FAQ
Yes Funded Choice offers a referral system for Automated Trading Program and Manual Trading Program. For every trader that is referred, the affiliate will receive 20% of the price of the challenge, and 20% of the profits that Funded Choice takes as a profit split from live funded account traded by the referred client. This in a way creates a renewable source of income for the affiliate and incentivizes them to grow with us.
For Example:
You referred a client who purchased a 100,000 USD Account from Automated Trading Program priced at 940.00 GBP. You will receive a 188.00 GBP commission (20%).
The referred client passes 1-Step Verification and on the 1st month of trading they make 10% gain.
100,000 USD x 10% = $ 10,000 Profit.
Month 1 Trader takes 70% of the profits so $ 7,000
Funded Choice takes 30% of the profits so $ 3,000
From Funded Choice’s profit split of $ 3,000.00 , $ 600.00 (20%)is given to you as the affiliate.
Anyone! Even people that are funded with Funded Choice can sign up for our affiliate program.
Affiliates are paid out in cryptocurrency (via usdt or BTC) or through Wize.
Click here to become an affiliate
Indefinitely. The Affiliates will be paid a profit split on live funded account for as long as the referred client keeps the account in good standing and does not violate any of the live account rules. To familiarize yourself with the Program rules click here
You can track those metrics through the client portal. If you are registered as an affiliate, you will have metrics that will display the profit accrued from the signups as well as the profit that is made on the live funded accounts. You can get your payout processed from the client portal as well.
Yes. We offer a 10% discount on all challenges that are purchased in cryptocurrency. Discounts are applied when signing up for a challenge.
No, stop-loss placement is not required on 1-Stage Verification as well as the live funded account for Automated Trading Program and Manual Trading Program. We however strongly advise traders to utilize a defined stop-loss as it is conducive to better risk management reducing unforeseen large losses.
Forex-Foreign Currency Exchange is a financial market where its participants attempt to make a profit based on the fluctuations of the exchange rate of foreign currencies. Simply put there are many financial entities involved in this market, and to learn more about it, there are a plethora of good resources (non-endorsed) that one can refer to. www.babypips.com is a solid start to get a foundation of the market.
Yes you are allowed to trade during news, however, we strongly advise that you consult the economic calendar and exercise proper risk management during high volatility news. You are allowed to hold trades during session roll-overs, as well as the weekend.
No you are not allowed to use expert advisors or algorithms to trade on Manual Trading Program accounts. This server is reserved solely for traders who want to apply their manual trading skills. If you want to use expert advisors/ algorithms/ ea/ robots/ HFT/ arbitrage to trade, you can do so if you have an Automated Trading Program Account. To learn more about our programs click here
It resets at 00:00 GMT (Greenwich Mean time) which is the timezone where our servers are based out of.
Maximum funding of $ 700,000 USD is allowed per person for both Manual Trading and Automated Trading Program.
Yes you are permitted to copy trades from other accounts within reason. We also allow the use of multiple IP addresses.
No there are none. As long as one position is opened and closed, you are entitled to month 1 payout.
We do not allow the use of any expert advisors across 1-stage verification and live funded account for Manual Trading Program.
We do not allow the use of arbitrage systems on live funded account for Automated Trading Program. Arbitrage is permitted on 1-stage verification for Automated Trading program.
Yes, we offer a 25% discount off your next account purchase if a violation was detected on either the 1 Stage Verification or live funded account.
You must be 18 years or older. Country of residence does not matter as we accept payments in cryptocurrency as well as credit cards.
Funded Choice offers Its Traders with unparalleled competitive spreads and zero dollar commissions. This applies to all accounts with leverage that goes up to 1:400.
No as research as shown that 45 days is sufficient to pass our challenge. Besides, the majority of the prop firms provide their traders with 30 calendar days to pass stage 1 and a 14 day extension which roughly amounts to the same amount of time allocated for 1-stage verification.
Yes as long as your account is in good standing (no violations of the 8% daily drawdown and 10% maximum loss of equity), you are entitled to unlimited free retries.
No. We are a FOREX based platform.
Funded Choice is not a forex broker. We use a defined server to ensure the best spreads and zero dollar commission for our traders across all of the accounts. We utilize an institutional intech company to provide us with liquidity.
Funded Choice counts a trading day when you open a trade that day before 23:59 (GMT)
There is a one-time refundable fee for the Automated Trading and Manual Trading Program. This fee is paid per challenge and is account size specific. Once you successfully pass 1-Stage Verification you are refunded this fee at the same time as your Month 1 payout.
Congratulations! You will be given a 2% payout from the profits accrued on the verification stage. Then once the KYC verification is completed, you will be automatically given the logins to your live funded trading account. This will become visible in your client portal.
Login credentials for your trading account are emailed to you within 30 minutes of completing your purchase.
No there are none, just out of courtesy notify our support team and we will make a note on your account profile.
The 1- Stage Verification Starts the moment you place the first trade.
Upon passing the 1-Stage verification program for either Manual Trading or Automated Trading Program, traders are paid out 2% of the profit target required to complete the challenge. This payout is done before the trader is given the live funded account to ensure that they are rewarded for their time and expertise. Payout methods are in cryptocurrency (USDT/BTC) or Wize.
For both Manual Trading and Automated Trading programs, you are paid out 2% right away once you pass the 1- stage verification. On live funded accounts, you are paid out after 30 calendar days for Month 1, Month 2 onwards you are paid out weekly (every 7 calendar days).
When the trader is able to show 3 months of profitability on the live funded account, they are automatically upgraded to elite trader status meaning that they can request a withdrawal of the profits at anytime and they are paid out the same day.
You are able to request your payout through the client portal. The available options are through Wize or cryptocurrency (BTC, USDT). Funded Choice offers its traders same day payouts.
You will have to consult your accountant and the laws governing your area of residence. As a funded trader, you operate as a contractor, thus the obligation of filing taxes falls on you.
Before we can issue your live funded account after passing your 1-Stage Verification, you must fulfil the KYC and sign the Funded Trader Agreement Form. To satisfy the KYC, we ask you to provide a scanned photograph of a government issued ID (i.e. driver’s license) as long as the name under which the account is registered matches the name displayed on the government issued ID it is approved.
Also, please be sure to fill out and sign the Funded Trader Agreement. Both of this is done through the client portal under KYC- Know Your Client.