FAQ

On this page you will find some of the most Frequently Asked Questions about the Funding Program.

Please check back regularly to check for updates as additional answers will be posted here for the benefit and understanding of interested traders

The Funding Program - High Level Overview


Funding Program Levels

How many funding programs do you have? 

Answer:  We have two programs the live $25k program and the live $50 k program 

Multiple Funding Programs

I would like to run more than one Funding program is this possible ?

Answer: We only allow one account per trader at a time.

Program Start Date

When does the program start?

Answer: As soon as we receive your details, photo id and proof of address and set you up you program will start. The setup will take a couple of hours. 

Can I skip the fee?

Can I skip the fee if I am profitable?

Answer:Most traders are unproven to us so there has to be a fee. If you have consistent results already then please contact us we are always looking for talented traders who understand risk control and who are profitable.

Live Funds

How soon are the Live Funds credited?

Answer; Live funds are credited the same day your account is set up.

Subscription Period

When does the subscription start and stop

Answer: The subscription starts the day you pay and will last for one calendar month

Subscription v One Off Payment

Why don't you charge a one off payment?

Answer: Most traders take at least one month to qualify  and get to +5% (fastest was 3 days so far, it took just one trader!!!) and the one off payment charged by other companies becomes a multiple payment by the time the trader completes the trading task as such charges have a time limit.

I am already profitable

Is there a fast track for profitable traders? 

Answer: Please send us your trading slips and normally you will be able to start directly in live without the demo evaluation.

Trading Account Growth and Cash Out 

Here are some of the most Frequently Asked Questions about the Account Growth and Cash out

Account Growth

By how much do I need to increase my account in order to qualify for an account doubling when trading the $50k account?

Answer: Increase your account by +10% and we will double it

Cash Out

Please describe the cash out rules?

Answer: Increase your account by +5% and you will be able to cash out your share of the +5% increase.

Account Growth +10%

Does the +10% increase in account for account doubling apply to all level of funding accounts?

Answer: Yes, what ever the funding amount, increase your account by +10% and we will double it.

Profit Share

What is your profit share amount?

Answer: You will receive 50% of any profit share amount based on an increase of +5% of your funding amount.

Leverage

What level is the leverage set to?

Answer: 3 to 1

Margin Level

What margin level is the margin set by the broker?

Answer: Margin level is set to 100% or 120% within the MT4 platform by the broker.

Automated Trading

May I use an EA on my trading account.

Answer: No EA's are allowed in the program

Scripts and Trade Managers

May I use a script or trade manager on my account?

Answer: No Scripts or Trade Managers are allowed.

Trading Indices

May I trade indices?

Answer: No -  our funding operates on FX  and the following combinations as follows: EUR,USD,CAD,GBP,JPY,NZD,GBP, AUD, CHF, XAU

Weekend Trading

May I hold trades over the weekend?

Answer: No -  ALL TRADES MUST BE CLOSED BY FRIDAY 19:00 UK TIME and this rule must be stringently respected.

Trading Rules - High Level

Here are some of the most Frequently Asked Questions about the Trading Rules

Start Time

What time can we start trading?

Answer: Trading starts on a  Monday at 6:30AM UK time(please make sure you understand what time this is in your local time zone)

Overnight Trading

Do you allow overnight trading ?

Answer: No trading is allowed overnight. You may hold positions with stops and targets in place.

Stop Time

What time does trading stop ?

Answer: All positions must be closed by 7PM UK time on a Friday(please make sure you understand what time this is in your local time zone).

Instruments

What instruments can we trade?

Answer: Any combination of, EUR,USD,GBPUSD,JPY,AUD,CHF,CAD,CHF,XAU

Leverage

What level is the leverage set to?

Answer: 3 to 1

Margin Level

What margin level is the margin set by the broker?

Answer: Margin level is set to 100% or 120%  within the MT4 platform by the broker. As is normal in MT4 Margin calls will begin at 100% margin.

Automated Trading

May I use an EA on my trading account.

Answer: Automated trading is not allowed.

Scripts and Trade Managers

May I use a script or trade manager on my account?

Answer: Scripts and Trade Managers are not allowed in our standard and advanced programs.funding program

Trading Indices

May I trade indices?

