This document outlines the terms and conditions related to the use of funded trading accounts provided by the company. It covers profit sharing, risk policies, account limits, trading restrictions, and access methods. Funded accounts are accounts provided by the company to selected traders, allowing them to trade with allocated capital under specific conditions.
2. User Responsibilities
Trading Discipline:
No trade shall be executed without a stop loss.
Hedging is strictly prohibited.
Traders must close all positions before the Friday market close.
Traders must not trade after achieving the maximum monthly profit limit of 22%.
Traders must maintain a daily drawdown limit of 5% and a maximum total drawdown of 20%.
Profit & Loss Liability:
Traders are responsible for 10% liability of the total funded account.
This 10% amount is not required to be paid upfront; however, traders must provide either a guarantee cheque or original passport as a commitment.
If a trader incurs a 20% loss, they must pay 10% of the lost amount.
Withdrawal Eligibility: Traders can request a withdrawal only after making a minimum profit of 10%.
Reopening Funded Account: In case of drawdown limit breach, the trader must deposit 10% of the account value to reopen the account. The company will provide the remaining 10%.
Trading Access: Traders may trade onsite or remotely, based on their convenience.
3. Intellectual Property
All trading systems, funded accounts, performance evaluation methods, and account allocation strategies remain the intellectual property of the company. Traders are prohibited from replicating, distributing, or using any company-provided materials, systems, or data outside the scope of their trading agreement.
4. Services Access and Use
Account Types:
There are four tiers of funded accounts: $1,000, $5,000, $10,000, and $20,000.
The management team will determine the suitable account size for a trader after an interview process.
Risk Monitoring:
The risk management team will automatically close trades if daily drawdown exceeds 5% or if total drawdown reaches 20%.
The trader will not be allowed to continue trading until the required deposit (10%) has been made.
5. Payment and Refund Policy
Profit Sharing:
13% of total profit will be deducted for operational costs.
The remaining profit will be shared 80% to the trader and 20% to the company.
Profits are distributed during the first week of the following month.
Deposits for Reopening: If the account is breached, a 10% deposit is mandatory by the trader, with the company matching the next 10% to restore trading eligibility.
Refunds: Deposited amounts for reopening accounts are non-refundable if the trader again breaches the drawdown limits or violates trading terms.