Terms Of Use


Program type:

Standard Trading Program

Program phase:

Phase 1: Challenge

Initial Capital:

$5,000 ; $10,000 ; $20,000

Strategy/Risk Level:

Normal, Aggressive

Brokerage:

ICMarket, XM,Pepperstone,RoboForex

Available trading instruments:

Everything the broker is offering

Trading platform:

MT4, MT5

Trading period starts:

Anytime within 14 days from application

Trading period ends:

After 30 days from opening the first position

Time Zone:

Eastern European (Summer) Time

PHASE 1:

PHASE 1: CHALLENGE

STRATEGY: NORMAL

STRATEGY: AGGRESSIVE

Trading period

30 days

30 days

Minimum trading days

10 trading days

5 trading days

Maximum loss:

10%

20%

- Max. daily loss

5%

10%

Profit target:

5%

15%

  • The Challenge phase has been completed when the trader has not violated any trading rules or objectives and when the trader has reached the profit target within 30 calendar days without reaching maximum loss or maximum daily loss limits.
  • The trader will receive a new Verification Phase account within 5 business days from completing the phase 1 and fulfilling general KYC requirements. Verification phase accounts always start on mondays.



1.1 PHASE 1 - DETAILED EXPLANATION OF TRADING OBJECTIVES

Trading period: Trading period starts any time you will open your position and it will end after 30 calendar days.

Minimum trading days: To meet this objective you must reach at least a minimum amount of trading (business) days during the challenge and verification periods. At least one position must be opened on each of these days.

  • A trading day means a day when at least one trade is executed.
  • If a trade is held over multiple days, the day when the trade was executed is considered as the trading day.

Maximum loss: This rule can also be called “account stop-loss”. Maximum Loss is the difference between your highest recorded balance and your current equity.

 

Maximum daily loss: This rule can also be called “trader’s daily stop-loss”. The rule says that in any moment of the day (EE(S)T – Eastern European Summer Time), the daily equity decrease must not hit the predetermined limit.  The counting formula: Current daily loss = equity at the start of the day - current equity.

 

Profit target: Depending on chosen trading strategy and phase the minimum profit target to complete the phase or earn commission is set between 5% to 20% of the initial balance. Profit target means that a trader reaches a profit of at least 5% to 20% of the initial account balance in the sum of closed positions on the assigned trading account in 30 calendar days. Also, at the end of the trading period, all positions must be closed. For example: If you trade Challenge with $100,000 capital targeting min. 10% = your profit target is $10,000.

 

Minimum position duration is 10 seconds. Each trade must be held for a minimum period of 10 seconds. This policy is in place to avoid cheating in the demo account environment to make unrealistic profits which are impossible to copy in real life accounts. This means that if you will for example accidentally open a wrong trade, you must wait until 10 seconds before you can close this trade

 

Maximum leverage is 1:100. Available leverage depends on the chosen broker.





EXPLANATION OF UPCOMING PHASES:

PHASE 2:

PHASE 2: VERIFICATION

STRATEGY: NORMAL

STRATEGY: AGGRESSIVE

Trading period

30 days

30 days

Minimum trading days

10 trading days

5 trading days

Maximum loss:

5%

10%

- Max. daily loss

5%

10%

Profit target:

5%

15%

COMMISSION:

30% of profit target

40% of profit target

  • The verification phase has been completed when the trader has reached a profit target within 30 days without violating any trading rules or objectives.
  • The trader will receive a diploma/certificate about completed trading challenge + verification. Trader’s history will be made public for 3rd party investors and the Trader will be introduced to Tim Capital  Ltd  a proprietary trading company and the member of the Tim Group of companies.
  • The trader will sign an agreement (Phase 3) with the Tim Capital Ltd 
  • The trader will receive a commission of reached profit target in phase 2 from Tim Capital to the Trader’s account balance on Tim Capital Ltd
  • The trader will receive a new Phase 3 account within 5 business days after the account has been reviewed.
  • Phase 3 accounts always start on Mondays.

