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Forex T4TCapital™ Trading Programme

Trading FAQs

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General

How do I get a Forex T4TCapital Trading Account?

The only way to get a Forex T4TCapital™ Trading Account is by successfully passing Step 1 the Practical Assessment. To pass the Practical Assessment you need to:

  1. Reach your accounts profit target without breaching any drawdown limits or trading rules:
      • 25K Account = $3,000
      • 50K Account = $6,000
      • 100K Account = $12,000

The Profit Target is calculated after all open trades are closed. This means that any open trades will need to be closed before you can be considered for completion of the Practical Assessment. You have as much time as you need to pass the Practical Assessment (Step 1). Once you pass the Practical Assessment you will receive your Funded Forex Account within 48 hours of passing the Practical Assessment.

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Can I use my own EA's and trade my own style?

Yes, absolutely. There are no restrictions on the way you trade or the EA’s you can use. All we focus on is the rules and limits so you’re free to trade however you like and with whatever tools you like.

If you’re using EA’s for execution, it is your responsibility to make sure stop-loss orders are attached to every open position and pending order. We will not accept any excuses.

Can I open a trading account with any brokerage company?

No, you will be trading our accounts. Traders4Traders will provide the trading accounts (demo & live) for you to trade.

We use Atlantic Pearl Ltd (a brand of MT. Cook Financial), a boutique brokerage that focuses on professional & institutional traders, offering 60+ currency pairs, gold, and silver, plus CFD Indices and Futures for trade on the MetaTrader 4.

Atlantic Pearl Ltd. is a wholesale boutique brokerage firm that has the tightest spreads and lowest commissions and provides the ideal framework for our Funded Trader Programme.

What is the Time Limit for the Program?

Practical Assessment

There is no time limit to complete the practical assessment.

Live Forex T4TCapital™ Trader Account

There is no time limit placed on the management of the live T4TCapital™ trading account, however, if your trading account is inactive for more than 3 months we will assume you have given up and lost interest and your live T4TCapital™ trading account will be suspended.

Can I trade my own personal account at the same time?

Yes, you can. This is a great way to maximize your trading during the practical assessment.

Some traders believe time spent on the practical assessment is wasted as the money they make is not ‘real’. Well, that doesn’t have to be the case.

The best thing to do is set up a ‘copy trade’ facility on your practical assessment account and then when you trade, these trades will be copied onto your personal account.

That way you’re not wasting any time going through the practical assessment.

We can provide a free ‘copy trade’ EA for you to use.

Is the Practical Assessment free?

No. But we have made the Practical Assessment a one-off fee to take the pressure off you and enable you to trade at your own pace. You also get access to all of our resources from our myFXtradingHub – Daily Analysis, Next Best Trade, 247 Trade Zone to name but a few, with your single payment fee.

What happens when I successfully complete the practical assessment stage?

Your trading account will be reviewed by our senior team and if everything is in order, you will be provided with a live T4TCapital™ trading account according to your practical assessment trading account size. You will then enter into a profit share agreement with T4TCapital.

What happens if I hit the drawdown limits on my funded forex account after I have passed the practical assessment?

If you hit the drawdown limits on your funded forex account you will automatically lose access to the funded forex account. You can, however, sign up again for the practical assessment and once again prove to us that you can manage a funded forex account.

How does the tuition rebate work?

When you signup for the T4T Complete Online Forex Course or the 5 Day Fast Track Workshop, once you have finished the Courses and successfully completed the Practical Assessment you will be given one of our live $100K accounts with real cash and the first USD$1,499 profit you make in this account is paid straight back to you making this whole programme Free of Charge!

After that, any profits are paid according to our current profit share schedule.

Billing

If I pay the fee do I get a funded forex account immediately?

No. You first must pass our practical assessment. Once you do pass the practical assessment you get a live Forex T4TCapital™ Trading Account to trade with no time limitations. Get started today trading our T4TCapital Trading Programme.

Can I pay for more than 1 practical assessment account?

Yes, you can sign up for more than 1 practical assessment account. We have traders with multiple accounts. Some with $25K, 50K and $100K assessment accounts and others with multiple $100K assessment accounts.

