GENERAL TERMS OF USE

 

These XLtrade  General Terms of Use (the “GTU”) govern your rights and obligations in connection with the use of services provided by XLtrade (the “Services”), offered mainly through the  www.xltrade.net website (the “Website”). Please read this GTU carefully. You are under no obligation to use the Services if you do not agree or understand any portion of these Terms, nor should you use the Services unless you understand and agree to these Terms.

INTRODUCTORY PROVISIONS

This GTU govern your (“you”, “your”, or the “User”) rights and obligations in connection with the use of the Services provided by XLtrade and operated by Chimara Ltd, Mill Mall Tower, PO Box 4406, Road Town, British Virgin Islands (“we”, “our”, or the “Provider”).
 

By registering on the Website or, where registration is not required, not later than by your first use of the Services, you are entering into a contract with the Provider, the subject of which is the provision of the Services of your choice. The GTU form an integral part of such a contract and, by executing the contract with the Provider, you express your agreement to this GTU.
 

The Services are only intended for persons over the age of 18 residing in the country for which the Services are available. By registering on the Website, you confirm that you are over 18 years of age. If you are under 18 years of age, you may not use the Services. You undertake to access the Services solely from one of the countries for which the Services are available. You acknowledge that your access to and use of the Services may be restricted or prohibited by law in some countries, and you undertake to only access and use the Services in accordance with applicable laws.
 

ACKNOWLEDGEMENT AND AGREEMENT

By using the services offered by XLtrade by using our website www.xltrade.net, the user agrees that we and any other entities associated with XLtrade shall not be held liable for any direct, indirect, consequential loss or any damages whatsoever arising from this usage, or the use of any information, signals, messages, education, and any other information contained or disseminated in regard to its use and understanding. Use this site and the services offered by XLtrade at your own risk. Neither guarantee of performance results nor any anticipated return on investment is offered at any time. Past performance is no guarantee of future results. None of the information provided by XLtrade constitutes a solicitation to trade Forex or buy or sell any Forex contracts.
 

By using the XLtrade website and other services provided, you agree not to hold XLtrade or any of its affiliates, partners, or subsidiaries liable for decisions that are based on information contained in blog posts, reader responses to blog posts, or information anywhere else on their website or in promotional material.

 

Notwithstanding any other agreement or other communications between XLtrade and users or potential users to the contrary, receiving or using any material provided by XLtrade or accessing or using XLtrade's website, at any time and through any means, whether directly or indirectly, represents acknowledgement and agreement by such person of the foregoing terms of the General Disclaimer and Terms and Conditions.
 

GENERAL DISCLAIMER

All information and material provided by XLtrade is for educational purposes only and should not be considered as specific investment advice. XLtrade is not providing this information as advice, nor are we providing this information based on or tailored to your specific circumstance or trading activity. The information that we provide or that is derived from our website should not be a substitute for advice from your financial or investment advisor(s).
 

RISK DISCLOSURE STATEMENT, DISCLAIMER, AND INDEMNIFICATION

By continuing to access or use www.xltrade.net, or any product or service provided by XLtrade, you signify YOUR
ACCEPTANCE OF THESE  GENERAL TERMS OF USE.

 

This brief statement does not disclose all the risks and other significant aspects of trading in leveraged investments. Considering the risks, you should undertake such transactions only if you understand the nature of the contracts (and contractual relationships) into which you are entering and the extent of your exposure to risk. You should carefully consider whether trading is appropriate for you, with careful consideration paid to your experience, objectives, financial resources, and other circumstances. Never trade with money you cannot afford to lose.

 

I. Risks associated with FOREX TRADING

Trading foreign currencies can be a challenging and potentially profitable opportunity for investors. However, before deciding to participate in the Forex market, you should carefully consider your investment objectives, level of experience, and risk appetite. Most importantly, do not invest money you cannot afford to lose.
 

There is considerable exposure to risk in any foreign exchange transaction. Any transaction involving currencies involves risks including, but not limited to, the potential for changing political and/or economic conditions that may substantially affect the price or liquidity of a currency. Investments in foreign exchange speculation may also be susceptible to sharp rises and fall as the relevant market values fluctuate. The leveraged nature of Forex trading means that any market movement will have an equally proportional effect on your deposited funds. This may work against you as well as for you. Not only may investors get back less than they invested, but in the case of higher risk strategies, investors may lose the entirety of their investment. It is for this reason that when speculating in such markets it is advisable to use only risk capital.
 

II. Risk Disclaimer for Forex Trading

Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. Past performance is not indicative of future results. The high degree of leverage can work against you as well as for you. Before deciding to invest in financial markets and foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with financial markets and foreign exchange trading and seek advice from an independent financial advisor if you have any doubts.
 

III. Benefits and Risks of Leverage

Leverage affords traders the ability to enter a position worth many times the account value with a relatively small amount of money. This leverage can work with you as well as against you. Even though the Financial and Forex market offers traders the ability to use a high degree of leverage, trading with high leverage may increase the losses suffered. Please use caution when using leverage in trading or investing.
 

IV. Electronic Trading Risks

Before you engage in transactions using an electronic system, you should carefully review the rules and regulations of the exchanges offering the system and/or listing the instruments you intend to trade. Online trading has inherent risk due to system response and access times that may vary due to market conditions, system performance, and other factors. You should understand these and additional risks before trading.

 

V. Market Opinions

Any opinions, news, research, analyses, prices, or other information offered by XLtrade, is provided as general market commentary and does not constitute investment advice. XLtrade will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
 

GENERAL TERMS OF USE

All materials, tools and ancillary content purchased will be delivered in digital form.

All content on www.xltrade.net and content communicated in email correspondence, webinars, seminars, or other events, is intended for educational purposes only and should not be considered as investment advice, nor should it be construed as a replacement for investment advice from qualified financial advisors. Xltrade and its affiliated companies, its directors, management, traders, instructors, and coaches will not be held responsible for any losses incurred by the user.
 

All information provided by www.xltrade.net and its contractors are general advice and the user will use to apply this general advice and trade at their own risk.
 

While our trade ideas, from our wider understanding of and experience from trading the financial markets, hold merit, they do not guarantee success or profit and you should not undertake the act of trading them unless you are fully aware of risk management and how to place an order with the broker correctly.
 

Users should understand that past performance is not indicative of future results and that the value of investments and income from them may go up as well as down and are not guaranteed.
 

You may lose the entire amount invested. With some leveraged investments such as spread bets and CFDs, your losses may potentially be unlimited.
 

