According to Collective2... Prop Trading sounds great... (until you learn the details.) You've heard about prop trading firms that let you "trade with their capital?" The concept sounds attractive. Except, it's not real. The business model of prop firms is to attract starry-eyed newbies to pay "entry fees." Most people don't succeed, so they pay the fees again... and again. Okay, a few people do succeed, which is great. Great for the prop firms, that is, because they need a few smiling "faces" to use in their advertisements. (The ads don't tell you the percent of people that fail the entry process, and who pay multiple fees to try again.) Trade with "their capital" What about those lucky few who do win a chance to "use" a prop firm's capital? In reality, all winners share a single small pool of capital. Wait a second, how is it possible that multiple winners "share" a small account? Simple. The prop firms impose ridiculous restrictions on how winners can trade. Only a small amount of margin can be deployed at any one time. Only a small drawdown is allowed. Only a small loss can be sustained. So while firms claim you "get an account" with $25,000... $50,000... $100,0000 in it - in reality you have access to much less than that. Sure, the Prop Firm's software shows you $25,000 on your screen. But you can only trade as if you have $2,000.
Does anyone know of any other firms that feature: 1️⃣ 1-stage evaluation No time limit evaluation No stop loss requirements Weekend positions allowed 24/7 support High-profit split Flexible withdrawal options This is what makes FX2 Funding the prop firm that puts TRADERS FIRST
This is what SMART HUMAN BLOGGER has to say about FX2Funding... FX2 Funding Review – BY NOOHYAH | APRIL 28, 2023 | PROP FIRM REVIEWS Hi, I’m pleased to welcome you to my FX2 Funding Review. Are you looking for funding to make your dream come through in forex trading? You might have experience trading, but you’re facing financial constraints. Tons of proprietary firms promise to offer their traders funds to make their dream come true. However, not all these firms fulfill their promises. Aside from the strict evaluation process you'll usually undergo, getting such funds might be nearly impossible. And that is no different to FX2 Funding proprietary firm. But whether it fulfills its promises or not remains in the balance. And for that reason, I opted to offer you a detailed review. Ultimately, you can make a well-informed decision by trying it or seeking another alternative. That said, let’s get rolling… Summary of FX2 Funding Review Product Name: FX2 Funding Proprietary Firm Product Type: Proprietary Firm Evaluation Fee: starting from $125, depending on your chosen account size. Official Site: https://fx2funding.com Overall Rating: 5/10 My Recommendation: Not for everyone; kindly read my review to see why FX2 Funding is a proprietary firm that offers funding for traders. To join the funded program, you’ll first have to prove that you can trade their instruments consistently, as expected. You must also prove you're highly profitable as expected by attaining their set profit target. In addition, the program also has a set of trading rules that you must abide by. To confirm all these, the prop firm has a one-stage evaluation process you must pass. You’ll have to meet all the conditions available to get your account approved. You get upgraded to a live-funded account when you pass the evaluation process. And after that, the prop firm will award you a profit share of up to 85%. The high-profit share given in the program is to motivate you to make more profits and grow your profit. The prop firm also offers a scaling plan that can increase your trading account balance to a maximum of $1,000,000. And the program expects you to stay as profitable as possible to benefit from their scaling plan. What makes FX2 Funding unique from other proprietary firms is that it doesn’t set a trading time limit for you. This means that you can trade for a longer period as you want as long as your account doesn’t remain inactive for more than thirty days. In addition, you’ll only have to trade for a minimum of ten days to pass the evaluation stage and join the live-funded account. Pros Of FX2 Funding Offers a higher profit share of up to 85%. Offers a scaling plan which increases your account balance by up to 20%. Enables you to scale your account to a maximum balance of $1,000,000. Doesn’t set a maximum trading time limit for traders, allowing you to trade at your own speed. Only have a one-stage evaluation process. Offers numerous account sizes with an account balance of up to $200,000. Cons Of FX2 Funding The withdrawal of scaled capital in the live account is discouraging. Doesn’t allow withdrawal when the account is in the scaling process. The account locking period is too long as it takes up to sixty days. The refund policy comes with no guarantee. Who Should Sign Up with FX2 Funding? FX2 Funding Prop firm targets consistent and profitable trades with a great passion for trading in the forex industry. For this reason, you MUST have the mindset of trading in the forex market and be able to trade their instruments. The prop firm allows you to trade indices, crypto, and forex pairs. In addition, you must abide by their trading rules. So, if you meet all these criteria, you can join FX2 Funding and try your luck. Who Should Not Sign Up with FX2 Funding? If you aren't talented in trading in the forex market, this program is not for you. You might fail to reach the profit targets set by the prop firm and eventually get no approval. Remember, you'll only start benefiting from the program if your account gets approved and now trade with a live-funded account. What Is FX2 Funding? FX2 Funding is a proprietary firm that offers prop traders an opportunity to trade in the forex industry. The prop firm offers traders to trade with up to $200,000 account balance in their trading account and earn up to 85% profit share. The FX2 Funding has up to five account sizes with balances starting from $10,000, $25,000, $50,000, $100,000, and $200,000. As such, you must choose your preferred account size and start trading with their evaluation stage before approval. From there, you'll get a live-funded account and start earning profits. The prop firm is the most straightforward prop firm with only one stage evaluation process. So, if you're a consistent and profitable trader, you’ll get promoted in no time immediately when you reach the set profit target. In addition, the program will allow you to apply for a scaling plan when you’re highly profitable in your live-funded account. How Does FX2 Funding Work? The FX2 Funding provides you with different account sizes to trade forex and get a profit share from their live-funded accounts. Here are the funding programs available in the prop firm: The Starter Account Size The starter account size is the smallest in the FX2 Funding, with an account balance of $10,000. If you choose the starter account, you’ll get a profit share of up to 85% in your live-funded account. The Intermediate Account Size The intermediate account has an account balance of $25,000. The programs also award a profit share of up to 85% for people who get approved to the live funded account with