FAQs

The Chart Fund Program is an online demo trading evaluation firm. We give clients the ability to complete our assessment and prove their trading skills in an environment that poses no risks to them for just the price of the upfront fee paid for the evaluation. After passing the evaluation, eligible traders are allowed to receive a virtual profit split on the virtual profits generated in their Simulated Funded Account subject to compliance with our Terms of Use and the Customer Agreement.

At The Chart Fund Program, we believe every retail trader deserves the opportunity to raise virtual capital based on their performance and commitment to building their own business.

Starting out with The Chart Fund Program is as simple as possible. Below are the steps required to become a member.

Navigate to the Start Now section of our home page.
Select the program and account size you would like to participate in, for example, the first option of virtual funds of $25,000 account size.
Review the rules of the program by reading our Terms of Use if you have any doubts regarding the rules of any of our programs.
Click the blue "Register" button at the bottom, enter your billing details, and complete your payment.
1. IMPORTANT: we only accept ERC20 Network addresses for the processing of payouts via crypto. If you submit a payment on any other network besides ERC20 or through any other coin that is not accepted by The Chart Fund, your funds will not go through and we will not be in any position to provide technical support for you to receive these funds back.
2. Please also note that our payment wallet addresses expire after 1 hour. If a payment is sent after the expiry window, our system will stop searching for the payment and it may be lost and login credentials will not be sent.
Within a few minutes (sometimes longer for certain orders as they have to be first confirmed on the blockchain), you will receive your account credentials in a welcome email and will be able to access the Platform as well as the Dashboard.

Please note that all Simulated Funded Accounts are subject to a KYC/AML screening prior to being issued, so please ensure that you are able to provide a valid form of photo ID and proof of address within the last 60 days to avoid any delays in receiving your Simulated Funded Account in the event that you are successful in completing the evaluation phase of the program you wish to participate in.

A Simulated Funded Account is an account where traders can potentially receive compensation based on a percentage of the virtual profit they generate in the account, according to the virtual Profit Split associated with the account. This is subject to our Terms of Use and Customer Agreement.

Simulated Funded Accounts are granted to our clients after they successfully pass one of our evaluation programs and complete the necessary KYC/AML screening requirements.

To clarify, a Simulated Funded Account is a fully simulated account that uses real market quotes from liquidity providers. Trading data is forwarded to a partnered proprietary trading firm, where trades are replicated at their discretion using aggregated orders and proprietary risk management techniques.

Disclaimer: It's important to note that hypothetical or simulated performance results have limitations. Unlike actual trading records, simulated results do not represent real trading. Additionally, since the trades haven't actually been executed, the results may overcompensate or undercompensate for factors like market liquidity. Simulated trading programs are also developed with the benefit of hindsight. No claims are being made that any account will necessarily achieve profits or losses similar to those depicted.

A prop firm is an entity in which a trader is allocated a portion of the firm's simulated capital in order to have the trader employ their own market strategies and receive a portion of any profits made using that simulated capital.

Historically, prop firms have been brick-and-mortar establishments that employed traders with years of experience or trained less experienced traders on how to become profitable after the trader put up a large sum of their own capital used for their initial training period. These types of "old-school" prop firms are not very inclusive and the barriers to entry can be prohibitively expensive for the average retail trader.

By allowing traders from around the world to sign up and participate in our evaluation program remotely for a sign-up fee that is substantially less than the average brick-and-mortar firm, we have successfully shattered the barrier to entry. This leaves only the most important fact to be considered for entry into our program, whether a trader actually has a profitable strategy or not.

By allocating all Chart Fund traders with virtual balances on demo accounts, our firm is able to more successfully perform risk management on the whole group of traders which allows for substantial improvements in the amount of traders that can be successful on the platform at any given time.

How to complete KYC/AML procedures.

Before issuing any Simulated Funded Accounts or any type of virtual profit split to the client related to successfully completing one of our programs, we require that you verify your ID and pass our KYC/AML screening. For 99% of people, this will never be an issue, and the check will take no more than 24 hours.

Below are the steps required to complete the KYC/AML screening:

Upon successfully completing the evaluation phase of any of our programs, you may begin the verification process by heading to "My Profile" located in the Dashboard and selecting "Start Now" under the KYC Submission option.

