FREQUENTLY ASKED QUESTIONS
GENERAL QUESTIONS
WHY DO I HAVE TO PAY A SET UP FEE?
The setup fee covers our efforts and costs to set up, maintain and monitor the Evaluation Account.
You will get a full refund of the fee in the event of success.
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WILL I GET A REFUND OF THE FEE ONCE I HAVE PASSED THE EVALUATION?
Yes. The initial setup fee gets
fully refunded upon the first profits generated on the
funded account.
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WHY DO I HAVE TO PASS AN EVALUATION?
XLTRADE provides you with substantial capital and XLTRADE covers the risk of your trading.
The Evaluation does not eliminate but minimize the risk for XLTRADE investors.
During the Evaluation, you need to
demonstrate that you are in the position to control risk and to trade reasonably.
The Evaluation aims to prepare you to trade on a Funded Account in accordance to the XLTRADE risk parameters.
Evaluation accounts are simulated accounts reflecting real market conditions.
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WHAT IS THE EVALUATION BONUS?
Passing the evaluation is a piece of work, but with XLTRADE your efforts don't remain unrewarded.
EVALUATION BONUS
In the event you have successfully passed the Evaluation and you are eligible for a funded account, you will receive an
Evaluation Bonus in the amount of 40% of part the profits generated during the evaluation.
The Evaluation Bonus will get paid together with the first profit payout on the funded account.
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WHAT HAPPENS IF I DON'T ACHIEVE THE PERFORMANCE TARGET IN A CYCLE?
No worries, that can happen. It's an indication that you master your trading.
If you don't achieve the 10% performance target in a cycle (30 calendar days), but your Evaluation Account remains above the start balance, you get a
FREE REPEAT.
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HOW CAN THE EVALUATION PERIOD GET SHORTENED?
If your trading results are impeccable and your trading strategy qualifies, the evaluation period can be as short as 60 calendar days.
Alternatively, you can get a Non-Evaluation Account (
Instant Funding) or an XLTRADE PRO ACCOUNT (
Funding in 30 days).
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WHEN DO I RECEIVE MY FUNDED ACCOUNT ONCE I HAVE PASSED THE EVALUATION?
Once you have successfully completed the Evaluation, you'll receive your Funded Account within 24 hours.
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HAS THE PERFORMANCE TARGET TO BE ACHIEVED AT EACH PERFORMANCE CYCLE?
Yes, the 10% performance target has to be achieved at each performance cycle (30 calendar days) during the entire evaluation period. Example: Two performance cycles of each 30 calendar days in 60 days.
No minimum performance target has to be achieved on funded accounts.
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WHAT, IF I ACHIEVE THE PERFORMANCE TARGET IN LESS THAN 30 DAYS IN A CYCLE?
The performance target achieved in a shorter time frame than 30 days is not an indication of reasonable risk control (you probably trade too risky).
The evaluation period is to determine whether or not you are in the position to
manage risk related to trading.
You demonstrate
good risk control when you spread the risk evenly over the 30 days period. In order to step ahead, you must complete the 30 days in a cycle.
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DO I HAVE TO PASS THE EVALUATION AGAIN WHEN I ADD AN ADDITIONAL ACCOUNT AT A LATER STAGE?
Regardless at what status you are (Evaluation or Funded status), the Evaluation has to be passed again for each new account added at any later date.
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DO I GET AN ACCOUNT INCREASE IF I TRADE PROFITABLY?
If you demonstrate profitable trading on a consistent basis on the Funded Account,
we top-up your account by
25% every three months.
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CAN I ADD ADDITIONAL ACCOUNTS AT A LATER STAGE?
Yes, you can add additional accounts immediately or at any time at a later stage.
You can maintain up to
five accounts at different account levels.
It is possible to trade on $ 2.5 Millions.
Accounts can be traded simultaneously by using a trade copier.
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WHAT IS MY POTENTIAL ONCE I AM A FUNDED XLTRADER?
In the event you have chosen the 'One Million Dollar Experience', you'll be invited for a personal meeting (at current situation a Zoom call) once you have proven to trade consistently profitable on the One Million Dollar Account.
Conditions to trade beyond the One Million Dollar level are to be discussed.
For Elite XLTRADERS, the potential of further development is virtually unlimited.
NO LIMITS TO THE UPSIDE.
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WHO CAN BECOME A FUNDED XLTRADER?
EVERYONE WITH A STRONG DESIRE FOR SUCCESS!
XLTRADE offers an unique opportunity for all those who strive for the
ultimate freedom, independence and autonomy that comes along with successful trading.
GET STARTED AND SUCCEED!
WHAT DOCUMENTS DO I NEED TO SUBMIT?
You don't need to submit any documents to start the XLTRADE Evaluation.
However, in the event you pass the evaluation and qualify for funding, you will be requested to submit
Proof of Identity and Proof of Address.
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WHAT ARE THE CONDITIONS IN ORDER TO GET A FUNDED ACCOUNT?
Sign in (GUEST ACCESS) and obtain all relevant information and conditions about the sophisticated XLTRADE funding programs.
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HOW QUICK DO I RECEIVE MY XLTRADE EVALUATION ACCOUNT?
You will receive your XLTRADE Evaluation Account within
24 hours after registration.
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HOW LONG IS THE EVALUATION PERIOD?
The XLTRADE Evaluation spans over 60 to 90 calendar days.
