Terms & conditions
Trade The Pool - Genral Terms & Conditions
Trade The Pool (“Company”, “Owner”) operates an Online Funding and Growth Trading Program, operated by FIVE PERCENT ONLINE LTD, incorporated in the United Kingdom as a registered UK Company number 12553363, and owned by Five Percent Online LTD (Israel) Company Number 515864007 / LEI: 894500CK24MUEFQG0E92.
Five Percent Online Ltd is operated and governed by the laws of the United Kingdom. The official address is: Enstar House, 168, Praed Street, London, United Kingdom, W2 1RH.
Trade The Pool provides fully-funded stock trading accounts with monthly profit payout plans and lucrative growth scenarios for traders that qualify for the Program’s trading requirements.
Under a 3rd party contract, Trade The Pool recruits talented traders to provide professional services for the company, on the company’s platform and using the company’s assets and funds.
Trade The Pool is not a broker, not associated with any particular broker, and does not serve financial trading services of any type.
Trade The Pool does not invest clients’ capital in the financial markets. All funding of trading accounts is sourced by the Company’s own capital.
Trade The Pool is a brand name, operated by Five Percent Online LTD, and is a privately owned Legal Corporation, performing a Nostro-investment operation It does not operate as a Financial Institution of any type, nor a Broker Marketing platform, and does not accept Investor’s capital.
Trade The Pool is aware of ( and operates within) the regulatory requirements of the U.S. It operates under a restrictive legal advisory body to ensure we fully comply with the U.S. law and regulatory requirements. The full document will be provided to any official enforcement organization of the U.S. authorities by official and authorized requests to help@TradeThePool.com.
PARTICIPANTS IN THIS AGREEMENT
The Fund – is the alias name for Trade The Pool.
The Program – refers to the various program options, with their full requirements, goals, objectives, restrictions, and variables.
Trader – is to describe the Trader in the stage of evaluation, and at this time has not yet fulfilled all the requirements.
Funded Trader Level 2 – is used to describe a trader who has successfully completed the Level 1 targets under the trading requirements.
PROGRAM DESCRIPTION
Signing up for the Program begins with a limited capital trading account, fully funded and provided by the Fund. The Fund sets objectives, which the Trader agrees to trade by. It is under the Fund’s sole authority to enforce the trading objectives, and the Fund possesses all the rights over the trading accounts, the capital, and the trading guidelines.
Trading objectives – prior to providing access to its trading capital, the Fund, and the Trader agree on the full of the trading guidelines, objectives, terms, and rules. The Fund defines and enforces the objectives upon values agreed.
Sign up Fee – Participating in the Fund’s funding program has a fee cost involved. The fee amount is specified according to each program plan, which could be chosen by the Trader.
- The Sign up Fee is not a trading capital deposit.
- The Sign up Fee is not to cover trading losses.
- The Sign up Fee is non-refundable, in partial or in full, once the trading activity has commenced by the Trader.
Traders are allowed to perform using any trading strategy, as long as it complies with the Risk Management Guidelines required by the Fund.
Upgrading or downgrading a plan: once the Program has commenced, the Trader cannot upgrade or downgrade the current plan.
PROGRAM CONDITIONS AND REQUIREMENTS
Knowledge and Skill
The Trader must acknowledge having sufficient trading knowledge, experience, and skills to perform under the Program requirements. The Trader must fully understand the full scope of the Program, the implications of the Program requirements, restrictions, guidelines, and find the Program sufficient to his needs.
Stock
Trading in the Program is conducted on Trader Evolution. The Trader must fully understand the unique characteristics of the stock market. Specifically, with regards to trading, the Trader 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 Fund provides trading on the trading platform, with full authority to perform trading during market hours. At this time, the Fund provides for the use of Windows Operating system, Mac iOS by a non-official & non-supported technical workaround, mobile access for Android and iOS, and MQL scripting using Desktop Platform Version Only.
The Fund 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 trader 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 trader 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 trader 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 trader gets funded, he or she will pay for their subscription to one of the platforms (if he/she would like to use them).
Trading Capital
The Program, from the very beginning period and throughout the progression, is conducted with capital that is owned and supplied by the Fund.