INTELLECTUAL PROPERTY AND PROPRIETARY INFORMATION

You acknowledge and understand that XLtrade has invested a substantial amount of time and effort, and has incurred substantial costs, in developing its Proprietary Information. XLtrade's Proprietary Information is not in the public domain and reasonable steps are continuously taken to ensure that this Proprietary Information remains secret. The term “Proprietary Information” shall mean trade secrets, confidential knowledge, data, or any other proprietary information of XLtrade. By way of illustration but not limitation, “Proprietary Information” includes trade secrets, inventions, ideas, patterns, processes, formulas, trading methods, source and object codes, data, programs, compilations, written training course materials, know-how, improvements, discoveries, publications, developments, educational courses, designs and techniques, information regarding plans for research, development, new products, marketing and selling materials and methods, business plans, budgets and unpublished financial statements, licenses, methods of operations, prices and costs, business practices, customer sources and lists, and suppliers. XLtrade derives economic value, both actual and potential, from not having its Proprietary Information generally known or ascertainable by other persons who can obtain economic value from its unauthorized disclosure or use. Such Proprietary Information may not be used, reproduced, or disclosed to any other parties for any other purpose without the expressed written permission of XLtrade. Specifically, you agree that you shall not for any reason, at any time, without the written consent of XLtrade, disclose to any person or entity any of XLtrade's Proprietary Information.
 

INTELLECTUAL PROPERTY
www.xltrade.net, including but not limited to text, content, photographs, video, audio and graphics, and goods (the “Service”), is protected by copyrights, trademarks, service marks, international treaties, and/or other proprietary rights. The Service is also protected as a collective work or completion under International copyright and other laws and treaties. All individual articles, columns and other elements making up the Service are also copyrighted works.

 

ACCURACY OF INFORMATION

The content on this website is subject to change at any time without notice and is provided for the sole purpose of assisting users to make independent decisions regarding their interest in XLtrade's products and the Financial and Forex market. XLtrade has taken reasonable measures to ensure the accuracy of the information on this website, however, does not guarantee its accuracy, and will not accept liability for any loss or damage that may arise directly or indirectly from the content or your inability to access the website, for any delay in or failure of the transmission or the receipt of any instruction or notifications sent through this website or distributed through other means. There are no explicit or implicit warranties of accuracy or timeliness made by XLtrade or its affiliates.
 

These same provisions apply to any and all educational products and services, trading systems, indicators, tools, publications, blog posts, opinion pieces, or any other material provided in connection with the same.

DISCLAIMER OF WARRANTY

ANY AND ALL INFORMATION PROVIDED BY XLTRADE OR DERIVED FROM XLTRADE'S WEBSITES IS PROVIDED “AS IS” AND XLTRADE MAKES NO WARRANTY OF ANY KIND, EXPRESS OR IMPLIED, INCLUDING, WITHOUT LIMITATION, ANY WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE.

DISTRIBUTION

This site is not intended for distribution, or use by, any person in any country where such distribution or use would be contrary to local law or regulation. None of the services or investments referred to on this website is available to persons residing in any country where the provision of such services or investments would be contrary to local law or regulation. It is the responsibility of visitors to this website to ascertain the terms of their own country of residence and comply with any local law or regulation to which they are subject.
 

TESTIMONIALS

Testimonials found on this website, in any educational program, or any promotional materials, may or may not be representative of all reasonably comparable Users. Past performance is not indicative of future results or success. The individuals quoted in the testimonials used were not paid to be quoted unless specifically identified. The testimonials used on this website are non-representative of all Users; certain accounts may have worse performance than that indicated. Individual results vary and no representation is being made that Users will or are likely to achieve profits or incur losses comparable to those that may be shown.
 

THIRD-PARTY

Any links provided or referenced to other websites are offered as a matter of convenience and in no way are meant to imply that XLtrade endorses, sponsors, promotes, or is affiliated with the owners of or participants in those sites, or endorses or warrants any information contained on those sites unless expressly stated. XLtrade does not endorse, guarantee or warranty any third party products advertised on its site, in its promotional materials, or otherwise referenced in any information provided by XLtrade or derived from XLtrade's website, and XLtrade expressly disclaims any responsibility and accepts no liability with respect to such information and products.
 

OUR COMMITMENT TO RESPONSIBLE INTERNET USAGE

Users of this website must be at least (18) years of age and have the legal authority to accept the General Disclaimer and Terms and Conditions. XLtrade does not knowingly collect or solicit information from anyone under the age of 18. If you are under the age of 18, you should use this website only with the involvement of a parent or guardian and should not submit any personal information to us. If you are under the age of eighteen (18), your parent or legal guardian must be a counterparty to acceptance of all disclaimers, warranties, agreements, and terms and conditions. We do not solicit, collect, or maintain information at our website from those we know are under the age of thirteen (13). XLtrade is committed to safe and responsible internet usage.
 

ELECTRONIC COMMUNICATIONS POLICY

You agree and consent to receive electronically all communications, agreements, documents, notices, and disclosures (collectively, “Communications”) that are provided in connection with your experience with XLtrade and your use of our services.
 

Communications include but are not limited to:
 

Agreements and policies to which you agree (e.g., the XLtrade's General Terms of Use and the XLtrade's Privacy Policy), including updates to these agreements or policies;
 

Annual disclosures

Transaction receipts or confirmations; and

Any other information pertaining to our relationship with you or the product you purchased.
 

How to Withdraw Consent

You may withdraw your consent to receive communications electronically by writing to us at contact@xltrade.net.

If you fail to provide or if you withdraw your consent to receive communications electronically, XLtrade reserves the right to either deny, restrict or deactivate your access or charge you additional fees for paper copies.

 

Updating Your Contact Information

It is your responsibility to keep your primary email address up to date so that XLtrade communicate with you electronically. You understand and agree that if XLtrade sends you an electronic Communication but you do not receive it because your primary email address on file is incorrect, out of date, blocked by your service provider, or you are otherwise unable to receive electronic communications, XLtrade will be deemed to have provided the communication to you.
 

Please note that if you use a spam filter that blocks or re-routes emails from senders not listed in your email address book, you must add XLtrade to your email address book so that you will be able to receive the communications we send to you.
 

You can update your primary email address or street address at any time by contacting XLtrade. If your email address becomes invalid such that electronic communications sent to you by XLtrade are returned, XLtrade may deem you to be inactive, and you will not be able to access any information until we receive a valid, working primary email address from you.

