Frequently Asked Questions
General
Our drawdowns are calculated as a static value off the beginning capital deposited into your trading accounts and evaluations.
We are partnered with Eightcap as our broker to offer industry leading spreads and commissions for traders. To understand their account offering that we use see here: https://www.eightcap.com/en/trading/trading-conditions/spreads/
Here:
https://www.eightcap.com/en/platforms/metatrader-4/
Once you become a live funded trader, you must trade with us for at least 30 days for your first payout, and after that we can payout bi-weekly.
To request a withdrawal, please go to your dashboard and select the Withdrawal/ Profit Share option to request a withdrawal.
Once you send your request, our payments team will verify if you meet the eligible criteria to make a withdrawal, if so they will process the payout either via Cryptocurrency or Bank Transfer.
Please notice that once you create a Funded account, you will be required to sign the Independent Contractor Agreement and fill out the Payment Method form, where you will provide your preferred payment method to process your future requests.
The purpose of the evaluation is for us to make sure that you are a consistent trader without any capital risk. As our evaluation is set up to test your trading without risking capital, you cannot withdraw profits on this phase.
Yes, the minimum age to participate in all of our programs is 18 years of age or older.
Upon receiving your confirmation of successful payment, you will receive your Trading Platform and Dashboard credentials within 5 minutes.
We allow for three evaluations to be taken at once with a total funding amount of up to $1,000,000.
We believe in giving our traders the fairest deal possible. Ultimately no one would invest in anything if they were not able to know what the outcome may be, and many prop firms that offer instant funding only do so to take your evaluation fee and let you trade on a demo. M Solutions only wants to put in money in proven and trusted traders that we work with and see pass their evaluation. This is what will build our prop trading fund over the long term instead of trying to earn some fast dollars on an instant demo account.
Yes. If no trade is placed on your trading account within 25 days, your account will be disabled.
We apply a profit consistency rule to manage risk on your funded account. No single trade can account for 50% or more of your total Required Return or total Target Return. For example, if a trader has a total profit of $5,000 he cannot have a single trade with a profit of more than $2,500 which is more than 50% of his total profit.
Note this rule is not a hard breach, and will only result in any inconsistent trades being removed from account.
Yes, however, we do not permit hedging between accounts. Also note if your account is flagged as using multiple IP addresses or VPS from multiple locations this will be considered a breach in the funded stage.
We are on the lookout for talented trading individuals and as such do not regard trade copying someone’s direct trading activity and as such is not permitted.
Yes, as we are on the lookout for individual traders and often make payouts to a bank account for our live traders. As such accounts must be created in your own name.
We classify our live traders as independent contractors. As such you invoice M Solutions for your earnings and must report this yourself to your relevant tax authority.
We define News Trading as any trade placed 5 minutes before or 5 minutes after any major high impact news event as determined by our risk team.
You can open a new trade 5 minutes before or 5 minutes after the high impact news if you held it during the news events (apply for Funded accounts only).
We do not allow for account merging due to risk management and tracking purposes. You can however have up to three challenges at one time totalling a maximum of USD 1M in funding.
Trade with ASIC regulated Eightcap’s platform.
As we are evaluating the trading of individuals you are solely responsible for your account login details. If you share account passwords with others it will violate our terms and conditions and as such it is not permitted.
Instantly. Once you pass the evaluation, you can follow the prompts in your Evaluation pass email and get your live funded account right away.
Yes, you can use EA as long as they are NOT used in the following ways:
– Copy trading of other persons’ signals
– Tick scalping
– Latency arbitrage trading
– Reverse arbitrage trading
– Hedge arbitrage trading
– And/or any use of emulators
– Using same strategy and/or set files of other party
In the evaluation phase if these types of trading are used, the account will not receive a challenge refund (refund is only applicable for 2 step challenges) and will be reviewed with the possibility of being banned.
Accounts using these types of EAs will be flagged and reviewed by M Solutions Forex Funds management.
