Breaching these account limits will result in closure of trader’s account and a reset will be required to qualify for a live account.
8.0% Maximum Trailing Drawdown
Traders may not incur losses exceeding 8.0%, on a trailing basis. Once a trader has reached 8.0% profits in their account, the trailing drawdown remains static at their starting balance.
5.0% Daily Drawdown
Your daily loss should not exceed 5.0% of your account equity. The daily drawdown limit is reset at 5pm New York time. A breach of this limit will require an account reset.
ONE EASY-TO-FOLLOW TRADING RULE
No long list of confusing rules to follow!
Stop Loss Required
A Stop Loss is required for every open position. If there is no stop loss the positon will be closed out.
Weekend Trading Allowed
Traders can keep positions open over the weekend. Beware of wider spreads on the Monday Open!
Hit the profit target and pass our consistency rule and your LIVE!
Profit Target 10%
The evaluation is 1 step only. You are required to hit a profit target of 10% of your account size (no time limit).
A trader must trade for a minimum of 5 days & their largest profit day must be below 50% of your total profits made.
Frequently Asked Questions for the Funding Evaluation (Demo Evaluation)
No, this goes against everything we promote as one of the highest paying prop trading firms, we want long term consistent traders .
We do not want to encourage you to over trade and over leverage. Take your time we’ve removed the pressure.
There is no time limit to pass the evaluation.
We are looking for consistent, responsible risk managers. Putting a time constraint on traders encourages over-leveraging and over trading.
Take your time and you will get through easily.
Yes. On successful completion of the Evaluation Phase you will be rewarded with a 10% bonus of the profits you made.
This Evaluation bonus will be available for withdraw when your live account is in profit at least 5.0%
Yes it is.
To enable us to assess your ability in a risk free environment, as a remote prop trading firm we use a demo account without risk.
The Trading Demo Account (Funding Evaluation) performs in the same way as the live account, so when you start trading with real money you will not notice any difference.
All trading methodologies are accepted except for the Martingale Trading Strategy (see below).
It is strictly prohibited to use ‘Martingale Trading Strategies’, or any variation thereof. All traders must refrain from employing such strategies, as they are considered gambling & pose significant risks to our prop trading firms capital. If it is discovered that a trader is utilizing this strategy or variation thereof, their accounts will be promptly terminated.
At our Prop Trading Firm, ‘Yes’ you can.
You are responsible for their operation and to ensure they adhere to the rules.
A malfunctioning EA, bot or algo is not an excuse for breaching the rules of our Prop Trading Firm.
This controls the maximum exposure at our Prop Trading Firm.
In the unlikely event of breaching the rules of our Prop Trading Firm you can reset the account back to the start account balance.
You will need to pay the appropriate fee according to your account size you are trading.
You may also reset your account at anytime you wish if you want to start from scratch again.
Yes our prop trading firm does.
You can notify us by chat (bottom right) or by email, although we will have seen you have achieved the 10% profit target.
Once you have hit the 10% profit target for the Funding Evaluation the audit team will go through and double check your biggest day profit does not exceed 50% of your total profits made. If all is in order you will be sent the ‘Traders e-Agreement’.
Once we receive the signed e-Agreement back your Live Account will be set up within 1 business day.
To learn more see the Live Account Trading Rules
No, we are a Prop Trading Firm and you are trading our accounts.
We have our own Liquidity Provider and you will be provided with the account details to trade.
How long is a piece of string. This depends on your ability to chose the correct trades and of course if the market is behaving itself and has good volatility.
The total number of Evaluation and Live Funded Accounts per user is as follows:
Users can have as many $50K & $100K Evaluation accounts as they like but they are limited to an initial $200K of live funding capital. The users verified accounts will be merged into one trading account. They can then scale up that consolidated account higher following our live account scaling program.
Example 1, if a trader has 2 x $50K evaluations and they are verified as passing the Evaluation, then the trader will be provided with 1 x $100K live account.
Example 2, if a trader has 3 x $100K Evaluations and they are verified as passing the Evaluation, then the trader will be limited to $200K of live funding capital & they will be provided with 1 x $200K live account. The extra $100K account will be parked and can only be used if the user breaches the limits on their new live consolidated account.
Users are limited to one $200K, $400K, $800K or $1M Evaluation account, unless approved by Traders4Traders management. The $200K, $400K and $800K accounts can all be scaled up to $1M.
1Users with multiple Evaluation accounts cannot transfer or combine performance, data, parameters, or other information between accounts.
For example, a trader has 2 x $100K evaluations and both accounts are in profit $4,000. They cannot merge the profit of both accounts to hit the $8,000 profit target.
Users in Traders4Traders ‘High Performance Trader Mentoring’ Program can have as many evaluation accounts as they like but they are limited to a maximum of $2M live funding. The verified accounts will be merged with a maximum of 1 x $2M account.
We reserve the right to cancel evaluation accounts and/or withhold funding on accounts that pass the assessment if a trader is found to have multiple funded accounts with multiple email addresses.
If a trader is found to have signed up to multiple assessment accounts with multiple email addresses via the one IP address, then those accounts will be forfeited & the fees will not be refunded.
Note for Payouts: The bank account must be in the trader’s name. If you’ve signed up for evaluation with a ‘dodgy email/name’ then this could be a problem for you!
Yes. If you have bought a Funding Evaluation and have changed your mind we will refund your fee straightaway without question.
There is no refund if:
- You have started trading the account.
- You have breached the rules and failed the assessment.
Reset Fees are not refundable.
Yes – you can.
You are responsible for their operation and to ensure they adhere to the rules.
A malfunctioning EA, bot or Algo is not an excuse for breaching the rules.
You have an unlimited amount of time to hit the profit target.
But if the trader has been inactive for 30 days, Traders4Traders reserves the right to close the account with no refund. This is to re-allocate resources and to ensure our trade servers and our dashboard are running at optimal performance.
Yes we do.
A Prop Trading Firm (short for proprietary trading firm) is a financial institution that trades financial instruments, such as stocks, futures, options, and currencies, with its own money rather than on behalf of clients.
Some of the highest paying Prop Trading Firms use their own capital to speculate on price movements and generate profits for their own account.
These firms typically employ professional traders who use sophisticated trading strategies, such as algorithmic trading, to generate profits.
These Prop Trading Firm traders are often highly skilled and may have backgrounds in mathematics, computer science, or engineering.
They may also use proprietary trading software and other advanced tools to execute trades and manage risk.
These Prop Trading Firms can be independent or affiliated with a larger financial institution, such as a bank or hedge fund.
They may trade in a variety of markets, including equities, commodities, fixed income, and foreign exchange.
Theys may also engage in arbitrage and other forms of market making, where they provide liquidity to the market by buying and selling securities.
Overall, prop trading firms play an important role in the financial markets by providing liquidity, managing risk, and generating profits through trading activities.