Forex Traders UK

Trading Rules

Rule #1

Our offered instruments:

You can trade all forex Majors, Minors on all our programs and gold only on the Live accounts.

EUR/USD, GBP/USD, USD/JPY, USD/CAD, AUD/USD, NZD/USD, USD/CHF, AUD/CAD, AUD/CHF, AUD/JPY, AUD/NZD, CAD/CHF, CAD/JPY, CHF/JPY, EUR/AUD, EUR/CAD, EUR/CHF, EUR/GBP, EUR/JPY, EUR/NZD, GBP/AUD, GBP/CAD, GBP/CHF, GBP/JPY, GBP/NZD, NZD/CAD, NZD/CHF, NZD/JPY, XAU/USD (only on live accounts)

Rule #2

Max loss

Risk management is of the utmost importance. This shows us that you are capable of managing risk and trading at an expert level. You will have a maximum OVERALL loss (or absolute drawdown including floating profits/losses), a fixed amount that is associated with your account. This will be monitored strictly, and if broken, will result in account termination. On our low risk program, you can only risk 1.5% per pair and placing a stoploss is mandatory. You can risk any % you want and don’t need to place a stoploss on our evaluation program and the aggressive program.

Rule #3

Loss

None of our traders are liable for any trading losses.

Rule #4

Trading behaviour

Our main objective is to find profitable traders and earn profits for both ourselves and our traders. If we notice any large increases in lot sizes or other changes that result in substantial risk, we may step in to provide help and support so the trader can remain on track. This only applies to traders taking excessive risk and displaying behaviour that does not align with the rest of their trades.

Rule #5

Consistency

Forex Traders UK members should demonstrate logical risk throughout their trading month. We do not limit your risk or lot size on situations. For this reason, you are expected to use consistent risk throughout each trading month. We ask our clients to adhere to the following guidelines:

  • Traders should use consistent risk each day.
  • Traders should use a consistent trading style throughout their trading month. You may also choose to use multiple styles, but if so, this pattern would also need to be consistent throughout the month.
  • Traders should not increase their risk drastically at any point.

Rule #6

What happens if we find inconsistencies?

You still receive your pay-outs. However, we will review your performance with you to iron out any issues and help you to grow faster. We do not punish you for inconsistent behaviour, we simply need more time to assess your trading skills.

Rule #7

Trading styles

You still receive your pay-outs. However, we will review your performance with you to iron out any issues and help you to grow faster. We do not punish you for inconsistent behaviour, we simply need more time to assess your trading skills.

Rule #8

Account details safety

Under no circumstances are you allowed to change your trading account password, if you change the password this will lead into immediate account termination. You’re also responsible for making sure that your account credentials are safe. If you think that you’re account has been hacked, get in touch with our team and we will investigate this.

Rule #9

Account Violations

Should you violate the drawdown rule, but wish to remain in the program, we allow you to re-join after payment of the standard activation fee. Please note that this agreement is subject to change at any time. We reserve the right to terminate your account at any given time if we feel you are exhibiting behaviour not aligned with our guidelines.

Rule #10

Account Termination

Trading accounts are carefully and honestly evaluated. Level 1 accounts that reach or exceed the maximum stop out rate will be terminated.

All our funded accounts come with a fixed equity stop out level. Once the account equity level gets below this fixed stop out bar, we will close all running trades and disable trading and access. The stop out level is a fixed value for each funding level, this means that any profit which has been made by the trader increases the loss allowance.