Evaluation FAQs
The profit target for Phase 1 is 8%.
The profit target for Phase 2 is 4%.
For Phase 3 (Live account), there is no profit target or minimum to withdraw.
The profit split is 80/20 with the trader (you) keeping 80% of withdrawn profits.
All traders who pass Phase 1 and Phase 2 will receive a refund of their fees when they reach their first profit-split period at the end of the first month on their live trading account.
When you receive your live account which is your funded account on your evaluation program, you must complete a minimum of 12 trading days then you will receive your first payout 50 days after your first trade on the account.
Payouts are set on a 30 days basis with a minimum 12 trading days after your first Payout which must be 50 days before you can request for first payout.
Before trading a live account, please submit the following to accounts@realfundingprogram.com to complete your KYC/verification process.
1) Signed R.F.P Trading Contract
2) Government issued photo ID (valid and not expired)
3) Proof of address (Utility bill, Bank statement, Government document etc.) of no older than 3 months.
All accounts that have not been verified will be in READ-ONLY mode until verified. Traders only need to be verified once and not every time they register.
First of all, congratulations on passing Phase 1 of your Evaluation! Please make sure you have no remaining open or running trades, ensure you’ve completed the minimum requirement of 5 trading days and have reached the profit target of 8% with no violations on your account. You can upgrade your Phase 1 account to a Phase 2 account by contacting us at support@realfundingprogram.com.
Unfortunately, if a violation has been detected on your account, that account will be suspended and will not qualify for any future payouts. Contact us at support@realfundingprogram.com for more enquiries about account reset options.
Congratulations on passing Phase 2 of your Evaluation! Please make sure you have no remaining open or running trades, completed the minimum requirement of 5 trading days and have reached the profit target of 4% with no violations on your account.
You can upgrade your Phase 1 account to a Phase 2 account by contacting us at support@realfundingprogram.com.
Live accounts will initially be on “READ-ONLY” mode and trades will be disabled until you provide the required KYC documents and signed contract.
To get your live account activated, please follow the instructions below:
1. Download the Independent Contractor Agreement below.
2. Sign the contract.
3. Send an email to support@realfundingprogram.com with the following:
– Your full name
– Phase 2 account number
– Signed contract
– Proof of identity card
– Proof of address document
Once you are done, please allow up to 48 hours for the Account Provisioning team to verify your documents and enable trading on your Live account.
KYC DOCUMENTS
To provide your proof of identity, you can send any official government issued identification that includes a photo of you, such as the following:
– Driver’s License
– Birth Certificate
– Passport
– National Identity Card
To provide your proof of address, you can send any official document that provides your name and home address of no older than 3 months, such as the following:
– Bank Statement
– Utility Bill
– Phone Bill
– Tax Documents
You can request an extension from your dashboard however the ‘Extension’ button will ONLY appear if your account meets ALL of the following criteria:
– Your account is a Phase 1 account.
– Your account balance must have at least 6% profit
– Your account is near the expiry date.
– Your account does not have any violations.
If your account is below 6% profit but it is above the initial balance, then you will need to send your extension request to support@realfundingprogram.com so we can evaluate the trading behavior on your account to determine if we will approve the request.
You can request a free retry ONLY if your account meets ALL of the following criteria:
– Your account has reached the expiry date.
– Your account is above the initial balance.
– Your account does not have any violations.
You must wait until you receive the Maximum Time Breach notification which you will receive AFTER the date of expiry (on Day 31 since your first trade). if your free retry request is approved, you will receive a new account with new login credentials and you will start over from Phase 1 at the initial balance.
You will have 30 Calendar days to complete Phase 1 and you will have 60 Calendar days to complete Phase 2.
No, you don’t need to wait for the entire duration of the evaluation phase. Once you reach the profit target and have completed a minimum of 5 trading days, you are eligible to proceed to the next phase!
You can merge up to $1,000,000.
You can choose between MetaTrader 4 and MetaTrader 5 for Assessment program while MetaTrader 4 is the only platform available for evaluation program and expresss program.
We use eightcap for Assessment program.
General FAQs
R.F.P Trading LLC is a registered company with address at 112 capitol trail Suite A290, Newark, DE 19711 USA.
We consist of a team of trading experts in order to provide you with the best conditions possible. We are constantly working hard to become one of the most trusted prop firm in the industry.
No, we are not a broker. We operate mainly as a proprietary trading firm.
Our Evaluation Program is focused on traders who don’t have adequate capital for trading. We believe that trading our company’s capital can drastically change your current performance. Once you pass, you never need to risk your own capital. This can change your psychological attitude and help you reach consistent trading.
