Certain Definitions

The following terms, when used in this document, shall have the meanings set forth below:

Funding Programs (or "the Program"): The collective set of evaluation phases and funded account stages provided by Ace Trading, designed to identify, train, and allocate capital to consistently profitable stock traders.

Program Rule: Any prescriptive requirement, constraint, or trading parameter defined in this document (specifically within the "Normative" content) that a User must adhere to in order to maintain account validity or eligibility for advancement and payouts.

User (or "Trader"): The individual participating in the Program who has agreed to the Terms of Use and is responsible for managing the provided trading accounts in compliance with all Program Rules.

Phase Pathway: The structured sequence of account stages (Challenge → Entry → Pro → Elite → Live) through which a User progresses by meeting specific performance targets.

Buying Power: The total value of securities that a User can purchase in their account using the capital provided by the Company. This is often expressed as a multiple of the initial account size.

Maximum Total Drawdown: The hard limit defining the lowest allowable account equity relative to the starting balance. Breaching this limit results in immediate account termination.

Maximum Daily Loss (Daily Drawdown): A dynamic risk limit that restricts the total loss allowed within a single trading day. Breaching this limit freezes the account until the next market open but does not necessarily terminate the account.

Profit Target: The specific monetary gain (typically 10% of the initial buying power) that a User must achieve to be eligible for advancement to the next phase.

Consistency Score: A mathematical formula used to evaluate whether a User's profits are the result of a repeatable strategy rather than a single "lucky" trade. It measures the concentration of profit on the most successful trading day relative to total profitable days.

Regular Market Hours: The primary trading session of the relevant stock exchanges, defined specifically as 9:30 AM (ET) to 4:00 PM (ET).

Forced Flat: An automated safety protocol where the trading platform closes all open positions at a specified time (e.g., 3:59:55 PM ET) to prevent overnight exposure.

Hammer Lite Universe: The specific group of eligible trading symbols that meet the Company's criteria for volume, price, and market capitalization.

Slippage: The difference between the expected price of a trade and the price at which the trade is actually executed, often occurring during high volatility.

Gap Risk: The risk that a stock price will open significantly higher or lower than its previous close with no trading activity in between, potentially bypassing a User's stop-loss orders.

Rewind Option: A specific feature available only during the Challenge phase that allows a User to erase a day of trading following a Daily Drawdown breach, effectively resetting the account to its state at the beginning of that day.

Simulated Profits: Profits generated in evaluation or non-live funded phases (Entry, Pro, Elite) which are used to calculate the User's profit share but do not represent actual realized gains in a live brokerage account.

User Wallet: The internal digital ledger where the User's share of profits is credited upon successful phase advancement or payout approval.

Auto Advance: A configurable setting that determines whether an account is automatically promoted to the next phase immediately upon reaching the Profit Target.

1. Basics and Prerequisites

1.1. Purpose and Goals

Ace Trading is centered around enabling and growing consistently profitable stock traders.

The Ace Trading funding programs, including the passing criteria for each phase and the general trading requirements, are designed to:

• provide maximum flexibility for traders, while
• fitting Ace Trading's risk management requirements and integrity controls.

Some rules may appear strict from the standpoint of an individual trading style. They exist to protect Ace Trading's risk framework (including edge cases and rare market conditions) and to ensure fairness across the Program.

Ace Trading welcomes feedback and may improve the program over time. However, it is always the User's responsibility to adapt strategy and trading style to the rules as currently defined.

1.2. Document Structure and Interpretation

This document is intended to help the User understand:

• the overall framework and phases;
• the spirit and intent of the Program; and
• the meaning and application of individual rules.

However, while explanations and examples are provided for clarity, the rules themselves are what matters.

This document contains two kinds of information:

• Normative content is prescriptive: it defines rules and requirements that must be followed.
• Non-normative content (also called informative content) provides background, examples, notes, and guidance.

Because examples are specific, they may not represent every scenario. Therefore, all examples are non-normative, and the wording of the rule itself always takes precedence.

1.3. Knowledge Prerequisites

Capital markets—and stock markets in particular—are a lifelong pursuit. Basic knowledge is essential to avoid surprises and make informed decisions.

It is the User's responsibility to understand basic trading concepts, the characteristics of stock markets, and the specific venue and platform used by Ace Trading.

At minimum, Users should fully understand the meaning and implications of:

• market hours; spreads; commissions; slippage; liquidity; volatility;
• cents/point value; share size; stop loss; quantity; take profit;
• market/limit/stop orders; bid/ask; drawdown; daily loss;
• trading halts and circuit breakers; gap risk.