The evaluation account will be conducted on a simulator account (paper money), but will reflect real market conditions with real-time data feed.
The Funded account will be conducted on a live and or simulator account, depending on the fund risk management decisions.
Protecting Trading Capital
No matter at which level the Trader is in the Program, it is required for him/her to act responsibly and use all methods to protect the Fund’s capital from severe losses. This also includes operating responsibly under risk management measures, protecting and securing the trading access credentials for trading accounts, not providing access to any 3rd party or person for the accounts, immediately reporting to the Fund’s Support Team about loss or theft of trading access, respond to email communications from the Fund, and take the required measures if asked by the Fund.
Activity Restrictions
The Program is designed to cater to all speculative trading strategies. Any trading style which is not speculation-trading behavior is prohibited.
It is prohibited to perform under the Fund’s platform any trading method that uses exploitation of price discrepancies within different markets of similar or identical assets, also known as Arbitrage Trading.
It is prohibited to perform High-frequency trading strategies in which the majority of the trades’ duration span is measured by a few seconds or less.
It is prohibited to involve any other technology which interferes with the platform’s networking.
Halt:
– 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
HFT:
– A trade with less than 10 cents of profit (net) would not be considered a legal trade and would not be calculated within the target in the evaluation phase, or a funded account.
– A profitable trade must have at least a 60-second range between entry to close
TERMS OF THE PROGRAM
By joining the Program, the Trader is receiving a Level 1 funded account, in which the Trader is expected to demonstrate a profitable trading performance.
Funded Trader
In order to become a funded trader, the trader 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.
Consistency Rules:
1. The trader’s best position can not be responsible for more than 30% of the total profit target.
2. All profitable trades must be at least 10 cents per share in profit. Example: Buy at $50.10, sell at $50.20 (at least)
A trade that will be closed with a total profit of less than 10 cents won’t be counted as a profitable trade.
3. A profitable trade must have at least a 60-second range between entry to close.
Once the objectives are met, the trader will set up an interview with Michael Katz the CEO or senior trader from TTP’s team.
A Funded Trader is certified to trade on behalf of and with the trading capital of Trade The Pool Fund under a non-employee 3rd party contractor relationship.
Ideal Risk Management Discipline
Trade The Pool encourages its traders 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 Trader 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 to the live market conditions and our 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 live 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
Payouts will be paid only to a funded trader who has reached a profit equal to at least $300, and the payout will be calculated only according to the profitable performance of the traders.
Program Termination
This is the end of the participation of a trader in the Program.
NECESSARY PREREQUISITES
The Program is available to individuals only. They must be the age of 18 years and older, and of all nationalities not on the OFAC Treasury list.
Individually Private Only
The Program is designed for individual traders only. An individual trader who signs up is the only person who is allowed to trade on behalf of the Fund, in both the Evaluation Program and as a Funded Trader in the official trading program.
Proof of Authenticity
Government approved ID identity must be provided. The Program only accepts traders who present proof of authentic identity.
Restricting Organizations
The Program is not available to any entity, firm, corporation, organization, or group of individuals of any type.
TRADING INSTRUMENTS
Trading activity is limited to stocks and ETFs that are available on the trading platform. A trader must avoid trading any other securities unless permitted by the Fund’s Official Representative. Trading securities that are not permitted may result in the termination of the Program.
IDEAL RISK MANAGEMENT REQUIREMENTS
Ideal Risk Management Requirements apply to all traders in the program, and they are committed to limiting their risk and exposure – either according to this section of the terms and conditions or according to a stricter risk management plan.
The Program suggests a risk management discipline, which traders can choose whether to embrace or not.
Upon meeting profit targets, the Program promises to accommodate a guaranteed account growth for all traders demonstrating either risk management approaches.
Ideal Risk Management Discipline
The following are the characteristics of the Risk Management required and its definitions, which the Trader 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 at $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 as 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 fund applies different leverage settings to the Trader’s accounts, upon the Program selected on signup. The Trader 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
Definition: 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.
*Feel free to sign up for Trade The Pool hub to get a 14-day free-of-charge trial.
Over the weekend purchased:
If a trader joins TTP on Friday, we will add an extra 3 days to the 45 calendar days.