this account. The Professional Account Size The professional account size has an account balance of $50,000. You’ll get up to 85% profit share in the professional account. The Expert Account Size In the expert account, the tradable account balance is $100,000, with a profit share of 85% in the live-funded account. Master Account Size This is the highest account size in the prop firm platform with an account balance of $200,000. You'll also get a profit share of 85% if you proceed to the live-funded account with the Master account. After choosing your preferred account size, you'll begin trading in the program. Here are the available trading stages in the FX2 Funding platform: The Evaluation Process. You'll begin trading in the evaluation stages. In the evaluation stage, you'll trade and get a profit target of 10% on your account balance. However, the prop firm allows trading the way you want without setting any time conditions to trade. You ought to meet the set profit target in 10 days, with the maximum number of trading days not set. For this reason, you’ll only have to trade for at least ten days to meet the target and extend the number of trading days if you want. You, therefore, have as much time as you may request when trading in the FX2 Funding platform. Their main goal is to see you hit the profit target and proceed to the next stage until you get approved for their live-funded account. However, you must set your time limit for trade to reach the live-funded account as fast as possible. Account Approval When you complete the evaluation stage, you'll get your account approved to start trading in their live-funded account. Remember, the FX2 Funding only has a one-stage evaluation process to pass for you to qualify for their live-funded account. In the live funding account, you'll begin trading with real money and earn up to 85% profit share. The profit share is available in any of the account sizes you choose to trade within the platform. For your account to get approved, you must obey the trading rules available in the program. What Are The Trading Rules Used In FX2 Funding? FX2 Funding only has three trading rules to follow and approve your account. These rules include the following: Maximum Drawdown Rule In the maximum drawdown rule, your account shouldn’t record a 5% on its total balance. When this happens, your account gets trailed until the time you’ll get a return of 5% back on your account. And due to that, your account stops trailing once you get the 5% return back to the account. Daily Drawdown Rule The daily drawdown rule states that your account should not incur a 4% daily drawdown. For this reason, when trading, you must ensure your account doesn’t record a drawdown of 4% in a single day. Inactivity Rule In the inactivity rule, your account shouldn’t remain inactive for over thirty days. In case your account remains inactive for more than the agreed period of thirty days, you might risk the account closure. On the other hand, the program expects you to trade for at least ten days to meet the profit targets. So, even though the program doesn’t set a time frame to complete the trading, you must also adhere to the trading rules. You can trade in their live-funded account if you abide by the trading rules. What is the FX2 Scaling Planning? When you start trading in the live funded account, the prop firm allows you to scale up your account. In their scaling plan, FX2 Funding allows you to grow your account to your preferred value. However, you must reach their trading goal by hitting a profit of 10% on your initial balance before your request gets granted. After attaining the 10% profit target on your live funded account, your account will be increased. The increase in your account will be granted by a 10% gain, which means your account will be scaled by 10%. The program uses the scaling plan to showcase your ability to trade as they try to show you that you know how to trade. For this reason, the scaling plan only targets traders who are highly profitable and are, therefore, able to produce more profits. So, if you want to get your account scaled, you will follow the steps below: Hit a profit target of 10% in your account. Forward a message to the prop firm customer care team that you want to lock up your profits. Remember that when your profits are locked, you cannot withdraw them for sixty days. In addition, if you unlock your account after sixty days and withdraw your profits, FX2 Funding will also withdraw its scaling capital. This means that your account will now remain minus the scaling capital provided. The program scales your account by 20% every time you hit the profit target of 10% after locking up your profits. The maximum scale-up mount available in the prop firm is $1,000,000. What Is The FX2 Funding Trusted Broker? FX2 Funding works with a globally regulated broker called the EightCap. EightCap enables the platform to conduct larger and long-term financial transactions on a large scale. The broker is powered worldwide and is in a strong relationship with FX2 Funding to make it the best prop firm in the world. What trading instruments are allowed in FX2 Funding? The FX2 Funding allows you to trade up to three main instruments. The instruments include: Forex pairs Indices Cryptocurrency Trading Leverage Used In FX2 Funding FX2 Funding uses the following leverage in the trading instruments available: Forex Pairs 1:10 Indices 1:5 Cryptocurrency 1:2 What Are The Steps For Joining FX2 Funding? FX2 Funding offers you the easiest way to become their prop trader. If you want to join it, you will have to follow the following steps: Step One: Registration You’ll begin by registering for the program, where you’ll enter your details to join their membership program. The prop firm requires you to enter your valid email address and create your password. You will then continue by choosing your account size and making your payment. Step Two: Start Trading After completing your purchase of the account size, you want to trade with, you’ll commence trading. The prop firm allows you to trade at your own pace using your style to maximize your profit outcome. The program first takes you through the evaluation trade to check if you can become a profitable trader. Step Three: Demonstrating A 10% Profit Gain. During the evaluation stage, the program will expect you to demonstrate that you can reach a target of 10% profits in your trading account. The target should be met while respecting the trading rules set. Step Four: Receive Approval For A Live Funded Account. Ultimately, you'll get approved for a live-funded account after meeting all the conditions set. After getting the live funded account, you'll start trading with real money rather than the virtual money used in the evaluation accounts. In addition, the prop firm will begin awarding you a profit share based on your profits. What Are The Benefits Of Joining FX2 Funding? Here are some of the fantastic offers you'll enjoy as an FX2 funding prop trader: Scaling Up Your Account Up To $1,000,000. When you start trading with the live funded account, FX2 Funding allows you to scale your account. Your account balance will increase by 20% upon applying for the scaling plan. This enables you to grow your account