FAQ

• Cani i make directly into advance levels , in Funding program ?

  • No, you must finish evaluation one and then you need to move on to evaluation two, stages three and four levels. 

• Earning made on Evaluation one and two is that refundable?

  • Yes, its refundable, once you move to phase 3, during the time of phase three $5000, will refund the phase one and phase two. 
    

• Will I get the returns or profit share in phases one and two?

  • No, phase one and two are demo account, phase 3 & 4, that is $5000 & $10,000 starts from a real account, so you will get a profit share from phase 3 only. 
    

• Are there any minimum trading days in contest accounts?

  • Yes, there should be a minimum of five trading days in all levels of stages in a month.
    

• Can i continue trading after my floating drawdown exceeds?

  • The daily limit is a 5% draw down and the overall limit is a 10% drawdown, if is reached and then you try to recover during open trades or closed trades, you are not eligible to continue the contest, its violets the trading rules, 

    
    

• I failed in stage 2? Could I start from the stage 2 model?

  • Once you failed in evaluation stage 2, you need to start from evaluation one again, whichever model you lose the need to start from evaluation one. 
    

• Is Weekend open trades allowed?

  • No, at any stage during the weekend, open trades are not allowed.
    

• What will be the profit share Stage three and four?

  • Stage three 70% profit share allocated to you and stage four 75% profit allocated to you
    

• How you can reach each stage?

  • Stage one: 

    1) you need to achieve 10% returns within 30 trading days and also

    2) you should not reach, either  the 5% daily drawdown limit or 10% overall drawdown limit. In both the cases account will be suspended
    
    5% Drawdown limit Splits
    ? $100 equity - you can lose $5 in a day or overall equity should not fall below $90

    ? if you are in $105, you should not loss $5 in a day

    ? If you made a profit of $5, in open trades you are not supposed to lose 5% from the original deposit that is $5 loss in open trades, then you are not eligible to continue the contest
    
    10% overall Drawdown limit Splits:
    ? $10 (10%) in a day you should not lose in a day or overall equity should not fall below $90

    ? if you made a profit of $5 (5%), you are not allowed to lose $10 in open trades as well as closed trades

    ? Closed trades you made a profit of $10, however if you are not eligible to lose $10 in open trades.

    ? If your equity is profit, you are eligible to lose less than 5% for consecutive days.

    Eg: Day 1: profit $8, eligible to lose less than $5

     Day 1 & 2: Profit of $5 and $4, in the future trading periods within the profit you are eligible to lose $4 on day 4, $4 on day 5, $4 on day 6, $4 on day 7.

     Therefore, the overall loss was $16, however, you have not breached the 5% daily limit and equity has not fallen below $90, so you are eligible to continue the contest. Likewise, you can start crossing all the stages to reach live account profit share.
    

• For Stage four, what are the criteria to achieve?

  • While you are in stage three, try to accomplish 10% returns for any consecutive three months, then you will be automatically moved to stage four.
    

• Are Robo trades allowed? Are there any trade rules I need to follow?

  • (Algo)Robo trades are not allowed, HFT(High-frequency trades), Buy and sell in one and other accounts, arbitrage trades, copy trades, mam account, and PAMM account trades are not allowed for trading contest accounts.
    

• In what mode I will get the profit amount?

  • It will be Bank-Wire or cryptos (USTD) methods, depending upon the choice from connexar capital ltd however it is mandatory for all clients to submit the bank wire details during the withdrawal process. 
    

• What is the minimum withdrawal limit in Funding contest?

  • Once you reach the target of 5%, that is $250 for $5000 and $500 for $10,000 you can place the withdrawal request. Eg: if you achieved more than your target limit, you are welcome to place a withdrawal.  For Eg: if you made $2000 profit from $10,000, you can place a withdrawal request of $2000.
    

• What if i trade without making profit in live contest account ?

  • If you did not breach 5% daily drawdown and 10% overall drawdown, then you are eligible to continue the trading contest account for upcoming months, upcoming months your account will rest to original equity which is $5000 and $10,000
    Eg: if you made a profit of $400 from$10,000, even though you did not reach the target, next month account will reset to $10,000 you can elect to trade.
    

• Are there any general terms that I should know?

  • 
    

    ·         1:100 leverage for Forex pairs, 1:50 leverage for Commodities and indices

    ·         EA and Robot trading are strictly not allowed 

    ·         If you lost the daily limit or overall limit in open trades or closed trades and if you recovered the loss, then it is termed as breached the account. 

    ·         Trading credentials should not be changed, We are not responsible if your account is hacked or distributed

    ·         System monitoring will be maintained to make sure rules are followed

    ·         No refund of registration fees once trading started

    ·         No Arbitrage or Hedge trading, Same time buying and selling in multiple accounts not allowed

    ·         If your account is inactive for more than 5 days, it will be automatically disqualified

    ·         After your program registration, you will receive your login details within 3- 4 hours

    ·         Profit sharing will be applied by both broker and the trader, the ratio will be 70% on Stage 3 and 75% profit share on Stage 4 to the trader. 

    For Any new rules or terms please check frequently in registered emails will be adding the terms and conditions to this webpage.