If a trader joins TTP on Saturday, we will add an extra 2 days to the 45 calendar days.
If a trader joins TTP on Sunday, we will add an extra 1 day to the 45 calendar days.
Minimum Activity
To remain active, the trader Partner must show to have been active with at least 4 trades in one entire month. Failing to meet this criterion, the account will be paused or terminated.
Giving notice for inactivity – By giving notice for inactivity, the Trader may freeze the account for up to 2 months but no more than twice in an annual year. The notice should be given in a formal notice and should be approved by an authorized official from the Fund.
Minimum Trades, Maximum Time
The minimum number of trades to pass the evaluation phase is 30.
Level 1 is immediately completed when reaching the profit target, with a minimum of 30 trades.
Flat Portfolio on Targets
A trader must close all trades and pending orders once reaching the milestone target or the drawdown.
Program Restrictions
As the Program scope is directed to skilled traders, the Program strongly forbids participation for any reason other than for applying to be the Fund’s Contractor Trader. Therefore, the Program forbids the following and will consider this as misuse and violation of the Program, which will result in the immediate termination of the Program.
Forbidding of trading coordination with other accounts or other traders active in the Fund. It is strictly forbidden to coordinate any type of trading behavior among two or more accounts in the name of another trader – This includes the prohibition of copying trades and orders; duplicating trading activity and orders; and hedging among accounts. Any evident coordination of the above is considered a major violation of this program and will result in immediate termination by the violation of this contract.
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 trader 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 trader 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).
Violation of Risk Requirements and Restrictions:
Traders on the risk-manager program are expected to trade with our excess risk management requirements. If by any circumstances a violation of the risk guidelines is registered in the trading account, and once the Trader completes the Program objectives, the next funding level will be conducted on the aggressive program.
Profits made with positions involved in risk management violations, will not be paid as profits, as will not be accounted for the milestone fulfillment.
Start trading nowTRADING CONDITIONS ACKNOWLEDGMENT
By signing up for the Program of Trade The Pool, I hereby confirm and fully understand that my 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 share, 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 share)
Trading Exposure – Floating
Stock price X number of shares
On the Mini BP each trade cannot exceed $20,000 worth (intraday) or $2k (overnight)
On the Super BP each trade cannot exceed $80,000 worth (intraday) or $8k (overnight)
On the Extra BP each trade cannot exceed $160,000 worth (intraday) or $16k (overnight)
On the Ultimate BP each trade cannot exceed $260,000 worth (intraday) or $26k (overnight)
Swing trading – overnight holding
Swing trading is allowed on all TTP programs. A trader can hold an overnight position during the week and the weekend.
At 15:55 ET the max exposure on all accounts will be reduced automatically to fit the overnight exposure:
On the Mini BP $20,000 to $2k
On the Super BP $80,000 to $8k
On the Extra BP $160,000 to $16k
On the Ultimate BP $260,000 to $26k
Once the exposure drops from intraday to overnight exposure, TTP will automatically close the remaining shares/positions that exceeded the overnight exposure.
For example:
During the trading session (before 15:55 ET) – Open positions:
AAPL – 100 shares
TSLA – 50 shares
AXP – 8 shares
At 15:55 ET, the max exposure will drop by /10 which will close some or all of the shares/positions:
AAPL – 10 shares
TSLA – 5 shares
AXP – closed the position (can not hold a fraction of a share).
Restrictions for overnight positions:
During earning season the trader will not be allowed to hold an overnight position on a reporting company.
Example:
AAPL reporting on July 20th, after market close.
A trader 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 trader 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 Trader’s responsibility to check and be aware of holidays, days and hours of activity.
COMMUNICATION
Email communication serves as the main and official communication with the Trader and Trade The Pool. The Fund will use this modality regularly and in real-time, as a means to send all communication, guidance, and feedback to its team of traders.
It is mandatory for the Trader to provide a valid and working email address, in which the Trader checks regularly. While the Trader obtains live running trades, it is required to check emails at least once in 60 minutes, to allow for real-time communications and feedback from the Fund.
Failing to respond to the Fund’s email communications, may lead to a freezing of the account or program termination.
The Fund provides other means of communication that can serve as backup communication, such as Zoom, on-site live chat, on-site contact forms, and international telephone calls.
