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Genesis

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COMMUNITY

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General

As of 20th February 2024, residents of the United States are unable to purchase challenges on this site. US citizens residing outside the US who possess a valid resident ID may still continue to use our services.

Due to regulatory conditions, we are unable to offer services with traders residing in the following countries: Cuba, Iran, North Korea, Myanmar, Russia (or the Crimea, Donetsk or Luhansk regions of Ukraine), Somalia and Syria.

The provision of services is not extended to individuals who appear on sanction lists, possess criminal records associated with financial crime, terrorism, or have been previously prohibited due to breach of contract, with no allowances.

All affiliates are paid via crypto.

Absolutely, we consider partnerships as the cornerstone of any thriving company. Hence, we welcome long-term collaborations and affiliates. Our partners receive a customized offering, including access to dedicated account managers.

If you have a community and want to become a premium affiliate please email us at [email protected]

The use of identical IPs across multiple users in the funded account constitutes a violation of our rules.

Engaging in third-party account management is prohibited. Each trader is required to handle their own accounts.

Certainly, copying trades is only allowed between your personal accounts. Our risk management relies on state-of-the-art technology, and a significant portion of trades being flagged as copies constitutes a violation of our rules.

Rest assured, your account will not be forfeited. Our risk team will only deduct the profits from the withdrawal amount. If the deducted profits exceed your PnL, your account will be reset to its original balance, offering you a second opportunity.

Certainly, each trader is accountable for their own account credentials. The sharing of these details with third parties is beyond our control and is strictly prohibited. Sharing your funded account credentials may result in the suspension of the account.

Absolutely, our operations are guided by rules centered on consistency. These regulations are designed to confirm our collaboration with genuine traders who consistently implement effective risk management and strategic approaches to their accounts. As an institution, it is essential for us to uphold these rules to identify the most reliable traders and steer clear of individuals engaged in pure speculation.

Our consistency rule applies exclusively to the funded stage and is evaluated during the withdrawal process:

33% consistency rule: A single trade should not account for more than 33% of the requested profit. This precaution aims to prevent traders from going “all in” before news events or engaging in risky behavior, encouraging the application of sound risk management. It also aids in our overall risk management strategy, contributing to a more sustainable long-term risk model.

This rule is also applicable only in the funded stage. We utilize volume bands for risk management and consistency purposes. For instance, if a trader typically uses lot sizes of 0.50 and 1.50 lots on gold throughout the month, assuming a 1-lot average size per trade, a single trade with 10 lots placed just before significant events would be invalidated from the results. This is because it exceeds 200% of the average volume for the period, similar to if it were more than 75% below the average lot size.

Example (values for illustration purposes only):
Average lot size: 1 lots per trade
Upper limit: 2 lots per trade
Lower limit: 0.25 lots per trade

Any trades within this range are deemed acceptable. These rules are crafted to strike a balance, offering a competitive challenge while ensuring the sustainability of the Prop in the market over the long term. In the event of trades falling outside the consistency range, the account remains intact; only those specific trades are removed, and the remaining amount is processed accordingly.

While opinions may vary, some traders find these rules beneficial, stating that they become better traders by adhering to their trading plans rather than succumbing to impulsive decisions.

Certainly, hedging is permitted. However, employing multiple accounts to hedge entries between them will be regarded as a rule violation. This prohibition extends to hedging activities between different clients. You are free to hedge your own account to safeguard a position, but engaging in hedging across two distinct accounts or individuals, where opposite positions are taken to circumvent the rules, is not permitted.

Indeed, we permit all types of EAs (Expert Advisors). Ensure that the EAs you use are your own creations and not copies of others’ trades.

We evaluate this on a case-by-case basis. If your account has been suspended, you will receive a member discount for upcoming Evaluations. If you violate the consistency rules, your Funded Account will not be forfeited; we will only eliminate the specific trades from the profit or restart the account.

Under the 1-Step Program, you’re allowed to hold positions over the weekend during the evaluation phase. However, it’s not permitted to hold positions over the weekend once you reach the live funded stage.

At the moment, news trading is permitted.

We do require the use of both Stop Loss and Take Profit on live accounts. This helps you manage risk on virtual funds and prevents us from having to apply profit caps to our users.

Our goal is to swiftly process payouts, typically completing the withdrawal process within an average of 3 business days.

We currently process withdrawals via Crypto

To safeguard your profits and prevent any risks, your account remains in “read-only” mode until the withdrawal is completed.

