Terms & Conditions (50% Payout + Video Requirement)
- General
- The Giveaway runs for 10 consecutive weeks, with 100 winners selected each week.
- Participation in the Giveaway constitutes full acceptance of these Terms & Conditions.
- TradingCult reserves the right to amend, suspend, or cancel the Giveaway at any time.
- Giveaway Structure
- The Giveaway runs for 10 consecutive weeks, with 100 winners selected each week.
- Each winner receives a $1,000 Instant Funded Trading Account on MetaTrader 5 (MT5).
- Giveaway accounts are promotional accounts and are subject to specific conditions outlined below in section 11 What is the Instant Funding Giveaway?
- Winners must register and create a verified client profile on the TradingCult website in order to receive the Instant Funding account. The Instant Funding account will be issued only after successful completion of the required registration and any applicable verification procedures. Failure to complete registration or provide accurate and complete information may result in delay, forfeiture of the Instant Funding account, or disqualification from the Giveaway at the Company’s sole discretion.
- Trading Conditions
- Trading is conducted under real market conditions on MT5.
- Standard TradingCult trading rules and risk management policies apply unless otherwise stated.
- All trading activity is monitored to ensure fair and compliant use of the Giveaway accounts.
- Profit Split & Payout Conditions (Important)
- Profits generated on Giveaway accounts are subject to a 50% profit split between the Company and the trader.
- Only realized profits are eligible for payout, provided that the account has reached the mandatory profit target of 10% calculated from the Starting Balance.
- Payouts are processed only after the 10% profit target has been achieved and once all eligibility and verification requirements have been fully satisfied, including proof of address, proof of identification, and full compliance with all applicable Trading Rules, Prohibited Trading Strategies, and Restrictions.
- Video Verification Requirement
- As part of the payout process, traders must submit a short verification video.
- The video must:
- clearly show the trader.
- include the trader’s TradingCult account details.
- confirm that the account was traded personally and in compliance with the rules.
- The purpose of the video requirement is:
- identity verification.
- fraud prevention.
- and community transparency.
- By submitting the video, the trader grants TradingCult the right to:
- review the content for verification purposes.
- and, with consent, use excerpts for marketing or community promotion.
- Failure to submit the requested video may result in delay or denial of payout.
- Payouts
- All payouts are subject to standard compliance and verification procedures.
- TradingCult reserves the right to request additional verification if deemed necessary.
- Any profits generated in violation of TradingCult rules may be forfeited and deemed ineligible for payout.
- Disqualification
- TradingCult may disqualify participants for:
- rule violations.
- abusive or manipulative trading behaviour.
- use of prohibited strategies.
- or false or misleading information.
- Disqualification decisions are final.
- TradingCult may disqualify participants for:
- Promotional Nature
- The Giveaway is a marketing and promotional campaign.
- Giveaway accounts are not equivalent to standard funded accounts and may not be upgraded unless explicitly stated.
- Liability Disclaimer
- Trading involves risk, and TradingCult is not responsible for trading losses.
- TradingCult shall not be liable for indirect or consequential damages arising from participation.
- Final Provisions
- TradingCult’s interpretation of these Terms & Conditions shall be final.
- These Terms & Conditions are governed by applicable law.
- Participants are encouraged to review the TradingCult website regularly for updates.
- Instant Funding Giveaway – How It Works, Key Features, Rules & Limitations
The Instant Funding Giveaway gives traders direct access to a Funded Account, without having to pass evaluation phases. Traders must comply with the prohibited trading strategies, trading rules and restrictions; any violations will result in failure of the challenge.
The Instant Funding Giveaway operates on a 50/50 profit-sharing model, allowing traders to retain 50% of the profits they generate, capped by a 10% profit target set on the account. Profits become eligible for withdrawal only once the 10% profit target has been reached and can be withdrawn exclusively via Crypto (USDT-TRC20). Upon reaching the profit target and having the withdrawal successfully processed, the Instant Funding Giveaway account will be breached and will no longer be available for trading.
Key Features of the Instant Funding Challenge:
Profit Targets and Drawdowns:
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- Ensure that your Max Daily Loss does not exceed 3% of the account's previous day's end-of-day balance (calculated at 17:00 EST) in any single trading day.
- Do not exceed a Max Total Loss limit of 6%, which dynamically trails the account's highest balance by 6% of the initial starting balance. Once the Max Total Loss has locked in at the Starting Balance, it will remain locked at this level even after a payout or withdrawal is made from the account.
- No time limits, trade at your own pace.
- A minimum of 5 trading days is required to be completed to be eligible for payout per payout cycle.
- Accounts inactive for 30 consecutive days will be terminated.
- The Max Total Loss is dynamic, adjusting based on the account's highest balance.
- Once the Max Total Loss has locked in at the Starting Balance, it will remain locked at this level even after a payout or withdrawal is made from the account.
