Hyper Growth Program Terms and Conditions

Generals

The 5%ers operate an Online Funding and Growth Trading Program, operated by FIVE PERCENT ONLINE LTD, incorporated in the United Kingdom as a registered UK Company number 12553363, and owned by Five Percent Online LTD (Israel) Company Number 515864007 / LEI: 894500CK24MUEFQG0E92.

The company is a proprietary-trading-firm and does not onboard retail clients

Five Percent Online Ltd is operated and governed by the law of the United Kingdom. The official address is: Enstar House, 168, Praed Street, London, United Kingdom, W2 1RH.

The 5%ers is a brand name, operated by Five Percent Online LTD, and is a privately owned Legal Corporation, performing a Nostro-investment operation. It does not operate as a Financial Institution of any type, nor is it a Broker, nor a Broker Marketing platform, and does not accept Investor’s capital.

Program Mission and Definition

Under a 3rd party contract, The 5%ers recruits genuine and speculative traders to work for the company, and to manage the compan’y funds on the company’s platform and using the company’s assets and funds.

The 5%ers provides fully-funded forex trading accounts with monthly profit payout plans and lucrative growth scenarios to traders who qualify for the program’s trading requirements.

The 5%ers is not a broker, not associated with any particular broker, and does not serve financial trading services of any type. 

The 5%ers does not invest clients capital in the financial markets. All funding of clients’ accounts is sourced by the owner’s own capital. 

 

The5ers is aware of the regulatory requirements in the US, and it operates by a restrictive legal advisory to fully fulfill the US law and regulatory requirements. The full document will be provided to any official enforcement organization of the US authorities by official and authorized requests to [email protected].

Participants in this Agreement

The Fund – is the alias name for The 5%ers.

The Program – refers to the various program options, with their full requirements, goals, objectives, restrictions, and variables.

Trader – is to describe the trader in the stage of evaluation, and at this time has not yet fulfilled all the requirements.

Funded Trader Level 2 – is used to describe a trader who has successfully completed the Level 1 targets under the trading requirements.

Program Description

Signing up for the program begins with a limited capital trading account, fully funded and provided by the fund. The fund sets objectives, which the trader agrees to trade by, under the fund’s sole authority to enforce the trading objective, and who possesses all rights over the trading accounts, the capital, and the trading guidelines.

Trading objectives – prior to providing access to its trading capital, the fund, and the trader agree on the full of the trading guidelines, objectives, terms, and rules. The fund defines and enforces the objectives upon values agreed.

Sign up Fee – Participating in the fund’s funding program has a fee cost involved. The fee amount is specified according to each program plan which could be chosen by the trader.

  • The signup fee is not a trading capital deposit.
  • The signup fee is not to cover trading costs or trading losses.
  • The signup fee is non-refundable, in partial or in full, once the trading activity has commenced by the trader.

Traders are allowed to perform using any trading strategy, as long as it complies with the Risk Management Guidelines required by the Fund.

Upgrading or downgrading a plan: once the program has commenced, the trader cannot upgrade or downgrade the current plan.

Program Conditions, Requirements and restrictions

Knowledge and Skill

The trader must acknowledge having sufficient trading knowledge, experience, and skills to perform under the program requirements. The trader must fully understand the full scope of the program, the implications of the program requirements, restrictions, guidelines, and find the program sufficient to his needs.  

Forex

The program is conducted on a forex trading platform only. The trader must fully understand the unique characteristics of the forex market. Specifically, with regards to trading, the trader must fully familiarize his/herself with the following terms and implications of the following terms: Market Hours, Economic Releases, Flexible Spreads, Commission, Execution slippage, variable spread condition, Overnight Rollover Swaps, Overnight rollover volatility, Pip, Point Value, Lot, Stop Loss, Take Profit, Market Order, Stop Order, Limit Order, Ask, Bid, Drawdown.