Profit withdrawals can be initiated by traders through their trader dashboard. The initial withdrawal request is available upon request, with a minimum wait time of 14 days after placing your first trade, followed by subsequent withdrawals permitted every 30 days.

Our collaboration is with Eightcap, a broker with multiple regulatory certifications, actively contributing to the growth of several prominent prop firms in recent years.

To engage in trading with us, traders must be at least 18 years old. While most countries are eligible, there are exceptions with specific local restrictions. Refer to our complete Terms and Conditions for a list of countries excluded from participation.

Expect your account credentials within 10 minutes of payment. Once your account is established, we’ll send you a confirmation email. If you can’t find our email after payment, please check your spam/junk folder.

You can have as many accounts as you like, as long as each one falls within the maximum allocation amount.

Every trader has access to a maximum of $1,500,000, irrespective of the number of accounts it encompasses.

No – each trader must operate under their own name and account. Engaging in third-party trading is deemed a breach of our terms and conditions, leading to complications in the KYC process.

Once you commence trading in your account, resetting it to the original amount becomes impossible.

No, the Evaluation fee is our sole charge.

Genesis Forex Funds are looking for the best-in-class traders to join their team. We follow a 1-step evaluation process to access trader’s skills and potential. Successful completion of the evaluation grants traders a simulated funded account. Traders will then remotely manage virtual funds and grow their accounts. “Funded” traders will then receive a share of the simulated profits they generate.

We categorize our live traders as independent contractors. Consequently, you will invoice Genesis Funding for your earnings and are responsible for reporting this income to your respective tax authority.

Indeed, you have the capability to engage in trading via your mobile device utilizing the Eightcap Trading Platform.

After successfully passing the 1-step evaluation, complete your KYC in the profile section of your trader dashboard. Upon KYC approval, expect to receive the contract and funded account logins within 1-3 business days.

We highly appreciate your skills and expertise, and as a token of recognition for your accomplishments, you will be awarded a certificate from Genesis Forex Funds.

At Genesis Forex Funds, we prioritize transparency within this category, and the concise answer is no. Unlike standard proprietary funding firms typically found on Wall Street, traditional prop firms in the forex industry operate under a distinct model. When traders join traditional forex prop firms, they do not receive actual capital in their Eightcap Trading Platform accounts. When traders reach the “live trader” stage, they engage in simulated/demo trading. They are compensated with commissions in exchange for positive performance during this program phase, adhering to program rules. While performance commissions are disbursed to paper traders in the “live trader” stage, the trade data generated by live traders can be leveraged and employed for additional gains by duplicating these trades into the firm’s proprietary fund. This allows traders to offer their services as “data analysts” to the firm, rendering them eligible for commission payouts ranging from 50% to 80%. These percentages fluctuate based on the value of each trader’s trading data, determined by their performance and regular commission earnings. Market conditions are supplied by a third-party price provider, Eightcap, which traders can use to enhance their skills and earnings based on their performance after successfully completing the evaluation stage and advancing to become a “live trader.” On occasion, we may refer to the “live trader” stage as “funded.” It’s important to note that any mention of a “funded” stage refers to a paper trading account funded with simulated live conditions.

The 5% Max Daily Drawdown is primarily determined by your initial account balance at the reset time, occurring before any trades are executed. This reset takes place daily at 00:00 PM Market Watch Time (5:00 PM EST). Additionally, the metric is calculated based on the highest equity point of the day.

Ensure that your account does not fall 5% below the initial balance at the reset time or 4% lower than the highest equity point within a single day. The counting formula used by our system is the highest balance or equity of the day (whichever is higher) minus the current equity.

The 10% Maximum Total Drawdown is a trailing metric based on both the account balance and equity. For example, if you start with a $100,000 account, the maximum loss level is set at $90,000. If the account balance or equity reaches $110,000, the trailing drawdown meter will be set at $99,000. This trailing drawdown always follows the highest balance or equity by 10%.

Traders must manage risk in accordance with these rules when trading our funded accounts. Violating these drawdown rules will result in a loss of the funded account. Traders can readily access their maximum daily and total drawdown levels on their dashboard at all times. While monitoring your balance is crucial during the “experienced trader” stage, it’s equally important to ensure that your equity doesn’t fluctuate by more than 5% in a single day or 10% in total.

At Genesis Forex Funds, there are no commission payout limits, provided that participants adhere to the program rules. We have never withheld commission payouts from traders who comply with the specified rules:

Consistency Rule (Exclusive to HFT Users)

Weekend Holding Terms (Permissible with prior approval from support)

Daily Drawdown (Trailing Metric)

Total Drawdown (Trailing Metric)

Authentic Strategy.

