XLTRADE ACCELERATED ACCOUNT
XL20 ACCOUNT TOP-UP
DAILY PROFIT PAYOUT
XLTRADE ACCELERATED MARKET ACCESS | AMA
Below we describe the procedure of how to trade on an XLTRADE Accelerated Account.
XLTRADE provides Direct Market Access by means of its Advanced AMA Technology.
XLTRADE acts as a funding provider (funded account).
XLTRADE utilizes a Raw Spread Model on all tradable instruments.
Low Commissions on all Account levels.
A trader may utilize a maximum Leverage of 1:500.
ACCOUNT TOP-UP | ACCELERATION CAPITAL
XLTRADE tops up a trader's deposit by a Factor of 20 (XL20).
If a trader makes a deposit of $ 5,000, XLTRADE adds $ 95,000 to the Account Deposit (XL20).
A trader may maximize his/her profit potential by exploiting the maximum leverage (1:500) based on the Accelerated Capital provided by XLTRADE.
If a trader deposits $ 5,000 and receives the top-up of Factor 20 by XLTRADE ($ 95,000)
a trader trades on a Live Account of $ 100,000. To increase the profit potential, the trader may exploit the leverage based on the $ 100,000 Account.
The trader receives the Acceleration Capital (Account Top-up) immediately once the Account is activated by XLTRADE.
The trader may trade on Accelerated Accounts as follows:
USD 500 | USD 10 000 (XL20)
USD 1 000 | USD 20 000 (XL20)
USD 2 000 | USD 40 000 (XL20)
USD 5 000 | USD 100 000 (XL20)
USD 10 000 | USD 200 000 (XL20)
USD 20 000 | USD 400 000 (XL20)
Higher amounts on request
NUMBER OF ACCOUNTS
A trader may open and maintain accounts of any level without limits. However, XLTRADE at its sole discretion is entitled to limit the number of accounts of a trader or reject traders from account opening.
RELEVANT TIME ZONE
The relevant time zone for all trading is GMT.
ACCELERATED ACCOUNT SUMMARY
XLTRADE ACCOUNT TOP-UP FACTOR TWENTY | XL20
PROFIT SHARE HUNDRED PERCENT | 100%
PROFIT PAYOUT DAILY
PROFIT ACCUMULATION UNLIMITED
STRATEGY RESTRICTION NONE
LOT SIZE RESTRICTIONS NONE
STOP-LOSS REQUIREMENT NO
AUTOMATED TRADING YES
POSITIONS OVERNIGHT YES
POSITIONS OVER THE WEEKEND YES
TRADING ON NEWS EVENTS YES
The Profit Accumulation on an Accelerated Account is unlimited.
INCREASE OF DEPOSIT
At any time, the trader may increase his/her deposit (minimum $ 1,000). In the event of an increase, the trader receives the Account Top-up by factor 20 (XL20). However, XLTRADE at its sole discretion is entitled to reject the increase of the initial deposit.
The profit share on an Accelerated Account is one hundred percent (100%).
PROFIT WITHDRAWAL LOCK-UP
To take advantage of the XLTRADE Account Top-Up, any profit withdrawal is locked up for thirty (30) calendar days from the date the trader has commenced trading on the Accelerated Account.
The trader may request his/her profit withdrawal daily starting from the date the Withdrawal Lock-up Period has ended.
Withdrawals may be made via bank wire and Crypto. Upon withdrawal request, the trader will be asked to provide bank details or a Crypto link.
The trader is entitled to request profit withdrawals daily generated from his/her initial deposit and the Acceleration Capital provided by XLTRADE (XL20).
The trader is required to submit the withdrawal request to XLTRADE two (2) calendar days before the Withdrawal Day.
In the event, that the trader requests the withdrawal of his/her profits, all positions/orders must be closed/deleted EOD (End of Day) on a Withdrawal Day.
If the trader maintains open positions/orders at the end of a Withdrawal Day, the withdrawal request may be denied.
MINIMUM TRADING DAYS
To become eligible for profit withdrawal, a minimum of fifteen (15) active trading days per month is mandatory.