XLTRADE offers four levels of trader funding:

  • $1 Million Dollar Experience

  • $ 500k lite

  • $ 400k lite

  • $ 100k lite

  • $ 50k lite

$1 MILLION DOLLAR EXPERIENCE

The first stage is to qualify to become a FUNDED TRADER up to USD 1 Million. Once a trader has successfully passed

the initial evaluation, the trader receives a funded account in the amount of USD 100,000 for trading.

The trader is then eligible for a profit payout in the amount of 80 % of the profits generated during

each performance cycle.

 

In order to step up to USD 1 Million, the trader must pass the XLtrade milestones. The first step is to achieve

a performance target of 10% within thirty calendar days on the funded account. In the event of success, the trader will receive a funded account in the amount of USD 200,000. The next step following the same procedure is USD 500,000 and the last step following the same procedure is USD 1 Million.

The second stage, if a trader wants to expand to the highest level, is to become an XLTRADE ELITE TRADER.  
Based on the performance generated on the funded account in the amount of USD 1 Million, XLtrade's evaluation team decides at what conditions a trader will receive capital beyond USD 1 Million.

AT THAT LEVEL THERE ARE VIRTUALLY NO LIMITS FOR A PASSIONATE TRADER.


XLTRADE  FUNDING

Below we describe the requirements and procedure to become a funded trader.
The first step every trader has to pass is the initial evaluation.

EVALUATION​

  • DURATION  NINETY CALENDAR DAYS - minimum 60 days

  • MINIMUM PERFORMANCE - 10% EACH CYCLE

  • PERFORMANCE CYCLE - THIRTY CALENDAR DAYS | 30

  • STRATEGY RESTRICTION - NONE

  • LOT SIZE RESTRICTIONS - NONE

  • ACCOUNT DRAWDOWN - FIVE PERCENT | 5%

  • DAILY DRAWDOWN - NO LIMIT

  • OVERNIGHT POSITIONS - YES

  • POSITIONS OVER WEEKEND - YES

  • EVALUATION BONUS - FOURTY PERCENT | 40%

 

DURATION
The duration of the evaluation period is ninety calendar days starting with the date trading has commenced. The evaluation period may be shortened to sixty calendar days in the event a trader generates impeccable results.

Example: When a trader starts on the 5th of a month, the evaluation period ends on the 5th day of the month after the ninety calendar days are completed.


PERFORMANCE TARGET

A performance target of at least 10% has to be achieved during each performance cycle.
Example: If a trader has commenced trading on the 5th of a month, the target has to be achieved on the 5th of the next month, EOD (performance cycle).

 

PERFORMANCE CYCLE

A performance cycle is thirty calendar days starting periodically on the day when trading commenced.

Example: When a trader starts trading on the 5th of a month, the performance cycle starts on the 5th of

the month and ends on the 5th of the following month.

 

MAXIMUM ACCOUNT DRAWDOWN

At any time, the account balance must be maintained within a moderate risk range and must not drop below 5% at any given time of the relevant cycle during the evaluation period and on funded accounts up

to USD 1 Million.

The high watermark for the account drawdown is the start balance and the realized/unrealized balance or equity (whatever is higher) each Friday at 12 pm, PT thereafter.

EXAMPLE:

Start balance: The account balance or the realized/unrealized equity must not drop below the

USD 95,000 level based on the start balance.

Account increase: In the event, the account grows (to USD 105,000 as an example) and the account balance or realized/unrealized equity sits at USD 105,000 on a Friday, 12 pm, PT, the assessment basis is

USD 105,000 (high watermark) and holds for the following week.

In the event, the account grows, the high watermark adjusts accordingly each Friday, 12 pm, PT.

In the event, the account value drops below USD 105,000, the historically highest value

(high watermark (USD 105,000)) represents the assessment basis for the maximum drawdown.

MAXIMUM DAILY DRAWDOWN

There are no restrictions on the daily exposure, but a trader is required to maintain a moderate risk level

in order to avoid the maximum account drawdown during the trading week.

 

OVERNIGHT POSITIONS

Open positions may be maintained overnight.

 

OVER WEEKEND POSITIONS

Open positions may be maintained over the weekend.

 

STRATEGY RESTRICTIONS

There are no strategy restrictions.
A trader may trade any style as long as the risk parameters are maintained.

 

INSTRUMENTS TRADED

All instruments may be traded without any restrictions, including:

  • Equity Indices

  • Forex Majors/ Forex Crosses

  • Gold/ Silver

  • Cryptos

  • Oil

 

TRADING PLATFORM

At the evaluation level and the funded level, a trader trades on the MT4 platform with access data

provided by XLtrade.

 

RELEVANT TIME ZONE

The relevant time zone for all trading is the Central European (Summer) Time (CEST).

TERMINATION

Any account will be terminated in the event of

  • the maximum account drawdown

  • failure to commence trading

In the event of termination, the evaluation may be repeated. For continuation, a reactivation fee will apply.

At any time, XLtrade is entitled to terminate any account. In such an event, all profits accumulated on a funded account (if any) will be paid to the trader.

 

NUMBER OF ACCOUNTS

A trader is allowed to combine up to five funding accounts at one registration. The accounts may be managed simultaneously by using a trade copier implemented by the trader.

 

EVALUATION ACCOUNT

During the evaluation period, a trader trades on an evaluation account in the amount of

USD 100,000 exclusively set up for the trader.

 

FUNDED ACCOUNT
After the successful completion of the evaluation, the trader will become eligible for funding in the amount of USD 100,000 and is entitled to step up in accordance with XLtrade's milestones.

  • MINIMUM PERFORMANCE - TEN PERCENT | 10% | each cycle | step up

  • PERFORMANCE CYCLE - THIRTY CALENDAR DAYS | 30

  • PROFIT SHARE - EIGHTY PERCENT | 80%

  • PROFIT PAYOUT - MONTHLY | IN FULL OR IN PART

  • STRATEGY RESTRICTION - NONE

  • LOT SIZE RESTRICTIONS - NONE

  • ACCOUNT DRAWDOWN - TEN PERCENT | 10%

  • DAILY DRAWDOWN - NO LIMIT

  • OVERNIGHT POSITIONS - YES

  • POSITIONS OVER WEEKEND - YES

PROFIT SHARE

After the evaluation period, a trader is no longer bound to the 10 % profit target, unless the trader aims to achieve the one Million Dollar level. The trader will receive a share of 80% of the profits generated during each performance cycle.

 

PROFIT PAYOUT

The trader receives his/her account summary within 24 hours after the relevant performance cycle has ended. XLtrade releases the payout immediately once approved and requested by the trader.  

