FAQ
Here’s a list of some of the most commonly asked questions.
The maximum drawdown starts at negative 6% of your starting balance.
If your negative equity reaches 6% of your starting balance, our system will automatically detect the violation and your account will be terminated immediately.
Once you achieve a 6% return, it stops trailing and the drawdown is locked at your starting balance.
Example: When starting with a $100,000 funded account, your account would violate the maximum drawdown rule when your equity breaches $94,000. If you profit $2,000 with a closed balance, then your new maximum drawdown would be $2,000 higher than previously ($96,000).
If you continue growing the account to $106,000, the new maximum drawdown would be permanently locked at the starting balance of $100,000. This would allow you to compound the account freely without exceeding the maximum drawdown.
For example, if you achieve a new high watermark of 40% (a closing balance of $140,000), you would (so long as you don’t lose more than 4% of your account in one day) only violate the maximum drawdown if your account lost more than $40,000 and is under $100,000.
The daily max loss is the maximum your account is allowed to lose in one day. The daily max loss is 4% of your previous day’s closing balance (as of 17:00 EST).
If a trader’s negative equity reaches 4% of their previous day’s balance, our system will automatically detect the violation and their account will be terminated immediately.
Note: The daily max loss is not based on the previous day’s equity. It is based on the balance in your account.
Example: If your previous day’s closing balance was $100,000, your account would be terminated if your equity reached $96,000. If your account had floating equity of $10,000 at the previous day’s closing, it would still be terminated if your equity reached $96,000.
Yes. If you have achieved a profit of 10%, you must request a payout for your percentage of the profit and we will match it with a 10% increase in your capital.
If your account continues to gain profit and your balance closes with another 10% profit, you will request another payout and we will match it again with another 10%. Scaling isn’t automatic. You must request to scale-up by contacting our support team. Please note, scaling is capped at $1,000,000.
IMPORTANT: When you request a payout, your maximum drawdown resets to your original capital balance. When you scale up, the new drawdown will be reset to the original starting balance plus the amount scaled. We recommend you do not request a payout until you have achieved at least a 5% profit, so that you still have 5% to drawdown before breaching.
Example: You have a $100,000 funded account and make $10,000 (10%) of profit. You request your first payout. Say you request a payout of $4,000. We pay you your share of the $4,000 and we increase your capital by 10%, so your current balance stands at $116,000 (your maximum drawdown is now $110,000).
You then make another 10% profit ($10,000). You request a payout, we pay you your share of the $10,000 and increase your capital with another $10,000, so your current account stands at $126,000. (At this point, your maximum drawdown is still at $120,000 and you’ve already pocketed your percentage of $14,000).
There are only 3 ways to lose your account.
1. Daily Drawdown
Accounts must not incur a 4% drawdown on a single day.
2. Maximum Drawdown
Accounts must not incur a 6% drawdown on total account size. This 6% drawdown trails your account until you achieve a 6% return on your account. Once you achieve a 6% return, it stops trailing and the drawdown is locked at your starting balance
3. Inactivity
Accounts must not remain inactive for 30 days or more.
Note – if a trader notifies X2 Signal that they cannot make a trade for 30 days due to extreme circumstances, we will allow the account to remain open. Such exceptions will be made on a case-by-case basis, and will generally only be allowed once.
Yes. EAs, copy traders, scripts, and indicators are all permitted. That being said, malicious practices, such as taking advantage of arbitrage pricing or latency are against the rules. High frequency trading bots are also prohibited. X2 Signal reserves the right to review all EAs before awarding a trader their funded account. If we detect that your trading constitutes any malicious practices, not limited to the above, your participation in the program may be terminated and may include forfeiture of any fees paid to X2 Signal.
A trader is eligible for their first payout only 7 days after receiving their funded account. All subsequent payouts are available every 14 days. A request can be easily made by clicking the blue withdraw button in the “wallet” tab of his dashboard.
Traders who pass the X2 Signal evaluation will immediately receive instructions on the KYC verification process. We currently offer payouts via USD bank transfer or the following Coinbase coins BTC, ETH, ERC20, LTC, MATIC, (all depending on availability).
Once a trader is funded, there is no profit target per se, but it’s unadvisable to withdraw profit before reaching 5-6%, because once you request a payout your maximum drawdown will be your initial starting capital balance.
Example: A $100,000 funded trader who profits $3,000 may request a payout for $2,000. After receiving his payout, his account balance will be $101,000 and his new maximum drawdown will be at $100,000, not leaving him enough room to trade comfortably. It is suggested that this trader make at least $5,000 — $6,000 of profit and then anything above that should be requested as a payout.
It’s easy to become an X2 Signal affiliate. Simply click the «Affiliates» tab on the home page You will need to answer a few questions and click «Join». Once submitted, your application will be reviewed within 24-48 hours and you will receive an email with our reply.
You may request your first payout 7 days after you execute your first trade on your live account. After your first payout, you may request another payout every 14 days.
The profit split for the first payout is 75/25 with you, the trader, keeping 75% of the withdrawn profits. The profit split for the second payout will be 80/20. Finally, the profit split for the third and all subsequent payouts will be 85/15.