Process:

You will be asked to submit the following forms of ID:
1. Valid photo ID (expiry date no more than 14 days out) , this includes:
  1. Driver's License
  2. Passport
  3. ID Card
2. Proof of address within the last 60 days, this includes:
  1. Bank statements
  2. Utility bills
  3. Phone bills
3. A selfie so that we can match your face to the one on your submitted photo ID

Upon completing this verification step, if receiving a Simulated Funded Account, you will be sent the Customer Agreement for your signature to the email associated with your account.

The Simulated Accounts will be enabled within 24 hours, provided that the KYC is completed and the agreement is signed.

It is important to be clear that we may not be able to fund you if you cannot pass the KYC verification process. If you believe you could have any issues passing the KYC/AML screening, please contact our live support at the bottom right of that page and they will assist you in potentially getting verified before signing up for any of our programs.

Please also note that for initial KYC/AML screening, when completing the submission process, connection to Virtual Private Networks ("VPN") and Virtual Private Servers ("VPS") are prohibited. If you are connected to a VPS or VPN when completing the KYC process, your account may not become funded and/or your funded account may be disabled and/or breached if you are discovered to have completed the KYC/AML process using a VPS or VPN. If you are in violation of this rule, please reach out to support to inquire about KYC/AML re-verification.

The difference between a broker and a demo trading company.

No, The Chart Fund is not a broker. The Chart Fund is a demo trading evaluation company providing customers with virtual funded demo accounts after passing an 1 or 2 step evaluation process.

The Chart Fund is honored to partner with traders who wish to receive commissions for any referrals made through our affiliate program. We love our affiliates and want to make sure the best performers are being compensated for their efforts.

Signing Up

To sign up for The Chart Fund affiliate program or access your affiliate portal, click here.

Once you sign up, you will be able to access your affiliate portal via the Dashboard, which will look like the example below. You can always access the dashboard by heading to the "Affiliate Portal" button located in the top right-hand navigation menu.

Scaling Commission Plan

We have implemented the following affiliate commission scaling plan to help incentivize and reward our members who wish to earn extra income by promoting our service to their communities:

20% commissions earned for each paid referral. Paid bi-weekly.

Your Affiliate URL

To share your Affiliate URL, click on the Referral URL by scrolling down the affiliate portal.

From there, you will be able to copy your Referral URL and share it with your communities.

IMPORTANT: Affiliates may not use their own link or referral code when purchasing a challenge for themselves. If affiliate is found violating this term, eligible payouts will be rejected and forfeited.

Requesting Your Affiliate Payouts

To request a payout as an affiliate, the minimum withdrawal amount must be $100, and only referrals 30+ days old are eligible for withdrawal. To request a payout via the affiliate portal in the Dashboard, please follow this process below:

Log into the Chart Fund dashboard here
Click on the Affiliate Portal tab on the left sidebar
If you are eligible for an affiliate payout, you will be able to click on the Request Payout button on the top-right of the Affiliate Portal page

IMPORTANT: if you select crypto, please note that we use ERC-20 Network for USDC

Once affiliate payouts have been issued, you will be able to see the details of previous affiliate payouts via the Payouts section of your affiliate portal.

Basic Rules

A quick overview of rules for all our programs.

All of our programs are made simple to stay consistent with monitoring active and successful trading strategies. They consist of a two-phased evaluation period where a simulated trader has 30 days to complete the program successfully.

If you have any questions about trading days or account expiration, please contact our support team via email at support@thechartfund.com, and we’ll be happy to request new account details for you to log back in with.

Inactivity Periods

Please note that all accounts in all phases will be limited to a 30-day inactivity period. This means that if a simulated trader does not log into their account for more than 30 consecutive days, the account will be deactivated.
Please note that:

Days are consecutive, not simulated trading days.
Activity means logging into the account, not necessarily taking positions.

If your account is inactive you will need to contact us via email and request new account details to log back in.

Virtual Profit Target Parameters

Standard Challenge

Requirement: 12% virtual profit target

Virtual Drawdown Parameters

Standard Challenge

Virtual Daily Loss: 3% based on demo equity or demo balance

Virtual Max Overall Loss: 6% based on equity or demo balance of initial demo balance

Virtual Max Overall Loss: 6% based on equity or demo balance of initial demo balance and relative Virtual Drawdown.

A quick overview of the processing time for programs.