PHASE 3:

PHASE 3: PROFESSIONAL

STRATEGY: NORMAL

STRATEGY: AGGRESSIVE

Trading period

30 days

30 days

Minimum trading days

10 trading days

5 trading days

Maximum loss:

10%

20%

- Max. daily loss

5%

10%

Profit target:

-

-

COMMISSION:

60% of total profits

70% of total profits

  • The minimum profit target will be removed.
  • The trader receives a commission of total profits made after the trading period has been completed.
  • The trader will receive a new trading account after every period of trading as long as the trader hasn’t reached loss limits or violated any other rules or objectives.

GENERAL TERMS OF USE & TRADING POLICIES

Tim Capital Challenge Recruitment (hereinafter referred to as “Tim Capital Challenge”, “Tim Capital Trading Challenge,” “Tim Capital Trading Program,” “Tim Capital Ltd, London),” “Challenge,” and/or “we” and/or “our” and/or “us”) is operated under the name Tim Capital Ltd. Tim Capital Ltd is a funded program company registered at 85 Great Portland Street, London, United Kingdom. Tim Capital Ltd, London is a company which evaluates and introduces traders to the Tim Capital Ltd , a MT4 broker technology provider company (hereinafter referred to as “Tim Capital ”. All access and/or use of our services is subject to these terms of use (hereinafter referred to as “Terms of Use” and/or this “Agreement”) in accordance with the terms for. For your benefit and protection, it is mandatory for you take enough time to read and understand this entire Agreement, as well as any other additional information available to you on www.tim-capital.com (hereinafter referred to as “Website”) prior to subscribing to any services with us and before you enroll in the Challenge or pay any fees.

You must read, agree with and accept all the terms and conditions contained in this Agreement without modifications. Should you not understand any part of this Agreement or any information available on the Website, you should contact us before subscribing to the service and taking part in the challenge, or you should seek independent legal advice.

 

3.1 Parties. This Agreement is made between yourself, as our client (hereinafter referred to as “you” or “your'' or, “trader” or in general terms, the “client”) and Tim Capital Challenge Recruitment. This Agreement describes in full detail the Terms of Use you must accept, without restrictions or objections, before registering with us. By registering with us, you are acknowledging that you have read and fully understand these Terms of Use.

 

3.2 Trading. It is important to understand that under this program we are looking for stable, long term returns. As such, you hereby agree, not to trade with ‘unreasonable’ risk. All trading activity will be monitored in real time to be sure you adhere to the restrictions and guidelines below. Failure to do so may end our relationship immediately and forfeiture of any fees paid or profits due.

 

3.2.1 Traders may not use EA's, scripts or robots unless Tim Capital  Risk Team has granted such exception. Nor may traders engage in copy trades or following other traders' entry and exit signals, including their own Tim Capital accounts. Tim Capital shall have the right to deem that Traders coordinate or copy their trades if several trades with the same instruments in the same direction are made within one minute of each other. All trades must be based on the traders own analysis and decisions.

3.2.2 Providing Signals to third parties: The Trader is not allowed to provide trading signals from Trading Program Account in any format (digitally or manually) to third parties or any other Tim Capital Accounts without Tim Capital approval.  

3.2.3 News event trading (Normal risk strategy, Phase 3): If your chosen risk strategy doesn’t allow news event trading it is prohibited to open orders on any instrument 5 minutes before and after high impact news. Economic events that cannot be traded can be found in the Trader Area (https//:www.tim-capital.com) . Please remember, high impact news can affect instruments that are not directly correlated to the country releasing its economic data.

3.2.4 Use of SL (Stop-Loss orders) with Funded accounts (Phase 2 &3): SL orders need to be attached to every trade before the trade is closed at market price. Trades are allowed to hit SL/TP before 10 sec.

3.2.5 Responsible and consistent strategy / Maximum lot size difference from your average median lot size during the challenge trading period (Phase 2 & 3): Your average median lot size per traded instrument class 1) Forex & Metals 2) CFDs, will be calculated after the Challenge period. Your trading strategy must be responsible and consistent during the whole trading period.   Your trading must demonstrate that your strategy works in the long term and is not based on pure luck. This means that after the challenge phase you can deviate from the average median lot size by +/-30%. For example: your average median traded lot size with Forex and Metals during the Challenge period was 10 lots and with CFDs 20. During the Verification and Professional Phase periods, when trading with Forex & Metals you must open trades between 7 and 13 lots. And when trading with CFDs you must open trades between 14 and 26.

