Trader Incubator Accounts
Terms and Conditions and Privacy Policy
The following information provides terms and conditions for the participants in The Trading Clubb’s “Trader Incubator Accounts”. The Trading Clubb (TTC) is offering this programme in collaboration with MyFX Markets.
Eligible deposit amounts ($USD):$1,000, $2,500 and $5,000
I.The trader is to make a deposit, into a funding account held in their own name at MyFX Markets, pursuant to this agreement.
II.MyFX Markets will also enliven a TTC Trader Incubator account (‘Trader Incubator Account’) in tandem. Once the transfer of the deposit amount from trader’s funding account to their Trader Incubator Account, as effected by MyFX Markets, for ‘Start Up’ Stage 1 participation, is done, The Trading Clubb will add trader funding to that Trader Incubator account so that it totals ten (10) times the deposited amount.
For example, at stage 1, when the trader (as effected by MyFX Markets) transfers $1,000 from their funding account to their Trader Incubator account pursuant to this agreement, The Trading Clubb will add $9,000 into the trader’s Trader Incubator account, for a total trader funding amount of $10,000.
TTC Trader Incubation is set out in five (5) Stages:
Stage 1 Start Up
- 10x the deposit amount in their Trader Incubator account
- First Loss and Max Drawdown @ 10% of total trading funding amount in the Trader Incubator account
- 20% profit target (basis account equity) that's hit or exceeded at end of any month New York time 17:00 will see 80% of profits swept from Trader Incubator account into the funding account within 7 days of month’s end and also enables a request for progression to Stage 2 Scale Up
Stage 2 Scale Up
- 20x the deposit in their Trader Incubator account, all without the trader having to add any further deposits
- First Loss (trader's deposit still acts as first loss but The Trading Clubb contributes to the relevant drawdown amount as risk capital in the Trader Incubator account) and Max Drawdown @ 10% of total trading funding amount in Trader Incubator account rule still applies.
- 20% profit target (basis account equity) that is hit or exceeded at end of any month, New York time 17:00 will see these profits swept from Trader Incubator account to funding account per profit share and enable a request for progression to Stage 3 Scale Up.
- Trader and The Trading Clubb share in trading profits on a 80/20 basis respectively (i.e. in 80% profit share in trader’s favour)
Stage 3 Scale Up
- 40x the deposit amount top up in their Trader Incubator account, same again, all without you having to add further risk capital
- Same First Loss rule applies per Stage 2 Scale Up
- Trader and The Trading Clubb share in trading profits on a 70/30 basis respectively (i.e. in 70% profit share in trader’s favour)
- 20% profit target (basis account equity) that's hit or exceeded at end of any month New York time 17:00 will see these profits swept from Trader Incubator account to funding account per profit share and enable a request for progression to Stage 4 Scale Up
- Trader and The Trading Clubb share in trading profits on a 70/30 basis respectively (i.e. in 70% profit share in trader’s favour)
Stage 4 Scale Up
- 80x the deposit amount top up in their Trader Incubator account, again, all without you having to add further risk capital
- Same First Loss rule applies per Scale Up Level Stage 2
- 20% profit target (basis account equity) that's hit or exceeded at end of any month New York time 17:00 will see these profits swept from Trader Incubator account to funding account per profit share and enable a request for progression to Stage 5 Scale Up.
- Trader and The Trading Clubb share in trading profits on a 60/40 basis respectively (i.e. in 60% profit share in trader’s favour)
Stage 5 Scale Up
- 200x the deposit amount top up in their Trader Incubator account, yet again, all without you having to add further deposits
- Same First Loss rule applies per Stage 2 Scale Up.
- 20% profit target (basis account equity) that is hit or exceeded at end of any month NY time 17:00 will see these profits swept from Trader Incubator account to funding account per profit share
- Trader and The Trading Clubb share in trading profits on a 50/50 basis respectively (i.e. in 50% profit share in trader’s favour)
At any stage of the Trader Incubator journey, traders who can contribute a minimum of $20,000 USD (maximum of $50,000 USD) to an acceleration account, may request to be fast tracked into joining our Acceleration Programme: a pathway to becoming a licensed fund manager at a leading, regulated hedge fund. Further details on this will be made available to those eligible for the Acceleration Programme.
Please note, that any trader progression from Stage1 through to Stage 5 is subject to the sole and unfettered discretion of The Trading Clubb and is subject to change without notice and anything stated is to be read as a guide only.
