Many traders have experienced challenging times during evaluations, particularly after taking significant losses. Such situations can greatly impact a trader's psychology and approach, often increasing the pressure and risk of further losses and potentially losing the account.
To address this, ETX has introduced a unique add-on, Account Rejuvenate, which acts like an insurance policy for your trading account. Knowing you have this safeguard can enhance your sense of security, possibly improving your trading effectiveness. Experience a more confident trading journey with Account Rejuvenate. Happy trading!
What is Rejuvenate? Explain what it is and how it's used.
Account Rejuvenation is a non-refundable account add-on that allows traders whose account balance is within 3% of the initial account balance to "rejuvenate" their negative account to break even. The rejuvenation will give you a brand-new account. For the option to become available to use, all open trades must be closed and your account balance must remain within 3% of the initial balance.
For example, if your account has an initial balance of $100,000, the balance must not be less than $97,000 after all open trades are closed to qualify to use the Rejuvenation option. In the event a trader's account balance is more than 3% of the initial balance, they must trade their accounts back to eligibility (e.g., if the balance drops to $96,500 (ineligible), traders must trade it back to $97,000 or higher (eligible)).
How many times can you use the rejuvenate add on?
The rejuvenate add on can only be use once. If its used in Phase 1, then you can not use it on Phase 2 in the event you pass and get upgraded.
Which programs are eligible for the Rejuvenate Add-on?
The Rejuvenate add-on can be purchased for the Solo Campaign (1-Phase) and Multi Campaign (2-Phase) programs only. It does not roll over to a simulated funded account. If traders achieve a simulated funded account, the rejuvenation add-on will remain on the user account until a new challenge is purchased and be added to it. Please note that the Rejuvenate add-on is not available for the LAM (Live Action Mode) program.
Can I use the Rejuvenate add-on for another account?
The Rejuvenate add-on is exclusive to the account it was purchased for and cannot be transferred or used with any other account.
Here's what happens with the Rejuvenate add-on based on your account status:
If you pass: The Rejuvenate add-on will automatically carry over to each subsequent phase.
If you breach: Should you breach your account without utilizing the Rejuvenate add-on, the decision to transfer it to another qualifying account will be at the discretion of ETX.
How many Rejuvenate Add-ons can I purchase?
You can purchase only one Rejuvenate add-on per qualified account.
What happens if you accidentally use the Rejuvenate to reset your account?
We understand mistakes happen. We advise you to reach out to our support team, and we will review your case and provide a timely solution.
Disclaimer: The Rejuvenate add-on is used at the trader's discretion. ETX may remind traders that they have this option available on their account but will never compel or force a trader to use the Rejuvenate add-on.