3.2.6 Trading Instruments: All trading challenges automatically include the following instruments: FOREX + METALS. The availability of additional trading instruments may change from time to time depending on 3rd party brokers. Traders will be informed by email immediately if any trading instrument becomes unavailable. All positions with unavailable instruments have to be closed within the agreed deadline (funded verification and professional accounts only). Changes in allowed additional trading instruments won't cause possibility to pause trading or get refunded.

3.2.7 All positions must be closed before the trading challenge period will end. And before the trading period can be reviewed. Normal risk strategy account holders must also close all open positions for weekends and trading holidays in phase 2 and 3.

3.2.8 Exceptions: Based on your individual trading methods, it is possible to be granted an  exception, however, exceptions are granted only after an interview with our Risk Management team. Without such granted exception(s), traders who take unreasonable risk may face termination of our relationship.

 

4.0. Trading Account Management & Right of Refusal. The Company has the right to refuse to conclude the contract of the Tim Capital Trading Challenge account with the Customer – during any part of the challenge. Should any concerns about profitability and excessive risks on a Real account arise, the company will attempt to contact the client immediately to conduct an interview and discuss employed trading practices. The company will attempt to find a remedy for the situation, however, should there be no remedy for concerns, the company reserves the right to terminate this Agreement immediately. Such concerns that may include:




4.1 The Company’s potential for suffering financial losses;

4.2 Investors of the company’s potential for suffering financial losses;

4.3 The potential damage to the Company’s reputation due to unreasonable losses of Investor funds.

4.4 Protection of Capital. The company is under contractual obligation to protect investor funds against risk of unreasonable losses of capital under management, as described above. Should the company suspect that trading practices employed by a trader on a Demo account would not prove profitable on a Real account, the company reserves the right to terminate a contractual relationship with the trader.

4.5 Termination of Agreement Due to Concerns. Trading Violations And Ethics. Any of following violations will result in immediate termination of our contractual relationship, unless you are able to justify the occurrence:

  • Any form of arbitrage performed in your trading account, be it Demo or Real Account., E.g., usage of specialized software programs that are designed to exploit possible price latencies on a Trading Platform or that allow for the use of technological and/or algorithmic trading patterns that are aimed at exploiting price latency/priced freezes for arbitrage opportunities on a Trading Platform, thus resulting in unrealistic and/or fake profits on a trading account, which would not be possible within the real trading environment.
  • Abuse of technological issues of a broker, intentional or otherwise, where opening and closing prices might be readjusted and traders will be able to continue trading, which would decrease the profitability or increase the loss, this data will not be taken into the account for ‘passing qualification’.
  • Usage of guaranteed ‘Take Profit’ and ‘Stop Loss’ to trade news/price and weekend gaps, due to its possibility in a Demo account, but not on a Real account.

4.6 Difference of Demo and Real Accounts. The client confirms good understanding of major differences between Live and Demo trading, which include but are not limited to the following:

  • In most cases – Demo accounts have better prices and abnormal execution behavior relative to the markets. Therefore, a client has to consider that an employed trading system should be able to perform profitably in a real-market scenario, even with slightly less favorable spread.
  • Demo accounts have no or very little (artificial) slippage, due to no real liquidity.
  • Unlike Demo accounts, Real accounts with trades over 1 Standard Lot might not be filled immediately or fully on a Real Account.
  • On a real account ‘Stop Loss’ and ‘Take Profit’ are filled only at the level of the closest available liquidity, not at the level of a set price.
  • Orders on Demo accounts are executed at the quoted price, whereas quoted price of a Real account displays the last available quote of an instrument, not necessarily the available quote.



  1. Indemnity and Liability.

 

5.1 The company shall not be liable to Client or to any third party except by reason of acts that constitute gross negligence, bad faith or intent to defraud on behalf of the company.

