Learn how the funded accounts work and what is expected of our traders
After we sign the contract, you will be receiving up to 70% share of your achieved profits on the TFST Account, which is taxable income. Our HR and Payroll provider will set up all accounts with 1099s documents during tax season for United States residents. International users are responsible for complying with their local tax laws.
The relationship between TFST Trader and TFST is based on the Contract Agreement that we will sign with you after you pass the TFST Challenge and Verification. The TFST Account Agreement is a legally binding document defining both our and your duties and rights. If you are interested in a sample of the contract, please contact us at support@fundedsportstrader.com.
Once you meet the Profit Target objective of your Verification (with the recorded losses within the Max Daily Loss and Max Loss limit), the TFST Identity section will be unlocked in your Client Area.
In the TFST Identity section, you will be able to save your personal details and have them verified by our compliance team. The compliance checks usually take less than 1 business day for personal registrations and up to 3 business days for company registrations.
Once all the information is verified by our compliance team, it will be securely stored in our HR system, ready to be used in case you wish to manage your TFST Account(s) or conclude a new TFST Account Agreement.
Once you pass your KYC & Background Check, TFST Account Agreement will be unlocked for your review and signing in your Client Area – TFST Traders – Contracts. You will be able to read through the contract and use your TFST Identity to complete it with just a few clicks.
The Client Area is designed to be intuitive and self-explanatory and to provide most of the necessary information for you, but you can always contact our customer support if you need help or assistance.
TFST Traders will have the same account balance size as chosen for their preceding TFST Challenge and Verification.
To avoid any confusion, after a client becomes an TFST Trader, he/she will be provided with a demo account with virtual funds. The TFST Account is connected to our Proprietary Trading Firm’s live trading account with real capital. That is where we generate real cash flow. Clients are entitled to up to 70% of profits generated on the TFST Account. This solution is administratively much easier and gives our company the freedom to actively manage risk in certain markets.
We do not have upgrading options so you need to choose the appropriate account size right at the beginning when you are configuring your TFST Challenge.
The Profit Split on the TFST Account is done on a rolling 30 day basis. For example, if a trader starts trading on the 1st of August, the first Profit Split Day will be available the 31st of August, if a trader starts on the 15th of April, the first profit split day will be available 30 days from that start date, in this case that would be May 15th.
An email and website notification will go out when a withdrawal is ready for your approval.
If you selected payouts they are processed within 1-2 business days upon confirming the invoice. You can receive your profits by a regular Bank Wire Transfer, Paypal, Venmo, Zelle or Crypto. We don’t charge any commissions for withdrawals.
You don’t need to score any minimum* Whatever amount of profit you generate, that’s what we split by 70/30 and pay you out.
If you prefer to keep your Profit Split on account to grow and accordingly build up your balance and drawdown buffer, you can do so.
* Due to imposed fees for payout transfers, there is a minimum closed profit requirement of at least $20 for bank wire and $50 for crypto payouts, to cover the cost of a transaction.
