Frequently Asked Questions
Our drawdown is static value based on the initial capital deposited in your trading account and evaluations. For example, using a at 10% mas drawdown limit, your total losses are limited to 10% of your initial account balance, which means your account equity cannot fall below 90% of the initial balance at any point during your trading journey. To avoid any rule violations, your account balance or equity should always remain above 90% of the initial balance. For instance, if you have a $100,000 account, your maximum loss limit is $10,000, and if your equity remains above $90,000, you will not exceed the overall drawdown limit. It is important to note that the overall drawdown limit does not get reset like the daily drawdown limit.
The daily drawdown is 5% of your initial account balance on any day. This means that, using the example of a $100,000 account, you must not exceed a maximum daily loss limit of $5,000 and are not allowed to incur losses exceeding $5,000 on a single day. If you have already lost a total of $3,000 in your closed trades, you must ensure that the total loss, including any floating losses, does not exceed $2,000, as calculated by considering the swap and commission rates. Exceeding this limit of $2,000 will be considered a violation. Additionally, the daily loss limit will be reset at midnight as per the server time.
We currently offer a two-phase evaluation program, and therefore, there are no monthly fees.
Spread and commissions: We partner with Eightcap as
our broker to offer industry-leading spreads and commissions for traders. Our accounts have RAW conditions. To understand your account offering, see here: https://www.eightcap.com/es/trading/trading-conditions/spreads/.
You can download our trading platform here:
Once you become a live funded trader, you will be able to make your first withdrawal after 30 days of receiving your funded account credentials. Once you make your first withdraw you will be able to withdraw on a bIweekly basis.
Yes, for the first phase you have a maximum of 30 days and 60 days for the second phase from the opening of your first operation.
To request a withdrawal, please go to your dashboard and select the Withdrawal/ Profit Share option to request a withdrawal.
Once you send your request, our payments team will verify if you meet the eligible criteria to make a withdrawal, if so they will process the payout either via Cryptocurrency or Bank Transfer.
Please notice that once you create a Funded account, you will be required to sign the Independent Contractor Agreement and fill out the Payment Method form, where you will provide your preferred payment method to process your future requests.
We aim to process payouts as quickly as possible. Our withdrawal processing time is around 5 business days. Our average payout times may vary.
No win targets are required on the live funded account. However, the account must end up with a positive balance at the end of the 30-day trading period to make a withdrawal.
Yes, as long as this does not use any form of arbitrage strategy. If we can replicate the operations in our master accounts it will be allowed. You can use trade copiers, risk management tools, and any EAs if they are not used in the following ways:
- Copy signals from other people
- Scalping de ticks
- Latency arbitrage
- Reverse arbitrage
- Hedging arbitrage
- Use of any emulator
Using them will violate our rules. Any account using this type of EA will be terminated, banned and non-refunded.
The purpose of the evaluation is to make sure that you are a consistent trader without any capital risk. As our evaluation is designed to test your trading without risking capital, no profits can be withdrawn in these phases.
We believe in offering our traders the fairest deal possible. Ultimately, no one would invest in anything if they couldn't know what the outcome will be and many proprietary businesses that offer instant financing only do so to take their evaluation fee and let you trade on a demo account. Mr. Funding only wants to invest in proven and trusted traders we work with who have passed their evaluation. This is what will build our proprietary long-term trading fund instead of trying to earn a few quick dollars on an instant demo account. We want the largest community of profitable traders in the sector, helping and improving daily to offer one of the best conditions in the market.
While our evaluation phase aims to capture live conditions in the best possible way, the live market will always be more reactive to short-lived scalping trades. Therefore, to protect both our traders and our capital, we seek to support scalping strategies that are maintained for certain periods of time. The rule is basic, the operations must last a minimum of seconds that allow us to copy the operations, otherwise, the trading style will not be allowed.
Yes, the minimum age to participate in all our programs is 18 years old.
Upon receiving confirmation of your successful payment, you will receive your trading platform credentials instantly just like the transition from phase one to phase two.
You are not allowed to hedge between accounts, for example, using 2 trading accounts to open opposing trades on the same instruments with the same lot size at the same time. Also, please note that opening exact opposing trades at the same time on the same trading account will be considered a violation of the rules. However, you are allowed to hedge and trade safe-haven assets, which are
financial instruments that typically retain or increase their value during periods of economic downturn. These assets, such as gold, can also serve as hedges. In addition, you can also use hedging strategies like pairs trading, which involves taking two positions - one on an asset that is increasing in price and one on an asset that is decreasing in price - to create an immediate hedge since one trade can offset the risk of the other trade.
Yes, copy trading is allowed as long as you are copying your own trades from your own accounts. It is not allowed to copy trades from another source such as other traders or trading signals. We also don't recommend doing so as we want to check their skills. We have a technology that allows us to know and detect when there are similar operations of another person like yours and you can manually review what is happening. For example, the same input, SL, and TP were placed at the same time in a few milliseconds.
Yes, as we look for individual traders and often make payments to our live traders' bank accounts. Therefore, accounts must be created in your name.
We classify our live traders as independent contractors. Therefore, you invoice Mr. Funding for your earnings, and you must report this yourself to the relevant tax authority.
Yes, it is allowed for our traders to trade during the news.
Yes, our program allows for weekend and evening trade retention.
One of the frequently asked questions is, 'Can I merge my accounts with you?' We do not permit account merging due to risk management and tracking purposes. However, you can participate in up to three challenges concurrently, with a maximum total funding of $1,000,000.
Trade with ASIC regulated Eightcap's platform
As we are evaluating individual trading, you are solely responsible for your account login details. If you share account passwords with others and something unforeseen occurs with the account, Mr. Funding will not be responsible in any case.
Instantly. Once you pass the evaluation, you can follow the prompts in your approval email and get your account funded live right away. Our team will
contact you separately to sign your contract using Deel.
We are members of a large organization with substantial capital backing. As we have mentioned above, we are in the business of finding good traders, which means paying what our traders deserve and guaranteeing it through our legal documents and funded trader contracts. That said, all payouts are evaluated by our risk team, and the only times we don't pay is if these legal documents have been violated or if traders have not legitimately profited. We will also publish weekly or monthly all reports and payments made by us to our traders in addition to the "payouts" category in our Discord community that you can publish yourself.
We will use Deel to verify each of the traders who have passed the evaluation phases. AML stands for Anti-Money Laundering and KYC stands for Know Your Client. It is a mandatory process of verifying your identity. It's a regulation we have to abide by in order to give members like you a real account that contains real equity funds.
We accept credit card and cryptocurrency payments. However, if you do not see a credit card option in the checkout process it will mean that we do not currently accept credit card payments from your country at this time. If you want to pay with cryptocurrencies, you can check all those that are available at the time of payment.
We offer a maximum leverage of 1:30.
- Forex, metals, and energies 1:30
- Indexes 1:20
- Cryptocurrencies 1:2
we help you meet your goals
One of the biggest obstacles most traders face is not having enough capital. We can solve that!