After choosing one (or more) of our evaluation accounts, you need to sign up and pay the fees. Once it’s all done we’ll shortly get in touch with you in email, including all the credentials to your trading account.
We have a maximum capital allocation of $1,000,000/trader or strategy. Traders can have up to $1,000,000 in balance before scaling up. You can complete our Evaluation Program with one or more accounts. The combination of the account sizes does not matter as long as they do not exceed our maximum capital. You are free to run multiple accounts separately in the Evaluation process and when funded it is possible to merge them into one Master account.
We have a 5-day minimum trading days, you can get funded as fast as you passed both Phases of our Evaluation Program.
After we sent your 80% profit share, R.F.P Trading would not be responsible for your tax. You need to deal with your taxes on your own according to your country’s laws and tax regulations.
Yes, all your trades are monitored by our team.
You can choose between MetaTrader 4 and MetaTrader 5.
We use eightcap.
Payouts will be sent via Deel. To request a payout, send an email to: accounts@realfundingprogram.com and your withdrawal will be processed. Your first withdrawal will take a bit longer as we process your credentials, however, future payouts should only take 24-48 hours.
Withdrawal methods is only via Deel.
According to our Scaling up rule, R.F.P Trading offers a competitive scaling up plan so that we grow with you. If you have achieved a profit of 10% or more within a 4 month period and 2 of those 4 months were profitable, we will increase your account size by 30% of the original account size.
We provide you with 1:100 leverage.
Yes, we have a dashboard.
Evaluation Rules
You have plenty of time to achieve your target and move to the next phase. Take it slow, observe good risk management techniques. Most traders who pass the evaluation quickly fail on their live account.
Be one of the few and not the many. Follow your plan and if you aren’t quite at the target at the end of the 30-day period, get in touch, maybe you qualify for an extension or retake!
We currently only offer a standard evaluation model. Due to poor success we have removed our aggressive model. There are two phases you must pass in order to become a funded trader.
First the evaluation Phase (Phase I)
The evaluation phase is to test your trading skills and give us an idea of what type of trader you are. During the evaluation phase you must achieve a profit target of 10% within 30 calendar days with no other rule breaches.
The establishment Phase (Phase II)
The establishment phase is just to confirm the results of the evaluation phase. During the establishment phase you must achieve a profit target of 5% within 60 calendar days with no other rule breaches We do NOT have any negative day rules in our programs. A trader can choose when they start the evaluation process. The calendar day countdown starts from the time you take your first trade.
Its imperative that you have a trading plan, trading strategy and risk management profile to successfully complete the evaluation.
At R.F.P Trading, we encourage good trading behavior but do not limit a traders ability to trade in their own style or time.
We ALLOW news trading, scalping, long term trading, short term trading etc on all accounts in as much as your execution time is more than a minute.
We do not have a lot size restriction for total open lot on a single account. We however, advise users to be weary of their risk management profile.
Trading activities that are used to take advantage of the inefficiencies of Metatrader. Gap trading, latency arbitrage, Long short arbitrage, Reverse arbitrage, opposite account trading are all unacceptable trading methods with R.F.P Trading. Anyone partaking in such activities will have their account terminated.
We constantly are looking for the best products and best conditions for our traders. Currently you can trade FOREX, CFD’s including index CFD’s as well as commodities like oil and metals.
Every now and then the product list may be updated based on the availability of margin, leverage, liquidity, and various other factors.
We adjust our products to increase the profitability of our traders where possible. We may remove a product if there are no users currently passing the phases of the evaluations due to those products.
We allow Expert adviser/robot trading on your accounts.
We no longer require you to send us your source code unless there is suspicion of the following:
Tick scalping, Arbitrage, signals from a 3rd party, gap trading, account management services or any other services that break our other rules.
Using third party expert advisers is OK so long as it is not managed or traded by another party. All signals must be your own and based on your own set up.
Prop trading is about your ability to trade and not about using other peoples ability to trade.
After program purchase you will receive your login details within 24-48 hours. You are not allowed to change the details of this account under any circumstances. Doing so will be a breach and your account will be suspended.
At R.F.P Trading, we are looking for individual traders to grow with us long term. What this means is that we want YOU to be the trader. Its ok to learn your skills from other experts, however, use of signal bots, trade management services or trade copiers will not be accepted. If we notice someone using these services, we will suspend their account.
This rule may not apply if you have submitted your expert adviser or bot for prior approval and approval has been granted.
We are constantly monitoring all accounts to make sure the rules are being followed.
