you prefer!

Profit Split

Traders keep 100% of the eligible PAYDAY payout after successfully completing the account objective.

The eligible payout is based on the selected stake and multiplier.

Payout Eligibility

A trader becomes eligible to request a payout once all of the following conditions are met:

  • The required number of qualifying profitable trades has been completed.

  • Each qualifying trade reached at least 1% profit.

  • The objective was completed within the 8 hour trading window.

  • The account did not breach the 2% trailing max loss limit.

  • The account followed all PAYDAY Account rules.

What Happens After a Successful Payout?

Once a PAYDAY payout is approved, the account is closed.

The PAYDAY Account is not a long term funded account. It is designed as a short term objective based account.

After completion, the trader may purchase a new PAYDAY Account and try again.

Important Notes

  • The 8 hour timer starts after you take your first trade.

  • Traders should set up MT5 or TradeLocker before purchasing.

  • Each PAYDAY Account has a $100,000 account size.

  • The PAYDAY Account has a 2% trailing max loss limit.

  • The trailing max loss limit is based on the highest account balance reached.

  • The max loss limit continues to trail upward and does not lock at the starting balance.

  • Only one trade may be open at a time.

  • Partial closes do not count as separate trades.

  • EAs and bots are not allowed.

  • News trading is allowed.

  • Weekend and overnight trading are allowed if the market is available.

  • There is no minimum trade length.

  • Traders keep 100% of the eligible PAYDAY payout.

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