A trader has the option to request the profit payout in full or in part.
 

SETUP PROCEDURE – EVALUATION

Upon successful payment of the setup fee, a trader will receive a link to download the

  • EVALUATION ACCOUNT

which is on the MT4 platform provided by XLtrade using the latest ECN technology.

Further, a trader will receive her/his personal

  • ACCESS DATA

in order to access the account within 24 hours.

​After a trader has received the relevant access data, the trader must commence trading within seven calendar days in order to avoid termination.

SETUP PROCEDURE – FUNDED ACCOUNT

In the event a trader has passed the evaluation period in compliance with the given performance and risk parameters, the trader will receive a

  • USD  100,000 FUNDED ACCOUNT

being eligible for a profit share in the amount of

  • EIGHTY PERCENT | 80%

after each cycle in the event of positive returns.

PERFORMANCE MILESTONES

In order to step up to USD 1 Million, the trader must pass several performance milestones. The first step is to achieve a performance target of 10% within thirty calendar days on the funded account. In the event of success, the trader will receive a funded account in the amount of 

  • USD 200,000.

​The next step following the same procedure is

  • USD 500,000

and the last step following the same procedure is

  • USD 1 Million.

At each reached performance milestone, the trader is eligible for profit participation in the amount of 80%.

XLTRADE | 500k lite


The first step every trader has to pass is the initial evaluation.

EVALUATION​

  • DURATION - NINETY CALENDAR DAYS | minimum 60 days

  • MINIMUM PERFORMANCE - 10% EACH CYCLE

  • PERFORMANCE CYCLE - THIRTY CALENDAR DAYS | 30

  • STRATEGY RESTRICTION - NONE

  • LOT SIZE RESTRICTIONS  - NONE

  • ACCOUNT DRAWDOWN - FIVE PERCENT | 5%

  • DAILY DRAWDOWN - NO LIMIT

  • OVERNIGHT POSITIONS - YES

  • POSITIONS OVER WEEKEND - YES

  • EVALUATION BONUS - FOURTY PERCENT | 40%

 

DURATION
The duration of the evaluation period is ninety calendar days starting with the date trading has commenced. The evaluation period may be shortened to sixty calendar days in the event a trader generates impeccable results.

Example: When a trader starts on the 5th of a month, the evaluation period ends on the 5th day of the month after the ninety calendar days are completed.


PERFORMANCE TARGET

A performance target of at least 10% has to be achieved during each performance cycle.
Example: If a trader has commenced trading on the 5th of a month, the target has to be achieved on the 5th of the next month, EOD (performance cycle).

 

PERFORMANCE CYCLE

A performance cycle is thirty calendar days starting periodically on the day when trading commenced.

Example: When a trader starts trading on the 5th of a month, the performance cycle starts on the 5th of

the month and ends on the 5th of the following month.

 

MAXIMUM ACCOUNT DRAWDOWN

At any time, the account balance must be maintained within a moderate risk range and must not drop below 5% at any given time of the relevant cycle during the evaluation period and on funded accounts neither. The high watermark for the account drawdown is the start balance and the realized/unrealized balance or equity (whatever is higher) each Friday at 12 pm, PT thereafter.

EXAMPLE:

Start balance: The account balance or the realized/unrealized equity must not drop below the

USD 475,000 level based on the start balance.

Account increase: In the event, the account grows (to USD 520,000 as an example) and the account balance or realized/unrealized equity sits at USD 520,000 on a Friday, 12 pm, PT, the assessment basis is

USD 520,000 (high watermark) and holds for the following week.

In the event, the account grows, the high watermark adjusts accordingly each Friday, 12 pm, PT.

In the event, the account value drops below USD 520,000, the historically highest value

(high watermark (USD 520,000)) represents the assessment basis for the maximum drawdown.

MAXIMUM DAILY DRAWDOWN

There are no restrictions on the daily exposure, but a trader is required to maintain a moderate risk level

in order to avoid the maximum account drawdown during the trading week.

 

OVERNIGHT POSITIONS

Open positions may be maintained overnight.

 

OVER WEEKEND POSITIONS

Open positions may be maintained over the weekend.

 

STRATEGY RESTRICTIONS

There are no strategy restrictions.
A trader may trade any style as long as the risk parameters are maintained.

 

INSTRUMENTS TRADED

All instruments may be traded without any restrictions, including:

  • Equity Indices

  • Forex Majors/ Forex Crosses

  • Gold/Silver

  • Cryptos

  • Oil

 

TRADING PLATFORM

At the evaluation level and the funded level, a trader trades on the MT4 platform with access data

provided by XLtrade.

 

RELEVANT TIME ZONE

The relevant time zone for all trading is the Central European (Summer) Time (CEST).

TERMINATION

Any account will be terminated in the event of

  • the maximum account drawdown

  • failure to commence trading

In the event of termination, the evaluation may be repeated. For continuation, a reactivation fee will apply.

At any time, XLtrade is entitled to terminate any account. In such an event, all profits accumulated on a funded account (if any) will be paid to the trader.

 

NUMBER OF ACCOUNTS

A trader is allowed to combine up to five funding accounts at one registration. The accounts may be managed simultaneously by using a trade copier implemented by the trader.

 

EVALUATION ACCOUNT

During the evaluation period, a trader trades on an evaluation account in the amount of

USD 500,000 exclusively set up for the trader.

 

FUNDED ACCOUNT
After the successful completion of the evaluation, the trader will become eligible for funding in the amount of USD 500,000 and is entitled for profit payout in the event of success.

  • MINIMUM PERFORMANCE   NONE

  • PERFORMANCE CYCLE   THIRTY CALENDAR DAYS | 30

  • PROFIT SHARE   EIGHTY PERCENT | 80%

  • PROFIT PAYOUT   MONTHLY | IN FULL OR IN PART

  • STRATEGY RESTRICTION  NONE

  • LOT SIZE RESTRICTIONS   NONE

  • ACCOUNT DRAWDOWN  TEN PERCENT | 10%

  • DAILY DRAWDOWN   NO LIMIT

  • OVERNIGHT POSITIONS  YES

  • POSITIONS OVER WEEKEND  YES

  • ACCOUNT INCREASE  25% | every three months

PROFIT SHARE

After the evaluation period, a trader is no longer bound to the 10 % profit target.

The trader will receive a share of 80% of the profits generated during each performance cycle.