to the maximum balance of $1,000,000. Higher Profit Share FX2 Funding offers you the best profit share of up to 85%, irrespective of the account size you choose to trade with. Once your account is approved, this profit share is available, and you start trading with their live-funded account. The higher profit share motivates you to trade more and earn more profits to help you achieve financial freedom. No Trading Time Limit Set For Traders When you join FX2 Funding, you’ll enjoy trading and sapped in your own time frame. This makes the platform a better alternative for traders who want to trade with a relaxed mindset, provided you achieve their set profit target. You'll only have to trade for at least ten days with your account not remaining inactive for more than thirty days to be on the safer side. Numerous Account Sizes FX2 Funding offers you numerous account sizes to choose from, ranging from the starter account to the Master account. The many account sizes enable you to select according to your wallet. This makes it suitable for beginners with low income and professionals wanting to advance their trading opportunities. What Is The Cost Of Joining The FX2 Funding? The cost of Joining FX2 Funding depends on the account size you choose to trade within the platform. The fees payable in the program are also all one type of fee, without recurring any amount after joining the prop firm. In addition, the prop firm promises to refund the fees when the trader is unsatisfied with the platform services. Here are the available account sizes with their corresponding fees: The Starter Account The starter account with an account balance of $10,000 will cost you $125 to purchase. The profit share in the starter account is 85%, with a profit target of $1000. In addition, the maximum daily loss in the starter account totals $400, and a maximum drawdown of $500. The Intermediate Account The intermediate account with an account balance of $25,000 will cost you $315 to purchase. The profit share in the starter account is 85%, with a profit target of $2,500. In addition, the maximum daily loss in the starter account totals $1000, and a maximum drawdown of $1,250. The Professional Account The Professional account with an account balance of $50,000 will cost you $500 to purchase. The profit share in the starter account is 85%, with a profit target of $5,000. In addition, the maximum daily loss in the starter account totals $2000 and a maximum drawdown of $2,500. The Expert Account The Expert account with an account balance of $100,000 will cost you $900 to purchase. The profit share in the starter account is 85%, with a profit target of $10,000. In addition, the maximum daily loss in the starter account totals $4000, and a maximum drawdown of $5,000. The Master Account The starter account with an account balance of $200,000 will cost you $1,800 to purchase. The profit share in the starter account is 85%, with a profit target of $20,000. In addition, the maximum daily loss in the starter account totals $8,000 and a maximum drawdown of $10,000. My Assessment Of The FX2 Funding Here are the criteria and ratings that I think FX2 Funding deserves from my point of view: Profits Split – 8/10 The prop firm offers a profit share of up to 85%, which is very good for upcoming traders who want to grow their accounts. You can easily grow your account faster and achieve your financial goals with a higher profit share. Scaling Opportunities – 6/10 The program offers an impressive scaling opportunity that can increase your account size by 20%. However, the opportunity has some discouraging conditions, including locking your profits to prevent withdrawals. In addition, the scaling capital also gets withdrawn from your account if you start your profits. Profits Targets – 6/10 The profit targets set by FX2 Funding are very realistic for more profitable traders. For instance, you only need to reach a profit target of 10% to get your account approved and 10% to qualify for a scaling plan. This means that if you have an account size of $10,000, you'll only have to get a profit of $1,000 to get your account approved. Affordability – 8/10 FX2 Funding is among the most affordable prop firms, with its account size starting with as low as a $10,000 balance. The smallest account size in the program will only cost you $125, which is quite fair compared with the prices of account sizes of other prop firms. Trader Supports – 8/10 FX2 Funding offers 24/7 support to their traders to ensure they get the best of their traders. Their support team is available to support traders whenever they get contacted, which makes them more of a help to the prop traders. According to the prop firm, the main goal is to see you succeed in trading and achieve the best result. Tradable Assets – 7/10 FX2 Funding offers the most popular tradable assets, including forex pairs, indices, and crypto, which are common in the forex market. These assets are the easiest to trade and the most preferred by many traders in the forex industry. Trustworthiness – 6/10 Based on the services offered by the prop firm and its excellent rating on the rating platforms such as Trustpilot, the prop firm seems trustworthy. Most of the traders are showing satisfaction with the services offered in the program and their fair-trading rules. The negative reviews only come in their scaling plan, which has some challenging conditions for most traders. My Overall Rating: 5/10 I give an overall rating of 5/10 because it is a new prop firm proving good in the market. The program's opportunities and services favor most prop traders, both beginners and professionals. FAQs About FX2 Funding How Can I Request For Payout In The FX2 Funding Platform? When you are eligible for a withdrawal, you can request a payout by clicking the withdrawal button in the dashboard. You will get redirected to your wallet to enter the amount you want to withdraw. All the payout requests made in the FX2 Funding platform are processed via Deel.com, which requires you to have a Deal account. How Can I Get A Deal Account From the FX2 Funding Platform? When you complete your evaluation process, the program will allow you to create your Deel.com account before approving your trading account. You'll then receive instructions on the platform on how you can successfully create your Deal.com account. Your Deal.com account will enable you to get your payouts in the platform via your PayPal account, Payoneer, Binance, Coinbase, wise and bank transfer. Does FX2 Funding Allow Traders Trade With Expert Advisors? FX2 allows you to trade with scripts, indicators, and EA and copy traders on their platform. However, the program does not allow malicious practices or take advantage of the latency or arbitrage pricing, which are against the trading rules. The program can detect any kind of trading resulting in malicious practices and automatically shut down the account. How Can I Lose My FX2 Funding Live Funding Account? You risk losing your account if you fail to meet three main things in the prop firm. First, when you fail to respect the daily and maximum drawdown limits. [Second] If your account remains inactive for more than thirty days and [third] if the program detects any malicious practices in your account.
