How LeseUp Works

 

Introduction

LeseUp provides traders with an Evaluation Account which allows them to trade on the Tradovate platform. Once you purchase your Evaluation Account, you will receive an email with Tradovate platform’s access codes. This blog post will discuss the steps you need to follow to set up your Evaluation Account, how to buy market data, and the rules for Evaluation and Performance Accounts.

Setting up Your Evaluation Account

To set up your Evaluation Account, you need to enter the link https://trader.tradovate.com/ and put in the credentials provided in the Evaluation Account purchase Email. Once the credentials have been entered, a “Market Data Subscriber” Certification Notice will appear, where you will see two options (Professional) and (Non-Professional). It is important to select “Non-Professional” to enter. You must complete the following forms and select “Simulation” – “Continue”. Once completed, it will direct you to the next page of “Select a Trading Mode”. Afterward, enter “Simulation” and click “Continue”. It will directly take you to your Platform, and you will be able to enjoy it. You can find installation guides for your Evaluation Account in the PDF sent to you.

Buying Market Data

LeseUp allows operators to buy only the data of the instruments that they are going to need. Generally, funding companies buy market data within the cost of their Evaluation Account and purchase Instrument data that they do not need and will never need. To buy market data, you need to follow the steps outlined in the PDF sent to you. The cost of the market data is $4/month, and you can purchase it directly from the Tradovate platform.

Evaluation and Performance Accounts Rules

Evaluation accounts have one simple rule: “Do not reach the minimum established for each account”. The account balance must not exceed the loss limit of the chosen account. You must not trade more than 3 Overnight micro contracts. The objectives to pass the evaluation accounts include having at least 10 trading days (non-traded day is not considered a trading day), and your balance at the end of the day must be greater than the goal of the chosen account. Performance accounts are maintained by making monthly payments of $50 to $80 or a single payment of $120 to $200, depending on the account size. Traders with a Performance Account must trade for a minimum of 20 trading days (day not traded is not considered a trading day). The threshold means the minimum balance established to withdraw benefits. The Drawdown is dynamic until the threshold is reached, and after that, it becomes static at the threshold value.

Withdrawal Rules

In order to make a withdrawal, you must meet the threshold described in the contract. Once the threshold is reached, the first 4 months will have flexible withdrawals, and after that, you can withdraw any amount as long as you respect the established threshold. To request the withdrawal of funds, you must request it by generating a TICKET at the Help Desk. Once payment is requested, do not TRADE until our confirmation that your balance has been adjusted.

Conclusion

LeseUp has made it simple for traders to buy their Evaluation Accounts and set up their market data. It is important to follow the rules for Evaluation and Performance Accounts to ensure that you maintain your account and make withdrawals. If you have any questions or issues, you can always generate a TICKET at the Help Desk.