Answer: No -  our funding operates on FX  and the following combinations as follows: EUR,USD,CAD,GBP,JPY,NZD,GBP, AUD, XAU

Weekend Trading

May I hold trades over the weekend?

Answer: No -  ALL TRADES MUST BE CLOSED BY FRIDAY 21:00 UK TIME and this rule must be stringently respected.

STOPS

Do I need to place a STOP on my trades?

Answer: YES - By not using a stop on your trades you are leaving the account wide open to huge and uncontrolled losses. Traders who do adhere to this rule will  be banned without warning.

Targets

Do I need to place a target for my trades.

Answer: Any trade held overnight MUST have a target in place. This is to protect the account from a huge market move which swings violently one way then the other. Traders who leave positions overnight without targets will be banned without warning.

Leverage

Here are some of the most Frequently Asked Questions about the Leverage

Leverage Level

What leverage may I use?

Answer: Leverage is set to 3 to 1. We follow institutional levels of leverage usage, this is for the ability to correctly manage the risk on your account.

Leverage limits

3 to 1 leverage is too low for me can I increase it ?

Answer: No, the leverage is set for everyone and the 3 to 1 level is there to instill discipline in our traders. Many traders report back that they enjoy the 3 to 1 level as this allows them more 'considered' trading and limits the upside down 'helta skelter' seat of the pants style of trading so often associated with retail traders.

FX does not move I need more leverage

FX is slow can I increase the leverage somehow?

Answer: No, we have noted than many traders do not have a trading system with an edge, and this is an essential if you are to make it as a trader. Simply by increasing the leverage will do nothing to improve your trading, other than allowing you to hit a profit target by luck as an over leveraged trade comes good for once.

Leverage and Trade Style

What is the best trading style to take advantage of the leverage level? 

Answer: Intra day swing to overnight swing is a great way to trade, aiming for 40 to 60 pips during the day or 80 to 140 overnight for trades held for a day or so. If you are trading 1 lot and book a 40 pip profit trade then this represents a $400 profit for your account. So with leverage of 3 1 it is easy to increase your account with such swing trades.

Subscriptions versus one off payment

Here are some of the most Frequently Asked Questions about the subscriptions

Subscription v one off payment?

Why do run a subscription service as opposed to a one off payment?

Answer: The one off payment charged by many other trader funding companies, is a false promise; this is because it takes a trader a month or two to get to the profit 5% target.  Therefore the one payment becomes a subscription service per se as the trader needs to renew his one off payment.

Subscription service workings

How does the subscription service work?

Answer: The subscription service is a monthly payment that the trader pays until either he stops his subscription or reaches the $1 million trading target.

Subscription amount  payable

What subscription amount is payable and until what level. of funding should this be paid?

Answer: The amount the trader pays for his funding program is shown against the program details. Currently the fees are £265 per month with a free month once into live for the $50k account and £175 for a live $25k account.

Subscription amount following account increase

What is the subscription amount the trader pays when he increases his account by 10% and the account is doubled? 

Answer: At each point of account doubling the trader will maintain the original subscription amount paid when he first became funded.

Pause Your Subscription

Can I pause my subscription?

Answer: A subscription may be paused on the day it comes up for renewal. There is no possibility to pause a subscription mid way through the month or to request a pro rata refund of a monthly subscription.

Pause duration

Can I pause for longer than one month?

Answer: Yes if you would like to pause for longer than one month then this is fine. All traders who pause for more than a calendar year will have their funding accounts closed.


Detailed Trading Rules 

Here are some of the most Frequently Asked Questions about the detailed trading rules

Start Stop time

What happens if I trade outside of the official trading hours?

Answer: Whilst everyone can make a mistake, we strongly advise you to properly monitor and track your trades. Multiple trades outside of the trading hours will result in the trader concerned being removed form the funding program without refund. The point is that during the funding program you are proving that you can be trusted to follow and adhere to a set of rules.

Instruments

What can't I trade indices?

Answer: In our experience whilst everyone know that some of the indices can and do move very fast, and this is enticing to traders, the reality is that most traders lose money on the indices and they lose it faster than with FX.

There are plenty of example of highly leveraged index traders who run up good profits only to give them all back because they just rode a momentum way and didn't really have a robust trading method.

Broker 

What broker do you use for the funding program?

Answer: We use a variety of brokers designated by the investors.