Trading Platform & Dashboard Credentials

As soon as you make the payment, you'll get immediate access to the Chart Fund challenge directly through your Abbado platform dashboard. It's that easy.

A quick overview of the processing time for programs.

The evaluation period will begin as soon as you place your first simulated trade.
This includes virtual pending orders placed, even if they have not been executed yet.

Steps you’ll need to take after passing the Chart Fund Program challenge to receive your simulated Funded Account.

Passing The Chart Fund Program: Your Next Steps

Congratulations on passing The Chart Fund Program! After passing, you will receive an email confirmation notifying you that you have passed.

To get the process going, here are the next steps you'll want to take:

Verify Your Identity: After successfully passing the program, you will receive an email with a link to verify your identity. Simply click the link in the email to submit your government ID and proof of address dated within the last 60 days. Alternatively, you can go to the Documents page on your The Chart Fund dashboard to verify your identity.
Sign The Chart Fund Agreement: Once we have received confirmation that you have passed KYC, another email will be sent to you within 48 business hours from the same email address asking you to sign The Chart Fund Agreement. Please keep an eye out for that email.

We wish you the best of luck on your simulated funded journey! If you encounter any issues during the process, don't hesitate to reach out to the support team via Live Chat and we'll be happy to assist.

Once you have verified your identity and signed the agreement, you will receive your account enabling date confirmation.

Time Limit Extensions on Our Programs

At The Chart Fund, we do not offer time limit extensions or any retry on any of our programs.

Leverage for accounts in our program.

Simulated Funded Accounts and Program Accounts

Forex 1:100
Gold and Commodities 1:40
Indices 1:20

Crypto 1:1

Learn which instruments are offered.

Trading Instruments on Your Platform

We allow trading of the instruments available on your trading platform. This typically includes forex, commodities, indices, and crypto (BTC, BCH, ETH, & LTC).

Support

If you have any questions or need help understanding exactly what instruments you can trade, feel free to contact our support team by clicking the support icon in the bottom right corner of the screen.

Learn the rules around virtual account limits and total virtual account size limits.

Maximum Simulated Account Limits at The Chart Fund

Members of The Chart Fund can have a maximum of Virtual Funds $100K in active program accounts and can only have access to one account per individual.

For clarification, these maximum limits mean that you are only able to trade up to Virtual Funds $100K in one single active funded demo account at a time.

Allowed and Prohibited Trading Rules

Learn the rules regarding expert advisors and the Chart Fund Program

The following rules regarding the use of EAs are applicable to accounts for The Chart Fund Program

EAs are not permitted on any Chart Fund Program account.
Violation of the EAs rules outlined in this article will result in the failure of this program and the closure of all accounts.

Details regarding holding trades over the night and over the weekend.

Accounts Are Not Allowed to Trade Over the Weekend

The Chart Fund does not allow holding simulated trades over weekends for any of the simulated accounts provided by the Chart Fund Program to traders.

IMPORTANT:

Traders are fully responsible to ensure their open simulated trades are closed each week on Friday by 4:00 pm EST. We encourage traders to manually close their simulated trades.
Our system is designed to liquidate all open simulated trades on all regular accounts each Friday at 4:00 pm EST, send an email notification informing our clients, and turn accounts on read-only until just before market-open the following week.
However, it is possible for minor time delays in this process that can result in some simulated trades not closing prior to the 4:00 pm EST cutoff time, thus resulting in a breached account.
The Chart Fund is not responsible for breached accounts where traders do not ensure their simulated trades are closed on Fridays by 4:00 pm EST on all accounts.
To avoid a possible breach of your account for not complying with this rule, we encourage all traders to manually close their simulated trades on each Friday by 4:00 pm EST.

Accounts Allowed to Hold Trades Overnight

The Chart Fund Program does allow holding trades overnight on weekdays (between Monday to Friday) for all accounts.

Holding Forex / Crypto / Metals / Indices

Please be aware, however, of the risks associated with market gaps when trading pairs that do not stay open with weekend trading hours like Forex pairs, Indices, and Commodities.
As a risk manager, it is your job to determine the risks and rewards of holding a simulated positions overnight and we do not want to limit a trader's strategy.
If a gap occurs and causes a violation, that is the trader’s responsibility.

Holding Shares

We do not allow the trading of shares and therefore we do not support trading shares over the weekend or overnight.

Rules regarding scalping.

