XRADING.com Trader Incubator

Terms including Privacy Policy

The purpose of this information is to provide terms and rules for participating in the 
XRADING.com Trader Incubator: operated by Quantechs Ltd ("Company") in collaboration with MyFXMarkets.

Eligible deposit amounts ($USD):

$1,000, $2,500 and $5,000

The trader is to make a deposit, into a funding account held in their own name at MyFXMarkets, pursuant to this agreement.

MyFXMarkets will also enliven a XRADING.com Trader Incubator account (‘Trader Incubator account’) in tandem, and once the transfer of the deposit amount from trader's funding account to their Trader Incubator account, as effected by MyFXMarkets, for 'Start Up' Stage 1 participation, is done, Quantechs will add trader funding to that Trader Incubator account so that it totals ten (10) times the deposited amount.

For example, at stage 1, when the trader (as effected by MyFXMarkets) transfers $1,000 from their funding account to their Trader Incubator account pursuant to this agreement, Quantechs will add $9,000 into the trader's Trader Incubator account, for a total trader funding amount of $10,000.

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

Start Up Stage 1:
10x the deposit amount in their Trader Incubator account
First Loss and Max Drawdown @ 10% of total trading funding amount in the Trader Incubator account

Trader and Quantechs share in trading profits on a 80/20 basis respectively (i.e. 80% profit share in trader’s favour)
When at least 20% profit-equity is accrued from starting equity by the end of any month (with no time limit) NY time 17:00, traders will see 80% of any profits swept from Trader Incubator account into their funding account within 7 days of month’s end and also enables progression to Scale Up Level Stage 2

Scale Up Level Stage 2:

20x the deposit in their Trader Incubator account, all without the Trader having to add any further deposits

First Loss (trader's deposit still acts as first loss but Quantechs contributes to the relevant drawdown amount as risk capital in the Trader Incubator account) and Max Drawdown @ 10% of total trading funding amount in Trader Incubator account rule still applies
Trader and Quantechs share in trading profits on a 80/20 basis respectively (i.e. 80% profit share in trader’s favour)

When at least 20% profit-equity is accrued from starting equity by the end of any month (with no time limit) NY time 17:00, traders will see 80% of any profits swept from Trader Incubator account into their funding account within 7 days of month’s end and also enables progression to Scale Up Level 3

Scale Up Level Stage 3:

40x the deposit amount top up in their Trader Incubator account, same again, all without the Trader having to add further risk capital
Same First Loss rule applies per Scale Up Level Stage 2
Trader and Quantechs share in trading profits on a 70/30 basis respectively (i.e. 70% profit share in trader’s favour)

When at least 20% profit-equity is accrued from starting equity by the end of any month (with no time limit) NY time 17:00, traders will see 70% of any profits swept from Trader Incubator account into their funding account within 7 days of month’s end and also enables progression to Scale Up Level 4

Scale Up Level Stage 4:

80x the deposit amount top up in their  Trader Incubator account, again, all without the Trader having to add further risk capital
Same First Loss rule applies per Scale Up Level Stage 2
Trader and Quantechs share in trading profits on a 60/40 basis respectively (i.e. 60% profit share in trader’s favour)

When at least 20% profit-equity is accrued from starting equity by the end of any month (with no time limit) NY time 17:00, traders will see 60% of any profits swept from Trader Incubator account into their funding account within 7 days of month’s end and also enables progression to Scale Up Level 5

Scale Up Level Stage 5:

200x the deposit amount top up in their  Trader Incubator account, yet again, all without the Trader having to add further deposits
Same First Loss rule applies per Scale Up Level Stage 2
Trader and Quantechs share in trading profits on a 50/50 basis respectively (i.e. 50% profit share on equal terms between the trader and Qauntechs)

When at least 20% profit-equity is accrued from starting equity by the end of any month (with no time limit) NY time 17:00, traders will see 50% of any profits swept from Trader Incubator account into their funding account within 7 days of month’s end.

After three months into the Trader Incubator journey, traders who can contribute a minimum of $20,000 USD (maximum of $50,000 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.

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

At Start Up Stage 1, the deposit amount acts as the first loss amount in a drawdown scenario and also act as the maximum drawdown amount, when hit, to trigger immediate account closure.