Unfortunately, this is quite common practice in the prop firm industry. FTMO also does the same (see below) At FX2Funding, we give all of our Funded Traders GENUINE LIVE accounts. That way, we are aligned with our traders. We both want to win. Its a true partnership.
Not a fan of these "prop firms" that have these paid programs to get in. Real prop firms will take you in if you have a good track record. No need for games and any fees upfront, keep that money for yourself to build a real track record
Keep that money for yourself and build a real track record? Listen kid, it’s going to cost you a whole lot more than ~$100 to build a Real track record in a retail account.
I can guarantee you people are chugging 500$ -1000$ or even more on these things, they fail and repeat. The average people don't simply pass the first time
My Nadex live account has yet to explode exponentially given the tentative and rather conservative approach I am taking while I continue to attempt to prove to myself that I really can take a $10,000 demo account and balloon/multiply it into a $100,000 balance in short order by capitalizing on the full potential of the settings and parameters comprising my trading system. So, as long as that has yet to happen, I figure I might as well look into these folks who dropped an email in my message inbox at noon today... Introduction to Tradiac funded trader program Trading in the Forex market can be a lucrative venture for those who understand the system, have the requisite skills and discipline. It also requires a considerable amount of capital. This is where proprietary trading firms like Tradiac come in, offering traders the opportunity to trade with their capital after successfully completing a trading challenge. This article aims to guide new clients on the rules and procedures that govern the trading challenge at Tradiac. Tradiac, like other proprietary trading firms, operates by hedging the trades as signals from their clients. By doing so, they’re able to make money, and it is imperative for clients to understand how this system works. The firm has laid out a set of rules that guide trading, and a key part of being successful in passing the assessment phase and receiving live funds for trading is understanding and adhering to these rules. Tradiac has three distinct trading tracks, each with its own set of rules and risk levels. The Tradiac Track: This is the most conservative track with a maximum loss of 10% and a daily maximum loss of 5%. To scale and pass, a profit target of 10% is required. The Braniac Track: This is the moderate risk track with a maximum loss of 20% and a daily maximum loss of 10%. To scale and pass, a profit target of 20% is required. The Maniac Track: This track has the highest risk with a maximum loss of 30% and a daily maximum loss of 15%. To scale and pass, a profit target of 30% is required. Unlike other firms, Tradiac offers a profit split of 90% in favor of the trader from the onset. This is designed to make the program as easy and straightforward as possible. In terms of refunds, all sales are final. However, there is an exception if you cancel within 5 days of purchasing the Trading Challenge or Redemption Challenge and have not started the Challenge. Please remember that starting the Challenge means opening one or more orders (pending or completed) in the Account. No refunds are provided after 5 days have passed or the Challenge has started. To pass the assessment and qualify for funding or to scale your account, you must achieve a profit target that depends on your trading track (10%, 20%, or 30%). For instance, if you start with $100,000, you need to increase your equity to $110,000 by generating profits of $10,000 or more and closing your positions in profit. There is no time limit for this, as long as you avoid becoming inactive, defined as not opening, closing, or modifying a trade in 30 consecutive days. There are two critical loss rules: Daily Loss (DL) Rule: If your account equity falls below the daily loss limit specified in your Package (5%, 10%, or 15%), your positions will be liquidated, and you will be disqualified from the Program. Max Loss (ML) Rule: If your account equity falls below the max loss limit specified in your Package (10%, 20%, or 30%), your positions will be liquidated, and you will be disqualified from the Program. Tradiac also has an inactivity rule. If no position has been open, closed, or modified in 30 consecutive days, your Account will be considered inactive. Some practices are prohibited at Tradiac. For instance, while custom EA’s are allowed, 3rd party EA’s are not. Each client is also only allowed one account at a time. Lastly, note the Max Open Lots rule. You can open a maximum of 5 lots at a time per trade, but you can open as many positions as you like as long as your margin allows it. You receive up to 20:1 leverage. And the stop out level is at 50% of available margin. If you exceed 50% your positions will be automatically liquidated. Leverage per currency pair may change depending on volatility related to certain currency pairs. Please see the trading parameters sheet from the broker.
