ALL FUNDING PROGRAMS FAQS

GETTING STARTED

WHO CAN BE FUNDED BY Banq Level Funding?

  1. The Traders can be anyone who is above 18 years.
  2. Any Trader from any nationality (Europe, North America, South America, Africa, Asia, Australia, & New Zealand) can join, excluding clients from the following countries: Syria, North Korea, Cuba, & Iran.
  3. The funded accounts are available for individual traders to trade the Banq Level Funding´s capital.
  4. The Funded Models is not designed for large organizations, a group of individuals, or copy traders.
  5. The Funded Trader must have at least some experience with forex trading terms, such as the difference between Market Orders, Limit Orders, and Stop Orders, Market Open and Closing Hours, Economic Calendar and News Releases, Flexible and Fixed Spreads, Overnight Rollover Time, Commissions, Overnight Swaps, Pip, Point Value, Lot Size, Stop Loss, Take Profit, Market Order, Stop Order, Limit Order, Ask, Bid, Relative Drawdown, Absolute Drawdown.
  6. The Funded Trader must also demonstrate adequate trading skills.
  7. The Funded Trader must understand the terms and conditions of funding before signing up for any funding plans and their minimum requirements.
  8. The funded trader must adjust their risk exposure to match the requirements of the Funded Trader Program before starting to trade with CTI’s capital.

MARKET GAPS & SLIPPAGE

  1. Sometimes, during very illiquid periods, the markets can gap significantly. Any orders placed at prices with no quotes will be filled at the next available price. This may result in opening the trade at a less favorable price.
  2. Slippage can occur at any time but is mostly relevant during periods of high volatility when market orders are executed. This can also happen when a large market order is executed, but there isn’t enough volume at the chosen price to execute the trade at the current market price. Slippage can occur when there is a delay between the trade being ordered and when it’s completed. Therefore, Banq
    Level Funding does not guarantee to pay the profit for trades where significant slippages occur on Banq Level Funding main liquidity trading accounts.

SPREADS & COMMISSIONS

  1. The spreads we use are very competitive, and it is usually 0.1 pips for EURUSD on average.
  2. Different market conditions and liquidity can cause spreads to vary accordingly. At high volatility events, such as during high-impact economic releases, the spreads can widen.
  3. At the end of each day, between 10 PM & midnight UK Time, the banks move vast amounts of orders from the current day to the following day while there is less liquidity. This may cause spreads to be significantly increased. Therefore, it is advisable to widen stop losses during these times to avoid unwanted execution of nearby orders due to technicalities.
  4. The commission is fixed at $2.25 per lot per side for FX and Commodities and $0.225 per lot per side for indices on the Classic and Instant funding and phase 1 and 2 of the challenge . 5. The commission is fixed at $2.75 per lot per side for FX and Commodities and $0.275 per lot per side for indices once funded on a PM Account or challenge phase 3 live account.

Termination From Our Firm

  1. The termination of the from our Live Heist Crew ( Being Funded ) can occur due to the trader’s inability to adhere to the terms and conditions of our firm and of the funding model chosen.
  2. The termination of the Live Heist Crew Agreement may occur for any of the following reasons:
    1. Reaching the Max Drawdown $ relevant to the Funding Model the funded trader signed up with.
    2. 30 calendar days of no trading activity on any Funding Model without official written notice to our support team ( support @banqlevelfunding.com )
    3. The misuse or abuse of our Funding Models.
    4. The use of our Funding Models for any other purpose than the authenticity of the individual trading.
    5. Performing prohibited trading activity, such as High-Frequency Trading, Ultra-Fast Scalping, Latency Arbitrage Trading, any Tick Scalping Strategies, any Copy Trading of other person’s signals ( that means no signal programs you should be taking signals from or setups all trades should be of your own ), any Reverse Arbitrage Trading, any Hedge Arbitrage Trading, any use of emulators,
    and Martin Gale Style EAs.
    6. Group Trading (manually or using the same EA by one individual on more than 2 accounts or by multiple individuals on multiple accounts).
    7. Social Trading, Copy Trading from other traders, and any mirrored trading activity.

TRADING STYLES & EAS

  1. Trades Duration: scalp, day trading, and swing trading.
  2. Weekend Trading: Any trades can be left open on weekends without restrictions.
  3. News Trading: Trading during all low, medium, and high-impact news without any  restrictions is allowed.
  4. EA: EAs are allowed except the EAs of: Martin Gale, High-Frequency Trading, Ultra-Fast Scalping, Latency Arbitrage Trading, Any Tick Scalping Strategies, Any Reverse Arbitrage Trading, Any Hedge Arbitrage Trading, and Any use of emulators are not allowed. Using any of the EAs mentioned above will cause immediate termination of the account.
  5. Copy Trading: Any Copy Trading of other people’s signals, Group Trading with other individuals, or funded account management services are not allowed. Any Copy Trading activity mentioned above will cause immediate termination of the account. However, you can copy trades from your personal account to our account, provided that you can supplement proof to us.
  6. Stop Loss: the Banq Robber ( Funded Trader ) must use a stop loss on every trade as soon as possible. Failing to do so will cause the termination of the account.

