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Account Specific Questions
All Simulated Evaluation accounts have the following leverage:
1:100 Leverage for Forex
1:30 Leverage for Metals and Indices
1:2 Leverage for Cryptocurrencies
Yes.
The maximum allowable number of lots at any given time is 20 lots.
TradersEdgeFX allows a maximum capital allocation of $400,000 in simulated funds to practice honing your edge.
KYC stands for Know Your Client and is a mandatory process for verifying your identity.
It is required to complete the process before being issued a simulated account.
Yes, ALL traders MUST go through our verification process.
You must go through a verification process via your dashboard before purchasing an account. During this verification, you will need to provide proof of residence and a valid picture ID that is accepted by Veriff. You will also be required to take a picture of yourself.
The verification process allows TradersEdgeFX to confirm that the account is truly used and operated by the existing person and that we Know Our Customers.
The entire process takes under 5 minutes to complete.
*** Please note that Riseworks.io, our payment provider, requires its own verification process. Failure to pass KYC verification will result in denial of payment. ***
A trading day spans from 6 pm to 5:59 pm the following day.
**** Please note that times are EST. ****
At TradersEdgeFX we allow long-term inactivity. You MUST send a request to support if you would like to stay inactive for an extended period.
If a request is NOT sent to support and your account remains inactive for 30 days, it will be considered a violation, and the simulated account will be breached.
TradersEdgeFX adheres to OFAC guidelines.
Our services are not extended to clients in specific regions, as determined by our risk management policies. This representation is contingent upon internal business determinations and may be revised at any time in response to evolving legal and regulatory mandates.
Currently, we do NOT accept clients from the following countries: Afghanistan, Belarus, Bosnia and Herzegovina, Burundi, Cambodia, Central Africa Republic, Cuba, Democratic Republic of Congo, Ethiopia, Eritrea, Guinea Bissau, Guinea, Iran, Iraq, Kosovo, Lebanon, Liberia, Libya, Malaysia, Mali, Myanmar, Nicaragua, North Korea, North Macedonia, Oman, Papua New Guinea, Republic of Congo, Russia, Serbia, Somalia, South Sudan, Sudan, Syria, Tajikistan, Ukraine (Regions – Crimea, Donetsk, Luhansk), Vanuatu, Venezuela, Vietnam, Yemen, and Zimbabwe.
You can request a refund if you have not placed a trade on your simulated trading account within 7 days of purchase.
We accept payments by credit/debit card and cryptocurrency.
When making a payment via Cryptocurrency, please make sure to check for the correct network for every currency before making the transaction.
TradersEdgeFX uses Riseworks.io payments and compliance for payouts. Riseworks.io allows you to have the convenience of requesting withdrawals from your dashboard directly to your bank account or blockchain wallet.
Please make sure your email on Riseworks.io matches the email you have with TradersEdgeFX.com to avoid any issues with payouts.
The minimum required withdrawal is $100 USD.
For tax purposes, All US traders must withdraw via Riseworks.io.
*** Please note that Riseworks.io performs KYC during the client onboarding process. Failure to pass KYC verification will result in denial of payment. ***
Your profit split will be 90%.
There is a 6% Profit Cap during the first 3 months (6 payouts) of simulated trading.
Example :
If you have a $100,000 simulated account and achieve a 10% profit during the payout period, you will receive 90% of 6% of the initial balance ($100,000), resulting in a payment of $5,400.
The remainder of the simulated profits will NOT be retained.
This measure ensures timely payouts and allows TradersEdgeFX the opportunity to collect trade history for comprehensive performance analysis, enabling us to evaluate past trades accurately. This data-driven approach will allow TEFX to identify and select strategies that align with the objectives and requirements of our corporate account. By leveraging historical data, we aim to enhance decision-making and optimize strategies.
TEFX applies a 50% profit consistency rule. This means that upon requesting a payout withdrawal, no single trading day can contribute more than 50% of your total withdrawal profit.
For example: If at the end of 30 days, your account has a total profit of $10,000, then no single trading day, within the current trading period, can account for more than 50% of $10,000, which is $5,000.
*** A trading day spans from 6 pm to 5:59 pm the following day. All times are EST. ***
Upon submission of a withdrawal request, your account will undergo a review to ensure compliance with the 50% consistency rule throughout the current trading period. Should any trading day breach this rule, the current payout request will be considered invalid and denied.
