The Virtual TradingAssessment.
How It Works
The Assessment
The Incubator
The Hedge Fund
The Virtual Trading Assessment.
When you trade one of our virtual trading accounts in the Incubator we are taking all the risk, so we need to access your trading ability. Whilst the assessment is not difficult if you know how to trade, it does however require you to stick to some basic rules to comply with our industry standard risk protocols and avoid any prohibited practices .
Stick to these risk protocols, avoid the prohibited practices and achieve a profit target of 8% and you are funded.
SELECT AN ASSESSMENT OPTION
One Step Beginner Assessment
This is for those traders that are new to Risk Management, the account has larger limits to allow you a better chance of success.
Profit Target.
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Assessment Profit Target: 8%
Profit Share.
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Virtual Profit Target: 8%
Features.
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Equity Options on completion
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Weekend Holding
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No Time Limit
Soft Breaches.
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No Stop Loss
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Exceeding Max Position Size
Hard Breaches.
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Daily Loss Limit: 5%
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Max Trailing Drawdown: 8%
Prohibited Practices.
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Learn More
$59.00
Add to cart
$249.00
Add to cart
$119.00
Add to cart
$399.00
Add to cart
$699.00
Add to cart
$1,799.00
Add to cart
2 Step Beginner Assessment
This is for those traders that have established Risk Managment skills, the account has tighter limits but is cheaper.
Profit Target.
-
Assessment Profit Target: 8%
Profit Share.
-
Virtual Profit Target: 8%
Features.
-
Equity Options on completion
-
Weekend Holding
-
No Time Limit
Soft Breaches.
-
No Stop Loss
-
Exceeding Max Position Size
Hard Breaches.
-
Daily Loss Limit: 5%
Prohibited Practices.
-
Learn More
$47.00
Add to cart
$95.00
Add to cart
$199.00
Add to cart
$319.00
Add to cart
$559.00
Add to cart
$1,439.00
Add to cart
1 Step Pro Assessment
This is for those traders that have established Risk Management skills, the account has tighter limits but is cheaper.
Profit Target.
-
Assessment Profit Target: 8%
Profit Share.
-
Virtual Profit Target: 8%
Features.
-
Equity Options on completion
-
Weekend Holding
-
No Time Limit
Soft Breaches.
-
No Stop Loss
-
Exceeding Max Position Size
Hard Breaches.
-
Daily Loss Limit: 5%
-
Max Trailing Drawdown: 8%
Prohibited Practices.
-
Learn More
$53.00
Add to cart
$107.00
Add to cart
$224.00
Add to cart
$359.00
Add to cart
$629.00
Add to cart
$1,439.00
Add to cart
2 Step Pro Assessment
This is for those traders that have established Risk Management skills, the account has tighter limits but is cheaper.
Profit Target.
-
Assessment Profit Target: 8%
Profit Share.
-
Virtual Profit Target: 8%
Features.
-
Equity Options on completion
-
Weekend Holding
-
No Time Limit
Soft Breaches.
-
No Stop Loss
-
Exceeding Max Position Size
Hard Breaches.
-
Daily Loss Limit: 5%
-
Max Trailing Drawdown: 8%
Prohibited Practices.
-
Learn More
$42.00
Add to cart
$96.00
Add to cart
$202.00
Add to cart
$287.00
Add to cart
$559.00
Add to cart
$566.00
Add to cart
ASSESSMENT COMPARISON TABLE
When youtrade for a Prop Trading Firm, you are trading an allocated trading account commensurate with the account size you took the assessment, using the company’s capital using one of their trading accounts, liquidity provider and their Risk Management System. This enables you to trade much larger account sizes than you would if using your own capital, whilst the company covers all losses and you make the profits assigned to your assessment option.
Why take The Virtual Trading Assessment.
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8% Profit Target.
Simply achieve the 8 % profit target and you will be provided with a funded account.
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Unlimited Time To Pass.
Unlike many other prop firms we don't want to pressurize you. You can take as long as you like to pass the assessment.