 

PROFIT PAYOUT

The trader receives his/her account summary within 24 hours after the relevant performance cycle has ended. XLtrade releases the payout immediately once approved and requested by the trader.  

A trader has the option to request the profit payout in full or in part.

 

SETUP PROCEDURE – EVALUATION

Upon successful payment of the setup fee, a trader will receive a link to download the

  • EVALUATION ACCOUNT

which is on the MT4 platform provided by XLtrade using the latest ECN technology.

Further, a trader will receive her/his personal

  • ACCESS DATA

in order to access the account within 24 hours.

After a trader has received the relevant access data, the trader must commence trading within seven calendar days in order to avoid termination.


SETUP PROCEDURE – FUNDED ACCOUNT

In the event a trader has passed the evaluation period in compliance with the given performance and risk parameters, the trader will receive a

  • USD 500,000 FUNDED ACCOUNT

being eligible for a profit share in the amount of

  • EIGHTY PERCENT | 80%

after each cycle in the event of positive returns.

An account being a funded account is no longer bound to the 10% profit target, but risk parameters are maintained.

XLTRADE  | 400k lite

The first step every trader has to pass is the initial evaluation.

EVALUATION​

  • DURATION - NINETY CALENDAR DAYS | minimum 60 days

  • MINIMUM - PERFORMANCE  10% EACH CYCLE

  • PERFORMANCE CYCLE - THIRTY CALENDAR DAYS | 30

  • STRATEGY RESTRICTION - NONE

  • LOT SIZE RESTRICTIONS - NONE

  • ACCOUNT DRAWDOWN - FIVE PERCENT | 5%

  • DAILY DRAWDOWN - NO LIMIT

  • OVERNIGHT POSITIONS - YES

  • POSITIONS OVER WEEKEND - YES

  • EVALUATION BONUS - FOURTY PERCENT | 40%

 

DURATION
The duration of the evaluation period is ninety calendar days starting with the date trading has commenced. The evaluation period may be shortened to sixty calendar days in the event a trader generates impeccable results.

Example: When a trader starts on the 5th of a month, the evaluation period ends on the 5th day of the month after the ninety calendar days are completed.


PERFORMANCE TARGET

A performance target of at least 10% has to be achieved during each performance cycle.
Example: If a trader has commenced trading on the 5th of a month, the target has to be achieved on the 5th of the next month, EOD (performance cycle).

 

PERFORMANCE CYCLE

A performance cycle is thirty calendar days starting periodically on the day when trading commenced.

Example: When a trader starts trading on the 5th of a month, the performance cycle starts on the 5th of

the month and ends on the 5th of the following month.

 

MAXIMUM ACCOUNT DRAWDOWN

At any time, the account balance must be maintained within a moderate risk range and must not drop below 5% at any given time of the relevant cycle during the evaluation period and on funded accounts neither. The high watermark for the account drawdown is the start balance and the realized/unrealized balance or equity (whatever is higher) each Friday at 12 pm, PT thereafter.

EXAMPLE:

Start balance: The account balance or the realized/unrealized equity must not drop below the

USD 380,000 level based on the start balance.

Account increase: In the event, the account grows (to USD 420,000 as an example) and the account balance or realized/unrealized equity sits at USD 420,000 on a Friday, 12 pm, PT, the assessment basis is

USD 420,000 (high watermark) and holds for the following week.

In the event, the account grows, the high watermark adjusts accordingly each Friday, 12 pm, PT.

In the event, the account value drops below USD 420,000, the historically highest value

(high watermark (USD 420,000)) represents the assessment basis for the maximum drawdown.

MAXIMUM DAILY DRAWDOWN

There are no restrictions on the daily exposure, but a trader is required to maintain a moderate risk level

in order to avoid the maximum account drawdown during the trading week.

 

OVERNIGHT POSITIONS

Open positions may be maintained overnight.

 

OVER WEEKEND POSITIONS

Open positions may be maintained over the weekend.

 

STRATEGY RESTRICTIONS

There are no strategy restrictions.
A trader may trade any style as long as the risk parameters are maintained.

 

INSTRUMENTS TRADED

All instruments may be traded without any restrictions, including:

  • Equity Indices

  • Forex Majors/ Forex Crosses

  • Gold/ Silver

  • Cryptos

  • Oil

 

TRADING PLATFORM

At the evaluation level and the funded level, a trader trades on the MT4 platform with access data

provided by XLtrade.

 

RELEVANT TIME ZONE

The relevant time zone for all trading is the Central European (Summer) Time (CEST).

TERMINATION

Any account will be terminated in the event of

  • the maximum account drawdown

  • failure to commence trading

In the event of termination, the evaluation may be repeated. For continuation, a reactivation fee will apply.

At any time, XLtrade is entitled to terminate any account. In such an event, all profits accumulated on a funded account (if any) will be paid to the trader.

 

NUMBER OF ACCOUNTS

A trader is allowed to combine up to five funding accounts at one registration. The accounts may be managed simultaneously by using a trade copier implemented by the trader.

 

EVALUATION ACCOUNT

During the evaluation period, a trader trades on an evaluation account in the amount of

USD 400,000 exclusively set up for the trader.

 

FUNDED ACCOUNT
After the successful completion of the evaluation, the trader will become eligible for funding in the amount of USD 400,000 and is entitled to a profit payout in the event of success.

  • MINIMUM PERFORMANCE - NONE

  • PERFORMANCE CYCLE - THIRTY CALENDAR DAYS | 30

  • PROFIT SHARE - EIGHTY PERCENT | 80%

  • PROFIT PAYOUT - MONTHLY | IN FULL OR IN PART

  • STRATEGY RESTRICTION - NONE

  • LOT SIZE RESTRICTIONS - NONE

  • ACCOUNT DRAWDOWN - TEN PERCENT | 10%

  • DAILY DRAWDOWN - NO LIMIT

  • OVERNIGHT POSITIONS - YES

  • POSITIONS OVER WEEKEND - YES

  • ACCOUNT INCREASE - 25% | every three months

PROFIT SHARE

After the evaluation period, a trader is no longer bound to the 10 % profit target.

The trader will receive a share of 80% of the profits generated during each performance cycle.

 

PROFIT PAYOUT

The trader receives his/her account summary within 24 hours after the relevant performance cycle has ended. XLtrade releases the payout immediately once approved and requested by the trader.  

A trader has the option to request the profit payout in full or in part.
 

SETUP PROCEDURE – EVALUATION

Upon successful payment of the setup fee, a trader will receive a link to download the

  • EVALUATION ACCOUNT

which is on the MT4 platform provided by XLtrade using the latest ECN technology.

