How does the Add-on “Parachute” work?

What is this Add-on? 

The "Parachute" lets you keep your trading progress after breaking a minor rule, such as the approved times or the daily loss rule and once applied, it will clear the failure. 

It's perfect for traders who want to continue trading their current evaluation account after breaching the approved times or daily loss rule. 

How does it work?

It reactivates your account the next trading day with the same balance you had at the moment of the rule breach (so it won’t change your account balance in any way, like resetting it to Cash on Hand).

When won't the Parachute work?

If EOD (End of Day) drawdown is hit, you cannot use a Parachute.

Will you get a new account with a Parachute? 

No. Contrary to a reset, it does not provide a new evaluation account. Rather, it reactivates your existing account without erasing your progress (such as the number of traded days, minimum account balance).

How much does it cost?

You can purchase it for $60 initially and for $100 mid-product.

Can you buy it when you are in the middle of an evaluation?

Yes, the Parachute feature can be purchased in the dashboard at a cost of $100 mid-product.

Further conditions of use:

Each subscription can have one active parachute, usable only once per evaluation account.

After a standard account reset, the parachute can be repurchased but parachutes cannot be accumulated.

If you reset your account prior to using your parachute, it is not lost but goes towards the new evaluation account.

If you cancel your subscription you will lose your parachute too.