This Funded Trader Independent Contractor Agreement ("Agreement") is made and entered into by and between a proprietary trading firm ("the Funder") and the undersigned independent contractor ("the Trader"), for participation in the QuickTrade.World-funded trading program.
1Nature of Engagement and Term
Trader is engaged as an independent contractor to trade a funded simulated account. This is not an offer of employment. The standard contract term is 30 calendar days, renewable upon written agreement.
2Trading Account Provision
Funder shall allocate a simulated funded account ("Account") to the Trader, subject to the rules and eligibility criteria outlined in this Agreement. Trader shall use this account solely for trading financial instruments pre-approved by the Funder.
3Account Management & Ownership
- All trading accounts remain the property of QuickTrade.World.
- Traders are strictly prohibited from managing accounts for third parties.
- Copy trading, mirroring, or signal passing is not permitted.
4Profit Split and Payouts
- Profit Split: The Trader is eligible for a profit share of up to 80%, depending on the selected funded account type. The remaining percentage will be retained by the Funder.
- First Payout: May be requested after 30 calendar days from the contract start date.
- Ongoing Payouts: Paid within 14 business days of an approved withdrawal request, subject to compliance with all trading rules.
- Payout and Account Reset: Upon approval and processing of a payout request, the Funded Account shall be automatically reset to its original starting balance as specified at the commencement of the account. Any open positions must be closed prior to the payout being issued. All profits realised up to the payout date shall be calculated in accordance with the applicable profit split ratio, and once disbursed, the account equity will revert to the initial account balance.
5Account Types
This Agreement applies to all account types offered by QuickTrade.World, including but not limited to:
- Instant Funded Account
- Single-Phase Evaluation
- 2-Phase Evaluation
- 3-Phase Evaluation
Note: Each account type may have slightly different payout timing, evaluation steps, and performance verification processes.
6Platform Usage & Account Limits
Allocation limits are based on the evaluation type:
- 1-Phase Evaluation
- 2-Phase Evaluation
- 3-Phase Evaluation
- Instant Funding
- Accounts may be merged at the firm's discretion once consistent performance is demonstrated.
- Multiple logins (e.g., travel, IP changes) are allowed, but suspicious activity will be investigated.
7Core Trading Conditions (Funded Accounts)
| Rule | Limit |
|---|---|
| Leverage | 1:30 |
| Max Daily Loss | 3% of starting balance |
| Max Total Drawdown | 4% trailing drawdown |
| Max Daily Profit | 2% of starting balance |
| Profit Target | - |
| Minimum Trading Days | 10 days |
| Trading Period | Unlimited unless stated otherwise |
7.1 Leverage
"Leverage" means the ratio between the trader's account equity and the notional value of positions opened in the trading account. Leverage allows the trader to control a larger market exposure with a smaller capital amount. The leverage level applicable to each account shall be as specified in the evaluation or funded account parameters.
7.2 Maximum Daily Loss
"Maximum Daily Loss" means the maximum amount of equity or balance (including unrealised losses) that a trader may lose within a single trading day, as calculated from the daily starting balance or equity at 00:00 platform time. Exceeding this limit constitutes a breach of the trading rules and results in termination of the account.
7.3 Maximum Total Drawdown
"Maximum Total Drawdown" means the maximum allowable overall reduction in the trader's account equity or balance (including both realised and unrealised losses) from the highest recorded account balance or equity. If this level is breached at any time during the trading period, the account shall be deemed in violation of the trading rules.
7.4 Maximum Daily Profit
"Maximum Daily Profit" means the maximum profit permitted to be realised within a single trading day, as determined by the firm for the purpose of ensuring consistent and controlled trading behaviour. Exceeding this amount may result in review or suspension of trading privileges, depending on the firm's discretion.
Consistency rule (max 2% profit per day). The aim of the rule is:
- To ensure sustainable and disciplined trading, a maximum of 2% profit per day is permitted on all account types.
- The purpose of this rule is to encourage steady performance and prevent high-risk, short-term trading behaviour.
- Traders who exceed this limit may be flagged for review, and repeated violations may lead to disqualification.
- Consistency is evaluated by comparing daily profitability, trade volume, and risk exposure across the trading period.