Further, a trader will receive her/his personal

  • ACCESS DATA

in order to access the account within 24 hours.

After a trader has received the relevant access data, the trader must commence trading within seven calendar days in order to avoid termination.


SETUP PROCEDURE – FUNDED ACCOUNT

In the event a trader has passed the evaluation period in compliance with the given performance and risk parameters, the trader will receive a

  • USD 400,000 FUNDED ACCOUNT

being eligible for a profit share in the amount of

  • EIGHTY PERCENT | 80%

after each cycle in the event of positive returns.

An account being a funded account is no longer bound to the 10% profit target, but risk parameters are maintained.

XLTRADE | 100k lite

The first step every trader has to pass is the initial evaluation.

EVALUATION​

  • DURATION - NINETY CALENDAR DAYS | minimum 60 days

  • MINIMUM PERFORMANCE - 10% EACH CYCLE

  • PERFORMANCE CYCLE - THIRTY CALENDAR DAYS | 30

  • STRATEGY RESTRICTION - NONE

  • LOT SIZE RESTRICTIONS - NONE

  • ACCOUNT DRAWDOWN - FIVE PERCENT | 5%

  • DAILY DRAWDOWN - NO LIMIT

  • OVERNIGHT POSITIONS - YES

  • POSITIONS OVER WEEKEND - YES

  • EVALUATION BONUS - FOURTY PERCENT | 40%

 

DURATION
The duration of the evaluation period is ninety calendar days starting with the date trading has commenced. The evaluation period may be shortened to sixty calendar days in the event a trader generates impeccable results.

Example: When a trader starts on the 5th of a month, the evaluation period ends on the 5th day of the month after the ninety calendar days are completed.


PERFORMANCE TARGET

A performance target of at least 10% has to be achieved during each performance cycle.
Example: If a trader has commenced trading on the 5th of a month, the target has to be achieved on the 5th of the next month, EOD (performance cycle).

 

PERFORMANCE CYCLE

A performance cycle is thirty calendar days starting periodically on the day when trading commenced.

Example: When a trader starts trading on the 5th of a month, the performance cycle starts on the 5th of

the month and ends on the 5th of the following month.

 

MAXIMUM ACCOUNT DRAWDOWN

At any time, the account balance must be maintained within a moderate risk range and must not drop below 5% at any given time of the relevant cycle during the evaluation period and on funded accounts neither. The high watermark for the account drawdown is the start balance and the realized/unrealized balance or equity (whatever is higher) each Friday at 12 pm, PT thereafter.

EXAMPLE:

Start balance: The account balance or the realized/unrealized equity must not drop below the

USD 95,000 level based on the start balance.

Account increase: In the event, the account grows (to USD 105,000 as an example) and the account balance or realized/unrealized equity sits at USD 105,000 on a Friday, 12 pm, PT, the assessment basis is

USD 105,000 (high watermark) and holds for the following week.

In the event, the account grows, the high watermark adjusts accordingly each Friday, 12 pm, PT.

In the event, the account value drops below USD 105,000, the historically highest value

(high watermark (USD 105,000)) represents the assessment basis for the maximum drawdown.

MAXIMUM DAILY DRAWDOWN

There are no restrictions on the daily exposure, but a trader is required to maintain a moderate risk level

in order to avoid the maximum account drawdown during the trading week.

 

OVERNIGHT POSITIONS

Open positions may be maintained overnight.

 

OVER WEEKEND POSITIONS

Open positions may be maintained over the weekend.

 

STRATEGY RESTRICTIONS

There are no strategy restrictions.
A trader may trade any style as long as the risk parameters are maintained.

 

INSTRUMENTS TRADED

All instruments may be traded without any restrictions, including:

  • Equity Indices

  • Forex Majors/ Forex Crosses

  • Gold/ Silver

  • Cryptos

  • Oil

 

TRADING PLATFORM

At the evaluation level and the funded level, a trader trades on the MT4 platform with access data

provided by XLtrade.

 

RELEVANT TIME ZONE

The relevant time zone for all trading is the Central European (Summer) Time (CEST).

TERMINATION

Any account will be terminated in the event of

  • the maximum account drawdown

  • failure to commence trading

In the event of termination, the evaluation may be repeated. For continuation, a reactivation fee will apply.

At any time, XLtrade is entitled to terminate any account. In such an event, all profits accumulated on a funded account (if any) will be paid to the trader.

 

NUMBER OF ACCOUNTS

A trader is allowed to combine up to five funding accounts at one registration. The accounts may be managed simultaneously by using a trade copier implemented by the trader.

 

EVALUATION ACCOUNT

During the evaluation period, a trader trades on an evaluation account in the amount of

USD 100,000 exclusively set up for the trader.

 

FUNDED ACCOUNT
After the successful completion of the evaluation, the trader will become eligible for funding in the amount of USD 100,000 and is entitled to a profit payout in the event of success.

  • MINIMUM PERFORMANCE - NONE

  • PERFORMANCE CYCLE - THIRTY CALENDAR DAYS | 30

  • PROFIT SHARE - EIGHTY PERCENT | 80%

  • PROFIT PAYOUT - MONTHLY | IN FULL OR IN PART

  • STRATEGY RESTRICTION - NONE

  • LOT SIZE RESTRICTIONS - NONE

  • ACCOUNT DRAWDOWN - TEN PERCENT | 10%

  • DAILY DRAWDOWN - NO LIMIT

  • OVERNIGHT POSITIONS - YES

  • POSITIONS OVER WEEKEND - YES

  • ACCOUNT INCREASE - 25% | every three months

PROFIT SHARE

After the evaluation period, a trader is no longer bound to the 10 % profit target.

The trader will receive a share of 80% of the profits generated during each performance cycle.

 

PROFIT PAYOUT

The trader receives his/her account summary within 24 hours after the relevant performance cycle has ended. XLtrade releases the payout immediately once approved and requested by the trader.  

A trader has the option to request the profit payout in full or in part.
 

SETUP PROCEDURE – EVALUATION

Upon successful payment of the setup fee, a trader will receive a link to download the

  • EVALUATION ACCOUNT

which is on the MT4 platform provided by XLtrade using the latest ECN technology.

Further, a trader will receive her/his personal

  • ACCESS DATA

in order to access the account within 24 hours.

After a trader has received the relevant access data, the trader must commence trading within seven calendar days in order to avoid termination.


