How Does LeseUp Work?

Posted by paul walker on May 11th, 2023

Introduction

LeseUp is a platform that allows traders to operate with a lower risk and lower costs. This platform offers Evaluation Accounts to traders that allow them to operate with a lower balance and lower leverage. In this blog post, we will discuss how to use LeseUp and the different rules and procedures you need to follow.

Buying Your LeseUp Account

Once you purchase your Evaluation Account, you will receive an email with the Tradovate platform's access codes. To access the platform, you need to enter the link https://trader.tradovate.com/ and your given credentials in the Evaluation Account purchase email. The credentials can be found in the “Platform Information” section within the email. After entering the credentials, a “Market Data Subscriber” Certification Notice will appear. You will see two options, Professional and Non-Professional. Please select “Non-Professional” to enter. Afterward, complete the following forms until finished. Once completed, it will direct you to the next page of “Select a Trading Mode” and enter “Simulation” – “Continue”. It will directly take you to your Platform, and you will be able to enjoy it. Instructions for installing the platform are available in a PDF guide that we will send you when you purchase your Evaluation Account.

How to Buy Market Data

When purchasing an Evaluation Account, you can buy market data within the cost of the account. However, if you only need specific instrument data, LeseUp offers lower costs to allow traders to buy only what they need, starting at /month. The purchase of the data is done directly from the Tradovate Platform, and instructions for buying and installing market data are available in a PDF guide that we will send you when you purchase your Evaluation Account.

Evaluation Account Rules

Evaluation accounts have a 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 three overnight micro contracts. To pass the evaluation accounts, you must have at least ten trading days, and your balance at the end of the day must be greater than the goal of the chosen account. End of the day drawdown will update only at the end of the day, determining the operations that were carried out during the day. In case of reaching the loss limit during the day, your account will be disabled. Withdrawal rules are flexible, and details can be found in the Contract.

Conclusion

LeseUp is an excellent platform for traders who want to trade with lower risks and costs. By following the rules and procedures outlined in this blog post, you can enjoy the benefits of LeseUp and improve your trading experience.