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A prop firm is an entity in which a trader is allocated a portion of the firms capital in order to have the trader employ their own market strategies and receive a portion of any profits made using that capital. Historically, prop firms have been brick and mortar establishments that employed traders with years of experience or trained less experienced traders on how to become profitable after the trader put up a large sum of their own capital used for their initial training period. These type of “old-school” prop firms are not very inclusive and the barriers to entry can be prohibitively expensive for the average retail trader.
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.
Maximum drawdown is calculated as a static value off the beginning capital deposited into your trading accounts and evaluations
Daily drawdown is balance based at the time of the daily reset.
No at LFP, there are no ongoing fees.
No, we do not offer a refundable challenge fee.
We are partnered with Eightcap as our broker to offer industry leading spreads and commissions for traders. To understand their account offering that we use see here: https://www.eightcap.com/en/trading/trading-conditions/spreads/
Lionheart Funding Program offers the following platforms:
Platform 4: https://www.eightcap.com/en/trading-platforms/-4/download–4-platform/
DXTrade: https://embedded.dx-eightcap.com.
NOTE: Due to regulatory constraints, clients from the United States can only utilize DXTrade & are unable to utilize Platform 4. This also means that HFT Accounts are not available to clients from the United States given HFT currently only works on Platform 4 (not DXTrade).
After a client becomes a Funded Trader, they will be provided with a demo account with virtual funds.
For the avoidance of any confusion, please keep in mind that a Funded Account is a fully simulated account with real market quotes from liquidity providers. The trading data is sent off to a partnered proprietary trading firm where trades are copied at their own discretion using aggregated orders using proprietary risk management techniques.
Once you become a live funded trader, you must trade with us for at least 30 days for your first payout, and after that we can payout bi-weekly
No, we offer traders an unlimited time to pass phase 1 and phase 2.
To request a withdrawal, please go to your dashboard and select the Withdrawal/ Profit Share option to request a withdrawal.
Once you send your request, our payments team will verify if you meet the eligible criteria to make a withdrawal, if so they will process the payout either via Cryptocurrency or Bank Transfer.
Please notice that once you create a Funded account, you will be required to sign the Independent Contractor Agreement and fill out the Payment Method form, where you will provide your preferred payment method to process your future requests.
We aim to process payouts as quickly as possible. Our average withdrawal processing time is within 2 business days.
A Funded Account is any account in which a trader may be entitled to a remuneration payable as a percentage of the profit generated in their account based on the Profit Split associated with the account, subject to our Terms of Use and Customer Agreement.
Funded Accounts are earned by our clients after successfully passing one of our evaluation programs and completing the KYC/AML screening required to receive a Funded Account.
For the avoidance of any confusion, please keep in mind that a Funded Account is a fully simulated account with real market quotes from liquidity providers. The trading data is sent off to a partnered proprietary trading firm where trades are copied at their own discretion using aggregated orders using proprietary risk management techniques.
We offer 1:100 on FX, Metals and Energy, 1:40 on Index, and 1:4 on Crypto markets.
There are no profit targets required to be reached on the live funded account. However, the account must end in a positive balance at the end of the 30 day trading period to make a withdrawal.
We are a member of a large organization with substantial capital backing. We are ultimately in the business of finding good traders, which means paying out what our trader’s deserve and guaranteeing this via our legal documents and funded trader contracts. That being said all payouts are vetted by our risk team, and the only times we do not payout is if these legals have been breached or trader’s have not obtained profits in a legitimate way.
You must be 18 years or older to join this site. 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.
Yes, EAs and Algos’s are allowed on our ROAR CHALLENGE only, on challenge phases only as long as this does not utilise any form of arbitrage strategy or prohibited trading strategies.
Prohibited trading strategies:
Copy Trading from Third Party Signals
Account Management Services
Arbitrage Trading (Latency or Reverse)
Grid Trading
The purpose of the evaluation is for us to make sure that you are a consistent trader without any capital risk. As our evaluation is set up to test your trading without risking capital, you cannot withdraw profits on this phase.
Lionheart funding program was founded by experienced traders and liquidity risk managers. We see $600.000 as an optimal maximum amount of capital before excess levels of slippage and poor trade conditions not suited to retail traders will set in.
Whilst our evaluation phase aims to best capture live conditions as best as possible, the live market will always be more reactive to short held scalping trades. As such to protect both our traders and our capital we aim to support scalping strategies that hold for certain amounts of time.
Yes, the minimum age to participate in all of our programs is 18 years of age or older.
Upon receiving your confirmation of successful payment, you will receive your Trading Platform and Dashboard credentials within 5 minutes.
We allow for unlimited evaluation accounts to be taken at once, with a total maximum funding amount in the Funded Phase of up to $600,000. This means you can have as many evaluation accounts as you want, but at any point in time, the maximum you can have in the funded phase is $600,000. Any accounts you have in the challenge phases can be used to replenish the lost ones if you lose any of your funded accounts. We also have a scaling plan up to $2.5 million once you have become profitable.
No, we do not permit hedging on any accounts.
We are on the lookout for talented trading individuals and as such does not regard trade copying someone’s direct trading activity and as such is not permitted.
Yes, as we are on the lookout for individual traders and often make payouts to bank account for our live traders. As such accounts must be created in your own name.
We classify our live traders as independent contractors. As such you invoice us for your earnings and must report this yourself to your relevant tax authority.
Yes, traders are allowed to trade news. We would recommend to be careful and use proper risk management.
Yes our program allows for weekend and overnight holding of trades.
Account merging is not allowed to mitigate risk. This policy helps ensure the security and integrity of account management. If you have concerns or questions about managing multiple accounts, please contact support for guidance.
As we are evaluating the trading of individuals you are solely responsible for your account login details. If you share account passwords with others it will violate our terms and conditions and as such it is not permitted.