SeacrestFunded

1. Copy Trading
At SeacrestFunded, we understand the appeal of copy trading and recognize its potential benefits for traders. To facilitate a fair and transparent simulated trading environment, we have established guidelines for copy trading. Copy Trading from Your Account: We allow traders to engage in copy trading from an account they own and actively trade. If you have a personal account with another prop firm, retail broker, or any external/internal source, you are welcome to copy trade from that account as long as the trades executed are your own. Restrictions on Copy Trading: Copy trading between two accounts not owned by the same person, including relatives and friends, is not permitted. This policy ensures that trading activities remain transparent and authentic. Additionally, copy trading via Expert Advisors (EAs) is not allowed. Demo Account Termination for Non-compliance: Failure to comply with these copy trading rules may result in the termination of your demo account. We uphold these rules to maintain the integrity of our trading community, prevent potential misuse of copy trading functionalities, and ensure a fair and compliant simulated trading environment for all participants. If you have any questions or need further clarification regarding our copy trading policy, please do not hesitate to contact our support team. We are here to assist you and ensure that you have a positive and fulfilling trading experience with SeacrestFunded. 2. Holding Simulated Trades Overnight At SeacrestFunded, we offer traders the flexibility to hold simulated trades overnight across all simulated account types and phases. However, it's important to note that holding simulated trades overnight may incur swap fees. Overnight Simulated Trade Holding: We allow traders to hold their simulated positions overnight, regardless of the demo account type or phase they are in. This means you have the freedom to keep your simulated trades open beyond the daily trading session and attempt to capitalize on potential price movements that occur outside regular trading hours. Swap Fees: When holding simulated trades overnight, it's important to be aware of swap fees. Swap fees, also known as rollover or overnight financing charges, are applied to simulated positions held beyond a specific cutoff time to track equivalent fees that are imposed in actual live market trading. These fees reflect the cost of maintaining a position in the market and are primarily influenced by the interest rate differentials between the currencies involved in the trade. 3-Day Swap Fee: Every Wednesday brings a unique scenario where simulated positions held overnight will be subject to a 3-day swap instead of the usual overnight rollover. This means that any simulated trades opened on Wednesday and held through Thursday will incur additional swap fees (3 times higher than usual) regardless of demo account type or phase. To avoid any surprises or unexpected costs, we strongly advise all our valued traders to review their open simulated positions and take necessary actions ahead of this weekly occurrence. Swap fees are charged to reflect the interest costs incurred by brokers for maintaining open positions on behalf of traders in actual live swap accounts. These fees are calculated based on the size of the simulated position, prevailing interest rates, and the specific currency pair involved. It's important to review and understand the swap fee structure applicable to your demo account before deciding to hold simulated trades overnight. At SeacrestFunded, we aim to provide transparency regarding swap fees. We encourage traders to assess their trading strategies, consider the potential impact of swap fees, and make informed decisions based on their individual trading goals. 3. Invalid or Expired Accounts Due to the constant overwhelming amount of accounts that are becoming expired due to no trading activity we will now require you to place a trade at least once within a 30-day period in order to keep it active. Starting November 7th, 2023 any account not traded into within 30 days will become null and void. This timer starts from the time of purchase not your first trade so please keep this in mind. We currently have no control over this as the brokers and the platforms you use automatically archive each account that has not been traded. In order to keep these accounts from expiring we ask that you follow this process in order to keep your account or else it will be lost. Yes we still have an unlimited time frame on our trading challenges but in order to keep your account active you must follow the process if you would like to keep the account. Please make sure you follow the instructions.