Program Terms

Program details

All information provided on this page is subject to the Terms of Use and in case of any contradiction the Terms of Use will prevail.

Stock:

Trading in the Program is focused on User evolution. The User must fully understand the unique characteristics of the stock market. Specifically, with regards to trading, the User must fully familiarize themselves with the following terms and implications of the following terms: Market Hours, Economic Releases, Spreads, Commission, Slippage, Variable Spread Conditions, Volatility, Cents, Point Value, Share Size, Stop Loss, Quantity, Take Profit, Market Order, Stop Order, Limit Order, Ask, Bid, Risk Per Day, Pump and Dump Risk, Drawdown, Daily loss.

Trading Platform:

The Company provides trading on the trading platform, with full authority to perform trading during market hours. At this time, the Company provides for the use of Windows Operating system, Mac OS by a non-official & non-supported technical workaround, and mobile access for Android and iOS.

The Company may change its suppliers and systems to any other solution and technology, at any time.

Trade-Ideas / TrendSpider / BookMap:

Due to our collaboration with Trade-Ideas & TrendSpider, BookMap any new User that signs up for Trade The pool program (excluding Mini BP) will be eligible for a FREE Trade-Ideas or TrendSpider or BookMap user for 30 days.

Please be aware, once a User gets funded, he or she will pay for their subscription to one of the platforms (if he/she would like to use them).

Tradersync / Stock Traders Daily / Tradervue:

Due to our collaboration with Tradersync / Stock Traders Daily / Tradervue any new User that signs up for Trade The Pool program (including Mini BP) will be eligible for a FREE Tradersync / Stock Traders Daily / Tradervue user for 30 days.

Please be aware, once a User gets funded, he or she will pay for their subscription to one of the platforms (if he/she would like to use them).

TERMS OF THE PROGRAM

By joining the Program after passing the Evaluation stage, the User is receiving a Level 1 Funded account, in which the User is expected to demonstrate a profitable trading performance.

Funded User

In order to become a funded User, the User must:

  1. Reach the program profit target
  2. Do at least 20 positions (following your trading strategy)
  3. Once you are funded, every time you reach your 10% target we will increase your Buying Power and Daily Pause.
  4. Show a consistent track record of attempting to follow all consistency and other rules (see also the volume and other rules later in this document).

Volatility Rules

  • During a halt, Trading is not allowed in any kind.
  • Trading is not allowed on a symbol that has made an 8% move within 4 trading minutes. (An automatic halt will take place after the asset moved 10% within 5 minutes)
  • If a halt has occurred, once trading is resumed, a trader must wait 1 minute before opening a new trade/position

Consistency Rules

  • The User’s best position cannot be responsible for more than 30% of the total profit target.
  • In order for any profit from the entire lifetime of any position (i.e., from the opening trade until completely “flat” again) to be counted, the following distance and duration requirements must be met:
    • Each position must yield at least 10 price ticks of profit (that is, 10.0 cents difference between average entry and average exit price).
      Example: Buy at $50.10, sell at $50.20 (at least).
    • There must be at least a 60.0-second range between each opening/adding execution and the next subsequent closing/reducing execution over the lifetime of that position.

 

Ideal Risk Management Discipline

Trade The Pool encourages its Users to perform their trading with a suggested risk management discipline.

Risk management is mandatory. Deciding to self-enforce the Program’s suggested risk management will benefit the User with better funding conditions on future stages of the Program, as described in this document, in chapter IDEAL RISK MANAGEMENT REQUIREMENTS.

Trading conditions for a Funded account may be different from an evaluation account due our trading partner’s requirements LPs (such as Interactive Brokers, Saxo Bank and more) terms.

Some assets that will be available for short trading during the evaluation account, might not be available on the Funded account.

Your Funded account, similar to your evaluation account, will start with a $0 balance and the amount of buying power (depending on the program you chose initially).

Payouts

The Fund pays its trader an agreed portion of the net profits on request, a minimum of 14 days since the last payout (or, for the first payout on a given account, since beginning funded trading or the creation of a newly scaled account). Payouts will be paid only to a funded User who has reached a profit equal to at least $300 in the current payment cycle, and the payout will be calculated only according to the profitable performance of the Users according to the Trading Rules.