Trading Platform

The Fund provides trading on the trading platform, with full authority to perform trading during market hours. At this time, the Fund provides for the use of Windows Operating system, Mac iOS by a non-official & non-supported technical workaround, mobile access for Android and iOS, MQL scripting using Desktop Platform Version Only.

The Fund may change its suppliers and systems to any other solution and technology, at any time.

Trading Capital

The program, from the very beginning period and throughout the progression, is conducted with capital that is owned and supplied by the Fund. 

Protecting Trading Capital

No matter which level the trader is at in the program, it is required for him/her to act responsibly and use all methods to protect the Fund’s capital from severe losses. This also includes operating responsibly under risk management measures, protecting and securing the trading access credentials for trading accounts, not providing access to any 3rd party or person for the accounts, immediately report to the Fund’s Support Team about loss or theft of trading access, respond to email communications from the Fund, and take the required measures if asked by the Fund.

Activity Restrictions 

The program is designed to cater all speculative trading strategies. Any trading style which is not speculation-trading behavior is prohibited.

It is prohibited to perform under the fund’s platform any trading method which uses exploitation of price discrepancies or glitches within different markets of similar or identical assets, also known as Arbitrage trading.

It is prohibited to perform High-frequency trading strategies in which the majority of the trades duration span is measured by a few seconds or less.

It is prohibited to perform bracketing strategies (opening pending orders) around high-impact news.

It is prohibited to involve any other technology which interferes with the platform’s networking.

It is prohibited to:

intentionally or unintentionally employ trading strategies that take advantage of errors within the system, such as inaccuracies in price display or delays in updates.

execute trades using external feeds.

manipulate trading by executing trades alone or in collaboration with others, including between connected accounts or accounts held with different entities, or by entering into opposing positions simultaneously.

utilize any software, AI, ultra-high speed, or mass data entry that manipulates, misuses, or gives an unfair advantage when using the system or services.

perform gap trading

execute trades in a way that contradicts how trading is conducted in the forex market or any other financial market, or in a way that raises concerns that the service provider may suffer financial or other harm as a result of the customer’s actions (e.g. overleveraging, overexposure, one-sided bets, account rolling).

Exploiting Price discrepancies between the5ers platform feed and other feeds

Trade coordination or copytrading with other traders or accounts

It is prohibited to involve Expert Advisors which scalp during the rollover-night, using market or pending orders.

If you intend to use trading robots (Expert Advisors – EAs), keep in mind that if you use an EA from a third party, there might be other traders already using the same EA and therefore exactly the same strategy. Having the same strategy amongst a group of traders is prohibited.

By using a third-party EA, and which you don’t own the source code, you potentially run a risk of being denied passing the challenge, and getting funded.

EA´s that performs any of the following activities are prohibited:

– copy trades of other person signals

– do tick scalping

– perform latency arbitrage trading

– perform reverse arbitrage trading

– perform hedge arbitrage trading

– use emulators

 

Any accounts using these types of EAs will be canceled, banned, and not refunded.

Indices– Carrying overnight positions is allowed. Carrying over the weekend is not allowed and involves high swap costs.  

Terms of The Program

By joining the program, the trader is receiving a level 1 funded account where the trader is expected to demonstrate a profitable trading performance.

The individual who pays for the programs, must be the one that manage the trading account. 
If the account is managed by another individual or entity, the account will be terminated, banned and not refunded.

Funded Trader

Level 2 is a trader who successfully passes the milestone objective of the level 1 funded account period. A Funded Trader is certified to trade on behalf of and with the trading capital of The 5%ers’ Fund under a non-employee 3rd party contractor relationship. 

Ideal Risk Management Discipline

The5ers encourage its traders to perform his/hers trading with a suggested risk management discipline.  

Risk management is not mandatory. Deciding to self-enforce the program’s suggested risk management will benefit the trader with better funding conditions on future stages of the program, as described in this document, in chapter IDEAL RISK MANAGEMENT REQUIREMENTS.