Scalping on The Chart Fund Program and Simulated Funded Accounts

At The Chart Fund Program, we do not allow scalping on all Simulated Funded Accounts.
Scalping detected within 15 minutes of a trade being opened and closed is prohibited and will result in a breach of the Terms of use on all Simulated Funded Accounts resulting in a violation on all accounts.

Rules regarding trade copiers.

The Chart Fund Program does not allow the use of trade copiers or social trading functions on all Simulated Funded Accounts.

Rules regarding trading with the news on Chart Fund

We allow simulated news trading for all Simulated Funded Accounts on Chart Fund.

Simulated Funded Account Restrictions

Once you are trading a simulated Funded Account connected to our Virtual live capital, we have news restrictions for 5 minutes before and after the release of a red folder event - this includes the opening/closing of market orders, and any take profit or stop losses that are triggered within this 5-minute window. Simply, trades activated within 5 minutes before or after red folder news events are prohibited and will be counted as a violation of the program rules.
This rule applies to all FX, Metals, Commodities, Crypto and Indices instruments.

It is important to note that any red folder events shown in Forex Factory that are not listed in the table available on Forex Factory news calendar are still counted as news-restricted events. Please see all red folder events here by using the top right filter to only show events with a red "Expected Impact".

Note: Any "All Day" marked red folder events will not be counted as news-restricted events, as there are no specified times for the data releases.

To clarify, you can still trade news only on virtual funded accounts greater than 5 minutes before or after red folder news events and it will not be a direct violation; however, you should understand that there are occurrences where slippages occur and the trader is ultimately responsible should one cause a violation of the virtual max drawdown rules. We cannot guarantee any virtual profits generated during such high-risk news events and we can’t protect you from any virtual losses taken because the trades may not actually fill or may fill causing a loss once connected to a virtual Proprietary Trading Firm's capital account.

To avoid confusion, it is best to avoid trading the specific instruments affected during high-impact news releases, after all, it is the professional way to manage your capital.

Ramifications of failing the Chart Fund Program within the first day or few days of receiving it.

Our goal is to partner with serious traders who understand how to manage risk and are here to grow, learn, and succeed together.
If you fail your virtual account within the first day or first few days of receiving your simulated funded account, then your account will be terminated and you will have to restart and reapply.

Prohibited trading strategies that violate the Chart Fund rules and Terms of Use

Restrictions on trading strategies that violate the Chart Fund Program terms of use and rules

At The Chart Fund, we pride ourselves on having an open and inclusive trading environment for all who abide by our Terms of Use. We value and respect all traders, regardless of the trading style, strategy, or statistical approaches used. However, it must be noted that any form of cheating, fraud, or abuse of the simulated trading environment is unacceptable and violates The Chart Fund Terms of Use. Such behaviors may result in warnings, account suspensions, or even account termination. Any form of cheating and abuse of the simulated environment is strongly prohibited and goes directly against The Chart FUND terms of Use that all traders agree to when signing up for our services. We strongly encourage all members of The Chart Fund to read this article and The Chart Fund Terms of Use policy in their entirety to avoid unintended repercussions.

Cheating Is Prohibited

Any trading styles that are deemed as “cheating”, or otherwise not reflective of trading in the real market, are not permitted and will result in a violation of our Terms of Use. For this reason, it is against our rules to take advantage of strategies that generate risk-free, consistent virtual profits only on demo accounts.
Our Traders are expected to be trading on their accounts as if they are live accounts. Any use of a strategy that takes advantage of demo accounts will result in the closure of a Trader’s account, whether in the evaluation phase or while funded.
Please note that using any account management, “pass your challenge”, and/or copy trading services is also strictly prohibited and will result in the rejection of any Simulated Funded Accounts, as well as a permanent ban of all The Chart Fund services.

Example Strategies That Violate Our Rules

Grid Trading

Grid trading is a trading strategy that involves placing inverse buy and sell orders of the same instrument for the exact or similar risk. This strategy can lead to market manipulation, over-leveraging, market instability, and a potential risk-free virtual profit.

As members of The Chart Fund community, it is crucial to have a well-defined risk management strategy in place to avoid large Virtual Drawdowns and over-leveraging. Therefore, the use of grid trading is a prohibited trading strategy.

Traders who leverage grid trading will be banned as this behavior goes against The Chart Fund Terms of Use.

