LEARN TOO TRADE: FUNDED FOREX ACCOUNTS

_{Are you looking for a Funded Forex Account? It is no secret that trading can be a risky business, especially for inexperienced trader or investors, and is also the case for many of the seasoned traders that have low capital}.

When it comes to forex trading, in particular seen and being renowned as being somewhat more challenging to follow and predict than say – stocks or share as said in the UK. That is because there are a lot more in the way of the deciding factors of movement when it comes to the valuation of your average FX pair – such as geo-political reason such as unrest, the other capital markets, along with government and public debt

So, would it surprise you to know that you could buy and sell currencies on the foreign exchange market also trade energy and indices without risking your own hard-earned capital? Well, you can, by the opening a Cafe-Funded-Account (CFA) with The Trader Cafe, the platforms that we offer is used by our member, thus it has been tested and the members may be able to give you the short cuts on being successful

If you are still unsure about what a Cafe-Funded-Account (CFA) is, then stay right where you are. We are going to cover everything you need to know about The Trader Cafe', Cafe-Funded Account (CFA) , including how to sign up for an evaluation, general guidelines, and account levels that are on offer.

Prove that you can trade

THE FUNDING SCHEME

By understanding the basic rules of how the Cafe-Funded Account (CFA) works, is where many novice and even season traders may slip up and working your way up through the different schemes may break or make you become a seven figure trader!
But let us not get ahead of ourselves here.

So, what is a Cafe-Funded Account?

In a nutshell, forex-funded accounts enable traders to grow their trading accounts – crucially, without risking their own capital money. Here at the trader cafe', we want to empower you as well as give you an opportunity to create a consistent real time income from all types of trading.

So, you may have a small budget? that is No problem, when trading a CFA you can risk a low as $??? to have access to a $10,000K account, so you risk is small but you potential gains could be great, but that will come down to how seriously you apply the rules that we give you and you apply the rules of the funded account.

When opening a Cafe-Funded Account through The Trader Cafe, you will not be trading on behalf of The Trading Cafe or using any of our corporate licence, but you might possibly have a higher funded trading capital balance than you might have otherwise usually had access to.
Essentially, if you don’t make any money – neither do we. So, we help set the account up for you, we hope you take our Café Funded Account training, as with this in mind, it is very much in our interest to make sure you have all of the tools and help necessary to increase your forex trading profitability – in a stable manner, as this also builds our community.

As we think that everyone deserves a chance at trading forex success. With that in mind, we are looking for dedicated, organized.

So what is included in
Forex Funded Account?

When you join our funded trader program, we give you access to our discord server where you can exchange ideas and Forex signals with other member to assist with your trading!

Access to our award-winning Forex courses is also included to help you achieve maximum returns!

CAFE FUNDING ACCOUNT STAGES
Let's delve into Cafe-Funded Accounts in some more detail, starting with the stages of evaluation and becoming your own
portfolio account manager.

So what is a Cafe-Funded Account ?

CAFE FUNDING ACCOUNT STAGES

Let's delve into Cafe-Funded Account s in some more detail, starting with the stages of evaluation and becoming your own portfolio account manager.

Forex Funded Account Guidelines

Let’s run through the guidelines to clear the mist on the key metrics of a cafe-funded account.

Evaluation Phase

So, from the moment you open your cafe-funded account with us – we would like to consider you are part of The Trader Cafe team. So, we would like to consider you a business associate.

It’s only fair that we stick to our end of the deal by providing you with the trading platform needed to trade. In return, you’ve use the trading skills you have learned to make metaphorical oranges into juice, as it is all about teamwork.

Your first account will be paper a paper trading account that you place your orders, in turn that is match by a live account, to monitor your progress

Profit Split (70/30)

Once your cafe-funded account with us is live – you will be part of The Trader Cafe team, so we’re going let you have all gains you have make with the basis of the plan. That’s right, no share your profits with us.

