Terms and Conditions
Terms of The Program
By joining The Funded Talent, the Trader will receive a demo account, in which the Trader is expected to demonstrate a profitable trading performance.
TFT Funded Trader
The Funded Talent Pro Program is designed for a trader who has successfully completed the two-step evaluation phase and become a Funded Trader. A Funded Trader is certified to trade on behalf of and with the trading capital of The Funded Talent under a non-employee third-party contractor relationship.
Risk Management
The Funded Talent requires its traders to perform their trading in accordance with a suggested risk management discipline.
Risk management is mandatory. By self-enforcing the Program's suggested risk management, the Trader will benefit from improved funding conditions on future stages of the Program, as outlined in this document, in chapter RISK MANAGEMENT
Payouts
Payouts will only be made to those who have completed the TFT Talent Pro Program. Furthermore, payouts will only be made out of the profitable performance of the Trader on accounts that did not incur any violations, such as daily losses or news trading.
Program Termination
In the event that the Trader has reached the stop-out level, a daily loss level, or has failed to comply with the established rules, the Trader's account will be terminated, resulting in the immediate conclusion of the Trader's participation in the Program.
Necessary Prerequisites
The Program is available to individuals only. They must be from the age of 18 years and older, and can be of all nationalities.
Individually Private Only
The Program is designed for individual traders only. Each individual trader who signs up is permitted to trade on behalf of the Fund, in both the evaluation Program and as a Funded Trader in the official trading Program..
Proof of Authenticity
Please be advised that an authentic identity must be provided. The programme only accepts traders who can provide proof of their identity.
Restricting Organisations
Please note that the programme is not available to any entity, firm, corporation, organization or group of individuals.
Program And Targets
Profit Target
There is a predetermined target milestone in terms of USD net profit for each program stage. After deducting commission, spread, overnight swap charge, and all trading expenses, the remaining amount is known as net profit.
Account Stop out Level
Definition: Determines the maximum loss permitted in the account based on the equity in the account.
Account daily loss
Every trading day, 5% of the starting balance is used to determine the maximum daily loss limit. The account balance at broker time (00:00 GMT+2) at the end of the daily candle is the basis for this computation.
Time Limit
Each evaluation phase can be completed at any time; however, traders must be active at least once every 14 calendar days. Accounts that are inactive (do not open new positions) for longer than 14 days will be closed.
Program Restrictions
Coordination of trading with other accounts or traders who are active in the Fund is forbidden. Any kind of trading activity coordination between two or more accounts in the name of another trader is strictly prohibited. This includes the ban on duplicate trades and orders, duplicate trading activity, and duplicate hedging between accounts. Any blatant coordination of the aforementioned is deemed a serious breach of this program and will be immediately terminated as a result of the contract's violation.
Violation of Risk Requirements and Restrictions:
It is expected of traders to trade in accordance with our excessive risk management specifications. We reserve the right to close a trading account in the event that a breach of the risk guidelines is discovered.
Profits from positions that violate risk management policies will not be recognized as profits and will not be factored into the achievement of milestones.
Trading Conditions Acknowledgment
I hereby confirm that I fully understand that my trading performance may also be impacted by a number of conditions by enrolling in The Funded Talent Program. These conditions include:
Variable Spread
The difference in spread between the ask and bid prices can increase several times during periods of market rigidity, such as significant economic events.
Trading Gaps
The variations between one tick quote and the next can get very large during periods of high market liquidity. An alternative name for this is "A Gap." Orders placed at prices that do not have a tick quote will be filled at the next pricing that is offered. The outcome could be a less desirable price for execution.
Overnight Rollover Spread Conditions
Please be aware that an overnight rollover occurs at the end of each day at midnight, in line with the settings of the programme. At this time, the banks are processing a high volume of orders, which may result in delays in the transfer of funds from one day to the next. This could lead to a notable rise in the spreads. This process typically takes between a few seconds and two minutes past midnight. The increase in the spread may result in the execution of nearby stop or limit orders. It is recommended that orders be moved as far away from nearby orders as possible to prevent any unwanted executions due to technical issues.
Trading Commission
The commission is a trading fee that the liquidity provider charges. Brokers and liquidity providers charge for the order execution service in accordance with industry standard procedure.
Economic Event Releases
Whenever economic data is released, gaps often appear in the price, spreads can widen, and price does not ensure execution. It is recommended to keep an eye on the event release schedule, minimize position exposure, and move further stop and limit orders.
Termination of The Program
The fund retains complete control over who gets to join the Trading Program. Including during the evaluation or funded trading period, the fund reserves the right to end our relationship with a trader at any time and for any reason.
The following are examples of reasons for termination, although this list is not exhaustive:
- The maximum drawdown allowance has been reached or exceeded.
- Please be advised that the account will be considered inactive if no activity is recorded for a period exceeding 28 days.
- Any misuse or abuse of the programme, as outlined in the above section on activity restrictions.
- The practice of switching between different trading systems or methods within the same trading account is indicative of inconsistency.
- The Trader's association with a direct rival of the business.
