Trader Contract
The Contract Version You Sign Via DocuSign Will Be The Legally Binding Contract. This Version Has Been Provided To Assist You In Easily Reading Through Each Component Of The Trader Contract.
Contract Requirement
This includes the details of the contract you will sign to move to a Trader (semi-live) or ProTrader (live-money) account. Neither this nor the PDF version at the bottom of this page is the one you sign. You will receive a Docusign link to sign the contract when you pass your evaluation.
Account Structure & Maintenance
The plan account sizes, drawdown levels, and daily loss levels chosen during the evaluation will be maintained throughout the account's life as the trader initially set it up. Nothing changes when the account goes live.
Trader Status Progression
Trader Status:
When the trader passes an evaluation account, they achieve "Trader" status.
The Company will open a virtual or live sub-account with synthetic SIMULATED currency at AMP Futures.
ProTrader Status:
After 16 successful payouts, the trader achieves "ProTrader" status.
A live "real money" account will be opened.
The trader and Nexgen must sign a Letter of Direction and Power of Attorney.
Copy Trade Accounts
The Company may (will), at its discretion, set up a copy trade account to mirror trades from the SIM account(s) & ProTrader Live Account(s) at any ratio without notice.
After 16 payouts, a synthetic SIM account may be converted to a live Prop Account, requiring additional paperwork.
No trader can trade a live-funded account without proper paperwork, applications, and compliance approval.
If an account falls below the minimum balance, it will be closed, and data will be terminated if no other active account exists.
Drawdown & Loss Limits
The account will be closed if the trader's account reaches the maximum allowed drawdown or daily loss limit.
Drawdowns remain consistent throughout the account's life, regardless of the profit made.
Trailing drawdown applies only to closed trade balances and trails from the highest "closed-out" profit point.
ProTrader Administrative Fee
Traders must pay a one-time administrative fee (variable per account size; see website for details).
The account becomes live once this contract is signed via DocuSign and payment is completed.
If payment is declined, it must be resolved within 72 hours, or the ProTrader account will not be reactivated.
Professional Status Fee
Traders required by the NFA/CFTC to choose professional status must pay a $115 fee per exchange and will require additional paperwork and fees.
A ProTrader account must remain active and current on billing to receive payouts.
Trading will be prohibited when a ProTrader account drops below its liquidation threshold.
Billing & Subscription Management
Evaluation, copiers, and additional accounts will be billed on a 30-day cycle.
Payments may be processed up to three days before or two days after the previous billing date.
To avoid charges, traders must manage their subscriptions and cancel via the website before renewal.
No refunds (full or partial) will be given.
Technical & Trading Responsibility
Nexgen ProTrader Funding is not responsible for technical issues, outages, data problems, or software malfunctions.
Traders must have backup plans, including internet redundancy, phone apps, and multiple trading platforms.
Once purchased, accounts cannot be increased, adjusted, reset, or replaced.
Legal & Compliance
Traders must provide accurate personal information and update it as necessary.
Traders must use their legal name and cannot transfer account rights.
Traders agree to be independent contractors; USA traders will receive a 1099 tax form.
Trading must comply with local laws; if funding conflicts with local regulations, traders will not be allowed to trade. Please get in touch with Nexgen if you have special circumstances.
Trading Consistency Requirements
Traders must follow a consistent trading strategy, avoiding erratic behavior such as:
Trading maximum contracts inconsistently.
"Flipping" contracts to manipulate trading days using micro contracts.
Seeking windfall trades instead of disciplined, steady trading.
Violations may result in account pauses, warnings, or closures.
Restricted Trading Activities
High-frequency trading (trades lasting < 15 seconds) is prohibited.
News trading on red-flag events (as per ForexFactory.com) is not allowed in live accounts.
Traders cannot be simultaneously long and short on the same contract across multiple accounts.
Profit Sharing & Payouts
Once in a Semi-Live Account or Live ProTrader Account, you can withdraw profits exceeding the plan's drawdown buffer + $100. This drawdown buffer, equal to the max drawdown + $100, will be used to pad the account so that failing the account becomes as difficult as possible. Any withdrawals during the 60-day probation period count as part of your 16 total payouts.
Minimum Payout Rule
The minimum payout request is $500 USD.
You must have at least $500 + $100 above your account buffer to request a withdrawal.
60-Day Probation Period
During the first 60 calendar days on a Semi-Live account, withdrawals are capped based on account size (see table above).
Payouts are available every 8 trading days.
Withdrawals are calculated on profits above the account buffer + $100.
After 60 Days
Withdrawals remain every 8 trading days.
Traders can withdraw 90% of profits above the account buffer + $100.
Profit Consistency Rule
In any 8-day payout cycle, no more than 30% of total profits may come from a single trading day.
If one day makes up more than 30%, no payout will be processed until further trading reduces that day’s weight to 30% or less.
Example If you make $5,000 in one day and little else, you cannot withdraw. To qualify, you need to grow your total profit to at least $16,667 above the account buffer + $100, where $5,000 is 30% or less of the total.
Automation & Algorithmic Trading
Fully automated bots, AI, and algorithmic trading are permitted but typically result in high drawdowns.
High-frequency trading (trades <= 15 seconds) is not allowed.
Semi-automated software is allowed if the trader actively monitors and adjusts trades.
Technology & Trade Tracking
Nexgen ProTrader Funding may track historical trades and require traders to provide charts.
Trades that violate contract rules may be removed from ProTrader balances.
Consistent "flipping" of contracts will lead to denied payouts until consistency is demonstrated.
ProTrader accounts must be traded only by the registered individual.
Account Violations & Enforcement
If the trader violates contract terms, Nexgen will provide a written notice and allow corrections.
Repeated violations may result in denied payouts, account restrictions, or permanent bans.
Windfall-seeking strategies and reckless trading may lead to account closure.
Termination / Closing Of Accounts & Payout Structure Terms
If the trader violates contract terms, Nexgen will close the account, and no money will be paid to the trader.
Repeated violations may result in denied payouts, account restrictions, or permanent bans, which can close the account and prevent the trader from receiving money.
Windfall-seeking strategies and reckless trading may lead to account closure, preventing the trader from receiving money.
Clients wishing to close their trading account before becoming a ProTrader with 16 confirmed payouts will be entitled to only 15% of any profits above the drawdown threshold in the first 45 days. Traders will be entitled to 30% of the earnings above the drawdown threshold after 45 days and before 16 payouts.
Click Below To Download A Copy Of Nexgen ProTrader Funding's Trader Contract.
Note: This is not the version you will be signing; this is a review-only version.
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