Can I Hold Positions Overnight?
Yes, you are allowed to hold positions overnight during the week and also over the weekend. There are no trading hours requirements.
What Currency Pairs & Trading Styles Are Allowed?
On the whole, we have very few restrictions in place to ensure proper risk management is used. These include; We restrict the use of copy trading as we believe that traders should make their own analysis and trades while our risk management setup prohibits this. At DT4X risk management is important and should be to you to as a trader too. We do not allow any more than five trades without a stop loss. If your system is profitable while respecting the rules, we’re happy to see you grow with us.
EA’s (Expert Advisors) may be used – however they require approval from our risk management team. If you wish to use an EA please submit a summary of how the EA operates along with the trading history of the EA to [email protected] please note if no trading history of the EA is provided your request may be ignored. Traders can trade all the currency pairs available on the MT4 or MT5 platform. Traders can also trade Gold & Silver. Traders cannot trade indices, energies, stocks or cryptocurrencies.
What Leverage Is Allowed?
Leverage can be a great tool to help manage risk, and a great tool also to help grow accounts however most traders ‘over leverage’ their accounts (no pun intended). Here at DT4X Trader we aim to help educate traders on the importance of risk management within trading and starting with the correct leverage is one of the basic risk management processes to learn about.
We offer 1:10 leverage on all our accounts for the first stage of funding (before the account scaling feature is used). Once traders reach stage two (FM Level 2), this can be increased to 1:50 on request.
What Happens If I Do Not Make The 5% Profit Target?
As long as the rules are followed, nothing will happen to your account if you make less than 5% profit for the month (our trading month is calculated from the 25th to 25th of each month). If you make less than the 5% your profits are simply rolled over to the following month in hope that it makes it easier for you to then become closer to the 5% target.
You will not fail the program if you do not meet the 5% target.
Is It Possible To Change My Trading Platform or Broker?
Yes, if you decide you are not happy with the trading conditions you are welcome to change this. To do this please contact us so we can help set things up for you. You can reach us on live chat or by email; [email protected]
Which Trading Platform & Broker Can I Use?
We allow you to trade with MetaTrader 4 (MT4) or MetaTrader 5 (MT5). For brokers, traders can choose between HugosWay, IC Markets, RoboForex, Tickmill, FXOpen, and FX Choice. And benefit from no commissions for withdrawals.
What Currency Pairs Am I Allowed To Trade?
You are allowed to trade all currency pairs that are shown by the broker on the MT4 & MT5 platform. As this is a forex prop fund we don’t allow any other pairs to be traded currently such as cryptocurrencies, energies or indices. This may be reviewed at a later date.
About DT4X Trader
How To Begin?
After you join, you will gain access to your Traders Room where you will be able to access your DT4X trading account objectives along with analysis tools, economic data, education, and more. You can begin when you are ready, there is no maximum or minimum time requirement.
Your MT4/MT5 login details will be delivered to your registered email within 1-2 business days. Once you have successfully met the 10% profit target your account size will be doubled. The account size can be doubled up to the value of USD$1.24 million for all accounts.
You can’t receive our funding based on your performance outwith the program. The process we have in place is there to be sure that your trading skills match our requirements and to ensure we both are a good fit for one another.
Who Is DT4X Trader?
By traders, for traders is our motto here. DT4X Trader is a project that is looking for successful traders. Our educational applications, account analysis and customer support are here to guide our traders. Upon joining, traders become a member of the DT4X Proprietary Trading firm and you can remotely manage up to 1.24m USD by using our Account Scaling feature.
As a DT4X Trader, you keep 60% of the profits you make. The company covers any losses on the account.
Who Can Register With DT4X Trader?
We accept traders from around the globe, even the US. Worldwide residents are welcome!
Where Are We Registered?
DT4X t/a GREATGADGETZ LTD is a registered company in Scotland, United Kingdom. Company number SC597488.
You are welcome to come and visit us!
Is DT4X Trader A Broker?
No, DT4X Trader is not a broker nor do we accept deposits from traders.
Is There Any Consistency Rule?
