T4TCcapital : the funding arm of Traders4traders.
Updated on: 2022-03-01
How to choose from so many Prop firms available online? It can get frustrating and overwhelming to find a suitable firm that you can trust, make a good profit, and actually stick to its rules and limits. Offers are so diverse with many pros and cons so you might find yourself completely lost in the process of finding the right firm for you.
We are here to help you with this review so you can have a better picture of what this company offers to you and what you need to do for your trading to be in accordance with their rules.
T4TCcapital Traders4Traders review
First, we are gonna introduce you to this company, what is it all about and what do they offer.
Then, we’re gonna go over their educational programs and available direct funding accounts.
Hopefully, provided information will get you one step closer to deciding if this prop firm is something you would like to try.
About T4TCcapital Traders4traders
T4TCcapital Traders4traders is a Proprietary Firm with 28 years of experience that offers funding and education for aspiring traders. They are based in Dublin and New York but they also have trading servers in London. They allow trading with forex currency, equities, commodities, and indices. Their educational programs offer knowledge to new traders as well as experienced ones who want to polish their trading skills.
Pros of doing business with this firm are education opportunities, funding is up to 1 million, fast scaling program, and no time limit to reach profit target. Cons of this prop firm are not so good reputation, limited leverage of trades and no weekend holding of traders.
As in other prop firms, you need to pass the Practical Assessment to prove your skill and expertise on the demo account. You don’t have a time limitation for this process as long as you don’t violate their rules.
When you violate rules in the demo account you can pay a fee to get it back, but that doesn’t apply to live accounts. For each account, you need to pay a small one-time fee that we’re gonna talk about later. Furthermore, accounts come in different sizes with different requirements and rules.
First, let’s take a look at their educational programs, and then we will get to funded account options.
Watch this short video to get a good idea about T4TCapital: the company, the online presence, the rules and evaluation programs.
This company offers a Diploma in Professional Forex. Not that Diploma as a certificate should be a goal, but the knowledge that you can get should be very helpful and set you on the right path. After completion of this program, you get a guaranteed trader position with the T4TCapital Incubator Fund.
They promise that you will learn about the relationship of financial markets to the Forex Market, how to do good Risk management, and necessary teamwork.
They offer one free package with lifetime access and a duration of five hours. This one is part of their mission for trading knowledge to not be reserved only for those with money but accessible to everyone.
Foundation Forex Trading Courses
The next level is Foundation Forex Trading Course which costs $499. This package comes with 222 video lessons, 20 hours of on-demand lessons, a 100% tuition fee rebate scheme, trade execution software, a $100,000 practical assessment, and a Live 100.000 account. Access to the T4T Trading Floor on Virtual Trading Floors is also included.
You will learn industry-standard methodology, why and how Forex Market moves, how that affects the market, how to execute trades quickly and efficiently, to time your entry, technical instructions on how to analyze the market, how to manage capital dynamically, how to utilize the Fibonacci indicator, how to trade the Asian session effectively, how to pick the easy setups, how to take advantage of major stop loss runs and more.
The course contains lessons on capital management, trading analysis, technical strategy toolbox, and fundamental analysis. Also, there are lessons about the trading process with and without Economic data, trading psychology, and MT4 trading platform.
Advanced Forex Trader Workshop
For $1,499 you will learn Technical Analysis, Fundamental Analysis, Risk Management, and the Refinitiv MetaStock Xenith News Service. Prerequisites to join this program are completion of module 1 (Foundation Forex Courses), subscription to MetaStock Xenith and having it installed, and installation of all T4T trade tools on your MT4.
The methodology of this course combines retail and professional trading and includes a $100,000 practical assessment. To pass this assessment you need to make an 8% profit without violating any rules and keep a ≥50% overall win ratio.
You will learn how to Improve your Performance, Build Capital & Get Funded, how to understand and trade “Risk On – Risk Off” sentiment, Market analysis, how to prepare to trade, trade execution, and technical analysis.
Trader Development Program.
Trader Development Program includes $100,000 Practical Assessment, weekly team meetings, and One-on-One Meetings on Demand. It costs $4,999 and it’s intended for intermediate and experienced traders. To enter you need to have the previous two program modules finished. With this program, you also get full-time employment as a trader with T4TCapital.
Although the program usually takes 3-6 months to complete, they stick with you until you develop qualifications. There’s a final assessment at the end of the program to determine and test what you have learned and if you’re ready to become an associated trader. To pass this assessment you need to make an 8% profit without violating any rules and keep a ≥50% overall win ratio. If you do good you are eligible for the 100% Tuition Rebate Scheme which makes this program free for you.
