Second Life
Second Life
A Thalex funded account is uniquely convex. Leverage on leverage. An option on trading options.
But sometimes you will get stopped out. If you hit the drawdown limit, you lose your ABCs.
Because it's summer, and we're generous, we have decided to give you one free retry.
Until 31 August 2026 you get a full respawn of both your ABC and USDt deposit.
A second life, a new shot at your funded account, for free.
How It Works
1. Join the Funded Account Campaign
Get funded. Instructions here.
Already funded? Great, we'll count you in too.
2. Trade Eligible Strategies
To be eligible for second life, you need to trade an eligible strategy
Basically, you need to trade options with a plan.
Perpetual strategies are not eligible, except for hedging with bots.
3. Get Refunded
If you hit the 80% max drawdown limit, you lose the ABCs funded by Thalex.
However, under the Second Life campaign, Thalex will restore the account to its original state.
That means you get back the ABC and USDt at the start of your run. Profit boost ABCs are not restored.
Illustrative Example
You deposited 400 USDt, which unlocked 2000 ABCs in funding.
You trade a short strangle with a delta hedge. One week in, you reach max drawdown.
The Second Life now restores you to 400 USDt and 2000 ABCs in funding.
Your second run starts automatically.
Second Life Eligibility
Your run must satisfy these requirements at all times to remain eligible for Second Life:
| Rule | Requirement |
|---|---|
| Order Entry | Every options order must be entered through the Thalex Strategy Builder. |
| Minimum Maturity | Every option leg must have at least 4 DTE at entry. |
| Defined Risk | Every position must have a finite, strictly defined maximum loss at entry. Every addition, adjustment, or roll must independently satisfy this requirement and must not result in a position with an undefined maximum loss, even if only temporary. |
| Hedging Exception | Perpetuals and Futures may only be used for hedging through the Delta Hedge Bot. |
Refund Rules
| Rule | Requirement |
|---|---|
| Refund Trigger | Second Life triggers only when your Funded Account reaches its Max Drawdown Limit. |
| Excluded Breaches | No refund is granted for a violation of the Rulebook, a failure to satisfy the Second Life Eligibility requirements. |
| Refund Amount | You receive your original USDt participation deposit and the ABC funding associated with your original tier. Profit Boost ABCs are not restored. |
| Participation Fee | No second participation fee applies to the refunded run. |
| Maximum Refunds | A maximum of one refund per participant is available during the campaign. |
| Campaign Deadline | The qualifying Max Drawdown breach must occur before 31 August 2026 at 08:00 UTC. Refunds are not issued after this time. |
Terms & Conditions
- This campaign is open solely to retail traders.
- Any rights for participants in this campaign are bound by the Funded Account Rules.
- Funding is granted in the form of non-withdrawable ABCs ("Asset Balance Credits"), deposited into a designated sub-account ("Funded Account"), provided relevant conditions are met.
- Refund is granted in USDt, deposited into a designated sub-account ("Funded Account"), provided relevant conditions are met.
- ABC usage is subject to ABC Terms.
- This campaign ends on 31st of August 08:00 (UTC). At that date, a participant can continue trading in the Funded Account Campaign. Refunds are not issued after.
- The refund is to be used for a second run in the Funded Account Campaign. Withdrawals are allowed by the Funded Account Rules.
- A maximum of one refund is permitted per participant.
- Thalex reserves the right to hold withdrawals and remove ABCs without notice in the event of a breach of the Funded Account Rules or ABC Terms.
- Thalex reserves the right to close positions if, as a result of ABC removal, the Funded Account margin balance is insufficient to maintain them.
- Thalex reserves the right not to grant rewards in cases of non-compliance with the Terms & Conditions, illicit behavior, or any unfair advantage, at its sole discretion.
- Thalex will not be responsible for any margin calls, position closeouts, or other risk events, which must be managed by each participant in accordance with their own risk profile.
- Thalex reserves the right to modify or terminate the campaign at any time.
For additional information or support, please contact our support team.