- A potential conflict of interest exists between the Company and the Trader.
- The Company's reputation in external communications was harmed by the Trader's actions.
- The trader uses trading techniques that are against company policy or that go against best practices.
- Breach of the Company's risk management guidelines by the Trader.
- Any fraudulent activity by the Trader concerning payouts, payments, or the Know Your Customer (KYC) verification procedure.
- The Trader's unwillingness to comply with the Company's legitimate requests.
- The Trader's improper wording in correspondence with the Company.
- Any time and without prior notice, The Funded Talent retains the right to end the Program.
Termination Clearance
The following actions will be implemented in the event of a termination.
- Trader will receive an official email notification of termination.
- Disabling trading activity in trading accounts.
- Preventing users from using the platforms and trading accounts that the Fund provides.
- The trader will receive an email with a comprehensive and detailed trading report.
Please note that all accounts are limited to 28 days inactivity at all levels.
In other words, the account is disabled after 28 consecutive days of inactivity. Please note that once the account has been deactivated this process cannot be undone and the account will remain closed.
TERMS AND CONDITIONS OF USE
This Agreement ("Agreement") constitutes a legally binding agreement between you ("Client" or "You") and The Funded Talent ("Company," "We," "Us," or "Our"), governing your use of the "Talent One" evaluation program ("Program" or "Evaluation").
By purchasing the Talent One Evaluation, you acknowledge that you have read, understood, and agree to be bound by all terms, conditions, and rules set forth herein.
ARTICLE 1: DEFINITIONS
1.1. "Company": Refers to The Funded Talent, the provider of the evaluation program.
1.2. "Client": Refers to the individual purchasing and participating in the Program.
1.3. "Evaluation Account": The simulated trading account provided to the Client for Phase 1.
1.4. "Qualified Analyst Account": The simulated trading account provided to Clients who successfully pass the Evaluation. All trading occurs in a simulated environment.
1.5. "Breach": A violation of any trading objective or rule set forth in this Agreement.
1.6. "Drawdown": The reduction in account equity from a high-water mark.
1.7. "High-Water Mark": The highest achieved account balance or equity.
1.8. "Initial Balance": The starting balance of the account at the commencement of trading.
ARTICLE 2: THE "TALENT ONE" EVALUATION (PHASE 1)
2.1. Program Overview: The Talent One Program is a single-phase (1-Step) evaluation designed to identify trading talent. The Client must achieve the Profit Target without violating any Risk Parameters.
2.2. Profit Target: The Client must achieve a simulated profit target of ten percent (10%) of the Initial Balance.
Example: On a $100,000 account, the profit target is $10,000 (account balance must reach $110,000).
2.3. Maximum Daily Drawdown: The Client's account equity must not, at any point during a 24-hour period (00:00-23:59 Server Time), fall by more than three percent (3%) of the starting balance for that day.
Example: On a $100,000 account, if the starting balance for the day is $105,000, the equity must not drop below $101,850 (which is $105,000 - $3,150 [3% of $105,000]).
2.4. Maximum Total Drawdown (6% Trailing): This is the Client's primary breach level.
a) The Maximum Total Drawdown is six percent (6%) of the Initial Balance and operates as a "high-water mark" trailing drawdown.
b) The Client's Breach Level (initially 94% of the starting balance) will dynamically trail the account's highest-achieved balance.
Example: On a $100,000 account, the initial Breach Level is $94,000. If the Client's balance reaches $102,000, the Breach Level trails up to $96,000.
c) Drawdown Lock-In: The trailing mechanism shall cease, and the Breach Level will be permanently locked at the Client's Initial Balance, only after the Client's account balance has achieved a simulated profit of six percent (6%).
Example: On a $100,000 account, once the balance reaches $106,000, the Breach Level is permanently fixed at $100,000 for the life of the account.
2.5. Trading Period:
a) Time Limit: There is no maximum time limit to pass the Evaluation.
b) Minimum Trading Days: The Client must place at least one trade on five (5) unique calendar days to be eligible for advancement.
2.6. Trading Conditions (Evaluation):
a) Leverage: Leverage is set at 1:30 for FX instruments. Leverage for other asset classes may vary.
b) News Trading: The Client IS permitted to hold trades and execute new trades during high-impact news events during the Evaluation phase.
c) Weekend Holding: Weekend holding is STRICTLY PROHIBITED. All positions must be closed before 21:00 GMT (or market close) on Friday. Failure to do so will be considered a Breach.
ARTICLE 3: THE "QUALIFIED ANALYST" ACCOUNT
3.1. Advancement: Upon successfully passing the "Talent One" Evaluation and completing Know-Your-Customer (KYC) verification, the Client will be provided with a Qualified Analyst Account.
3.2. Trading Objectives:
a) Profit Target: There is no profit target on the Qualified Analyst Account.
b) Maximum Daily Drawdown: 3% (Rules from 2.3 apply).
c) Maximum Total Drawdown: 6% Trailing (Rules from 2.4 apply, including the "lock-in" mechanism).
