If the rule isn't in our Terms & Conditions, you are in the clear.

The rules apply to both Evaluation and Live accounts.

Unlike other prop firms, there are 0 hidden rules. All parameters for the evaluation and the live account are the same and found on this page.

Please make sure to take the time to read every rule below. We are building a firm that focuses on your success, part of that is bringing on traders that understand exactly how we operate.

There are only 3 ways to breach and lose an account, please read below for more details:

1. Maximum Drawdown Rule [full details under "MAXIMUM DRAWDOWN"]
2. Daily Loss Rule [full details under "5% DAILY STOP"]
3. Inactivity of 30 days (if you do not place a trade at least once every 30 days on your account, ThinkMarkets / FCW will consider the account INACTIVE and the account will be breached. To maintain active status, placing a 0.01 lot trade and closing immediately will work.

Unlike other firms, FCW does not look for reasons to negate payouts. We pay what is due, even if an account is breached.

If you have gains in your funded account at the time of a hard breach, you will still receive your portion  of those gains. 

Example: You have a $100,000 live account and you grow that account to $120,000. Should you then breach the 5% daily max drawdown (-$6000), we would close the account. Of the remaining $14,000 in gains in your funded account, you would be paid your portion thereof.

Challenge: Once your payment is processed (usually 15-30 minutes), details will automatically be sent to your email from admin@foundercapitalwebinar.com. If you do not receive your credentials after 1-2 hours, please use the Contact Us feature on our website and we'll make sure to get your account resent.

Live Account: Upon passing your Assessment, you will receive an email from admin@foundercapitalwebinar.com with instructions on how to access and complete your Trader Agreement. Once the agreement is completed and supporting Know Your Customer documents provided, your live account will be created and issued to you typically within 24-48 business hours.

If you do NOT receive an email, it is likely that the spam filters on your email stopped our email from coming through, so please check your spam folder - and if you still haven't received it, please reach out to us using the Contact Us and we will take care of you.

Credentials and links will be sent directly to your email along with downloads to the trading software immediately after payment is processed (usually 15-30 minutes). You can also access the Trader Dashboard using the Login tab above.

The Daily Stop Loss is the maximum your account can lose in any given day.

Daily Stop Loss is calculated using the previous day balance which resets at 5 PM EST. Unlike other prop firms, we do NOT base our calculations on previous day equity since the balance only model allows you to scale account gains without fear of losing your account. The Daily Stop compounds with the increase in your account.

Example: if your prior day's end of day balance (5pm EST) was $100,000, your account would violate the daily stop loss limit if your equity reached $96,000 during the day. If your floating equity is +$5,000 on a $100,000 account, your new-day (5pm EST) max loss is based on your balance from the previous day ($100,000). So, your daily loss limit would still be $96,000.

Unlike other firms, our Maximum Drawdown does NOT trail. Our max drawdown is static and calculated ONLY on initial Balance.

For example, on a single phase $100,000 account, the account can only be breached if it goes below $94,000 (6%). So if your balance grows to $107,000 on a $100,000 account, the Max Loss is still $94,000 (6% from the original balance).

‍Important Note: the Max Loss moves to the initial balance after the first withdrawal - incentivizing our live traders to compound and grow their accounts before withdrawing huge earnings (please see below example).

‍Example: If you have a Live 2 Phase $100,000 account, the Max Loss Breach level would be $90,000 (-10% of the initial balance). If you then traded your account up to $115,000, the Max Loss Breach level would still be $90,000. If you then withdrew $10,000, upon your first withdrawal, the Max Loss locks in at the ORIGINAL account balance.

So after withdrawing $10,000, your account will have a balance of $105,000 and the breach level is now $100,000, meaning you now have a buffer of $5,000. Similarly, if you withdrew the full $15,000, your account balance would now be $100,000 which is also the BREACH level, meaning you would lose your Live account.

Further Example: If you continued to compound your 2 Phase $100,000 all the way to $150,000, the Max Loss Breach Level is still $90,000. However, if you then withdrew $25,000, the Max Loss will lock in at $100,000, meaning you would now have $25,000 as a buffer (Max Loss).

We have included this rule to incentivize our Live traders to compound their accounts, ensuring that they have a hefty buffer, can pay themselves out as they see fit, and continue trading with FCW as a FCW Live member.

For purposes of managing risk and minimizing transaction costs, we may offset or negate market risk and act as the direct counterparty to certain trades initiated in the Account. Such trades are executed at prices provided by the Broker. This framework is intended to ensure you receive real market execution on your trades, while simultaneously allowing us to manage risk dynamically by routing existing positions or future orders to third parties for execution as we deem appropriate. We believe that such real market execution and dynamic risk management would not be possible or as cost-effective if trades were executed in simulated accounts.

Regardless of whether we act as a counterparty to your trades, the gain or loss on your Funded Account is not calculated differently. However, when we act as the counterparty to your trades, there is an inherent potential conflict of interest because your trades do not result in net gain or loss to us, as your trades would if we were not the direct counterparty.

Your first withdrawal can be requested at any time. Thereafter, you can request a withdrawal of the  gains in your account every 30 days.

When a withdrawal is approved, we will also withdraw our share of  the gains, and your max drawdown will lock in at your starting balance.

The Maximum Drawdown does not reset when you request a withdrawal.

Example:
You have taken an account from $100,000 to  $120,000 and have 75% profit share. You then request a withdrawal of $16,000. In this scenario, you will receive $12,000 and we would retain $4,000. This would also take the balance of the account down to $104,000, and your  Maximum Drawdown is locked in at $100,000. So, you would have $4,000 maximum you could lose on  the account before it would violate the Maximum Drawdown rule.