- If a payout is made, regardless of the account balance at the time, the Max Total Loss will be locked at the Starting Balance. This level will remain fixed and will not adjust following any payout or withdrawal. Once the payout has been processed, the account will be breached and will no longer be available for trading.
Leverage:
-
- Forex 1:30
- Metals 1:10
- Energies 1:10
- Indices 1:10
- Crypto 1:1
- Stocks <1:4
Profit Split and Payouts:
-
- The profit-sharing ratio is fixed at 50%.
- A payout request may be submitted 5 days after the first funded trade, provided the 10% profit target has been reached.
- If the profit target has not been met, the payout request will be rejected.
- Subsequent payout requests may be submitted every 15 days following the initial payout request.
- Only one payout is permitted per account once the profit target has been reached, provided that all other criteria are met, including (but not limited to) compliance with the Prohibited Trading Strategies, Trading Rules, and Restrictions.
- Payouts may be withdrawn exclusively via Crypto (USDT-TRC20), with no exceptions. Traders who are unable to withdraw using Crypto (USDT-TRC20) will not be eligible to receive a payout and will forfeit any remaining profits on the account.
Prohibited Trading Strategies, Trading Rules and Restrictions:
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- No single trading day should contribute more than 20% of the total profits when requesting a payout. Failure to meet this objective will result in the payout being rejected and the new payout date being extended by 15 days.
- Maximum Risk per Trade: You are not permitted to risk more than 2% of your account balance, calculated using the previous day's End of Day Balance (calculated at 17:00 EST), on any single instrument, regardless of the number of open trades. The previous day's End of Day Balance can be found in the Max Daily Loss infographic in the Goals Overview section of the Overview Tab, relative to the specific account you are viewing in the client area.
- For example, if your previous day's End of Day Balance (17:00 EST) is $1,000, the maximum allowable risk per instrument is $20.
Prohibited Trading Strategies include:
-
- Holding Shares during Earnings: 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.
- Arbitrage and Latency: Using price differences or delays across platforms or data feeds to gain unfair profits is prohibited.
- System Exploits: Taking advantage of platform bugs, freezes, or server issues is forbidden. Report any technical problems to support.
- Hedging between accounts or profiles: Whether independently or in collaboration with others, as well as internal hedging (placing opposing positions on the same instrument within a single account), is strictly prohibited.
- High-Frequency Trading (HFT) and Tick Scalping: Strategies that place trades in rapid succession or aim to profit from very small price movements are not allowed.
- Sharing accounts: Giving someone else access to trade on your account, or managing another person’s account, is strictly prohibited.
- ALL in 1 Bet: Trying to reach the profit target with a single trade is not allowed as it does not demonstrate consistent trading behaviour. This rule applies to any trade where the profit generated from one position is equal to or exceeds the account’s profit target.
- Automated Trading (EAs, Bots, Algorithms): Use of any automated system, including Expert Advisors or bots, is not permitted. All trades must be placed manually.
- Copy Trading & Reverse Copy Trading: Mimicking trades from another account or using account management services is prohibited. All trading must be done independently.
- News Trading: Opening or closing trades within the restricted 10-minute window (5 minutes before and 5 minutes after any high-impact news event shown on our Economic Calendar) is strictly prohibited. You may hold existing positions during this time, but if a trade closes within the window, whether by Take Profit, Stop Loss, or manual action, it will still count as news trading. Any trade that opens or closes inside the restricted timeframe will be treated as a breach and will cause the Instant Funding Challenge to fail.
- Trading Gold (XAUUSD) during any high-impact news event from G7 countries (United States, Canada, European Union, France, Germany, Italy, Japan, and the United Kingdom) will result in a breach.
- Trading during any US high-impact news event will result in a breach across all instruments, including Forex, Metals, Indices, Stocks, and Crypto.
- For currency pairs, trading during high-impact news related to either currency in the pair will result in a breach. For example, trading CADJPY during CAD or JPY news will result in a violation.
- Inadequate Risk Management, Exploitation of Statistical Vulnerabilities, and Gambling-like behaviour: Trading strategies that involve poor risk management, gambling-like behaviour, or exploitation of statistical weaknesses are strictly prohibited. This includes but is not limited to:
- Excessive Risk-Taking: Taking on large, unjustified exposure in trades.
- All-In Trading: Committing a large portion or all of your capital in a single trade.
- Improper Use of Leverage: Over-leveraging by risking too much across one or several trades in the same direction.
- Inconsistent Strategies: Trading without a clear, repeatable approach within one or multiple accounts.
- Account Rolling: Continuously buying multiple evaluation challenges and trading recklessly to bypass rules.
- Binary Event Trading: Frequently placing trades immediately before major news releases to exploit volatility.
Failure to comply with these rules may result in the account being breached, the challenge being failed, and any profits becoming null and void.
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