Payouts

Payouts will be paid only to Program Managers (PMs), and the payout will be calculated only according to profitable performance of the traders.

Program Termination

This is the end of the participation of a trader on the program.

NECESSARY PREREQUISITES

The program is available to individuals only. They must be from the age of 18 years and older, and of all nationalities.

Individually Private Only
The program is designed for individual traders only. An individual trader who signs up is the only person who is allowed to trade on behalf of the fund, in both the evaluation program and as a PM Partner in the official trading program.

Proof of Authenticity
An authentic identity must be provided. The program only accepts traders who present proof of authentic identity.

Restricting Organizations
The program is not available to any entity, firm, corporation organization, or group of individuals of any type.

Trading Instruments

The following is a list of securities permitted to trade:

Forex Majors
EUR/USD, GBP/USD, USD/JPY, USD/CAD, AUD/USD, NZD/USD, USD/CHF.

Forex Major Crosses
AUD/CAD, AUD/CHF, AUD/JPY, AUD/NZD, CAD/CHF, CAD/JPY, CHF/JPY, EUR/AUD, EUR/CAD, EUR/CHF, EUR/GBP, EUR/JPY, EUR/NZD, GBP/AUD, GBP/CAD, GBP/CHF, GBP/JPY, GBP/NZD, NZD/CAD, NZD/CHF, NZD/JPY.

Metals

XAU/USD, XAG/USD

Indices

US30, NAS100, SP500, UK100, DAX40, JPN225

*Holding indices over the weekend carries a large swap

Cryptocurrencies

Bitcoin, Ethereum

The Trader must avoid trading any other securities unless permitted by the Fund’s Official Representative. Trading securities that are not permitted may result in the termination of the Program.

IDEAL RISK MANAGEMENT REQUIREMENTS

The program suggests a risk management discipline, which traders can choose whether to embrace or not.

Upon meeting profit targets, the program promises to accommodate a guaranteed account growth for all traders demonstrating either risk management approaches.

Traders who demonstrate under the program’s ideal risk management requirement will be entitled to a lower profit requirement as a milestone.

Traders who demonstrate different risk management will be entitled to a similar growth rate, with a higher profit requirement as a milestone.

Traders who choose to compete for the lower profit target, are required to self-enforcement of following Ideal Risk Management Requirements guidelines:

Ideal Risk Management Discipline
The following are the characteristics of the Risk Management required and its definitions, which the Trader should fully comprehend and self-enforce for optimizing a growth milestone target.

Stop Loss
The5ers suggest an ideal risk management recipiency, that requires submitting a proper stop-loss order for every position, market order, pending stop order, pending limit order.
It is required for every position, market order, pending stop order, or pending limit order to contain a stop loss at a price level which represents a maximum money risk of 2% or less. A proper stop loss must be submitted into the trading platform server, and muse is visible for the fund. The program will not consider any stop-loss alternative which is not a server stop order, the following stop-loss methods do not qualify for the stop loss requirement: Manual trade closing, Automatic and script closing, EA, Stealth mode stop loss.

Leverage
The fund applies different leverage settings to the trader’s accounts, upon the program selected on signup. The trader is allowed to use the full margin available by the program’s leverage. By any circumstance, if wrong leverage was given, the trader is forbidden to exceed the official leverage published for the program.

The risk department reserves the right to request funded traders to apply specific risk parameters to accurately assess risk within their accounts. These parameters, may include but are not limited to leverage limits or position size constraints. It’s important to note that these requirements may be temporary in nature and subject to periodic review and adjustment by the risk department as necessary.

Program And Targets

The following are the definitions of the program and targets:

Profit Target
Each step in the program has a specified target milestone in terms of USD net profit. The amount specified is net profit after deduction of all trading costs, spread, commission, overnight swap charge.

Account Stop out Value
Definition: Is the account value by equity, which determines the maximum loss allowed in the account.

