Q: Why does ETF monitor a Trader's activity?
ETF closely observes all trading and IP activity to ensure traders follow the Terms of Service and maintain fairness and integrity in their trading practices.
Q: What does KYC mean, and do I have to do it?
KYC stands for "Know Your Client." It’s an industry standard that ETF uses to identify traders correctly for payouts. All traders must complete KYC before receiving their payout.
Q: How soon can trading resume after requesting a payout from an Elite Sim-Funded account?
Traders must wait for an email from Payroll before resuming trading. Any trading activity during the payout request window will not count towards Active Trading Day totals.
Q: What behavior is expected of Traders with Elite Sim-Funded accounts?
Traders are required to maintain sustained trading activity and ensure a reasonable distribution of profits throughout their Elite Sim-Funded account’s life.
Q: What does ETF mean by sustained trading activity and reasonable distribution of profits?
Elite Sim-Funded accounts require traders to meet minimum trading activity, ensuring profits are distributed reasonably over time.
Q: What behaviors should Traders avoid with Elite Sim-Funded accounts?
Traders should avoid artificial trading tactics, such as:
- Scratch trades or drastically downsizing contracts.
- High-frequency trading (HFT): All trades must last at least 10 seconds.
- Martingale practices: Doubling position sizes after losses to recover is prohibited.
Q: What is Martingale trading?
Martingale trading involves increasing trade sizes after losses to recover with a single win. This practice is strictly prohibited.
Q: What happens if a Trader violates the Terms of Service?
Traders violating ETF’s Terms of Service may face delayed payouts, additional trading days, withheld payouts, or account suspension.