If you take a full withdrawal of the  gains in your funded account, the Maximum Drawdown will still lock in at the starting balance and will therefore result in the forfeiting of your Funded Account, as your balance will trigger the Maximum  Drawdown breach rule. 

Weekend holding and trading are available as an add-on for all accounts.

Unless you paid for the upgrade (available on the checkout page when you select an Evaluation above - we require all trades to be closed by 3:45 pm EST on Friday. Any trades left open will be closed automatically from our end. This is NOT considered a violation and you will be able to continue trading your account at market re-open.

Expert Advisors:
EA’s, Copy Traders, Scripts are all allowed, subject to our policy on Prohibited Trading in the FAQ below.
‍
Copy trading from personal accounts is allowed, from 3rd parties disallowed.

News Trading:
Positions can be held through news, but opening new positions within 3 minutes before or after a News Event is prohibited.

If FCW determines that trading has, in fact, occurred during the News Event. Any traders identified as having trading during a News Event during the challenge phase are subject to having those trades removed, having the leverage on their account reduced or having their account breached altogether. FCW has sole and absolute discretion in determining what constitutes a News Event.

You will have access to the same balance as the challenge account you passed.

If you traded with $100,000 in the challenge, you will also trade with $100,000 in the FCW Live Account.

Upon successful completion of the Assessment, we grant you access to a live account, supported by our own capital.

It's important to note that the capital allocated to your Live Account is notional, which means it may not align precisely with the amount of capital held with the Broker.

A Live Account is considered notionally funded when there is a variance between the actual funds within the account (i.e., the equity in a Live Account represented by the capital amount) and the nominal account size (i.e., the size of the Live Account that sets the initial account value and trading level).

Notional funds are essentially the difference between the nominal account size and the actual capital within the Live Account.

It's worth mentioning that the use of notional funding has no impact on your trading level or the way your account operates. The account will trade in the same manner as if notional funds were not in use. This includes adherence to the same conditions and rules governing soft breaches, hard breaches, Daily Loss Limit, Max Drawdown and position limits.

There are 3 ways to lose an account: Daily Stop Rule, Maximum Drawdown Rule, or after an inactivity period (not opening or closing a trade) of 30 days.

Additionally, traders are required to understand our "prohibited practices" that may result in a hard breach of account. Please refer to the FAQ section "Prohibited Trading Practices" below.

While there are no minimum trading days, you need to maintain an active account by trading at least once every 30 days.

You are permitted to take 1 EVALUATION at a time. With regard to the concept of ‘limits’ this is where we stand at present:

‍$2 million max per person (can be made up of multiple assessments, provided none are same size at the same time).

$2 million max per strategy/EA (can be made up of multiple assessments, provided none are same size at the same time).

‍Note: This applies to “off-shelf” EA’s (EA’s purchased from the market and used by many) We are seeking to fund independent and unique strategies, not 1 that is the exact same across the board.

There is NO limit to how many accounts you may have (as long as it’s within the $2 million limit). We provide prop firm funding and there is NO limit for compounding. Up to $2 million of initial funding, then grow the account to any balance you desire – yes, even $10 million, $20 million, and so on.

You can trade any products the Broker offers, as such products may change occasionally. This includes FX pairs, Metals, Indices, and Cryptocurrencies.

Click to view current list of products

Single Phase Leverage
Forex & Metals 1:20
Indices 1:10
Commodities 1:5
Crypto 1:2

‍2 Phase Leverage
‍Forex & Metals 1:50
Indices 1:10
Commodities 1:5
Crypto 1:2

We use the RAW accounts from the Broker. These accounts have commission charges for Forex. The other products do not carry a commission.

Currently, all accounts are opened with our broker. Trading platform download link will be made accessible to you and sent to you with credentials after your payment is processed (15-30 minutes) and will also be accessible once logged into the dashboard.

We offer a choice between MatchTrader, DXTrade, and CTrader (non-US residents)

Subject to compliance with applicable laws and regulations, traders from all countries, excluding OFAC listed countries, can take part in our program.

You are also restricted from employing any trading strategy that is explicitly forbidden by FCW or the Brokers it partners with. Such prohibited trading, referred to as "Prohibited Trading," encompasses, but is not limited to:

Exploiting errors or delays in the pricing and/or platform(s) provided by the Broker.

Utilizing non-public and/or insider information.

Front-running trades executed elsewhere.

Engaging in trading that jeopardizes FCW's relationship with a Broker or could lead to trade cancellations.

Conducting trading that results in regulatory issues for the Broker.

Using any third-party strategy, off-the-shelf strategy, or one marketed for challenge accounts.

Employing one strategy to pass an assessment and subsequently switching to a different strategy in a live account, at the discretion of FCW.

Utilizing Martingale or any average-down trading strategies, which are often not indicative of consistently profitable trading practices.

Attempting to arbitrage an assessment account with another account held with the Company or any third-party company, as determined solely by FCW.

If FCW identifies that your trading falls under the category of Prohibited Trading, your participation in the program will be terminated, possibly including the forfeiture of any fees paid to the Company. Moreover, prior to granting a live account, FCW and the Broker will review the Trader's trading activity under these Terms and Conditions to determine if it constitutes Prohibited Trading. In instances of Prohibited Trading, the Trader will not receive a live account.

Furthermore, FCW retains the right to disallow or block any Trader from participating in the program for any reason, at the Company's sole and absolute discretion.

To view all Prohibited Uses, please review our Terms and Conditions.