In all Scale Up stages, the maximum drawdown is set to 10% of the total trader funding, calculated as an aggregate of the first loss amount equal to the minimum deposit by the trader (still acting as the first loss amount) plus Quantechs’ contribution to the Trader Incubator account to increase of the drawdown amount available, done at its sole and unfettered discretion.

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

At month’s end plus 7 days, the trader may withdraw their profit share from their funding account but is limited to only the positive equity exceeding the relevant  deposited amount, if any such positive equity exists.

The trader may exit XRADING.com Trader Incubator by request and withdraw all profits, receive back their deposit amount, if any such positive equity is present in Trader Incubation or funding account, however please note this shall immediately 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 XRADING Trader Incubator and reasons.

Term and Termination

This agreement shall come into force on the date of agreement by both parties and continue in force until terminated in writing by the trader. This agreement may be terminated by the trader with one (1) month written notice. In the event of a termination of the contract for reasons other than those outlined below, any accrued profits will be paid to the trader at the end of the current month per payment terms and the return of deposit made pursuant to a XRADING Trader Incubator account, if such positive equity in a relevant Trader Incubator account is available.

This agreement may be terminated by Quantechs or MyFXMarkets and will give effect of forfeiting any profit share and minimum deposit(s) with immediate effect and Quantechs 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 or MyFXMarkets in their sole and unfettered discretion, that the trader acted in a manner that may have caused negative consequences to Quantechs or MyFXMarkets 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 Quantechs or MyFXMarkets; or

iii. is viewed as having perpetrated any fraud or dishonesty or acts in any manner which in the sole and unfettered disrection of Quantechs or MyFXMarkets brings or is likely to bring Qauntechs or MyFXMarkets into disrepute or is materially adverse to their interests.

b) The rights of Quantechs or MyFXMarkets under this heading are without prejudice to any other rights that it might have at law to terminate this agreement or to accept any breach of this agreement on the part of the Qauntechs as having brought the agreement to an end. Any delay by Quantechs 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 retains the right to waive clauses; a waived clause can only be confirmed by in writing and signing of a new, amended contract.

d) In the event that Quantechs or MyFXMarkets suspects the trader is in breach of this agreement, Quantechs or MyFXMarkets will notify the trader of the suspected breach in writing and the Trading account will be suspended until further notice. All open trades will be closed by MyFXMarkets with immediate effect. MyFXMarkets will give the trader the opportunity to dispute the decision. But MyFXMarkets will take all evidence into account before deciding whether to terminate the agreement or not.

e) MyFXMarkets 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, MyFXMarkets 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 as found on https://myfxmarkets.com/ or any other agreement with MyFXMarkets including their Client Agreement (https://myfxmarkets.com/wp-content/uploads/2023/08/AXIS-INC-Client-Agreement-Aug2023.pdf)and the Trader agrees to comply with them in tandem with this Agreement.

Data Protection

a) The trader consents to MyFXMarkets 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 including, as appropriate:

i. information about the trader’s physical or mental health or condition in order to monitor sick leave and take decisions as to the trader’s fitness for work;

ii. the trader’s racial or ethnic origin or religious or similar beliefs in order to monitor compliance with equal opportunities legislation; and

iii. information relating to any criminal proceedings in which the trader has been involved for insurance purposes and in order to comply with legal requirements and obligations to third parties.

b) The trader consents to MyFXMarkets or Quantechs making any information about the trader available to those who provide products or services to MyFXMarkets or Quantechs (such as advisors), regulatory authorities, governmental or quasi governmental organisations and potential markets of MyFXMarkets or Quantechs or any part of its business.

c) The trader consents to the transfer of such information to MyFXMarkets 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 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.

Counterparts

This agreement may be executed by the different parties hereto on separate counterparts each of which when executed and delivered shall constitute an original and all such counterparts together constituting but one and the same instrument.

Assignment

The trader shall not assign this agreement in whole or part to any third party without the prior written consent of 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 (facsimile or registered letter) and in the English language. In witness hereof, the parties have executed this agreement in duplicate.

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

Specific rules

Maximum Time:

There is no limit on the duration of any Trader Incubator account

Minimum Trading Days:

There are no minimum trading days

Instruments available to Trade:

All products available on the MT4 platform provided by MyFXMarkets are available to trade including Forex, Crypto, Metals, Equity indices, Energy

Any trading activities that can be perceived as taking advantage of trading platform inefficiencies (including, 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) are prohibited.

Any queries or correspondence is to be directed to: support@xrading.com

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—eg use of 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.