Any transaction or withdrawal of profits may be subject to a processing fee.

In order to ensure you build up an adequate buffer and stay trading for a longer period, once you have reached 3 x DLs in profit the max drawdown for the account will move to the initial balance of $0, going below which will result in the account being terminated.
For example (for reference only; the specific terms above control):

  1. Assume for this example an account with $700 DL and $2100 max DD.
  2. When this trader reaches $2100 in profit the max DD will now move to $0 without a buffer.
  3. If after this point the trader decides to withdraw the full $2100, or the projected balance on the account moves below $0, the account will be terminated.
  4. To continue to trade the trader needs to ensure that after any withdrawal there is an amount greater than $0 remaining, which will provide the sole drawdown buffer.

Variations and Special Programs

Limited Edition Program

In the Limited Edition program at TradeThePool, to advance a Funded User to the next level, a Funded User needs to achieve a 10% profit target and record at least 3 profitable days, each with a gain of 0.5%. This scaling criterion helps ensure that Users not only reach a strong profit milestone but also demonstrate consistent profitability before moving to a higher funding level.

This is a unique feature of the Limited Edition Program and does not apply to other Programs offered.

TRADING INSTRUMENTS

Trading activity is limited to stocks and ETFs that are available on the trading platform.

IDEAL RISK MANAGEMENT REQUIREMENTS

Ideal Risk Management Requirements apply to all Users in the programs, and they are committed to limiting their risk and exposure –

The Program suggests a risk management discipline, which Users can choose whether to embrace or not.

Upon meeting profit targets, the Program promises to accommodate a guaranteed account growth for all Users demonstrating either risk management approaches.

Ideal Risk Management Discipline

The following are the characteristics of the Risk Management required and its definitions, which the User should fully comprehend and self-enforce for optimizing a growth milestone target.

Stop Loss and Quantity

Stop and Quantity:

Daily loss X 30% = the maximum $ risk you can take on each trade (each execution)

Entry Price – Stop Loss Price = Stop size

Max $ Risk / Stop size = Number of shares to buy/sell

Example: Stock price is $100, Entry price $101, Stop loss at $99.

Stop size = $2

Daily loss = $700 (Super BP)

Max money risk 30% of Daily Loss = $210

Quantity = $210 / $2 = 105 shares to buy/sell

Multiple positions of the same asset, are considered the same trade and will be added together (netting account). The summaries of all open positions on the same symbol cannot exceed 100% Daily loss and not more than 20k market exposure intraday or $2k overnight for Mini BP, 80k intraday or $8k overnight market exposure for Super BP , 160k intraday or $16k overnight for Extra BP and 260k intraday or $26k overnight for Ultimate BP

Leverage / Buying Power / Max Exposure

The Company applies different leverage settings to the User’s accounts, upon the Program selected on signup. The User is allowed to use the full margin available by the Program’s leverage.

PROGRAM AND TARGETS

The following are the definitions of the Program end targets:

Profit Target

Each step in the Program has a specified target milestone in terms of USD net profit. The amount specified is net profit after deduction of all trading costs, spread and commission.

Account Stop out Value

Is the account value by equity, which determines the maximum loss allowed in the account.

Once the Account Stop out value is breached below, termination for the account will be announced, all unrealized positions, and orders will be closed by the authorized personnel.

Over the weekend purchased:

If a User joins TTP on Friday, we will add an extra 3 days to the 45 calendar days.

If a User joins TTP on Saturday, we will add an extra 2 days to the 45 calendar days.

If a User joins TTP on Sunday, we will add an extra 1 day to the 45 calendar days.

Minimum Trades, Maximum Time

The minimum number of trades to pass the evaluation phase is 20.

Flat Portfolio on Targets

A User must close all trades and pending orders once reaching the milestone target or the drawdown.

Copy Trading

Copy trading is allowed only between 2 accounts (not more) that are either Mini BP or Super BP. This means 2 Mini BP or 2 Super BP or 1 Mini and 1 Super.

Minimum Volume Per Asset

Minimum volume

During pre/after market hours, a User will be able to open a new position / add to an

existence position only if the number of shares that have been traded on that day is more

than 20,000 shares.