The most important question our traders have is “when do we get paid?”. Profit split on R.F.P Trading is 80/20.
The profit split is 80/20 with the trader (you) keeping 80% of withdrawn profits. We limit you to 1 payout every 30 days, however, your first payout can be any day you choose.
REQUEST PAYOUT: Payouts will be sent via Deel. To request a payout, send an email to: accounts@realfundingprogram.com and your withdrawal will be processed. Your first withdrawal will take a bit longer as we process your credentials, however, future payouts should only take 24-48 hours.
R.F.P Trading offers a competitive scaling up plan so that we grow with you. If you have achieved a profit of 10% or more within a 4 month period and 2 of those 4 months were profitable, we will increase your account size by 30% of the original account size.
At the time of scale up request, trader should be breakeven or positive with the account balance.
In any of the My R.F.P Trading’s evaluation programs you must not have a daily drawdown of 5% of equity OR balance on any given day.
This is monitored closely by an automated system, includes open trades at the time of roll-over and any breach is shown in your account dashboard. Please be mindful of your trading and be sure to check your available drawdown at 00:00 server time every day.
A rule of thumb is to not go within 1% of the daily drawdown rules to be able to survive another day.
On top of the daily drawdown, we have an overall account drawdown of 12% for any pay period. Breaching this will result in a termination of your account.
If you breach your daily drawdown rules whilst in profit. A review will take place to determine whether you followed proper risk management practices (no excessive position size, trade numbers etc.) and we may, at our discretion, issue you your profit share at the time of termination. If, however, you participate in risky trading and breached the daily drawdown, you will not receive payout of your profits for a breach of the daily drawdown whilst in profit.
If you receive an account suspension or termination, you may reset your account for program cost -10%.
No trader at R.F.P Trading will be liable for any trading losses. All being said, we encourage you to practice good risk management practices and engage in a trading plan to maximize your chances of not incurring a loss.
R.F.P Trading is always encouraging traders to practice good, safe trading. Those that do, shouldn’t be punished. If your Phase I 30 day limit is reached and you are in profit without any breaches on the account you are entitled to 1 free extension of up to 30 days OR a unlimited free retakes.
Our extension is only offered to users who are in profit and trade using proper risk practices. Users who do not breach however do not have consistency or risk practices in their trading are only entitled to a free retake. Trade safely, be consistent, get rewarded.
If you find that you have breached one of the rules, you are entitled to a discounted reset of that account. Mistakes can happen, and we understand that. We want you in our team so if you have breach the rules enjoy the following discounted prices:
10k – $75.60
20k – $125.10
50k – $269.10
100k – $449.10
200k – $881.10
All traders who pass Phase 1 and Phase 2 will receive a refund of their fees when they reach their first profit-split period at the end of the first month on their live trading account.
In order to ensure server security and safety and prevent nefarious activity, you can only set pending stop orders (stop or stop loss) a minimum of 2 pips from the current market price. Our server is set up to prevent stop and limit orders being placed closer than 2 pips to the current market price.
You are responsible for making sure your account credentials are safe. We do not reinstate accounts that have been hacked or distributed to third parties for trading and lost. If your account has been hacked, get in touch with our team so we can lock the account and change the password and run you through security protocols. No reinstatements of accounts will occur so it is important for you to get to us as quick as you can if your account has been hacked.
If your account is inactive for 30 days it will be automatically breached. If you do not inform us within 10 days of the breach the reason for the inactivity, the account will be permanently suspended. This rule is to prevent us having thousands of hedged trades on abandoned accounts. If you are planning to be away for a prolonged period of time, please inform us and we will make sure your account continues.
You should not at any time change your mt4/mt5 password. If you do this, it is a total suspension of your account.
If we discover that you passed our evaluation challenge using a strategy that we do not allow (which is stated in the rule on the website) but you demonstrated good trading behaviour and respected all our rules on your funded account, you will have no refunds, and on your funded account, you will not qualify for normal payout profit split and your funded account will be downgraded to receive only a bonus between 3% to 10% of the profit on the funded account depending on how we analyze your trade.
If you are able to make a 15% total profit target within 365 days on the funded account that is been downgrade without violating any of our rules, we shall pay you your bonus which will be between 3% to 10% of the profit target depending how the risk team analyze your downgraded account, after this we shall give you a fresh funded account that is upgraded back to a normal profit payout split of 80% to the trader and still with no refundable purchase fee.
Please note that Your account will only be upgraded after you had made a total 15% profit on your downgraded funded account. Trader who falls into this situation may request for account upgrade by contacting support.