LIST OF TRADABLE ASSETS: FOREX, GOLD, & INDICES

  1. Majors: EURUSD, GBPUSD, NZDUSD, AUDUSD, USDCHF, USDCAD, USDJPY.
  2. Minors : EURGBP, EURNZD, EURAUD, EURCHF, EURCAD, EURJPY, GBPNZD, GBPAUD, GBPCHF, GBPCAD, GBPJPY, NZDAUD, NZDCHF, NZDCAD, NZDJPY, AUDCHF, AUDCAD, AUDJPY, CADCHF, CADJPY, CHFJPY.
  3. Commodities: Gold, Silver, Oil.
  4. Major Indices: S&P500, US30, US100, DAX, UK100, F40, JP225,STOXX50,AUS200.

What Is Definitely Not Allowed

  1. The Banq Robber ( Funded Trader ) must not use the name of another person on one or more funded accounts.
  2. The Banq Robber ( Funded Trader ) must not duplicate trades and orders using copy/social trading service providers. However, the Banq Robber ( Funded Trader ) can copy their other personal accounts into a Banq Level Funded Account.
  3. The Banq Robber ( Funded Trader ) must not open accounts in other people’s names.
  4. There is no limit on the number of challenges, or evaluations that can be pursued simultaneously.

General Terms & Conditions

  1. Each Funded Trader must manage their positions and apply the required measures according to the terms and conditions specified. The Banq Robber ( The Funded Trader ) must not max out on leverage on any single trade. In case of entering a trade when maxed out on leverage or an unusual volume size to the entry, that trade will not be counted towards the trader’s profit target. This is to ensure responsible risk management practices.
  2. Banq Level Funding will supply Banq Robbers with its own trading capital.
  3. Banq Robbers will not be liable for any trading losses that may incur during the Funded Trader Program.
  4. The Banq Robber must act responsibly while trading with Banq Level Funding during the Robbery ( The Funded Program ) to avoid any severe losses on the funded account as you are trading our companies capital.
  5. If the Banq Robber does not comply with the terms and conditions, Banq Level Funding has the right to terminate the Banq Robber´’s account and disqualify them from the Funding Model chosen.
  6. The Banq Robber ( Funded Trader ) must not give access to the Funded Account or Challenge Account to any 3rd parties. Doing so will lead to the termination of their account and this agreement we will use software and other techniques to monitor the account.
  7. The Banq Robber ( Funded Trader ) can always apply again if they wish to comply with the terms and conditions during their enrollment in our Banq Robbery Models ( Funding Models ).

GETTING STARTED

Account Growth

We x5 your account balance when reaching the target to join the 1st Bank Robbery Level and then x2 your most recent Bank Robbery Level account at every 10% eligible net profit achieved up to $2,000,00 in funded capital per account & max capital allocation of $4,000,000 per trader.

Profit Share

Profit Target Reach: 35% will be paid to the trader from achieving the profit target

BR Level 1: 50%
BR Level 2: 60%
BR Level 3: 70%
BR Level 4: 78%

BR LV1 Withdrawals

The 1st withdrawal can be requested after 10 Active Trading Days. Any subsequent withdrawals can be requested during the last 5 days of each calendar month.

BR LV2 Withdrawals

Withdrawals can be requested twice a month on BR LV2 on the 10th and 25th of each calendar month.

BR LV3 and higher levels

From BR LV3 and higher, withdrawals can be requested Weekly, every Friday.

GETTING STARTED

What Is the Bank Finesser Funding Model?

It’s a 2-step funded account challenge for short-term traders with a higher risk appetite. We have developed this funding program with the potential for consistently profitable traders to stay with Banq Level Funding long term. Our Funding Program Challenge will help trades become full-time funded traders by offering them the opportunity to join our hedge fund after 8 months of consistency and even more capital allocation than $4million.

Am I eligible for a free retake?

We offer a complimentary one-time retake, provided you fulfill these criteria:

  1. Your Phase 2 account has expired.
  2. You are in net profit during Phase 2.
  3. You have not breached any of the challenge rules.

To claim your free retake challenge, please send an email to support@banqlevelfunding.com

Do You Refund The Challenge Fee?