1.4. Requirement Levels

The key words "must", "must not", "required", "shall", "shall not", "should", "should not", "recommended", "may", and "optional" are to be interpreted as described in RFC 2119.

1.5. Trading Platform

Ace Trading provides a trading platform that supports trading during regular market hours and enforces Program rules at the account level.

The Company may change suppliers and systems (platform vendors, liquidity partners, and supporting infrastructure) at any time.

2. Core Program Framework

By participating in the Program, the User progresses through phases where they demonstrate profitability and rule compliance.

Unless otherwise specified, the Program follows this phase pathway:

Challenge → Entry Funded → Pro Funded → Elite Funded → Live Trader (Career Path, by invitation)

2.1. Account Stages

This document describes the general process. Specific account types and special programs are detailed in the section Account-Specific Parameters and Special Programs.

2.2. Phase Requirements

2.2.1. Requirement for Passing from Phase to Phase

To pass from one phase to the next (including Challenge → Funded), the User must:

• 1. Reach the Profit Target (defined as 10% of the selected buying power), and
• 2. Have no breach of any Program rule during the current phase.

Example (informative):

If a User selects a $10,000 buying power account, the profit target is 10% (= $1,000). The phase is passed when equity reaches $11,000, provided no rule breach occurred.

2.3. General Rules (All Phases)

The following rules apply to all phases, regardless of whether the account is simulated or real:

2.3.1. Maximum Total Drawdown

Rule: Maximum Total Drawdown can vary from 4% to 10%, selected by the User. The client chooses the % based on his trading style.

The steps of the Maximum Total Drawdown are as follows: 4%; 6%; 8% and 10%

How it works: The Maximum Total Drawdown defines the lowest allowable account equity (relative to the starting balance, including profits).

Example (informative):

• Starting balance: $10,000
• Trader makes +$300 (equity = $10,300)
• Later the trader loses –$1,100 (equity = $9,200)
• Account is still valid
• If equity falls below $9,200 (e.g., $9,199), the Maximum Total Drawdown is breached.

2.3.2. Maximum Daily Loss (Daily Drawdown)

Rule: Maximum Daily Loss (Daily Drawdown) is dynamic and equals ¼ of the selected Maximum Total Drawdown.

Examples:

• 4% total drawdown → 1% daily drawdown
• 6% total drawdown → 1.5% daily drawdown
• 8% total drawdown → 2% daily drawdown
• 10% total drawdown → 2.5% daily drawdown

Daily limit behaviour:

• The daily limit is a fixed monetary amount based on the selected buying power and chosen drawdown level.
• The daily limit does not change from day to day.

Enforcement:

• If daily drawdown is breached, all open positions are automatically closed.
• The account is frozen for the rest of the day.
• The account automatically reopens at the next trading day market open.

Important: A daily drawdown breach does not terminate an account by itself unless cumulative losses also breach the Maximum Total Drawdown.

2.3.3. Rewind Option (Challenge Only)

Availability: Rewind is available only in the Challenge phase.

Rule: If a User breaches daily drawdown in the Challenge, they may activate a Rewind to erase the entire day of trading.

• Rewind can be used only when daily drawdown has been breached (not total drawdown).
• Rewind can be applied a maximum of 5 times (as defined per account / offer).
• Rewind is not available in funded phases.

Example (informative):

• $10,000 buying power; total drawdown 8%; daily drawdown $200
• Day 1: +$500 (equity $10,500)
• Day 2: daily drawdown hit; equity drops to $10,300; account frozen
• Rewind erases Day 2 → account resets to $10,500 and total drawdown resets accordingly.

2.3.4. Trading Hours and Forced Flat

Rule: Trading hours are 9:30 AM (ET) – 4:00 PM (ET) (regular market hours).

Enforcement: All open positions are closed automatically with a market order at 3:59:55 PM (ET).

Example (informative):

Entering a trade at 3:58 PM (ET) will still be closed via market order at 3:59:55 PM (ET).

2.3.5. Symbol Criteria (Trading Universe)

A symbol is eligible for trading only if it meets all of the following:

• Average daily volume > 200,000 shares
• Price > $1
• Market Cap > $250 million

This universe is often referred to as the "Hammer Lite Universe" and may include 3,000+ symbols.

Commission Structure

Commissions are charged at:

• $0.005 per traded share, with a $0.75 minimum fee per filled order.

