Funded Trading
Frequently Asked Questions
T4TCapital™ Funded Trading Program
These are the most common questions asked over the last few years, we hope these help.
General
The only way to get a T4TCapital™ Trading Account is by successfully passing Step 1 the Practical Assessment. To pass the Practical Assessment you need to:
- Reach your accounts profit target without breaching the maximum drawdown limit.
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.
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.
No, you will be trading our accounts. T4TCapitalFM will provide the trading accounts (demo & live) for you to trade.
We use our own liquidity provider.
Practical Assessment Accounts
Traders have an unlimited time to hit the Profit target but will need to ‘extend’ every 6 months.
Traders have 6 months to hit the Profit target of the Practical Assessment Account. At the end of 6 months, if you have not hit the profit target your account will be disabled or you can choose to extend the time limit by an additional 6 months by paying the ‘extension fee’ ($100).
Tip
If you want to extend the time limit on your account simply contact our team and they will arrange the extension once you’ve paid the ‘extension fee’ of $100.
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.
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.
You can find out more about FX Blue Trade Copier here
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.
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.
When you signup for any of the Traders4Traders Forex Trading Courses, 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 profit you make in this account is paid straight back to you making this whole program Free of Charge!
After that, any profits are paid according to our current profit share schedule.
Billing
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.
No, we have many different levels you can start with including:
- $25,000
- $50,000
- $100,000 (most popular)
- $250,000
- $500,000
- $750,000
- $1,000,000
So you will never need more than one.
Yes, If you have purchased a practical assessment and have not traded the account then we are happy to provide a refund.
No, if you have traded the account then you will have used our services and a refund is not available.
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.
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.
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.
When you signup for any of the Traders4Traders Forex Trading Courses, 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 profit you make in this account is paid straight back to you making this whole program Free of Charge! Please read this article about withdrawals to learn more.
After that, any profits are paid according to our current profit share schedule.
Rules
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.
Every time you open a position or place a pending order in the market it must have a valid stop loss attached to it!
Why pending orders? Because the entry order could be triggered and with no stop loss attached that could result in the entire account being lost.
It means Your largest profit day must be below 40% of your total profits made.
We want profitable traders with consistent risk management, not one hit wonders that make a lot of money on one day and lose every other day. If there’s no plan going up then there’s definitely no plan going down!
It means your Maximum Position Risk on any one trade must not exceed 2% of your account balance & Total Open Risk at any one time must not exceed 3%.
Before a trader opens any position, they will have 3% of risk available. If the Maximum Loss Limit is within 3% then they will only have that smaller limit available.
Single Position Risk – If a trader opens a position that exceeds 2% risk of the account balance then the trade will be closed out immediately, and the trader is notified of the soft breach. They can continue to trade.
Total Open Risk – If the total open risk is above 3% it closes out the most recent position opened immediately, and the trader is notified of the soft breach. They can continue to trade.
Updating Available Risk – If a trader has 2 trades open with risk totally 3% and the positions are in profit, if they raise their stop loss orders to breakeven on both trades then they get 3% of additional ‘Available Risk’ to trade with.
Limits
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 2 important features to the Maximum Loss Limit:
- It continuously trails the High Water Mark of your account.
- It stops at the start account balance