Challenge FAQs
HFT Challenges
10% on the Evaluation Phase (1st and only Phase)
The minimum trading days on the evaluation stage is 7 days. TheTrading days are detected on the date you close a trade. Even if you open one trade on one date and close it on another this will not be treated as multiple trading days
The duration for all challenges would be unlimited
Free repeat will not be granted under any conditions
Hedging means opening two trades in opposite directions with the same volume on the same instrument and it is allowed in a single account. However, if you open a position in one account and in another account a position in the opposite direction, this would be a violation of our rules.
For the Single Phase High Frequency Trading is allowed, however, please note that the following strategies would can still be a violation of our rules:
– Copy trading of other persons’ signals
– Tick scalping
– Latency arbitrage trading
– Reverse arbitrage trading
– Hedge arbitrage trading
– And/or any use of emulators
– Using same strategy and/or set files of other party
The maximum drawdown for one day would be 5% of the initial balance and highest recorded equity for the day thereafter.
The maximum total drawdown you can have an account will 10% of the initial balance. This rules is impacted only if the equity drops below the initial balance.
The profit split on this challenge in the funded stage will be up to 75% in the trader’s benefit.
Yes, only for one challenge stage.
We apply a profit consistency rule to manage risk on your funded account. No single trade can account for 50% or more of your total Required Return or total Target Return. For example, if a trader has a total profit of $5,000 he cannot have a single trade with a profit of more than $2,500 which is more than 50% of his total profit.
We use volume consistency to ensure Funded Accounts maintain adequate risk management, to calculate this we add all trades and divide the result with the total number of trades (excluding cancelled and pending orders). This will give you an average lot size, furthermore we:
Multiply the average lot size by 0.25 to define the bottom of range
Multiple the average lot size by 2.00 to define the top of the range
Everything that falls outside this two tops are considered inconsistent
For example, total lot size: 21.42
total trades: 16
average size: 1.33875 lots
Bottom of range: 0.33
Top of range: 2.67
Note this rule is not a hard breach, and will only result in any inconsistent trades being removed from account.
30 SECONDS RULE
Trades are aggregated when placed within a 30 second window into one position for both profit and volume consistency.
for example if i place 1 lot buy at 05:45:00 seconds
Placing another 1 lot buy at 05:45:15 will apply the rule
the trades will be calculated as 1 buy, 2 lots
During challenge phase you’re not allowed to trade news
During Funded stage you can close positions during news, but you can’t open any new trade 5 minutes before and after a high impact news that affects the pair you trade
(the one considered 3 stars, 3 bulls) on economic calendars
In this Challenge type refund on first withdrawal is not allowed.
Non - HFT Challenges
8% on the evaluation (1st Phase) and 5% on the verification (2nd Phase)
Minimum Trading days are detected on the date you close a trade. Even if you open one trade on one date and close it on another this will not be treated as multiple trading days
The duration for all challenges would be unlimited.
Free repeat will not be granted under any conditions
High Frequency Trading is not allowed for the two-phase challenge as well as in the funded stage of this challenge.
The maximum drawdown for one day would be 5% of the initial balance and highest recorded equity for the day thereafter.
The maximum total drawdown you can have an account will 10% of the initial balance. This rules is impacted only if the equity drops below the initial balance.
The profit split on this challenge in the funded stage will be up to 90% in the trader’s benefit.
Consistency Rules: No consistency rules
-For this challenge type there are no Consistency Rules that will be checked or to be followed on the trader’s side.
During Phase 1 and Phase 2 challenges you’re not allowed to trade news, However in the funded stage you can hold during news but you cannot open a new trade or close a position during the 3 minutes before and after a high impact news. That means that a tp/sl, hit or a new trade opened during that window will be considered a soft breach.
Yes, our program allows for the weekend and overnight holding of trades.
There will be a minimum of 5 trading days
You must enter a realistic stop loss (stop loss must not be bigger than the DD limitations) this needs to be done in the next 2 minutes after a trade has been open
Permitted on the first payout.
Provided that your trading conforms to the real market conditions and is legitimate. There aren’t going to be restrictions to your trading strategy, whether it’s discretionary trading, hedging, algorithmic trading.
Yes it will be a soft breach and trade will be deleted.