Examples (informative):

• Buy 50 shares of AAPL → $0.75 (minimum fee)
• Buy 200 shares of AAPL → $1.00
• Buy 1,000 shares → $5.00

2.3.6. Minimum Trading Days

To complete the Challenge (or any funded stage), the trader must actively trade for a minimum of 5 separate trading days.

Definition: A "trading day" is any calendar day on which at least one trade is opened and closed.

• Multiple trades in a single day still count as one trading day.
• Days with no closed trades do not count.
• Trading days do not need to be consecutive.

2.3.7. Consistency Requirement

The formula for calculation of the Consistency Score is:

Consistency Score = [1 – (Most Profitable Trading Day / Combined Profit on All Profitable Days)] × 100

Conditions:

• 1. Score ≥ 70: Trader is considered consistent and may progress to the next phase.
• 2. Score between 50 and 70: Trader cannot pass the Challenge; trader may request a withdrawal (in funded phases), but Ace Trading may offer a different profit split.
• 3. Score < 50: Trader must continue trading until the score rises above 50.

2.4. No Gambling Rules (Funded Phases — Reviewed on Withdrawal Requests)

The following rules apply in funded phases and are evaluated during withdrawal reviews.

2.4.1. Minimum Trade Duration

No minimum hold time is required during the Challenge phase.

In funded phases, Ace Trading reserves the right to review short-duration trading for consistency and legitimacy.

Guideline: Repeated patterns of trades held for less than 60 seconds may lead to withdrawal denial.

2.4.2. Minimum Price Move (Soft Rule)

No minimum price move is required during the Challenge phase.

In funded phases, repeated patterns of taking profits smaller than $0.10 per share may be deemed non-compliant and may lead to withdrawal denial.

2.4.3. Trading Halt Rule

Users must not actively trade a symbol during a trading halt. After a halt, Users must wait 1 minute before opening or adding to a position. No exceptions.

2.5. Volatility / Position Sizing Integrity Rules

2.5.1. 5% Volume Rule (Evaluation Accounts Only)

Rule: In evaluation accounts, the volume of any new position (opening or adding) in an instrument cannot exceed 5% of its trading volume in the previous one-minute candle.

Aggregation: All trades executed in the same instrument within the same minute are treated as a single position.

Multiple orders: Layering entries that collectively exceed 5% is prohibited.

Consequences: Violating trades may be invalidated and could result in restrictions or review.

2.5.2. 8% Volatility Rule (Funded Accounts)

Rule: In funded accounts, Users cannot open or add to a position on a symbol that has moved 8% in the direction of the move within the last 4 minutes of regular trading.

Window: Rolling 240 seconds of regular trading time, excluding halts and extended hours.

Entry restrictions:

• Long: cannot buy at price ≥ 1.08 × lowest execution price in the window
• Short: cannot sell at price ≤ 0.92 × highest execution price in the window

Pullback exception: Entries on pullbacks are allowed provided the calculated price ranges are not violated.

Consequences: Violating trades are invalidated (not counted), but the account is not automatically terminated.

3. Phases and Parameters

3.1. Challenge

Purpose: The only evaluation step required to enter funded stages.

• Profit Target: 10% of selected buying power
• Buying Power: 100% of selected buying power
• Total Drawdown: chosen at purchase (4% / 6% / 8% / 10%)
• Daily Drawdown: ¼ of total drawdown
• Payouts: No

3.2. Entry Funded

• Profit Target: 10%
• Buying Power: 100%
• Total Drawdown: same as Challenge
• Daily Drawdown: ¼ of total drawdown
• Profit Share: 70/30 (Trader/Ace Trading)
• Payouts: Yes (simulated profits)

3.3. Pro Funded

• Profit Target: 10%
• Buying Power: 150%
• Total Drawdown: same as Challenge
• Daily Drawdown: ¼ of total drawdown
• Profit Share: 75/25 (Trader/Ace Trading)
• Payouts: Yes (simulated profits)

3.4. Elite Funded

• Profit Target: 10%
• Buying Power: 200%
• Total Drawdown: same as Challenge
• Daily Drawdown: ¼ of total drawdown
• Profit Share: 80/20 (Trader/Ace Trading)
• Payouts: Yes (simulated profits)

4. Withdrawals (Funded Phases)

4.1. First Withdrawal Timing

The first withdrawal can only be requested 14 calendar days after the first trade is placed on the funded account.

Example: If the first trade was on 1 March, the first withdrawal request can be made on or after 15 March.

4.2. Subsequent Withdrawals

After the first withdrawal, clients may request a withdrawal at any time, subject to other conditions below.

