FAQs
General
How many accounts can I have?
There are no limits on how many accounts you can have, as long as you do not exceed the maximum of 4 simultaneous challenges per user.
How long will it take to become a live trader after completing the 12 steps?
Instantly. Once you pass the challenge, you can follow the prompts in your Completion Pass email and get your live-funded account immediately.
Will I get a certificate once I pass to a funded account?
Yes. The certificate will be available in your Trader’s Dashboard, where it can be downloaded.
When will I get my account credentials after payment?
You should receive your account credentials within 30 minutes of your payment. When your account is created, you will receive a notification via email. If you do not find our email after making the payment, please check your spam/junk folder.
Can US residents buy challenges?
No, we do accept US residents, but soon, they will be accepted.
Can I reset my evaluation?
No. Once you start trading in your account, it is no longer possible to reset it.
Can I trade on my mobile?
Yes, you are allowed to trade using your mobile device.
Can I trade with someone else’s name?
No, each trader should work with their own name and account. Third-party trading is considered a violation of our terms and conditions and will result in problems during the KYC process.
Can I trade with someone else’s name?
No, each trader should work with their own name and account. Third-party trading is considered a violation of our terms and conditions and will result in problems during the KYC process.
Payments
How Do I Withdraw My Profits?
You can withdraw your profit from your client portal. Please ensure you are in profit at the end of the trading cycle and all positions are closed. Withdrawals can be requested from the “Profit Share” menu.
What is the withdrawal process?
After receiving the Funded Account (depending on the type of challenge you purchased), you can request a withdrawal, provided you comply with the minimum days established in the withdrawal frequency.
To request a withdrawal:
Create a real trading account at 4XC.
Go to your control panel and select the “Profit Sharing” section.
Save your payment details in the “Payment Details” menu in your dashboard.
Confirm that you have signed the contract and met the requirements (the contract can be found in the “Contracts” menu).
Once confirmed, your withdrawal will be marked as “Pending” until processed. Your account will be in “read-only” mode until the process is finalized.
After approval by the risk team, the finance team will process the payment and send you a confirmation.
Can I trade while I wait for my withdrawal?
To ensure you do not risk your profits, your account remains in “read-only” mode until the withdrawal is processed.
What are the payout methods available?
Withdrawals are sent directly to your 4XC real trading account.
How long do withdrawals take?
Payouts are typically processed within 2 to 5 business days.
What is the withdrawal frequency?
The withdrawal button becomes available 30 days after receiving the funded account or from the date a payout was processed. At the time of your request, you need to have 10 trading days for the first withdrawal or 7 trading days for subsequent withdrawals.
Evaluation
Can I use arbitrage?
No, arbitrage trading is not allowed.
Why do you have different challenge options?
Traderace offers different challenge options to cater to various trading ambitions.
Can I reset my challenge?
Once you start trading in your account, it is no longer possible to reset it.
What are the payout methods available?
Withdrawals are sent directly to your 4XC real trading account.
How long do withdrawals take?
Payouts are typically processed within 2 to 5 business days.
What is the withdrawal frequency?
The withdrawal button becomes available 30 days after receiving the funded account or from the date a payout was processed. At the time of your request, you need to have 10 trading days for the first withdrawal or 7 trading days for subsequent withdrawals.
Operational
What Is Your Leverage?
The leverage provided is 30:1.
What are the commissions per trade?
Commission rates vary based on the trading instruments and account type. Detailed information can be found in the trading conditions section of the website.
Can I use HFT in the Funded Account?
High-Frequency Trading (HFT) is not permitted in funded accounts.
Can HFT be used during the challenge?
No, High-Frequency Trading (HFT) is not allowed.
Can I use EA/Bots Usage?
The use of Expert Advisors (EAs) or trading bots is permitted, provided they comply with the company’s trading rules and do not exploit platform vulnerabilities.
Trading Rules
How is the drawdown calculated?
Drawdown is calculated based on the peak-to-trough decline during a specific period for your trading account.
Do you allow News Trading?
Yes, news trading is allowed.
Do you allow trading during the weekend?
Trading during the weekend is permitted, depending on the market hours of the instruments you are trading.
Can I start again if I violate any rules?
If you violate any trading rules, you would need to purchase a new challenge to start again.
Does it allow EAs and indicators?
Yes, the use of Expert Advisors (EAs) and indicators is allowed, provided they comply with the company’s trading rules and do not exploit platform vulnerabilities.
Is hedging allowed?
Yes, hedging is allowed.
Do you have a consistency rule?
Yes, there is a consistency rule in place to ensure traders maintain consistent trading behavior.
Are there any restrictions to sharing credentials?
Sharing account credentials is strictly prohibited and may lead to account termination.
Minimum trading days
There is a requirement for a minimum number of trading days, which varies depending on the specific step of the challenge.
Can I use HFT in the funded account?
High-Frequency Trading (HFT) is not permitted.
What if I breach the consistency rules?
Breaching the consistency rules may result in penalties or account termination.
Is copy trading allowed?
Copy trading is not allowed.
What is your rule of consistency?
The consistency rule requires traders to maintain consistent trade sizes and strategies to ensure fair evaluation and funding.
Is account management allowed?
Account management by third parties is not allowed; each trader must manage their own account.
