Q. Why does ETF monitor a Trader's activity?

  • ETF closely observes all Trader's trading and IP activity to ensure they comply with the Terms of Service and uphold the principles of integrity and fairness.

Q. What does KYC mean, and do I have to do it?

  • Know Your Client (KYC) is an industry standard that ETF requires to identify individuals for payout correctly.

Q. How soon can trading resume after requesting a payout from an Elite Sim-Funded account?

  • Please wait for the email from Payroll to resume trading. Any trading activity within the payout request window will not receive credit toward your active trading day total.

Q. What behavior is expected of Traders with Elite Sim-Funded accounts?

  • Traders are required to demonstrate sustained trading activity and a reasonable distribution of profits throughout the life of their Elite Sim-Funded account. Please reference this article for detailed information.

Q. What does ETF mean by sustained trading activity and reasonable distribution of profits?

  • Elite Sim-Funded accounts have a requirement for minimum trading activity and Active Trading days encourage reasonable distribution.

Q. What are some of the behaviors Traders should avoid with Elite Sim-Funded accounts?

ETF prohibits trading behavior intended to artificially manipulate and meet the payout criteria without genuine, meaningful trading activity. This includes, but is not limited to:

  • Execution of 'scratch trades' and significant downsizing in quantity or type of futures contracts.
  • HFT or High-frequency trading is prohibited. All trades you execute on ETF’s platform shall have a minimum duration of ten (10) seconds—no exceptions.
  • Martingale trading practice is prohibited. 

Q. What does ETF mean by martingale?

  • When a trader scales into a losing position by doubling (or oversizing) their quantity after each loss (or drawdown) to recover previous losses (or drawdown) with a single win, this trading practice is prohibited.

Q. What might happen to a Trader found violating the Terms of Service?

  • If a trader is found violating the Terms of Service, ETF reserves the right to delay payouts or require additional trading days, withhold payouts, and suspend accounts and services.