Providing you with the platform and trading capital needed to trade.

Capital Growth System

Here we evaluate your cafe-funded accounts by testing your trading abilities and skill set, in environments mirroring real-life market conditions.

Our practical evaluation process works well with both manual trading methodologies and trading strategies alike. Your and our aim here is to use the evaluation phase in order to sustain and elevate trading capital.

Provided you are in the green (making a profit), we can help every calendar month to support you, enabling you to get to a point where trading and earn a living while growing your trading portfolio – at a much faster rate than you can image

Profit Payment Procedure

When it comes to profit payment – we believe in compounded profits. This means that any gains you make will be given to you in a way that does not affect the growth of your cafe funded account.

Furthermore, when you reach the end of your initial evaluation phase – as long as you finish with a positive balance – we will ensure that all due profits are paid to you.

Evaluation Time Frame

If you have ever looked into opening any funded account before, then you will know that some platforms enforce strict time limits – some as little as a month!

Here at The Trader Cafe, we believe in flexibility. so, in other words, when opening a Cafe-funded account with us you will have an entire year to pass your first evaluation.

Good things come to those who wait; thou however, if you should wish to steamroll your way through the evaluation processes and pass within a few months – that is entirely your call, either way, as soon as you pass your first evaluation, our team will let you know.

Minimum Trading Days: 30

Whilst we enforce no post-evaluation time restrictions – during your evaluation you must proactively trade for a minimum of 30 days. To clarify, if you open a trade position on a Wednesday, and close it on a Thursday – this will be counted as 1 singular trading day.

Minimum Trades: 45

As well as your 30-day minimum active trading requirement, you also need to display your trading skills to us. In order for us to thoroughly assess your trading capabilities, you will need to fulfil our requirement of 60 trades minimum.
Let us be super clear about what constitutes 1 trade when it comes to your evaluation requirements.

Let’s say you decide to open more than one position on EUR/USD.
Until both positions have been closed – this still counts as 1 trade.

In terms of the portfolio manager phase, following your evaluation phase graduation – you only have to actively trade four (4) different positions in a calendar month.

Max Risk for Each Trade

As a funded trader, you will only be permitted to risk up to 2% for each trade – this includes stop-orders, market orders, and pending orders.

If like in our earlier example, you decide to open more than one position on a pair EUR/USD – the combined risk on these trades must not go above 2% of your Cafe funded account balance.

Let’s say you’ve decided to utilize a hedging strategy. Once again, the risk covering all trades must not go beyond 2%. If, on the other hand, you decide to open a position on EUR/USD and also GBP/USD – these counts as 2 separate trades. Therefore, you can risk as much as 2% on each trade, but remember your account risk per day.

Max Risk Exposure: Lot Size

Different stages come with different maximum lot sizes. What we mean by maximum exposure is that you will only be permitted to open lot sizes of a certain amount.

To give you a clearer idea, let’s say you have 4 open positions of 1 lot. You then break even by shifting your stop loss (of 1 lot). This gives you room for a further 1 lot worth of risk on future trading endeavours.

Tradable Currency Pairs

When it comes to forex trading, there are heaps of tradable currency pairs available when joining The Trader Cafe Trader program. We give our traders exposure to major pairs and major pairs – and even exotic forex pairs for you to combine.

To give you an example, please see below:

Minor FX Pairs: EUR/GBP, GBP/JPY, EUR/NZD, GBP/JPY, EUR/CHF.
Major FX Pairs: GBP/USD, USD/CHF, EUR/USD, NZD/USD, USD/JPY.
Cross FX Pairs: EUR/AUD, EUR/JPY, EUR/GBP, GBP/CAD, GBP/CAD, GBP/AUD.

Cafe Funded Account Rules and Regs

We are 100% transparent when it comes to account rules and regulations. As such, below we outline some of the key metrics that you need to be made aware of before getting started.