Tradiac General Terms and Conditions Effective date: May 1, 2023 These terms and conditions (the “Agreement”) create a contract between you (“You” or the “User”) and Tradiac, a brand operated by Impossible Ventures LLC (the “Company”). Please read the Agreement carefully before registering, purchasing or using the Company’s Services. If you do not agree to be bound by this Agreement, you should stop using the Services immediately. By using the Company’s Services, you agree to the terms and conditions of the Agreement. THE COMPANY PROVIDES TRADING AND INVESTING EDUCATION AND EVALUATION SERVICES AND ACTS AS A FUNDING AGENT. NONE OF THE SERVICES THE COMPANY PROVIDES IS CONSIDERED INVESTMENT SERVICES OR INVESTMENT ADVICE IN ACCORDANCE WITH SECURITIES LAWS IN THE UNITED STATES OF AMERICA OR COUNTRIES WHERE THE COMPANY PROVIDES SERVICES. 1. Introduction This Agreement governs the Your rights and obligations when using the Services provided by Impossible Ventures, LLC, a company registered in the State of Delaware, registered at 651 N Broad St, Suite 201, Middletown, New Castle, Delaware, 19709, United States of America. The effective date of the Agreement is the date You register to use the Services. The Agreement includes the Company’s Privacy Policy and Funded Trader Program Rules. You must be 18 years of age or older to use the Services. You may not use the Services if you are a citizen or resident of a country in the prohibited jurisdiction list. IF YOU DO NOT AGREE WITH ALL OF THESE LEGAL TERMS, THEN YOU ARE EXPRESSLY PROHIBITED FROM USING THE SERVICES AND YOU MUST DISCONTINUE USE IMMEDIATELY. 2. Definitions In the Agreement: Dashboard means the web or mobile application developed and provided by Impossible Ventures LLC for Users to purchase Challenges, access login credentials to Accounts, view applicable rules, and monitor performance; Account means an account created in the MetaTrader 5 or cTrader platform, which is used to participate in Challenges and the Funded Trader Program; Breach means violating one of the trading rules, which causes the User to fail a Challenge or lose their right to participate in the Funded Trader Program; Performance Fee means the fee that a User participating in the Funded Trader Program may withdraw from their Account; Platform means either the MetaTrader 5 platform, developed by MetaQuotes Ltd, or the cTrader platform, developed by Spotware Systems Ltd; Risk Management Rules are defined in section 9; Trading Rules are defined in section 10; Packages are defined in section 3; Previous End-of-day (EOD) Balance means the balance of an Account at 21:00 UTC on the previous day. Profit Target means the percentage of realised profit that must be generated in an Account to pass a Challenge or complete a Level; High Watermark (HWM) means the highest value an Account balance has reached; Initial Balance means the amount of balance the User chooses when creating a Trading Challenge Package; Starting Balance means the amount of balance credited to an Account at the beginning of a Level; Difficulty means the parameters of the Risk Management Rules the User must follow to avoid being disqualified from the Services. Profile means Your digital representation for accessing the Dashboard and using Services; High Frequency Trading (HFT) means a strategy which profits from placing a high number of trades, which may be held for a fraction of a second, or several seconds. 3. Services The Company provides two services: (a) Trading Challenge; (b) Funded Trader Program (collectively “Services”). The Trading Challenge is a trading education and evaluation service. The fee to participate in a Trading Challenge depends on the parameters selected when creating a Trading Challenge Package. Package Fees for Trading Challenge vary according to parameters, such as starting Account balance, daily drawdown limit, maximum drawdown, profit share and others, as shown on the checkout page on the Company’s app or website, where Packages are selected and Fees are paid. Trading Challenge Packages are non-returnable and non-refundable, except for the circumstances described in section Refunds. If You pass the Trading Challenge, You will be enrolled in the Funded Trader Program. To pass the Trading Challenge, You must reach the targets defined in Your Package. If You fail the Trading Challenge, You will not be enrolled in the Funded Trader Program. You can purchase another Trading Challenge and try again. For as long as the Agreement is effective, You can purchase unlimited Packages to attempt to pass the Trading Challenge. If you breach any Risk Management Rules, You will fail the Trading Challenge or be disqualified from the Funded Trader Program, as the case may be, which means all open positions in Your Account will be liquidated, and any pending orders will be cancelled. If you violate the Trading Rules, the Company may terminate the Agreement. The Company provides You with an Account to participate in Trading Challenges and the Funded Trader Program. Accounts are created by Scandinavian Capital Markets (“SCM”), the brokerage operating and providing access to the MetaTrader 5 and cTrader platforms. The available trading instruments, schedules and conditions, such as spread, swaps, execution and commissions, are determined by SCM and may be adjusted at any time without notice. The Company has access to monitor Your Accounts and enforce Risk Management Rules and/or Trading Rules (collectively“Rules”). If a Rule is breached, the Company may close positions, cancel orders or disable Accounts. The Company does not provide You with a brokerage trading account. All orders You submit are executed in a simulated environment. The Company uses Trading Data to operate a proprietary trading strategy. Users participating in the Funded Trader Program are entitled to some of the profits generated in their Account, according to their Package. The balance credited to Accounts is not real money, and You have no claim on those funds. All Deals are executed in a simulated environment using real market data provided by SCM. Therefore, Users shall not be required to cover any losses in the Accounts. 