Example: A trader makes their first withdrawal on 15 March; their next can be requested on 20 March if they wish.

4.3. Minimum Withdrawal Amount

The minimum withdrawal amount is 1% of the account buying power. Requests below this threshold will not be processed.

Example: On a $10,000 account, the minimum payout is $100. Since the Entry phase has a 70/30 split, the trader must earn at least $143 in profit (70% = $100) before requesting.

4.4. Timing of Request

Withdrawal requests must be made outside market hours, when all positions are closed.

Example: If the market closes at 9:00 PM, a request can be submitted after that, provided the account has no open trades.

4.5. Account Lock During Review

Once a withdrawal request is submitted, the account will be locked for trading for up to 24 hours (working days only) while trades are reviewed for compliance.

Example: Trader submits a request Monday night; account is unlocked by Tuesday night once review is complete.

4.6. Verification

A human review checks whether any rules (drawdowns, consistency, etc.) have been breached. If the account is compliant, the payout is approved.

Example: Trader requests $500 withdrawal; reviewer confirms no rules broken → request approved.

4.7. Payment Scheduling

Approved payouts are scheduled for payment only on the 1st and 3rd Friday of each month.

Example: Request approved on 10 March → payout sent on 15 March (3rd Friday).

4.8. Effect on Account Balance

Once approved, the withdrawal amount (both trader share and Ace Trading share) is deducted from the profit balance, and the account is reset for trading.

Example: A Trader has an Entry Funded Account with buying power 10,000 and profit share 70/30. The trader makes $300 in profit. He requests 140$ and the withdrawal is approved. In this case the total amount of $200 from his profit will be removed. $140 will be paid to the user, $60 will be held by Ace Trading.

After approval the account will be unlocked and the available buying power will be 10,100 (10,000 initial buying power + 100 made in profit, which has not been withdrawn).

4.9. If Denied

If the review finds that rules were breached, the withdrawal is denied, no payout is scheduled, and the account is likely terminated.

Example: Trader requests $200; review shows they exceeded daily drawdown; request denied, account closed.

5. Advancing Between Funded Phases

5.1. Advancement Conditions

• (a) A trader becomes eligible to advance once the profit target of the current funded phase has been achieved.
• (b) Advancement is conditional on full compliance with all rules set out in 2.3 General Rules.
• (‌c) No breaches of daily drawdown, total drawdown, consistency requirements, or other active restrictions may occur during the phase.
• (d) Once verified, the trader is automatically promoted to the next funded stage, unlocking greater buying power, higher payout potential, and access to more symbols.
• (e) Advancement can occur as soon as the conditions are met — traders do not need to wait for the full trading period to end.
• (f) Traders who prefer to remain in their current funded phase may do so, continuing to trade under the same conditions instead of progressing immediately.

5.2. Auto Advance Option

Users may purchase accounts with Auto Advance ON or OFF.

5.2.1. Purchase with Auto Advance ON

Trader automatically advances to the next funded stage as soon as the profit target is achieved and all General Rules are respected.

No additional action required.

5.2.2. Purchase with Auto Advance OFF

Trader remains in the current funded stage (e.g., Entry Funded) even if the profit target is reached.

Trader may enable Auto Advance at any time in their profile. Advancement only occurs once Auto Advance is enabled and all criteria are met.

5.2.3. Disable Auto Advance After Purchase

Trader initially chose Auto Advance ON but later decided to remain at the current stage.

Auto Advance can be disabled anytime in profile settings. Disabling incurs a fee equal to 50% of the purchased account price (to cover the lower entry fee).

5.2.4. Re-enable Auto Advance

Traders who have disabled Auto Advance can't re-enable it later.

In such case the trader needs to contact Ace Trading Support.

5.3. Profit Transfer on Advancement and Wallet Logic

5.3.1. Profit Transfer on Advancement

When a trader advances to the next funded phase, the profit earned (e.g., 10%) is split based on the rules of the current phase (e.g., 70/30 in Entry Funded). The trader's share is moved into their User Wallet and remains available for withdrawal.

The trader can withdraw the full wallet balance later — profits from previous phases are not forfeited.

Example: Trader earns $1,000 profit in Entry Funded. Split = $700 to trader, $300 to Ace Trading. The $700 is credited to User Wallet. The $700 from Entry phase is fully available for withdrawal once conditions of the new phase are met.

5.3.2. Conditions in New Phase

To request a withdrawal after advancing, the trader must meet all conditions from 4 Withdrawal Rules.