3.3. CRITICAL: News Trading Restriction:
a) On the Qualified Analyst Account, the Client is STRICTLY PROHIBITED from executing any new orders (market or pending) or closing existing orders on the relevant instrument(s) within a five (5) minute window before and a five (5) minute window after a high-impact news event as defined by the Company's calendar.
b) Any execution of a trade, including a Stop Loss or Take Profit, within this restricted window is considered a "Soft Breach."
c) Profits from trades violating Rule 3.3(b) will be forfeited. Repeated violations may lead to account termination.
3.4. Weekend Holding: Weekend holding is STRICTLY PROHIBITED. All positions must be closed before 21:00 GMT (or market close) on Friday. Failure to do so will be considered a Breach and may result in forfeiture of profits or account termination.
ARTICLE 4: PERFORMANCE FEE & PAYOUTS
4.1. Profit Split: The Client is entitled to a Performance Fee equivalent to eighty percent (80%) of the positive simulated profits generated on the Qualified Analyst Account. The remaining twenty percent (20%) is retained by the Company.
4.2. Payout Eligibility: The Client may request a payout on-demand, provided the following conditions are met:
a) The account balance is positive.
b) The Client has achieved a minimum simulated profit of two percent (2%) of the Initial Balance. c) The Client has had no trading activity for at least 24 hours prior to the payout request.
4.3. 40% "Best Day" Consistency Rule:
a) To ensure consistent performance, eligibility for any Performance Fee payout is subject to the "40% Best Day Rule."
b) The profit from the Client's single best trading day must not account for more than forty percent (40%) of the total simulated profits generated during the respective payout period.
c) Formula: (Best Day's Profit / Total Profit) <= 0.40
d) Example: A Client with $5,000 in total profit is ineligible for payout if their best day's profit was $3,000 (60%). The Client must continue trading until the total profit reaches at least $7,500 (wherein $3,000 would be 40%) to be eligible for withdrawal.
4.4. Withdrawal Warning: If the Client's 6% Trailing Drawdown has locked at the Initial Balance, the Client must maintain a profit buffer in the account. Withdrawing all profits will bring the account balance to the Breach Level and will result in the immediate termination of the account.
ARTICLE 5: PROHIBITED TRADING CONDUCT
5.1. Any attempt to exploit the simulated environment or engage in strategies that do not reflect genuine market trading is strictly prohibited. Violation of these rules will result in immediate termination and forfeiture of any fees or profits.
5.2. Prohibited strategies include, but are not limited to:
a) Latency Arbitrage: Exploiting delays in the price feed.
b) High-Frequency Trading (HFT): Use of EAs or strategies that execute a high volume of trades in milliseconds.
c) Reverse or Group Hedging: Using two or more accounts to trade in opposite directions on the same instrument, thereby guaranteeing a pass on one account.
d) Account Management: Allowing any third party to trade on your account.
e) Exploitation of Price Feeds: Trading on stale or erroneous price feeds.
f) Inconsistent Risk Management or "Gambling": The Company reserves the right to terminate any account that demonstrates a trading style deemed to be "gambling." This includes, but is not limited to:
i. Using inconsistent or "all-or-nothing" lot sizes (e.g., risking 0.1% on nine trades and 10% on one trade).
ii. Consistently risking two percent (2%) or more of the account balance on a single trade, even if such action does not breach other drawdown limits.
ARTICLE 6: BREACH, TERMINATION, AND FORFEITURE
6.1. Hard Breach: A violation of the Maximum Daily Drawdown (3%), Maximum Total Drawdown (6%), or the Weekend Holding rule will result in an immediate "Hard Breach." A violation of a non-drawdown rule (e.g., the News Trading Rule) will result in a "Hard Breach". The account will be disabled, and this Agreement will be terminated.
6.2. Forfeiture: Upon any Hard Breach, the Client forfeits their right to continue the Program, any claim to a Performance Fee, and any right to a refund of the initial fee paid.
ARTICLE 7: DISCLAIMERS & LIMITATION OF LIABILITY
7.1. No Financial Advice: The Company provides a simulated trading environment and evaluation. We are not a broker, nor do we provide any financial, investment, or trading advice.
7.2. Simulated Environment: The Client acknowledges that all trading is performed on demo accounts with simulated funds. The Performance Fee is a reward for the Client's skill, paid by the Company, and does not constitute a brokerage relationship.
7.3. Limitation of Liability: To the fullest extent permitted by law, the Company shall not be liable for any indirect, incidental, special, or consequential damages, including but not limited to loss of profits, data, or goodwill, arising from the Client's participation in the Program. The Company's total liability shall be limited to the amount of the fee paid by the Client for the Evaluation.
ARTICLE 8: MISCELLANEOUS
8.1. Governing Law: This Agreement shall be governed by and construed in accordance with the laws of [Your Jurisdiction].
8.2. Amendments: The Company reserves the right to amend this Agreement at any time. The Client's continued use of the Program after such changes constitutes acceptance of the new Terms.
8.3. Entire Agreement: This Agreement constitutes the entire agreement between the Client and the Company and supersedes all prior communications and proposals.