Click the question below to reveal the answer.
|+ If I pass The Fully Funded Path do I require a Bond?
No, you will NOT be required to send a bond if you pass The Fully Funded Path and are accepted.
|+ Why are you offering The Fully Funded Path?
We wanted to give up and coming traders an opportunity to learn HOW to succeed in a safe and controlled environment. With this program, we have provided an affordable way for new traders to trade with absolute transparency and certainty. Conditions are as they would be in a live environment. Traders can map their performance using our reporting system to learn and fully understand what it takes to trade without investing and potentially losing a large sum of capital while they are in this transition stage. This is very valuable to new and upcoming traders.
We also wanted to give undercapitalized yet profitable retail traders an opportunity to increase their earnings. These traders are used to trading conservatively at a brokerage where they are slowly building buying power by constantly reinvesting their profits. The Fully Funded Path program gives these experienced traders the ability to perfect their existing strategy without risking their precious capital. Once the trader graduates, they can capitalize on the scalability of a funded account instantly and take their career to new heights by earning monthly payouts while working remotely.
As you can see the Fully Funded Path program was created for the growing trader with accuracy and affordability in mind. The better the trader preforms the more capital we extend. The end result is steady income as a professional trader, at a reputable firm.
Therefore to assist all of these traders above and give them the best opportunity possible we have developed The Fully Funded Program!
|+ Is there a time restriction?
There is NO Time Restriction and all balances are carried over to the next month.
|+ Is there a minimum amount of trades?
Yes, the whole purpose of the Fully Funded Path is to give us enough data to enable us to see what level of trader you are. We don't want to be in a situation where 1 trade enables you to hit the target.
We want to ensure there is enough data to clearly show you can trade and more importantly manage risk. Therefore we ask that you trade for a minimum of 20 working days with 100 round trips. We also cap any profits at $400 per day, if you have a clear trading edge this will be clearly shown over the data set.
|+ Can I short when SSR is on?
Sadly not, the software mirrors the real market enviroment except SSR. Therefore trades we see where your shorting a red candle when SSR is on won't be counted as you will not be able to replicate this live.
|+ How are hard to borrow & commission costs calculated?
You will access to stocks as ETB, we will calculate the HTB borrow costs if and when you near the completion of the challenge. We will also add a nominal $0.99 per trade to simulate a commission cost. We may make some not avaliable to short if that reflects the real enviroment. We will also add ECN fees to simulate the real life cost. This will be at a fair value of 0.003 per share.
|+ What is classed as economic news?
We simply don’t want traders taking direction risk into either economic announcements/news or data releases. Once the data has been announced you’re free to trade. When we say this we mean something like a FOMC announcement and your trading a VIX related instrument.
|+ When am I charged the monthly fee?
You are charged when you sign up and then 30 days later as a subscription via PayPal. However, the Fully Funded Path is charged per calander month, this means your charged for the whole month from the 1st irrespective of the date you activate. This is due to the way we are charged by the exchanges etc. Therefore its best to start on the first of the month to get the most out of your subscription.
If you require to cancel the account, you MUST advise the support team before the end of the month AND before your payment is taken. You should also log in to PayPal and cancel any subscription to ensure you are not charged for the following month. Payments are done by PayPal on a 30 day cycle as explained in the email you received from PayPal on signing up. We do not issue refunds after payment is made.
Please Note: We have a no return policy at TraderEquity, once the account is closed we won't allow you back to trade with us.
|+ Can I have less buying power & pay less?
We are a professional proprietary trading firm, all traders are trading our capital. Everything is relative so having more BP or Risk won't change anything. If you can trade you should be able to easily achieve it with the BP. The Software and Data fees apply regardless of the amount of capital you are trading.
|+ What size live account do I get once I pass & can I scale?
Once you've completed The Fully Funded Path and proven yourself as a profitable trader, we will then start you off in the live account with the same risk settings! You then are required to get to the same profit target live before we pay you out. This ensures there is a buffer for you to scale from.
We monitor our traders very closely and are happy to provide more capital when appropriate. If however, the trader reaches the max drawdown, as discussed in the agreement, the trader will be advised to go back to The Fully Funded Path program until they can once again, prove profitability. We understand that trading is an ongoing learning experience. We work closely with our traders to ensure success. Sometimes it takes more practice and perseverance than expected.
Our goal is to scale you up as large as possible based on your performance.
|+ What happens if I break a rule like the Max Loss?
Whilst there is some flexibility in the rules, we want this to be as similar to live as possible. If you break the $200 Max Daily Loss we ask that you close all posistions down before $220 doing this and you will retain your progress. If however you breach the $250 you won't be able to close any positions and you will be reset for free the next trading day.
No, we are a Direct Market Access (DMA) firm and this is something not set by us but the exchanges. If you trade odd lots without premission these won't be counted.
You can read about Odd Lot Theory here: Click Here
|+ How long does it take to get setup?
It can take up to 24 hours to get setup from the time you sign up.
Once your account is enabled, you will have a chance to use the software until comfortable. When happy you can then request to start the Fully Funded Path.
|+ What Platform do you use?
We use either Sterling Trader Pro or our Web Based Platform.
For more information about our Web Platform Click Here.
For Sterling Trader Pro information Click Here.
(Please Note: KYC/AML will be required straight away to setup Sterling Trader Pro, it will also require 24-48 hours to establish)
|+ Is there anything else I need to know?
No one single trade can make up more than 10% of your profit target. If you achieve the profit target before the set number of days and round trips you must actively trade on the days remaining.
We will deduct ECN & any HTB (Hard To Borrows) costs when you are near the profit target to ensure you have enough of an edge to beat the overheads.
We do not allow pre or post market trading due to the high risk from potentially low liquidity which makes it impossible to scale or manage risk correctly.