At Stage 1, the deposit amount acts as the first loss amount in a drawdown scenario and also acts as the maximum drawdown amount, when hit, to trigger immediate account closure.
In all Scale Up stages, the maximum drawdown is set to 10% of the total trader funding, calculated as an aggregate of the first loss amount equal to the minimum deposit by the trader (still acting as the first loss amount) plus The Trading Clubb’s contribution to the Trader Incubator account to increase the drawdown amount available, done at its sole and unfettered discretion.
Please note that the trader will not be responsible for any drawdown beyond the first loss amount i.e. deposit(s) made pursuant to each Trader Incubator account
Any trading profits made from an Trader Incubator account are reconciled monthly (EOM New York time 17:00) and deposited into trader’s funding account within seven (7) business days from end of the relevant calendar month.
At month’s end plus 7 days, the trader may withdraw their profit share from their funding account but is limited to only the positive equity exceeding the relevant deposited amount, if any such positive equity exists.
The trader may exit TTC Trader Incubator by request and withdraw all profits, receive back their deposit amount, if any such positive equity is present in Trader Incubation or funding account. However, please note this shall immediately close all open positions and orders and follow procedures of termination as per this agreement. To do so, please email info@thetradingclubb.com with a request to exit TTC Trader Incubator and reasons.
Terms and Termination of Agreement
This agreement shall come into force on the date of agreement by both parties and continue in force until terminated in writing by the trader. This agreement may be terminated by the trader with one (1) month written notice. In the event of a termination of the contract for reasons other than those outlined below, any accrued profits will be paid to the trader at the end of the current month per payment terms and the return of deposit made pursuant to a TTC Trader Incubator account, if such positive equity in a relevant Trader Incubator account is available.
This agreement may be terminated by The Trading Clubb or MyFX Markets and will give effect of forfeiting any profit share and minimum deposit(s) with immediate effect and The Trading Clubb nor MyFX Markets shall be under no liability to make any payment or funds transfer to the trader, if at any time the trader:
- is viewed or as deemed by The Trading Clubb or MyFXMarkets in their sole and unfettered discretion, that the trader acted in a manner that may have caused negative consequences to The Trading Clubb or MyFX Markets due to the trader’s negligence, unsatisfactory behaviour, or misconduct; or
- commits any serious or repeated breaches or non-observance of any of the provisions of this agreement or refuses or neglects to comply with any direction of The Trading Clubb or MyFX Markets; or
- III.is viewed as having perpetrated any fraud or dishonesty or acts in any manner which in the sole and unfettered discretion of The Trading Clubb or MyFX Markets brings or is likely to bring The Trading Clubb or MyFX Markets into disrepute or is materially adverse to their interests.
b) The rights of The Trading Clubb or MyFX Markets under this heading are without prejudice to any other rights that it might have at law to terminate this agreement or to accept any breach of this agreement on the part of The Trading Clubb as having brought the agreement to an end. Any delay by The Trading Clubb or MyFX Markets in exercising its rights to terminate shall not constitute a waiver thereof.
c) The trader is required to inform The Trading Clubb in writing if they are in breach of any part of this agreement. MyFX Markets retains the right to waive clauses; a waived clause can only be confirmed by in writing and signing of a new, amended contract.
d) In the event that The Trading Clubb or MyFX Markets suspects the trader is in breach of this agreement, The Trading Clubb or MyFX Markets will notify the trader of the suspected breach in writing and the Trader Incubator Account will be suspended until further notice. All open trades will be closed by MyFX Markets with immediate effect. MyFX Markets will give the trader the opportunity to dispute the decision. But MyFX Markets will take all evidence into account before deciding whether to terminate the agreement or not.
e) MyFX Markets at its sole discretion may terminate or suspend this agreement in part or in full of services set out in this agreement. In this circumstance, MyFX Markets will be required to provide written notice of the contract termination and close all positions on the account with immediate effect.
Data Protection
a) The trader consents to MyFX Markets holding and processing data relating to them for legal, personnel, administrative and management purposes and in particular to the processing of any sensitive personal data relating to the trader including, as appropriate:
- information about the trader’s physical or mental health or condition in order to monitor sick leave and take decisions as to the trader’s fitness for work;
- the trader’s racial or ethnic origin or religious or similar beliefs in order to monitor compliance with equal opportunities legislation; and
- information relating to any criminal proceedings in which the trader has been involved for insurance purposes and in order to comply with legal requirements and obligations to third parties.
b) The trader consents to MyFX Markets or The Trading Clubb making any information about the trader available to those who provide products or services to MyFX Markets or The Trading Clubb (such as advisors), regulatory authorities, governmental or quasi-governmental organisations and potential markets of MyFX Markets or The Trading Clubb or any part of its business.
c) The trader consents to the transfer of such information to MyFX Markets business contacts outside the European Economic Area or any other part of the world if necessary in order to further its business interests such as the promotion of trading performance results.