Can I have more than 1 live account?

Yes, you can have up to 5 live accounts.

Can I get a refund?

If you have purchased a practical assessment and have not traded the account then we are happy to provide a refund. However if you have traded the account then you will have used our services and a refund is not available.

Can I sign up for a bigger account without finishing the first one?

Yes, you can. All you need to do is sign up and pay for the new Assessment account and we’ll send you the additional accounts login details. You’ll then have 2 active Assessment accounts.

You can have up to 5 Assessment accounts at once.

If I pass the $25K Assessment can I simply pay the difference between the $25K & $100K sign up and get a bigger account?

No. There are different risk parameters with each account so you need to complete the Assessment for each account you sign up for.

Rules of Engagement

How does the Maximum 'Aggregate' Trade Size work?

It’s easier to explain how the Maximum Aggregate trade size works with an example.

Example: The maximum aggregate trade size for a trader with a $25K account is 2.5 lots.

The trader has 3 options:

  1. They can have 1 open position, less than or equal to 2.5 lots
  2. They can have many open positions, the sum of which must be less than or equal to 2.5 lots.
  3. They can leave pending orders in the market but the sum of all open positions plus pending orders must be less than or equal to 2.5 lots

If a trader has 2 open positions of 1.0 lots each and has a pending order of 1.0 lots if that pending order is triggered they will have 3.0 lots in the market.

They would have breached their maximum aggregate position size and their account will be suspended immediately.

Traders who have been funded, your maximum aggregate trade size increases with the account balance!

The trading accounts are maintained at 10:1 Leverage. That means if you increase your account balance your maximum Aggregate trade size also increases.

Example: A trader starts with a $100,000 trading account. They have a maximum aggregate trade size of 10.0 lots to trade with.

If they increase their trading account to $150,000, their maximum aggregate trade size also increases to 15.0 lots.

Note: If they withdraw cash out of the account their maximum aggregate trade size is automatically reduced with the adjustment in the account balance.

How does the Trailing Maximum Loss Limit work?

If the equity balance in your trading account, at any stage, hits or falls below the Trailing Maximum Loss Limit, that’s a breach of our limits and you’ll need to reset your trading account.

The maximum loss limit includes:

  • All open positions
  • All closed positions

For the total duration of your account.

That means if during an open trade you hit or go over below the Trailing Maximum Loss Limit you will have broken our limits and you’ll need to reset your trading account.

To monitor your equity balance look at the ‘Equity Balance’ in the Terminal window on your MT4.

There is 1 important feature to the Maximum Loss Limit:

  1. It continuously trails your account balance

If you Breach the Trailing Maximum Loss Limit you can reset your account for a $199 fee at any time.

How does the Weekly Loss Limit work?

If the equity balance in your trading account, at any stage during the week, hits or falls below the Weekly loss limit, well that’s a breach of limits and you’ll need to reset the account.

The weekly loss limit includes:

  • All open positions
  • All closed positions

For the current trading week.

That means if during an open trade you hit or go over the weekly loss limit you will have broken the limits and you’ll need to reset the account.

To monitor your equity balance look at the ‘Equity Balance’ in the Terminal window on your MT4.

There are 2 features to the Weekly Loss Limit:

  1. It is reset every week at the start of trading on Monday
  2. It remains static all week.

If you Breach the weekly loss limit you can reset your account for a $199 fee at any time.

What happens to my Weekly Loss Limit if I make money early in the week?

What happens to your Weekly Loss Limit if you make money early in the week?

Nothing. It remains static from the level set on Monday.

What does 'Your Stop Loss orders cannot exceed your available limits' mean?

Your Stop Loss Orders, if they were hypothetically instantly triggered, must keep your account balance above your current available drawdown limits, whether that be the Weekly Loss Limit or the Trailing Maximum Loss limit. This is known as a ‘valid stop-loss’ order.

If your stop-loss orders on your open positions or pending orders are beyond your available limits (i.e. ‘Not Valid’) then your account is automatically in breach of the Rules as soon as you place the trades in the market.

Make sure you understand this rule because there is nothing worse than making money and then being told you have exceeded your available limits.

