FAQ – Operational

You’re more than welcome to use a VPS. However we do limit each trader to maximum of two IP addresses. This ensures that traders are not using third party providers to assist with their challenges or funded accounts.

Through BlueSuisse, you will have a $7 commission on FX Pairs, per lot. If you trade partial lots, the commission will be proportional.

Indices, commodities and other instruments do not incur commissions – only the market spread.

Please be advised, under no circumstances should you change either of the passwords for your trading account. This will result in failure of your challenge. This means not connecting your account to services such as MyFXBook, since they require users to change their investor password.

Yes. However it’s limited to only BTCUSD, BTCEUR, ETHUSD, and ETHEUR

This is a category that we strive to be transparent on here at 8FigureTrader, and the short answer is no. Traditional prop firms within the forex industry operate under a different model than standard proprietary funding firms that you would typically encounter on Wall Street. Traders that sign up for traditional forex prop firms are not provided with real capital in their MT4 accounts.

While performance commission is paid to a paper trader during the “funded trader” stage, the trade data of funded traders can be monetized and utilized for further benefit by copy trading the data into the firms very own fund. This allows the trader to provide an offering as a “data analyst” to the firm, allowing them to be eligible for commission payouts of 60%, or 90% while providing such services to us, the numbers will change based on the value of each traders trading data, determined by performance and regular commission payouts. 

This trade data is sent off to our offshore entity being established (8FigureTrader Inc.), in which live trading can be legally conducted using advanced risk management techniques.

8FigureTrader Inc does not conduct live trading and is simply meant to be an “evaluator”, and opens the door to commission eligible paper trading accounts to traders providing simulated service as data analysts.

Please note that any reference to a “funded” stage is a funded paper trading account with simulated conditions.

Forex prop firms are usually created under the basis of gamifying trading through a software which rewards traders under simulated market conditions, albeit a similar concept as the real market with amplified potential reward.

When funded, you are provided a simulated-live account, in which your trade data is monitored by our system while you provide service as a data-analyst.

As traders apply a strategy to their accounts in a simulated environment, we filter the data with the goal to apply the best trades of the high performing traders into our own private capital as a part of internal operations, creating a collective trading edge from a broad range of strategies. This is a work forever in progress.

One goal of our research is to monetize the data of profitable/high performing traders and filter out the data of losing traders, thus the reason for our evaluation, risk rules, and program parameters which separate the two. Traders are paid commission as contractors, while we aim to monetize your trade data through internal operations and proprietary risk strategies.

Disclaimer: There is no guarantee that any specific trader will have their strategy used on our private capital. Monetization of trade data is the goal but is only applied to traders at our discretion. By accessing the funded stage, you are providing services as a data analyst under simulated market conditions.