Trading Challenge
Prove You Can Trade
Forex, Equities, Futures, Commodities and Cryptocurrencies
Trading Challenge
Practical Assessment
This is a single stage assessment forex trading demo account, with a single payment and no time limit!
To get funded achieve an 8% profit target & a win rate>45%, with no extreme risk (your best trade day<40% of total profits) and without breaching the Maximum Loss Limit (5% of the account starting balance) and you will get funded with our live account.
Prove you can trade as Forex Trader.
Features of our
Practical Assessment
Multi-Asset Class Trading Demo Account?
Single Payment
Our Practical Assessment is a single payment there are no monthly subscriptions.
Unlimited Time
You have an unlimited time to reach the profit target. So no pressure!
Simple Rules & Limits
Our simple risk management rules ensure maximum profit and protection for our trading capital.
Any Strategy
You may use any trading strategy, EAs or bots.
Tradeable Instruments
within both our Assessment Demo and Live Funded Accounts
Majors
EURUSD, GBPUSD, AUDUSD, NZDUSD, USDCAD, USDJPY, USDCHF, EURCHF, EURGBP, EURJPY, GBPJPY, GBPCHF.
Minors
CADJPY, AUDJPY, EURAUD, EURCAD, NZDJPY, AUDCAD, AUDCHF, AUDNZD, CADCHF, CHFJPY, EURNZD, GBPCAD, GBPAUD GBPNZD, NZDCAD, NZDCHF.
Exotics
GBPSGD, AUDSGD, CADSGD, CHFSGD, EURMXN, EURNOK, EURPLN, EURSEK, EURSGD, EURTRY, GBPNOK, GBPSEK, MXNJPY, NOKJPY, NOKSEK, NZDSGD, SEKJPY, SGDJPY, USDCNH, USDNOK, USDMXN, USDPLN, USDRUB, USDSEK, USDSGD, USDTRY, USDZAR, AUDCNH, AUDHKD, CNHJPY, GBPCNH, NZDCNH, EURZAR, GBPZAR.
Please note: Liquidity and spreads can change due to market conditions. The information in this table is correct at the time of publication, we reserve the right to change its contents at any time.
FX Trading hours (except USDRUB) are the following:
Sunday: Open at 21:00 GMT – Close at 24:00 GMT
Monday to Thursday: Open at 00:00GMT – Close at 24:00 GMT
Friday: Open at 00:00 GMT – Close at 20:57 GMT
USDRUB: Mon -Fri 07:00 – 15:57 GMT
*Average prices are during London and New York sessions.
**Trading hours can change due to public holidays.
Majors
JP225, EU50, FR40, DE30, UK100, US500, UT100, US30, AU200.
Minors
HK50, ES35, CHINA50, CHSHARES, RUSS2000.
Equities Indices
Majors
F40xx, UK100xx, USDIndexxx, DE30xx, US500xx, UT100xx, US30xx.
Minors
CHIN50xx, ESP35xx, INDIA50xx, Sing30xx, VIXxx.
Where “xx” refers to the expiry month and year.
First letter is the expiry month:
F Jan, G Feb, H Mar, J Apr, K May, M Jun, N Jul, Q Aug, U Sep, V Oct, X Nov, Z Dec
Second letter is the year: e.g. Dec-2019 is “Z9”
Liquidity and spreads can change due to market conditions. The information in this table is correct at the time of publication, we reserve the right to change its contents at any time.
*Typical prices are during London and New York sessions.
COMMODITIES
Majors
XAGUSD, XAGEUR, XAUUSD, XAUEUR, UKOIL, USOIL.
Minors
XPTUSD
Exotic
XAUTRY
Liquidity and spreads can change due to market conditions. The information in this table is correct at the time of publication, we reserve the right to change its contents at any time.
Majors
XAGUSD, XAGEUR, XAUUSD, XAUEUR, UKOIL, USOIL.
Minors
XPTUSD
Exotic
XAUTRY
Please Note: Liquidity and spreads can change due to market conditions. The information in this table is correct at the time of publication, we reserve the right to change its contents at any time.
Coming soon
Trade Cryptocurrency CFD's
Choose your entry level into the
USD$1,000,000 Challenge
Once you have signed up you will receive your Practical Assessment Forex Trading Demo account immediately, so you can start trading straightaway.
Risk Management Limits
| Account Size | Profit Target (8%) | Win Rate | Best Day Profit | Max Drawdown (5%) |
|---|---|---|---|---|
| $25,000 | $2,000 | >45% | <40% of Total Profits | $1,250 |
| $50,000 | $4,000 | >45% | <40% of Total Profits | $2,500 |
| $100,000 | $8,000 | >45% | <40% of Total Profits | $5,000 |
Practical Assessment Pricing
Single Payment
US$25,000
Starting Balance- No Monthly Payments
- Unlimited Time
- Leverage 1:10
- Profit Target 8% ($2,000)
+ Win Rate ≥45% - Max Drawdown 5% ($1250)
- Reset Fee $75
Single Payment
US$50,000
Starting Balance- No Monthly Payments
- Unlimited Time
- Leverage 1:10
- Profit Target 8% ($4,000)
+ Win Rate ≥45% - Max Drawdown 5% ($2500)
- Reset Fee $145
Risk Management
Trading Rules and Account Limits
Our risk management rules are in place to protect our capital and to protect the profits you make.
These rules are not negotiable, so please don’t ask.