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Simple Risk Rules.
We keep it simple, 2 Hard Breaches,2 Soft Breaches. Be sure to see our prohibited trading practics before starting.
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Any Strategy.
Use any trading strategy, from hedging, scalping, to Risk On Risk Off. This benefits diversity in our fund. Avoid any prohibited practices.
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Weekend Holding.
We are one of the few Prop Firms that allows trades to be open over the weekend. This helps swing traders get into the prop trading world.
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No Monthly Subscription.
One fee, with no monthly subscription and a 20% discount should you wish to reset your account.
On completion of the The Funded Trader Assessment
you have two Scaling Up options.
OPTION 1
Get Started trading the Incubator Fund.
Congratulations you are now an Alpha Trader.
Start earning 80% of your profits straightaway.
LEARN MORE.
Congratulations
Once you have achieved the profit target of 8%, let us know that you would like to start trading the real capital in the Incubator fund. You will be given a funded account and you can start earning 80% of your profits straightaway.
OPTION 2
Scale Up Your Assessment Account Size.
If you want to keep scaling up to the next level for no additional cost let us know.
LEARN MORE.
Scaling Up
Inform us of your decision to scale up and continue the assessment. You will be given an account with the next account size. This is a great opportunity to scale all the way up to the $1,000,000 account size.
TheRisk Management Rules and Limits.
for The Virtual Trading Assessment.
The rules help both the trader manage their risk and ready the trader for live trading in the Incubator Fund. The Maximum Trailing Drawdown is bigger than the Live Incubator Fund (10% in the assessment and 5% in the live Incubator) to give the trader a better opportunity to pass the assessment.
You will be provided with a trader dashboard to manage these rules as you trade.
0%
PROFIT TARGET
0%
DAILY LOSS LIMIT
0%
MAXIMUM DRAWDOWN
Soft Breach Rules.
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Stop Loss.
Each trade must have a Stop Loss attached, this includes trades at market and pending orders.
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Maximum Position Size.
The total number of Lots open in your account at any one time must not exceed 1/10000 of your trading Account Size. For example in a $100K account you cannot exceed 10 Lots, when using 1.10 leverage.
Hard Breach Rules.
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Maximum Trailing Drawdown.
10% - Do not exceed this figure or your assessment will be over. Please ensure you understand this.
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Daily Loss Limit.
5% - To help you stop losing your head and chasing losses, we have a Daily Loss Limit. If you start approaching this level it is probably time to stop trading for the day.
Prohibited Trading Practices.
Unlike many of the Prop Trading Firms that hide these prohibited practices in the terms and conditions, we want to make it clear before you start, that if you use any of these prohibited practices and they are discovered during the review of your account, you will not pass the assessment.
Copy Trading
Engaging in simulated trades that mimic another trader or group of traders across multiple accounts. Using market-purchased Expert Advisors (EAs) that facilitate copy trading. To mitigate possibly violating this rule, we recommend using different set files or adjusting settings.
Simulated Reverse Trading/Group Simulated Hedging
Simulated Hedging or executing simulated reverse trades within a single demo account is permissible.
– However, executing a simulated buy trade on one demo account and a simulated sell trade on another demo account is prohibited. This violates the rule against simulated reverse trading or simulated hedging across multiple demo accounts.
– Simulated Group hedging involves individuals coordinating opposing positions across one or multiple prop firms or simulated prop firms to reduce/eliminate risk and exploit prop firm or simulated prop firm rules. This practice is also prohibited.
Demo Account Management Services
Purchasing or providing live account or demo account management services or engaging in prop firm or simulated prop firm passing services is strictly forbidden.
Sharing your demo account information or allowing someone else to pass a challenge on your behalf is prohibited. Violation of this rule will result in the loss of all involved demo accounts.
Simulated HFT (High-Frequency Trading)
Simulated High-frequency trading (HFT) is strictly prohibited at our firm.