 

Example:

ABC ticker has a volume of 15,000 at 8:50 ET – can not open a new position / add to an existence

ABC ticker has reached the 20,000 volume mark – can open a new position / add to an existence

 

During regular trading hours –a User will be able to open a new position / add to an

existence position only if the number of shares that have been traded on that day is more

than 200,000 shares.

 

Example:

ABC ticker has a volume of 150,000 at 9:50 ET – can not open a new position / add to an existence

ABC ticker has reached the 200,000 volume mark – can open a new position / add to an existence

 

Accumulated Buying Power

Purchasing multiple evaluation accounts is permitted. However, the total buying power of all accounts should not exceed $450K of Buying Power

Stocks Split

All positions must be closed before splits (if it was announced at least the day before).

Trading performance may also be affected by various conditions, as such:

Variable Spread

Spreads vary according to the market liquidity, at rigid times such as during high-impact economic events, the spread difference of ask and bid prices can expand multiple times.

Stop / Limit Pending Orders

Ordering at a specifically requested price is not guaranteed to limit or stop orders during abnormal and volatile periods – the price will be filled at the next best price according to the exchange order book.

Trading Gaps

At times of extreme liquidity in the market, the differences from one tick quote for the next may significantly increase. This is also known as ‘A Gap’. Any orders that are placed at prices with no tick quote will be filled at the next available quote. This may result in execution at a less preferred price.

Trading Commission

The commission is a trading cost applied by the liquidity provider. This is the industry’s standard method for Brokers and Liquidity Providers to charge for the service of executing orders.

The cost of commission is $0.75 minimum or 1/2 cent per execution, for example:

When buying 50 shares of AAPL you will pay $0.75 (the minimum)

When buying 200 shares of AAPL you will pay $1 (per execution)

Trading Exposure – Floating

Stock price X number of shares

Day trading program:

Beginning 10 minutes before the end of each day (regular trading hours), all open orders and positions will be automatically fully liquidated. Once the after-market session begins, Users may initiate a new position with the “overnight exposure” (see below).

On the Mini BP each trade cannot exceed $20,000 worth (intraday) or $3k (overnight)

On the Super BP each trade cannot exceed $80,000 worth (intraday) or $12k (overnight)

On the Extra BP each trade cannot exceed $160,000 worth (intraday) or $24k (overnight)

On the Ultimate BP each trade cannot exceed $260,000 worth (intraday) or $39k (overnight)

Swing trading program:

Exposure will be the same for the entire day (out and inside regular trading hours)

On the Mini BP each trade cannot exceed $3k

On the Super BP each trade cannot exceed $12k

On the Extra BP each trade cannot exceed $24k

On the Ultimate BP each trade cannot exceed $39k

Restrictions for overnight positions:

During the earning season the User will not be allowed to hold an overnight position on a reporting company.

Example:

AAPL reporting on July 20th, after market close.

A User will be able to trade it on the 20th intraday, but won’t be able to hold it overnight.

On the 21st, once the market opens at 9:30 ET, the User will be able to trade it as normal.

Economic Event Releases

At times of releasing any Economic Data, the price tends to form gaps, and spreads may increase in multiples, and execution is not guaranteed by price. It is advised to pay attention to the event release schedule, to reduce position exposure and shift further limit and stop orders.

Stocks Market Trading Hours

Market hours are based on the ET time zone. During normal days the stock market open hours are from 09:30 to 16:00, Monday to Friday.

However, on US holidays the market will close early or won’t be active at all.

It’s the User’s responsibility to check and be aware of holidays, days and hours of activity.

COMPLAINT AND DISPUTES

In the unlikely event that you are dissatisfied with the service provided by Trade The Pool, please contact our helpdesk as soon as possible at +1 (331) 444 0024 or via email at help@TradeThePool.com, or by submitting a contact form under the contact us page: https://TradeThePool.com/about/#contactus, or by contacting our live support chat when available.

In case of filing a complaint, please include as much detailed information to describe your case. To allow us to easily investigate your complaint, associate your full name, email, account id, time of the event, and further detailed information related, You may also provide screenshots images of software, log files, and any other evidence that can be helpful for the claim.

If a 3rd party service is involved, before you take formal steps, first to contact us by email. telephone or chat, when available. Often it is possible to find a solution without instigating formal procedures.

The above is provide in addition and subject to the Terms of Use

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