4. Funded Trader Program Participation Users that pass a Trading Challenge are provided with a one-time enrollment in the Funded Trader Program. Users enrolled in the Funded Trader Program shall perform their duties as independent contractors and not as employees, agents or representatives of the Company. Besides the terms and conditions described herein, the Company is not responsible and does not manage the decisions or actions taken by the User. Users participating in the Funded Trader Program are provided with a nominated funded Account (“Funded Account”) to participate in the program. The starting balance of the Funded Account shall equal the starting balance of the prior Trading Challenge. The User is entitled to a Performance Fee based on the profit generated in the Funded Account. The Performance Fee shall be a percentage of the realised profit. The applicable Performance Fee is defined in the Package. Withdrawals shall cause the High Water Mark and Profit Target progress to be recalculated accordingly. The User is responsible for providing the Company with an invoice for the payment and is responsible for their own income tax obligations and social contributions. Invoices shall be settled with the User via bank transfer or another payment method, if available. Payouts can only be requested if all positions in the Account are closed. The minimum payout that can be processed is 1% of the Starting Balance. Once requested, the balance shall be withdrawn from the Account, and the User may continue trading immediately. Each User can have up to 4 free payouts per calendar month. Additional payouts shall be charged at a rate shown in the Dashboard. All earnings in the Account are generated in United States dollars; if a User requests a payout in another currency, a currency conversion shall be performed at a rate determined by the payment service provider. Payout requests are capped at one per day. Payouts shall be processed within 36 business hours, Monday to Friday, except for major bank holidays. All Funded Accounts support scaling, where funding is structured in levels, each giving the User an additional balance in the Account. The Funded Trader Program consists of multiple Levels, where the balance allocated to a Funded Account is scaled by increasing the balance. Scaling is triggered when the Profit Target is reached. When an Account is scaled, the current level is saved as a checkpoint, which is used for Redemption Challenges. All positions in a Funded Account must be closed for Scaling to be triggered. Upon Scaling, a new Funded Account will be created with additional balance, based on the current level * initial balance. If a Risk Management Rule is breached while participating in the Funded Trader Program, Users can choose to take a Redemption Challenge, which, if passed, would allow them to continue participating in the Funded Trader Program from their Checkpoint. The Fee to take a Redemption Challenge is based on the percentage of Starting Balance. The Starting Balance of the Redemption Challenge is calculated by Initial Balance * Checkpoint. The Company provides the Dashboard to access Services, manage Your Profile, view credentials to log in to Platform Accounts, view trading rules and monitor performance. You are responsible for monitoring Risk Management Rules, which are conveniently and transparently shown in the Dashboard. 5. Registration To access and use the Services, each User must have a Profile. When creating a Profile, You agree to provide accurate, current, and complete information as prompted by the registration form. This includes but is not limited to your full name, email address, and a unique password. You are responsible for keeping this information up-to-date to ensure proper communication and access to your Profile. You are responsible for maintaining the confidentiality of your password and any other access credentials. You agree not to share, disclose, or otherwise make your password or account credentials available to any third party. You are solely responsible for all activities that occur under your Profile, whether or not authorised by you. If you suspect any unauthorised use of your Profile, you must notify us immediately. The Company reserves the right to refuse registration, suspend, or terminate your Profile at its sole discretion, without prior notice, for any reason or no reason, including but not limited to violation of these Terms of Service, providing false or misleading information, or for any other reason we deem appropriate. If your Profile is terminated, you may not be eligible to create a new Profile or access our service without the Company’s prior written consent. 6. Payment terms All payments are due upfront. Fees are shown on the checkout screen based on the chosen Package parameters. Once You have completed payment for your Package, it is not possible to change the parameters. The Company reserves the right to increase or decrease fees or offer and revoke promotions at any time. While the Company accepts payment through various methods, such as credit cards, e-wallets and cryptocurrencies, it’s not guaranteed that all methods will be available to all Users at all times. The Company reserves the right to change or modify payment terms, Fees, or accepted payment methods at any time without prior notice. All Fees are exclusive of any sales taxes. You may be required to pay sales tax, depending on your jurisdiction. In some cases, the Company may collect sales taxes at the time of purchase. If You lodge an unjustifiable complaint regarding the paid fee or dispute the paid fee with Your bank or payment service provider (e.g. through chargeback services, dispute services, or other similar services), on the basis of which an annulment, cancellation or refund of the fee or any part thereof is requested, the Company is entitled to stop providing Services. 7. Refunds If you purchase a Trading Challenge or Redemption Challenge (collectively “Challenge”), and for any reason, You decide to cancel, You may be eligible for a refund if you cancel within 5 days of purchasing the Challenge, and You cancel before starting the Challenge. A Challenge is considered to have started if You open one or more orders (pending or completed) in the Account. The Company does not provide refunds after 5 days have passed or the Challenge was started. You may also be eligible for a refund if Your ID Verification is not approved, even though you performed all the necessary steps and provided all the required information. The Company shall issue refunds related to failed ID Verification at its discretion. 