Frequently Asked Questions

We are unable to do business with traders from the following countries:

(1) Cuba;

(2) North Korea;

(3) Syria;

(4) Islamic Republic of Iran; and

(5) Myanmar.

Due to the international sanctions regimes currently in place.

We have KYC (Know Your Customer) identity checks at the ‘Funded Trader’ phase of all programs. This is required for compliance of anti-money laundering (AML) and anti-fraud regulations. If you have completed KYC for us previously, you do not need to do so again.

The identity checks only take a couple of minutes and are easy to complete. The checks will recognise documents and photo ID from over 200 countries.

We need all customers to complete KYC before we can process any withdrawals or sign any contracts, so doing it upon account creation will prevent delays on receiving your ‘Funded Trader’ account and withdrawals will be processed faster. Please ensure you complete your KYC within 3 days or your account will be paused until completed.

If you cannot complete KYC automatically, please contact us via support ticket, and we will review your case.

Withdrawals from the trading programs are available from the moment the closed balance of the account reaches $100 above the account starting size. You do not need to wait until you hit a pre-defined profit target. Any withdrawals will, however, reduce the drawdown available on your program. We will always recommend taking the action that is right for you, so the power is in your hands.

Withdrawals from the Trader Program are available 14 days after the start of your Trader account, and are available from the moment the closed balance of the account reaches $100 above the account starting size. As above, any withdrawals, reduce the drawdown available, so please bear this in mind when choosing whether to access your simulated profit in real-world currency.

The default profit split on this program is 75% to you. As you increase your simulated profit, we will increase your % split as described below.
Increasing Profit Split
After making 10% overall simulated profit in an account, you may move from the 75/25 split to 85/15. 

Withdrawal Frequency
You can withdraw as soon as you reach $100 of simulated profit. Further withdrawals can be made at any time with a minimum of 14 calendar days.

Please note: The first withdrawal request on the Premium Program can only be initiated after 14 calendar days of activity.

Withdrawal Request Method
Step 1 – Email support@discretionary-trading.com with account number and amount you would like to withdrawal:Please close all simulated trades before making a withdrawal request and do not make any further simulated trades until the virtual profit has been withdrawn from the account. We aim to do this within 48 hrs of receiving withdrawal requests.

Step 2 – You will receive an invoice request from support@discretionary-trading.com

Step 3 – Complete your invoice, and return it to us for processing.

Step 4 – Enjoy your commission!

Payment Time
All withdrawal requests will be processed as quickly as possible. Most payments get processed within 12 hours of request, all payments will be processed within 48 hours.
Payment Methods
Currently we offer withdrawals via cryptocurrency and bank transfers.

We have no affiliation with any provider, but companies such as Coinbase and Binance are the most popular and easy to setup. They can even be used as applications on your smartphone.

As ever, if you have any questions or need any support, please contact us via our 24/7 email team.

Yes. Refunds can be given on evaluation purchases if you change your mind and if you have not placed any simulated trades on the account within the first 14 days. Once you take the first simulated trade on the account, you are no longer eligible for a refund.

We do not offer Futures within our simulated platform, however we do have simulated CFD markets, which include the Nasdaq, SPX and US30 among many others.

You can take as long as required to pass the evaluation, but to keep an account active, you will need to place at least one simulated trade on the account every 30 days.

You can have any number of evaluation accounts you wish to trade. We will only fund four simulated live accounts (“trader accounts”) at a time. We will only merge simulated live accounts if the accounts are both untraded, and the maximum merged account can be $80,00,000 since that is our highest value program currently. You cannot trade the same markets at the same time on more than one account, please see our rules on copy trading under our FAQ section of the website.

Our maximum initial funding (AUM) is $80,00,000.

US Based: As an contractor you will be classified as an independent contractor. we are not linked to the IRS, and we are under no obligation to provide them with information on the earnings of US-based contractors. We will give you a contractor service agreement, and you will invoice us. It will then be up to you how you report your earnings in the states. 

UK Based: As an contractor you will be classified as an independent contractor. We will give you a contractor service agreement, and you will invoice us. It will then be up to you to report your earnings to HMRC.

Global:

As an contractor you will be classified as an independent contractor. We will give you a contractor service agreement, and you will invoice us. It will then be up to you to report your earnings to your relevant tax authorities.