Trading: What You Can Trade
14 answered questions
Trading: What You Can Trade
Approved instruments, trading hours, news events, expiring positions, overnight rules, and access while traveling.
Approved instruments
What can I trade?
On Evaluation and Funded accounts: supported options on whitelisted tickers only. New Growth and Express purchases allow buying options only. Pro allows buying and selling supported options. Existing accounts keep their purchased strategy permissions. The Live stage is different and is not limited by ticker; see the Live Program Rules.
Where is the ticker whitelist?
/ticker-whitelist has the searchable list. Requests for new tickers go to [email protected].
Can I trade SPY, QQQ, and SPX?
On Evaluation and Funded accounts, supported contracts on whitelisted tickers are available. Check /ticker-whitelist for current availability. New Growth and Express purchases allow buying options only. Pro allows buying and selling supported options. Existing accounts keep their purchased strategy permissions. There is no firm-wide ban on selling supported index options and no minimum opening delta. Selling requires an account with selling permissions; the ticker whitelist, supported-contract requirements and account risk limits still apply. At the Live stage there is no ticker whitelist; the Live Program Rules set the permitted instruments and strategies.
Hours, holidays, and news
Can I trade 0DTE options?
Yes, on supported contracts and whitelisted tickers. New Growth and Express purchases allow buying options only. Pro allows buying and selling supported options. Existing accounts keep their purchased strategy permissions. Selling 0DTE options, including supported index options, requires selling permissions. Expiring positions are auto-closed at 3:55:00 PM ET for most tickers, and 4:10:00 PM ET for SPY, QQQ, IWM, DIA on expiration day.
Can I hold positions overnight?
Yes. Overnight positions are allowed in every phase on all accounts. At the Live stage what you hold overnight is capped at 70% of your remaining drawdown room, and in the last five minutes before each market closes the firm closes only enough to bring you back under that cap. The firm closes whole positions at a time, never part of one: every option you hold on one underlying with the same expiration date and option class is one position, and your shares of that underlying, or the other expiration of a calendar or a diagonal, go with it. The Live Program Rules publish it in full.
Can I trade big news (CPI, FOMC, earnings)?
Yes. News trading is allowed.
What happens if I do not close an expiring position?
Expiring positions must be closed before the cutoff time on the Rules page. If you do not, positions are automatically closed at 3:55:00 PM ET for most tickers, and 4:10:00 PM ET for SPY, QQQ, IWM, DIA to eliminate assignment risk.
What happens on market holidays or early closes?
Hours and cutoffs follow the market calendar. On early close days, cutoffs can be earlier.
Execution and access
How are my fills priced?
On Evaluation and Funded accounts, every fill is priced from the live NBBO (national best bid and offer), the consolidated bid and ask from the options market data feed, at the moment your order executes. In practice that means a buy is priced off the ask and a sell off the bid. RixTrade is a simulated trading platform for education and evaluation, not a broker, so your orders are not sent to an exchange and are not routed for price improvement.
I placed a trade and it did not fill the way I expected. What can I do?
We do not guarantee fills. If you think something is wrong, contact support with your order details.
Can I trade while traveling?
Yes. Trading is online. If you run into access issues, contact support.
Can I trade from my phone?
Yes. The platform is online and accessible from a mobile browser. If access is blocked from a location, contact support.
Can I trade through a VPN?
Trading over a VPN is generally allowed but may introduce latency. Some VPN exit nodes are blocked by payment risk controls; if you hit a wall, disable the VPN for the affected action.
Can I trade the same account from two devices at once?
Yes. The same account can be open in two sessions, though only one set of orders should be live at a time to avoid conflicting state.