5.2 Client will indemnify, hold harmless, and defend the Company and its members against any liability, loss cost, damage, or expense and any amount paid in settlement thereof to which any of them may become subject to in acting pursuant to or in furtherance of this Agreement or in connection with any transaction for the Account.

5.3 The company will not hold the client financially liable for any losses incurred by Investors on Real Trading accounts, which were the result of technical issues, or caused due to ‘unusual’ market movements, which could not be avoided with risk mitigation.

5.4 Only one user profile per verified individual is permitted and only one active trading challenge (phase 1) account is permitted at the time. One user profile/verified individual can have multiple phase 3 accounts. Traders are not permitted to allow others to trade their account and may not trade on any other Tim Capital account. IP addresses, device IDs and behavioral data maps will be used by the automated risk system as a basis for determining unauthorized trading activity. All traders must be contactable on the telephone number provided during verification at any time a position is held in the markets. Tim Capital reserves the right to demand extra video verification at any time. Failure to contact the trader or to verify identity will result in trade deletion and/or account suspension.

 

  1. Refund Policy: The client has the right to cancel the ordered services within 14 days of purchasing the services (Tim Capital Trading Challenge). The client is aware and agrees that this does not apply after starting to use the services, meaning opening the first trade on the allocated Challenge account.

 

  1. Term of The Agreement. Either party may terminate this Agreement at any time upon at least 5 business days’ prior written notice to the other via email or telephone.

 

  1. Profit Withdrawals. All Traders are compensated on a profit split basis only. Trader commission depends on the chosen program, risk level and phase. Tim Capital Group member Tim Capital Ltd will pay trader commissions to the trader's balance on Tim Capital Ltd  every time the trader will be eligible for a commission. The trader may request withdrawal anytime when the account balance is positive. Payments will be made by bank transfer or BTC. Alternative payment methods may be available, however the trader must ensure that bank transfers related to FX are receivable by the institution and its regulators in the traders geographic location. Tim Capital Ltd  will not be responsible for failure to deliver a payout due to adverse regulatory directives or rejection in any country or region. Nor will payment be re-sent in the event of rejection of transfer by the receiving foreign institution. The receiver may be charged by the payment system.

 

  1. Risk Disclosure. All content published and distributed by Tim Capital Group or Tim Capital Ltd, London and its affiliates (collectively, the “Company”) is intended solely for the study purposes related to trading on financial markets and does not serve in any way as a specific investment recommendation, business recommendation, investment opportunity analysis or similar general recommendation regarding the trading of investment instruments. Trading in financial markets is a high-risk activity and it is advised not to risk more than one can afford to lose! Tim Capital Ltd, London does not provide any of the investment services listed in the Capital Market Undertakings Act No. 256/2004 Coll. The information on this document is not directed at residents in any country or jurisdiction where such distribution or use would be contrary to local laws or regulations. Tim Capital Ltd, London is not a broker and does not accept deposits. The offered technical solution for the Tim Capital Trader platform and data feed is powered by the institutional liquidity providers. Tim Capital Ltd, London or its brokers may

 

  • change margin requirements at any time in line with perceived or actual excessive changes in volatility and/or liquidity
  • cancel orders or trades at anytime in line with perceived or actual risk of non execution of stop or limit orders due to market conditions
  • Tim Capital or its brokers are not responsible for the variable spread, liquidity levels or limit order execution parameters provided by liquidity providers and market makers.



CFTC Rules 4.41 – Hypothetical or Simulated performance results have certain limitations. Unlike an actual performance record, simulated results do not represent actual trading. Also, because the trades have not actually been executed, the results may have under-or-over compensated for the impact, if any, of certain market factors, such as lack of liquidity. Simulated trading programs, in general, are also subject to the fact that they are designed with the benefit of hindsight. No representation is being made that any account will or is likely to achieve profit or losses similar to those shown.

 

  1. Approval. Trader has read, understood and agreed to Tim Capital Trading Program terms and rules on this document, Detailed Explanation of Trading rules and objectives published on www.tim-capital.com and to all Tim Capital Terms and Conditions published on https://tim-capital.com