Revolution in Trader Financing: Elimination of the Initial Fee and Alignment of Interests

A New Paradigm for Trader Financing

Dear traders, we are pleased to announce a transformative change to our fee structure that is designed to empower our community of traders and foster their success. Starting February 19, 2024, traders who pass our rigorous funding assessments will no longer have to pay the initial $139 setup fee with their own capital.

Elimination of the Initial Setup Fee

Traditionally, non-professional traders who opted for our LiveSim® Account had to pay this fee upfront from their own pockets. However, with our new policy, this financial burden will no longer be an obstacle for aspiring traders. Instead, the $139 setup fee will be deducted only from traders’ first profit withdrawal.

This fundamental change means that traders will only pay the fee if they make a profit, eliminating any upfront expenses. We believe this move not only lowers the barriers to entry for new traders, but also demonstrates our unwavering commitment to their success.

Alignment of Interests: Mutual Success

Our new setup fee policy is deeply rooted in the principle of mutual success. By tying the setup fee to traders’ profits, we align our interests with yours. We believe this approach fosters a symbiotic relationship in which we thrive together.

When our traders make profits, so do we. This alignment of interests ensures that we are fully committed to providing them with the resources and support they need to achieve their financial goals.

Benefits for Traders

Our new setup fee policy offers countless benefits to our community of traders, including:

Reduced Initial Investment

Traders will now only have to pay for their evaluation, with no setup fees taxing their own funds once they have successfully completed the evaluation process.

Maximum Transparency

Our policy is clear and concise, with no hidden fees or fine print. This allows traders to plan their finances with confidence, knowing exactly what to expect.

Frequent questions

Is the setup fee refundable?

No, the setup fee is non-refundable as it covers expenses incurred in creating and maintaining a funded account. These expenses are paid in advance and cannot be reversed.

Do traders pay the setup fee if they pass the assessment but don’t make a profit?

No, traders do not pay the setup fee if they pass the assessment but do not generate any profit.

What is the minimum withdrawal amount?

The minimum amount you can withdraw is $100. However, for your first withdrawal, this amount increases to $239 due to the setup fee: $100 + $139. This setup fee is only charged once, so for subsequent withdrawals the normal $100 minimum will apply.

How can I withdraw my winnings?

You have the option to withdraw your winnings by bank transfer or in cryptocurrency. These transfer methods are offered through our partnership with Rise, an international contract and payment management platform.

When are withdrawal requests processed?

Withdrawal requests are processed once a week, every Tuesday. To ensure your withdrawal leaves the following Tuesday, please email your request to the support company by Friday at 2pm. CT.

Is there a fee for withdrawing my winnings?

The proprietary firm charges $10 per withdrawal (fee passed on to Rise), which is waived for withdrawals over $500.

What other fees may apply to my funded account?

During your evaluation period, your subscription covers all necessary expenses, including market data fees, as long as you are considered a non-professional trader. For those with CME Professional status, the data rate is $135/month per market. Once you become a funded trader, you will need to pay several types of fees:

– Data rates of $135/month per market for professional traders. Non-professional traders pay a one-time setup fee of $139.

– A $10 withdrawal fee, which is waived for withdrawals over $500.

– Platform fees, which vary depending on the trading platform you choose.

– Commission rates for each side, detailed here.

How can I get help if I have more questions?

Our team is always available to help you with any questions. You can contact us through various channels such as live chat, email, Telegram, WhatsApp and our Discord Server. We offer support in English, Spanish, Portuguese, French and Arabic.