XRADING.com Hedge Fund Trader Incubator

Terms, Rules and Privacy Policy

The purpose of this information is to provide terms and rules for participating in the
XRADING.com Hedge Fund Trader Incubator (“Incubator”): operated by Quantechs Ltd ("Company") in collaboration with FXTRADING.com or MyFXMarkets ('Partner Broker').

Eligible deposit amounts ($USD):
$1,000, $2,500 and $5,000

When a trader makes an eligible deposit into their funding account (held in their own name) at a Partner Broker pursuant to this agreement, the Incubator will enliven a XRADING.com Hedge Fund Trader Incubator account (‘Incubator account’) and transfer the eligible deposit from the trader's funding account into their Incubator account then add Incubator account funding so that the starting equity of an Incubator account is at the relevant amount pursuant to the trader's Stage and deposit amount.

For example, at Stage 1, when $1,000 USD is transferred by the broker from the trader’s funding account into their Incubator account, the Incubator will add $9,000 into the Incubator account, for a starting equity of $10,000.

XRADING.com Hedge Fund Trader Incubator is set out in five (5) stages with the following rules:

To progress up at each Stage, hit a minimum 20% profit target from starting equity, without time limit, to be calculated by the end of any month NYC 17:00. Take as much or little time as you like to make profit.

And if you make more than 20% profit target, net profits are calculated on total profits made

Avoid going below 10% from starting equity being the static, maximum drawdown threshold. Please note that we do not have daily or trailing drawdown calculations to stop you out

Your deposit is held as positive equity under your own name at the broker but acts as first loss in your trading (Incubator) account

Net profit splits and account progressions are automatically processed within 24 hours of the first business day of each month (subject to weekends and public holidays). All net profit splits are remitted into your funding/deposit account, ready for withdrawal

Use any EA you want, trade how you want but make sure to manage your risk and you will be well on your way to trading success

Stage 1:
Starting equity amounts to ten (10) times the eligible deposit amount

80% net profit split
 

For example, with a deposit of $1,000 USD and a starting equity of $10,000, the trader is stopped out at $9,000 i.e. 10% maximum static drawdown. There are no trailing or daily drawdown conditions throughout the Incubator experience. Any positive equity gained will contribute towards the maximum static drawdown threshold but the eligible deposit and accrued equity shall always act as first loss amount. 

First loss means the trader's eligible deposit and accrued equity acts is to be exposed to risk and drawdown and any crystallized losses shall come out of those amounts before any funded amounts. 

When a minimum of 20% profit from starting equity is made by the end of any month 17:00 NYC time (without time limit), traders will see all profits swept from their Incubator account and remitted a percentage of those profits as net profit splits (according to their Stage) into their funding account within 1 business day of the first of every month plus have their Incubator account progressed to the next Stage and so forth…

For example, if the same trader who deposited $1,000 USD has made now $2,200 i.e. $12,200 equity, as they progress from Stage 2, they will have 80% of $2,200 i.e. $1,760 USD remitted to their funding account ready for withdrawal and their Incubator account will now have $20,000 starting equity and all that comes with it i.e. now $2,000 maximum static drawdown threshold and $4,000 minimum profit target to get to the next Stage etc

Stage 2:
20x the eligible deposit amount as starting equity, all without the trader having to make any further deposits.

80% net profit split

Stage 3:
40x the eligible deposit amount as starting equity and again, without the trader having to make any further deposits.

70% net profit split 

Stage 4:
80x the eligible deposit amount as starting equity, same again, without the trader having to make any further deposits.

60% net profit split 

Stage 5:
200x the eligible deposit amount and again without the trader having to make any further deposits.

50% net profit split 

…With the same rules applying to all Stages of Incubation as above.

Please note that the trader will not be responsible for any amounts beyond the first loss amount i.e. eligible deposit(s) made to seed each Incubator account. 

Any funding provided to the trader is for trading purposes only and cannot be withdrawn, transferred to another person, another trading account, redeemed for cash or exchanged for other goods and services. This includes any equity increases to risk capital pertaining to a maximum static drawdown. 

Please note that notwithstanding the achievement of profit targets within the rules, any progression from Stage 1 through to Stage 5 is always subject to the sole and unfettered discretion of the Incubator and is subject to change without notice and anything stated anywhere is to be read as a guide only.

Term and Termination
The trader may request early exit from their Incubator account and may do so by sending an email to support@xrading.com with the trader’s name,  relevant Incubator account numbers and reasons for their decision (optional). 

