Funding Traders Terms of Use
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Agreement Overview
Who is Involved?
The Funding Traders Terms of Use represent an agreement between you (the “user” or “trader”) and Funding Traders. Funding Traders is a proprietary trading firm that offers evaluation programs for individuals looking to trade with funded accounts. By agreeing to these terms, you are acknowledging that you understand and accept the rules of participation.
- Entities:
- MCF Group FZCO and RSRD Limited are responsible for operating the Funding Traders evaluation programs. These entities are based in Dubai and Hong Kong respectively.
- MCF Group FZCO and RSRD Limited are responsible for operating the Funding Traders evaluation programs. These entities are based in Dubai and Hong Kong respectively.
Legal Relationship
The legal relationship between Funding Traders and its users is that of an independent contractor. Users are not employees of Funding Traders, and therefore, they are not entitled to employee benefits. Traders are compensated on a performance basis, and all funds are paid based on the profits generated through the platform’s funded accounts.
Trading Restrictions
While participating in the evaluation or funded trading programs, traders are required to follow specific rules:
- Prohibited Strategies: High-frequency trading, arbitrage, martingale, and grid trading strategies are not allowed.
- Risk Management: Traders are expected to adhere to the risk limits set by the platform. For example, a trader cannot risk more than 2% on a single trade idea.
- Platform Usage: Only approved trading strategies and platforms are allowed. Use of Expert Advisors (EAs) is permitted only under certain conditions, and traders must ensure they are using the platform appropriately.
Profit Sharing
One of the main benefits of succeeding in the Funding Traders Terms of Use is the profit-sharing model. Traders are able to retain a significant portion of the profits generated through their trading activities. The profit-sharing structure is as follows:
Payout Level | Profit Split |
First Payout | 70% |
Second Payout | 80% |
Third Payout | 90% |
Fourth Payout and Beyond | 100% |
The more consistently a trader demonstrates profitability, the higher their profit split becomes. This incentivizes long-term, sustainable trading and encourages traders to prove their ability over time.
Withdrawal Policies
Traders who have successfully met the terms of their evaluation and are approved for funded trading accounts are eligible to request withdrawals. The withdrawal policy is designed to ensure that all traders have access to their profits, provided they meet certain requirements.
- KYC Verification: Traders must complete the Know Your Customer (KYC) process before requesting any payouts.
- Minimum Withdrawal Amount: The minimum withdrawal amount for Rise Pay is $200, and for cryptocurrency, it is $50.
- Payout Frequency: Traders can request weekly or bi-weekly payouts, depending on their preference and the payout option selected.
Termination of Agreement
Funding Traders reserves the right to terminate the agreement with a trader if they fail to adhere to the Funding Traders Terms of Use. This includes violating trading rules, engaging in prohibited practices, or failing to maintain the minimum performance requirements.
Traders are also able to terminate their agreement with Funding Traders at any time, provided they notify the company in writing. Upon termination, traders may be required to return any funds or profits that were withdrawn improperly or in violation of the terms.
Legal Disclaimers
The Funding Traders Terms of Use include standard legal disclaimers regarding liability, performance guarantees, and the risks associated with trading. The platform does not guarantee profits, and traders acknowledge that all trading activities are inherently risky. By participating in the evaluation or funded accounts, traders accept these risks.
Conclusion
The Funding Traders Terms of Use serve as the foundation for the platform’s operations, ensuring a fair and transparent environment for both traders and the platform. By adhering to the outlined rules and guidelines, traders can navigate the evaluation process, achieve funded status, and enjoy the benefits of a robust profit-sharing model. Understanding these terms is essential for anyone wishing to participate in the Funding Traders programs, as it sets the expectations for both the platform and the traders.
FAQ:
The maximum drawdown for a trader in the evaluation process is 5% of the account balance for 1-Step Evaluation and 10% for the 2-Step Evaluation.
Yes, Funding Traders prohibits high-frequency trading, arbitrage, martingale, and grid strategies.
EAs can be used during the evaluation, but they must be approved by Funding Traders, and they cannot violate the trading strategy rules set out by the platform.
Traders can request payouts weekly or bi-weekly, depending on their chosen payout schedule.
If a trader exceeds the drawdown limits specified in the Funding Traders Terms of Use, they will fail the evaluation, and the account may be terminated.