If you demonstrate
impeccable trading, the Evaluation can be as short as
60 days.
You can trade on a
$ 500k Trading Account in just two months!
Alternatively, we offer
Instant Funding (Non-Evaluation Account) and funding in
just 30 days.
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XLTRADE PROFIT PAYOUT
HOW QUICK DOES XLTRADE EXECUTE THE PROFIT PAYOUT?
You will receive your Account Summary via email by the end of each performance cycle
In the event of
Weekly Payout, each Friday, EOD, GMT -4.
After your approval, any payout request will be executed immediately.
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HOW CAN I WITHDRAW MY PROFITS?
You can request your profit payout in the full amount, or in order to grow your account, in part.
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DO I HAVE TO WITHDRAW MY PROFITS?
No, you don't need to take out your profits. You can keep your profits to grow your account.
In the event of profits, XLTRADE takes its profit share each week/performance cycle.
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CAN I RECEIVE MY PROFIT PAYOUT IN CRYPTOS?
Yes, you can receive your profit payout in Crypto Currencies.
For Crypto payments, we predominantely utilize Coinbase.
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FOR THE PROFIT PAYOUT, HAS THE BANK ACCOUNT TO BE IN MY PERSONAL NAME?
No, the bank account must not necessarily be in your personal name. You can use any bank account globally (in a company's name or in any other name) for your profit payout.
XLTRADE will ask for your bank account details upon your first profit payout.
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WHEN CAN I GET MY FIRST PROFIT PAYOUT?
If you take advantage of the XLTRADE Action Discount (start trading within 14 days after your first sgn-in), you can get your first profit payout after the first week at XLTRADE Funded Status.
Example: If you demonstrate impeccable trading, you can achieve Funded Status in just sixty (60) calendar days.
You can request your first profit payout on the first Friday, EOD (-4 GMT) after you have achieved XLTRADE Funded Status (60 days + a couple of days (depending on the day you achieved XLTRADE Funded Status)).
It is recommended to go for the larger account levels ($ 500k lite Account).
Based on a 10% performance, you have the potential to get a $ 45,000 payout (90% Profit Share for Action Takers) in just 60 + a few days.
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IN WHAT FREQUENCY CAN I GET MY PROFITS?
'Action Takers' who take advantage of the XLTRADE Action Discount (start trading within 14 days after your first sign-in), benefit from Weekly Profit Payout at Funded Status.
The profit payout can be requested each Friday, EOD (-4 GMT) in full or in part.
On our Standard Evaluation Accounts, the profit payout can be requested after each cycle (30 calendar days) starting from the day you have commenced trading.
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WHAT IS MY PROFIT SHARE?
Being the Market Leader, we know what traders need. We know: You do the job and you make money in the markets. For this we reward you with a generous profit share.
If you are an Action Taker, we reward you with a 90% Profit Share paid out Weekly.
To take advantage of the XLTRADE Action Discount, you need to start within 14 days after your first sign-in.
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TRADING
HOW IS THE DRAWDOWN CALCULATED?
Some funding providers indeed allow a 10% drawdown (dd), but realistically, that is just a measure to drive sales rather than it helps to trade successfully.
In reality, it is almost impossible to recover from levels lower than 5%. It's better to stop and restart (or rethink the strategy).
The only way successful trading can be executed is by a low-risk strategy. Our parameters are designed to support successful trading.
The
assessment level for the dd adjusts as the account grows. The
weekly deadline for the assessment level is
Fridays, end of day (EOD), PT (Pacific Time).
The reason why we have it that way is to help traders not to deviate from the winning strategy as the account grows.
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DOES XLTRADE PROVIDE ANY TRADING STATISTICS?
No, XLTRADE does not provide any trading statistics. Successful traders are supposed to have their trading statistics in place.
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CAN I USE A TRADE COPIER?
Yes, you can use a trade copier in order to trade
multiple accounts simultaniously.
You can copy trades from your existing MT4 account into XLTRADE Evaluation and Funded Accounts.
Further, you can trade multple XLTRADE Accounts simultaneously (up to five accounts (5x $ 500k ($ 2.5 Mio)).
If you use a trade copier, you are responsible for the implementation and the functionality.
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AM I ALLOWED TO USE EXPERT ADVISORS (EA's) OR TRADING ROBOTS FOR THE EVALUATION AND ON FUNDED ACCOUNTS?
Yes, you are allowed to use EA's and robot automation for your trading.
WHAT LEVERAGE CAN I UTILIZE?
Depending on the broker, a leverage of
1:500 can be utilized.
However, it is not advisable to exploit the leverage in full.
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WHAT ARE THE TRADING CONDITIONS?
As we predominately utilitze AVATRADE, please go to www.avatrade.com and get familiar with the conditions.
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WHAT MARKETS CAN BE TRADED?
You can trade Equity Indices, Forex Majors, Forex Crosses, Cryptos, Gold, Silver and Oil.
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WHAT BROKERS DOES XLTRADE UTILIZE?
XLTRADE maintains a selection of Top-Tier brokers.
However, predominantely we utilize AVATRADE
www.avatrade.com.
At account sizes starting at
USD One Million Dollars, XLTRADES' propriatry
DMA is being utilized.
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DOES XLTRADE PROVIDE DEMO ACCOUNTS?
Yes, we do. In order to get familiar with trading conditions, we offer demo accounts provided by our dedicated broker.
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