Once the Account Stop out value is breached below, termination for the account will be announced, all unrealized positions, and orders will be closed by the authorized personnel.

Daily Pause

The daily pause is a loss protection that helps traders avoid significant losses.

When an account hits the daily pause level, all open trades get closed, and the account remains disabled until the next trading day.

Time Limit
There is no time limit to complete the evaluation phase. However, traders must remain active with at least 1 trade every 14 days.

Time is measured from the day of the signup. The trader is expected to meet all the trading requirements to demonstrate a steady and positive trading performance.

Expiration Extension

There are no time extensions to the program.

PM Minimum Activity
To remain active, the PM Partner must show to have been active with at least 4 trades in one entire month. Failing to meet this criterion, the account may will be paused or terminated.
Giving notice for Inactivity – By giving notice for inactivity, the trader may freeze the account for up to 20 days but no more than one time. The notice should be given in a formal notice and should be approved by an authorized official from the Fund.

Minimum Active Trading Days and Minimum Positions Requirements

There are no minimum trades or trading days requirements for completing Level 1. 
Level 1 is immediately completed when reaching the profit target.

Flat Portfolio on Targets
A trader must close all trades and pending orders once reaching the milestone target or the drawdown. The fund will not pay profits higher than the milestone.

Program Restrictions
As the program scope is directed to skilled traders, the program strongly forbids participation for any reason other than for applying to be the Fund’s Contractor Trader. Therefore, the program forbids the following and will consider this as misuse and violation of the program, which will result in the immediate termination of the program.

Forbidding of trading coordination with other accounts or other traders active in the Fund. It is strictly forbidden to coordinate any type of trading behavior among two or more accounts in the name of another trader – This includes the prohibition of copying trades and orders; duplicating trading activity and orders; hedging among accounts. Any evident coordination of the above is considered a major violation of this program and will result in immediate termination by the violation of this contract.

Restricted Strategies:

  1. Bracketing before news, including market orders and pending orders before or during high impact news events in anticipation of market volatility. 
  2. High frequency trading and tick scalping.
  3. Rollover scalping arbitrage, taking advantage of the interest rate differences on currency pairs.
  4. Spread Arbitrage or taking advantage of the difference in prices between different platforms, brokers, or markets.

Violation of Risk Requirements and Restrictions:
Traders on the risk-manager program are expected to trade with our excessing the risk management requirements. . If by any circumstances a violating of the risk guidelines is registered in the trading account, and once the trader completes the program objectives, the next funding level will be conducted on the aggressive program.

Profits made with positions involved in risk management violation, will not be paid as profits, as well as not be accounted for the milestone fulfillment. 

Trading Conditions Acknowledgment

By signing up to the program of The 5%ers, I hereby confirm and fully understand that my trading performance may also be affected by various conditions, as such:

Variable Spread
Spreads vary according to the market liquidity, at rigid times such as during high impact economic events, the spread difference of ask and bid prices can expand multiple times.

Stop / Limit Pending Orders
Ordering at a specifically requested price is not guaranteed for limit or stop orders during abnormal and volatile periods – the price will be filled at the next best price according to the exchange order book.

Trading Gaps
At times of extreme liquidity in the market, the differences from one tick quote for the next may significantly increase. This is also known as ‘A Gap’. Any orders that are placed at prices with no tick quote will be filled at the next available quote. This may result in execution at a less preferred price.

Overnight Rollover Spread Conditions
An overnight rollover is an event that occurs at the end of each day, at midnight (the time of the program’s setting). At this hour, the banks shift huge amounts of orders from one day to the next day. This may result in the spreads becoming significantly increased. This usually takes a few seconds up to two minutes past midnight. The spread’s increment may result in the execution of a nearby stop or limit orders. It is advised, to move nearby orders as further away as possible to prevent unwanted executions due to technicalities.

Trading Commission
The commission is a trading cost applied by the liquidity provider. This is the industry’s standard method for Brokers and Liquidity Providers to charge for the service of executing orders.