My broker

Can I use my own broker for the trader funding program? 

Answer: No the investors funds are held at a variety of brokers and the money provided comes from them, we use their brokers.

Pause Your Subscription

Can I pause my subscription?

Answer: A subscription may be paused on the day it comes up for renewal. There is no possibility to pause a subscription mid way through the month or to request a pro rata refund of a monthly subscription.

Pause duration

Can I pause for longer than one month?

Answer: Yes if you would like to pause for longer than one month then this is fine. All traders who pause for more than a calendar year will have their funding accounts closed.


Platform

Here are some of the most Frequently Asked Questions about the trading platform

Platform

What platform will the funded accounts be traded on?

Answer: We use MT4 desktop and IOS/Android app.

Windows/MAC

Does the broker support a MAC MT4 version?

Answer: No, best if you are a MAC user is get a cheap VPS and set up the MT4 desktop on the windows version on the VPS.

Broker 

What broker do you use for the funding program?

Answer: We use a variety of brokers a variety designated by our investors.

My broker

Can I use my own broker for the trader funding program? 

Answer: No,  the investors funds are held at a variety of brokers and the money provided comes from them and remains their property.

Contact

Here are some of the most Frequently Asked Questions about contact

Contact

How do I contact you?

Answer: Please see the contact form at the bottom of this page.

Platform Issues

Who do I contact if there is a platform issue?

Answer: When you subscribe you will receive an email to which you can send questions.

Contact when trading

What forms of contact with me will you use when I am trading?

Answer: We have a Telegram group for all funded traders where we will post important notices.

Urgent Questions

What if I have an urgent question? 

Answer: The email provided is monitored all the time during trading hours.

Trading Experience

Here are some of the most Frequently Asked Questions about trading experience

Newbie

What if I am a beginning trader?

Answer: You can join our weekly education classes to obtain information how to approach the market.

Platform Issues

Who do I contact if there is a platform issue?

Answer: When you subscribe you will receive an email to which you can send questions.

Contact when trading

What forms of contact with me will you use when I am trading?

Answer: We have a Telegram group for all funded traders where we will post important notices.

Urgent Questions

What if I have an urgent question. 

Answer: The email provided is monitored all the time during trading hours.

Broker

Here are some of the most Frequently Asked Questions about the broker

Choice of broker

Which broker do you use?

Answer: This depends on our investors, who trade with a variety of brokers. As the money belongs to the investors, we trade with brokers designated by them.

Broker Change

Will I always trade with the same broker?

Answer: The brokers used for the funding program are designated by the investors and we reserve the right to move traders to a new broker if necessary, this would only be at subscription renewal.

Broker spread 

What is the broker spread?

Answer: The spread will depend on the broker and will be the standard charged in the industry. Around 1.2 pips E/U

Swap

Will the broker pay and charge swap?

Answer: The broker concerned may charge and pay swap and this will depend on the account style operated at the broker.

Rule Breaks

Here are some of the most Frequently Asked Questions about rule breaks

Rule Break

What happens if I break one of the trading rules?

Answer: All rule breaks and breaches are treated in the same way, the trader funding account will be closed without refund of the traders subscription.

New Rules

What if you introduce new rules that I am not aware of?

Answer: In the case where we need to introduce one or more rules, all traders will be informed with plenty of lead time prior to the change.

Margin

What about Margin?

Answer: Margin Calls start at 100% Margin level as shown on the MT4 terminal at this point you will not be able to open more trades. Such a level shows your account is not very healthy and at least one trade will be automatically closed to bring the % back to above 100%

Most Frequent Breach

What are the most frequent breaches?

Answer: So far it has been not closing out over the weekend, trading out of hours and margin calls

Margin Stop Out

What about Margin Out?

Answer: Margin Stop Out level is 50%.

At this point all open trades will be closed.

Please do not allow your account to get to this situation.

Breach on Cash Out

What happens if I cash out and breach at the same time?

Answer: We will deduct one months subscription for each breach and you will be paid out the balance then banned from the program

Terms and Conditions

Here are the terms and conditions to be agreed by all funded traders.

Terms and Conditions

We believe in total transparency and gladly publish here the current terms and conditions, this version valid from 1st May 2021.

Read T&C's here

Contact and questions : If you have questions please contact me at paul at exacttrading.com

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