8. Verification To participate in the Funded Trader Program, You must pass the ID Verification process. Verification is performed after passing a Trading Challenge for the first time. The Company uses a third-party service provider to collect, process and verify the information. To perform ID Verification, the Company will ask You to provide and do the following: Upload a picture or scan of Your identity document, such as Your passport or national ID; Take a selfie to verify You are the same person shown in the document; A recent document to prove Your address, such as a bank statement or utility bill. The Company may request additional information to perform ID Verification. The Company may not approve your ID Verification and does not need to explain the reason for rejection. The Company may ask You to verify Your identity on multiple occasions. 9. Risk Management Rules If You breach one of the following Risk Management Rules, You will fail a Challenge, or Your Account will be disqualified from the Funded Trader Program, as the case may be. Daily Loss (DL) Rule If Your Account equity falls below the daily loss limit specified in the Package, Your positions will be liquidated, Your Account will be disabled, and You will be disqualified from the Program. The daily loss limit may be either 5%, 10% or 15%, depending on the Package. The daily loss rule is triggered using the following formula: (previous EOD balance – equity) ÷ (previous EOD balance ) > DL%. Max Loss (ML) Rule If Your Account equity falls below the max loss limit specified in the Package, Your positions will be liquidated, Your Account will be disabled, and You will be disqualified from the Program. The max loss limit may be either 10%, 20% or 30%, depending on the Package. The daily loss rule is triggered using the following formula: (HWM – equity ÷ HWM) > ML%. Inactivity Rule If no position has been open, closed or modified in 30 consecutive days, Your Account will be considered inactive. Adjusting a take profit or stop loss or opening or closing a pending order is not considered modifying a position. 11. Trading Rules At Tradiac, We seek and support talented traders bringing unique trading strategies. However, We do not tolerate Users looking to exploit the Services for an easy win. Therefore, We have established these Trading Rules, which all Users must follow. Unlike the above-mentioned Risk Management Rules, which allow for Redemption Challenges and future Trading Challenges, violating these Trading Rules may result in Termination. The Company may issue warnings, requesting you to adjust trading strategy or style to comply with the Trading Rules. It is prohibited to: Use exploitative trading strategies which cannot reasonably be utilised for proprietary trading strategies, such as high-frequency trading, latency arbitrage, triangular arbitrage and exploitative methods; Use short term scalping strategies, where numerous positions are held for fewer than five minutes, to systematically profit from minor price fluctuations; Pooling or hedging risk of multiple accounts using the same or opposite trading strategies in Tradiac or using other services in combination; Aggregating the activities of multiple individuals under a single Account; Trading on behalf of others; Trading in consort with others; Use a commercial trading robot that You purchased from a third party without making any functional adjustments or customisations to the trading robot; Use a copy trading or managed account services, such as MQL5 or ZuluTrade; Use a third party to pass a Trading Challenge on your behalf; Breach of the End User License Agreement of the Platforms. 12. Term and Termination The term of this Agreement will begin when You purchase a Service and will continue until either the Company terminates Your access to the Services or You stop using the Service. The Company reserves the right to terminate the Services at its sole and absolute discretion and without prior notice. 13. Changes to the Agreement The Company may modify or amend this Agreement upon providing 24 hours notice to You. Your continued use of the Services after the Agreement changes become effective constitutes Your acceptance. 14. Trading Data “Trading Data” means any and all information and data that You generate while using the Services, such as the orders, positions and deals created in Your Accounts. The Company is not obligated to back up any Trading Data. Your Trading Data may be deleted at any time without prior notice. You hereby grant (and you represent and warrant that you have the right to grant) to the Company an irrevocable, nonexclusive, royalty-free and fully-paid worldwide license to reproduce, distribute, publicly display and perform, prepare derivative works of, incorporate into other works, and otherwise use and exploit your Trading Data, and to grant sublicenses of the foregoing rights, solely for the purposes of including your Trading Data. You hereby irrevocably waive any claims and assertions of moral rights or attribution with respect to your Trading Data. 15. Disclaimers THE SERVICE IS PROVIDED ON AN “AS-IS” AND “AS-AVAILABLE” BASIS, AND THE COMPANY (AND OUR SUPPLIERS) EXPRESSLY DISCLAIM ANY AND ALL WARRANTIES AND CONDITIONS OF ANY KIND, WHETHER EXPRESS, IMPLIED, OR STATUTORY, INCLUDING ALL WARRANTIES OR CONDITIONS OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, TITLE, QUIET ENJOYMENT, ACCURACY, OR NON-INFRINGEMENT. WE (AND OUR SUPPLIERS) MAKE NO WARRANTY THAT THE SITE WILL MEET YOUR REQUIREMENTS, WILL BE AVAILABLE ON AN UNINTERRUPTED, TIMELY, SECURE, OR ERROR-FREE BASIS, OR WILL BE ACCURATE, RELIABLE, FREE OF VIRUSES OR OTHER HARMFUL CODE, COMPLETE, LEGAL, OR SAFE. IF APPLICABLE LAW REQUIRES ANY WARRANTIES WITH RESPECT TO THE SITE, ALL SUCH WARRANTIES ARE LIMITED IN DURATION TO NINETY (90) DAYS FROM THE DATE OF FIRST USE. SOME JURISDICTIONS DO NOT ALLOW THE EXCLUSION OF IMPLIED WARRANTIES, SO THE ABOVE EXCLUSION MAY NOT APPLY TO YOU. SOME JURISDICTIONS DO NOT ALLOW LIMITATIONS