Please do not hesitate to ask
Why do I have to take a Trial?
Is the Trial fee refundable?
What products can I trade?
Do I have to provide any capital or will I have any liability once I go live?
What is the profit split for Traders?
When are profits paid?
The first payment is after 3 months. From then on traders may request monthly withdrawals.
Will you increase my account size?
My strategy / requirements do not fit with your trial, can I structure the programme differently?
Interactive Brokers Platform
Interactive Brokers User guide
Interactive brokers offers an extensive guide including a general overview of the platform, trading tools, risk management, research, market data and the relevant software.
To access the platform user guide please go to the following link >Click here
Please click on the User’ guide and download the PDF. There are also Interactive Tours of the platform as well as system requirements.
For mac users please use the following link to download the platform >Click here
To see the commissions structure for IB, please checkout the following link >Click here
Once on this link select the relevant product type then Fixed Pricing Structure and from here you can select the relevant market.
For example for Nymex Crude(CL) select Futures and FOP’s>Fixed Pricing Structure, then select Exchange Nymex.
Platform User guide
Our affiliate broker XM has an extensive guide on how to use the platform.
Please check out the following link >Click Here
How long is the trial phase?
Trading criteria explained
Trade 10 days within 30 calendar days – The number of trading days within the 30 day period must be exactly 10 days. These days do not have to be consecutive and trading on Sunday counts as Monday.
Always implement stops with an open position – Stops must be in place for the whole time that you are in the position
Achieve an Overall Winning Day percentage of 55 or greater – 6 days out of the 10 trading days must be in profit.
Ensure my Largest Losing Day will not hit or exceed my Daily Loss Limit – This is calculated daily and it encompasses all realised and unrealised losses.
Ensure my Account Balance will not hit or exceed my Trailing Max Drawdown – Drawdown is calculated from equity highs. for more information check out this link>Click here
Have a positive balance in each asset class traded – The asset classes that we support are forex, commodities, indices and bonds. You must have a positive balance in each asset class that you have traded. If you have not traded commodities for example, you do not have to have a positive balance in that asset class.
Can I trade multiple products?
What is the difference between the four trials?
I passed, what next?
I didn't pass, may I take the trial again?
The short answer to this question is yes. If we feel that you are not ready to take the trial, we may intervene and ask that spend some more time building your trading knowledge.
OEC Trader userguide
The OEC trade quick start user guide covers software connectivity, contract setup, order alerts, DOM (Depth of market order entry), account summary and reports >Clickhere
Can I withdraw profits anytime I want?
Once you have past the initial draw out time frame you can request profits monthly.
If I make a profit in the first month, but lose in the second, will I still get paid for the first month?
Yes. Losses in the second month are not subtracted from the first month. If you were to drawdown in the second month, we would assume all the losses and you will not be liable to pay us back.
Can I trade other asset classes in the live phase?
We would prefer that you stick to the asset classes that you traded during the trial phase. If you would like to trade other asset classes, then we will more than likely require you trade these other asset classes in the simulation environment first, so we can best evaluate your performance and make a decision on whether to include the new asset class.