PAYDAY Account Maximum Open Trades
PAYDAY Accounts allow a maximum of 1 open trade at a time.
This means traders may only have one active position open on the account at any given moment.
How the Rule Works
A trader must fully close their current trade before opening another trade.
Opening multiple trades at the same time is not allowed.
This applies to all instruments and all PAYDAY multiplier options.
Example
Allowed:
A trader opens one EURUSD trade.
The trader fully closes the EURUSD trade.
The trader then opens a new XAUUSD trade.
Not allowed:
A trader opens one EURUSD trade.
While the EURUSD trade is still open, the trader opens a second trade on XAUUSD.
This would violate the maximum open trade rule.
Partial Closes
Partial closes do not allow a trader to open another trade.
The original trade must be fully closed before a new trade can be opened.
Important Notes
Only 1 trade may be open at a time.
The current trade must be fully closed before opening a new trade.
This rule applies across all symbols and asset classes.
This rule applies to 2x, 5x, and 10x PAYDAY Accounts.
Opening more than 1 trade at the same time may result in the account being breached.