Advice and Answers from Titan Forex Funds Team
What is the minimum age I must be to be part of your program?
You must be at least 18 years of age, or the applicable minimum legal age in your country, to purchase an assessment.
Taxes and Your Simulated Funded Account
When you trade with a Simulated Funded Account for us, think of yourself as your own boss – you’re an independent contractor! This means when it comes to taxes on your earnings, it’s your show. So, keep in mind to set aside some funds for the taxman when you’re counting those gains.
What is the policy on Prohibited Trading Activity?
You are also prohibited from using any trading strategy that is expressly prohibited by the Company or the Brokers it uses. Such prohibited trading (“Prohibited Trading”) shall include, but not be limited to: ● Exploiting errors or latency in the pricing and/or platform(s) provided by the Broker ● Utilizing non-public and/or insider information ● Front-running of trades placed elsewhere ● Trading in any way that jeopardizes the relationship that the Company has with a Broker or may result in the canceling of trades ● Trading in any way that creates regulatory issues for the Broker ● Utilizing any third-party strategy, off-the-shelf strategy or one marketed to pass challenge accounts ● Utilizing one strategy to pass an assessment and then utilizing a different strategy in a funded account, as determined by the Company in cooperation with Prop Account, LLC at their discretion ● Holding a Single Share Equity CFD position into an earnings release pertaining to that underlying equity. To avoid being in breach of this rule, you must close all such Single Share Equity CFD positions by 3:50 pm Eastern Time on the day of the release, if an aftermarket release, or on the preceding day, if a before market […]
Can we use Expert Advisor?
Absolutely! Just make sure to check our “Prohibited Trading” guidelines below. As long as you’re in the clear there, you’re good to go with your Expert Advisor. Happy trading!
When can I withdraw the gains in my Funded Account and how does that affect my Maximum Trailing Drawdown?
Your first withdrawal can be requested at any time. Thereafter, you can request a withdrawal of the gains in your account every 30 days. When a withdrawal is approved, we will also withdraw our share of the gains, and your max trailing drawdown will lock in at your starting balance. The trailing drawdown does not reset when you request a withdrawal. Let’s Break Down a Withdrawal with a Simple Example: Imagine you’ve worked magic and boosted an account from $100,000 to $120,000 Now, you want to cash out $16,000. Here’s how it goes: You’ll get $12,000 to pocket and enjoy! We’ll keep $4,000 (that’s just our part of the deal). After this, your account will have $104,000 left. But here’s one thing to remember: there’s a safety rule called the “Maximum Trailing Drawdown”, and it’s set at $100,000 for this account. This means, after your withdrawal, you can risk up to $4,000. If losses go beyond that, we’ll have to step in due to that safety rule. And a little heads-up: If you decide to withdraw all your profits, the safety rule still stays put at that starting balance. So, withdrawing everything can put your account in a tricky spot […]
How Do I Get My Hands on My Earnings from the Funded Account?
Traders can request a withdrawal of the gains in their Simulated Funded Account at any time in their trader dashboard, but no more frequently than once per thirty (30) days. So, if you make gain in your Funded Account, you can request a withdrawal. When you are ready to withdraw the gains from your Funded Account, click the Withdraw Profits button in your trader dashboard and enter the amount to withdraw. Once your withdrawal request is approved, we will pay the monies owed to you via your selected method.
Rules for the Simulated Funded Account?
Good news! The rules for the Funded Account are just like the ones for your Assessment account. So, no new curveballs here. The only difference? With a Funded Account, you don’t have to worry about hitting a profit target. So, trade on and enjoy!
What Happens to My Gains if I Slip Up in My Funded Account?
Worried about making a big mistake (or a “hard breach” in the jargon) and losing all your hard-earned gains? Don’t be! Even if you do have a slip-up, you’ll still get your share of any profits you made. Here’s a simple example: Let’s say your account started with $100,000 and you did an awesome job, boosting it to $110,000. But oops! A hard breach happens. We’d need to close the account, but you’d still get your share from that profit.
When Will I Get My Simulated Funded Account?
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