All traders are independent contractors. As such, you must keep your address updated with us to receive your 1099 by January 31st. All U.S. citizens and/or entities must complete a W9 tax form.
Non-US citizens will complete a W8 form, and no other tax reports will be sent.
Please contact your accountant or tax advisor for specific tax advice or questions.
The profit split is 80/20 from day one once you have entered the pre-prop account and successfully satisfied all the qualifications for funding.
Payouts up to $100,000 in profits earned during the qualification are paid out immediately upon successful qualification.
You can have one funded account per asset class. For example, you can have one stock account, one option account, and one futures account.
There is no limit to the amount of money you can make.
There is a $399/month fee to cover trading tech, market data, risk management, and back-office support.
We view the retail trader path as an investment in finding and funding the next trading star.
As described in our initial scaling plan, you will be given real money-buying power. Once you have proven yourself, you can continue to climb the scaling plan ladder to as much as $10 million in buying power.
Once you qualify for funding (in Step 2 of our Retail Trader Funding Path), we’ll make you a scalable funding offer to become a member of our professional proprietary trading firm.
Starting with one of the apprentice-level real-money buying power accounts. And then automatically advancing you to the next level of trading capital as you achieve the agreed-upon profit and performance levels below. As well as other trading and risk rules per your unique strategies we’ll detail in writing.