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Daily Drawdown:
The daily drawdown is calculated as 5% of your start of day balance for the Standard Trader Account.
The daily drawdown is calculated as 6% of your start of day balance for the Ultimate Trader Account.
This calculation must include any floating losses, swaps and commission rates. This limit will be reset at midnight as per the server time.
Example 1: Starting balance of $100,000, (Standard Trader Account)
You trade and secure a profit of +$2000, your account balance currently sits $102,000.
The following day your maximum daily loss must now not exceed 5% of that previous days balance ($102,000 - 5% = $96,900) $5,100 max daily loss.
Day 2 you trade and incur a loss of -$1000 bringing your account balance down to $101,000.
The following day your maximum daily loss must not exceed 5% of that previous days balance ($101,000 - 5% = $95,950) $5,050 max daily loss.
Max Drawdown:
The max drawdown on any Standard Trader Evaluation is 10% of your initial account balance. This means your account equity cannot fall below 90% of the initial balance at any point.
The max drawdown on any Ultimate Trader Evaluation is 12% of your initial account balance. This means your account equity cannot fall below 88% of the initial balance at any point.
It is important to note that the max drawdown limit does not reset like the daily drawdown limit.
No, there are zero ongoing monthly fees.
Quantec is partnered with Eightcap as our broker, to offer industry leading spreads and commissions for traders. To understand the account offerings that we use, see here: https://www.eightcap.com/en/trading/trading-conditions/spreads/
Here:
https://www.eightcap.com/en/platforms/metatrader-4/
Once you become a funded trader, you must trade with us for at least 30 days for both the first and second payout, after that profits can be withdrawn bi-weekly.
For both the standard trader account and the ultimate trader account, we give traders unlimited days to pass.
There are no profit targets required to be reached on the live funded account. Therefore, to make a withdrawal the account must be in profit.
Yes, you are allowed to use EA’s and Indicators, including tools for managing risk and automated trading systems.
However, certain strategies are strictly prohibited in the funded stage:
- High-frequency trading (manually or using a bot)
- Hedge arbitrage trading
- Tick scalping
- Grid trading
- One-sided betting
- Latency arbitrage trading
- Reverse arbitrage trading
- Copying trades from other traders
If any of these strategies are detected in your live account, it will be considered a violation of the rules and Quantec Trading Capital will terminate your account.
No, you cannot withdraw profits generated from the evaluation stage.
Although we do not have a minimum duration a trade can take, we do not support scalping strategies where trades are entered and exited within seconds.
For example: Tick trading is a trading strategy that aims to capitalise on small price movements in the market by executing a large number of trades within a brief period. Typically, tick charts are used to identify these price changes. The strategy involves opening and closing positions quickly to generate a small profit on each trade. However, due to the high risks associated with this approach, tick trading is not permitted.
Yes, the minimum age to participate in all of our programs is 18 years of age or older.
Upon receiving your confirmation of successful payment, you will receive your Trading Platform and Dashboard credentials via email within 10 minutes.
There is no limit on how many accounts you can have however, we only allow for a total funding amount of up to $600,000
USD.
No, Quantec are on the lookout for profitable and consistent traders to partner with. To be awarded capital, traders must prove they can profit consistently whilst working within the rules.
Hedging a position on your own account is allowed. However, you are not allowed to hedge between accounts, such as using 2 trading accounts to open opposing trades on the same instruments with the same lot size at the same time.
To request a withdrawal, please go to your dashboard and select the Withdrawal/ Profit Share option to request a withdrawal.
Once you send your request, our payments team will verify if you meet the eligible criteria to make a withdrawal, if so they will process the payout either via Cryptocurrency or Bank Transfer.
Please notice that once you create a Funded account, you will be required to sign the Independent Contractor Agreement and fill out the Payment Method form, where you will provide your preferred payment method to process your future requests.
Login details will be sent to you in the payment confirmation email.
Accounts will be breached when the account has been inactive for 30 days.
Standard Trader rules:
High Frequency Trading (HFT) is allowed, but only in the evaluation stage.
EAs are permitted in the challenge stage.
Profit target 1st phase: 10%
Min trading days: Zero minimum trading days
Max daily drawdown: 5%
Max total drawdown: 10%
Account leverage: 1:100
Profit split: Scaling up to 80/20
Copy trading: Copy trading or the use of trade copier software is permitted between personal accounts where both accounts are in your name. Copy trading from 3rd party IP addresses and accounts not in your name is strictly prohibited.
Hedging between accounts: Not allowed.
Weekend holding: Not allowed.