Account Sharing or Account Sale

Traders are restricted from the sharing of accounts or the re-sale of Simulated Funded Accounts from one owner to another for any reason.
Account sharing and the selling of accounts are strictly prohibited and will result in the immediate breach of your account(s) and being banned from our services as this behavior goes against The Chart Fund Terms of Use.

Martingale Trading

The Martingale trading strategy is a method of investing in which the size of the investment is increased after each virtual loss, with the expectation that a winning trade will recoup all previous virtual losses and produce a virtual profit. This strategy is considered gambling and is extremely risky as it can lead to large Virtual Drawdowns and the virtual loss of all virtual capital if a trader experiences a prolonged series of virtual losses.
In theory, this strategy will always work, but in practice, it is only possible to make this strategy work with unlimited virtual capital. Firms provide a pre-determined level of maximum Virtual Drawdown and all traders should formulate their strategy around this predefined level of maximum risk without the use of martingale.
It is crucial to have a well-defined risk management strategy in place and to avoid betting an entire account on a single trade. Therefore, this trading activity goes against The Chart Fund Terms of Use.

For a more in-depth overview of martingale trading, review this Investopedia article.

High-Frequency Trading (HFT)

Usage of HFT bot(s), HFT Expert advisors (EA), and HFT algorithms are strictly prohibited on our platforms and should not be used under any circumstances.
High-Frequency Trading (HFT) refers to the use of advanced computer algorithms and high-speed telecommunications networks to execute large numbers of trades in fractions of a second or minutes.
HFT is prohibited as it can lead to market manipulation, unfair advantages, and can cause instability in the market. Any trader found to be engaging in HFT will breach The Chart Fund Terms of Use and lose the ability to trade on the platform. For more specific examples of the type of abuse that HFT can lead to, please see the Trading on Delayed Data Feed and Trading on Delayed Trading Chart sections below.
For a more in-depth overview of High-Frequency Trading, review this Investopedia article.

Trading in US-Sanctioned Countries

Traders are restricted from logging in and raising orders in OFAC-sanctioned countries.

Collusion Between Users

Collusion between users refers to a trading strategy where an individual or group of individuals open multiple accounts with a financial institution and place trades in the same direction (i.e., buy/sell), on the same asset, across all accounts. Collusion between users is also known as “layering” or “spoofing” and is considered a form of market manipulation.
This type of trading behavior is strongly prohibited and will result in the breaching of all accounts and the banning of the trader.

Hedging or Group Hedging Across Multiple Accounts

Hedging or group hedging across multiple accounts, on the other hand, refers to a trading strategy where an individual or group of individuals open multiple accounts with a financial institution and place trades in opposite directions (i.e., buy/sell), on the same asset, across all accounts.
This can be done in an attempt to virtual profit from the price movements of an asset without having to take on significant market risk.
This type of trading behavior is also known as “Arbitrage” and “Grid Trading” and is not permitted at The Chart Fund. In the real market, this would result in $0 virtual profit as you are hedged in both directions.
However, while trading with a Firm, you would be losing the firm money on one account and generating a virtual profit on the other, resulting in risk-free virtual profits, which are violations of compliance with the functioning of the real financial market.

Use of a Delayed Data Feed

The use of a delayed data feed in day trading refers to the practice of using a data feed that has a delay or lag in the delivery of market data, such as stock prices or trading volumes, giving an unfair advantage to the trader over other traders who are required to use real-time market data.
Using a delayed data feed is considered unethical and is not in compliance with the operations of the real financial market. Therefore, this trading behavior goes against The Chart Fund Terms of Use.

Trading on Delayed Charts

Trading on delayed charts refers to the practice of using charts or other graphical representations of market data that have a delay or lag in their updates.
Trading on delayed charts is considered unethical and is not in compliance with the operations of the real financial market. Therefore, this trading behavior goes against The Chart Fund Terms of Use.

Use of guarantee of compliance with limit orders (including take profit and stop loss)

The use of a guarantee of compliance with limit orders, including take profit and stop loss, is prohibited as it can be used to circumvent regulatory restrictions and manipulate the market.
This type of abuse is due to the nature of trading on a simulated platform. However, when using this guarantee of compliance with limit orders, traders may be able to avoid the fills that they would have received in the real market, making this strategy not in compliance with the operations of the real financial market. Therefore, this trading behavior goes against The Chart Fund Terms of Use.

