# Trader Contract

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### **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.&#x20;

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### **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.

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### **Trader Status Progression**

1. **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.
2. **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.

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### **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.

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### **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.

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### **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.

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### **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.&#x20;
* 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.

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### **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.

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### **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.

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### **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.&#x20;

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### **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.

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### **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.

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### **Profit Sharing & Payouts**

1. **Payout Structure:**
   * Before 16 payouts, traders receive 90% of profits until 16 payouts are achieved.
   * After 16 payouts, traders receive 100% of the profits.
2. **Withdrawal Requirements:**
   * Payouts require at least **eight separate trading days** per request.
   * Balances cannot have more than 30% of profits from a single trading day.
   * Minimum and maximum payout limits apply for the first 60 days.

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### **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.

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### **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.

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### **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.

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### 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.&#x20;
* Windfall-seeking strategies and reckless trading may lead to account closure, preventing the trader from receiving money.&#x20;
* 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.

*<mark style="color:yellow;">**Note:**</mark>* This is not the version you will be signing; this is a review-only version.

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