At The Funded Trader, it is crucial to have a clear understanding of the guidelines and restrictions surrounding the use of trade copiers to ensure compliance with simulated account regulations.
To ensure a successful trading experience with our firm, we strongly encourage you to familiarize yourself with these distinctions by thoroughly reading the information provided below.
Permitted Use of Trade Copying
Traders have the ability to utilize their simulated The Funded Trader account as the primary source of trades (i.e., master account), allowing them to seamlessly replicate their trades into their personal account or other prop firm trading accounts, so long as the necessary expert advisors (EA's) have been enabled.
The following scenarios are permitted while using Trade Copiers:
Using Your TFT Account as a Master Account
Traders are allowed to use their simulated TFT account as a master account and copy trades from TFT to their personal account or other firms' prop trading accounts.
Copying To and Between Royal Accounts, Knight Accounts, or Standard+EA Accounts:
Traders are allowed to copy to and between simulated Royal Accounts, Knight Accounts or Standard+EA accounts only.
The following examples illustrate how you can set up your copy trading through Royal, Knight, and Standard+EA Accounts:
Standard Account can copy trades to Royal Account
Rapid Account can copy trades to Royal Account
Royal Account can copy trades to Royal Account
Knight Account can copy trades to Royal Account
Personal/Other Firm can copy trades to Royal Account
Standard Account can copy trades to Knight Account
Rapid Account can copy trades to Knight Account
Royal Account can copy trades to Knight Account
Knight Account can copy trades to Knight Account
Personal/Other Firm can copy trades to Knight Account
Standard Account can copy trades to Standard+EA accounts
Rapid Account can copy trades to Standard+EA accounts
Royal Account can copy trades to Standard+EA accounts
Knight Account can copy trades to Standard+EA accounts
Personal/other Firm Accounts can copy trades to Standard+EA accounts
Please note that if copying trades from an outside account to a TFT Royal Account. Knight Account or Standard+EA Account, the trades taken must be placed by the owner of the TFT account.
Prohibited Use of Trade Copying
There are also restrictions on how you can use trade copiers at TFT. The following scenarios are strictly prohibited when using trade copiers:
Copying Trades to Standard or Rapid Accounts
Traders are not allowed to copy trades from their personal accounts to a non-EA enabled TFT Standard or Rapid Account, though they may copy from their personal accounts to TFT Royal Accounts, Knight Accounts, or Standard+EA Accounts only.
The following examples are prohibited copy trading between TFT Accounts:
You may not copy from Standard to Rapid Accounts
You may not copy from Rapid to non-EA Standard Accounts
You may not copy from Royal to Rapid Accounts
You may not copy from Royal to non-EA Standard Accounts
You may not copy from Knights Account to Rapid or non-EA Standard Accounts.
You may not copy from Personal/Other Firm accounts to non-EA Standard/Rapid Accounts
Copying to Other Trader Accounts/Raising Identical Orders
Traders are strictly prohibited from copying trades to other traders' accounts.
The following activities are strictly prohibited when using copy traders:
Raising identical orders as one or more other Traders within identical time intervals or time horizons
Raising identical orders as one or more other Traders within similar time intervals or time horizons
Raising orders akin to one or more other Traders or a variation of either (and) identical or very similar order sizes and instruments, and/or orders raised within identical or similar time intervals and horizons
Using the same Expert Advisor or Expert Advisor parameters as other traders. Traders’ EA parameters must be unique to their trading accounts
Using the same Expert Advisor trading signals as other traders. Traders’ trading signals must be unique to their trading accounts
Using Copy Trading, Account Management, or "Pass Your Challenge" Services
If the trader uses any type of copy trading service, account management, or "pass your challenge" services, it will be considered a violation/breach, as all trades taken on any TFT demo account must be that of the trader's own idea and execution.
Violating Prohibited Trade Copying Activities
The Funded Trader offers one warning for the first occurrence of violating trade copier rules.
Should you violate any of the aforementioned points above, you will be first issued a warning along with Simulated Profits being deducted.
Upon the second violation, the account will be breached and any Simulated Profits forfeited.
Simulated Profit deductions are processed on the following business day of the violation. In the event any deductions result in the breach of the daily or maximum simulated Loss limit, the trader is responsible for the violation.