What is the Prop Firm copy trading rule at Funded Forex? (Prop Specific)
Traders are ONLY allowed to do the following on Challenge and Funded Accounts:
-Funded Forex account as a master account copying trades outside of Funded Forex.
-Funded Forex account as a slave account receving trades outside of Funded Forex from an account that is owned by the same individual (proof of ownership may be requested).
You are not allowed to copy trades in between Funded Forex accounts wether they are owned by the same individual or other traders.
In addition, the following activities are also prohibited:
-If a significant percentage of a user’s trades closely resemble those of one or more other traders in terms of various parameters such as opening price, closing price, lot size, symbols, etc., Funded Forex employs an automated flagging system to detect such similarities.
When a trader's account is flagged, it undergoes a manual review process. Should this issue be confirmed, Funded Forex retains the right to terminate all associated accounts.
While traders are permitted to use the same Expert Advisor as others, it's crucial for each trader to ensure that their trading parameters are unique to their trading style and account. If traders use the same expert advisor and their trading parameters closely mirror those of others, it will be considered as copy trading.
Funded Forex strictly prohibits copy trading, account management, and "pass your challenge" services. Traders are expected to trade independently.
If traders do not comply with any of these rules, they may receive a formal warning or immediate termination from the Funded Forex platform, depending on the severity of the case.
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