It is expected for the Traders to notify Trade The Pool of any changes in email or communication details and anything else that may affect their trading performance.
PROFIT PAYOUT
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, since beginning funded trading).
The trader can withdraw his profits only after reaching at least $300 in profit in the current payment cycle.
*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:
Super buying power level ($700 DL, $2100 max DD)
A trader reaches $2100 in profit the max DD will now move to $0 without a buffer, if the trader decides to withdraw the full $2100, this will result in the account being terminated, however, if the trader would like to continue to trade they need to ensure that after the withdrawal there is an amount greater $0
Calculating & Recording of Profits for a PM Partner.
The payout procedure is managed by the following timeline schedule:
At the end of every payout cycle, the Fund will withdraw any excessive profits from the account. This procedure is scheduled to take place in the first 24 hours after the end of the last trading day.
The profit amount is derived from the minimum value of the realized or unrealized of the account.
Payout Schedule
Once a profit is determined, and withdrawn from the account, the Fund will credit in the payout amount due to the Trader.
The payout amount is calculated by the split percentage agreed by the Trader and the Fund prior to signing up.
The trader is required to fill in the contract and KYC papers, and to provide invoices for the exact amount specified by the credit-in transaction on every payout request. Upon receiving an accurate invoice, the Fund will issue a payout. Processing time depends on the payment method chosen (usually up to 3 business days).
If the Fund waives or adjusts any portion of these requirements for any given contract or payment, it does not give up the right to require them for additional contracts or payments. At any time up to and including payment processing, the Fund may require that all required items be regularized.
Available payment methods may include bank transfers and cryptocurrency, using Wise and Confirmo.
Available payment methods may change. Switching payment providers may require setting up an additional account with an external provider, including the potential of repeating some steps.
The Fund will make a good-faith effort to avoid changes to eligibility or the contract. However, operational requirements including regulatory changes may necessitate revisiting some or all of these steps. The Fund shall not be responsible for intervening changes to regulations or legal guidance blocking future payments to any Trader.
Please note that we cannot process payments to Traders from the following countries: Afghanistan, Burundi, Central African Republic, Congo Republic, Cuba, Crimea, Democratic Republic of Congo, Eritrea, Guinea, Guinea-Bissau, Iran, Iraq, Laos, Liberia, Libya, Myanmar, North Korea, Papua New Guinea, Somalia, South Sudan, Sudan, Syria, Vanuatu, Venezuela, Yemen, Zimbabwe.
Payout Terms Definition:
EOD – 23:59:59 is Trade The Pool platform server time.
High Watermark profit is the last value of the account by which the Fund had paid for the Trader.
TERMINATION OF THE PROGRAM
Program Termination may take effect at any stage in the Program, from the evaluation period to any stage. Terminating the Program may occur for all of the below reasons:
- When reaching or passing off the maximum drawdown allowance.
- The violation of the Risk Management Guidelines.
- The misuse or abuse of the Program – not for the sake of individual authentic trading.
Returning After a Termination
Traders are allowed to sign up for another plan regardless of past terminations. Nevertheless, the Fund is allowed to refuse to re-sign up at its own discretion.
Termination Clearance
At the occurrence of a termination, the following measures will take effect:
- A notice of termination will be sent by an official email to the Trader.
- Disabling trading permission in trading accounts.
- Denying access to the trading account and platforms provided by the Fund.
- A full detailed trading report will be sent to the Trader by email.
- Valid total net profits made in the account will be calculated and paid in the specified portion at the following payout cycle schedule and regulation.
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.
ERRORS AND OMISSIONS
Subject to the terms of this agreement, neither party hereto, shall be prejudiced in any way by inadvertent errors or omissions made by such party, providing such errors and omissions are corrected promptly following discovery thereof. Upon the discovery of an inadvertent error or omission by either party hereto, appropriate adjustments shall be made as soon as practicable to restore both parties to the fullest extent possible and to the position they would have been in, had no such inadvertent error or omission occurred.
Trade The Pool reserves the rights for future changes of these Terms and Conditions, upon notifications via an official email address given from the Trader.
The Trader will be committed to the changes, or will officially be asked to resign from the Program.
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