No, there is no consistency rule for lot sizes however please ensure to use good risk management as this will help you as a trader to succeed too.
Is There A Max Daily Loss/Drawdown?
There is no max daily loss or max daily drawdown. The only loss rule we have is our max loss.
What Is The Max Lot Size I Can Use?
We have no lot size restrictions. However, all traders start with 1:10 leverage and this means that the broker will have restrictions due to the leverage on the lot sizes you can use.
It also depends on the currency pair you trade, as each currency pair has different margin requirements. To help assist you, you can view this tool here: https://roboforex.com/beginners/start/forex-calculator/ simply select the leverage as 1:10 and choose the currency pair you are interested in trading to help you work out the maximum lot size for that pair. Once this has been done, if the “Margin” field shows a lower number than your starting account size with us you will be able to use that lot size for the selected currency pair.
Alternatively, you can open a free demo account with one of the brokers we offer and set the leverage as 1:10. While testing this out you will be able to determine the max lot size you can use for your desired instruments.
How Do Traders Request A Profit Withdrawal?
We abide by the highest code of ethics concerning traders’ payments. We ensure that every funded trader is paid once a month (on the 25th of every month), regardless of the amount due to you. We are always enthusiastic about paying our traders timeously each month. Withdrawals are available via Worldwide Bank Transfer, PayPal, Cryptocurrency & Neteller. When withdrawals are made and the trader receives the profit to their requested payment method – the profits also remain virtually in the Trading Account, allowing you to trade with larger lot sizes should you wish to. Once the 5% profit target is achieved, traders can request a withdrawal.
How Do I Receive a Funded Account?
Simply select the account size you wish to join with. For example, you can choose between the Basic Account, Advanced Account & Pro Account. Once you have ordered your desired account and completed the checkout process you will be sent your account details within 1-2 business days. These details will be sent to your registered email address you used when placing your order. Please make sure to check all mail folders including junk mail as although not common, from time to time emails can be received in here.
How Much Will I Trade As A DT4X Trader?
You can begin with trading $10,000, $25,000 or $50,000. For every 10% profit target reached your account size is doubled. The 10% profit target is calculate based on your starting account size for that stage. The accounts provided are simulation accounts which are connected to our master accounts.
If you wish to trade with more capital, you can allow for our Account Scaling to kick in. Where at 10% profit your account size will be doubled!
What Happens If I Break The Rules?
If you break any of the guidelines, the account will no longer be funded by the DT4X Proprietary Trading firm. You can try again and order a reset if you wish to become a DT4X Trader. If you break the rules, your initial fee paid is lost so please trade well and follow the rules. Our trained customer support team are on hand via Live Chat, Email and Telegram 24/7 so please reach out if you have any questions. You can also refer back to this page at any time for extra help.
How Does The Withdrawal Growth™ Feature Work?
Our exclusive Withdrawal Growth feature allows our traders to grow quicker while not eating into their profits. When you withdraw your profits and are paid out, the profits still remain virtually in your account. This allows our traders to trade with larger lot sizes going forward than they would have if the profit was also deducted from the MetaTrader platform balance.
How Does Account Scaling Work?
The Account Scaling feature is an incentive we use to allow talented traders to grow quickly with us. Unlike trading with your own funds where it can take many years to reach our Account Scaling levels this allows you to potentially grow quicker while also not risking your own capital as we bear the loss. All traders begin at FM Level 1 (Fund Manager Level 1) which is the account level you join at. Once the Profit Target is reached, traders are progressed to FM Level 2. When 10% profit of the balance at FM Level 2 is made, traders are progressed to FM Level 3. Traders will be notified about this automatically and their account size will be doubled. Below is an example of the Account Scaling feature:
FM Level 1: $50,000 Account Size (10% profit required to reach Stage 2). Trader profits $5,000 and is progressed to FM Level 2.
FM Level 2: $100,000 Account Size (10% profit required to reach Stage 3). Trader profits $10,000 and is progressed to FM Level 3.
FM Level 3: $200,000 Account Size (10% profit required to reach Stage 4). Trader profits $20,000 and is progressed to FM Level 4.
