Funding Talent Challenge Official Rules & Guidelines
Hello traders! Welcome to the rules & guidelines section of our website. Please be sure and have a read through all of the rules to ensure the program is a good fit for you.
Before getting into the rules, we want to ensure you know that our guidelines are here to make you better traders and also to ensure we are scouting real trading talent.
Kindly watch the following video which explains our max loss parameters. You can find a written version of this along with the rest of our rules below the video.
Please note the video below explains the daily and overall max loss for the original model.
Number of Trading Days
You must enter at least one trade per day for 10 days out of each month. For example, from January 1st – 31st, you must enter a new trade on at least 10 separate days. Trading days do not need to be consecutive and there is no maximum amount of trades, as long as you do not exceed your risk (see below). Only executed trades count towards your trading days.
For the purpose of our program, a new trading day begins at 1200AM of the timezone associated with your broker.
$25K Account – You will have a max daily loss (or drawdown including floating profits/losses) of $1250 on your account, and a max OVERALL loss (or drawdown including floating profits/losses) of $2500 on your account. This will be monitored strictly and if broken will result in account suspension. Risk management is of utmost importance.
$100K Account – You will have a max daily loss (or drawdown including floating profits/losses) of $5000 on your account, and a max OVERALL loss (or drawdown including floating profits/losses) of $10,000 on your account. This will be monitored strictly and if broken will result in account suspension. Risk management is of utmost importance.
This shows us that you are capable of controlling risk and trading on a professional level.
To be clear, you are allowed to use a mixture of scalping trades, swing trades, etc. There are no rules on trading styles.
You are allowed to trade forex pairs, indices, metals and crypto. Please do not trade anything outside of this list. If this does occur, your payout will be suspended.
As this is a simulated account, you are not responsible (nor is there a penalty) for any losses.
You are not to change your login details for any reason. Should you change your password or any other details on this account, it will result in immediate account termination.
You may not, at any point in time, update your account balance. This will not be tolerated under ANY circumstance. This will be flagged and your account with us will be terminated.
EAs and Bots
Members are not permitted to use expert advisors or bots on the demo account they are using to trade with in the program. Funding Talent relies on the diversification of risk in order to ensure the company is not overexposed. For this reason, we do not allow the use of any trade copy softwares in our program. Traders should use their own strategy at all times and not rely on signals, bots or software.
We do not permit EA’s that utilize arbitrage. Any use of arbitrage trading will amount is immediate account suspension. We only allow one strategy per trader, so we also do ask that traders do not use mirroring softwares or copy one another’s trades.
Traders must also trade according to real market conditions. Any trades that take advantage of demo account conditions or trading arbitrage are prohibited. You can read more about real market conditions here.
You can track your account metrics in the member dashboard. Should you want an update on your accounts status you can contact [email protected] and we will get back to you as soon as possible with an update.
Bi-Weekly Withdrawal (Elite Account)
You may request to withdraw your profits from the Funding Talent Elite account every two weeks (the 1st and 15th of each month). Request must be made before 00:00 EST of the 1st and 15th of the month. Please allow 24-48 hours for us to process your payment. We will deduct our profit split at this time and you will receive your refund of initial payment upon your first withdrawal request.
Trading Both Models
Funding Talent members who are presently trading the subscription based model may choose to partake in the Funding Talent Challenge. It should be noted, however, that upon successfully receiving the Funding Talent Elite account, the subscription based model will need to be put on hold. Traders cannot trade both models at the same time (once they are successful in the challenge).
Traders who are currently trading the subscription based model may partake in the challenge and continue receiving payouts up until completion of the challenge.
If a member should experience a drawdown violation, they may choose to purchase another challenge or pay the reset fee and switch to the subscription based model. Subscription based fees and information on our original model can be found here.
Profit Target Not Achieved
If you finish either phase of the Challenge, do not reach the profit target, do not experience a drawdown violation occurred but were not profitable, then you will have a one time opportunity to switch to a Flex account at no cost.
Profitable But Did Not Achieve Profit Target
If you finish either phase of the Challenge, do not reach the profit target, do not experience a drawdown violation occurred but were profitable, then you will have a one time opportunity to switch to a Flex account OR start the Challenge over from Phase 1 at no cost.
The important thing to note here is that you can not take retry the Challenge for free if your account was not in profit at the end of your phase.
There are no monthly fees on the Funding Talent Challenge model.
The fee you are charged at sign up will be refunded to you upon your first withdrawal once you have successfully completed the challenge.
Should you choose to switch to the subscription based model if unsuccessful with the challenge, you will receive new login details and a link to the classic/aggressive fund rule page. If you purchased the $25K challenge, you will receive a $25K Funding Talent classic/aggressive account. The same is true with the $100K package.
Funding Talent will allow up to $300K in capital per trader per model. If a trader is already trading $300K on the subscription based model and partakes in the challenge, they cannot transfer any capital over.
Broker Choices (Elite Account)
The Funding Talent Elite account will be opened with BlackBull Markets. This is a highly regulated and trusted broker.
Drawdown (Elite Account)
Max daily loss on the Funding Talent Elite account remains the same as phase one and two. There will be a max daily loss of 5% (of the initial balance) and 10% overall.
Funding Talent traders will be eligible to scale their initial capital amount at three month intervals.
Traders who are profitable two out of three months and average a 2% return per month will be eligible for an increase of 25%. Traders should get in touch with our support team by emailing us at [email protected] to determine eligibility and to have capital their increased.
Please make sure you all read through and understand the rules. It is your responsibility to understand and implement them. It’s especially important to understand the risk management portion.
Please note that this agreement is subject to change at any time. We reserve the right to terminate your account at any given time if we feel you are exhibiting behaviour not in line with our guidelines.
Reminder: these are not “investment” earnings, as the account you are trading is simulated.