Trading Activity: Soft Breaches/Warnings

The following are examples of trading behaviors and activities that will result in soft breaches and warnings that can escalate to the breach of your accounts and possible ban from our community.

Use of Platform or Data Freezing Due to a Demo Server Error

The use of platform or data freezing due to a demo server error is prohibited as it can lead to unfair advantages and misleads the traders. Traders found to be engaging in this practice will be investigated and may lose the ability to use our demo servers.
Of course, if we have a server issue that causes delays and prohibits you from closing trades for stop virtual loss or take virtual profit, we will see this in our logs and will work with those traders to remedy the situation. We encourage you to take screenshots or screen recordings of any freezing issues you are experiencing so that we may address them with our trading platform provider.
All traders are expected to use the demo servers in a fair and honest manner and to report any errors or issues immediately to The Chart Fund support team via our live chat or by emailing support@chartfund.com.

News Trading

News trading is a strategy traders use to take advantage of the market’s reaction to economic or political news and events. This can include things like interest rate decisions, GDP reports, and political announcements. News trading can be risky as the market reaction to news events is often unpredictable and can lead to significant virtual losses.
Therefore, The Chart Fund has certain restrictions for Simulated Funded Accounts only in terms of trading at a time of significant macroeconomic reports and being filled at an unrealistic price due to the volatility of the event.
To learn more about the exact details of what restrictions we have for news trading at The Chart Fund, visit this knowledge center article.

Closing Remarks

These are the most common strategies that we have seen people use to take advantage of demo accounts, though this list does not represent all possible strategies that would go against our trading rules. If any account is seen to be using unfair strategies or an unrealistic trading style, they will not be eligible to be funded, and Simulated Funded Accounts may be breached. Keep in mind that all trading on our platform must be in agreement with the real operations of the financial market.

If a strategy is found not to be replicable in the real market, we reserve the right to investigate this strategy and terminate your access to our services.

To learn more, please read our Terms of Use.

Program Regulations

An explanation of trading according to the real market

Overview

In our Terms and Conditions, it is stated that all transactions made within simulated trading accounts of a proprietary firm must not interfere with the functioning of the real market. Individual transactions and/or entire accounts could be annulled if this were the case. As for the Chart Fund Program accounts, these positions would not be subject to a virtual profit split and the contract is at risk of being terminated.

But what does the contradiction with the real market functioning mean?

We aim to protect the company against practices that can achieve a risk-free virtual profit on regular demo accounts. As we all know, in the real market, risk-free virtual profits cannot be achieved and maintained on a consistent basis.
If any of the Chart Fund Programs are completed this way, it does not reveal anything about the trader’s capabilities. Ultimately, trading Chart Fund Accounts in this manner would prove that it is impossible to make real money for the trader and our company because these practices do not work in the live market.

NOTE: All Virtual Funded Accounts, are routed through a simulated feed, therefore simulating real market conditions.

It is not uncommon for a broker to experience data feed freezing. This often occurs when an influx of data overwhelms its system. As a result of data being frozen, your trades may not be immediately updated on the platform. It is as though the platform stops reporting the latest price movements for a short period of time.

Data feed freezing can be caused by a number of factors, including a peak in market activity, a technical glitch, or a broker-specific issue. On occasion, brokers may also freeze data intentionally as part of risk management strategies.

There are some brokers who often freeze the data feed. This may happen for only a few seconds, which is more than enough time to look at the data of another broker who is not freezing their data and tell you where the price is going. There are also brokers who freeze data on a more regular and systematic basis. It sounds good to be able to predict the movement of price, but this does not work on live accounts.

This is very similar to the practice above, but a bit more complex. Each broker has a different data feed quality. Some are a few seconds slower than others. There are programs that are able to detect this delay and use this to take advantage of the market. Brokers are well aware of this practice and are doing everything they can to avoid this from happening.

You may find this in their T&Cs. In order to simplify things, there are programs that will disguise this form of arbitrage, making it harder for the broker to find out.

Some brokers have delayed charts for their demo accounts. This is popular with stocks or rarely traded instruments. Simply by looking at another broker, the trader can know where the price will go 15 minutes before it happens, thus allowing them to pass the program challenge. This is not possible to practice on a live account, so this practice does not comply with the functioning of the real market.

This practice does not contradict real trading, but demo accounts can achieve better quotations and slippages compared to real live accounts. Due to this reason, this technique is forbidden on The Chart Fund accounts.

