Are There Any Fees Associated with Maintaining My Account?We strive to keep our pricing transparent and fair, ensuring that traders can focus on their performance without worrying about hidden costs. While there are generally no ongoing maintenance fees for your trading account, there are specific scenarios and optional features that might involve additional costs. Here’s a detailed breakdown:
No Maintenance Fees for Active AccountsFor most traders, there are
no recurring maintenance fees associated with keeping your account active. Once you purchase your account or challenge, you can trade without worrying about monthly or annual fees as long as you comply with the trading rules and remain active.
- Potential Costs You Should Be Aware OfChallenge Fees:When starting a new challenge, you will need to pay an upfront fee. This fee covers your access to the account and evaluation process.
- Add-Ons or Upgrades:If you choose optional features like the "Hold Trades Over the Weekend" add-on or an "Extra 10% Profit Split," these come with additional one-time costs.
- Reactivate After Inactivity:If your account becomes inactive for an extended period (e.g., exceeding the inactivity limit), reactivation may involve a nominal fee, depending on the firm’s policies.
- Scaling Fees:While most firms scale accounts automatically based on performance, some may charge administrative fees for scaling. We recommend reviewing your account’s scaling terms for clarity.
- Platform-Specific Costs:If you choose to subscribe to premium features on third-party trading platforms (e.g., advanced charting tools or data feeds), those costs are separate and managed by the platform provider.
- Why Are These Costs Necessary? Account Management:Fees help cover administrative costs, such as account setup, platform integration, and ongoing technical support.
- Enhanced Features:Optional add-ons provide greater flexibility and benefits for traders who need them, ensuring they pay only for what they use.
- Risk and Compliance Management:Fees also contribute to maintaining a secure and fair trading environment by funding compliance checks and operational safeguards.
- How to Avoid Unnecessary CostsStay Active:Ensure you trade regularly to avoid inactivity fees.
- Plan Your Add-Ons:Select only the add-ons that align with your trading strategy to minimize extra expenses.
- Understand the Terms:Familiarize yourself with the account’s fee structure to avoid unexpected charges.
What Do You Get with Your Account Fee?Your account or challenge fee typically includes:
- Access to a simulated trading account with real market conditions.
- Detailed trading rules and guidelines for evaluation.
- Risk management features to protect your account.
- Support services to assist with technical or account-related issues.
Final ThoughtsWhile there are no ongoing maintenance fees for your trading account, additional costs may apply for optional features or specific scenarios like account inactivity. We’re committed to transparency and providing excellent value, ensuring that you only pay for the services and benefits you choose to use. If you have any questions about fees or account features, our support team is always here to help!