Funded Trader definition
Examples of Funded Trader in a sentence
Unless expressly agreed otherwise and in conjunction with our Funded Trader Agreement, you will not be paid any remuneration or profits based on the results of your simulated trading, nor will you be required to pay any losses.
A Funded Trader is engaged by the Company as an independent contractor only and is not as an employee, partner or agent of the Company.
You may be required to provide further or additional information (including identification, criminal history and bankruptcy checks and bank account information) before you can be onboarded as a Funded Trader.
For each Trading Period in which you satisfy the relevant Funded Trader Criteria, you will receive a Trader Payment for that relevant Trading Period.
Paying an Access Fee and participating in an Assessment Program (successfully or otherwise) does not oblige the Company to make you an offer to become a Funded Trader.
The Company may use other information available to it to assess your suitability to become a Funded Trader (including demonstrated trading history and expertise).
As a Funded Trader, you will be allocated a Bankroll and you will construct and place Trades with the aim of making Notional Net Profit and adding to your allocated Bankroll.
If you satisfy the Assessment Criteria or the Company considers your Trading skills to be proficient and of high standards, the Company may (at its sole discretion) offer you a position as a Funded Trader.
You will not be eligible to become or remain a Funded Trader if your Trading activities contravene the Restrictions of this clause 12.2 and you agree the Company may review your Trading activities at any time to determine if such contraventions have occurred.
As a Funded Trader, you will not be required to make any payment of money to either fund your allocated Bankroll or cover the negative monetary positions of your Trades.