Funded is an alternative to the traditional 2-stage evaluation account, offering traders a direct path to a funded account with a payout after every 7 days.
The Funded plan will be available for purchase to any trader who has tried a challenge and failed.
TERMS AND CONDITIONS:
1. Payout schedule is after every 7 days: Traders are compensated on a profit split basis only from the second target going forward, no Payout will be issued to the trader after meeting target first time. Best of all, traders will stop paying any monthly/desk fees after achieving the first target without payout. Traders will be paid 60% of their profit share for every target they meet going forward after the first target. Requests for withdrawal can be made whenever the account balance is at least the original 100% + 10% without rules breaches.
2. Account Growth: Every time the trader reaches a 20% increase in their account balance, the account balance will be doubled.
3. Drawdowns:
– Daily Drawdown Limit: 3%
– Maximum Drawdown Limit: 10%.
Traders are also required to use Stop Loss and observe positional drawdown of 1%. Failure to apply SL and breach of positional drawdown will lead to a fine being applied on your positive balance
4. Monthly Renewal from Balance if no target is achieved: Traders can keep the account without paying fees in cash. 1% Renewal fee can be deducted from balance to keep the account active after expiry if no target is met.
5. Tradable Markets: Traders can use this funded account to trade in the following markets: Forex, Metals, Indices, and Crypto.
This exclusive Funded plan offers a streamlined path to a funded account, providing traders with the opportunity to capitalize on their skills and experience. The guaranteed payout, account growth, and manageable drawdown limits make this plan an attractive option for all customers who are eager to succeed in the trading world.
6. Unauthorised Trading Activities:
Participants are not allowed to engage in trading activities that are forbidden by the Firm or its associated Brokers. These include, but are not limited to:
– Taking advantage of mistakes or delays in the Broker’s pricing or trading platforms.
– Using information that is not publicly available or is considered insider knowledge.
– Executing trades in advance of orders placed elsewhere (front-running).
– Trading in a manner that could harm the Company’s relationship with a Broker or lead to trade cancellations.
– Trading that could cause regulatory problems for the Broker.
– Using strategies from third parties, ready-made strategies, or those advertised to pass evaluation challenges.
– Changing trading strategies after passing an assessment when managing a funded account, as identified by the Firms AI.
– Holding positions in Single Share Equity CFDs through a company’s earnings announcement. Positions must be closed by 3:50 pm Eastern Time on the day of the announcement or the day before if the announcement is before the market opens.
– Opening Equity CFD positions at the end of the trading day to profit from overnight market gaps.
– Trying to balance trades between a challenge account and another account, either with the Firm or a third party.
– Trading with multiple accounts of the same size to exploit market conditions or the proprietary firm’s policies.
Consequences of Unauthorized Trading:
Non-Compliance: If a Customer engages in any unauthorised practices, the risk system may flag this as a breach of the Challenge terms.
Transaction Removal: The risk system may delete any transactions that violate these rules from the Customer’s trading history and may exclude their results from the profits or losses of Demo Trading.
Service Termination: The firm reserves the right to terminate all services and end the agreement with the Customer.
Multiple Account Violations: If unauthorised trading practices occur across multiple Liquid Challenge Accounts, either by a single Customer or different Customers, the firm may cancel all services and terminate all relevant contracts.
Third-Party Account Violations: If the trader accounts are used for unauthorised practices, this may lead to the cancellation of those accounts.
Repeated Violations: Customers who repeatedly violate these terms, despite prior notification, may be denied access to all or part of the firm’s services, including the Dashboard and Trading Platform, without compensation or refund of fees paid.
External Trading Disclaimer: The firm is not responsible for any trading or investment activities conducted outside of its services, even if the Customer uses the same trading platform for real market trading.
Enhanced Due Diligence (EDD) Measures:
– When there is a higher risk in a business relationship or transaction, as identified by our risk assessment, we will apply more thorough checks beyond the usual Customer Due Diligence (CDD).
– We may ask for more documents to confirm your identity if the usual ones are not enough or seem doubtful.
– We might have a detailed conversation with you, which could include a video call, to get to know you better and confirm your intentions.
– We will take a closer look at how you plan to trade to make sure it fits with our acceptable level of risk and ethical trading rules.
– We will keep a closer watch on your trading activities to make sure you are following the rules and staying within the risk limits we have set.
Know Your Customer (KYC) Procedures:
– Customers must not use trading strategies that take advantage of mistakes in the service, like wrong prices or slow updates. This includes what is known as Latency Trading.
– Customers are not allowed to trade using outdated or slow information or to engage in gap trading.
– Customers must not work alone or with others to manipulate trading by using connected accounts or accounts within the platform. This includes making opposite trades at the same time.
– Customers are not allowed to use any software, artificial intelligence, ultra-fast trading, or mass data entry that could unfairly influence our systems or give them an unfair advantage.
– Customers are not allowed to do any kind of arbitrage trading, which means taking advantage of price differences in different markets or exchanges. This includes many types of arbitrage like triangular, statistical, latency, market-making, spatial, pairs, risk, convertible, volatility, dividend, tax, yield curve, or any other kind that exploits price differences.
8. Expert Advisers & robot usage
You are not allowed to use EAs on this plan
Gambling Prohibition
We don’t allow gambling-like trading. This includes revenge trading, over-leveraging, and any other extreme all-or-nothing methods. We’ll decide what counts as gambling.
Responsible Trading Policy
You must maintain the same trading strategy in your funded account as you did during the assessment. This includes consistent trade sizes, instruments, stop loss sizes, and trade frequency.
9. Getting paid
If you have reached your profit-split event, firstly, congratulations. Please get in touch by sending your request to [email protected]. You can request your payout from any available method such as bank, or crypto currency if you paid using the same method and wallet. Traders are compensated on a profit split basis only from the second target going forward, no Payout will be issued to the trader after meeting target first time. Best of all, traders will stop paying any monthly/desk fees after achieving the first target without payout. Traders will be paid 60% of their profit share for every target they meet going forward after the first target. Requests for withdrawal can be made whenever the account balance is at least the original 100% + 10% without rules breaches.
10. Refunds
– The signup fee is non-refundable if trading has started or if the customer breaches the agreement or terms and conditions.
Refund Policy:
– Once a customer has initiated the service by beginning to trade, or if the customer has not passed the Evaluation, they are not eligible for a refund of the registration fee. All payments are final and are solely for the purpose of Evaluation.
Refund Request Process:
– Customers must email their refund request to [email protected] within the specified time frame.
– The firm will acknowledge receipt of the request promptly.
Refund Payment:
– Refunds will be processed without unnecessary delay, no later than 7 days after the contract is withdrawn.
– Refunds will be issued using the same payment method as the original payment.
– A Refund Processing Fee of 5% of the refunded amount may be deducted from the refund.
11. Participation Termination
If we find you engaging in unauthorised trading activities, we will end your participation. This could mean losing any fees you’ve paid. Before you get a funded account, we’ll check your trading to make sure it’s authorised, and within the spirit of the rules. If it’s not, you won’t get the account.
12. Company’s Discretionary Rights
We can stop any trader from joining our program for any reason we see fit.