XRADING.com Hedge Fund Trader Incubator

Terms, Rules and Privacy Policy

Terms and Rules

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; MyFXMarkets (“Partner Brokers”).

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

When the trader makes an eligible deposit into a funding account held in their own name at their chosen Partner Broker pursuant to this agreement, the Partner Broker will enliven a XRADING.com Trader Incubator account (‘Trader Incubator account’) in tandem, and once the transfer of an eligible deposit from funding account to Trader Incubator account is effected, for 'Start Up' Stage 1 participation, the Incubator will add funding to that Trader Incubator account so that it totals ten (10) times the eligible deposit amount as a starting equity.

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

XRADING.com Trader Incubator is set out in five (5) stages:

Start Up Stage 1:
10x the eligible deposit amount in Trader Incubator account as starting equity
First loss and absolute stop out @ 10% of starting equity in the Trader Incubator account, which if hit, closes all positions and the account with immediate effect.
For example, with a starting equity of $10,000, the trader is stopped out at $9,000 i.e. 10% of account equity in absolute terms. There are no trailing or daily drawdown conditions throughout the Trader Incubator experience.

When at least 20% profit is accrued from starting equity by the end of any month NYC time 17:00 (without time limit), traders will see 100% of any profits swept from Trader Incubator account and distributed as net profit splits on an 80/20 basis into their funding account within 1 business day of the first of every month and also progress to Scale Up Level Stage 2. To avoid doubt, the trader receives 80% net profit split and the Incubator gets 20% of total profit sweep.

Scale Up Level Stage 2:
20x the eligible deposit amount in Trader Incubator account as starting equity, all without the trader having to make any further deposits.

First Loss (trader's eligible deposit still acts as first loss but the Incubator contributes to the relevant amount as risk capital in the Trader Incubator account) so as to bring about an absolute stop out at 10% of starting equity in Trader Incubator account, which if hit, closes all positions and the account with immediate effect.

When at least 20% profit is accrued from starting equity by the end of any month NY time 17:00 (without time limit), traders will see 100% of any profits swept from Trader Incubator account and distributed as net profit splits on an 80/20 basis into their funding account within 1 business day of the first of every month and also progress to Scale Up Level Stage 3. To avoid doubt, the trader receives 80% net profit split and the Incubator gets 20% of total profit sweep.

Scale Up Level Stage 3:
40x the eligible deposit amount in Trader Incubator account as starting equity, again, without the trader having to make any further deposits.

Same First Loss rule applies per Scale Up Level Stage 2.

When at least 20% profit is accrued from starting equity by the end of any month NY time 17:00 (without time limit), traders will see 100% of any profits swept from Trader Incubator account and distributed as net profit splits on an 70/30 basis into their funding account within 1 business day of the first of every month and also progress to Scale Up Level Stage 4. To avoid doubt, the trader receives 70% net profit split and the Incubator gets 30% of total profit sweep.

Scale Up Level Stage 4:
80x the eligible deposit amount in Trader Incubator account as starting equity, again, without the trader having to make any further deposits.

Same First Loss rule applies per Scale Up Level Stage 2.

When at least 20% profit is accrued from starting equity by the end of any month NY time 17:00 (without time limit), traders will see 100% of any profits swept from Trader Incubator account and distributed as net profit splits on an 60/40 basis into their funding account within 1 business day of the first of every month and also progress to Scale Up Level Stage 5. To avoid doubt, the trader receives 60% net profit split and the Incubator gets 40% of total profit sweep.

Scale Up Level Stage 5:
200x the eligible deposit amount in Trader Incubator account as starting equity, without the trader having to make any further deposits.

Same First Loss rule applies per Scale Up Level Stage 2.

When at least 20% profit is accrued from starting equity by the end of any month NY time 17:00 (without time limit), traders will see 100% of any profits swept from Trader Incubator account and distributed as net profit splits on an 50/50 basis into their funding account within 1 business day of the first of every month. A trader may maintain their Stage 5 account ad infinitum subject to these terms and rules. To avoid doubt, the trader receives 50% net profit split and the Incubator gets 50% of total profit sweep.

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

Any contributions made by the Incubator are 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.

Please note that any trader progression from Start Up Stage 1 through to Scale Up Level Stage 5 and/or Acceleration is subject to the sole and unfettered discretion of Quantechs and is subject to change without notice and anything stated is to be read as a guide only.

Acceleration:
After three months into the Trader Incubator journey traders who can contribute a minimum of $20,000 USD (maximum of $200,000 USD) to an Acceleration account, may apply to our Acceleration Programme: a pathway to becoming a licensed fund manager at a leading, regulated hedge fund. Further details on this will be made available to those eligible for the Acceleration Programme.

Term and Termination
The trader may exit the XRADING.com Trader Incubator by request, so as to receive back their eligible deposit plus any net profit split or proportion thereof, if any such positive equity is present in Trader Incubator account or funding account. Any request made pursuant to this clause shall close all open positions and orders and follow procedures of termination as per this agreement. To do so, please email support@xrading.com with a request to exit the Incubator and reasons.
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.

In the event of a termination of the contract for reasons other than those outlined below, any accrued net profit split will be paid to the trader at the end of the current month per payment terms including return of eligible deposit, if such positive equity in a relevant Trader Incubator account is available.

This agreement may be terminated by the Incubator or any Partner Broker and will give effect of forfeiting any profit split and eligible deposit(s) with immediate effect and Quantechs, FXTRADING.com nor MyFXMarkets shall be under no liability to make any payment or funds transfer to the trader, if at any time the trader:
i. is viewed or as deemed by Quantechs, FXTRADING.com or MyFXMarkets 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.

b) Any delay by Quantechs, FXTRADING.com or MyFXMarkets 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. MyFXMarkets or FXTRADING.com retains the right to waive clauses; a waived clause can only be confirmed by in writing and signing of a new contract.

d) In the event that Quantechs, FXTRADING.com or MyFXMarkets suspects the trader is in breach of this agreement, Quantechs, FXTRADING.com or MyFXMarkets will notify the trader of the suspected breach in writing and the Trader Incubator account will be suspended until further notice. All open trades will be closed by the Partner Broker with immediate effect. The relevant Partner Broker will give the trader the opportunity to dispute the decision. But the Partner Broker will 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. In this circumstance, the Partner Broker will be required to provide written notice of the contract termination and close all positions on the account with immediate effect.

f) This Agreement imports all terms and conditions (but to be read as separate and independent streams) found on https://fxtrading.com or 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.

Data Protection
a) The trader consents to the Partner Broker 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, FXTRADING.com or MyFXMarkets 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 such as the promotion of trading performance results.

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, FXTRADING.com or MyFXMarkets reserves the right to make any decision or take any action it sees fit pursuant to their sole and unfettered discretion and interests.

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

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:

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 limit on the duration of any Trader Incubator account
2. There are no minimum trading days
3. Instruments available to Trade: All products/symbols/instruments available on the MT4/5 platform provided by FXTRADING.com or MyFXMarkets

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

4A: MyFXMarkets maximum leverage:
Forex and Gold Leverage starts at 200:1 for the first two stages then reduces to 100:1 for stage 3 - 5. Also, 100:1 applies for Indices. And Oil and Crypto at 5:1 throughout all stages of the incubation process.

4B : 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).

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.

Basically, we are seeking mutually beneficial outcomes for both trader and incubator. And we wish to proceed only with those who have a compatible outlook

All amounts stated on the website or these terms are denominated in US 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.