7.5 Profit Target
"Profit Target" means the specified percentage or monetary gain that the trader must achieve within the trading period to successfully complete an evaluation phase or qualify for a funded account. The profit target must be reached in accordance with all other trading rules and conditions.
7.6 Minimum Trading Days
"Minimum Trading Days" means the minimum number of distinct trading days on which at least one executed trade must occur in order for the evaluation or verification phase to be considered valid. Failure to meet this requirement shall render the trading period incomplete.
7.7 Trading Period
"Trading Period" means the total duration, expressed in calendar days, during which the trader may execute trades under the evaluation or funded account. The trading period begins on the date of account activation and ends upon expiry of the defined term or completion of the applicable phase.
8Trading Rules and Eligibility Criteria
To remain eligible for a funded account and payouts, the Trader must strictly follow the QuickTrade.World Prop Trading Rules.
9Prohibited Trading Activities
Traders must not engage in any of the following:
- Account sharing or third-party access
- Copy trading, trade mirroring, or API abuse
- Holding trades over major news events (unless permitted)
- Use of undisclosed Expert Advisors (EAs) or bots
- Trading any instrument not pre-approved
- High-frequency arbitrage or latency arbitrage
- Tick scalping, toxic flow, or reverse arbitrage
- Trading during platform errors, slippage glitches, or feed lag
10Fraud & Abuse
The following are strictly prohibited and will result in immediate termination:
- Use of stolen payment methods.
- Money laundering or fraudulent funding.
- Collusion between traders.
- Abuse or manipulation of the trading platform.
10.1 Violation Consequences
Violation of any trading rule or attempt to bypass platform safeguards may result in:
- Immediate termination of this Agreement
- Disqualification from profit payout
- Blacklisting from future funded programs
11Trading Practices Allowed
11.1 Hedging
- Internal hedging (within your own account) is permitted within reasonable limits.
- External hedging between multiple accounts, or across brokers, is prohibited.
11.2 News Trading
- Trading around news events is allowed.
- However, latency arbitrage, spread exploitation, or similar unfair practices are strictly prohibited.
11.3 Overnight & Weekend Trading
- Positions may be held overnight and over weekends at the trader's own risk.
- Gap exploitation strategies are not permitted.
11.4 Withdrawals
- Payouts are processed monthly, following standard compliance and verification checks.
12Platform Access and Fees
The Funder will provide the Trader with login credentials and access to the platform.
- No ongoing platform fees post-funding unless stated
- All platform costs and live data access are covered by the Funder
13Confidentiality
Trader agrees to maintain the confidentiality of all proprietary tools, performance metrics, risk systems, or sensitive methods provided by the Funder or QuickTrade.World.
14Intellectual Property
- Trading strategies developed solely by the Trader remain their intellectual property.
- Any indicators, platforms, dashboards, or analysis tools provided by QuickTrade.World remains proprietary to the Funder.
15Marketing & Publicity
Trader agrees that QuickTrade.World may publicly share:
- Their first name or trading alias
- Trading performance metrics
- Country flag or region
- Social media profile (if already public)
This helps promote the funded trader program and inspire new applicants.
16Termination
This Agreement may be terminated:
- By either party with 7 days' written notice
- Immediately by the Funder upon rule violation or misconduct
- Automatically at the end of the funded period, unless renewed
17Governing Law
This Agreement shall be governed by and interpreted in accordance with the laws of the Republic of Botswana. Disputes shall be resolved by binding arbitration within Botswana's legal jurisdiction.
18Entire Agreement
This Agreement represents the full legal understanding between Trader and Funder and supersedes all prior communications or informal arrangements.
19Disclaimer
This Agreement does not constitute a solicitation or offer to engage in trading activity or investment services in any jurisdiction where such activity would be contrary to local laws or regulations. The funded trading account is provided for the purpose of evaluating trading skill and discipline in a simulated environment. No real capital is being invested on behalf of the Trader.
All trading involves risk, and past performance is not indicative of future results. The Funder reserves the right to amend the terms of this program at any time, subject to written notice. Participation in the funded trader program is subject to verification, compliance with the trading rules, and adherence to all terms outlined in this Agreement.