Account Size
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PHASE ONE | VORBEX+ TRADER |
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All prices shown exclude VAT.
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*Fees exclude your personal bank fee and any transfer fees associated with currency conversions.
Phase 1 – Assessment
- 10% Simulated Profit Target
- 6% Maximum Simulated Loss
- 4% Daily Simulated Loss
- No Stop Loss Required
- Hold Overnight & Weekend
Phase 2 – VORBEX+ Trader
Completing the Assessment phase 1 will gain you a simulated Funded Trading Account for you to place trades.
Profit Share & Withdrawals
We operate a 80/20 simulated profit split, Once users have achieved 20% simulated profit on their VORBEX+ Trader account, all simulated profits over this amount can be changed to a 90/10 upon reaching 20% simulated profit. Once you reach 30% simulated profit, traders can request the simulated profit split to be changed to 100/0.
You can withdraw any simulated profit you make on your VORBEX+ Trader account over $50 once per week.
Hard & Soft Rules
Hard Rules - These will result in a failure
- Do not breach our daily simulated loss limit of 4%
- Do not breach our total maximum simulated loss limit of 6%
Simulated Loss
Daily Simulated Loss
Daily Simulated Loss will start at 4% of the original account size. Then, with each new trading day, it will become 4% of the prior day’s balance. This update happens when the server’s clock hits 23:59 and prevents you from losing too much in a single day. The best way to explain the daily simulated loss limit is by example:
The trader has a $100,000 simulated account. Daily simulated loss is 4% of the balance of the previous day.
Example 1
Previous Day Starting Simulated Balance at 23:59 = $100,000
Daily Simulated Loss Limit = $4000 (4%)
$100,000 – $4,000 = $96,000
Example 2
Previous Day Starting Simulated Balance at 23:59 = $105,000
Daily Simulated Loss Limit = $4200 (4%)
$105,000 – $4,200 = $100,800
Relative Trailing Maximum Simulated Loss
Our Maximum Simulated Loss works by trailing by 6% of the initial simulated balance from the high water mark. The high water mark is measured using the simulated account balance. Once the maximum simulated loss has reached the initial simulated balance, it no longer trails. The best way to explain the total trailing maximum simulated loss is by example:
Example 1
Starting Simulated Balance = $100,000
Total Maximum Simulated Loss Limit = $6000 (6% of initial starting balance of $100,000)
6% of $100,000 = $6000. $100,000 – $6000 = $94,000
Example 2
Total Maximum Simulated Loss Limit = $6000 (6% of initial starting balance of $100,000)
Day Starting Simulated Balance = $106,000
6% of $100,000 = $6000. $106,000 – $6000 = $100,000
FT+ Trader Account Drawdown
On a FT+ Trader account, once you have made a closed positive simulated trading balance of 6%, the maximum simulated loss no longer trails and the total simulated account size becomes your lowest point of loss. This means if you are on a simulated $100,000 account and you achieve $106,000 you would now have a total simulated maximum loss allowance of 6%. In this example, your account can not go below $100,000 once $106,000 is achieved. Please be aware that when you come to withdraw your simulated profits, you should leave a sensible amount in your account to cover any simulated loss you might expect. This is because your account cannot fall below the total allocated to you (in this example that would be $100,000)
Example 1
Simulated Balance in account = $110,000.
Total Maximumn Simulated Loss Limit = $10,000.
Trader withdraws $4000 simulated funds. Trader gets $3200 (80%).
Simulated Account size is now $106,000.
$106,000 – $100,000 = $6000.
Trader has a $6000 total maximum simulated loss allowance or 6%.
Example 2
Simulated Balance in account = $121,000.
Total Maximum Simulated Loss Limit = $21,000.
Trader withdraws $10,000 simulated funds. Trader gets $8000 (80%).
Simulated Account size is now $111,000
$111,000 – $100,000 = $11,000.
Trader has a $11,000 total maximum simulated loss allowance or 11%.
What’s Allowed
We pride ourselves on being simple, transparent and trustworthy. As such we like to give our traders as much flexibility as possible. This is why we allow:
- Trading holding overnight and over the weekend.
- Unlimited time to complete the assessment phase.
- Any strategies including Expert Advisors (Providing they do not utilise arbitraging methods).
Our Industry Leading Scaling Plan
We believe our scaling plan is now the best in the industry. With it, you can trade your way to trade up to a simulated $2,500,000 FT+ Trader account.
- No time restriction
- You can use your simulated profit to fund your next scale up
- You can chose to withdraw your simulated profit – subject to new static maximum simulated loss
- Static maximum loss is always locked at scaled account size
The idea of scaling is that it gives traders much greater buying power, not more simulated loss. This way, we can make scaling very simple without all the usual hurdles
We don’t
- Force traders to wait several months per each scale
- Force consistency rules over a period of time (make a simulated profit percentage each month for four months)
- Prevent traders from withdrawing any of their own simulated profit before or after they scale
- Have a minimum number of trades required for scaling
We do
- Allow traders to scale as often as once a day every day until $2,500,000
- Allow traders to scale without waiting months
- Allow traders to scale without consistency rules
- Allow traders to scale as soon as they have the scaling profit target in their balance on their account
Withdrawals
You can withdraw simulated profits before or after scaling, but withdrawals reduce your simulated account balance and do not count towards the simulated balance required for scaling.
How to Scale Up
Make the required simulated profit or greater on your FT+ Trader Account—10% on this program. Close your open trades and then open a ticket via LiveChat or our Contact Page and ask to scale up. Please allow up to 2 business days for this to be completed.
FT+ Trader Account Starting Size
Profit Required To Scale
Balance Required For Next Level
$12,500
10%
$13,750
$25,000
(plus the profit you made from the last level)
10%
$27,500
$50,000
(plus the profit you made from the last level)
10%
$55,000
$100,000
(plus the profit you made from the last level)
10%
$110,000
$200,000
(plus the profit you made from the last level)
10%
$220,000
$400,000
(plus the profit you made from the last level)
10%
$440,000
$800,000
(plus the profit you made from the last level)
10%
$880,000
$1,600,000
(plus the profit you made from the last level)
10%
$1,760,000
$2,500,000
(plus the profit you made from the last level)
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Does my Account expire?
Your account would only expire in the event that you do not place at least one simulated trade in a 30 day period.
Markets Replicated within our Simulated-Live Environment
To improve our programs, we are constantly updating the market instruments available to trade.