Economic Event Releases
At times of releasing any Economic Data, the price tends to form gaps, and spreads may increase in multiples, and execution is not guaranteed by price. It is advised to pay attention to the event release schedule, to reduce position exposure and shift further limit and stop orders.

Forex Market Trading Hours
Market hours are based on GMT 0 Time zone. During normal days the forex market open hours are from 00:00 Monday to 23:59 Friday. Trading and market is paused every night at 21:58 until 22:04 due to swap rollover. During these 6 minutes, the server will not perform any market, stop and limit orders. Charts and feed will be frozen as well. This serves as a slippage prevention measures, made to avoid troff market execution of trades at unwanted pricing due to possible wide spreads. 

Communication

Email communication serves as the main and official communication with the trader and The5ers. The Fund will use this modality regularly and in real-time, as a means to send all communication, guidance, and feedback to its team of traders.

It is mandatory for the trader to provide a valid and working email address, which the trader checks regularly. It is required to check emails on a constant basis, to allow for real-time communications and feedback from the Fund.

Failing to respond to the Fund’s email communications, may lead to a freezing of the account or program termination.

The Fund provides other means of communication that can serve as backup communication, such as Skype, on-site live chat, on-site contact forms, and international telephone calls.

It is expected for the traders to notify The 5%ers of any changes in email or communication details and anything else that may affect their trading performance.

Profit Payout

The Fund pays its trader an agreed portion from the net profits on a bi-weekly basis for all PM level traders, and for the first stage in the program once the first milestone is achieved.

Upon success in Level 1, the payout for profits will be paid on the following payout cycle, combined with the PM account’s profits or losses of the same payout cycle.

The Fund pays for net profits to PM Partners, every 14 days upon request.

There is a minimum of $150 profit needed to request a payout. 

Being paid for profits will not be deducted from profit progression towards the next milestone.

Calculating & Recording Profits for a PM Partner.
The payout procedure is managed by the following timeline schedule:

At the end of every payout cycle, the fund will withdraw any excessive profits from the account. This procedure is scheduled to take place on the first 24 hours after the end of the last trading day.

The profit amount is derived by the minimum value of the realized or unrealized of the account.

Payout Schedule
Once a profit is determined, and withdrawn from the account, the fund will credit in the payout amount due to the Trader.

The payout amount is calculated by the split percentage agreed by the Trader and the fund before signing up (usually 50% / 50% split, up to 100%/0%).

The Trader is required to sign a contract, fill the KYC papers, and the due invoices for the exact amount specified by the credit-in transaction on every payout request. Upon receiving an accurate invoice, the Fund will issue a payout. Please allow a processing time of around 7 days.

Please note that we cannot process payments to Traders from the following countries: Afghanistan, Burundi, Central African Republic, Congo Republic, Cuba, Crimea, Democratic Republic of Congo, Eritrea, Guinea,  Guinea-Bissau, Iran, Iraq, Laos, Liberia, Libya, Myanmar, North Korea, Papua New Guinea, Somalia, South Sudan, Sudan, Syria, Vanuatu, Venezuela, Yemen, Zimbabwe.

Payout Terms Definition:

EOD – 23:59:59 is The 5ers’ platform server time.
High Watermark profit is the last value of the account by which the fund had paid for the trader.

Termination of The Program

Program Termination may take effect at any stage in the program, from the evaluation period to any stage as PM Partner. Terminating the program may occur for all of the below reasons:

  • When reaching or passing off the maximum drawdown allowance.
  • The violation of the Risk Management Guidelines.
  • The expiration of the limitation has exceeded.
  • The misuse or abuse of the program – not for the sake of individual authentic trading.

Returning After a Termination
Traders are allowed to sign up for another plan regardless of past terminations. Nevertheless, the Fund is allowed to refuse to re-sign up at its own discretion.