Other Provisions
Nothing in this agreement is intended to, or shall be deemed to constitute a partnership or joint venture between the parties, constitute any party the agent of another party, or authorise any party to make or enter into as commitments for and on behalf of any other party save as provided in this agreement.
Where there is inconsistency or ambiguity in this agreement, The Trading Clubb or MyFX Markets reserves the right to make any decision or take any action it sees fit pursuant to their sole and unfettered discretion and interests.
Counterparts
This agreement may be executed by the different parties hereto on separate counterparts each of which when executed and delivered shall constitute an original and all such counterparts together constituting but one and the same instrument.
Assignment
The trader shall not assign this agreement in whole or part to any third party without the prior written consent of MyFX Markets and/or The Trading Clubb.
Entire agreement
Each party on behalf of itself acknowledges and agrees with the other party that:
This agreement (and any other documents referred to in them) constitute the entire agreement and understanding between the trader, The Trading Clubb and MyFX Markets and supersedes any previous agreement between them relating to the provision of wallet and incubation accounts (which shall be deemed to have been terminated by mutual consent);
In entering into this agreement neither party has relied on any pre-contractual statement; and
The only remedy available to either party for breach of this agreement shall be for breach of contract under the terms of this agreement and shall have no right of action against any other party in respect of any pre-contractual statement. Nothing in this agreement shall, however, operate to limit or exclude any liability for fraud.
This agreement shall be interpreted in accordance with the laws of the British Virgin Islands.
All notices in connection with this agreement to the respective party hereto shall be in writing (facsimile or registered letter) and in the English language. In witness hereof, the parties have executed this agreement in duplicate.
Restricted Countries: Please note that we are unable to open accounts for the following countries and jurisdictions at this time. This list is subject to change at any time: USA. Also, the information on the website is not directed to residents of any country where FX and /or CFDs trading is restricted or prohibited by local laws or regulation.
Specific rules
Maximum Time: There is no limit on the duration of any Trader Incubator Account
Minimum Trading Days: There are no minimum trading days
Instruments available to Trade: All products available on the MT4 platform provided by MyFX Markets are available to trade including Forex, Crypto, Metals, Equity indices, Energy
Profit share calculation: Profit share accrues from the start date of the Trader Incubator account until a profit target of 20% from funded trading account balance at the beginning of each Stage 1-5. At Stage 5, when additional 20% profit targets are achieved at the end of any month, profits will be paid into the funding account in arrears within the next seven (7) business days of the applicable End of Month.
Trader profit share to be remitted is calculated per the following formulation subject to the trader hitting the minimum 20% profit target at the end of each calendar month New York time 17:00:
For example – Stage 1 and 2: (Nominal Trader Incubator account balance – Trader Incubator account multiplied equity value) * 80% = profit share available for remittance to funding account.
Any queries or correspondence is to be directed to: info@thetradingclubb.com
Privacy Policy
The Company reserves the right to suspend, replace, modify, amend, or terminate this Privacy Policy at any time, without notice, and within its sole and absolute discretion. In the event the Company replaces, modifies, or amends this Privacy Policy, the Effective Date above will change. Your continued use of the Services after a change in the Effective Date constitutes your agreement to said replacement, modification, or amendment. It is your obligation to periodically check this Privacy Policy for changes.
Information Company Collects:
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Disclosure and Use of Information:
By using the Services you acknowledge and agree that the Company may release your personal or personally identifiable information to third-party contractors or their agents that have formed a relationship with the Company.
Company may also transfer your personal or personally identifiable information to respond to a duly authorized subpoena or court order, to respond to regulatory requests by government authorities, to protect the safety or security of the Company, the Services, its employees, and its users, and, where necessary, to protect against fraud, false advertising, or the violation of any law, statute, ordinance, regulation, or treaty, whether local, state, provincial, national or international.
Security of Information:
The Company works to protect the security of your personal and personally identifiable information using commercially reasonable security measures and has implemented industry standard encryption to protect against unauthorised access to or interception of your personal and personally identifiable information. However, no security measures are entirely impenetrable. As such, the Company is not responsible for the circumvention of its security measures by any User or third parties.