An initial Deposit Withdrawal Lock-Up Period of sixty calendar days (60) is in place starting from the date the trader has opened the account. Thereafter daily starting from the date the initial lock-up period has ended, the trader may request the payout of his/her deposit.
An administration fee of ten (10) percent, subject to a minimum of $ 370, will be charged for the return of deposits of inactive accounts.
The Acceleration Capital provided by XLTRADE and the deposit of a negative account (caused by losses of the trader) can not be withdrawn. XLTRADE is entitled to request compensation for the negative balance of an account (if any) if the trader submits an unjustified refund request to the bank/payment provider.
The sum of open positions (PnL) may exceed the Account Balance (Deposit + Profits).
The limit is the Equity (Deposit + the Top-up + Accumulated Profits).
The Position Margin may exceed the Deposit (the Deposit and the Top-up are entirely available for Margin Requirements).
Growth on the Account provides extra cushion to increase the trading potential (no trailing drawdown levels).
Example Account Statement: $ 1,000 Deposit | $ 19,000 Top-up | $ 11,033.67 Profit
Deposit: $ 1,000
Top-up: $ 19,000
Trading days: Seven (7)
Net Profit: $ 11,033.67
Balance: $ 12,033.67 ($ 1,000 Deposit + $ 11,033.67 Profit)
Equity: $ 31,033.67 ($ 1,000 (Deposit) + $ 19,000 (Top-up) + 11,033.67 (Profit))
Free Margin: $ 31,033.67
An Accelerated Account will be disabled for trading in the following situations:
The trader closes open positions at a negative balance (at or below the Deposit).
The trader maintains a negative balance overnight.
The trader exceeds the margin limit (Deposit + Top-up) at a negative balance.
Open PnL (open positions) that have dropped below the Account Balance (Deposit + Profits) must not be maintained overnight (The applicable time limit is GMT 01:00 (01:00 AM)). In such an event, all open positions and orders will be closed/deleted and the account will turn inactive.
The margin limit on an Accelerated Account is the Deposit + Account Top-up. If the trader exceeds the margin limit, all open positions/orders will be closed/deleted.
In any situation, the trader receives notifications by email.
In the event of deactivation, the Account Top-up will be withdrawn from the account.
The trader is not obliged to settle negative account balances.
POTENTIAL & RISK
The XLTRADE Acceleration Capital dramatically increases a trader's potential to generate outstanding profits in the markets.
The trader may lose the Deposit caused by extensive exploitation of the leverage (a trader is strongly advised not to over-leverage the account).
In the event of account irregularities, legal/regulatory/technical issues, risk issues, inactivity or other issues, XLTRADE is entitled to terminate an Accelerated Account at any time. The trader acknowledges that XLTRADE is not obliged to provide detailed reasons for Account Termination. In the event of Termination, XLTRADE returns the Deposit to the trader within ninety Calendar Days.
On a regular basis, XLTRADE reviews active Accelerated Accounts regarding trading activities and risk exposure.
The communication in connection to AMA Accounts (emails, messages, account statements, a.s.o.) is strictly confidential and must not be made public. XLTRADE reserves the right to take legal action in the event of non-compliance. Non-compliance shall be deemed to result in a contractual penalty of $ 50,000. In addition, in case of non-compliance, XLTRADE is entitled to claim compensation for a negative account balance (if any).
The trader acknowledges that he/she receives an Account Top-up by Factor twenty (XL20) that increases the profit potential.
The trader is aware that he/she trades on capital provided by the company (funded account).
The trader acknowledges that, even if there are no risk specifications, he/she trades the account on a reasonable risk level.
The trader acknowledges that he/she is entitled to withdraw the profits derived from his/her Deposit and the Acceleration Capital provided by XLTRADE (XL20).
The trader acknowledges that he/she can not withdraw the Acceleration Capital (XL20) provided by XLTRADE.
The trader acknowledges that he/she is entitled to withdraw Profits/Deposits periodically on a daily basis once the initial withdrawal lock-up period has ended.
The trader acknowledges that any communication in connection to AMA Accounts must be kept strictly confidential.
If a trader opens a Live Account and receives the Acceleration Capital (XL20) by XLTRADE, the trader agrees and is bound to the conditions above.