If you are a news trader, please note that our company will not tolerate any abuse of stop orders to enter or exit trade. When scalping news releases with a straddling method, slippage, latency, and liquidity issues occur.

Many brokers praise offering their clients the guarantee of filling all pending orders at a fixed price. Keep in mind that pending orders are Take Profit and Stop Loss as well. This is only possible on demo accounts. Here is an example:

On most brokers, the DAX is not traded overnight, between 10pm and 8am CET. During that time, the price will change in the market, creating a Night Gap. Let’s say that a trader opens both long and short positions at 21:58, and places a stop loss of 10 points and a take virtual profit of 50 points. The gap appears in the morning and is 80 points. Because the broker guarantees limit orders, one position has closed after -10 points and the other for +50 points, resulting in a virtual profit of 40 points. Since the DAX gaps like this daily, we can benefit from this forever.

Please note that these are only some of the scenarios that we have come across that contradict the functioning of the real market. Traders will always attempt to come up with new ways to bypass the real market data. It is always in the trader’s best interest to avoid such practices to ensure the longevity of an account and for adequate risk management purposes.

An explanation of what happens to the account when a rule is violated.

Understanding Violations of Virtual Daily Drawdown and Virtual Max Drawdown Rules

When a trader violates a Virtual daily drawdown or Virtual max drawdown rule, our evaluation technology will automatically breach the trader's account and place it into read-only mode by end of day. If the trader wants to attempt the evaluation again, they must purchase another account on our website.

After the Challenge Period has Ended

One of two outcomes is possible:

If the closed balance on your Virtual account is above the starting balance, your account will be reviewed, and if no violations are found, you will be issued a free retry account.
If the closed balance on your account is below the starting balance, your Virtual account will be placed into read-only by end of day. In order to get another chance at the evaluation, another account must be purchased on our website.

Terms of Use Violations

If the trader passes the evaluation but any violations, such as a breach of our Terms of Use or abuse of the demo trading environment, are found, a member of our Team will contact them and notify them of the violation. The trader's Virtual account will be manually breached and placed into read-only mode by end of day. As before, the trader must purchase another account in order to get another chance at the program.

Margin Rules on Simulated Funded Accounts

An explanation of margin call levels and stop outs.

Understanding Margin Rules in Leveraged Trading

Leveraged trading is an investment strategy that gives the trader the ability to control large positions using a smaller amount of capital. This strategy allows for increased returns but also carries more risk. It is important to note that in leveraged trading, it is the responsibility of the trader to actively manage any open positions, and be mindful of the required margin level to maintain those positions at all times. Understanding the margin rules of your trading account is crucial for the successful management of risk in leveraged trading.

Margin Rules for Evaluations and Simulated Funded Accounts:

If your margin level hits 110%, you will get a Margin Call and you will not be able to open any new trades. A Margin Call is often used as an alert for the trader that additional funds are needed in the trading account to continue with the current open positions.
In the event that your margin level falls below 100%, a Stop Out will occur. A Stop Out is the automated feature that closes the least profitable positions on your Virtual trading account, liquidating the Virtual losing trades to prevent further Virtual losses.
In order to maintain and manage your margin levels, it may be necessary to reduce the margin you’re using by reducing the lot sizing of your positions. It is strongly recommended that traders use proper risk management and utilize stop losses to avoid Margin Calls on the account. Your available margin is calculated based on your current account balance.

Restrictions

An explanation of who is allowed to trade on your account.

All accounts associated with our program must be traded on by only the trader who owns the account and must not be altered once an account is created.
Please note that sharing account login information with other traders is strictly prohibited. For this reason, we discourage accessing any trading account via VPN or VPS in order to properly track the data through our internal systems.
Using any account management, “pass your challenge”, and/or copy trading services is also strictly prohibited and will result in the rejection of any funded accounts, as well as a permanent ban of our services.
Any of the aforementioned violations detected by our system will result in the breach of your account, and the ban of our services.

An explanation of password changes

Any trader accounts that change their account passwords at any time during any program evaluation period will automatically forfeit the program and will not be eligible to continue trading.
In order to review your account, our team needs to have access to it. If it is found that your password has been changed, there is no way for us to know if you have failed or passed, or if your strategies are legitimate.
Breaching this rule will result in failing the program.