You should receive your account credentials within 5 minutes from your payment…

Starter for Beginners

Profit withdrawals can be initiated by traders through their trader dashboard. The initial withdrawal request is available upon request, with a minimum wait time of 14 days after placing your first trade, followed by subsequent withdrawals permitted every 30 days.

We categorize our live traders as independent contractors. Consequently, you will invoice Genesis Funding for your earnings and are responsible for reporting this income to your respective tax authority.

Indeed, you have the capability to engage in trading via your mobile device utilizing the Eightcap Trading Platform.

After successfully passing the 1-step evaluation, complete your KYC in the profile section of your trader dashboard. Upon KYC approval, expect to receive the contract and funded account logins within 1-3 business days.

We highly appreciate your skills and expertise, and as a token of recognition for your accomplishments, you will be awarded a certificate from Genesis Forex Funds.

At Genesis Forex Funds, we prioritize transparency within this category, and the concise answer is no. Unlike standard proprietary funding firms typically found on Wall Street, traditional prop firms in the forex industry operate under a distinct model. When traders join traditional forex prop firms, they do not receive actual capital in their Eightcap Trading Platform accounts. When traders reach the “live trader” stage, they engage in simulated/demo trading. They are compensated with commissions in exchange for positive performance during this program phase, adhering to program rules. While performance commissions are disbursed to paper traders in the “live trader” stage, the trade data generated by live traders can be leveraged and employed for additional gains by duplicating these trades into the firm’s proprietary fund. This allows traders to offer their services as “data analysts” to the firm, rendering them eligible for commission payouts ranging from 50% to 80%. These percentages fluctuate based on the value of each trader’s trading data, determined by their performance and regular commission earnings. Market conditions are supplied by a third-party price provider, Eightcap, which traders can use to enhance their skills and earnings based on their performance after successfully completing the evaluation stage and advancing to become a “live trader.” On occasion, we may refer to the “live trader” stage as “funded.” It’s important to note that any mention of a “funded” stage refers to a paper trading account funded with simulated live conditions.

The 5% Max Daily Drawdown is primarily determined by your initial account balance at the reset time, occurring before any trades are executed. This reset takes place daily at 00:00 PM Market Watch Time (5:00 PM EST). Additionally, the metric is calculated based on the highest equity point of the day.

Ensure that your account does not fall 5% below the initial balance at the reset time or 4% lower than the highest equity point within a single day. The counting formula used by our system is the highest balance or equity of the day (whichever is higher) minus the current equity.

The 10% Maximum Total Drawdown is a trailing metric based on both the account balance and equity. For example, if you start with a $100,000 account, the maximum loss level is set at $90,000. If the account balance or equity reaches $110,000, the trailing drawdown meter will be set at $99,000. This trailing drawdown always follows the highest balance or equity by 10%.

Traders must manage risk in accordance with these rules when trading our funded accounts. Violating these drawdown rules will result in a loss of the funded account. Traders can readily access their maximum daily and total drawdown levels on their dashboard at all times. While monitoring your balance is crucial during the “experienced trader” stage, it’s equally important to ensure that your equity doesn’t fluctuate by more than 5% in a single day or 10% in total.

At Genesis Forex Funds, there are no commission payout limits, provided that participants adhere to the program rules. We have never withheld commission payouts from traders who comply with the specified rules:

Consistency Rule (Exclusive to HFT Users)

Weekend Holding Terms (Permissible with prior approval from support)

Daily Drawdown (Trailing Metric)

Total Drawdown (Trailing Metric)

Authentic Strategy.

You should receive your account credentials within 5 minutes from your payment…

Genesis Category

Genesis Forex Funds are looking for the best-in-class traders to join their team. We follow a 1-step evaluation process to access trader’s skills and potential. Successful completion of the evaluation grants traders a simulated funded account. Traders will then remotely manage virtual funds and grow their accounts. “Funded” traders will then receive a share of the simulated profits they generate.

Embark on your journey by navigating to the “Programs” section on the website. Click on “Start” corresponding to your preferred account size to begin the process. This action will guide you to the account creation page. Upon successfully setting up your account, you will promptly receive an email containing your website login details. Once you’ve logged in, you can proceed to acquire your challenge. Once the evaluation is purchased, our system will immediately dispatch your account credentials to your provided email address. Prior to commencing, we highly recommend perusing our FAQ section for comprehensive insights into the specific trading objectives and regulations.

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