Frequently Asked Questions
If you fill out our application, your interview was successful, and you are accepted, you will receive documents and credentials to the trading account within 24 hours.
Please note that if you apply on the weekend, allow until Monday to set up the account for you.
If you are accepted into the program we allocate for you $15,000 of company funds to start trading.
We do not believe in demo trials or challenges, if your interview is successful, and you are accepted you start with a $15,000 live account straight away.
You don’t need to succeed with a challenge before starting trading with a live account.
No, we don’t believe in Profit Targets. You are allowed to trade stress-free on our accounts.
However, we reserve the right to terminate the partnership if no profitable results have been achieved after 3 months of trading.
Just as we are sharing profits 50-50 with all our traders, we also expect that traders cover some initial expenses of working with us.
The one time fee we are charging cover the setup of the account, license fess, administration costs, and our risk management and analytics software.
As we are a professional prop firm, we are making money by having profitable and consistent traders managing our funds.
Our institutional investors provide us with trading capital.
Therefore, finding good traders and working with them over the long term is in our highest interest.
Unlike other companies, we don’t earn from demo-account qualification challenges with unrealistic profit and drawdown targets.
Our accepted traders receive a Live Account from day one.
You will be using MetaTrader 4 (commonly known as MT4); the top choice for most FX traders as we want to accommodate all traders.
Regards our Broker, we have an institutional deal with a liquidity provider.
Your trading style is completely up to you. We have no reasons for limiting or restricting your trading strategy, whether it’s discretionary trading, hedging, algorithmic trading, EA’s, etc. As long as your trading is legitimate, conforms to the real market conditions, there is no limitation to your trading style or strategy.
Also, you are allowed to trade all the instruments and assets that are available in your trading platform. We give you complete freedom here. If your system is profitable while respecting the rules, we’re happy to see you profit with us.
You are allowed to only have one funded account at the same time.
This is because having more than 1 fully funded account with the same funded trader would increase our risk exposure.
However, you are able to reset the account in case you breached the risk management rules.
Based on our rules, you can trade on news, but just have in mind that the drawdown could be higher during high-impact news events.
No, you don’t need to. We allow you to leave trades overnight.
The drawdown is 10% on the initial account balance. It is quite unlikely for you to hit the drawdown if you respect our risk parameters, although in case that happens you’re not liable for losses.
The account profit split is done on a monthly basis, i.e. every 1st day of the month. We will contact you by email a day after your Profit Split, with simple invoicing instructions. The payouts are processed within 1-2 business days upon receiving the Invoice. You can receive your profits by a regular bank wire transfer or PayPal. We don’t charge any commissions for withdrawals.
You don’t need to reach any profit targets to be qualified for the payout.
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Fully funded accounts. Zero loss liability. No hidden costs.