Yes we do, we refund, 50% of your challenge fee once funded once you pass your challenge and qualify for your first payout.

What is the starting day of the challenge?

The challenge begins the day you receive your credentials.

How Many Challenges Can I Have?

While there is no restriction on the number of Challenge accounts, we permit a maximum of 2 live accounts per trader.

What Is The Max Funded Capital Per Trader?

Each account’s maximum increase is limited to $200,000. Therefore, the maximum funded capital per trader is $400,000.

Can I Merge Accounts?

Account merging is allowed when you reach Phase 3. However, merging accounts is not permitted during Phases 1 and 2.

Do I have to stay the full 45 days to complete the challenge?

No. The 45 days is the max time allowed per challenge. You will move to the next step as soon as you meet all the other challenge objectives, given there are no violations.

Can I extend the Challenge Time?

We Provide an unconditional time to complete each challenge which we believe is enough time to complete the challenge compared to other programs.

Profit Share & Scaling

What Is Profit Share?

Once you become Bank Finesser Funded, you will start with an 50% profit share, Once you scale up the 1st time and reach Tier 1, your profit share increases to 62%, And once you scale up 3 times, you will start receiving a 70% profit share. That’s correct – 70% on your profit made with our capital. At this stage, you can use this account as a substitute for your personal account.

Challenge Rules

  1. What Happens If I Violate The Rules?
    The 2 main rules you need to be aware of that get you disqualified immediately are (1) The Max Daily Drawdown and (2) The Max Absolute Drawdown. To have max transparency, we have an automated system that will close all your open trades and freeze your account immediately once one of the rules above is breached. Only account reviews are done manually.
  2. How Is The Max & Daily Drawdown Calculated?
    On any given day, the Maximum Loss must not be equal to or exceed the value of 5% of the initial account balance.
    MDD = 5% x Initial Account Balance
    And your Daily Stopout Level “DSL”, would be
    Daily Stopout Level “DSL” = Start of Day Account Balance – (5% x Initial Account Balance)
    The Max Daily Drawdown includes any swaps, commissions, and spreads.
    The Max Daily Drawdown resets every day at Midnight Broker’s Time.
    For example, Let’s assume
    ● You started with a $50K Challenge with an initial account balance of $50,000.
    ● On day 3, your account balance was $54,000
    On that same day,
    ● your Max Daily Drawdown “MDD” would be $50,000 x 5% = $2,500.
    ● Your Daily Stopout Level “DSL” would be $54,000 – $2,500 = $50,000.
  3. How Is The Max & Daily Drawdown Calculated?
    Refund Policy
    1.) Banq Level Funding does not refund any sign-up fee unless otherwise stated in promotion.
    2.) The sign-up fee is not a deposit into a trading account of any kind.
    3.) Banq Level Funding charges only a One-Time fee to cover the trading costs the funded trader

GETTING STARTED

Account Growth

x2 of the most recent Direct Funded Account balance at every 10% eligible net profit achieved up to $2,000,000 in funded capital per account & max capital allocation of $4,000,000 per trader.

Profit Share

BR Level 1: 50%
BR Level 2: 60%
BR Level 3: 70%
BR Level 4: 78%

BR LV1 Withdrawals

The 1st withdrawal can be requested after 10 Active Trading Days. Any subsequent withdrawals can be requested during the last 5 days of each calendar month.

BR LV2 Withdrawals

Withdrawals can be requested twice a month on BR LV2 on the 10th and 25th of each calendar month.

BR LV3 and higher levels

From BR LV3 and higher, withdrawals can be requested Weekly, every Friday.

GETTING STARTED

Account Growth

Individuals can x2 their account size every time their current account is 11% in profit, all The Trader has to do is contact support and ask us to use the 11% profit to upgrade the account. Once User reaches $5,000,000 in funding from scaling we then give the individual the option to have a second account from our firm 100% on the house that will start at 95/5 profit share.

Are EA´s Allowed?

EA´s are only allowed upon approval from the Admin team if an EA is caught on account that was not approved or the EA itself not approved that account will be terminated.

Profit Share

$1,000,000 Account Owners can withdraw profits at anytime once account is
10% in profit
70% profit share first month
75% profit share 2nd month ( must have withdrawn in the first month )
80% profit share 3rd month ( must have withdrawn in the 2nd month )
85% profit share 5th month ( must have withdrawn in the 3rd-4th month )

Account Management

Yes we allow account managers for this model on approval, if you are inquiring on becoming an account manager please email jd@banqlevelfunding.com.

If you are a client looking for an account manager, after you purchased your funded account send us an email with your order # to jd@banqlevelfunding.com and we will send you a list of our approved account managers.

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