Termination Clearance
At the occurrence of a termination, the following measures will take effect:

  • A notice of termination will be sent by an official email to the trader.
  • Disabling trading permission in trading accounts.
  • Denying access to the trading account and platforms provided by the Fund.
  • A full detailed trading report will be sent to the trader by email.
  • Valid total net profits made in the account will be calculated and paid in the specified portion at the following payout cycle schedule and regulation.

KYC, Complaint & disputes

As a prerequisite for all our funded traders, it is mandatory to undergo a Know Your Customer (KYC) verification process via the Sumsub platform. This process adheres to industry-standard KYC requirements and necessitates the submission of identification documents and proof of address.

In the unlikely event that you are dissatisfied with the service provided by The5ers, please contact our help desk as soon as possible at 1 (929) 955 5595 or via email at [email protected], or by submitting a contact form under the contact us page: https://the5ers.com/contact-us/, or by contacting our live support chat when available.

In case of filing a complaint, please include as much detailed information to describe your case. To allow us easily investigate your complaint, associate your full name, email, account id, time of the event, and further details information related, You may also provide screenshots images of software, log files, and any other evidence that can be helpful for the claim.
If a 3rd party service is involved, before you taking formal steps, first to contact us by email. telephone or chat, when available. Often it is possible to find a solution without instigating the formal procedures.

Interview Video Request

The Fund reserves the right to request an interview session at any time during the term of the program with a designated risk manager from The5ers Fund. The purpose of this interview is to ensure the authenticity of the client’s strategy and behavior in accordance with the terms and conditions.

Upon request, the client agrees to make themselves available for an interview with the risk manager of the Company. The client shall provide all necessary information and cooperate fully during the interview process.

The Fund, based on its understanding and after conducting due diligence, shall have the discretion to determine the authenticity of the client’s strategy and behavior. Any rejection or failure to participate in the interview session as requested by the Fund will be considered a material breach of this T&C and may result in immediate program termination.

The client acknowledges and agrees that participation in the interview session is a fundamental requirement of the program, and failure to comply may lead to a termination of the program.

Errors and Omissions

Subject to the terms of this agreement, neither party hereto, shall be prejudiced in any way by inadvertent errors or omissions made by such party, providing such errors and omissions are corrected promptly following discovery thereof. Upon the discovery of an inadvertent error or omission by either party hereto, appropriate adjustments shall be made as soon as possibly practicable to restore both parties to the fullest extent possible and to the position they would have been in, had no such inadvertent error or omission occurred.

The 5%ers reserves the rights for future changes of these Terms and Conditions, upon notifications via an official email address given from the trader. The trader will be committed to the changes, or will officially be asked to resign from the program.

IDEAL RISK MANAGEMENT REQUIREMENTS

Ideal Risk Management Requirements apply only to Risk-Manager Funded Trader Programs. Traders of the Aggressive Funded Trader Programs are not committed to this section of the terms and conditions;

The program suggests a risk management discipline, which traders can choose whether to embrace or not.
Upon meeting profit targets, the program promises to accommodate a guaranteed account growth for all traders demonstrating either risk management approaches.

Traders who demonstrate under the program’s ideal risk management requirement will be entitled to a lower profit requirement as a milestone.

Traders who demonstrate different risk management will be entitled to a similar growth rate, with a higher profit requirement as a milestone.

Traders who choose to compete for the lower profit target, are required to self-enforcement of following Ideal Risk Management Requirements guidelines:

Ideal Risk Management Discipline
The following are the characteristics of the Risk Management required and its definitions, which the Trader should fully comprehend and self-enforce for optimizing a growth milestone target.

Stop Loss
The5ers suggest an ideal risk management recipiency, that requires submitting a proper stop-loss order for every position, market order, pending stop order, pending limit order.
It is required for every position, market order, pending stop order, or pending limit order to contain a stop loss at a price level which represents a maximum money risk of 2% or less. A proper stop loss must be submitted into the trading platform server, and muse is visible for the fund. The program will not consider any stop-loss alternative which is not a server stop order, the following stop-loss methods do not qualify for the stop loss requirement: Manual trade closing, Automatic and script closing, EA, Stealth mode stop loss.

