For traders

The reference desk.

Phase 1 is a simulated crypto perpetuals account. Reference prices come from the market. Nexetro owns the fills.

Resources

Long, short, leverage, margin, mark price, and funding. Phase 1 is crypto perpetual futures.

Profit target, max drawdown, daily loss, consistency, and position size are checked before every order.

Eligible profits can be requested from a funded simulated account. You do not deposit trading capital.

Glossary

Mark price: The reference price Nexetro uses for equity, margin, and risk. It is not an order sent to an exchange.
Leverage: How large a position the account can hold relative to margin. The flagship program goes up to 10x.
Funding: The periodic payment between longs and shorts on a perpetual. It is applied on the simulated account.
Drawdown: Distance between peak equity and current equity. On the flagship program the max drawdown is static: a fixed floor 8% below the starting balance that never moves.
Liquidation: A position closed because margin is no longer sufficient at the mark price.
Simulated fill: Nexetro accepts the order, applies risk, and records the fill. The order is not sent to a venue.