NexGen Futures Trader’s IFA to Live Funded Accounts Program
At NexGen Futures Trader, our mission is to identify and fund talented traders who demonstrate consistent profitability in the markets. This document outlines the key aspects of transitioning from a Instant Funded Account to a Live Funded Account and the associated terms and conditions.
1. Transition to Live Funded Account
1.1 Eligibility: After completing 4 successful withdrawals from your Instant Funded Account, or once you have qualified for a payout (even if the withdrawal has not yet been requested or you have chosen not to take it), you will automatically be transitioned to a Live Funded Account. Additionally, NexGen Futures Trader may, at its discretion, transition a trader to Live earlier if deemed appropriate.
1.2 Process: Upon meeting the eligibility requirement of 4 successful withdrawals, NexGen Futures Trader will transition your account to live market trading. From this point onward, you will operate a Live Funded Account.
1.3 Trade Execution: Once transitioned to a Live Funded Account, all trades will be executed in real-time using NexGen Futures Trader’s capital. Your trading will directly impact your earnings, and NexGen will provide the capital for your trades. Any losses incurred in the Live Funded Account will be deducted from your account balance. If your account balance reaches zero, your account will be subject to liquidation.
2. Platform Requirements
2.1 Primary Platform: You must use a platform as determined by NexGen, along with the live market data feed provided. This platform is mandatory, and you cannot replace it with another data provider’s feed.
2.2 One Login Per Trader: NexGen Futures Trader will provide you with only one login for the live platform account. This ensures that the trader is the sole operator of the account and maintains exclusive control over all live trading activity.
2.3 Alternative Software: You may use alternative trading software of your choice, provided it meets NexGen Futures Trader’s technical standards and is fully compatible with the data feed from the platform.
3. Benefits and Requirements
3.1 Withdrawals: You are allowed one payout request per day, with a minimum withdrawal amount of $300.
3.2 Payment Method: Withdrawals will be processed via SWIFT or ACH, subject to verification.
3.3 Account Balance: Your account balance must remain positive at all times. If your balance falls below a level set by NexGen, your account will be subject to liquidation, and all positions will be closed.
3.4 Daily Loss Limit: The daily loss limit will be determined by NexGen at its discretion.
3.5 Trading Rules: Upon transitioning to a Live Funded Account, the consistency rules that applied during the Simulated Funded Account phase will no longer apply. This provides more flexibility in your trading strategy.
4. Broker Compliance and Account Management
4.1 Account Limit: Each trader is permitted only one active Live Funded Account at any given time. If you hold multiple Simulated Funded Accounts, these will be consolidated into a single Live Funded Account upon transition.
4.2 Balance Transfer: Any excess balance from your Simulated Funded Account, above the initial starting capital, will be transferred to your Live Funded Account when the transition occurs.
4.3 Documentation: To qualify for a Live Funded Account, you must provide standard Know Your Customer (KYC) and identification documents, including proof of identity and residence, as required by our exchange-approved broker. NexGen has no involvement in the approval process for a Live Funded Account, this decision rests solely with the broker.
4.4 Approval Process: The process for approval of your Live Funded Account generally takes up to 5 days, during which your KYC documents will be reviewed.
4.5 Account Denial: If you fail to meet the KYC requirements, you will not qualify for a Live Funded Account, and you will be required to close your account. If your account is denied for legal reasons, your account will be frozen, and no further payments or withdrawals will be processed.
5. Profit Sharing
5.1 Structure: NexGen Futures Trader operates a 90/10 profit-sharing structure, 90% of future profits will go to you, and 10% will go to NexGen Futures Trader.
5.2 Application: This profit-sharing model applies to all revenues whether from your Simulated Funded Account or Live Funded Account.
6. Copy Trading Rights
6.1 NexGen’s Rights: Upon transitioning to a Live Funded Account, or at any earlier stage deemed appropriate by NexGen Futures Trader, NexGen reserves the irrevocable right to replicate, duplicate, or mirror your trading activity for its proprietary trading purposes. By purchasing a plan, you automatically grant NexGen the right to use your trading strategies, methods, and executions in its own operations. If you do not grant these rights, you may not be eligible to purchase a plan.
6.2 Compensation: NexGen Futures Trader will not provide any compensation beyond the agreed profit split for the use of your strategies in its proprietary trading.
6.3 Intellectual Property: You will not hold any intellectual property rights over the trading strategies or methods that NexGen Futures Trader may use as part of its proprietary trading.
6.4 Non-Acceptance: If you choose to refuse or withdraw consent for NexGen Futures Trader to engage in copy trading, we reserve the right to close your Live Funded Account. You will be given 5 business days’ notice to comply or withdraw consent before your account is closed. In such cases, any pending earnings or withdrawals will be forfeited.
7. NexGen Futures Trader Business Model
7.1 Mission: At NexGen Futures Trader, our mission is to identify and fund talented traders who demonstrate consistent profitability in the markets.
7.2 Transition Significance: Moving from a Simulated Funded Account to a Live Funded Account represents the culmination of our efforts to find successful traders. This transition signifies that you have proven your ability to perform in a simulated environment and are now ready to operate in a live market.
7.3 Revenue Generation:
- (a) NexGen Futures Trader generates revenue by copy trading your strategies for its own proprietary trading.
- (b) The profit-sharing model allows NexGen Futures Trader to recover the payouts provided during the simulated trading phase.
7.4 Risk Approach: This business model is built around taking calculated risks by investing in promising traders like you. We understand the risks involved in trading and invest in those who demonstrate potential profitability. NexGen reserves the right to stop further funding if a trader’s performance falls below a defined threshold, as outlined in our performance criteria.
7.5 Mutual Benefit: Our business model fosters a mutually beneficial partnership. We invest in you by providing capital, and in turn, we share in the success that we help you achieve.
7.6 Partnership: NexGen Futures Trader strives to create a strong, long-term partnership with our funded traders, based on mutual benefit and aligned goals.
8. Legal Considerations
8.1 Dispute Resolution: All disputes will be resolved in accordance with NexGen Futures Trader’s dispute resolution policies, which include mediation and arbitration. These policies, including applicable jurisdiction, are detailed on our website.