FM Level 4: $400,000 Account Size (10% profit required to reach Stage 5). Trader profits $40,000 and is progressed to FM Level 5.
FM Level 5: $800,000 Account Size (10% profit required to reach Stage 6). Trader profits $80,000 and is progressed to Portfolio Manager.
Portfolio Manager: $1,240,000 Account Size. Congratulations! This is the final stage and when traders reach this stage with us they are given the title of Portfolio Manager.
As well as any profits made on their account, Portfolio Managers are offered a fixed salary of $5,000 a month. Portfolio Managers are offered the chance to mentor our traders and we will assist you in building your brand going forward. Withdrawals do not affect the Account Scaling process and there is no minimum balance required to be retained in the account before this feature is applied.
How Much Capital Will I Be Allocated As A DT4X Funded Trader?
You will trade the account size you select when you complete the checkout process. You will start with either the Basic account size which is $10,000 USD, the Advanced account size which is $25,000 USD or the Pro account size which is $50,000 USD. Should you show good performance your account size could be increased to $1.24 million. You can change the currency of each account size and select your desired broker on the checkout page.
The account profit split is done on a monthly basis, on the 25th of every month. You can request a payout from within your member area. The payouts are processed within 1-2 business days upon receiving the Invoice. Traders must submit their ID documents for as a company we have a duty to comply with AML regulations. You can receive your profits by regular bank wire transfer, Paypal or Neteller. We don’t charge any commissions for withdrawals.
When you generate 5% or more profit of the account balance (based on the balance on the 1st of the month), we calculate your 60% profit share and pay you out.
With the Withdrawal Growth feature your profits will be paid to you as normal, but will also remain in the account virtually so you benefit from the best of both worlds and have extra margin to trade with for the next month.
What About Tax?
You will be eligible for 60% of your profits. You are responsible for your tax affairs. If you are ever unsure, it’s best to speak to an accountant.
Do I Require A Licence To Trade Here?
No you don’t need a licence to trade with us. As we do not use third party funds and while operating as a proprietary fund we are able to hire any service providers for our fund.
What Is The Relationship Between Us As A Company & You As A Trader?
The relationship between you and ourselves is that you are the Contractor (Trader) of the firm and we are the Provider (The Company). Traders can become affiliates of DT4X Trader through our Affiliates Program Affiliate Page – DT4X (dt4xtrader.com) but that is a separate matter.
I've Ordered, How Do I Log In To My Member Area?
You can login to your TRADERS ROOM as soon as you have completed your ordered. Once you have completed the check out process, simply click TRADERS ROOM and login. Then select PROFILE and this will take you to your member area.
Billing & Fees
Do You Charge Any Other Extra Fees?
There are no extra fees. The initial joining fee for the DT4X Trader account, is a once-off fee only and includes access to our education, trading tools, support and more. There are no hidden fees with us whatsoever.
How Many Accounts Am I Allowed?
Every trader is allowed a maximum of 2 accounts at a time when the trading account is active.
I've Paid For The DT4X Trader Account When Will I Receive Access?
If we receive your payment during our business hours, we process your DT4X Trader account as soon as possible. If we receive your payment during our night (GMT) or weekend, we process your DT4X Trader account the following morning when our office opens or on Monday – in case you pay during the weekend. You will receive full access to your account, educational content and more within 1-2 business days.
Once you receive your login details via email you can login to your account by using the TRADERS ROOM menu option.
How Can I Pay & How Are Withdrawals Paid?
Currently payments can be made using PayPal, Debit/Credit card or Neteller. Withdrawals are available via PayPal, Worldwide Bank Transfer and Neteller.
Do You Accept US Residents?
Yes, we do.
How Do I Get Started?
Chat With Us Live
Or visit our home page and select the plan that suits you best.
Your trading account will be setup based on the information you provided. As soon as you start trading we will assess your performance and regularly update your progress inside the Traders Room.
DT4X Funded Trader
Congratulations on becoming a Funded Trader! You will now receive 60% of the profits while we cover the losses, go you!
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