Trading High impact news is not allowed. We define this as any trade placed within 10 mins before and 10 mins after any major high impact news event
Ultimate Trader challenge rules:
High Frequency Trading (HFT) is allowed, but only in the evaluation stage.
EAs are permitted in the challenge stage.
Profit target: 10%
Min trading days: Zero minimum trading days
Max daily drawdown: 6%
Max total drawdown: 12%
Account leverage: 1:100
Profit split: Scaling up to 80/20
Copy trading: Copy trading or the use of trade copier software is permitted between personal accounts where both accounts are in your name. Copy trading from 3rd party IP addresses and accounts not in your name is strictly prohibited.
Hedging between accounts: Not allowed.
Weekend holding: Allowed.
News Trading: Not Allowed
1 Step Standard Trader Account:
High Frequency Trading (HFT): not allowed.
EAs: Allowed
Profit target: No profit targets required to be reached on the live funded account. Minimum withdrawal $100usd.
Profit consistency: 50% profit consistency rule
Lot Size Consistency: Lot consistency rules applied at withdrawal.
Account leverage: 1:30
Profit split: Scaling up to 80/20
Copy trading: Copy trading or the use of trade copier software is permitted between personal accounts only when both accounts are in your name. Copy trading from 3rd party IP addresses or an account that isnt in your name is strictly prohibited.
Hedging: Permitted.
Weekend holding: Not permitted.
Trading High impact news: not allowed.
Minimum trading days: 10 minimum trading days during the first 30 days, 5 minimum trading days thereafter.
Account inactivity: After 30 days of inactivity the account will be terminated.
Drawdown: Max daily drawdown: 5%, Max total drawdown: 10%
1 Step Ultimate Trader Account:
High Frequency Trading (HFT): not allowed.
EAs: Allowed
Profit target: No profit targets required to be reached on the live funded account. Minimum withdrawal $100usd.
Profit consistency: 35% profit consistency rule
Lot Size Consistency: Lot consistency rules applied at withdrawal.
Account leverage: 1:30
Profit split: Scaling up to 80/20
Copy trading: Copy trading or the use of trade copier software is permitted between personal accounts only when both accounts are in your name. Copy trading from 3rd party IP addresses or from an account that isn't in your name is strictly prohibited.
Hedging: Permitted.
Weekend holding: Permitted.
Trading High impact news: Not allowed.
Minimum trading days: 10 minimum trading days during the first 30 days, 5 minimum trading days thereafter.
Account inactivity: After 30 days of inactivity the account will be terminated.
Drawdown rules: Max daily drawdown: 6%, Max total drawdown: 12%
You must be 18 years or older to join this site. Due to regulatory conditions, we are unable to offer services with traders residing in the following countries: Cuba, Iran, North Korea, Myanmar, Russia (or the Crimea, Donetsk or Luhansk regions of Ukraine), Somalia and Syria. The provision of services is not extended to individuals who appear on sanction lists, possess criminal records associated with financial crime, terrorism, or have been previously prohibited due to breach of contract, with no allowances.
Yes, High Frequency Trading is allowed for both types of accounts, but only in the evaluation stage.
Copy trading or the use of trade copier software is permitted between personal accounts. Copy trading or trading from any 3rd party IP addresses is strictly prohibited.
We classify our live traders as independent contractors. As such you invoice Quantec for your earnings and must report this yourself to your relevant tax authority. Please see a tax professional.
Yes, traders will be required to KYC in the funded stage therefore accounts must be created in your own name
No, we do not allow News trading on the standard or ultimate Funded trader accounts. We define news trading as any trade opened or closed within 10 mins before or 10 mins after any major high impact news event.
If a trade is opened outside of this window, you can leave the trade open subject to the position not being closed within 10 minutes before/after news.
High impact News events are classified as any "red folder” in the Forex Factory calendar. https://www.forexfactory.com/calendar/.
Note, we do allow news trading on the evaluation phase of both the ultimate and standard challenges.
Profit Consistency: We apply a 35% day profit consistency rule, therefore upon payout withdrawal request no single day traded can account for more than 35% of your total profit. For example: If by the end of a 30 day period, your account has a total profit of $10,000, then no single day traded can account for more than 35% of $10,000, which is $3,500. Once a payout withdrawal request is submitted any trades breaching this rule will be considered a soft breach and we will remove the invalid trades while keeping account access.