If you already have the knowledge and skill needed for good trading and want to skip educational programs, you can apply forthe funding programs. First, you need to pass a practical assessment to prove that you know how to trade profitably and that you’re worth investing in.
You need to reach a 10% profit target regardless of account size. Rules and requirements must be followed in order to pass this test. But, the good news is that there is no time limit to achieving the goal.
Rules are very simple. First, you need to have a valid stop loss attached to each trade whenever you open a position or place an order. Not doing this could result in the whole account being lost. You can’t hold positions over the weekend so all trades must be closed by Friday 1900GMT. If you violate this rule, you will need to reset the process completely to be eligible for funding again. You can’t risk more than the available sum which is the difference between your account balance and your nearest limit, but the Weekly Loss Limit Level or the Max Drawdown Limit Level.
You also need to follow the weekly loss limit of 2% of starting balance. This way your last week’s profits are protected. Trailing Maximum Loss Limit is set at 4% of the starting account balance. This limit protects your overall profits.
Live trading account
After you’re finished with the practical assessment you get a live trading account. There are different account sizes with scaling plans and different profit shares. For now, they offer only three account sizes which are lesser than most of their competition. But no time limit is still one of the winning pros of this company. Let’s take a look at available accounts and what requirements come with them.
$25,000 account size starts with $25,000 and it can be scaled up to $37,000. Profit shares go from starting 5% to 50%. Trade size starts from 2.5 lots and can be scaled up to 3.7 lots. The weekly loss limit starts with $500 and can go up to $3,000 in the final scaling stage. The maximum loss limit in the first stage is $1,000 and in the last stage goes up to $7,500. The first two levels come with a 40-60% profit split, the second two with a 30-70% profit split, and from the fifth till the last level profit split is 20-80%.
$50,000 account size starts with $50,000 and it can be scaled up to $75,000. Profit shares go from starting 5% to 50%. Trade size starts from 5 lots and can be scaled up to 7.5 lots. The weekly loss limit starts with $1,000 and can go up to $6,000 in the final scaling stage. The maximum loss limit in the first stage is $2,000 and the last stage goes up to $15,000. The first two levels come with a 40-60% profit split, the second two with a 30-70% profit split, and from the fifth till the last level profit split is 20-80%.
$100,000 account size starts with $100,000 and it can be scaled up to $150,000. Profit shares go from starting 5% to 50%. Trade size starts from 10 lots and can be scaled up to 15 lots. The weekly loss limit starts with $2,000 and can go up to $15,000 in the final scaling stage. The maximum loss limit in the first stage is $4,000 and in the last stage goes up to $30,000. The first two levels come with a 40-60% profit split, the second two with 30-70% profit split, and from the fifth till the last level profit split is 20-80%.
For each of those profits, shares are established based on your performance: if you make up to 10% profit, you get a 60% share. If you make 10-20% profit, you get a 70% profit share. For 30% profit, you get an 80% profit split.
Frequently asked questions about T4TCapital.
When can you withdraw profits and how much time do you wait for them?
In accordance with the Profit Share schedule, your profit withdrawal will be calculated. You can withdraw your profits on the last day of the month. Your profits will be paid the same day the invoice is received by Traders4traders.
Are rules and limits the same as on practical assessment?
Yes, all rules and limits are the same so there are no surprises. That makes it easier for you to trade.
Do they have profit targets and time limits?
There’s no time limit so there’s no stress to interfere with the trading process. Also, there are no required profit targets, so you can scale as you wish.
Can you use your broker?
This is strictly forbidden but they give you their liquidity provider. Some of the competitors, on the other hand, allow utilization of your brokers.
Can you use EA and can you trade in any style?
You can trade in any style and use any tools you prefer. The same goes for EA but you are responsible for setting Stop Loss on each open position and pending order.
When you take a look at the pros, cons, and conditions of this company you will be able to decide whether it seems like a good opportunity for you or not. Getting external funding is very helpful but it’s important to find a company whose offer you like. Also, it’s important that you’re able to achieve their requirements so you don’t get rejected or your account terminated.
The really good thing about this company is that there’s no time limit. This removes pressure from traders and reduces mistake percentage. On the other hand, they don’t have many account sizes available for direct funding and you need to pass the evaluation process first. That’s why direct funding is the best for experienced traders who can pass the test period and prove themselves capable of making profits.
In this review, we gave our best to set you up with all the necessary information about their funding and educational programs. It seems like educational programs offer a good starting point and possible employment with Traders4traders. Some of the modules have this as a promised option. Direct founding on the other hand doesn’t promise a reward if you show good trading skills.
We hope that you’re one step closer to deciding on which prop firm to go with and we wish you good luck in your future trading experiences.