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How does ProTrader evaluation work? What are the rules?
How does ProTrader evaluation work? What are the rules?
Updated over a week ago

To complete our evaluation and receive the virtual (please see Do I trade real money on provided accounts? for details on how Fintokei manages the funds) ProTrader trading account and Performance reward from it, you must successfully pass two phases.

In each phase, your goal is to make 8% (1st Phase) and 5% (2nd Phase) profit while avoiding suffering a daily drawdown of over 5% and a total drawdown of over 10%. There are a few other rules that make sure that only diligent traders pass the evaluation phase. Before you start, make sure to check the verification rules in detail.

Once you complete your profit target, check that you also have the required amount of trading days. A trading day is a day where at least one trade was opened.

If your profit and minimum trading days requirements are complete, make sure to close all open trades. Only once the trades are closed and you are in the required % profit, can the phase be considered as passed.

As soon as you pass the second phase, you will receive a certificate proving your skills, and we will contact you and set up the ProTrader account. We will ask you to verify your identity using an automated system and send you a contract for becoming a professional trader. We will also process the contract fee worth the amount you you’ve paid for the program together with the first performance reward payout from the account.

Contract fees are processed separately from the payouts but on the same day as the first payout. Payment method of the contract fee is different so it could take 3-14 days until you receive the funds, usually you will receive the payout first and after couple of days also the contract fee arrives.

In order for the account to remain active, you must fulfill the condition of at least 1 trade per 30 days on the account.

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