Lot Size Consistency: The lot size consistency rule is applied once a payout withdrawal request has been submitted, to ensure consistency within your trading. To satisfy the Lot Size Consistency Rule your average trade size is used to calculate your trading range. The range is determined by adding 50% to your average trade size to determine the maximum value and subtracting 50% to determine the minimum value. Once a payout withdrawal request is submitted any trades breaching this rule will be considered a soft breach and we will remove the invalid trades while keeping account access.
Note: trades are aggregated when placed within a 30 second window into one position for both profit and lot consistency.
These consistency rules apply to both the standard trader account and the ultimate trader account.
Standard Trader Challenge:
No, weekend holding is not allowed.
Ultimate Trader Challenge:
Yes, weekend holding is allowed.
We do not allow for account merging due to risk management and tracking purposes. You can however have up to six challenges at one time totalling a maximum of $600K USD in funding.
Trade with ASIC regulated Eightcap's platform
Within 10 minutes. Once you pass the evaluation, you will receive an evaluation success email. You can follow the prompts in the email and receive the live funded account right away. Our team will follow up with email directly to our traders for their withdrawal and KYC information via an encrypted web form, from here our finance team will process the payment and issue a confirmation to the trader.
Our prop firm operates as part of the PropTradeTech network of funding programs. As such, we are a member of a large organisation with substantial capital backing. We are ultimately in the business of finding good traders, which means paying out what our trader’s deserve and guaranteeing this via our legal documents and funded trader contracts. That being said all payouts are vetted by our risk team, and the only times we do not payout is if these legals have been breached or trader’s have not obtained profits in a legitimate way.
We aim to process payouts as quickly as possible. Our average withdrawal processing time is within 2 - 6 business days.
Once you pass your challenge phase, our team will send out e-signature contracts to our traders via email. We will also follow up with email directly to our traders for their withdrawal and KYC information via an encrypted web form, from here our finance team will process the payment and issue a confirmation to the trader.
With our Standard Trader Funded accounts we offer 1:30 on Forex, Metals and Energy, 1:20 on Indices, and 1:2 on Crypto Markets.
With our Ultimate Trader Funded accounts we offer 1:30 on Forex, Metals and Energy, 1:20 on Indices, and 1:2 on Crypto Markets.
No, Quantec does not offer free repeats.
Forex: AUDCAD.i, AUDCHF.i, AUDNZD.i, AUDSGD.i, AUDUSD.i, CADCHF.i, AUDJPY.i, CADJPY.i, CHFJPY.i, EURAUD.i, EURCAD.i, EURCHF.i, EURGBP.i, EURHUF.i, EURJPY.i, EURNOK.i, EURNZD.i, EURPLN.i, EURTRY.i, EURUSD.i, GBPAUD.i, GBPCAD.i, GBPCHF.i, GBPJPY.i, GBPNZD.i, GBPUSD.i, NZDCAD.i, NZDCHF.i, NZDJPY.i, NZDUSD.i, SGDJPY.i, USDCAD.i, USDCHF.i, USDDKK.i, USDHUF.i, USDJPY.i, USDMXN.i, USDNOK.i, USDPLN.i, USDSEK.i, USDSGD.i, USDTHB.i, USDTRY.i, USDZAR.i, ZARJPY.i, MXNJPY.i, NOKJPY.i, CNHJPY.i
Crypto: BTCUSD.b, ETHUSD.b, BCHUSD.b, LTCUSD.b
Metals: XAUUSD, XAGUSD Oils: UKOUSD, USOUSD
Indices: ASX200, US30, FRA40, GER30, UK100, EUSTX50, NDX100, JPN225, SPX500, HK50, VIX, US2000, USDX, SWI20, CAN60, NTH25
Scaling Profit Split:
Withdrawal 1:
30 calendar days
10 minimum trading days
60% profit split
2.5% profit cap
Withdrawal 2:
30 calendar days
5 minimum trading days
70% profit split
5% profit cap
Withdrawal 3 onwards:
15 calendar days
5 minimum trading days
80% profit split
5% profit cap
Quantec Is located in Singapore
Yes, $100USD.
The countries that are not allowed to trade with Quantec are:
Cuba, Iran, North Korea, Myanmar, Russia (or the Crimea, Donetsk, or Luhansk regions of Ukraine), Somalia, Syria, and Vietnam
Yes, but please keep in mind that if any of your IPs which you have used to trade through is detected to be used by other individual traders, this could be flagged as suspicious activity by our internal risk team. The reason is because it would indicate services such as Account Management, Copy Trading etc.
As of 20th February 2024, residents of the United States are unable to purchase challenges on this site. US citizens residing outside the US who possess a valid resident ID may still continue to use the services.
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