Please be aware that you can still trade and request a payout in the next payout cycle.
If a trade is held for 72 hours or longer, the profit will be divided by the number of days it has been held.
Upon reaching the TEFX Trader Stage, you have the opportunity to receive real rewards based on your performance, with the option to withdraw on a bi-weekly schedule.
*** Please note that you must trade for a minimum of 5 days. ***
No. Once you are assigned a password you may NOT change it.
We do not allow users to change their password. Any attempt to change or update your password will result in an automatic breach.
You will receive instructions for accessing the MT4 or MT5 platform via email, and it will also be available for download from your personal account settings.
Forex, Indices, Crypto, and Metals.
Yes, you can use Trade Copiers, Risk Management Tools, and any 3rd party EA as long as they are NOT used in the following ways:
Copy trading of other persons’ signals and/or Account Management
Tick scalping.
Latency arbitrage trading.
Reverse arbitrage trading.
Hedge arbitrage trading.
Any use of emulators.
Using the same strategy and/or set files of another party.
HFT Bots are NOT permitted.
Martingale Bots are NOT permitted.
Yes, you can copy trade between YOUR accounts.
Copying trades from ANOTHER account is NOT permitted. If requested, you must provide documentation, such as third-party screenshots, to verify that you are the sole owner of the other account.
Yes, you may trade during news events.
However, please be aware that News events can cause sudden and unpredictable price movements. Avoiding this volatility is a way to strengthen your Risk Management practices. Being mindful of these events allows you to make more informed decisions, minimize potential losses, and promotes strong Risk Management.
The following are considered major News Events
ADP Non-Farm Employment Change Report
BOE Interest Rate Decision
Core Personal Consumption
Consumer Price Index (PPI) Report
ECB Interest Rate Decision
Expenditures (PCE) Price Index m/m Report
Fed Interest Rate Decision
Gross Domestic Product (GDP) q/q Report
ISM Manufacturing PMI Report
ISM Services PMI Report
Non-Farm Payroll (NFP) Report
Retail Sales Report
Producer Price Index (PPI) Report
University of Michigan Consumer Sentiment (MCSI) Report
After trading for three months, with two of the three months yielding an overall total profit of 12% in the simulated environment, you are eligible for a one-time scale of $200,000 in simulated funds.
No. To utilize the Daily Drawdown Add-On, it must be purchased at the time of purchasing the evaluation.
Account Specific Questions - HFT
1 Step Challenge Rules
- High Frequency Trading (HFT) is allowed, but ONLY during the evaluation stage.
- EAs - are permitted in the challenge stage.
- Profit Target 1st phase - 10%
- Minimum trading days - 0 trading days
- Maximum daily drawdown - 5%
- Maximum total drawdown - 10%
- Account leverage - 1:30
- Profit split - Scaling up to 80/20
- Copy trading - Copy trading or the use of trade copier software is permitted between personal accounts where both accounts are in your name. Copy trading from 3rd party IP addresses is strictly prohibited.
- Hedging between accounts - Is NOT allowed.
- Weekend holding - Is NOT allowed.
- Trading High-impact news is allowed.
No. While we don't impose a minimum trade duration, we DO NOT endorse scalping strategies that involve rapid trade entries and exits within seconds. For instance:
Tick trading is a trading strategy that aims to capitalize on small price movements in the market by executing a large number of trades within a brief period. Typically, tick charts are used to identify these price changes. The strategy involves opening and closing positions quickly to generate a small profit on each trade. However, due to the high risks associated with this approach, tick trading is not permitted.
Yes, you can use Trade Copiers, Risk Management Tools, and any 3rd party EA as long as they are NOT used in the following ways:
Copy trading of other persons’ signals and/or Account Management
Tick scalping
Latency arbitrage trading
Reverse arbitrage trading
Hedge arbitrage trading
And/or any use of emulators
Using the same strategy and/or set files of other party
HFT Bots are NOT permitted on live accounts.
Martingale Bots are NOT permitted.
The Minimum Withdrawal for TEFX Stage 3 accounts is $150.00 USD.
TEFX applies a 50% profit consistency rule. This means that upon requesting a payout withdrawal, no single trading day can contribute more than 50% of your total withdrawable profit.