5.3.3. Combined Payout

When eligible, the trader may withdraw both the wallet balance from the previous phase and the new profits from the current phase in a single payout request.

Example: Trader has $700 from Entry + $150 eligible profit from Pro → can request $850 withdrawal in total.

5.3.4. Rule Verification on Withdrawal Requests

When a withdrawal request is submitted, all rules from points 2.3; 2.4 and 2.5 must be respected.

This review covers all trades executed across all active and previous accounts, including the Challenge, Entry Funded, Pro Funded, and Elite Funded phases.

The review ensures that no breaches of maximum daily drawdown, total drawdown, consistency requirements, or trade validity occurred at any stage.

If any violation is identified, the withdrawal request may be denied, and the account may be terminated in line with program policies.

Only once this verification is successfully completed will the payout be approved and scheduled.

5.3.5. Transferred Profits and Breach on New Account

If a trader breaches the rules from points 2.3; 2.4 or 2.5 in their new funded account (e.g., Pro or Elite), any profits previously transferred from earlier phases, which has respected the Rules are not lost.

However, they are no longer eligible for direct withdrawal. Instead, the transferred amount is converted into discount vouchers equal to the trader's share of profits. These vouchers can be used internally to purchase new challenges.

6. Prime Accounts (Instant Funding)

Prime Accounts are instantly funded accounts with no Challenge phase.

6.1. Key parameters:

• (a) All Prime Accounts have direct access to live market data with real live accounts. These accounts are driven by the motto: "Your profit is our profit too".
• (b) Profit target: There is NO profit target on Prime accounts.
• (‌c) Daily drawdown: There is NO daily drawdown on Prime accounts.
• (d) Total drawdown: 5% fixed (non-trailing). If a user has purchased an account of $10,000, his account size can't go below $9,500 at any point.
• (e) Period: Unlimited
• (f) Trading hours: 9:30 AM – 4:00 PM; forced flat at 3:59:55 PM
• (g) Rewind button: There is NO Rewind button available on Prime accounts.
• (h) Commission: $0.005/share; $0.75 minimum
• (i) Profit share: 80% User / 20% Ace Trading
• (j) Withdrawals: Subject to all Withdrawal Rules from points 2.3; 2.4 and 2.5. All rules must be respected.
• (k) Overnight trading: Yes, overnight trading will be available after the account has reached 20% profit.
  • Overnight leverage: 3× the profit generated

Prime pricing and parameters are provided separately in the official pricing table in the Ace Trading website.

7. Live Trader / Career Path (Invitational)

Ace Trading provides a structured career path for traders who demonstrate consistency and discipline.

7.1. Levels:

• (a) Junior Trader: Begin with real capital allocations of up to $1M in buying power, payouts of up to 75%, and access to 5,000 tradable symbols. Work closely with a personal mentor as you refine your trading skills.
• (b) Mid-level Trader: Progress to larger allocations of up to $5M in buying power, higher profit splits up to 80%, and access to 8,000+ symbols. Focus on scaling strategies and advanced risk management with professional guidance.
• (‌c) Senior Trader: Take on leadership responsibility with allocations up to $20M in buying power, 90% profit splits, and full market access, including 11,000 symbols plus options and crypto. Contribute to portfolio development and strategic trading decisions.
• (d) Mentor (Optional): As a Senior Trader, you may opt to mentor new talent, earning up to 10% of your team's P&L and taking on a management role within Ace Trading's structure.

7.2. Access Requirements

To qualify, traders must:

• complete Elite Funded successfully,
• reach phase profit target,
• comply with all Program rules throughout the journey.

Eligible traders will be invited to an interview with the CEO or Head of Trading Desk. Upon successful interview, the trader may receive live capital allocation at the sole and unreviewable discretion of Ace Trade.

8. Prohibition of Coordinated or Opposite Trading Across Multiple Accounts

Traders are strictly prohibited from coordinated trading across two or more accounts or platforms to create opposite positions ("hedging across accounts").

Ace Trading reserves the right to monitor and investigate patterns indicating abusive behaviour and may cooperate with industry partners to identify coordinated practices.

Consequences may include:

• immediate termination of accounts,
• cancellation of payouts,
• confiscation of wallet funds linked to abusive activity,
• permanent ban for repeat offenders.

Anti-Scam Controls

Ace Trading may use risk controls such as:

• cross-account correlation / mirrored trade detection,
• payment and identity linkage checks and early KYC,
• device and IP behavioral analysis,
• multi-channel identity binding for higher-risk accounts.

Specific detection methods may not be publicly disclosed.