Leverage
The fund applies different leverage settings to the trader’s accounts, upon the program selected on signup. The trader is allowed to use the full margin available by the program’s leverage. By any circumstance, if wrong leverage was given, the trader is forbidden to exceed the official leverage published for the program: Risk Manager Funded Trader Programs 1:10, Aggressive Funded Trader Programs – 1:30

Program And Targets

The following are the definitions of the program end targets:

Profit Target
Each step in the program has a specified target milestone in terms of USD net profit. The amount specified is net profit after deduction of all trading costs, spread, commission, overnight swap charge.

Account Stop out Value
Definition: Is the account value by equity, which determines the maximum loss allowed in the account.

Once the Account Stop out value is breached below, termination for the account will be announced, all unrealized positions, and orders will be closed by the authorized personnel.

Time Limit
As an exception to all other program’s levels, only the first level is limited to a number of calendarial days.

Time is measured from the day of the signup. Until the expiration date, the trader is expected to meet all the trading requirements to demonstrate a steady and positive trading performance.

For the risk manager funded trader program – level 1: the time limit is 180 days, for the Aggressive Funded Trader Program – level 1, the time limit is 60 days.

Once the expiration date has arrived or passed and the trader has not yet met the required targets on time, the trader’s participation in the program will be automatically terminated and the fund will deny access to trading funds and the trading account.

Expiration Extension
A Funded Trader in Level 1 period on the Risk-Manager Program may request twice for a one-month extension to meet the required profit target and only by these following conditions:

The profit is positively above 2.5%.
There are clear risk management records with no risk management flags recorded in the trader’s account history.

There are no time extensions on Aggressive Programs.

PM Minimum Activity
To remain active, the PM Partner must show to have been active with at least 4 trades in one entire month. Failing to meet this criterion, the account will be paused or terminated.
Giving notice for Inactivity – By giving notice for inactivity, the trader may freeze the account for up to 2 months but no more than twice in an annual year. The notice should be given in a formal notice and should be approved by an authorized official from the Fund.

Minimum Active Trading Days and Minimum Positions Requirements

There are no minimum trades or trading days requirements for completing Level 1. 
Level 1 is immediately completed when reaching the profit target.

Flat Portfolio on Targets
A trader must close all trades and pending orders once reaching the milestone target or the drawdown. The fund will not pay profits higher than the milestone.

Program Restrictions
As the program scope is directed to skilled traders, the program strongly forbids participation for any reason other than for applying to be the Fund’s Contractor Trader. Therefore, the program forbids the following and will consider this as misuse and violation of the program, which will result in the immediate termination of the program.

Forbidding of trading coordination with other accounts or other traders active in the Fund. It is strictly forbidden to coordinate any type of trading behavior among two or more accounts in the name of another trader – This includes the prohibition of copying trades and orders; duplicating trading activity and orders; hedging among accounts. Any evident coordination of the above is considered a major violation of this program and will result in immediate termination by the violation of this contract.

Restricted Strategies:

  1. Bracketing before news, including market orders and pending orders before or during high impact news events in anticipation of market volatility. 
  2. High frequency trading and tick scalping.
  3. Rollover scalping arbitrage, taking advantage of the interest rate differences on currency pairs.
  4. Spread Arbitrage or taking advantage of the difference in prices between different platforms, brokers, or markets.

 

Violation of Risk Requirements and Restrictions:
Traders on the risk-manager program are expected to trade with our excessing the risk management requirements. . If by any circumstances a violating of the risk guidelines is registered in the trading account, and once the trader completes the program objectives, the next funding level will be conducted on the aggressive program.

Profits made with positions involved in risk management violation, will not be paid as profits, as well as not be accounted for the milestone fulfillment. 

T&C Version 2023/09/26

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