Funded trader opportunities with FundsCap are open to individuals aged 18 and above. To qualify, you must successfully pass the FundsCap Challenge, which involves showcasing consistent profitability and responsible risk management. Upon meeting these criteria, FundsCap is prepared to provide funding for your trading activities.
Achieving success as a trader is undeniably challenging. It requires dedicating countless hours to refining your skills, analyzing the market, and implementing effective risk management strategies. All this effort is aimed at uncovering a few profitable trades. However, even after putting in the necessary work, many traders face a common obstacle; undercapitalization. By becoming a funded trader, you can overcome this challenge with access to larger trading capital than what you might have available on your own. This enables you to take advantage of more opportunities in the market and potentially amplify your profits.
As a funded trader, you have the potential to retain a significant portion of the profits you generate. Typically, funding companies offer profit-sharing models where traders can keep a substantial percentage of their earnings. For instance, let's consider a scenario where you achieve a 30% return on investment in a given month.
If you have a personal investment of $2,000, a 30% return would yield $600 in profits. However, considering the small initial investment, the return may not seem substantial in relation to the time and effort invested.
On the other hand, if you have a funded account with, let's say, $200,000 and you retain up to 80% of the profits, a 30% return would result in $60,000 in profits. This demonstrates the potential for significantly higher returns on investment when trading with a larger account size and a profit-sharing arrangement.
FundsCap highly values your exceptional trading skills and talents. In recognition of your accomplishments, we are pleased to present you with a special certificate from FundsCap. Our certificate award serves as a token of our appreciation for your remarkable achievements in the field of trading.
If you have not activated or executed any trades on your account (within 30 days as per our terms and conditions), it is possible to request a refund. However, if you have utilized the account and/or did not successfully complete the challenge, you will not qualify for a refund. To initiate a withdrawal from the contract, you must send an email within 14 days, and we will reimburse you for all fees using the same payment method you used for the initial transaction.
At FundsCap, traders have the flexibility to choose from a range of trading platforms to conduct their trading activities. FundsCap typically supports the most popular trading platforms, MetaTrader 4 and 5. Both platforms are provided by OnEquity.
Upon successfully meeting the specified profit target and complying with all trading rules and guidelines, you will become eligible to receive a Funded account. To proceed with the Funded account activation, you will need to provide the required KYC (Know Your Customer) documents. Once you submit the KYC documents, our team will verify them, and the process of providing you with the Funded account will commence. Typically, this entire process takes approximately 24 hours.
With FundsCap, withdrawing your profits is a straightforward and streamlined process. Once you have successfully met all the requirements of your trading objectives and achieved profitability, you can easily initiate a withdrawal. The specific steps and procedures for requesting a withdrawal will be provided to you by FundsCap, ensuring a simple and efficient withdrawal process.
Certainly! Each time a new trader joins FundsCap through your unique referral link, you will be entitled to receive a reward. This rewards program is designed to recognize and incentivize your efforts in referring new traders to our platform.
For more details regarding our Affiliate Program, click here.
Once you have successfully met all the requirements of your trading objectives and achieved profitability, you can easily initiate a withdrawal.
To make a withdrawal request, the trader must have at least 3 days of trading on their live account and have completed 30 calendar days after the first open trade. After completion of the first withdrawal, orders can be requested bi-weekly.
All withdrawal requests made from Saturday to Friday of each week will be processed on the Wednesday of the following week.
Our trading assets FX, Metals, Commodities, Shares and Indices are all only quoted 24/5. Crypto is quoted 24/7. You can hold any positions over the weekend we offer no pricing, thus meaning you cannot open, close or modify any positions from Friday market close until Sunday market open.
There is no restriction on the number of challenges you can purchase, and you can participate in multiple challenges simultaneously. However, concerning active accounts running concurrently, each user is limited to a combined starting equity of up to a maximum of $600,000.
FundsCap provides prop traders in the industry with a maximum of leverage 1:100. This leverage option allows traders to effectively enhance their trading capabilities while maintaining a practical approach to risk management. The leverage ratio offered empowers traders to strategically optimize their trading strategies and prudently capitalize on market opportunities.
The trading period initiates with the execution of your first trade, rather than the activation of your account. Consequently, if you receive your account on a Saturday but execute your first trade on a Tuesday, your trading period will start on Tuesday, not Saturday.
Traders are safeguarded from incurring losses surpassing 6% of their equity.
Example:
If you have an initial balance of $50,000, a 12% drawdown would amount to $6,000 . This implies that if the balance of your account drops below $44,000 at any point, it would be considered a violation of the overall drawdown rule.
The constant value of the Maximum Daily Loss is 6%. For example, if a trader has a $100,000 account, his maximum daily loss would be $6,000 (6% of $100,000) on the first day.
It is important to note that our platform calculates the daily DD considering the current Equity in relation to the balance 24h ago and the equity includes both the realized and unrealized profit and loss (P&L) of the trader's open positions.
To illustrate, let's consider the same example of a trader with a $100,000 account. Let's say he incurred a loss of $1,500 at 2pm on the first day of trading, leaving him with a balance of $98,500 at the end of that day. The following day, the maximum daily loss limit would be $6,000 (6% of $100,000) until 2pm and after that time it would reset, allowing the trader to potentially lose up to $5,910 (6% of $98,500). ); because new the balance 24 hours ago is US$ 98,500.
It is important to adhere to this rule as violating it will result in an automatic failure of your challenge account. The same Daily Extraction rule applies to all three steps (Evaluation, Verification, and Funding) of each challenge.
In the event of a breach of any Trading Objectives, the associated account will be disabled, making it ineligible to proceed with the Evaluation steps. If the breach occurs on your FundsCap Account, the Agreement corresponding to that account shall be terminated. Should you desire to try again, you have the option to start anew by ordering a fresh FundsCap Challenge or reset your challenge immediately at discounted fees.
The Profit target for a Challenge is set at 8% of the initial balance, and in the Verification phase is 5%. The Profit target signifies that a trader needs to achieve a profit from the cumulative sum of closed positions on the assigned trading account.
At FundsCap, traders are permitted to utilize Expert Advisors (EAs) and Indicators to enhance their trading strategies, provided that they do not violate our Responsible Trading Policy, contained in item 7 of the T&C. It is crucial for each trader to customize their trading parameters to align with their unique trading style and account requirements. This flexibility allows traders to optimize their trading approach and maximize their potential for success.
FundsCap places a strong emphasis on maintaining a secure trading environment for all traders. To ensure smooth operations and avoid potential complications, it is generally recommended that traders utilize a single device with a unique IP address while engaging in trading activities on the FundsCap platform systems. This approach helps ensure a consistent and secure trading experience.
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Prove you've got what it takes to be a Funded Trader!