SETUP PROCEDURE – FUNDED ACCOUNT

In the event a trader has passed the evaluation period in compliance with the given performance and risk parameters, the trader will receive a

  • USD 100,000 FUNDED ACCOUNT

being eligible for a profit share in the amount of

  • EIGHTY PERCENT | 80%

after each cycle in the event of positive returns.

An account being a funded account is no longer bound to the 10% profit target, but risk parameters are maintained.

XLTRADE  | 50k lite

The first step every trader has to pass is the initial evaluation.

EVALUATION​

  • DURATION - NINETY CALENDAR DAYS | minimum 60 days

  • MINIMUM PERFORMANCE - 10% EACH CYCLE

  • PERFORMANCE CYCLE - THIRTY CALENDAR DAYS | 30

  • STRATEGY RESTRICTION - NONE

  • LOT SIZE RESTRICTIONS - NONE

  • ACCOUNT DRAWDOWN - FIVE PERCENT | 5%

  • DAILY DRAWDOWN - NO LIMIT

  • OVERNIGHT POSITIONS - YES

  • POSITIONS OVER WEEKEND -YES

  • EVALUATION BONUS - FOURTY PERCENT | 40%

 

DURATION
The duration of the evaluation period is ninety calendar days starting with the date trading has commenced. The evaluation period may be shortened to sixty calendar days in the event a trader generates impeccable results.

Example: When a trader starts on the 5th of a month, the evaluation period ends on the 5th day of the month after the ninety calendar days are completed.


PERFORMANCE TARGET

A performance target of at least 10% has to be achieved during each performance cycle.
Example: If a trader has commenced trading on the 5th of a month, the target has to be achieved on the 5th of the next month, EOD (performance cycle).

 

PERFORMANCE CYCLE

A performance cycle is thirty calendar days starting periodically on the day when trading commenced.

Example: When a trader starts trading on the 5th of a month, the performance cycle starts on the 5th of

the month and ends on the 5th of the following month.

 

MAXIMUM ACCOUNT DRAWDOWN

At any time, the account balance must be maintained within a moderate risk range and must not drop below 5% at any given time of the relevant cycle during the evaluation period and on funded accounts neither. The high watermark for the account drawdown is the start balance and the realized/unrealized balance or equity (whatever is higher) each Friday at 12 pm, PT thereafter.

EXAMPLE:

Start balance: The account balance or the realized/unrealized equity must not drop below the

USD 47,500 level based on the start balance.

Account increase: In the event, the account grows (to USD 53,000 as an example) and the account balance or realized/unrealized equity sits at USD 53,000 on a Friday, 12 pm, PT, the assessment basis is

USD 53,000 (high watermark) and holds for the following week.

In the event, the account grows, the high watermark adjusts accordingly each Friday, 12 pm, PT.

In the event, the account value drops below USD 53,000, the historically highest value

(high watermark (USD 53,000)) represents the assessment basis for the maximum drawdown.

MAXIMUM DAILY DRAWDOWN

There are no restrictions on the daily exposure, but a trader is required to maintain a moderate risk level

in order to avoid the maximum account drawdown during the trading week.

 

OVERNIGHT POSITIONS

Open positions may be maintained overnight.

 

OVER WEEKEND POSITIONS

Open positions may be maintained over the weekend.

 

STRATEGY RESTRICTIONS

There are no strategy restrictions.
A trader may trade any style as long as the risk parameters are maintained.

 

INSTRUMENTS TRADED

All instruments may be traded without any restrictions, including:

  • Equity Indices

  • Forex Majors/ Forex Crosses

  • Gold/ Silver

  • Cryptos

  • Oil

 

TRADING PLATFORM

At the evaluation level and the funded level, a trader trades on the MT4 platform with access data

provided by XLtrade.

 

RELEVANT TIME ZONE

The relevant time zone for all trading is the Central European (Summer) Time (CEST).

TERMINATION

Any account will be terminated in the event of

  • the maximum account drawdown

  • failure to commence trading

In the event of termination, the evaluation may be repeated. For continuation, a reactivation fee will apply.

At any time, XLtrade is entitled to terminate any account. In such an event, all profits accumulated on a funded account (if any) will be paid to the trader.

 

NUMBER OF ACCOUNTS

A trader is allowed to combine up to five funding accounts at one registration. The accounts may be managed simultaneously by using a trade copier implemented by the trader.

 

EVALUATION ACCOUNT

During the evaluation period, a trader trades on an evaluation account in the amount of

USD 50,000 exclusively set up for the trader.

 

FUNDED ACCOUNT
After the successful completion of the evaluation, the trader will become eligible for funding in the amount of
USD 50,000 and is entitled to a profit payout in the event of success.

  • MINIMUM PERFORMANCE - NONE

  • PERFORMANCE CYCLE - THIRTY CALENDAR DAYS | 30

  • PROFIT SHARE - EIGHTY PERCENT | 80%

  • PROFIT PAYOUT - MONTHLY | IN FULL OR IN PART

  • STRATEGY RESTRICTION - NONE

  • LOT SIZE RESTRICTIONS - NONE

  • ACCOUNT DRAWDOWN - TEN PERCENT | 10%

  • DAILY DRAWDOWN - NO LIMIT

  • OVERNIGHT POSITIONS - YES

  • POSITIONS OVER WEEKEND - YES

  • ACCOUNT INCREASE - 25% | every three months

PROFIT SHARE

After the evaluation period, a trader is no longer bound to the 10 % profit target.

The trader will receive a share of 80% of the profits generated during each performance cycle.

 

PROFIT PAYOUT

The trader receives his/her account summary within 24 hours after the relevant performance cycle has ended. XLtrade releases the payout immediately once approved and requested by the trader.  

A trader has the option to request the profit payout in full or in part.

SETUP PROCEDURE – EVALUATION

Upon successful payment of the setup fee, a trader will receive a link to download the

  • EVALUATION ACCOUNT

which is on the MT4 platform provided by XLtrade using the latest ECN technology.

Further, a trader will receive her/his personal

  • ACCESS DATA

in order to access the account within 24 hours.

After a trader has received the relevant access data, the trader must commence trading within seven calendar days in order to avoid termination.


SETUP PROCEDURE – FUNDED ACCOUNT

In the event a trader has passed the evaluation period in compliance with the given performance and risk parameters, the trader will receive a

  • USD 50,000 FUNDED ACCOUNT

being eligible for a profit share in the amount of

  • EIGHTY PERCENT | 80%

after each cycle in the event of positive returns.

An account being a funded account is no longer bound to the 10% profit target, but risk parameters are maintained.