For example: If at the end of 30 days, your account has a total profit of $10,000, then no single trading day can account for more than 50% of $10,000, which is $5,000.
*** A trading day spans from 6 pm to 5:59 pm the following day. All times are EST. ***
Upon submission of a withdrawal request, your account will undergo a review to ensure compliance with the 50% consistency rule throughout the current trading period. Should any trading day breach this rule, the current payout request will be considered invalid and denied.
Please be aware that you can still trade and request a payout in the next payout cycle.
If a trade is held for 72 hours or longer, the profit will be divided by the number of days it has been held.
The lot size consistency rule is applied once a payout withdrawal request has been submitted, to ensure consistency within your trading.
TEFX calculates your maximum lot size by multiplying your smallest lot size traded by 300%. You may NOT exceed the maximum limit.
Failure to comply with the Lot Size Consistency Rule will result in a breach of your account.
Once a payout withdrawal request is submitted any trades breaching this rule will be considered a denial of payment.
Note 1: Trades are aggregated when placed within a 30 second window into one position for both profit and lot consistency.
Note 2: Lot Size Consistency Calculation - If the smallest lot size you trade is 1, 1 x 300% = 3 lot maximum. If the smallest lot size you trade is 5, 5 x 300% = 15 lot maximum.
Month 1 - 65% profit split with a 6% profit cap on account.
Month 2 - 75% profit split with a 6% profit cap on account.
Month 3 - 80% profit split with a 6% profit cap on account.
Month 4 - 80% profit split with a Zero profit cap.
There is a 6% profit Cap for the first 3 months.
The first month you receive 65%, 2nd Month 75%, and 3rd month 80% profit split of the 6% profit cap.
For example, the 6% profit cap for a 100K account would be $6,000. Month 1 you would receive 65% of $6,000 which would be $3,900.00.
Weekend Holding is NOT permitted on TEFX Stage 3 accounts.
The requirement is to have a minimum of 10 trading days per month.
2-STEP SIMULATED EVALUATION
Congratulations on passing Phase-1.
To reach the verification phase please do the following:
Go to your Dashboard.
Click My Challenges.
Select the Challenge you have just Passed.
At the bottom of the screen agree to Terms and Conditions and rights for withdrawal.
Phase -2 Credentials will be sent to the email on file.
Yes, hedging is allowed.
Hedging through multiple accounts is strictly prohibited as it fails to demonstrate a legitimate trading strategy. For instance, if you possess two accounts, you can NOT execute hedging transactions between them.
If you breach one of the objectives during the simulated evaluation phase, the account will be considered violated and breached.
At TradersEdgeFX we do not set a limit on the time you take to pass the simulated challenge.
No, you are not required to use a Take Profit or Stop Loss.
Daily Drawdown is based on the daily rollover Equity. Your equity cannot go below 6% of that balance.
Example 1
Daily Rollover takes place and you are at $100,000 in simulated funds with no open trades. Your equity cannot reach $94,000 on that day.
Example 2
Daily Rollover takes place and you have a $100,000 balance and 2 trades open with a profit of $1,000. Your rollover equity would be $101,000. This means that your account equity can NOT reach $95,000 which is 6% of the initial balance.
Overall Drawdown is based on 12% of the initial balance.
Your equity level can NOT reach 12% of the initial balance or the simulated account will be breached.
Example
For a $100,000 simulated trading account, the equity may NOT reach -$12,000 or $88,000. If the equity in the account breaches this mark the account is violated.
The simulated evaluation begins as soon as the first simulated trade is executed.
Yes, you may hold simulated executed trades over the weekend.
Daily Loss Limit is calculated using the previous day’s end-of-day equity.
The daily loss limit resets at 6 PM EST every day.
For example, if your prior day’s end balance was $100,000, your account would breach when your equity reached $95,000 that day.
Additionally, TEFX determines the daily stop out level based on a percentage rather than a fixed dollar amount, the more virtual funds in your account, the broader your daily stop loss extends.
For example, if you start with a $100,000 balance and grow the account to $110,000, your daily stop-out level goes from $5,000 to $5,500.
You purchase a $100,000 simulated trading account. Your equity cannot reach -$12,000 or $88,000 of the account equity breaches that mark the account as violated.