For Example: If you only have $1,000 available on your Maximum Drawdown Limit then opening a position with a stop-loss that would generate a $5,000 loss if hit, is not acceptable. It is ‘invalid’ and would be an immediate Breach of the Rules even if the open position is in profit!

If you have multiple positions, the cumulative sum of all stop-loss orders must not exceed your current available drawdown limits.

If you do not have a valid stop loss order attached to your open positions your practical assessment will be suspended immediately regardless if your position is in profit or loss and you will need to be reset to be eligible for Funding.

If you breach this rule with a Live T4TCapital Account, your account will be closed immediately, and your outstanding profits will be split according to the profit share.

Example of a Valid Stop Loss Order:

Let’s say you have a $2,000 drawdown limit available.

You open a 10 lot position on EURUSD with a 20 point stop loss. If the stop loss is hit the account will lose $2,000.

That’s right on the drawdown limit. That is OK.

Example of an Invalid Stop Loss Order with One Position:

Let’s say you have a $2,000 drawdown limit available.

You open a 10 lot position on EURUSD with a 25 point stop loss. If the stop loss is hit the account will lose $2,500.

That’s $500 more than the drawdown limit. This is a Breach!

Example of an Invalid Stop Loss Order with Multiple Position:

Let’s say you have a $2,000 drawdown limit available.

You have 4 open positions of 2.5 lots on EURUSD with a 30 point stop loss on each. Each stop-loss equates to a $750 loss if it is triggered.

If all stop-loss orders are hit the account will lose $3,000. (4 x $750 = $3,000)

That’s $1,000 more than the drawdown limit. This is a Breach!

As soon as our team identifies you have overexposed the account your practical assessment will be suspended immediately.

What does 'All positions must be closed by 7 pm GMT Friday' mean?

There’s nothing to be gained from having an open position whilst the markets are shut so you are not permitted to hold positions over the weekend.

You are not permitted to open a position prior to Sunday 9.00pm GMT/UTC.

All positions must be closed prior to Friday 7.00pm GMT/UTC.

The Daily updates from the T4T team will cease from Friday 20th December until Monday 6th January. There will also be limited IT support. But you can continue to trade throughout this period.

Note the Trading platform will be closed XMAS day and New Years Day.

You are permitted to trade at all other times except if T4T Management halts all trading due to ‘unforeseen highly volatility international events’. In this case, T4T management will notify you directly about the trading halt.

What are the Approved Currency Pairs & Instruments?

You are only permitted to trade forex currency pairs & instruments in the list below:

AUDUSD, AUDNZD, AUDJPY, AUDCAD, AUDCHF

NZDUSD, AUDNZD, NZDJPY, NZDCAD, NZDCHF

USDJPY, AUDJPY, NZDJPY, EURJPY, GBPYEN, CADYEN, CHFYEN

EURUSD, EURGBP, EURCHF, EURCAD, EURJPY, EURAUD, EURNZD, EURPLN, EURNOK, EURSEK

GBPUSD, EURGBP, GBPJPY, GBPCHF, GBPAUD, GBPNZD, GBPCAD

USDCHF, EURCHF, CHFJPY, CADCHF, GBPCHF, AUDCHF, NZDCHF

USDCAD, EURCAD, GBPCAD, AUDCAD, NZDCAD, CADCHF, CADJPY

USDCNH, USDMXN, USDNOK, USDPLN, USDSEK, USDSGD, USDTRY, USDZAR

XTIUSD, XBRUSD, XAUUSD, XAGUSD

DAXEUR, DOWUSD, SPXUSD, NDXUSD, STXEUR, FTSGBP, AUSUSD, JAPUSD

It is at Traders4Traders Inc discretion to add or remove currency pairs from this list.

When can I withdraw my profits and when do I get paid?

The process of withdrawing profits is flexible and totally in the trader’s hands. You can request a withdrawal at any stage through the month and the payment will be made on the first business day of the next month. The payouts will be sent back to you via wire transfer, PayPal or Crypto currencies, depending on how you signed up for the programme.

The trader can decide when and how much of their profits they’d like withdrawn each month, or if they’d like to roll them over to the next month.