FAQs

Anyone can enter the program however it is designed for experienced traders who have some degree of trading success and would like to become professional traders. It is not suitable for traders with little experience.

Although the program is not designed for inexperienced traders there can be exceptions! For example; a mathematician might have designed a neural artificial intelligent trading algorithm which he wants to prove in real-time.

There is no cost to join the program other than the normal costs of trading during the process of establishing a trading record. There is of course the risk that the trader loses some or all of his funds from trading. Traders can leave or return to the program at any time.

Qualifying for Funding

If you have no previous auditable track record, then we would usually monitor your trading performance for a minimum of 6 months. Because every trading style has a different risk/reward characteristic it is not possible to provide a prescriptive time scale.

We are actively seeking talented traders and will provide seed funding quickly for those traders with exceptional performance.

It is very difficult to become a professional trader. It is a skill few people have and most who try will fail. That is why the rewards for successful traders are so high.

There are also regulatory hurdles to jump and, following seed money being allocated, the trader is required to be classified as Professional. This mean 2 of the following criteria needs to be met – 1. Client has carried out transactions, in significant size, on the relevant market at an average frequency of 10 per quarter over the previous four quarters; (2) Size of the clients financial instrument portfolio, defined as including cash deposits and financial instruments, exceeds €500,000 and (3) Client works or has worked in the financial sector for at least one year in a professional position, which requires knowledge of the transactions or services.

Usually this is not possible because we have no way of knowing how many accounts a trader might have and perhaps we are only being showed the most successful account. On rare occasions we might consider a fully audited account. We will however, in the case of exceptional trading performance, consider fast tracking funding for a trader on the basis of his performance elsewhere.

All traders joining the program are required to open a new account which we can monitor in real-time.

No because trading on paper is very different to trading with real money. The psychology of trading when you have nothing to lose is very different to being in the real market risking your own funds.

No because trading on paper is very different to trading with real money. The psychology of trading when you have nothing to lose is very different to being in the real market risking your own funds.

No, any losses made on trades using seed funding are the liability of Fixi only. We do reserve the right however, to remove seed capital if trading performance is not maintained.

Yes. If you open an account to demonstrate your trading ability under the Fixi Select Program you are responsible for any losses.

If a trader meets our trading performance criteria they can receive $500,000 in seed capital. In some situations, a trader might be more comfortable moving at a different pace and in those cases we might provide $100,000 or less as a starting base.

Traders earn 25% on fresh profits which is paid quarterly and can be withdrawn on demand. Seed capital cannot be withdrawn.

 

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