ON HOW LONG AN IMPLIED WARRANTY LASTS, SO THE ABOVE LIMITATION MAY NOT APPLY TO YOU. 16. Limitation of Liability TO THE MAXIMUM EXTENT PERMITTED BY LAW, IN NO EVENT SHALL THE COMPANY (OR OUR SUPPLIERS) BE LIABLE TO YOU OR ANY THIRD PARTY FOR ANY LOST PROFITS, LOST DATA, COSTS OF PROCUREMENT OF SUBSTITUTE PRODUCTS, OR ANY INDIRECT, CONSEQUENTIAL, EXEMPLARY, INCIDENTAL, SPECIAL OR PUNITIVE DAMAGES ARISING FROM OR RELATING TO THESE TERMS OR YOUR USE OF, OR INABILITY TO USE, THE SITE, EVEN IF COMPANY HAS BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES. ACCESS TO, AND USE OF, THE SITE IS AT YOUR OWN DISCRETION AND RISK, AND YOU WILL BE SOLELY RESPONSIBLE FOR ANY DAMAGE TO YOUR DEVICE OR COMPUTER SYSTEM OR LOSS OF DATA RESULTING THEREFROM. TO THE MAXIMUM EXTENT PERMITTED BY LAW, NOTWITHSTANDING ANYTHING TO THE CONTRARY CONTAINED HEREIN, OUR LIABILITY TO YOU FOR ANY DAMAGES ARISING FROM OR RELATED TO THESE TERMS (FOR ANY CAUSE WHATSOEVER AND REGARDLESS OF THE FORM OF THE ACTION), WILL AT ALL TIMES BE LIMITED TO A MAXIMUM OF FIFTY US DOLLARS (U.S. $50). THE EXISTENCE OF MORE THAN ONE CLAIM WILL NOT ENLARGE THIS LIMIT. YOU AGREE THAT OUR SUPPLIERS WILL HAVE NO LIABILITY OF ANY KIND ARISING FROM OR RELATING TO THESE TERMS. SOME JURISDICTIONS DO NOT ALLOW THE LIMITATION OR EXCLUSION OF LIABILITY FOR INCIDENTAL OR CONSEQUENTIAL DAMAGES, SO THE ABOVE LIMITATION OR EXCLUSION MAY NOT APPLY TO YOU. 17. Severability If any provision of this Agreement is deemed invalid or unenforceable by a court of competent jurisdiction, such provision shall be deemed severable, and the remaining provisions of this Agreement shall continue to be valid and enforceable. No waiver of any term or condition of this Agreement shall be deemed a further or continuing waiver of such term or condition or any other term or condition, and any failure by the Company to assert a right or provision under this Agreement shall not constitute a waiver of such right or provision. 18. Force Majeure Neither party shall be held liable or responsible for any failure or delay in the performance of its obligations under this Agreement due to circumstances beyond its reasonable control, including but not limited to acts of God, natural disasters, wars, terrorist acts, riots, strikes, labour disputes, embargoes, governmental actions, orders or regulations, national or regional emergencies, epidemics, pandemics, explosions, fires, floods, earthquakes, or any other unforeseeable and unavoidable events or circumstances that make it impossible or commercially unreasonable for a party to perform its obligations under this Agreement (collectively, “Force Majeure Events”). In the event of a Force Majeure Event, the affected party shall promptly notify the other party in writing of the nature and extent of the event, the anticipated duration of the event, and the anticipated impact on its performance under this Agreement. The affected party shall use commercially reasonable efforts to mitigate the effects of the Force Majeure Event and resume the performance of its obligations as soon as reasonably possible. The time for performance of the affected party’s obligations shall be extended for a period equal to the duration of the Force Majeure Event, provided that if the Force Majeure Event continues for a period of more than 10 consecutive days, either party may terminate this Agreement upon written notice to the other party without incurring any liability, subject to any payment or other obligations that accrued prior to the occurrence of the Force Majeure Event. If the Force Majeure Event affects the performance of both parties, the parties shall negotiate in good faith to reach a mutually agreeable solution to address the impact of the Force Majeure Event on the performance of their respective obligations under this Agreement. 19. Governing Law This Agreement is governed by and subject to the laws of the State of Delaware. By using our Service, You agree to submit to the exclusive jurisdiction of the state and federal courts located in the State of Delaware to resolve any disputes arising out of or relating to the Agreement or any other matter connected to our Service. Notwithstanding the foregoing, we reserve the right to seek injunctive or other equitable relief in any court of competent jurisdiction to prevent the actual or threatened infringement, misappropriation, or violation of our intellectual property rights, as set forth in these Terms of Service. 20. Copyright/Trademark Information Copyright © 2023 Impossible Ventures LLC. All rights reserved. All trademarks, logos and service marks (“Marks”) displayed on the Site are our property or the property of other third parties. You are not permitted to use these Marks without our prior written consent or the consent of such third party which may own the Marks. 21. Intellectual Property Nothing in this Agreement shall be construed as granting, either expressly or by implication, any license or right to use any of our Intellectual Property, except as expressly permitted by this Agreement or with the Company’s prior written consent. You agree not to copy, reproduce, republish, modify, adapt, distribute, transmit, broadcast, display, sell, license, or otherwise exploit any Intellectual Property without the Company’s express written consent. Any unauthorised use of the Company’s Intellectual Property may result in a violation of the Agreement and may subject you to legal action, including, but not limited to, claims for damages and injunctive relief. 22. Entire Agreement This Agreement contains the entire agreement between the Company and the User regarding the Services and supersedes all prior understandings, agreements, or representations between the Parties, whether written or oral. 23. Contact Us If you have any questions, concerns, or comments regarding this Agreement, please feel free to contact us using the information provided below: Impossible Ventures, LLC, 9450 SW Gemini Drive, Beaverton, OR 36642, United States support@tradiac.com
Frankly, I don't see any red flags with this outfit. And unlike FX2 Funding, I won't need a Deel.com account to access any available payouts from Tradiac. Actually, I don't see where the cTrader platform is available as an option/choice.