XLTRADE  FUNDED ACCOUNT | INSTANT PRIME

Below, we describe how to trade on an XLTRADE Prime Account.

MARKET ACCESS

Advanced Metatrader 5 platform.

 

FUNDED ACCOUNT

XLTRADE acts as a funding provider (funded account).

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TRADABLE MARKETS

• Equity Indices

• Single Stocks

• Forex 

• Cryptos

• Metals

• Oil

• Commodities

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RAW SPREADS

XLTRADE utilizes a Raw Spread Model on all tradable instruments.
 

COMMISSIONS

No Commissions on all Account levels.

​​ACCOUNT TOP-UP | PRIME CAPITAL

XLTRADE tops up your deposit by a Factor of 20 (XL20).
 

EXAMPLE
If you deposit $ 5,000, XLTRADE adds $ 95,000 to the Account Deposit (XL20).
 

LEVERAGE​

You may maximize your profit potential by exploiting the maximum leverage (1:500) based on the Prime Capital provided by XLTRADE.

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EXAMPLE

If you deposit $ 5,000 and receive the top-up of Factor 20 (X20) by XLTRADE ($ 95,000), you trade on a Funded Account of $ 100,000. To increase the profit potential, you may exploit the leverage based on the $ 100,000 Account.

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XLTRADE PRIME CAPITAL

You will receive the Prime Capital (Account Top-up) immediately once the Account is activated.

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PRIME ACCOUNTS

You may trade on XLTRADE Prime Accounts as follows:
 

• USD 500 | USD 10,000 (XL20) 

• USD 1,000 | USD 20,000 (XL20)

• USD 2,500 | USD 50,000 (XL20)

• USD 5,000 | USD 100,000 (XL20)

• Higher amounts on request

 

NUMBER OF ACCOUNTS

You may open and maintain accounts of any level without limits. However, XLTRADE, at its sole discretion, is entitled to limit the number of accounts or reject traders from account opening.

 

RELEVANT TIME ZONE

The relevant time zone for all trading is GMT.

 

PRIME ACCOUNT | SUMMARY​

• XLTRADE ACCOUNT TOP-UP | FACTOR TWENTY | XL20

• PROFIT SHARE | 100%

• PROFIT PAYOUT | MONTHLY

• PROFIT ACCUMULATION | UNLIMITED

• STRATEGY RESTRICTION | NONE

• LOT SIZE RESTRICTIONS | NONE

• STOP-LOSS REQUIREMENT | NO

• EXPERT ADVISORS | YES

• WEEKLY DRAWDOWN | 5%

• MAXIMUM DRAWDOWN | 15%

• POSITIONS OVERNIGHT | YES

• POSITIONS OVER THE WEEKEND | YES 

• TRADING ON NEWS EVENTS | YES

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​PROFIT ACCUMULATION

The Profit Accumulation on an XLTRADE Prime Account is unlimited.

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PROFIT SHARE

The profit share on an XLTRADE Prime Account is 100%.
 

PROFIT WITHDRAWAL

You may request your profit withdrawal periodically every 30 calendar days starting from the date you commenced trading.
 

Withdrawals may be made via Bank wire and Crypto. You will be asked to provide bank details or a crypto link.

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You are entitled to request profit withdrawals generated from your deposit and the Prime Capital provided by XLTRADE.

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You must submit the withdrawal request three business days before the Withdrawal Day.

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If you request a profit withdrawal, all your positions/orders must be closed/deleted on a Withdrawal Day.

If you maintain open positions/orders on a Withdrawal Day, the withdrawal request may be rejected.

To become eligible for a profit withdrawal, the contribution to the profits of a single position must not be more than 25%, nor must the contribution to the profits be more than 25% in a single trading day. The maximum balance drawdown must not be higher than 5%. A single losing trade must not account for more than 1.5% of the account balance.

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MINIMUM TRADING DAYS
To become eligible for profit withdrawal, a minimum of 15 active trading days per cycle is mandatory.

STRATEGY
There are no strategy restrictions. You may trade any style and utilize any EA as long as good risk management is in place. However, any trading strategy will be reviewed and, at XLTRADE's sole discretion, a trading account may be terminated if an unreasonable trading strategy is utilized. HFT bots are not allowed.