Upon early exit at Stage 1 only, traders who are above starting equity will receive a net profit split on amounts above their starting equity plus their deposit remitted into their funding account. Should traders have less than their starting equity, only what remains of their deposit will be remitted to their funding account as no profit split is done in this instance. 

Upon early exit from Stage 2 onwards and traders are above starting equity, they understand and acknowledge that any value exceeding the eligible deposit is forfeited and only their eligible deposit will be remitted to their funding account  but should traders have less than their starting equity, only what remains of their deposit will be remitted to their funding account.  

Traders must close all open positions and orders prior to requesting early exit.

This agreement shall come into force on the date of agreement and continue in force until terminated in writing by the trader. This agreement may be terminated by the trader with one (1) week written notice.

This agreement may be terminated by the Incubator or any Partner Broker and shall give effect of forfeiting any profits and/or eligible deposit(s) with immediate effect and the Incubator, Quantechs, FXTRADING.com, MyFXMarkets or any other Partner Broker shall be under no liability to make any payment or funds transfer to the trader, including but not limited to, if at any time the trader:
i. is viewed or as deemed by the Incubator in their sole and unfettered discretion, that the trader acted in a manner that may have caused negative consequences to the Incubator or any Partner Broker due to the trader’s negligence, unsatisfactory behaviour, or misconduct; or
ii. commits any serious or repeated breaches or non-observance of any of the provisions of this agreement or refuses or neglects to comply with any direction of the Incubator or any Partner Broker; or
iii. is viewed as having perpetrated any fraud or dishonesty or acts in any manner which in the sole and unfettered discretion of the Incubator or Partner Broker or brings or is likely to bring parties associated with the Incubator or Partner Broker into disrepute or is materially adverse to their interests.

All funds including deposits, profits and other client monies are exclusively held with the relevant Partner Broker and the Incubator disclaims any responsibility for the actions of the Partner Broker in delaying, refusing or dealing with withdrawals and other matters pertaining to client funds. To avoid doubt, Quantechs never handles any client funds including profits and any complaints relating to these matters must be referred and dealt with directly with Partner Broker as they are the final decision maker in matters relating to client funds and withdrawals.

b) Any delay by Quantechs or Partner Broker in exercising its rights to terminate shall not constitute a waiver thereof.

c) The trader is required to inform Qauntechs if they are in breach of any part of this agreement. Quantechs or Partner Broker retains the right to waive clauses; a waived clause can only be confirmed in writing and with signatures of the director of the Partner Broker.

d) In the event that Partner Broker suspects the trader is in breach of this agreement Quantechs or Partner Broker may notify the trader of the suspected breach in writing and the Incubator account will be suspended until further notice. All open trades will be closed by the Partner Broker with immediate effect. Partner Broker will give the trader the opportunity to dispute the decision but outcomes will be subject to Partner Broker's sole discretion. But please note that Quantechs and Partner Brokers will try to take all evidence into account before deciding whether to terminate the agreement or not.

e) the Partner Broker at its sole discretion may terminate or suspend this agreement in part or in full of services set out in this agreement and their respective Client Agreements. 

f) This Agreement imports all terms and conditions (but to be read as separate and independent streams) found on https://fxtrading.com and https://myfxmarkets.com including any relevant agreement the Trader has with the Partner Broker such as respective Client Agreements and, where applicable, the Trader agrees to comply with them in tandem with this Agreement and any other relevant agreement. 

Data Protection
a) The trader consents to Quantechs and Partner Broker to holding and processing data relating to him for legal, personnel, administrative and management purposes and in particular to the processing of any sensitive personal data relating to the trader.

b) The trader consents to Quantechs and Partner Broker making any information about the trader available to those who provide products or services to them.

c) The trader consents to the transfer of such information to business contacts outside the European Economic Area or any other part of the world if necessary in order to further its business interests.

Other Provisions
Nothing in this agreement is intended to, or shall be deemed to constitute a partnership or joint venture between the parties, constitute any party the agent of another party, or authorise any party to make or enter into as commitments for and on behalf of any other party save as provided in this agreement.

Where there is inconsistency or ambiguity in this agreement, Quantechs or Partner Broker reserves the right to make any decision or take any action it sees fit pursuant to their sole and unfettered discretion and their respective interests including any amendments made to this agreement, which shall operate retroactively.

The trader shall not assign this agreement in whole or part to any third party without the prior written consent of Partner Broker and/or Quantechs.

In case of breach by Partner Broker, trader will indemnify Quantechs and hold harmless, including matters relating to any losses incurred by trader as a result of any actions taken or decisions made by Partner Broker, whether or not Quantechs has been consulted. to avoid doubt, the Partner Broker is the final decision maker in all instances.

