Your Maximum Drawdown limit is calculated as a static value off the beginning simulated capital deposited into your trading accounts and evaluations

The Daily Drawdown limit is calculated as a percentage of the previous ending day’s equity.  This means that if you end higher or lower than the previous day, you will have the same % Drawdown, but a different $ amount.

The drawdown levels are as follows:

• The maximum total loss allowed is 10%.
• The maximum daily drawdown permitted is 5%.

There are no ongoing fees to use the platform.

We are partnered with Eightcap as our broker to offer industry leading spreads and commissions for traders. To simulate trading conditions we include their commissions and optimised market conditions including spreads.  

Here: https://www.eightcap.com/en/trading-platforms/metatrader-4/download-metatrader-4-platform/

Once you transition to a live funded trader, you must engage in trading with us for a minimum of 30 days to qualify for your initial payout. After that, you can request bi-weekly payouts.

No, OverFunded does not impose any time constraints on the assessment stage. Therefore, traders have an unlimited duration to successfully complete the challenge.

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.

Yes, you are allowed to use EA’s and indicators, including tools for managing risk and automated trading systems. However, certain strategies are strictly prohibited in the funded stage:

-High-frequency trading (manually or using a bot)

-Hedge arbitrage trading

-Tick scalping

-Grid Trading

-Martingale

-One-sided betting

-Latency arbitrage trading

-Reverse arbitrage trading

-Copying trades from other traders

If any of these strategies are detected in your live account, it will be considered a violation of the rules and OverFunded will terminate your account. 

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.

OverFunded was founded by experienced traders and liquidity risk managers. We see $200.000 as an optimal maximum amount of capital before excess levels of slippage and poor trade conditions not suited to retail traders will set in.

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, 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. 

Yes, traders are allowed to trade news. We would recommend being careful and using proper risk management.

Yes our program allows for weekend and overnight holding of trades.

Copying the trades of other users is not permitted. While you can use trade copiers to duplicate your own trades onto your OverFunded account, please exercise caution to avoid inadvertently mirroring other clients’ trades. Your OverFunded account can either act as the primary account or receive trades from your other accounts.

However, it’s essential to ensure that you do not place identical orders simultaneously with other traders on our platform. This situation can arise when using common Expert Advisors (EAs), account management services, or third-party signals. If our system detects consecutive identical orders from two or more users, it is considered a violation of our policies. This rule holds particular importance during the funded trading stage. Although EAs are allowed, we strongly recommend using a unique set of parameters or confirming that no other traders are using the same EA on our servers. This precaution helps prevent our system from flagging duplicate orders.

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.

You have the flexibility to purchase challenges using various payment methods, including credit cards, debit cards, Skrill, and cryptocurrencies.

The profit target in the challenge stage is 10%

OverFunded offers accounts with 1:30 leverage.

We apply 25% profit consistency rule in the live stage. To satisfy the Consistency Rule no single trade can account for 25% or more of your total Required Return or total Target Return. 

You can expect to receive your account login information within 5 minutes of your payment. Upon the successful creation of your account, you will be notified via email. If you do not locate our email in your inbox, kindly check your spam/junk folder.

Certainly, as an acknowledgment of your expertise and accomplishment, OverFunded will provide you with a certificate.

After passing the evaluation, the next step is to undergo the Know Your Customer (KYC) procedure within the My Profile section of your account. Typically, our team reviews this process within 1-3 business days. If your KYC review encounters issues or fails, please send an email to support@over-funded.com

If you come across this situation, please reach out to our support team through email at support@over-funded.com We’ll provide the necessary assistance to address this concern.

No, OverFunded does not offer refund upon withdrawal

First Withdrawal:

The first payout can be requested after 30 days.

50% Profit Split

5% Profit Cap

Second Withdrawal

The second payout can be requested after 15 days.

70% Profit Split

5% Profit Cap

Third Withdrawal

The third payout can be requested after 15 days.

80% Profit Split

5% Profit Cap

Fourth Withdrawal

The fourth and subsequent withdrawals can be requested after 15 days.

80% Profit Split

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.

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 the services.