The rules and limits apply to both the Practical Assessment Forex Trading Demo Account and the Live account.
Trading Rules
T4TCapital will manage your assessment automatically to ensure the risk is minimal, with industry standard metrics. If you breach any of the account management rules your trade will be closed. Please note: A breach of the account management rules does not mean a reset is required. Your trades that breach these rules will result in your trade being automatically closed, trades include open or pending trades.
Maximum Position Risk on any one trade must not exceed 2% of your account balance & Total Open Risk at any one time must not exceed 3%.
Before a trader opens any position, they will have 3% of risk available. If the Maximum Loss Limit is within 3% then they will only have that smaller limit available.
Single Position Risk – If a trader opens a position that exceeds 2% risk of the account balance then the trade will be closed out immediately, and the trader is notified of the soft breach. They can continue to trade.
Total Open Risk – If the total open risk is above 3% it closes out the most recent position opened immediately, and the trader is notified of the soft breach. They can continue to trade.
Updating Available Risk – If a trader has 2 trades open with risk totally 3% and the positions are in profit, if they raise their stop loss orders to breakeven on both trades then they get 3% of additional ‘Available Risk’ to trade with.
All trades must have a Valid Stop Loss attached to every trade at entry into the market.
All professional traders attach a Stop Loss to all their trades. Without a Stop Loss your whole trading account balance is at risk. It makes no sense trading without a Stop Loss and without one the trading account has a very limited life.
Your largest profit day must be below 40% of your total profits made.
We want profitable traders with consistent risk management, not one hit wonders that make a lot of money on one day and lose every other day. If there’s no plan going up then there’s definitely no plan going down!
You are not permitted to hold positions over the weekend. All positions will be closed automatically by T4TCapital on Friday 7.00pm GMT/UTC. You are permitted to trade at all other times except if T4TCapital Management halts all trading due to ‘unforeseen highly volatility international events’. In this case, T4TCapital management will notify you directly about the trading halt.
This will not result in a reset.
Account Limits
If you breach the limit below your assessment will be closed. To continue with the assessment you can pay the reset fee for your account size and your account will be reset to the start balance and you may continue with the assessment.
The Maximum Drawdown is a trailing Drawdown until reaching the Account Start balance, where it becomes static at that point. It is calculated by subtracting 5% from the High Water Mark (Your highest account balance).
What does this mean?
Again the Maximum Drawdown is designed to protect your profits and also our maximum exposure.
Let’s take a look at an example:
Week 1
Account Start Balance:$100,000
Maximum Drawdown: $95,000
During Week 1 you make $3,000 profit taking your Account Balance to $103,000, this now your High Water Mark and your Maximum Drawdown has increased to $98,000. You cannot go below this figure with your Equity Balance.
Week 2
Account Balance: $105,000
Maximum Drawdown: $100,000
You now have a great week and make $5,000 taking your Account Balance to $110,000. Your Maximum Drawdown has already reached the account starting balance of $100,000. It remains there from now on.
Frequently Asked Questions for
The Trading Demo Practical Assessment
No. This goes against everything we promote, we want long term consistent traders . We do not want to encourage you to over trade and over leverage. Take your time we’ve removed the pressure.
There is no time limit. We are looking for consistent, responsible risk managers. Putting a time constraint on traders encourages overleveraging and over trading. Take your time and you will get through easily.
Yes it is.
To enable us to assess your ability in a risk free environment, we use a demo account without risk. The Forex Trading Demo Account Practical Assessment performs in the same way as the forex live account, so when you start trading with real money you will not notice any difference.
No, it is a demo account.
Yes you can. You can trade whatever trade methodology you wish, as long as you adhere to the rules.
Yes you can.
You are responsible for their operation and to ensure they adhere to the rules. A malfunctioning EA, bot or algo is not an excuse for breaching the rules.
Forex is set at 10:1 Leverage. Trade limits are managed by the ‘Maximum Position Risk’ rule.
In the unlikely event of breaching the rules you can reset the account back to the start account balance. You will need to pay the appropriate fee according to your account size you are trading. For example if you are taking the USD$100,000 Forex Practical Assessment, the reset fee is USD$199.
You may also reset your account at anytime you wish if you want to start from scratch again.
Yes we do.
You can notify us by email, although we will have seen you have achieved. Our audit team will go through your trading history to ensure you havnt breached any of the rules and if all is in order, then you will receive your live trading account login details within 3 business days or earlier whilst we transfer funds into your new live trading account. Remember you are trading our account and we are not transferring funds to your account.
No you are trading our accounts. We have our own liquidity provider and you will be provided with the account details to trade.
How long is a piece of string. This depends on your ability to chose the correct trades and of course if the market is behaving itself and has good volatility.
No you are limited to one. You should chose the account size you can afford to start your journey to the USD$1,000,000 account!
Yes. If you have bought a Practical Assessment and have changed your mind we will refund your fee straightaway without question.
There is no refund if:
- You have started trading the account.
- You have breached the rules and failed the assessment.
Reset Fees are not refundable.
Yes you can.
You are responsible for their operation and to ensure they adhere to the rules. A malfunctioning EA, bot or algo is not an excuse for breaching the rules.
You will have plenty of time to trade the Practical Assessment. The account will remain active for 3 months after your last trade. If you do not trade the account for 3 months then the account will be deleted and you will need to purchase another Practical Assessment.
Yes we do.