MAXIMUM ACCOUNT DRAWDOWN​
The Maximum Account Drawdown based on the Start Balance is 15%.

WEEKLY DRAWDOWN
During a cycle of an XLTRADE Prime Account, the Weekly Drawdown allowance is 5% based on the Balance or Equity (whichever is higher).

EXAMPLE ($ 1,000 + $ 19,000 top-up = Balance $ 20,000):
If the Balance or Equity (whichever is higher) grows to $ 25,000 (Example) and the balance or equity sits at $ 25,000 (Example) on a Friday, midnight, PT, the assessment basis for the Weekly Drawdown level is $ 25,000 (high watermark). This value holds for the following trading week. As a result, the balance or equity must not drop below $ 23,750 (Example (5%)) during the following trading week.
The assessment value (high watermark) adjusts each Friday, midnight PT. If the balance or equity drops below $ 25,000 (Example), the historically highest value (high watermark $ 25,000 (Example)) represents the assessment basis for the Weekly Drawdown. Any violation of the Weekly Drawdown will result in the termination of the account.
 

DEPOSIT WITHDRAWAL

An initial Deposit Withdrawal Lock-Up Period of 180 calendar days is in place starting from the date you opened the account. Thereafter, you may request the return of the deposit daily.

An administration fee of 10%, subject to a minimum of $ 370, will be charged for the return of deposits of inactive accounts.

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The Prime Capital provided by XLTRADE can not be withdrawn. XLTRADE is entitled to request compensation for the negative balance of an account (if any) if the trader submits an unjustified refund request to the bank/payment provider. 
 

DEACTIVATION

An XLTRADE Prime Account will be deactivated in one or more of the following situations:

 

• Violation of the Maximum Account Drawdown.

• Violation of the Weekly Drawdown.

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DEACTIVATION SCENARIOS
If you violate the Drawdown Levels (Maximum DD, Weekly DD) at a stage of the Start Balance, the account will be

deactivated, and the deposit will be lost.
EXAMPLE
Deposit ($ 1,000) + Top-up ($ 19,000) = Start Balance ($ 20,000).

If a trader violates the Weekly Drawdown level at a stage of the Advanced Balance, the account will be deactivated, and the trader will receive a new account starting at the Start Balance.
EXAMPLE
Deposit ($ 1,000) + Top-up ($ 19,000) + Net Profit (e.g., 4,000) = Advanced Balance ($ 24,000).

ACCOUNT REVIEW

​Regularly, XLTRADE reviews active Prime Accounts regarding trading activities and risk exposure.
 

TERMINATION

​In the event of account irregularities, legal/regulatory/technical issues, risk issues, inactivity, or other issues, XLTRADE is entitled to terminate a Prime Account at any time. You acknowledge that XLTRADE is not obliged to provide detailed reasons for Account Termination. In the event of Termination, XLTRADE returns the deposit within 180 Calendar Days.

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CONFIDENTIAL INFORMATION
The communication in connection with XLTRADE Prime Accounts (emails, messages, account statements, a.s.o.) is strictly confidential and must not be made public.  XLTRADE reserves the right to take legal action in the event of non-compliance. Non-compliance shall be deemed to result in a penalty of $ 50,000. In addition, in case of non-compliance, XLTRADE is entitled to claim compensation for a negative account balance (if any).  

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ACKNOWLEDGEMENT

• You acknowledge that you receive an Account Top-up by Factor twenty (XL20) that increases your profit potential.

• You are aware that you trade on capital provided by the company (funded account).

• You acknowledge that, even if there are no particular risk specifications, you must maintain the account on a reasonable risk level.

• You acknowledge that you are entitled to withdraw the profits derived from the Deposit and the Prime Capital provided by XLTRADE (XL20).

• You acknowledge that you can not withdraw the Prime Capital (XL20) provided by XLTRADE.

• You acknowledge that he/she is entitled to withdraw profits periodically every thirty (30) calendar days starting from the date the trader has commenced trading.

• You are aware that you are not entitled to receive profits from a deactivated account.

• You acknowledge that any communication in connection with XLTRADE Prime Accounts must be kept strictly confidential. 

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​AGREEMENT

If you open a Live Account and receive the Prime Capital (XL20) by XLTRADE, you agree and are bound to the conditions above.