Hard Stop Loss Value

As a Cafe-Funded-Trader, you are obligated to order a stop-loss for every single pending market order, stop order and limit order, and the same goes for any kind of open trade.

As we mentioned earlier, you must also keep an eye on your risk percentage, as anything over 2% per trade is a violation of the rules.

To give you another example:

+Your account balance is $10,000
+You open one trade on GBP/USD, which comes with a risk of 0.5%
+Next, you open another trade on GBP/USD.
+The risk ratio on the second position can’t be any higher than 1.5%.

See further up for a full explanation of maximum risk+

Forex Funded Account Restraints

You are forbidden from applying for a Cafe-Funded Trading account for any purpose other than to trade.
Traders must not collaborate/copy trade with any other people actively trading with The Trader Cafe Funded account.
It is not permitted to use copy trading accounts and they must not be used to duplicate any positions.
Should you decide to open more than one forex-funded account – you must not hedge between these individual accounts.
If you violate any of our rules regarding risk management or lot size we have the right to terminate your Cafe-funded account. In this scenario, you are able to reapply to try again once you understand the rules.

Get Funded Now

https://thetradercafe.org/funded-forex-accounts#price_chart

Forex Funding Program Termination

We like to be crystal clear about what we expect from our funded traders. As such, please review the following sections on what can lead to the termination of your account.

Hitting your max relative drawdown amount.
Abuse of your account.
Account expiration.
Using your account for anything other than trading.
Failure to follow risk management rules.

Notice of Termination

In the unfortunate event that your account is terminated, the procedure is as follows:

You will receive a termination notice via the email address you provided to us.
Any trading permissions and platforms access associated with your account will be disabled.
Your trading account will be frozen.
Next, you will be sent a full detailed trading report via email.
If your account happens to be in the green (you made a profit) – you will be paid a calculated lump sum within the same month.

Reapplying after Termination

We do not want to see good traders leave – however rules must be followed. That said, if you have previously had your forex funded account terminated there is nothing to stop you from applying again.

It is strongly advised that any trader wishing to reapply for an account study the termination notice and trading report. Not only that, but re-read all rules associated with this type of account.

Who Takes Part in the Cafe Funded Agreement?

There are only two participants in our Cafe Funded Account agreement – that’s us here at The Trader Cafe, and you – the trader. When it comes to your trading account, you will need to go through various stages.

To shed some further light on this, please see the below:

Forex-Funded Trading Capital

As you know, we give traders capital to trade with. If, when you are using a fully funded account, you experience any losses you will not be personally liable for these losses.

That said, you must follow the below principles:

You are obligated to utilize all risk management measures.
You must conduct yourself in a responsible manner to try and bypass major losses.
Your account must never be used by anyone other than yourself.
If you think your trading account details have been stolen or misplaced – you must contact our customer support team immediately.

Who can Trade Cafe-Funded Account?

We have compiled a list of persons who are eligible for a forex funded trading account below:

Traders above the age of 18.
Persons holding proof of identification.
Solo traders – no companies or copy traders.
Traders must exhibit at least basic knowledge of the market and trading terms. Common trading terms we are referring to include; pips, overnight financing fees, stop orders, spreads, drawdown, etc.
Persons need to consistently show satisfactory trading abilities – not only during the evaluation stage but beyond.
Traders should have a crystal-clear comprehension of all of our policies regarding minimum requirements and risk. management detailed on our platform.

The Evaluation Fee Framework

You will be charged a one-off fee for signing up to the evaluation stage of your Cafe-funded trading account.
We do not charge any monthly fees for using our funded trading account.
Your entry fee is not to be confused with a deposit.
From the moment your account has been confirmed – you will not be entitled to a refund.
You are not permitted to either downgrade or upgrade from whichever stage you are at.

The Benefits of Cafe Funding Accounts

As a Cafe-funded trader, you are obligated to order a stop-loss for every single pending market order, stop order and limit order. The same goes for any kind of open trade.