SCENARIOS - EVALUATION PERIOD

  • In the event, a trader does not achieve the profit target at any given month during the evaluation period, the trader has the chance to start the evaluation again.

  • In the event, a trader finalizes any given month during the evaluation process with negative results, the trader has the chance to restart the evaluation.  The setup fee has to be paid again.

  • In the event a trader hits the maximum account drawdown, the trader may have the chance to repeat the evaluation process at conditions to be discussed individually.

SCENARIOS - FUNDED ACCOUNT

  • In the event, a trader achieves positive results at any given month, the trader
    is eligible for profit payout in the amount of eighty per cent (80%) of the achieved profits after
    each cycle.

  • In the event a trader achieves negative results at any given month, the trader
    is not obliged to cover the losses. Any funded account will be terminated after three consecutive months of losses.

  • In the event a trader hits the maximum account drawdown, any account will be terminated with immediate effect.

GENERAL CONDITIONS

EVALUATION PERIOD

  • In the event, a trader does not achieve the profit target in a cycle during the evaluation process, the trader has the chance to start the evaluation again.

  • In the event, a trader does not achieve the profit target in a cycle during the evaluation process but remains above start balance, the trader will get a free repeat.

  • In the event, a trader finalizes a cycle during the evaluation process with negative results, the trader has the chance to restart the evaluation but the setup fee has to be paid again.

  • In the event a trader exceeds the maximum account drawdown, the trader may have the chance to repeat the evaluation process at conditions to be discussed individually.

FUNDED STATUS

  • In the event, a trader achieves positive results at any given month, the trader is eligible for profit payout in the amount of eighty percent (80%) of the achieved profits after each cycle.

  • In the event, a trader utilized the Action Discoount, the trader is eligible for profit payout in the amount of
    ninety (90%) paid out each Friday on request.

  • In the event a trader achieves negative results at any given month, the trader is not obliged to cover the losses.
    Any funded account will be terminated after three consecutive months of losses.

  • In the event a trader exceeds the maximum account drawdown, all open positions will be closed. The trader may continue at conditions to be discussed individually.

REFUND OF SETUP FEE
In the event of a 10% profit generated in the first month of trading on the funded account, a trader will receive a full refund of the setup fee.

EVALUATION BONUS

If a trader has successfully passed the evaluation, the trader gets eligible for an Evaluation Bonus in the amount of 40% of the profits generated during the evaluation and payable with the first payout on the funded account in the event the trading strategy qualifies (PROCEDURE: XLTRADE employs a database of successful trading strategies established by qualified traders. Once XLTRADE's algorithm identifies a profitable trading strategy, the allocation system gradually starts to allocate trades from the evaluation account(s) into XLTRADE's capital accounts. The Evaluation Bonus gets paid out of  XLTRADE's capital accounts).

Getting eligible for the Evaluation Bonus is not guaranteed as it depends on whether or not a trading strategy qualifies.
It may take several weeks until the allocation system starts utilizing a trading strategy for trades' allocation into XLTRADE's capital accounts.

ACCOUNT INCREASE

If a trader demonstrates profitable trading on a consistent basis on the funded account, the account increases by 25% every three months.

MARKET ACCESS, XLTRADE DMA

XLtrade utilizes various brokers at its own discretion to provide simulated evaluation accounts and/or funded accounts.
At funded status, Xltrade at its own discretion utilizes various brokers and/or XLtrades' proprietary  DMA.

EVALUATION ACCOUNTS

in the event, a trader enters into the evaluation process, a trader receives access data for an evaluation account. Evaluation accounts are simulated accounts reflecting real market conditions.

FUNDED ACCOUNTS

Once a trader has passed the relevant evaluation or has made a security deposit, the trader receives a funded account. Funded accounts are Live Trading Accounts. It's at the company's sole discretion at what broker funded accounts are being held.

DISPUTES

In the event of a dispute between XLtrade and/or its affiliated companies and the trader, Xltrades has the right to set a pending dispute to 'dispute status' at any time. A dispute status may affect a profit payout, a refundable fee or a security deposit (but not limited to that). In the event, a dispute has been set to 'dispute status', XLtrade and/or its affiliated companies are entitled to withhold profit payouts, fees or security deposits until the dispute has resolved, however in any circumstances at least for the period of 180 days. Legal and administration costs may apply. The jurisdiction for any disputes is the registered office address of the company.

SETUP FEE

The trader acknowledges, that the setup fee covers XLtrades' efforts to set up and monitor the evaluation account.  

The fee does not include the right to a funded account. By means of the evaluation, a trader must qualify for a funded account by matching the conditions and parameters connected to it.

SECURITY DEPOSIT

A trader has the option to request a Non-Evaluation Account in order to bypass the evaluation process.
Non-Evaluation Accounts are Master Accounts connected to the companies capital pool. In order to cover the risk,
a trader must make a security deposit of eight percent (8%) or any other amount agreed of the funded amount.
The security deposit will be released in the event an account can be secured at a performance level of at least 15% in relation to the account start balance, however not earlier than 90 days from the date trading has commenced.
In the event of a 'dispute status', the deposit will be withheld for a period of 180 days. In the event of the violation of the maximum drawdown allowance, XLtrade collects the deposit to cover the loss.

TERMINATION

Any  Evaluation will be terminated in the event of the maximum account drawdown or failure to commence trading.

In the event of termination, the evaluation may be repeated. 

 

At any time, XLtrade is entitled to terminate any account. In such an event, all profits accumulated on a funded account (if any) will be paid to the trader. All payouts including fees and security deposits are withheld for 180 days in the event of account termination by XLtrade.

REFUNDS

All charges for subscriptions, services and purchases are non-refundable and there are no refunds or for partly used periods. XLtrade is entitled to charge an Administration Fee of USD 2,100 in the event of unjustified refund requests. 

REFUND OF THE ASSESSMENT FEE

In the event, a trader passes the evaluation successfully, the trader will receive a full refund of the Assessment Fee.
The fee will be paid together with the first profit payout at funded status.

IDENTITY

A participant (trader) is obliged to produce proof of identity and proof of address. In the event, a participant fails to produce relevant proof, the evaluation will be declared invalid and any payment will be forfeited.

AGREEMENT

With purchase of an account and/or with making a security deposit, the trader agrees and is bound to the parameters and conditions set out in these General Terms of Use. XLTRADE (The company, Chimara.cc, BVI) may amend these terms and conditions from time to time based on prevailing market conditions.

You can contact us by email at contact@xltrade.net.