Engaging in simulated HFT methods will be considered a violation, and demo accounts associated with such practices will be terminated.
Martingale Strategy
Whilst we love different strategies, thats what provides diversified risk in aour accounts, the Martingale strategy goes completely against any risk good risk management protocols. We do not allow this strategy in the Incubator (Live Accounts) so we do not allow it in the assessemnt.
Insider Information
You cannot utilize non-public and/or insider information.
Single Share Equity CFD Positions
Holding a Single Share Equity CFD position into an earnings release pertaining to that underlying equity. To avoid being in breach of this rule, you must close all such Single Share Equity CFD positions by 3:50 pm Eastern Time on the day of the release, if an aftermarket release, or on the preceding day, if a before market open release. Violation of this rule will constitute an immediate, hard breach of your account and any gain or loss on said position will be removed from any profit calculations.
Arbitrage
Attempting to arbitrage an Audition account with another account with the Company or any third-party company, as determined by the Company in its sole and absolute discretion.
Third Party Trading
You may not use any third-party strategy, off-the-shelf strategy or one marketed to pass Assessment accounts. We are looking for skilled traders in their own right.
Broker Regulatory Issues
Trading in any way that jeopardizes the relationship that Alpha Tradrz has with their broker or may result in the canceling of trades.
Trading in any way that creates regulatory issues for the Broker.
Transparency is one of our values.
The prohibited trading practices are found in all Prop Trading Firms, the difference between us and other prop firms is we make it clear before you start and don’t hide them in the terms and conditions. Most of these prohibited trading practices originate with the broker that Prop Firms use. Dont find out about these prohibited practices after you have hit your profit target and the account is under review.
Trader Dashboard.
A key element of trading is to manage your risk. Our Trader Dashboard provides you with everything you need to be successful.
Trading Instruments.
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377 Cryptocurrencies.
Trade 377 Cryptocurrency pairs
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53 Forex.
Trade all the majors and up to 46 other FX instruments
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646 Equities.
Trade up to 646 different Stock Market Equities.
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17 Stock Market Indices
Trade 17 of the most important Stock Market Indices
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2 Oil.
Trade the two most important oil instruments, Brent and WTI.
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3 Metals.
Trade Gold Silver and Platinum against the USD.
Free Funded Trading Account.
Every month one of our assessment traders will receive a free $100,000 Trader Assessment in addition to their existing assessment. The winner will be chosen at random from our trader list.
Frequently Asked Questions.
No, unlike other Prop Trading Firms, we do not want to add pressure, we want you to take your time and be a smart trader.
No, take your time. Trading is about picking the Next Best Trade according to your trading strategy. We don’t want you over trading and taking too much risk because you dont want to pay the next month subscription.
Absolutely, whilst we are assessing your ability it would be irresponsible to risk real capital.
No, it is a demo account. That comes when you pass the assessment and trade in the Incubator fund.
Definitely yes, everyone will have their own strategies which makes our trading fund so diverse. The more diverse the trading strategies the better. Whilst we may have our trading strategies, it doesn’t mean you don’t have a better one.
Yes you can.
However here is the kicker, you alone are responsible for ensuring your bot complies with the risk protocols and trading rules.
Yes, thats it.When you do you should inform us and you will be given a live trading account in the Incubator Fund.
It is 1:10.This controls the maximum exposure. We do not have sales gimmicks of increasing leverage.
If you breach one of the soft rules shown above, your account will not be closed. However if you breach a hard rule your account will closed and your assessment will be over.You will be given the opportunity to reset and start again at a 25% discount, but you should recheck your trading strategy before doing so.
It happens to us all, you may reset your account if it has been closed, you may also reset your account whenever you want to. Your existing account will be closed and you will be issued with a new trading account.To reset you account you find the page from the drop down menu at the top under trading assessment., or you may use this link.
Reset Trading Assessment
No, we are a Prop Trading Firm and we use our own broker for our funds and accounts.
No, we have wide selection of assessment accounts there is no reason to have multiple accounts.