This agreement shall be interpreted in accordance with the laws of the British Virgin Islands.
All notices in connection with this agreement to the respective party hereto shall be in writing and in the English language.

Restricted Countries per Partner Broker: Please note that we are unable to open accounts for the following countries and jurisdictions at this time. This list is subject to change at any time:

FXTRADING.com:

Australia

Iran

Ontario Province inside Canada

New Zealand

North Korea

United States of America

MyFXMarkets:

Australia

United States of America

The information on the website is not directed to residents of any country where Forex and /or CFDs trading is restricted or prohibited by local laws or regulation.

Specific rules/conditions:
1. There is no time limit to hitting minimum profit targets
2. There are no minimum trading days
3. Trade any instruments available to trade on the MT4/5 platform provided by FXTRADING.com and/or MyFXMarkets

4. $3.50 USD commissions per lot, payable per side i.e. $7 USD per lot

4A: FXTRADING.com maximum leverage:
Forex, Crypto, Gold, Oil, and any other instruments have a maximum of 50:1 leverage throughout all stages of the incubation process. Except for Stocks, set at 10:1. Also, All new open positions entered on or after any Friday 15:00 NYC (22:00 MT4/MT5) will be set at 1:1 leverage until markets re-open 17:00 NYC Sunday (00:00 Monday MT4/MT5 time).

4B: MyFXMarkets: Forex and Gold, Leverage starts at 200:1 for the first two stages then reduces to 100:1 for stage 3 -5. And 100:1 applies for Equity indices and oil and crypto at 5:1 throughout all stages of the incubation process.

5. Anyone conducting or intending to conduct trading activities that can be perceived as taking advantage of trading platform inefficiencies is not allowed. Examples of trading activities that can perceived as taking advantages of trading platform inefficiencies include, but not limited to, gap trading, some forms of high frequency trading, server spamming, latency arbitrage, toxic trading flow, long short arbitrage, reverse arbitrage, tick scalping, server execution, opposite account trading etc.We are seeking mutually beneficial outcomes for both trader and incubator. And we wish to proceed only with those who have a compatible outlook. Amounts stated on the website or these terms as USD are to be taken expressly as United States dollars.

Privacy Policy
The Company reserves the right to suspend, replace, modify, amend, or terminate this Privacy Policy at any time, without notice, and within its sole and absolute discretion. In the event the Company replaces, modifies, or amends this Privacy Policy, the Effective Date above will change. Your continued use of the Services after a change in the Effective Date constitutes your agreement to said replacement, modification, or amendment. It is your obligation to periodically check this Privacy Policy for changes.

Information Company Collects:
In order to utilise the services, the Company may collect personal and personally identifiable information from you. Such information may include, but is not limited to, your name, email address, mailing address, phone number, date of birth and a username and password for an account that is unique to you. Additionally, the Company may capture other information including, but not limited to, your IP address, geolocation, information stored in cookies, pixel tags, and web beacons.

Cookies:
The Company’s website may use cookies. Cookies are small data files generally comprised of a string of text and numbers that assign your computer a unique identifier. They collect information from your computer and allow your computer to have a “dialogue” with the Company and gives you a more convenient and personalised experience with the Company’s website. If you do not want the Company to use cookies with your computer, then you must adjust your browser settings in order to disable them. Please note, however, that the disabling of cookies may prevent you from fully accessing all features of the Company’s website. If you require any assistance in disabling cookies, please contact your browser company.

Social Networking Data:
In the event that Company allows you to integrate any social media function—e.g. use of YouTube, Facebook, Twitter, or LinkedIn—into your use of the Company’s website, the Company may collect your username associated with any such social media website you use. We may also collect any information that you make public through that website or that such website has shared with us, including, but not limited to profile information, pages you have “liked,” and contact lists.

Disclosure and Use of Information:
By using the services you acknowledge and agree that the Company may release your personal or personally identifiable information to third-party contractors or their agents that have formed a relationship with the Company.

Company may also transfer your personal or personally identifiable information to respond to a duly authorized subpoena or court order, to respond to regulatory requests by government authorities, to protect the safety or security of the Company, the Services, its employees, and its users, and, where necessary, to protect against fraud, false advertising, or the violation of any law, statute, ordinance, regulation, or treaty, whether local, state, provincial, national or international.

Security of Information:
The Company works to protect the security of your personal and personally identifiable information using commercially reasonable security measures and has implemented industry standard encryption to protect against unauthorised access to or interception of your personal and personally identifiable information. However, no security measures are entirely impenetrable. As such, the Company is not responsible for the circumvention of its security measures by any User or third parties.